PENN Entertainment (PENN) Financials

$15.11 -0.06 (-0.40%)

Closing price 04:00 PM Eastern

Extended Trading

$14.90 -0.21 (-1.36%)

As of 07:48 PM Eastern

Annual Income Statements for PENN Entertainment

This table shows PENN Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-312	-490	222	421	-670	44	94	473	109	0.69
Consolidated Net Income / (Loss)	-313	-491	222	421	-669	43	94	473	109	0.69
Net Income / (Loss) Continuing Operations	-313	-491	222	421	-669	43	94	473	109	0.69
Total Pre-Tax Income	-341	-500	175	539	-834	86	90	-25	121	57
Total Operating Income	73	-690	974	1,060	-410	572	634	446	543	468
Total Gross Profit	2,164	2,362	2,770	2,757	1,711	2,347	1,540	1,335	1,277	1,567
Total Revenue	6,578	6,363	6,402	5,905	3,579	5,301	3,588	3,148	3,034	2,838
Operating Revenue	6,578	6,363	6,402	5,905	3,579	5,301	3,588	3,332	3,034	2,993
Total Cost of Revenue	4,415	4,001	3,632	3,148	1,868	2,955	2,048	1,813	1,758	1,272
Operating Cost of Revenue	4,415	4,001	3,632	3,148	1,868	2,955	2,048	1,813	1,758	1,272
Total Operating Expenses	2,091	3,052	1,796	1,697	2,121	1,775	906	889	734	1,099
Selling, General & Admin Expense	1,568	1,563	1,110	1,353	1,131	1,188	619	515	462	449
Depreciation Expense	434	435	568	345	367	414	269	267	271	259
Other Operating Expenses / (Income)	0.00	923	0.00	0.00	-	-	-17	90	-	350
Impairment Charge	89	131	118	0.00	623	173	35	18	0.00	40
Total Other Income / (Expense), net	-414	191	-799	-521	-424	-486	-544	-471	-422	-411
Interest Expense	0.30	0.00	10	0.00	1.20	0.00	21	24	459	443
Interest & Investment Income	-419	185	-716	-523	-529	-506	-516	-445	24	26
Other Income / (Expense), net	5.30	5.50	-72	2.50	107	20	-7.10	-2.30	13	5.87
Income Tax Expense	-28	-8.20	-46	119	-165	43	-3.60	-499	11	56
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.80	-1.40	-0.40	-0.30	0.40	-0.80	0.00	0.00	0.00	-
Basic Earnings per Share	($2.05)	($3.22)	$1.37	$2.64	($5.00)	$0.38	$0.96	$5.21	$1.21	$0.01
Weighted Average Basic Shares Outstanding	152.10M	152.10M	161.20M	158.70M	134M	115.70M	97.10M	90.90M	82.93M	80.00M
Diluted Earnings per Share	($2.05)	($3.22)	$1.29	$2.48	($5.00)	$0.37	$0.93	$5.07	$1.19	$0.01
Weighted Average Diluted Shares Outstanding	152.10M	152.10M	176.60M	175.50M	134M	117.80M	100.30M	93.40M	91.41M	90.90M
Weighted Average Basic & Diluted Shares Outstanding	152.95M	152.42M	152.59M	168.32M	156.49M	116.86M	116.84M	90.90M	90.30M	68.60M

This table shows PENN Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-133	-37	-27	-115	-358	-725	78	515	21	124
Consolidated Net Income / (Loss)	-134	-38	-27	-115	-359	-725	78	514	21	123
Net Income / (Loss) Continuing Operations	-134	-38	-27	-115	-359	-725	78	514	21	123
Total Pre-Tax Income	-149	-35	-30	-128	-408	-887	113	682	53	-59
Total Operating Income	-48	68	75	-21	-308	-786	206	199	243	137
Total Gross Profit	546	569	572	476	317	649	696	700	670	668
Total Revenue	1,669	1,639	1,663	1,607	1,395	1,619	1,675	1,673	1,586	1,625
Operating Revenue	1,669	1,639	1,663	1,607	1,395	1,619	1,675	1,673	1,586	1,625
Total Cost of Revenue	1,123	1,071	1,091	1,131	1,078	970	978	974	916	957
Operating Cost of Revenue	1,123	1,071	1,091	1,131	1,078	970	978	974	916	957
Total Operating Expenses	595	501	498	498	626	1,435	491	500	427	531
Selling, General & Admin Expense	398	393	389	389	384	406	380	393	263	278
Depreciation Expense	107	109	109	109	111	106	111	108	150	149
Total Other Income / (Expense), net	-101	-102	-105	-106	-100	-100	-93	483	-190	-196
Interest & Investment Income	-103	-105	-106	-105	-101	-100	-99	484	-186	-187
Other Income / (Expense), net	2.80	2.80	1.00	-1.30	1.00	-0.30	5.80	-1.00	-4.80	-8.80
Income Tax Expense	-15	2.80	-3.20	-13	-49	-162	35	168	32	-182
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.50	-0.80	-0.30	-0.20	-0.70	-0.30	-0.30	-0.10	-	-0.30
Basic Earnings per Share	($0.87)	($0.24)	($0.18)	($0.76)	($2.28)	($4.80)	$0.51	$3.35	$0.12	$0.78
Weighted Average Basic Shares Outstanding	152.10M	152.20M	152.10M	151.90M	152.10M	150.90M	152.80M	153.30M	161.20M	157.60M
Diluted Earnings per Share	($0.87)	($0.24)	($0.18)	($0.76)	($1.95)	($4.80)	$0.48	$3.05	$0.13	$0.72
Weighted Average Diluted Shares Outstanding	152.10M	152.20M	152.10M	151.90M	152.10M	150.90M	167.90M	168.60M	176.60M	173M
Weighted Average Basic & Diluted Shares Outstanding	152.95M	152.63M	152.60M	152.45M	152.42M	151.76M	151.04M	154.12M	152.59M	155.12M

