Quick10K

⚲

Penn National Gaming

Filings

10-Q	2020-06-30	Filed 2020-08-06
10-Q	2020-03-31	Filed 2020-05-08
10-K	2019-12-31	Filed 2020-02-27
10-Q	2019-09-30	Filed 2019-11-07
10-Q	2019-06-30	Filed 2019-08-08
10-Q	2019-03-31	Filed 2019-05-08
10-K	2018-12-31	Filed 2019-02-28
10-Q	2018-09-30	Filed 2018-11-08
10-Q	2018-06-30	Filed 2018-08-01
10-Q	2018-03-31	Filed 2018-05-07
10-K	2017-12-31	Filed 2018-03-01
10-Q	2017-09-30	Filed 2017-11-03
10-Q	2017-06-30	Filed 2017-08-04
10-Q	2017-03-31	Filed 2017-05-03
10-K	2016-12-31	Filed 2017-02-24
10-Q	2016-09-30	Filed 2016-11-04
10-Q	2016-06-30	Filed 2016-08-05
10-Q	2016-03-31	Filed 2016-05-06
10-K	2015-12-31	Filed 2016-03-15
10-Q	2015-06-30	Filed 2015-08-06
10-Q	2015-03-31	Filed 2015-05-06
10-K	2014-12-31	Filed 2015-02-27
10-Q	2014-09-30	Filed 2014-11-07
10-Q	2014-06-30	Filed 2014-08-01
10-Q	2014-03-31	Filed 2014-05-01
10-K	2013-12-31	Filed 2014-02-27
10-Q	2013-09-30	Filed 2013-11-08
10-Q	2013-06-30	Filed 2013-08-02
10-Q	2013-03-31	Filed 2013-05-03
10-K	2012-12-31	Filed 2013-02-22
10-Q	2012-09-30	Filed 2012-11-05
10-Q	2012-06-30	Filed 2012-08-02
10-Q	2012-03-31	Filed 2012-05-03
10-K	2011-12-31	Filed 2012-02-24
10-Q	2011-09-30	Filed 2011-11-04
10-Q	2011-06-30	Filed 2011-08-08
10-Q	2011-03-31	Filed 2011-05-04
10-K	2010-12-31	Filed 2011-02-25
10-Q	2010-09-30	Filed 2010-11-05
10-Q	2010-06-30	Filed 2010-08-09
10-Q	2010-03-31	Filed 2010-05-07
10-K	2009-12-31	Filed 2010-02-26

Reports

8-K	2020-08-06	Earnings, Exhibits
8-K	2020-06-10
8-K	2020-05-19
8-K	2020-05-11
8-K	2020-05-07
8-K	2020-04-14
8-K	2020-03-27
8-K	2020-03-16
8-K	2020-03-13
8-K	2020-02-27
8-K	2020-02-19
8-K	2020-02-06
8-K	2020-01-28
8-K	2020-01-22
8-K	2019-10-31
8-K	2019-09-24
8-K	2019-08-01
8-K	2019-07-30
8-K	2019-06-12
8-K	2019-05-28
8-K	2019-05-23
8-K	2019-05-02
8-K	2019-02-14
8-K	2019-02-07
8-K	2019-01-29
8-K	2019-01-09
8-K	2019-01-02
8-K	2018-12-10
8-K	2018-11-13
8-K	2018-11-01
8-K	2018-10-15
8-K	2018-08-28
8-K	2018-07-26
8-K	2018-06-18
8-K	2018-06-13
8-K	2018-05-25
8-K	2018-04-26
8-K	2018-03-29
8-K	2018-03-21
8-K	2018-03-21
8-K	2018-03-19
8-K	2018-03-12
8-K	2018-02-28
8-K	2018-02-27
8-K	2018-02-23
8-K	2018-02-08

Penn National Gaming Financials

PENN Metrics, Comps, Filings

Quarterly | Annual

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
Sunstone Hotel Investors (SHO)	3,092	0%	9.9	4%	3,899	1,186	1,123	0	175	331	3,285
Eldorado Resorts (ERI)	3,030	0%	5.2	2%	6,081	4,954	2,608	0	94	546	2,811
Hilton Grand Vacations (HGV)	2,966	0%	9.2	9%	3,038	2,544	2,012	0	264	389	3,577
Boyd Gaming (BYD)	2,773	0%	10.9	2%	6,678	5,430	3,285	0	156	582	6,362
Extended Stay America (STAY)	2,719	0%	10.8	4%	4,155	2,911	1,224	0	181	453	4,887
Belmond (BEL)	2,563	0%	35.6	-0%	1,676	1,036	454	0	-4	90	3,205
Xenia Hotels & Resorts (XHR)	2,407	25%	10.9	5%	3,159	1,373	1,143	287	144	310	3,361
Penn National Gaming (PENN)	2,252	0%	5.0	1%	14,318	12,379	5,115	0	94	866	4,318
Red Rock Resorts (RRR)	1,469	0%	14.7	0%	4,127	3,345	1,827	0	16	300	4,409
Platinum Eagle Acquisition (EAGL)	1,058	47%	19.7	1%	608	467	245	115	6	74	1,465
Playa Hotels & Resorts (PLYA)	1,027	0%	17.3	-0%	2,144	1,320	644	0	-1	115	1,987
Monarch Casino & Resort (MCRI)	774	17%	14.9	6%	565	232	247	41	33	50	745
Century Casinos (CNTY)	259	0%	15.1	1%	340	153	197	0	4	19	285
Civeo (CVEO)	229	6%	10.4	-4%	1,011	505	493	32	-41	59	614
Red Lion Hotels (RLH)	161	0%	37.8	-4%	288	122	88	0	-10	5	195
Dover Downs (DDE)	83	0%	11.0	-0%	161	46	180	0	-0	7	72
Peak Resorts (SKIS)	71	0%	7.3	0%	389	293	187	0	1	37	270
Full House Resorts (FLL)	58	0%	13.1	-1%	208	149	126	0	-2	10	134
Town Sports International (CLUB)	47	0%	8.7	-2%	814	900	351	0	-15	24	208
Target Hospitality (TH)


