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

$glpi Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000157596517000036 Filed on October 27, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$240.7M	$244.5M	$233.3M
YoY Change	0.79%	4.81%	57.84%
Cost Of Revenue	$59.90M	$41.60M	$41.00M
YoY Change	47.9%	1.46%	14.85%
Gross Profit	$180.8M	$202.9M	$192.3M
YoY Change	-8.83%	5.51%	71.54%
Gross Profit Margin	75.12%	82.98%	82.43%
Selling, General & Admin	-$300.0K	$18.80M	$21.80M
YoY Change	-101.42%	-13.76%	12.95%
% of Gross Profit	-0.17%	9.27%	11.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.90M	$28.63M	$27.17M
YoY Change	0.98%	5.4%	-1.42%
% of Gross Profit	17.09%	14.11%	14.13%
Operating Expenses	$30.70M	$91.81M	$89.97M
YoY Change	-37.85%	2.04%	9.05%
Operating Profit	$150.1M	$152.7M	$143.3M
YoY Change	0.84%	6.55%	119.49%
Interest Expense	-$53.50M	$54.49M	$52.88M
YoY Change	0.56%	3.05%	69.35%
% of Operating Profit	-35.64%	35.69%	36.9%
Other Income/Expense, Net		-$54.00M	-$52.40M
YoY Change		3.06%	70.99%
Pretax Income	$96.60M	$98.70M	$90.91M
YoY Change	0.94%	8.57%	162.39%
Income Tax	$1.600M	$1.684M	$1.307M
% Of Pretax Income	1.66%	1.71%	1.44%
Net Earnings	$93.26M	$97.01M	$89.60M
YoY Change	-0.46%	8.27%	169.64%
Net Earnings / Revenue	38.75%	39.68%	38.41%
Basic Earnings Per Share	$0.44	$0.46	$0.43
Diluted Earnings Per Share	$0.43	$0.45	$0.43
COMMON SHARES
Basic Shares Outstanding	212.6M shares	212.5M shares	205.8M shares
Diluted Shares Outstanding		214.6M shares	207.9M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$29.10M	$43.60M	$25.40M
YoY Change	-20.49%	71.65%	-40.52%
Cash & Equivalents	$29.05M	$43.63M	$25.36M
Short-Term Investments
Other Short-Term Assets			$57.98M
YoY Change			-4.69%
Inventory
Prepaid Expenses			$9.511M
Receivables
Other Receivables
Total Short-Term Assets	$29.10M	$43.60M	$25.40M
YoY Change	-20.49%	71.65%	-40.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$108.3M	$110.2M	$121.4M
YoY Change	-9.32%	-9.19%	-7.99%
Goodwill	$75.52M	$75.52M	$75.52M
YoY Change	0.0%	0.0%	0.0%
Intangibles	$9.600M	$9.577M	$9.577M
YoY Change	0.24%	0.0%	0.0%
Long-Term Investments
YoY Change
Other Assets	$653.1M	$658.5M	$606.0M
YoY Change	8.45%	8.66%	1126.72%
Total Long-Term Assets	$7.218B	$7.291B	$7.396B
YoY Change	-1.57%	-1.42%	199.02%
TOTAL ASSETS
Total Short-Term Assets	$29.10M	$43.60M	$25.40M
Total Long-Term Assets	$7.218B	$7.291B	$7.396B
Total Assets	$7.247B	$7.335B	$7.421B
YoY Change	-1.66%	-1.17%	194.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$700.0K	$400.0K	$600.0K
YoY Change	-36.36%	-33.33%	-76.92%
Accrued Expenses	$52.00M	$90.80M	$88.90M
YoY Change	1.96%	2.14%	40.66%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$106.0K
YoY Change			4.95%
Total Short-Term Liabilities	$52.70M	$91.20M	$89.60M
YoY Change	1.15%	1.79%	35.96%
LONG-TERM LIABILITIES
Long-Term Debt	$4.443B	$4.450B	$4.662B
YoY Change	-4.76%	-4.55%	83.43%
Other Long-Term Liabilities	$292.8M	$300.5M	$220.2M
YoY Change	34.19%	36.47%	51.76%
Total Long-Term Liabilities	$4.736B	$4.750B	$4.662B
YoY Change	1.52%	1.9%	83.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$52.70M	$91.20M	$89.60M
Total Long-Term Liabilities	$4.736B	$4.750B	$4.662B
Total Liabilities	$4.789B	$4.842B	$4.972B
YoY Change	-2.97%	-2.61%	80.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.478B	-$1.437B	-$1.298B
YoY Change	11.19%	10.7%	12.24%
Common Stock	$3.936B	$3.930B	$3.748B
YoY Change	4.6%	4.87%	307.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.458B	$2.493B	$2.450B
YoY Change
Total Liabilities & Shareholders Equity	$7.247B	$7.335B	$7.421B
YoY Change	-1.66%	-1.17%	194.95%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$93.26M	$97.01M	$89.60M
YoY Change	-0.46%	8.27%	169.64%
Depreciation, Depletion And Amortization	$30.90M	$28.63M	$27.17M
YoY Change	0.98%	5.4%	-1.42%
Cash From Operating Activities	$109.6M	$196.9M	$195.1M
YoY Change	0.55%	0.92%	86.34%
INVESTING ACTIVITIES
Capital Expenditures	-$1.000M	$10.00K	$54.00K
YoY Change	-56.52%	-81.48%	-98.17%
Acquisitions
YoY Change
Other Investing Activities	$18.60M	$19.50M	$19.50M
YoY Change	0.54%	0.0%	3150.0%
Cash From Investing Activities	$17.60M	$18.70M	-$307.8M
YoY Change	7.98%	-106.08%	10892.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-141.8M	-201.4M	114.3M
YoY Change	24.39%	-276.2%	-226.44%
NET CHANGE
Cash From Operating Activities	109.6M	196.9M	195.1M
Cash From Investing Activities	17.60M	18.70M	-307.8M
Cash From Financing Activities	-141.8M	-201.4M	114.3M
Net Change In Cash	-14.60M	14.20M	1.600M
YoY Change	-229.2%	787.5%	-86.09%
FREE CASH FLOW
Cash From Operating Activities	$109.6M	$196.9M	$195.1M
Capital Expenditures	-$1.000M	$10.00K	$54.00K
Free Cash Flow	$110.6M	$196.9M	$195.0M
YoY Change	-0.63%	0.95%	91.69%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001575965
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	212603307	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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CY2016Q3	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	13900000	USD
	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	43900000	USD
CY2017Q3	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	14400000	USD
	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	44100000	USD
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CY2016Q3	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	200000	USD
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	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	700000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.43
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.15
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.37
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.43
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.14
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.45
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.35
CY2016Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	10619000	USD
CY2017Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	6884000	USD
CY2016Q3	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	2613000	USD
	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	8221000	USD
CY2017Q3	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	2313000	USD
	us-gaap	Food And Beverage Revenue FoodAndBeverageRevenue	7208000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	460000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-515000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21821000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	64988000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21534000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	63456000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	75521000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	75521000	USD