This table details how cash moves in and out of PENN Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-371	-550	-236	9.70	1,415	-26	202	49	-11	28
Net Cash From Operating Activities	359	456	878	896	339	704	353	478	408	414
Net Cash From Continuing Operating Activities	359	456	878	896	339	704	353	478	408	414
Net Income / (Loss) Continuing Operations	-313	-491	222	421	-669	43	94	473	109	0.69
Consolidated Net Income / (Loss)	-313	-491	222	421	-669	43	94	473	109	0.69
Depreciation Expense	434	435	568	345	367	414	269	267	271	259
Amortization Expense	8.70	8.10	9.00	23	137	7.70	6.40	7.00	7.20	6.60
Non-Cash Adjustments To Reconcile Net Income	584	910	379	203	704	136	60	148	16	63
Changes in Operating Assets and Liabilities, net	-354	-406	-299	-95	-199	103	-76	-417	3.87	84
Net Cash From Investing Activities	-541	-743	-259	-1,222	-234	-608	-1,423	-222	-79	-781
Net Cash From Continuing Investing Activities	-541	-743	-259	-1,222	-234	-608	-1,423	-222	-79	-781
Purchase of Property, Plant & Equipment	-483	-360	-263	-244	-137	-191	-93	-99	-97	-199
Acquisitions	-58	-337	-9.00	-970	-143	-1,371	-2,027	-129	-87	-453
Sale of Property, Plant & Equipment	4.00	0.50	4.90	1.50	16	0.60	16	0.00	18	0.56
Divestitures	0.00	-51	0.00	0.00	-	961	662	0.00	0.00	-
Sale and/or Maturity of Investments	0.50	8.00	-15	0.00	-	-	0.50	8.20	30	-
Other Investing Activities, net	-5.10	-3.70	24	-9.40	30	-2.40	19	-1.20	57	-130
Net Cash From Financing Activities	-187	-263	-853	340	1,310	-122	1,272	-207	-340	396
Net Cash From Continuing Financing Activities	-187	-263	-853	340	1,310	-122	1,272	-207	-340	396
Repayment of Debt	-60	-66	-1,630	-99	-872	-450	-630	-1,654	-472	-165
Repurchase of Common Equity	0.00	-150	-601	0.00	0.00	-25	-50	-25	0.00	-
Issuance of Debt	0.00	0.00	1,545	473	862	412	1,760	1,456	123	562
Other Financing Activities, net	-126	-47	-167	-34	31	-59	192	15	9.31	-1.16
Effect of Exchange Rate Changes	-2.30	-0.40	-2.50	-4.50	-	0.00	-	-	-	-
Cash Interest Paid	416	420	722	515	355	528	530	453	453	434
Cash Income Taxes Paid	-3.80	74	73	108	-15	22	24	-43	-11	5.12

This table details how cash moves in and out of PENN Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-139	-38	-27	-167	-248	50	-40	-312	-111	30
Net Cash From Operating Activities	103	175	150	-69	-85	217	176	148	118	324
Net Cash From Continuing Operating Activities	103	175	150	-69	-85	217	176	148	118	324
Net Income / (Loss) Continuing Operations	-134	-38	-27	-115	-359	-725	78	514	21	123
Consolidated Net Income / (Loss)	-134	-38	-27	-115	-359	-725	78	514	21	123
Depreciation Expense	107	109	109	109	111	106	111	108	150	149
Amortization Expense	2.10	2.30	2.10	2.20	1.90	2.10	2.10	2.00	2.00	2.10
Non-Cash Adjustments To Reconcile Net Income	432	-103	134	120	474	979	-79	-464	58	159
Changes in Operating Assets and Liabilities, net	-305	204	-68	-185	-313	-145	64	-12	-113	-109
Net Cash From Investing Activities	-229	-167	-99	-47	-157	-123	-85	-378	-79	-66
Net Cash From Continuing Investing Activities	-229	-167	-99	-47	-157	-123	-85	-378	-79	-66
Purchase of Property, Plant & Equipment	-221	-132	-88	-41	-152	-75	-70	-63	-74	-64
Acquisitions	-8.50	-32	-17	0.00	-4.80	-5.40	-12	-315	-4.90	-2.20
Sale of Property, Plant & Equipment	0.20	0.30	-	-	0.30	0.10	-	-	-	0.30
Other Investing Activities, net	0.80	-3.10	3.10	-5.90	0.10	0.10	-3.50	-0.40	0.10	15
Net Cash From Financing Activities	-12	-46	-79	-50	-4.70	-44	-131	-83	-148	-228
Net Cash From Continuing Financing Activities	-12	-46	-79	-50	-4.70	-44	-131	-83	-148	-228
Repayment of Debt	-11	-12	-21	-16	-21	-23	-9.70	-13	-16	-16
Other Financing Activities, net	-0.40	-34	-58	-34	16	-21	-22	-20	-41	-44
Effect of Exchange Rate Changes	-1.40	-	-0.10	-0.80	-1.40	-	-0.50	1.50	-	-
Cash Interest Paid	91	112	98	114	99	114	97	111	187	197
Cash Income Taxes Paid	-2.70	-2.00	0.30	0.60	-	7.90	65	1.10	27	0.80

This table presents PENN Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	15,262	16,064	17,502	16,872	14,667	14,195	10,961	5,235	4,974	5,139
Total Current Assets	1,154	1,659	2,013	2,224	2,085	643	678	401	399	372
Cash & Equivalents	707	1,072	1,624	1,864	1,854	437	480	278	230	237
Accounts Receivable	257	319	247	195	96	89	107	63	62	45
Prepaid Expenses	152	226	106	132	104	77	63	44	60	77
Other Current Assets	39	43	36	32	31	40	28	16	48	13
Plant, Property, & Equipment, net	3,705	3,514	4,516	4,582	4,529	5,120	6,869	2,757	2,820	2,980
Total Noncurrent Assets	10,402	10,891	10,973	10,066	8,053	8,432	3,415	2,077	1,755	1,786
Long-Term Investments	86	85	249	255	267	128	129	149	156	168
Noncurrent Note & Lease Receivables	2,014	2,041	-	-	-	-	0.00	21	91	198
Goodwill	2,563	2,695	2,690	2,823	1,157	1,271	1,228	1,008	990	912
Intangible Assets	1,530	1,618	1,739	1,873	1,514	2,027	1,857	423	435	391
Other Noncurrent Operating Assets	4,209	4,452	6,296	5,116	5,116	5,006	120	86	82	117
Total Liabilities & Shareholders' Equity	15,262	16,064	17,502	16,872	14,667	14,195	10,961	5,235	4,974	5,139
Total Liabilities	12,403	12,865	13,906	12,775	12,012	12,343	10,230	5,308	5,518	5,817
Total Current Liabilities	1,415	1,490	1,159	1,133	860	906	738	530	536	558
Short-Term Debt	38	48	56	100	81	63	62	92	142	143
Accounts Payable	51	37	40	53	33	40	31	26	35	73
Accrued Expenses	907	1,022	805	799	575	631	578	126	102	94
Other Current Liabilities	419	384	258	182	170	171	68	92	159	143
Total Noncurrent Liabilities	10,988	11,375	12,747	11,642	11,152	11,437	9,491	4,778	4,981	5,259
Long-Term Debt	2,733	2,718	2,721	2,637	2,231	2,322	2,350	1,215	1,330	1,619
Noncurrent Deferred & Payable Income Tax Liabilities	61	118	34	189	126	245	0.00	34	154	108
Other Noncurrent Operating Liabilities	8,195	8,539	9,992	8,815	8,794	8,870	7,141	47	40	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	2,858	3,200	3,597	4,097	2,656	1,852	731	-73	-543	-678
Total Preferred & Common Equity	2,863	3,202	3,598	4,098	2,656	1,853	731	-73	-543	-678
Preferred Stock	0.00	0.00	19	26	23	0.00	0.00	0.00	-	-
Total Common Equity	2,863	3,202	3,578	4,072	2,632	1,853	731	-73	-543	-678
Common Stock	4,544	4,438	4,222	4,241	3,167	1,720	1,728	1,009	1,015	990
Retained Earnings	-647	-336	155	-87	-507	162	-968	-1,052	-1,525	-1,635
Treasury Stock	-780	-780	-630	-28	-28	-28	-28	-28	-28	-28
Accumulated Other Comprehensive Income / (Loss)	-255	-121	-169	-54	0.00	-	-	-1.45	-4.68	-4.55
Noncontrolling Interest	-4.30	-2.50	-1.10	-0.70	-0.40	-0.80	0.00	0.00	-	-

