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

$glpi Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-Q Financial Statement

#000157596518000024 Filed on November 01, 2018

Income Statement

Concept	2018 Q4	2018 Q3	2017 Q3
Revenue	$303.3M	$254.1M	$244.5M
YoY Change	26.02%	3.94%	4.81%
Cost Of Revenue	$47.10M	$44.30M	$41.60M
YoY Change	-21.37%	6.49%	1.46%
Gross Profit	$256.2M	$209.8M	$202.9M
YoY Change	41.7%	3.4%	5.51%
Gross Profit Margin	84.47%	82.55%	82.98%
Selling, General & Admin	$14.90M	$15.00M	$18.80M
YoY Change	-5066.67%	-20.21%	-13.76%
% of Gross Profit	5.82%	7.15%	9.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$54.40M	$27.27M	$28.63M
YoY Change	76.05%	-4.77%	5.4%
% of Gross Profit	21.23%	13.0%	14.11%
Operating Expenses	$72.80M	$89.31M	$91.81M
YoY Change	137.13%	-2.73%	2.04%
Operating Profit	$123.9M	$164.8M	$152.7M
YoY Change	-17.48%	7.95%	6.55%
Interest Expense	-$77.20M	$60.34M	$54.49M
YoY Change	44.3%	10.73%	3.05%
% of Operating Profit	-62.32%	36.61%	35.69%
Other Income/Expense, Net		-$58.92M	-$54.00M
YoY Change		9.11%	3.06%
Pretax Income	$46.70M	$105.9M	$98.70M
YoY Change	-51.66%	7.31%	8.57%
Income Tax	$800.0K	$1.096M	$1.684M
% Of Pretax Income	1.71%	1.03%	1.71%
Net Earnings	$45.93M	$93.01M	$97.01M
YoY Change	-50.75%	-4.13%	8.27%
Net Earnings / Revenue	15.14%	36.6%	39.68%
Basic Earnings Per Share	$0.21	$0.49	$0.46
Diluted Earnings Per Share	$0.21	$0.49	$0.45
COMMON SHARES
Basic Shares Outstanding	214.1M shares	213.9M shares	212.5M shares
Diluted Shares Outstanding		214.9M shares	214.6M shares