CY2016Q4	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	6163000	USD
CY2017Q3	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	13790000	USD
CY2016Q4	us-gaap	Ground Leases Gross GroundLeasesGross	596921000	USD
CY2017Q3	us-gaap	Ground Leases Gross GroundLeasesGross	656666000	USD
CY2016Q4	us-gaap	Ground Leases Net GroundLeasesNet	590758000	USD
CY2017Q3	us-gaap	Ground Leases Net GroundLeasesNet	642876000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	90907000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	201195000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	98698000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	293745000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1307000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5582000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1684000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6406000	USD
CY2016Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1608000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4638000	USD
CY2017Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2571000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8995000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	42138000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	57000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-701000	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	-5498000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3735000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	55744000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-4123000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	37000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1093000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	3177000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-9935000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1504000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	840000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-231000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	52880000	USD
	us-gaap	Interest Expense InterestExpense	132217000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	54493000	USD
	us-gaap	Interest Expense InterestExpense	163099000	USD
CY2016Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	52399000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	130565000	USD
CY2017Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	54001000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	161656000	USD
CY2016Q3	us-gaap	Interest Paid Net InterestPaidNet	6201000	USD
	us-gaap	Interest Paid Net InterestPaidNet	64502000	USD
CY2017Q3	us-gaap	Interest Paid Net InterestPaidNet	8503000	USD
	us-gaap	Interest Paid Net InterestPaidNet	111116000	USD
CY2016Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	33743000	USD
CY2017Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	75881000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2017Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2017Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	400000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	4935461000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	4841704000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7369330000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7334808000	USD
CY2017Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1825000000	USD
CY2017Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	699600000	USD
CY2016Q4	us-gaap	Loans Receivable Net LoansReceivableNet	26200000	USD
CY2017Q3	us-gaap	Loans Receivable Net LoansReceivableNet	13000000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	4664965000	USD
CY2017Q3	us-gaap	Long Term Debt LongTermDebt	4449652000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive	1475619000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree	790249000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths	116000	USD
CY2017Q3	us-gaap	Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive	2225274000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-16516000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	7078000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2812906000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-465082000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-3234867000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-16944000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	405445000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	489104000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	89600000	USD
	us-gaap	Net Income Loss NetIncomeLoss	195613000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	97014000	USD
	us-gaap	Net Income Loss NetIncomeLoss	287339000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	89416000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	195124000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	96857000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	286869000	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-52399000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-130565000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-54001000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-161656000	USD
CY2017Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	36	property
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2017Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	89969000	USD
	us-gaap	Operating Expenses OperatingExpenses	257696000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	91807000	USD
	us-gaap	Operating Expenses OperatingExpenses	275209000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	143306000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	331760000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	152699000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	455401000	USD
CY2016Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	199257000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	481704000	USD
CY2017Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	209489000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	621313000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	50090000	USD
CY2017Q3	us-gaap	Other Assets OtherAssets	80738000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	19564000	USD
CY2017Q3	us-gaap	Other Liabilities OtherLiabilities	23559000	USD