This table presents PENN Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	15,515	15,538	15,614	16,169	17,028	17,040	17,535
Total Current Assets	1,281	1,333	1,393	1,781	1,736	1,753	2,059
Cash & Equivalents	834	878	904	1,318	1,272	1,311	1,728
Accounts Receivable	240	252	282	253	290	260	156
Prepaid Expenses	156	158	157	168	114	124	112
Other Current Assets	51	45	50	31	28	23	63
Plant, Property, & Equipment, net	3,581	3,498	3,467	3,461	3,444	3,443	4,517
Total Noncurrent Assets	10,653	10,707	10,754	10,927	11,849	11,843	10,959
Long-Term Investments	89	87	85	83	86	87	246
Noncurrent Note & Lease Receivables	2,037	2,060	2,019	-	-	-	-
Goodwill	2,664	2,648	2,665	2,687	2,957	2,926	2,662
Intangible Assets	1,625	1,606	1,606	1,721	2,219	2,226	1,755
Other Noncurrent Operating Assets	4,238	4,307	4,380	6,435	6,586	6,605	6,297
Total Liabilities & Shareholders' Equity	15,515	15,538	15,614	16,169	17,028	17,040	17,535
Total Liabilities	12,454	12,485	12,542	12,688	12,819	12,865	13,919
Total Current Liabilities	1,361	1,300	1,338	1,253	1,227	1,271	1,148
Short-Term Debt	38	38	48	57	56	56	56
Accounts Payable	67	46	38	45	52	46	41
Accrued Expenses	846	810	865	790	750	802	798
Other Current Liabilities	411	406	387	362	368	367	254
Total Noncurrent Liabilities	11,092	11,186	11,205	11,435	11,593	11,594	12,771
Long-Term Debt	2,727	2,722	2,718	2,715	2,723	2,721	2,730
Noncurrent Deferred & Payable Income Tax Liabilities	84	74	45	155	262	230	38
Other Noncurrent Operating Liabilities	8,281	8,389	8,442	8,565	8,608	8,642	10,003
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,061	3,053	3,072	3,481	4,209	4,175	3,616
Total Preferred & Common Equity	3,065	3,056	3,075	3,483	4,210	4,176	3,617
Preferred Stock	0.00	0.00	0.00	0.00	12	12	19
Total Common Equity	3,065	3,056	3,075	3,483	4,199	4,165	3,596
Common Stock	4,516	4,489	4,462	4,408	4,355	4,335	4,202
Retained Earnings	-514	-477	-450	23	747	669	134
Treasury Stock	-780	-780	-780	-780	-	-680	-539
Accumulated Other Comprehensive Income / (Loss)	-158	-177	-157	-169	-124	-160	-201
Noncontrolling Interest	-3.80	-3.00	-2.70	-1.80	-1.50	-1.20	-1.10