Balance Sheet

Concept	2018 Q4	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$25.80M	$1.163B	$43.60M
YoY Change	-11.34%	2566.97%	71.65%
Cash & Equivalents	$25.78M	$1.163B	$43.63M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$25.80M	$1.163B	$43.60M
YoY Change	-11.34%	2566.97%	71.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$100.9M	$102.4M	$110.2M
YoY Change	-6.84%	-7.08%	-9.19%
Goodwill	$16.07M	$75.52M	$75.52M
YoY Change	-78.73%	0.0%	0.0%
Intangibles	$9.577M	$9.577M	$9.577M
YoY Change	-0.24%	0.0%	0.0%
Long-Term Investments
YoY Change
Other Assets	$709.4M	$647.0M	$658.5M
YoY Change	8.62%	-1.75%	8.66%
Total Long-Term Assets	$8.551B	$7.133B	$7.291B
YoY Change	18.48%	-2.17%	-1.42%
TOTAL ASSETS
Total Short-Term Assets	$25.80M	$1.163B	$43.60M
Total Long-Term Assets	$8.551B	$7.133B	$7.291B
Total Assets	$8.577B	$8.296B	$7.335B
YoY Change	18.36%	13.1%	-1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.500M	$1.900M	$400.0K
YoY Change	257.14%	375.0%	-33.33%
Accrued Expenses	$92.60M	$115.8M	$90.80M
YoY Change	78.08%	27.53%	2.14%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$95.10M	$117.7M	$91.20M
YoY Change	80.46%	29.06%	1.79%
LONG-TERM LIABILITIES
Long-Term Debt	$5.854B	$5.449B	$4.450B
YoY Change	31.75%	22.46%	-4.55%
Other Long-Term Liabilities	$362.8M	$370.4M	$300.5M
YoY Change	23.91%	23.26%	36.47%
Total Long-Term Liabilities	$6.216B	$5.820B	$4.750B
YoY Change	31.26%	22.51%	1.9%
TOTAL LIABILITIES
Total Short-Term Liabilities	$95.10M	$117.7M	$91.20M
Total Long-Term Liabilities	$6.216B	$5.820B	$4.750B
Total Liabilities	$6.312B	$5.938B	$4.842B
YoY Change	31.81%	22.63%	-2.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.689B	-$1.589B	-$1.437B
YoY Change	14.3%	10.6%	10.7%
Common Stock	$3.955B	$3.948B	$3.930B
YoY Change	0.47%	0.45%	4.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.266B	$2.208B	$2.493B
YoY Change
Total Liabilities & Shareholders Equity	$8.577B	$8.296B	$7.335B
YoY Change	18.36%	13.1%	-1.17%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	$45.93M	$93.01M	$97.01M
YoY Change	-50.75%	-4.13%	8.27%
Depreciation, Depletion And Amortization	$54.40M	$27.27M	$28.63M
YoY Change	76.05%	-4.77%	5.4%
Cash From Operating Activities	$136.2M	$212.6M	$196.9M
YoY Change	24.27%	7.97%	0.92%
INVESTING ACTIVITIES
Capital Expenditures	-$1.229B	$6.000K	$10.00K
YoY Change	122830.0%	-40.0%	-81.48%
Acquisitions
YoY Change
Other Investing Activities	-$302.4M	$10.90M	$19.50M
YoY Change	-1725.81%	-44.1%	0.0%
Cash From Investing Activities	-$1.532B	-$5.600M	$18.70M
YoY Change	-8802.84%	-129.95%	-106.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	258.5M	811.3M	-201.4M
YoY Change	-282.3%	-502.83%	-276.2%
NET CHANGE
Cash From Operating Activities	136.2M	212.6M	196.9M
Cash From Investing Activities	-1.532B	-5.600M	18.70M
Cash From Financing Activities	258.5M	811.3M	-201.4M
Net Change In Cash	-1.137B	1.018B	14.20M
YoY Change	7687.67%	7071.13%	787.5%
FREE CASH FLOW
Cash From Operating Activities	$136.2M	$212.6M	$196.9M
Capital Expenditures	-$1.229B	$6.000K	$10.00K
Free Cash Flow	$1.366B	$212.6M	$196.9M
YoY Change	1134.63%	7.98%	0.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7246882000	USD
CY2018Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8295898000	USD
CY2018Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	1099600000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-299000	USD
	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	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001575965
CY2018Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	214090856	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Gaming & Leisure Properties, Inc.
	dei	Entity Small Business EntitySmallBusiness	false
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CY2017Q3	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	14400000	USD
	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	44100000	USD
CY2018Q3	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	13800000	USD
	glpi	Gamingand Admission Taxes GamingandAdmissionTaxes	43100000	USD
CY2017Q3	glpi	Gamingfoodbeverageandotherexpense Gamingfoodbeverageandotherexpense	19890000	USD
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CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.37
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.45
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.35
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.49
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.37
CY2017Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	10809000	USD
CY2018Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	14835000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-515000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-354000	USD
CY2017Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2018Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-3473000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15117000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	45829000	USD
CY2018Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15006000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	56272000	USD
CY2017Q4	us-gaap	Goodwill Goodwill	75521000	USD
CY2018Q3	us-gaap	Goodwill Goodwill	75521000	USD
CY2017Q4	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	16518000	USD
CY2018Q3	us-gaap	Ground Leases Accumulated Amortization GroundLeasesAccumulatedAmortization	24700000	USD
CY2017Q4	us-gaap	Ground Leases Gross GroundLeasesGross	656666000	USD
CY2018Q3	us-gaap	Ground Leases Gross GroundLeasesGross	656666000	USD
CY2017Q4	us-gaap	Ground Leases Net GroundLeasesNet	640148000	USD
CY2018Q3	us-gaap	Ground Leases Net GroundLeasesNet	631966000	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
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	105911000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	297779000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1684000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6406000	USD
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1096000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4194000	USD
CY2017Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2571000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8995000	USD
CY2018Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1517000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4189000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-701000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1136000	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	-3735000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	4026000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	42138000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	58852000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	37000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	484000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	3177000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	882000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1504000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	774000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-231000	USD
