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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Allocation of Purchase Price and Adjustments | The following table reflects the allocation of the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed, with the excess recorded as goodwill. During the year ended December 31, 2022, we made the following purchase price measurement period adjustment:
(in millions) | Estimated fair value, as previously reported.(1) |  | Measurement period adjustments |  | Final fair value
Cash and cash equivalents | $ | 160.3 |  | $ | — |  | $ | 160.3
Other current assets | 22.8 |  | — |  | 22.8
ROU assets | 2.6 |  | — |  | 2.6
Property and equipment | 1.8 |  | — |  | 1.8
Goodwill | 1,690.2 |  | 1.5 |  | 1,691.7
Other intangible assets |  |  |  |  |
Gaming technology | 160.0 |  | — |  | 160.0
Media technology | 57.0 |  | — |  | 57.0
Tradename | 100.0 |  | — |  | 100.0
Advertising relationships | 11.0 |  | — |  | 11.0
Customer relationships | 8.0 |  | — |  | 8.0
Re-acquired right | 2.6 |  | — |  | 2.6
Other long-term assets | 5.2 |  | — |  | 5.2
Total assets | $ | 2,221.5 |  |  | $ | 1.5 |  |  | $ | 2,223.0 |
Accounts payable, accrued expenses and other current liabilities | $ | 67.9 |  |  | $ | 1.5 |  |  | $ | 69.4 |
Deferred tax liabilities | 69.2 |  |  | — |  |  | 69.2 |
Other non-current liabilities | 1.7 |  |  | — |  |  | 1.7 |
Total liabilities | 138.8 |  |  | 1.5 |  |  | 140.3 |
Net assets acquired | $ | 2,082.7 |  |  | $ | — |  |  | $ | 2,082.7 |
(1)Amounts were initially reported within the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 28, 2022.
Schedule of valuation approaches of intangible assets acquired | The following valuation approaches were utilized to determine the fair value of each intangible asset:
Intangible Asset | Valuation Approach
Gaming technology | Relief-from-royalty (variation of income approach)
Media technology | Replacement cost
Tradename | Relief-from-royalty (variation of income approach)
Advertising relationships | With-and-without (variation of income approach)
Customer relationships | Replacement cost
Re-acquired right | Replacement cost
Schedule of Actual and Pro Forma Financial Results | For the year ended December 31, 2021, pro forma adjustments directly attributable to the acquisitions include acquisition and transaction related costs of $77.1 million incurred by both PENN and the respective acquirees, gains of $51.0 million related to our purchase of the remaining 50% of Sam Houston and a net unrealized gain on the equity security investment in theScore. For the year ended December 31, 2020, pro forma adjustments directly attributable to the acquisitions primarily include a net unrealized gain of $8.3 million on the equity security investment in theScore.
| For the year ended December 31,
(in millions) | 2021 |  | 2020
Revenues | $ | 5,978.0 |  |  | $ | 3,677.4 |
Net income (loss) | $ | 347.6 |  |  | $ | (705.4) |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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