This table displays calculated financial ratios and metrics derived from PENN Entertainment's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.38%	-0.61%	8.41%	65.00%	-32.50%	47.76%	13.97%	3.74%	6.91%	9.57%
EBITDA Growth	315.36%	-116.34%	3.43%	615.77%	-80.30%	12.34%	25.77%	-13.98%	12.75%	38.82%
EBIT Growth	111.36%	-175.92%	-15.08%	449.84%	-151.29%	-5.60%	41.41%	-20.21%	17.30%	82.11%
NOPAT Growth	110.50%	-139.22%	49.04%	387.84%	-200.30%	-56.59%	111.38%	-36.60%	8,580.21%	-96.85%
Net Income Growth	36.24%	-321.65%	-47.28%	162.85%	-1,652.44%	-53.90%	-80.25%	333.08%	15,834.40%	100.37%
EPS Growth	36.34%	-349.61%	-47.98%	149.60%	-1,451.35%	-60.22%	-81.66%	326.05%	11,800.00%	100.43%
Operating Cash Flow Growth	-21.19%	-48.09%	-2.00%	164.49%	-51.87%	99.52%	-26.16%	17.12%	-1.41%	57.81%
Free Cash Flow Firm Growth	102.90%	-154.67%	238.88%	-294.01%	163.12%	-135.01%	14,726.29%	-97.61%	258.50%	-1,163.59%
Invested Capital Growth	0.58%	6.82%	-4.53%	65.56%	-22.43%	44.81%	-41.07%	7.38%	-4.58%	11.63%
Revenue Q/Q Growth	4.34%	-2.90%	0.21%	10.17%	-8.06%	3.64%	12.06%	0.84%	0.30%	3.00%
EBITDA Q/Q Growth	98.59%	-170.37%	17.34%	-7.36%	422.77%	-8.14%	15.93%	-13.45%	5.04%	25.47%
EBIT Q/Q Growth	142.21%	-391.88%	6.19%	3.22%	29.71%	-13.79%	17.22%	-18.68%	7.09%	44.90%
NOPAT Q/Q Growth	138.60%	-396.90%	-7.77%	12.88%	20.89%	-54.09%	154.35%	-95.11%	-2.37%	-97.47%
Net Income Q/Q Growth	41.80%	-339.53%	-9.77%	8.26%	13.64%	-54.19%	146.15%	-42.02%	14.81%	100.49%
EPS Q/Q Growth	34.50%	-182.46%	-7.86%	-23.93%	26.69%	-44.78%	142.86%	-41.86%	4.39%	100.57%
Operating Cash Flow Q/Q Growth	109.38%	-30.81%	0.13%	-0.10%	-16.45%	23.10%	-16.53%	7.79%	-4.61%	24.72%
Free Cash Flow Firm Q/Q Growth	112.56%	-51.27%	673.07%	-225.58%	-4.20%	-183.70%	427.72%	-99.73%	66.35%	81.86%
Invested Capital Q/Q Growth	-1.37%	-0.90%	1.68%	66.04%	-3.01%	-4.86%	-40.35%	-8.91%	-6.65%	-0.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.89%	37.12%	43.27%	46.69%	47.80%	44.27%	42.92%	42.41%	42.07%	55.20%
EBITDA Margin	7.91%	-3.80%	23.09%	24.21%	5.58%	19.12%	25.15%	22.79%	27.49%	26.06%
Operating Margin	1.10%	-10.85%	15.21%	17.94%	-11.46%	10.79%	17.67%	14.16%	17.90%	16.48%
EBIT Margin	1.18%	-10.76%	14.09%	17.99%	-8.48%	11.17%	17.48%	14.09%	18.31%	16.69%
Profit (Net Income) Margin	-4.76%	-7.72%	3.46%	7.12%	-18.70%	0.81%	2.61%	15.04%	3.60%	0.02%
Tax Burden Percent	91.80%	98.36%	126.47%	78.00%	80.21%	50.06%	104.00%	-1,886.06%	90.63%	1.21%
Interest Burden Percent	-438.69%	72.97%	19.44%	50.76%	274.77%	14.55%	14.34%	-5.66%	21.71%	11.95%
Effective Tax Rate	0.00%	0.00%	-26.47%	22.00%	0.00%	49.94%	-4.00%	0.00%	9.37%	98.79%
Return on Invested Capital (ROIC)	1.05%	-10.38%	26.73%	21.86%	-8.81%	9.23%	19.29%	7.51%	11.99%	0.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-19.25%	-11.04%	-105.94%	-78.41%	-46.79%	-4.20%	0.97%	11.13%	3.87%	0.04%
Return on Net Nonoperating Assets (RNNOA)	-11.40%	-4.08%	-20.97%	-9.40%	-20.88%	-5.89%	9.13%	-161.09%	-29.89%	-0.24%
Return on Equity (ROE)	-10.34%	-14.46%	5.76%	12.45%	-29.69%	3.34%	28.42%	-153.59%	-17.90%	-0.10%
Cash Return on Invested Capital (CROIC)	0.48%	-16.97%	31.36%	-27.52%	16.46%	-27.38%	70.98%	0.39%	16.69%	-10.85%
Operating Return on Assets (OROA)	0.50%	-4.08%	5.25%	6.74%	-2.10%	4.71%	7.74%	8.69%	10.99%	9.70%
Return on Assets (ROA)	-2.00%	-2.93%	1.29%	2.67%	-4.64%	0.34%	1.15%	9.27%	2.16%	0.01%
Return on Common Equity (ROCE)	-10.36%	-14.43%	5.73%	12.36%	-29.53%	3.34%	28.42%	-153.59%	-17.90%	-0.10%
Return on Equity Simple (ROE_SIMPLE)	-10.94%	-15.35%	6.16%	10.26%	-25.19%	2.33%	12.79%	-647.20%	-20.12%	-0.10%
Net Operating Profit after Tax (NOPAT)	51	-483	1,232	826	-287	286	659	312	492	5.67
NOPAT Margin	0.77%	-7.59%	19.24%	14.00%	-8.02%	5.40%	18.38%	9.91%	16.22%	0.20%
Net Nonoperating Expense Percent (NNEP)	20.30%	0.66%	132.67%	100.27%	37.98%	13.42%	18.32%	-3.62%	8.12%	0.11%
Return On Investment Capital (ROIC_SIMPLE)	0.90%	-8.10%	19.33%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	67.11%	62.88%	56.73%	53.31%	52.20%	55.73%	57.08%	57.59%	57.93%	44.80%
SG&A Expenses to Revenue	23.84%	24.57%	17.35%	22.91%	31.60%	22.40%	17.25%	16.34%	15.24%	15.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.79%	47.97%	28.06%	28.75%	59.26%	33.48%	25.25%	28.25%	24.17%	38.71%
Earnings before Interest and Taxes (EBIT)	78	-685	902	1,062	-304	592	627	443	556	474
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	520	-242	1,478	1,429	200	1,014	902	718	834	740
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	1.23	1.29	2.16	5.10	1.60	3.06	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.46	0.62	0.72	1.49	3.75	0.56	0.62	0.91	0.38	0.45
Price to Earnings (P/E)	0.00	0.00	20.74	20.89	0.00	67.49	23.94	6.03	10.54	1,872.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	4.82%	4.79%	0.00%	1.48%	4.18%	16.59%	9.49%	0.05%
Enterprise Value to Invested Capital (EV/IC)	1.03	1.16	1.23	2.00	4.79	1.30	1.59	1.68	1.42	1.47
Enterprise Value to Revenue (EV/Rev)	0.76	0.87	0.86	1.60	3.81	0.90	1.13	2.29	1.88	2.17
Enterprise Value to EBITDA (EV/EBITDA)	9.61	0.00	3.74	6.60	68.25	4.72	4.48	10.06	6.83	8.32
Enterprise Value to EBIT (EV/EBIT)	64.25	0.00	6.13	8.88	0.00	8.08	6.45	16.27	10.25	12.99
Enterprise Value to NOPAT (EV/NOPAT)	98.50	0.00	4.49	11.41	0.00	16.70	6.13	23.13	11.57	1,085.66
Enterprise Value to Operating Cash Flow (EV/OCF)	13.91	12.19	6.30	10.53	40.23	6.79	11.46	15.10	13.96	14.87
Enterprise Value to Free Cash Flow (EV/FCFF)	217.81	0.00	3.83	0.00	25.41	0.00	1.67	440.87	8.32	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	0.86	0.77	0.67	0.87	1.29	3.30	-65.47	-9.07	-7.78