CY2016Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	481000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1652000	USD
CY2017Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	492000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1443000	USD
CY2016Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	184000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	489000	USD
CY2017Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	157000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	470000	USD
CY2016Q3	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	496000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	1693000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	395210000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	65345000	USD
CY2016Q2	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	113212000	USD
CY2017Q3	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	460000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	2187000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	303639000	USD
CY2016Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	124262000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	129007000	USD
CY2017Q2	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	131554000	USD
CY2017Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	133936000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	31908000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	54000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	323000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	78000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	3267123000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	83252000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	7477000	USD
CY2017Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	9762000	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	30529000	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	54459000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	2612000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	13200000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2502000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	100000000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1131000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	914000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	102598000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	15797000	USD
CY2016Q3	us-gaap	Promotional Allowances PromotionalAllowances	1365000	USD
	us-gaap	Promotional Allowances PromotionalAllowances	4161000	USD
CY2017Q3	us-gaap	Promotional Allowances PromotionalAllowances	1181000	USD
	us-gaap	Promotional Allowances PromotionalAllowances	3650000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	263610000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	260721000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	119427000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	110231000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	756881000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	832192000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4495972000	USD
CY2017Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4519511000	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	168955000	shares
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	2493104000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	42429000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	49355000	USD
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	51376000	USD
CY2017Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	41606000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	207876000	shares
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3739091000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3687319000	USD
CY2016Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	20866000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	49148000	USD
CY2017Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	21751000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	64806000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	327076000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	325083000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1328937000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1436808000	USD
CY2016Q3	us-gaap	Revenues Revenues	233275000	USD
	us-gaap	Revenues Revenues	589456000	USD
CY2017Q3	us-gaap	Revenues Revenues	244506000	USD
	us-gaap	Revenues Revenues	730610000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	13804000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11951000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	139414000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	9051000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	18641000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	2433869000	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	212098000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	171549000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	214553000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	205826000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	212500000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	210059000	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 unitary 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 unitary 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;">September 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;">September 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>

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0001575965-17-000036-index-headers.html	Edgar Link	pending
0001575965-17-000036-index.html	Edgar Link	pending
0001575965-17-000036.txt	Edgar Link	pending
0001575965-17-000036-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
glpi-20170930.xml	Edgar Link	completed
glpi-20170930.xsd	Edgar Link	pending
glpi-20170930_cal.xml	Edgar Link	unprocessable
glpi-20170930_def.xml	Edgar Link	unprocessable
glpi-20170930_lab.xml	Edgar Link	unprocessable
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glpi-2017930exhibit311.htm	Edgar Link	pending
glpi-2017930exhibit312.htm	Edgar Link	pending
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$GLPI
Gaming & Leisure Properties, Inc. Stock $glpi

2017 Q4 Form 10-Q Financial Statement

#000157596517000036 Filed on October 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2017 Q4 Form 10-Q Financial Statement

#000157596517000036 Filed on October 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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