Balance Sheet ($MM)	2010-06-30	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash	398	355	246	234	322	208	238	217	204	217	260	248	235	268	293	288	251	231	209	238	233	223	237	214	221	202	230	259	224	265	278	218	200	245	481	414	389	424
Accounts Receivable	46	44	44	42	52	42	55	56	54	57	54	57	52	42	53	53	70	42	42	41	45	41	45	47	47	43	62	49	49	54	63	57	55	50	107	114	106	92
Inventory
PP&E	1,908	1,946	1,966	1,975	3,203	3,288	3,372	3,477	3,601	3,729	4,015	4,064	4,104	4,120	1,411	1,499	1,540	1,695	1,744	1,811	1,868	3,029	2,980	2,935	2,895	2,845	2,820	2,774	2,828	2,786	2,757	2,711	2,681	2,650	6,869	5,228	5,216	5,155
Assets	4,474	4,490	4,463	4,435	7,188	4,484	4,606	4,650	4,783	4,968	5,644	5,566	5,433	5,397	2,184	2,253	2,254	2,463	2,236	2,281	2,325	5,142	5,139	5,129	5,143	5,252	4,974	4,947	4,984	5,569	5,235	5,166	5,092	5,084	10,961	13,498	14,209	14,318
Accounts Payable	24	20	17	14	19	23	40	29	30	58	38	37	25	28	23	25	61	42	43	67	73	68	73	68	69	61	35	29	29	24	26	19	24	22	31	31	28	40
Long-Term Debt	2,098	2,098	1,813	1,389	2,095	1,922	1,999	1,986	2,059	2,129	2,732	2,615	2,478	2,300	1,052	1,064	1,057	1,230	1,243	1,281	1,264	1,712	1,735	1,717	1,688	1,589	1,330	1,388	1,303	1,282	1,215	1,164	1,041	1,014	2,453	2,413	2,590	2,491
Liabilities	2,576	2,581	2,685	2,587	3,458	2,493	2,635	2,585	2,640	2,769	3,393	3,247	3,104	3,005	1,426	1,475	1,466	1,665	1,682	1,706	1,726	5,818	5,817	5,778	5,750	5,806	5,518	5,488	5,502	5,309	5,308	5,199	5,064	5,013	10,230	11,636	12,318	12,379
Stockholders' Equity	1,901	1,909	1,778					2,064	2,143	2,199	2,251	2,319	2,330	2,392	758	778	788	798	554	575	599	-676	-678	-649	-607	-554	-543	-541	-518	260	-73	-34	28	70	731	1,862	1,892	1,940


Income Statement ($MM)	2010-06-30	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Revenue	598	638	630	667	688	711	676	736	738	707	744	798	853	714	645	641	652	646	651	664	701	739	734	756	769	766	743	776	807	806	769	816	827	790	1,155	1,283	1,323	1,354
Cost of Revenue
Gross Profit
R&D
SG&A	107	102	108	103	102	109	109	116	115	138	163	136	129	131	131	108	108	117	114	116	119	108		117	110	114	122	126	142	107	152	121	133	125		287	287	310
Tax	13	34	22	38	50	42	20	47	100	71	1	43	39	30	11	7	9	8	-62	9	11	35	4	8	11	-9	2	2	18	-759	252	16	15	17		15	19	20
Net Income	9	48	-153	52	76	71	44	79	67	46	20	65	7	41	-889	5	4	8	-250	11	17	5	-9	24	34	47	5	5	17	789	-338	45	54	36	-42	41	52	44


Cash Flow ($MM)	2010-06-30	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash Operating		146	123	102	97		129	123	108	107	169	134	158	137	13	24	98	83	15	66	110	131	93	71	118	122	93	67		141	122	67	140	94		126	190	204
Cash Investing		-140	-321	-80	-65		-116	-132	-193	-165	-698	-36	-46	-38	-296	-44	-126	-122	-83	-65	-98	-521		-71	-73	-134	198	-23		-26	-29	-62	-17	-5		-408	-86	-47
Cash Financing		-49	89	-35	-35		17	-11	72	72	571	-111	-124	-66	308	16	-9	19	46	29	-17	380	18	-23	-39	-8	-264	-14		-75	-80	-64	-141	-45		215	-128	-121