Long-Term Debt to Equity	0.96	0.85	0.76	0.64	0.84	1.25	3.21	-64.22	-8.81	-7.57
Financial Leverage	0.59	0.37	0.20	0.12	0.45	1.40	9.39	-14.48	-7.72	-6.74
Leverage Ratio	5.17	4.94	4.47	4.67	6.40	9.74	24.61	-16.56	-8.28	-7.04
Compound Leverage Factor	-22.68	3.60	0.87	2.37	17.59	1.42	3.53	0.94	-1.80	-0.84
Debt to Total Capital	49.22%	46.36%	43.57%	40.05%	46.55%	56.29%	76.74%	101.55%	112.39%	114.75%
Short-Term Debt to Total Capital	0.68%	0.80%	0.88%	1.46%	1.64%	1.48%	1.98%	1.95%	3.24%	3.10%
Long-Term Debt to Total Capital	48.54%	45.56%	42.69%	38.59%	44.91%	54.81%	74.76%	99.60%	109.15%	111.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.30%	0.38%	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.08%	-0.04%	-0.02%	-0.01%	-0.01%	-0.02%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.86%	53.68%	56.14%	59.59%	52.96%	43.73%	23.26%	-1.55%	-12.39%	-14.75%
Debt to EBITDA	5.33	-11.45	1.88	1.91	11.58	2.35	2.67	6.67	5.91	7.13
Net Debt to EBITDA	3.80	-6.66	0.61	0.43	0.96	1.79	2.00	6.08	5.45	6.58
Long-Term Debt to EBITDA	5.25	-11.25	1.84	1.85	11.17	2.29	2.60	6.55	5.74	6.94
Debt to NOPAT	54.60	-5.72	2.25	3.31	-8.05	8.33	3.66	15.35	10.02	930.54
Net Debt to NOPAT	38.97	-3.33	0.73	0.75	-0.67	6.36	2.74	13.98	9.23	859.08
Long-Term Debt to NOPAT	53.84	-5.63	2.21	3.19	-7.77	8.11	3.56	15.06	9.73	905.38
Altman Z-Score	0.51	0.42	0.81	1.04	0.90	0.65	0.52	0.89	0.64	0.50
Noncontrolling Interest Sharing Ratio	-0.11%	0.23%	0.56%	0.73%	0.52%	-0.03%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	1.11	1.74	1.96	2.42	0.71	0.92	0.76	0.74	0.67
Quick Ratio	0.68	0.93	1.61	1.82	2.27	0.58	0.79	0.64	0.54	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	23	-790	1,445	-1,041	536	-850	2,427	16	685	-432
Operating Cash Flow to CapEx	75.06%	126.82%	339.73%	369.37%	280.23%	370.47%	458.18%	481.17%	516.18%	208.28%
Free Cash Flow to Firm to Interest Expense	76.50	0.00	138.96	0.00	446.97	0.00	115.56	0.68	1.49	-0.97
Operating Cash Flow to Interest Expense	1,197.67	0.00	84.44	0.00	282.33	0.00	16.80	19.91	0.89	0.93
Operating Cash Flow Less CapEx to Interest Expense	-398.00	0.00	59.59	0.00	181.58	0.00	13.13	15.77	0.72	0.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.38	0.37	0.37	0.25	0.42	0.44	0.62	0.60	0.58
Accounts Receivable Turnover	22.85	22.48	28.97	40.53	38.67	54.23	42.31	50.51	56.70	65.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.82	1.58	1.41	1.30	0.74	0.88	0.75	1.13	1.05	1.00
Accounts Payable Turnover	101.02	104.32	77.76	72.79	50.83	83.46	72.43	59.30	32.58	21.93
Days Sales Outstanding (DSO)	15.97	16.23	12.60	9.01	9.44	6.73	8.63	7.23	6.44	5.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.61	3.50	4.69	5.01	7.18	4.37	5.04	6.15	11.20	16.64
Cash Conversion Cycle (CCC)	12.36	12.74	7.91	3.99	2.26	2.36	3.59	1.07	-4.77	-11.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,836	4,809	4,502	4,715	2,848	3,671	2,535	4,303	4,007	4,199
Invested Capital Turnover	1.36	1.37	1.39	1.56	1.10	1.71	1.05	0.76	0.74	0.71
Increase / (Decrease) in Invested Capital	28	307	-213	1,867	-824	1,136	-1,767	296	-193	438
Enterprise Value (EV)	4,999	5,555	5,530	9,432	13,630	4,781	4,042	7,216	5,696	6,155
Market Capitalization	3,025	3,949	4,607	8,789	13,415	2,963	2,238	2,854	1,152	1,285
Book Value per Share	$18.76	$21.10	$23.07	$24.02	$16.94	$15.98	$6.15	($0.80)	($6.51)	($8.46)
Tangible Book Value per Share	($8.06)	($7.32)	($5.48)	($3.68)	($0.25)	($12.46)	($19.81)	($16.51)	($23.57)	($24.71)
Total Capital	5,629	5,965	6,374	6,834	4,968	4,237	3,143	4,716	4,386	4,598
Total Debt	2,771	2,766	2,778	2,737	2,313	2,385	2,412	4,789	4,930	5,276
Total Long-Term Debt	2,733	2,718	2,721	2,637	2,231	2,322	2,350	4,697	4,787	5,133
Net Debt	1,978	1,609	905	618	192	1,819	1,804	4,362	4,544	4,870
Capital Expenditures (CapEx)	479	360	259	243	121	190	77	99	79	199
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-929	-855	-713	-674	-547	-637	-478	-315	-224	-280
Debt-free Net Working Capital (DFNWC)	-223	217	911	1,190	1,306	-200	1.30	-37	5.14	-43
Net Working Capital (NWC)	-261	169	855	1,090	1,225	-263	-61	-129	-137	-185
Net Nonoperating Expense (NNE)	364	8.26	1,010	406	382	243	566	-161	383	4.98
Net Nonoperating Obligations (NNO)	1,978	1,609	905	618	192	1,819	1,804	4,376	4,550	4,878
Total Depreciation and Amortization (D&A)	442	443	577	367	503	422	275	274	278	266
Debt-free, Cash-free Net Working Capital to Revenue	-14.12%	-13.44%	-11.14%	-11.41%	-15.30%	-12.02%	-13.33%	-10.01%	-7.39%	-9.85%
Debt-free Net Working Capital to Revenue	-3.38%	3.40%	14.23%	20.15%	36.50%	-3.77%	0.04%	-1.18%	0.17%	-1.50%
Net Working Capital to Revenue	-3.96%	2.66%	13.35%	18.47%	34.23%	-4.96%	-1.69%	-4.10%	-4.52%	-6.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.05)	($3.22)	$1.37	$2.64	($5.00)	$0.38	$0.96	$5.21	$1.21	$0.01
Adjusted Weighted Average Basic Shares Outstanding	152.10M	152.10M	161.20M	158.70M	134M	115.70M	97.11M	90.85M	82.93M	80.00M
Adjusted Diluted Earnings per Share	($2.05)	($3.22)	$1.29	$2.48	($5.00)	$0.37	$0.93	$5.07	$1.19	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	152.10M	152.10M	176.60M	175.50M	134M	117.80M	100.34M	93.38M	91.41M	90.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	152.95M	152.42M	152.59M	168.32M	156.49M	116.86M	116.84M	91.67M	90.89M	81.29M
Normalized Net Operating Profit after Tax (NOPAT)	113	-392	765	826	149	373	468	325	492	356
Normalized NOPAT Margin	1.72%	-6.16%	11.94%	14.00%	4.17%	7.03%	13.05%	10.31%	16.22%	12.53%
Pre Tax Income Margin	-5.19%	-7.85%	2.74%	9.13%	-23.31%	1.62%	2.51%	-0.80%	3.98%	1.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	259.33	0.00	86.72	0.00	-253.00	0.00	29.86	18.48	1.21	1.07