	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	258000	USD
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
CY2018Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9577000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	54493000	USD
	us-gaap	Interest Expense InterestExpense	163099000	USD
CY2018Q3	us-gaap	Interest Expense InterestExpense	60341000	USD
	us-gaap	Interest Expense InterestExpense	171464000	USD
CY2017Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	54001000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	161656000	USD
CY2018Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	58923000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	168674000	USD
CY2017Q3	us-gaap	Interest Paid Net InterestPaidNet	8503000	USD
	us-gaap	Interest Paid Net InterestPaidNet	111116000	USD
CY2018Q3	us-gaap	Interest Paid Net InterestPaidNet	7234000	USD
	us-gaap	Interest Paid Net InterestPaidNet	109644000	USD
CY2017Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	33241000	USD
CY2018Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	92093000	USD
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2018Q3	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2018Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	400000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	4788635000	USD
CY2017Q4	us-gaap	Loans Receivable Net LoansReceivableNet	13000000	USD
CY2018Q3	us-gaap	Loans Receivable Net LoansReceivableNet	13991000	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	4442880000	USD
CY2018Q3	us-gaap	Long Term Debt LongTermDebt	5449147000	USD
CY2018Q3	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive	3575472000	USD
CY2018Q3	us-gaap	Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree	1925261000	USD
CY2018Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths	122000	USD
CY2018Q3	us-gaap	Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive	287000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-465082000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	593641000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16944000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	21861000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	489104000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	518218000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	97014000	USD
	us-gaap	Net Income Loss NetIncomeLoss	287339000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	104815000	USD
	us-gaap	Net Income Loss NetIncomeLoss	293585000	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
CY2018Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	104668000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	293174000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-54001000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-161656000	USD
CY2018Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-58923000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-172147000	USD
CY2018Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	36	property
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2018Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	91807000	USD
	us-gaap	Operating Expenses OperatingExpenses	275209000	USD
CY2018Q3	us-gaap	Operating Expenses OperatingExpenses	89305000	USD
	us-gaap	Operating Expenses OperatingExpenses	282484000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	152699000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	455401000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	164834000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	469926000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	58675000	USD
CY2018Q3	us-gaap	Other Assets OtherAssets	99569000	USD
CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	25411000	USD
CY2018Q3	us-gaap	Other Liabilities OtherLiabilities	27375000	USD
CY2017Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	492000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1443000	USD
CY2018Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1418000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	2790000	USD
CY2017Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	157000	USD
CY2018Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	8452000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	30889000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	83252000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	15552000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	78000	USD
CY2018Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	470000	USD
CY2018Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	147000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	411000	USD
CY2017Q3	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	460000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	2187000	USD
CY2018Q3	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	970000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	2954000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	395210000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	404602000	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
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	134490000	USD
CY2018Q2	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	134631000	USD
CY2018Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	134844000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	10061000	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	54459000	USD
	us-gaap	Proceeds From Collection Of Lease Receivables ProceedsFromCollectionOfLeaseReceivables	37241000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	13200000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	100000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2107405000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	914000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	3146000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	261542000	USD
CY2018Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	263495000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	108293000	USD
CY2018Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	102429000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	857456000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	931612000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4519501000	USD
CY2018Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4516251000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3662045000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3584639000	USD
CY2017Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	21751000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	64806000	USD
