2017 Q2 Form 10-Q Financial Statement
#000157596517000032 Filed on July 31, 2017
Income Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
Revenue | $243.4M | $207.4M |
YoY Change | 17.38% | 38.36% |
Cost Of Revenue | $45.00M | $37.30M |
YoY Change | 20.64% | 4.48% |
Gross Profit | $198.4M | $170.1M |
YoY Change | 16.64% | 48.95% |
Gross Profit Margin | 81.51% | 82.03% |
Selling, General & Admin | $14.70M | $22.30M |
YoY Change | -34.08% | -5.91% |
% of Gross Profit | 7.41% | 13.11% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $28.42M | $27.02M |
YoY Change | 5.2% | -2.17% |
% of Gross Profit | 14.33% | 15.88% |
Operating Expenses | $90.70M | $86.54M |
YoY Change | 4.8% | -0.52% |
Operating Profit | $152.7M | $120.8M |
YoY Change | 26.39% | 92.17% |
Interest Expense | $54.66M | $45.94M |
YoY Change | 18.99% | 55.27% |
% of Operating Profit | 35.79% | 38.02% |
Other Income/Expense, Net | -$54.17M | -$45.28M |
YoY Change | 19.63% | 56.14% |
Pretax Income | $98.53M | $75.54M |
YoY Change | 30.44% | 123.01% |
Income Tax | $2.192M | $2.271M |
% Of Pretax Income | 2.22% | 3.01% |
Net Earnings | $96.33M | $73.26M |
YoY Change | 31.49% | 129.03% |
Net Earnings / Revenue | 39.58% | 35.33% |
Basic Earnings Per Share | $0.46 | $0.40 |
Diluted Earnings Per Share | $0.45 | $0.39 |
COMMON SHARES | ||
Basic Shares Outstanding | 209.7M shares | 184.0M shares |
Diluted Shares Outstanding | 211.8M shares | 187.0M shares |
Balance Sheet
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $29.50M | $23.70M |
YoY Change | 24.47% | -23.79% |
Cash & Equivalents | $29.51M | $23.74M |
Short-Term Investments | ||
Other Short-Term Assets | $70.50M | |
YoY Change | 29.11% | |
Inventory | ||
Prepaid Expenses | $6.185M | |
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $29.50M | $23.70M |
YoY Change | 24.47% | -23.79% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $114.4M | $124.2M |
YoY Change | -7.91% | -7.79% |
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 | $655.2M | $604.9M |
YoY Change | 8.32% | 1347.13% |
Total Long-Term Assets | $7.328B | $7.125B |
YoY Change | 2.84% | 186.75% |
TOTAL ASSETS | ||
Total Short-Term Assets | $29.50M | $23.70M |
Total Long-Term Assets | $7.328B | $7.125B |
Total Assets | $7.357B | $7.149B |
YoY Change | 2.91% | 184.15% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $400.0K | $200.0K |
YoY Change | 100.0% | -91.67% |
Accrued Expenses | $45.40M | $49.20M |
YoY Change | -7.72% | 37.43% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $105.0K | |
YoY Change | 5.0% | |
Total Short-Term Liabilities | $45.80M | $49.50M |
YoY Change | -7.47% | 28.57% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.521B | $4.513B |
YoY Change | 0.18% | 75.87% |
Other Long-Term Liabilities | $270.9M | $199.6M |
YoY Change | 35.72% | 58.29% |
Total Long-Term Liabilities | $4.792B | $4.513B |
YoY Change | 6.18% | 75.87% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $45.80M | $49.50M |
Total Long-Term Liabilities | $4.792B | $4.513B |
Total Liabilities | $4.838B | $4.763B |
YoY Change | 1.59% | 79.61% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$1.400B | -$1.263B |
YoY Change | 10.82% | 20.61% |
Common Stock | $3.918B | $3.649B |
YoY Change | 7.38% | 300.41% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.519B | $2.386B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $7.357B | $7.149B |
YoY Change | 2.91% | 184.15% |
Cashflow Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $96.33M | $73.26M |
YoY Change | 31.49% | 129.03% |
Depreciation, Depletion And Amortization | $28.42M | $27.02M |
YoY Change | 5.2% | -2.17% |
Cash From Operating Activities | $107.5M | $106.4M |
YoY Change | 1.03% | 73.57% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $60.00K | $4.000K |
YoY Change | 1400.0% | -99.92% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $18.30M | $13.00M |
YoY Change | 40.77% | 2066.67% |
Cash From Investing Activities | -$57.70M | -$2.928B |
YoY Change | -98.03% | 56211.54% |
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 | -43.70M | 2.784B |
YoY Change | -101.57% | -4060.03% |
NET CHANGE | ||
Cash From Operating Activities | 107.5M | 106.4M |
Cash From Investing Activities | -57.70M | -2.928B |
Cash From Financing Activities | -43.70M | 2.784B |
Net Change In Cash | 6.100M | -37.90M |
YoY Change | -116.09% | 166.9% |
FREE CASH FLOW | ||
Cash From Operating Activities | $107.5M | $106.4M |
Capital Expenditures | $60.00K | $4.000K |
Free Cash Flow | $107.4M | $106.4M |
YoY Change | 0.98% | 89.35% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.24 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
703000 | USD | |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-06-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
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Entity Central Index Key
EntityCentralIndexKey
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0001575965 | ||
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
212486894 | 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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Capital Leases Net Investmentin Direct Financing Leases Gross Investmentin Direct Financing Lease
CapitalLeasesNetInvestmentinDirectFinancingLeasesGrossInvestmentinDirectFinancingLease
|
4094942000 | USD |
CY2017Q2 | glpi |
Capital Leases Net Investmentin Direct Financing Leases Gross Investmentin Direct Financing Lease
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|
4024652000 | USD |
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Gamingand Admission Taxes
GamingandAdmissionTaxes
|
15200000 | USD |
glpi |
Gamingand Admission Taxes
GamingandAdmissionTaxes
|
29900000 | USD | |
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Gamingand Admission Taxes
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Debt Instrument Carrying Amount
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Depreciation
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|
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Dividend Payable Date To Be Paid Day Month And Year
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|
2016-03-25 | |
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Dividend Payable Date To Be Paid Day Month And Year
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|
2016-06-17 | |
CY2017Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2017-03-24 | |
CY2017Q2 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2017-06-30 | |
us-gaap |
Dividends
Dividends
|
261071000 | USD | |
CY2016Q1 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2016-01-29 | |
CY2016Q2 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2016-04-25 | |
CY2017Q1 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2017-02-01 | |
CY2017Q2 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2017-04-25 | |
CY2016Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2016-02-22 | |
CY2016Q2 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2016-06-02 | |
CY2017Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2017-03-13 | |
CY2017Q2 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2017-06-16 | |
CY2016Q2 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
300000 | USD |
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
600000 | USD | |
CY2017Q2 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
200000 | USD |
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
500000 | USD | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.40 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | ||
