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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,311.3 $ 1,624.0
Accounts receivable, net 260.2 246.4
Prepaid expenses 123.8 106.1
Inventory, net 34.7 11.1
Other current assets 23.4 25.8
Total current assets 1,753.4 2,013.4
Property and equipment, net 3,443.3 4,515.5
Investment in and advances to unconsolidated affiliates 87.0 248.6
Goodwill 2,926.0 2,689.5
Other intangible assets, net 2,225.8 1,738.9
Lease right-of-use assets 6,415.2 6,103.3
Other assets 189.3 192.9
Total assets 17,040.0 17,502.1
Current liabilities    
Accounts payable 45.9 40.1
Current maturities of long-term debt 56.2 56.2
Current portion of financing obligations 39.8 63.4
Current portion of lease liabilities 327.5 194.3
Accrued expenses and other current liabilities 801.6 804.7
Total current liabilities 1,271.0 1,158.7
Long-term debt, net of current maturities, debt discount and debt issuance costs 2,721.4 2,721.3
Long-term portion of financing obligations 2,417.0 3,970.7
Long-term portion of lease liabilities 6,100.1 5,903.0
Deferred income taxes 230.4 33.9
Other long-term liabilities 125.0 117.9
Total liabilities 12,864.9 13,905.5
Commitments and contingencies (Note 12)
Stockholders’ equity    
Treasury stock, at cost, (21,375,644 and 19,728,681 shares) (679.5) (629.5)
Additional paid-in capital 4,333.6 4,220.2
Retained earnings 669.0 154.5
Accumulated other comprehensive loss (160.4) (168.6)
Total PENN Entertainment stockholders’ equity 4,176.3 3,597.7
Non-controlling interest (1.2) (1.1)
Total stockholders’ equity 4,175.1 3,596.6
Total liabilities and stockholders’ equity 17,040.0 17,502.1
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series C Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series D Preferred Stock    
Stockholders’ equity    
Preferred stock 11.8 19.4
Common Stock, Non-Exchangeable    
Stockholders’ equity    
Common stock 1.8 1.7
Common Stock, Exchangeable    
Stockholders’ equity    
Common stock $ 0.0 $ 0.0