CY2018Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	21586000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	64981000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	325083000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1080087000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1477709000	USD
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1589136000	USD
CY2017Q3	us-gaap	Revenues Revenues	244506000	USD
	us-gaap	Revenues Revenues	730610000	USD
CY2018Q3	us-gaap	Revenues Revenues	254139000	USD
	us-gaap	Revenues Revenues	752410000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11951000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7878000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-4398000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	15974000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	2458247000	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	2358396000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	49355000	USD
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	49150000	USD
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	214553000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	212098000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	214872000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	214718000	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
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	213876000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	213589000	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 that began on January 1, 2014 to be treated as a REIT and GLPI, together with its indirect wholly-owned subsidiary, 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, 2018</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, 2018</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 October 1, 2018, the Company closed its previously announced transaction to acquire certain real property assets from Tropicana Entertainment Inc. (“Tropicana”) and certain of its affiliates pursuant to a Purchase and Sale Agreement (the “Real Estate Purchase Agreement”) dated April 15, 2018 between Tropicana and GLP Capital L.P., the operating partnership of  GLPI (“GLP Capital”), which was subsequently amended on October 1, 2018 (as amended, the “Amended Real Estate Purchase Agreement”). Pursuant to the terms of the Amended Real Estate Purchase Agreement, the Company acquired the real estate assets of Tropicana Atlantic City, Tropicana Evansville, Tropicana Laughlin, Trop Casino Greenville and the Belle of Baton Rouge (the “GLP Assets”) from Tropicana for an aggregate cash purchase price of </font><font style="font-family:inherit;font-size:10pt;">$964.0 million</font><font style="font-family:inherit;font-size:10pt;">, exclusive of transaction fees and taxes (the "Tropicana Acquisition"). Concurrent with the Tropicana Acquisition, Eldorado Resorts, Inc. ("Eldorado") acquired the operating assets of these properties from Tropicana pursuant to an Agreement and Plan of Merger dated April 15, 2018 by and among Tropicana, GLP Capital, Eldorado and a wholly-owned subsidiary of Eldorado (the "Tropicana Merger Agreement") and leased the GLP Assets from the Company pursuant to the terms of a new unitary triple-net master lease with a </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">-year initial term, 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;"> successive </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;">-year renewal periods (exercisable by Eldorado) on the same terms and conditions (the “Eldorado Master Lease”). Initial annual rent under the Eldorado Master Lease is </font><font style="font-family:inherit;font-size:10pt;">$87.6 million</font><font style="font-family:inherit;font-size:10pt;">. Additionally, on October 1, 2018 the Company made a mortgage loan to Eldorado in the amount of </font><font style="font-family:inherit;font-size:10pt;">$246.0 million</font><font style="font-family:inherit;font-size:10pt;"> in connection with Eldorado’s acquisition of Lumière Place, which loan will generate initial annual interest income of </font><font style="font-family:inherit;font-size:10pt;">$22.4 million</font><font style="font-family:inherit;font-size:10pt;"> (together with the Tropicana Acquisition the "Tropicana Transactions").</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;"> Furthermore, on October 15, 2018, the Company completed its previously announced transactions with Penn, Pinnacle and Boyd Gaming Corporation ("Boyd") to accommodate Penn's acquisition of Pinnacle, pursuant to a definitive agreement and plan of merger between Penn and Pinnacle, dated December 17, 2017 (the "Penn Pinnacle Merger"). Concurrent with the Penn Pinnacle Merger, the Company amended the Pinnacle Master Lease to allow for the sale of the operating assets of Ameristar Casino Hotel Kansas City, Ameristar Casino Resort Spa St. Charles and Belterra Casino Resort from Pinnacle to Boyd and entered into a new unitary triple-net master lease agreement with Boyd for these properties on terms similar to the Company’s existing master leases. The Company purchased the real estate assets of Plainridge Park Casino ("Plainridge Park") from Penn for </font><font style="font-family:inherit;font-size:10pt;">$250.0 million</font><font style="font-family:inherit;font-size:10pt;">, exclusive of transaction fees and taxes and added this property to the Pinnacle Master Lease. The Company also entered into a loan agreement with Boyd in connection with Boyd's acquisition of Belterra Park Gaming & Entertainment Center, whereby the Company loaned Boyd </font><font style="font-family:inherit;font-size:10pt;">$57.7 million</font><font style="font-family:inherit;font-size:10pt;">, acts as mortgagee and will collect interest income from Boyd. The Company's initial annual real estate income will increase by </font><font style="font-family:inherit;font-size:10pt;">$45.3 million</font><font style="font-family:inherit;font-size:10pt;"> as a result of these transactions.</font></div></div>

Files In Submission

Name	View Source	Status
0001575965-18-000024-index-headers.html	Edgar Link	pending
0001575965-18-000024-index.html	Edgar Link	pending
0001575965-18-000024.txt	Edgar Link	pending
0001575965-18-000024-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
glpi-20180930.xml	Edgar Link	completed
glpi-20180930.xsd	Edgar Link	pending
glpi-20180930_cal.xml	Edgar Link	unprocessable
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glpi-2018930exhibit101.htm	Edgar Link	pending
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$GLPI
Gaming & Leisure Properties, Inc. Stock $glpi

2018 Q4 Form 10-Q Financial Statement

#000157596518000024 Filed on November 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2018 Q4 Form 10-Q Financial Statement

#000157596518000024 Filed on November 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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