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.46 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.91 | ||
CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.69 | ||
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.45 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.90 | ||
CY2016Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
10619000 | USD |
CY2017Q2 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
4825000 | USD |
CY2016Q2 | us-gaap |
Food And Beverage Revenue
FoodAndBeverageRevenue
|
2832000 | USD |
us-gaap |
Food And Beverage Revenue
FoodAndBeverageRevenue
|
5608000 | USD | |
CY2017Q2 | us-gaap |
Food And Beverage Revenue
FoodAndBeverageRevenue
|
2450000 | USD |
us-gaap |
Food And Beverage Revenue
FoodAndBeverageRevenue
|
4895000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
15000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-94000 | USD | |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
22261000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
43167000 | USD | |
CY2017Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20691000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
41922000 | USD | |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
75521000 | USD |
CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
75521000 | USD |
CY2016Q4 | us-gaap |
Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
|
6163000 | USD |
CY2017Q2 | us-gaap |
Ground Leases Accumulated Amortization
GroundLeasesAccumulatedAmortization
|
11063000 | USD |
CY2016Q4 | us-gaap |
Ground Leases Gross
GroundLeasesGross
|
596921000 | USD |
CY2017Q2 | us-gaap |
Ground Leases Gross
GroundLeasesGross
|
656666000 | USD |
CY2016Q4 | us-gaap |
Ground Leases Net
GroundLeasesNet
|
590758000 | USD |
CY2017Q2 | us-gaap |
Ground Leases Net
GroundLeasesNet
|
645603000 | 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 | |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
98526000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
195047000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2271000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4275000 | USD | |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2192000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4722000 | USD | |
CY2016Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2796000 | USD |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3030000 | USD | |
CY2017Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6424000 | USD |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6424000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-245000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-704000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-979000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-5794000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1482000 | USD | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-573000 | USD | |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
9577000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
9577000 | USD |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
12352000 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-571000 | USD | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-3638000 | USD | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
837000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
45936000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
79337000 | USD | |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
54657000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
108606000 | USD | |
CY2016Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
45282000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
78166000 | USD | |
CY2017Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
54170000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
107655000 | USD | |
CY2016Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
55732000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
58301000 | USD | |
CY2017Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
93874000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
102613000 | USD | |
CY2016Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
33743000 | USD |
CY2017Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
33172000 | USD |
CY2016Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2017Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2017Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
400000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
4935461000 | USD |
CY2017Q2 | us-gaap |
Liabilities
Liabilities
|
4838453000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7369330000 | USD |
CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7357220000 | USD |
CY2017Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1825000000 | USD |
CY2017Q2 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
684600000 | USD |
CY2016Q4 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
26200000 | USD |
CY2017Q2 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
13000000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4664965000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
4521423000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1475654000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree
|
865246000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
115000 | USD |
CY2017Q2 | us-gaap |
Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five
LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive
|
2225271000 | USD |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-18136000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-7046000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
2698644000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-263681000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2927122000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-35605000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
210342000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
292240000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
73264000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
106013000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
96334000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
190325000 | 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 | |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
96175000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
190010000 | USD | |
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-45282000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-78166000 | USD | |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-54170000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-107655000 | USD | |
CY2017Q2 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
36 | property |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2017Q2 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
14 | state |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
86544000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
167727000 | USD | |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
90695000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
183402000 | USD | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
120817000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
188454000 | USD | |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
152696000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
302702000 | USD | |
CY2016Q2 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
170405000 | USD |
us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