NOPAT to Interest Expense	169.17	0.00	118.44	0.00	-239.28	0.00	31.40	13.00	1.07	0.01
EBIT Less CapEx to Interest Expense	-1,336.33	0.00	61.87	0.00	-353.75	0.00	26.19	14.34	1.04	0.62
NOPAT Less CapEx to Interest Expense	-1,426.50	0.00	93.59	0.00	-340.03	0.00	27.74	8.86	0.90	-0.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-30.48%	271.13%	0.00%	0.00%	57.77%	53.48%	5.24%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from PENN Entertainment's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.61%	1.22%	-0.70%	-3.97%	-12.00%	-0.34%	2.94%	6.97%	0.83%	7.49%
EBITDA Growth	132.89%	126.71%	-42.38%	-71.33%	-149.77%	-343.56%	-25.88%	-17.36%	127.11%	-28.45%
EBIT Growth	85.26%	108.94%	-64.27%	-111.46%	-229.11%	-715.09%	-25.76%	-21.17%	28.36%	-50.48%
NOPAT Growth	84.40%	108.58%	-63.35%	-109.98%	-324.33%	-675.27%	48.55%	-1.17%	-49.36%	-43.06%
Net Income Growth	62.71%	94.83%	-134.70%	-122.34%	-1,825.00%	-688.56%	199.23%	896.90%	-53.57%	43.09%
EPS Growth	55.38%	95.00%	-137.50%	-124.92%	-1,600.00%	-766.67%	220.00%	951.72%	-45.83%	38.46%
Operating Cash Flow Growth	221.34%	-19.49%	-14.55%	-146.51%	-171.74%	-32.94%	-16.78%	-34.33%	0.94%	17.93%
Free Cash Flow Firm Growth	88.24%	99.58%	-90.80%	195.92%	-268.87%	34.61%	177.51%	58.65%	118.46%	-663.97%
Invested Capital Growth	0.58%	1.06%	-13.87%	-12.69%	6.82%	9.60%	-61.27%	18.56%	-4.53%	55.91%
Revenue Q/Q Growth	1.82%	-1.43%	3.49%	15.16%	-13.83%	-3.31%	0.09%	5.53%	-2.42%	-0.12%
EBITDA Q/Q Growth	-64.75%	-2.89%	111.68%	145.39%	71.38%	-309.51%	5.33%	-21.21%	40.08%	-36.24%
EBIT Q/Q Growth	-164.44%	-6.89%	432.60%	92.62%	60.93%	-472.31%	6.66%	-16.80%	86.16%	-55.06%
NOPAT Q/Q Growth	-171.26%	-9.40%	448.13%	93.06%	60.78%	-486.89%	-5.21%	55.98%	0.57%	-0.10%
Net Income Q/Q Growth	-256.80%	-38.38%	76.41%	67.98%	50.52%	-1,028.43%	-84.82%	2,373.08%	-83.12%	372.03%
EPS Q/Q Growth	-262.50%	-33.33%	76.32%	61.03%	59.38%	-1,100.00%	-84.26%	2,246.15%	-81.94%	380.00%
Operating Cash Flow Q/Q Growth	-41.10%	16.16%	318.92%	18.99%	-139.08%	23.30%	19.16%	24.96%	-63.47%	53.00%
Free Cash Flow Firm Q/Q Growth	-1,417.78%	-100.49%	20.67%	231.98%	46.40%	-110.78%	1,357.70%	-332.37%	120.75%	87.22%
Invested Capital Q/Q Growth	-1.37%	1.12%	0.00%	0.85%	-0.90%	-13.81%	1.36%	23.39%	1.68%	-69.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.74%	34.69%	34.41%	29.63%	22.73%	40.08%	41.58%	41.80%	42.26%	41.10%
EBITDA Margin	3.83%	11.06%	11.23%	5.49%	-13.92%	-41.92%	19.35%	18.38%	24.62%	17.15%
Operating Margin	-2.88%	4.12%	4.48%	-1.33%	-22.10%	-48.56%	12.27%	11.90%	15.32%	8.41%
EBIT Margin	-2.71%	4.29%	4.54%	-1.41%	-22.03%	-48.58%	12.62%	11.84%	15.02%	7.87%
Profit (Net Income) Margin	-8.02%	-2.29%	-1.63%	-7.15%	-25.71%	-44.78%	4.66%	30.74%	1.31%	7.58%
Tax Burden Percent	89.92%	108.07%	89.44%	90.12%	87.96%	81.77%	69.24%	75.39%	39.62%	-209.52%
Interest Burden Percent	328.48%	-49.36%	-40.13%	561.67%	132.69%	112.72%	53.38%	344.42%	22.05%	-45.97%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.76%	24.61%	60.38%	0.00%
Return on Invested Capital (ROIC)	-2.75%	3.73%	3.76%	-1.13%	-21.15%	-48.01%	5.53%	11.41%	8.43%	10.35%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.34%	-1.55%	-1.17%	-7.46%	-32.52%	-64.01%	4.47%	45.92%	-1.48%	19.85%
Return on Net Nonoperating Assets (RNNOA)	-4.94%	-0.76%	-0.52%	-3.25%	-12.03%	-19.69%	6.84%	11.93%	-0.29%	1.72%
Return on Equity (ROE)	-7.69%	2.96%	3.25%	-4.38%	-33.17%	-67.70%	12.36%	23.34%	8.14%	12.07%
Cash Return on Invested Capital (CROIC)	0.48%	-3.75%	0.98%	1.30%	-16.97%	-11.26%	95.59%	-1.45%	31.36%	-6.94%
Operating Return on Assets (OROA)	-1.14%	1.71%	1.75%	-0.54%	-8.35%	-18.89%	4.74%	4.39%	5.59%	3.02%
Return on Assets (ROA)	-3.37%	-0.91%	-0.63%	-2.76%	-9.75%	-17.41%	1.75%	11.40%	0.49%	2.91%
Return on Common Equity (ROCE)	-7.70%	2.97%	3.24%	-4.37%	-33.10%	-67.52%	12.32%	23.25%	8.09%	11.99%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-17.56%	-40.12%	-36.45%	0.00%	-3.21%	17.49%	16.39%	0.00%	6.79%
Net Operating Profit after Tax (NOPAT)	-34	47	52	-15	-216	-550	142	150	96	96
NOPAT Margin	-2.02%	2.88%	3.14%	-0.93%	-15.47%	-33.99%	8.50%	8.97%	6.07%	5.89%
Net Nonoperating Expense Percent (NNEP)	5.58%	5.27%	4.93%	6.33%	11.37%	16.00%	1.05%	-34.51%	9.91%	-9.49%
Return On Investment Capital (ROIC_SIMPLE)	-0.60%	-	-	-	-3.62%	-	-	-	1.51%	-
Cost of Revenue to Revenue	67.26%	65.31%	65.59%	70.37%	77.27%	59.92%	58.42%	58.20%	57.74%	58.90%
SG&A Expenses to Revenue	23.86%	23.94%	23.37%	24.20%	27.50%	25.10%	22.71%	23.48%	16.60%	17.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.62%	30.58%	29.93%	30.97%	44.83%	88.64%	29.31%	29.91%	26.94%	32.69%
Earnings before Interest and Taxes (EBIT)	-45	70	76	-23	-307	-787	211	198	238	128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	181	187	88	-194	-679	324	308	390	279
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	0.94	0.97	0.90	1.23	1.00	0.88	1.09	1.29	1.21
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.46	0.46	0.47	0.44	0.62	0.53	0.56	0.70	0.72	0.68
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	5.02	6.61	20.74	17.71
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.91%	15.13%	4.82%	5.65%
Enterprise Value to Invested Capital (EV/IC)	1.03	0.96	0.98	0.94	1.16	1.00	0.91	1.07	1.23	1.17
Enterprise Value to Revenue (EV/Rev)	0.76	0.75	0.75	0.72	0.87	0.74	0.78	0.91	0.86	0.81
Enterprise Value to EBITDA (EV/EBITDA)	9.61	18.01	0.00	0.00	0.00	14.09	3.95	4.18	3.74	4.12
Enterprise Value to EBIT (EV/EBIT)	64.25	0.00	0.00	0.00	0.00	0.00	6.62	6.97	6.13	6.11
Enterprise Value to NOPAT (EV/NOPAT)	98.50	0.00	0.00	0.00	0.00	0.00	7.01	7.44	4.49	3.89
