$GLPI
Gaming & Leisure Properties, Inc. Stock $glpi

$glpi Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000157596516000122 Filed on August 09, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$207.4M	$149.9M
YoY Change	38.36%	-0.6%
Cost Of Revenue	$37.30M	$35.70M
YoY Change	4.48%	-4.8%
Gross Profit	$170.1M	$114.2M
YoY Change	48.95%	0.88%
Gross Profit Margin	82.03%	76.2%
Selling, General & Admin	$22.30M	$23.70M
YoY Change	-5.91%	21.54%
% of Gross Profit	13.11%	20.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$27.02M	$27.62M
YoY Change	-2.17%	4.81%
% of Gross Profit	15.88%	24.18%
Operating Expenses	$86.54M	$87.00M
YoY Change	-0.52%	4.3%
Operating Profit	$120.8M	$62.87M
YoY Change	92.17%	-6.66%
Interest Expense	$45.94M	$29.59M
YoY Change	55.27%	1.64%
% of Operating Profit	38.02%	47.06%
Other Income/Expense, Net	-$45.28M	-$29.00M
YoY Change	56.14%	1.97%
Pretax Income	$75.54M	$33.87M
YoY Change	123.01%	-30.78%
Income Tax	$2.271M	$1.882M
% Of Pretax Income	3.01%	5.56%
Net Earnings	$73.26M	$31.99M
YoY Change	129.03%	-13.53%
Net Earnings / Revenue	35.33%	21.34%
Basic Earnings Per Share	$0.40	$0.28
Diluted Earnings Per Share	$0.39	$0.27
COMMON SHARES
Basic Shares Outstanding	184.0M shares	114.3M shares
Diluted Shares Outstanding	187.0M shares	119.4M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$23.70M	$31.10M
YoY Change	-23.79%	-25.42%
Cash & Equivalents	$23.74M	$31.06M
Short-Term Investments
Other Short-Term Assets	$70.50M	$54.61M
YoY Change	29.11%	47.24%
Inventory
Prepaid Expenses	$6.185M	$3.542M
Receivables
Other Receivables
Total Short-Term Assets	$23.70M	$31.10M
YoY Change	-23.79%	-25.42%
LONG-TERM ASSETS
Property, Plant & Equipment	$124.2M	$134.7M
YoY Change	-7.79%	-3.07%
Goodwill	$75.52M	$75.52M
YoY Change	0.0%	0.0%
Intangibles	$9.577M	$9.577M
YoY Change	0.0%	0.0%
Long-Term Investments
YoY Change
Other Assets	$604.9M	$41.80M
YoY Change	1347.13%	-16.23%
Total Long-Term Assets	$7.125B	$2.485B
YoY Change	186.75%	-2.17%
TOTAL ASSETS
Total Short-Term Assets	$23.70M	$31.10M
Total Long-Term Assets	$7.125B	$2.485B
Total Assets	$7.149B	$2.516B
YoY Change	184.15%	-2.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$200.0K	$2.400M
YoY Change	-91.67%	-95.11%
Accrued Expenses	$49.20M	$35.80M
YoY Change	37.43%	1.13%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$105.0K	$100.0K
YoY Change	5.0%
Total Short-Term Liabilities	$49.50M	$38.50M
YoY Change	28.57%	-54.44%
LONG-TERM LIABILITIES
Long-Term Debt	$4.513B	$2.566B
YoY Change	75.87%	1.6%
Other Long-Term Liabilities	$199.6M	$126.1M
YoY Change	58.29%	199.52%
Total Long-Term Liabilities	$4.513B	$2.566B
YoY Change	75.87%	-0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities	$49.50M	$38.50M
Total Long-Term Liabilities	$4.513B	$2.566B
Total Liabilities	$4.763B	$2.652B
YoY Change	79.61%	-0.1%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.263B	-$1.047B
YoY Change	20.61%	10.94%
Common Stock	$3.649B	$911.4M
YoY Change	300.41%	4.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.386B	-$135.8M
YoY Change
Total Liabilities & Shareholders Equity	$7.149B	$2.516B
YoY Change	184.15%	-2.54%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$73.26M	$31.99M
YoY Change	129.03%	-13.53%
Depreciation, Depletion And Amortization	$27.02M	$27.62M
YoY Change	-2.17%	4.81%
Cash From Operating Activities	$106.4M	$61.30M
YoY Change	73.57%	31.83%
INVESTING ACTIVITIES
Capital Expenditures	$4.000K	$5.110M
YoY Change	-99.92%	-83.78%
Acquisitions
YoY Change
Other Investing Activities	$13.00M	$600.0K
YoY Change	2066.67%	-92.86%
Cash From Investing Activities	-$2.928B	-$5.200M
YoY Change	56211.54%	-78.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$825.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.784B	-70.30M
YoY Change	-4060.03%	139.12%
NET CHANGE
Cash From Operating Activities	106.4M	61.30M
Cash From Investing Activities	-2.928B	-5.200M
Cash From Financing Activities	2.784B	-70.30M
Net Change In Cash	-37.90M	-14.20M
YoY Change	166.9%	115.15%
FREE CASH FLOW
Cash From Operating Activities	$106.4M	$61.30M
Capital Expenditures	$4.000K	$5.110M
Free Cash Flow	$106.4M	$56.19M
YoY Change	89.35%	274.65%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	8632000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	556000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.70
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001575965
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	205121753	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Gaming & Leisure Properties, Inc.
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CY2016Q2	glpi	Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedinvestmentindirectfinancingleasenet Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedinvestmentindirectfinancingleasenet	2759244000	USD
CY2016Q2	glpi	Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedlandrightsnet Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedlandrightsnet	596920000	USD
CY2016Q2	glpi	Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedotherassets Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedotherassets	259000	USD
CY2016Q2	glpi	Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedprepaidexpenses Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedprepaidexpenses	111000	USD
CY2016Q2	glpi	Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedrealestateinvestmentsnet Assetacquisitionsrecognizedidentifiableassetsacquiredandliabilitiesassumedrealestateinvestmentsnet	1422547000	USD
CY2015Q4	glpi	Capital Leases Net Investmentin Direct Financing Leases Gross Investmentin Direct Financing Lease CapitalLeasesNetInvestmentinDirectFinancingLeasesGrossInvestmentinDirectFinancingLease	0	USD
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CY2015Q2	glpi	Cost Of Complimentary Services CostOfComplimentaryServices	580000	USD
	glpi	Cost Of Complimentary Services CostOfComplimentaryServices	1179000	USD
CY2016Q2	glpi	Cost Of Complimentary Services CostOfComplimentaryServices	595000	USD
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	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-14000	USD
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	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	726000	USD
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	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	30800000	USD
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	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	29900000	USD
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	us-gaap	Casino Revenue CasinoRevenue	70922000	USD
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CY2015Q2	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	500000	USD
	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	1100000	USD
CY2016Q2	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	300000	USD