282447000 | USD | |
CY2017Q2 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
207119000 | USD |
us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
411824000 | USD | |
CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
50090000 | USD |
CY2017Q2 | us-gaap |
Other Assets
OtherAssets
|
72795000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
19564000 | USD |
CY2017Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
22865000 | USD |
CY2016Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
654000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1171000 | USD | |
CY2017Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
487000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
951000 | 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 | |
CY2017Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
159000 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
315000 | USD | |
CY2016Q2 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
835000 | USD |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1197000 | USD | |
CY2017Q2 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1245000 | USD |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1727000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
179122000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
261071000 | USD | |
CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
65345000 | USD |
CY2016Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
113212000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
129007000 | USD |
CY2017Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
131554000 | USD |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
31908000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | 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 | |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
60000 | USD |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
68000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
2940490000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
82866000 | USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
7477000 | USD |
CY2017Q2 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
4379000 | USD |
us-gaap |
Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
|
12525000 | USD | |
us-gaap |
Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
|
35845000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
2075000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
13200000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2337000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
100000000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
234000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
54527000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
8065000 | USD | |
CY2016Q2 | us-gaap |
Promotional Allowances
PromotionalAllowances
|
1415000 | USD |
us-gaap |
Promotional Allowances
PromotionalAllowances
|
2796000 | USD | |
CY2017Q2 | us-gaap |
Promotional Allowances
PromotionalAllowances
|
1217000 | USD |
us-gaap |
Promotional Allowances
PromotionalAllowances
|
2469000 | USD | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
263610000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
262310000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
119427000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
114413000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
756881000 | USD |
CY2017Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
806892000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
4495972000 | USD |
CY2017Q2 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
4519202000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
3739091000 | USD |
CY2017Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
3712310000 | USD |
CY2016Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
16075000 | USD |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
28282000 | USD | |
CY2017Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
20912000 | USD |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
43055000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
307051000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
250055000 | USD | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1328937000 | USD |
CY2017Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1399683000 | USD |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
207361000 | USD |
us-gaap |
Revenues
Revenues
|
356181000 | USD | |
CY2017Q2 | us-gaap |
Revenues
Revenues
|
243391000 | USD |
us-gaap |
Revenues
Revenues
|
486104000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9163000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8256000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
139379000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
5392000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
10873000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2433869000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2518767000 | USD |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
27912000 | USD | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
32738000 | USD | |
CY2016Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
51376000 | USD |
CY2017Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
44863000 | USD |
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 | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
211802000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
210824000 | 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 | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
209747000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
208818000 | 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 its indirect 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. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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;"> (expiring October 31, 2028) 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;"> (expiring April 30, 2026) 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" and together with the Penn Master Lease, the "Master Leases"). </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, 2017</font><font style="font-family:inherit;font-size:10pt;">, GLPI’s portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">38</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;">20</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;">15</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, 2017</font><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;"><br clear="none"/></font></div><div style="line-height:120%;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. For example, on May 1, 2017 the Company purchased the real property assets of Bally's Casino Tunica and Resorts Casino Tunica (the "Tunica Properties") for </font><font style="font-family:inherit;font-size:10pt;">$82.9 million</font><font style="font-family:inherit;font-size:10pt;">. Penn purchased the operating assets of the Tunica Properties directly from the seller, operates both properties and leases the real property assets from the Company under the Penn Master Lease. The initial annual cash rent of </font><font style="font-family:inherit;font-size:10pt;">$9.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the Tunica Properties will be subject to rent escalators and adjustments consistent with the other properties under the Penn Master Lease. See Note 5 for additional information on the acquisition of the Tunica Properties.</font></div></div> |