Enterprise Value to Operating Cash Flow (EV/OCF)	13.91	27.49	22.18	18.95	12.19	7.34	6.71	7.39	6.30	5.92
Enterprise Value to Free Cash Flow (EV/FCFF)	217.81	0.00	92.28	67.12	0.00	0.00	0.53	0.00	3.83	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	0.90	0.90	0.90	0.86	0.80	0.66	0.67	0.77	0.77
Long-Term Debt to Equity	0.96	0.89	0.89	0.88	0.85	0.78	0.65	0.65	0.76	0.76
Financial Leverage	0.59	0.49	0.44	0.44	0.37	0.31	1.53	0.26	0.20	0.09
Leverage Ratio	5.17	4.84	4.48	4.51	4.94	4.75	4.38	4.32	4.47	4.98
Compound Leverage Factor	16.99	-2.39	-1.80	25.31	6.55	5.35	2.34	14.88	0.99	-2.29
Debt to Total Capital	49.22%	47.46%	47.48%	47.38%	46.36%	44.33%	39.77%	39.95%	43.57%	43.52%
Short-Term Debt to Total Capital	0.68%	0.66%	0.66%	0.82%	0.80%	0.91%	0.80%	0.81%	0.88%	0.87%
Long-Term Debt to Total Capital	48.54%	46.81%	46.83%	46.56%	45.56%	43.43%	38.97%	39.14%	42.69%	42.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.17%	0.30%	0.30%
Noncontrolling Interests to Total Capital	-0.08%	-0.07%	-0.05%	-0.05%	-0.04%	-0.03%	-0.02%	-0.02%	-0.02%	-0.02%
Common Equity to Total Capital	50.86%	52.60%	52.57%	52.67%	53.68%	55.70%	60.08%	59.90%	56.14%	56.17%
Debt to EBITDA	5.33	10.56	-4.61	-6.00	-11.45	8.08	2.14	1.96	1.88	2.21
Net Debt to EBITDA	3.80	7.04	-3.00	-3.86	-6.66	4.00	1.09	0.98	0.61	0.64
Long-Term Debt to EBITDA	5.25	10.41	-4.55	-5.90	-11.25	7.91	2.09	1.92	1.84	2.17
Debt to NOPAT	54.60	-21.04	-3.79	-4.34	-5.72	-28.51	3.80	3.49	2.25	2.09
Net Debt to NOPAT	38.97	-14.02	-2.46	-2.79	-3.33	-14.11	1.94	1.73	0.73	0.61
Long-Term Debt to NOPAT	53.84	-20.75	-3.73	-4.26	-5.63	-27.93	3.72	3.42	2.21	2.04
Altman Z-Score	0.49	0.51	0.52	0.49	0.50	0.45	0.70	0.72	0.68	0.65
Noncontrolling Interest Sharing Ratio	-0.11%	-0.09%	0.10%	0.11%	0.23%	0.26%	0.36%	0.38%	0.56%	0.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	0.94	1.03	1.04	1.11	1.42	1.41	1.38	1.74	1.79
Quick Ratio	0.68	0.79	0.87	0.89	0.93	1.25	1.27	1.24	1.61	1.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	-4.05	833	690	-523	-976	9,049	-719	310	-1,492
Operating Cash Flow to CapEx	46.60%	132.55%	170.52%	-165.94%	-55.83%	289.72%	252.87%	233.70%	160.16%	508.01%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.40	0.39	0.39	0.38	0.39	0.38	0.37	0.37	0.38
Accounts Receivable Turnover	22.85	25.60	23.21	23.21	22.48	32.08	28.58	33.99	28.97	41.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.82	1.79	1.81	1.82	1.58	1.64	1.64	1.62	1.41	1.41
Accounts Payable Turnover	101.02	78.60	86.70	98.88	104.32	89.89	83.79	81.99	77.76	93.59
Days Sales Outstanding (DSO)	15.97	14.26	15.72	15.72	16.23	11.38	12.77	10.74	12.60	8.85
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.61	4.64	4.21	3.69	3.50	4.06	4.36	4.45	4.69	3.90
Cash Conversion Cycle (CCC)	12.36	9.61	11.51	12.03	12.74	7.32	8.42	6.29	7.91	4.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,836	4,904	4,849	4,849	4,809	4,852	5,630	5,554	4,502	4,427
Invested Capital Turnover	1.36	1.29	1.20	1.21	1.37	1.41	0.65	1.27	1.39	1.76
Increase / (Decrease) in Invested Capital	28	51	-781	-705	307	425	-8,907	870	-213	1,588
Enterprise Value (EV)	4,999	4,717	4,744	4,538	5,555	4,836	5,135	5,916	5,530	5,192
Market Capitalization	3,025	2,878	2,951	2,764	3,949	3,466	3,703	4,526	4,607	4,362
Book Value per Share	$18.76	$20.08	$20.05	$20.24	$21.10	$23.06	$27.24	$27.29	$23.07	$22.68
Tangible Book Value per Share	($8.06)	($8.02)	($7.86)	($7.87)	($7.32)	($6.13)	($6.34)	($6.47)	($5.48)	($5.17)
Total Capital	5,629	5,826	5,813	5,838	5,965	6,253	6,988	6,953	6,374	6,402
Total Debt	2,771	2,765	2,760	2,766	2,766	2,772	2,779	2,778	2,778	2,786
Total Long-Term Debt	2,733	2,727	2,722	2,718	2,718	2,715	2,723	2,721	2,721	2,730
Net Debt	1,978	1,843	1,796	1,777	1,609	1,372	1,421	1,379	905	811
Capital Expenditures (CapEx)	221	132	88	41	152	75	70	63	74	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-929	-876	-806	-801	-855	-733	-706	-773	-713	-762
Debt-free Net Working Capital (DFNWC)	-223	-42	71	103	217	585	565	539	911	966
Net Working Capital (NWC)	-261	-80	33	55	169	528	509	482	855	910
Net Nonoperating Expense (NNE)	100	85	79	100	143	175	64	-364	75	-28
Net Nonoperating Obligations (NNO)	1,978	1,843	1,796	1,777	1,609	1,372	1,421	1,379	905	811
Total Depreciation and Amortization (D&A)	109	111	111	111	113	108	113	110	152	151
Debt-free, Cash-free Net Working Capital to Revenue	-14.12%	-13.90%	-12.83%	-12.72%	-13.44%	-11.19%	-10.77%	-11.87%	-11.14%	-11.93%
Debt-free Net Working Capital to Revenue	-3.38%	-0.67%	1.14%	1.63%	3.40%	8.92%	8.62%	8.27%	14.23%	15.12%
Net Working Capital to Revenue	-3.96%	-1.27%	0.53%	0.88%	2.66%	8.06%	7.76%	7.41%	13.35%	14.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.87)	($0.24)	($0.18)	($0.76)	($2.28)	($4.80)	$0.51	$3.35	$0.12	$0.78
Adjusted Weighted Average Basic Shares Outstanding	152.10M	152.20M	152.10M	151.90M	152.10M	150.90M	152.80M	153.30M	161.20M	157.60M
Adjusted Diluted Earnings per Share	($0.87)	($0.24)	($0.18)	($0.76)	($1.95)	($4.80)	$0.48	$3.05	$0.13	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	152.10M	152.20M	152.10M	151.90M	152.10M	150.90M	167.90M	168.60M	176.60M	173M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	152.95M	152.63M	152.60M	152.45M	152.42M	151.76M	151.04M	154.12M	152.59M	155.12M
Normalized Net Operating Profit after Tax (NOPAT)	-34	47	52	-15	-216	-550	142	150	170	169
Normalized NOPAT Margin	-2.02%	2.88%	3.14%	-0.93%	-15.47%	-33.99%	8.50%	8.97%	10.72%	10.39%
Pre Tax Income Margin	-8.92%	-2.12%	-1.82%	-7.93%	-29.23%	-54.76%	6.74%	40.78%	3.31%	-3.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-8.91%	-30.48%	-215.38%	55.51%	69.54%	271.13%	207.61%