	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	600000	USD
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.57
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.40
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.27
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.55
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.39
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.69
CY2015Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	13719000	USD
CY2016Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	12740000	USD
CY2015Q2	us-gaap	Food And Beverage Cost Of Sales FoodAndBeverageCostOfSales	2177000	USD
	us-gaap	Food And Beverage Cost Of Sales FoodAndBeverageCostOfSales	4361000	USD
CY2016Q2	us-gaap	Food And Beverage Cost Of Sales FoodAndBeverageCostOfSales	2084000	USD
	us-gaap	Food And Beverage Cost Of Sales FoodAndBeverageCostOfSales	4137000	USD
CY2015Q2	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	2855000	USD
	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	5670000	USD
CY2016Q2	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	2832000	USD
	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	5608000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-67000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	15000	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	23722000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	45261000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	22261000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	43167000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	75521000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	75521000	USD
CY2015Q4	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	0	USD
CY2016Q2	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	1541000	USD
CY2015Q4	us-gaap	Ground Leases Gross GroundLeasesGross	0	USD
CY2016Q2	us-gaap	Ground Leases Gross GroundLeasesGross	596921000	USD
CY2015Q4	us-gaap	Ground Leases Net GroundLeasesNet	0	USD
CY2016Q2	us-gaap	Ground Leases Net GroundLeasesNet	595380000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	33871000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	69704000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	75535000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	110288000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1882000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4584000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2271000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4275000	USD
CY2015Q2	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4425000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4425000	USD
CY2016Q2	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2796000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	3030000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-665000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-245000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	229000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	0	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3441000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-979000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	662000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-3638000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	4000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	12352000	USD
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-3390000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	4205000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-989000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	29585000	USD
	us-gaap	Interest Expense InterestExpense	59147000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	45936000	USD
	us-gaap	Interest Expense InterestExpense	79337000	USD
CY2015Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	29000000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	57967000	USD
CY2016Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	45282000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	78166000	USD
CY2015Q2	us-gaap	Interest Paid Net InterestPaidNet	52451000	USD
	us-gaap	Interest Paid Net InterestPaidNet	55066000	USD
CY2016Q2	us-gaap	Interest Paid Net InterestPaidNet	55732000	USD
	us-gaap	Interest Paid Net InterestPaidNet	58301000	USD
CY2015Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	17623000	USD
CY2016Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	29975000	USD
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2016Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2015Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1500000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2500000	USD
CY2016Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2800000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4200000	USD
CY2016Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	900000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	2701669000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	4762890000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2448155000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7149062000	USD
CY2016Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1825000000	USD
CY2016Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	679100000	USD
CY2015Q4	us-gaap	Loans Receivable Net LoansReceivableNet	29350000	USD
CY2016Q2	us-gaap	Loans Receivable Net LoansReceivableNet	27275000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	2510341000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	4513452000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive	1475761000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree	870225000	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	102000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	105000	USD
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	105000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2510239000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4513347000	USD
CY2016Q2	us-gaap	Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive	2225248000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-57967000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-4914000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-18136000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-155642000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2698644000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-11341000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-2927122000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	162069000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	210342000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	31989000	USD
	us-gaap	Net Income Loss NetIncomeLoss	65120000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	73264000	USD
