PENN Entertainment Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
PENN$18.45-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - March 31, 2024 and December 31,
CONSOLIDATED BALANCE SHEETS
| (in millions, except share and per share data) | March 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $903.6 | $1,071.8 |
| Accounts receivable, net | 282.3 | 319.0 |
| Prepaid expenses | 156.6 | 225.6 |
| Other current assets | 50.4 | 42.6 |
| Total current assets | 1,392.9 | 1,659.0 |
| Property and equipment, net | 3,467.4 | 3,514.0 |
| Investment in and advances to unconsolidated affiliates | 84.8 | 84.9 |
| Goodwill | 2,664.7 | 2,695.1 |
| Other intangible assets, net | 1,605.5 | 1,618.2 |
| Operating lease right-of-use assets | 4,189.3 | 4,264.7 |
| Finance lease right-of-use assets | 2,019.1 | 2,041.0 |
| Other assets | 190.7 | 187.3 |
| Total assets | $15,614.4 | $16,064.2 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | $38.2 | $36.6 |
| Current maturities of long-term debt | 47.6 | 47.6 |
| Current portion of financing obligations | 41.9 | 41.3 |
| Current portion of operating lease liabilities | 307.4 | 302.3 |
| Current portion of finance lease liabilities | 37.4 | 40.3 |
| Accrued expenses and other current liabilities | 865.2 | 1,021.9 |
| Total current liabilities | 1,337.7 | 1,490.0 |
| Long-term debt, net of current maturities, debt discount and debt issuance costs | 2,718.1 | 2,718.0 |
| Long-term portion of financing obligations | 2,375.6 | 2,386.1 |
| Long-term portion of operating lease liabilities | 3,868.8 | 3,944.1 |
| Long-term portion of finance lease liabilities | 2,053.3 | 2,062.5 |
| Deferred income taxes | 44.8 | 117.6 |
| Other long-term liabilities | 144.1 | 146.3 |
| Total liabilities | 12,542.4 | 12,864.6 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding) | — | — |
| Series C Preferred stock ($0.01 par value, 18,500 shares authorized, no shares issued and outstanding) | — | — |
| Series D Preferred stock ($0.01 par value, 5,000 shares authorized, no shares issued and outstanding) | — | — |
| Common stock ($0.01 par value, 400,000,000 shares authorized, 177,037,707 and 176,719,596 shares issued, and 151,870,805 and 151,552,694 shares outstanding) | 1.8 | 1.8 |
| Exchangeable shares ($0.01 par value, 768,441 shares authorized, 768,441 and 700,393 shares issued, 557,174 and 560,267 shares outstanding) | — | — |
| Treasury stock, at cost, (25,166,902 shares repurchased in both periods) | (779.5) | (779.5) |
| Additional paid-in capital | 4,459.9 | 4,436.6 |
| Accumulated deficit | (450.2) | (335.5) |
| Accumulated other comprehensive loss | (157.3) | (121.3) |
| Total PENN Entertainment, Inc. stockholders’ equity | 3,074.7 | 3,202.1 |
| Non-controlling interest | (2.7) | (2.5) |
| Total stockholders’ equity | 3,072.0 | 3,199.6 |
| Total liabilities and stockholders’ equity | $15,614.4 | $16,064.2 |
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