Frequently Asked Questions About PENN Entertainment's Financials

When does PENN Entertainment's fiscal year end?

According to the most recent income statement we have on file, PENN Entertainment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PENN Entertainment's net income changed over the last 9 years?

PENN Entertainment's net income appears to be on an upward trend, with a most recent value of -$313.30 million in 2024, falling from $686 thousand in 2015. The previous period was -$491.40 million in 2023. See PENN Entertainment's forecast for analyst expectations on what’s next for the company.

What is PENN Entertainment's operating income?

PENN Entertainment's total operating income in 2024 was $72.50 million, based on the following breakdown:

Total Gross Profit: $2.16 billion
Total Operating Expenses: $2.09 billion

How has PENN Entertainment revenue changed over the last 9 years?

Over the last 9 years, PENN Entertainment's total revenue changed from $2.84 billion in 2015 to $6.58 billion in 2024, a change of 131.8%.

How much debt does PENN Entertainment have?

PENN Entertainment's total liabilities were at $12.40 billion at the end of 2024, a 3.6% decrease from 2023, and a 113.2% increase since 2015.

How much cash does PENN Entertainment have?

In the past 9 years, PENN Entertainment's cash and equivalents has ranged from $229.51 million in 2016 to $1.86 billion in 2021, and is currently $706.60 million as of their latest financial filing in 2024.

How has PENN Entertainment's book value per share changed over the last 9 years?

Over the last 9 years, PENN Entertainment's book value per share changed from -8.46 in 2015 to 18.76 in 2024, a change of -321.8%.

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This page (NASDAQ:PENN) was last updated on 5/29/2025 by MarketBeat.com Staff

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PENN Entertainment (PENN) Financials

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