	us-gaap	Net Income Loss NetIncomeLoss	106013000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	31858000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	64853000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	73094000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	105712000	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-29000000	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-45282000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-78166000	USD
CY2016Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	33	property
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	222136000	USD
CY2016Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	170405000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	282447000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	57721000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	70502000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2016Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	86996000	USD
	us-gaap	Operating Expenses OperatingExpenses	170901000	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	86544000	USD
	us-gaap	Operating Expenses OperatingExpenses	167727000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	62871000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	127671000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	120817000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	188454000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	527848000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	7543000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	8181000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	8632000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	8653000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	490485000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	20403712000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	613061000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	613061000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	600455000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	597935000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear	299766000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	17679434000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	4354000	USD
CY2015Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	111238000	USD
CY2015Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	387000	USD
CY2016Q2	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	1373000	USD
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	17687000	USD
CY2016Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	32992000	USD
CY2015Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	585000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1180000	USD
CY2016Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	654000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1171000	USD
CY2015Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	131000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	267000	USD
CY2016Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	170000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	301000	USD
CY2015Q2	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	775000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	1726000	USD
CY2016Q2	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	835000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	1197000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	37000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	125522000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	179122000	USD
CY2015Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	62072000	USD
CY2015Q2	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	62348000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	65345000	USD
CY2016Q2	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	113212000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	31908000	USD
CY2015Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5110000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10750000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	269000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	2940490000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	7908000	USD
CY2016Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6185000	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	0	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	12525000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	1075000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	2075000	USD
CY2016Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	825200000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2337000000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	97000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	234000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	12928000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	54527000	USD
CY2015Q2	us-gaap	Promotional Allowances PromotionalAllowances	1357000	USD
	us-gaap	Promotional Allowances PromotionalAllowances	2744000	USD
CY2016Q2	us-gaap	Promotional Allowances PromotionalAllowances	1415000	USD
	us-gaap	Promotional Allowances PromotionalAllowances	2796000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	261082000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	262176000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	129747000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	9163000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2649189000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	124246000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	660808000	USD
CY2016Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	708170000	USD
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2750867000	USD
CY2016Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4173421000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	2090059000	USD
CY2016Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3465251000	USD
CY2015Q2	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	13209000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	26964000	USD
CY2016Q2	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	16075000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	28282000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	43048000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	307051000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1189890000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1262999000	USD
CY2015Q2	us-gaap	Revenues Revenues	149867000	USD
	us-gaap	Revenues Revenues	298572000	USD
CY2016Q2	us-gaap	Revenues Revenues	207361000	USD
	us-gaap	Revenues Revenues	356181000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	8505000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	7115000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	56491000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-253514000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	2386172000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	27912000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	27912000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	31048000	USD
CY2016Q2	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	57887000	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119387000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119037000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	186982000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	153030000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114330000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114000000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	183965000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	150318000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gaming and Leisure Properties, Inc. ("GLPI") is a self-administered and self-managed Pennsylvania real estate investment trust ("REIT"). GLPI (together with its subsidiaries, the "Company") was incorporated on February 13, 2013, as a wholly-owned subsidiary of Penn National Gaming, Inc. ("Penn"). On November 1, 2013, Penn contributed to GLPI, through a series of internal corporate restructurings, substantially all of the assets and liabilities associated with Penn’s real property interests and real estate development business, as well as the assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville, which are referred to as the "TRS Properties," and then spun-off GLPI to holders of Penn's common and preferred stock in a tax-free distribution (the "Spin-Off"). The Company elected on its United States ("U.S.") federal income tax return for its taxable year beginning on January 1, 2014 to be treated as a REIT and the Company, together with an indirectly wholly-owned subsidiary of the Company, GLP Holdings, Inc., jointly elected to treat each of GLP Holdings, Inc., Louisiana Casino Cruises, Inc. (d/b/a Hollywood Casino Baton Rouge) and Penn Cecil Maryland, Inc. (d/b/a Hollywood Casino Perryville) as a "taxable REIT subsidiary" ("TRS") effective on the first day of the first taxable year of GLPI as a REIT. As a result of the Spin-Off, GLPI owns substantially all of Penn’s former real property assets and leases back most of those assets to Penn for use by its subsidiaries, under a master lease, a triple-net operating lease with an initial term of </font><font style="font-family:inherit;font-size:10pt;">15 years</font><font style="font-family:inherit;font-size:10pt;"> with no purchase option, followed by </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;">-year renewal options (exercisable by Penn) on the same terms and conditions (the "Penn Master Lease"), and GLPI also owns and operates the TRS Properties through an indirect wholly-owned subsidiary, GLP Holdings, Inc. In April 2016, the Company acquired substantially all of the real estate assets of Pinnacle Entertainment, Inc. ("Pinnacle") for approximately </font><font style="font-family:inherit;font-size:10pt;">$4.8 billion</font><font style="font-family:inherit;font-size:10pt;">. GLPI leases these assets back to Pinnacle, under a triple-net lease with an initial term of </font><font style="font-family:inherit;font-size:10pt;">10 years</font><font style="font-family:inherit;font-size:10pt;"> with no purchase option, followed by </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;">-year renewal options (exercisable by Pinnacle) on the same terms and conditions (the "Pinnacle Master Lease"). See Note 5 for further details surrounding the Pinnacle acquisition.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GLPI’s primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, GLPI’s portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">35</font><font style="font-family:inherit;font-size:10pt;"> gaming and related facilities, including the TRS Properties, the real property associated with </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;"> gaming and related facilities operated by Penn, the real property associated with </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> gaming and related facilities operated by Pinnacle and the real property associated with the Casino Queen in East St. Louis, Illinois.  These facilities are geographically diversified across </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> states and were </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> occupied at </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators under prudent terms, including its December 2015 announcement of the resolution of the previously disclosed litigation with The Meadows Racetrack and Casino (the "Meadows") and entry into an amended purchase agreement with Cannery Casino Resorts LLC ("CCR"), the owner of the Meadows. Furthermore, in March 2016, the Company announced it had entered into an agreement to sell the entities holding the Meadows gaming and racing licenses and operating assets to Pinnacle. GLPI will lease the the Meadows real property assets to Pinnacle under a triple-net lease separate from the Pinnacle Master Lease. Both transactions involving the Meadows are expected to close in September of 2016. However, we cannot predict the actual dates on which the transactions will be completed because each transaction is subject to conditions beyond the parties' control.</font></div></div>

Files In Submission

Name	View Source	Status
0001575965-16-000122-index-headers.html	Edgar Link	pending
0001575965-16-000122-index.html	Edgar Link	pending
0001575965-16-000122.txt	Edgar Link	pending
0001575965-16-000122-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
glpi-20160630.xml	Edgar Link	completed
glpi-20160630.xsd	Edgar Link	pending
glpi-20160630_cal.xml	Edgar Link	unprocessable
glpi-20160630_def.xml	Edgar Link	unprocessable
glpi-20160630_lab.xml	Edgar Link	unprocessable
glpi-20160630_pre.xml	Edgar Link	unprocessable
glpi-2016630exhibit311.htm	Edgar Link	pending
glpi-2016630exhibit312.htm	Edgar Link	pending
glpi-2016630exhibit321.htm	Edgar Link	pending
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$GLPI
Gaming & Leisure Properties, Inc. Stock $glpi

2016 Q2 Form 10-Q Financial Statement

#000157596516000122 Filed on August 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLPI Gaming & Leisure Properties, Inc. Stock $glpi

2016 Q2 Form 10-Q Financial Statement

#000157596516000122 Filed on August 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLPI
Gaming & Leisure Properties, Inc. Stock $glpi