2020 Q1 Form 10-Q Financial Statement

#000157596520000026 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q3
Revenue $283.5M $287.9M $254.1M
YoY Change -1.52% 17.95% 3.94%
Cost Of Revenue $24.60M $28.30M $44.30M
YoY Change -13.07% -37.11% 6.49%
Gross Profit $258.9M $259.6M $209.8M
YoY Change -0.27% 30.39% 3.4%
Gross Profit Margin 91.33% 90.18% 82.55%
Selling, General & Admin $16.00M $17.20M $15.00M
YoY Change -6.98% 4.24% -20.21%
% of Gross Profit 6.18% 6.63% 7.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.58M $61.67M $27.27M
YoY Change -3.38% 101.0% -4.77%
% of Gross Profit 23.01% 23.76% 13.0%
Operating Expenses $97.13M $117.1M $89.31M
YoY Change -17.04% 27.0% -2.73%
Operating Profit $186.4M $170.8M $164.8M
YoY Change 9.12% 12.46% 7.95%
Interest Expense $72.00M $76.73M $60.34M
YoY Change -6.16% 41.91% 10.73%
% of Operating Profit 38.64% 44.93% 36.61%
Other Income/Expense, Net -$89.14M -$76.64M -$58.92M
YoY Change 16.31% 43.02% 9.11%
Pretax Income $97.21M $94.14M $105.9M
YoY Change 3.27% -4.2% 7.31%
Income Tax $319.0K $1.126M $1.096M
% Of Pretax Income 0.33% 1.2% 1.03%
Net Earnings $96.89M $93.01M $93.01M
YoY Change 4.18% -3.89% -4.13%
Net Earnings / Revenue 34.18% 32.31% 36.6%
Basic Earnings Per Share $0.45 $0.43 $0.49
Diluted Earnings Per Share $0.45 $0.43 $0.49
COMMON SHARES
Basic Shares Outstanding 215.1M shares 214.6M shares 213.9M shares
Diluted Shares Outstanding 215.4M shares 215.3M shares 214.9M shares

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $559.5M $30.30M $1.163B
YoY Change 1746.53% -33.26% 2566.97%
Cash & Equivalents $559.5M $30.33M $1.163B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $559.5M $30.30M $1.163B
YoY Change 1746.53% -33.26% 2566.97%
LONG-TERM ASSETS
Property, Plant & Equipment $92.44M $98.51M $102.4M
YoY Change -6.16% -7.29% -7.08%
Goodwill $16.07M $16.07M $75.52M
YoY Change 0.0% -78.73% 0.0%
Intangibles $9.577M $9.577M $9.577M
YoY Change 0.0% 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $661.7M $679.1M $647.0M
YoY Change -2.56% 4.44% -1.75%
Total Long-Term Assets $8.340B $8.617B $7.133B
YoY Change -3.21% 20.09% -2.17%
TOTAL ASSETS
Total Short-Term Assets $559.5M $30.30M $1.163B
Total Long-Term Assets $8.340B $8.617B $7.133B
Total Assets $8.899B $8.647B $8.296B
YoY Change 2.92% 19.75% 13.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $700.0K $1.900M
YoY Change -57.14% 40.0% 375.0%
Accrued Expenses $270.0M $313.4M $115.8M
YoY Change -13.85% 270.01% 27.53%
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 $270.3M $314.7M $117.7M
YoY Change -14.11% 268.5% 29.06%
LONG-TERM LIABILITIES
Long-Term Debt $6.256B $5.795B $5.449B
YoY Change 7.95% 31.67% 22.46%
Other Long-Term Liabilities $360.5M $329.0M $370.4M
YoY Change 9.57% 3.82% 23.26%
Total Long-Term Liabilities $6.616B $6.124B $5.820B
YoY Change 8.04% 29.8% 22.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $270.3M $314.7M $117.7M
Total Long-Term Liabilities $6.616B $6.124B $5.820B
Total Liabilities $6.887B $6.439B $5.938B
YoY Change 6.95% 34.05% 22.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.941B -$1.742B -$1.589B
YoY Change 11.42% 14.92% 10.6%
Common Stock $3.953B $3.950B $3.948B
YoY Change 0.09% 0.43% 0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.012B $2.208B $2.208B
YoY Change
Total Liabilities & Shareholders Equity $8.899B $8.647B $8.296B
YoY Change 2.92% 19.75% 13.1%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q3
OPERATING ACTIVITIES
Net Income $96.89M $93.01M $93.01M
YoY Change 4.18% -3.89% -4.13%
Depreciation, Depletion And Amortization $59.58M $61.67M $27.27M
YoY Change -3.38% 101.0% -4.77%
Cash From Operating Activities $198.8M $221.4M $212.6M
YoY Change -10.22% 19.2% 7.97%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $6.000K
YoY Change -40.0%
Acquisitions
YoY Change
Other Investing Activities $200.0K $10.90M
YoY Change -98.9% -44.1%
Cash From Investing Activities -$646.0K -$348.0K -$5.600M
YoY Change 85.63% -102.0% -129.95%
FINANCING ACTIVITIES
Cash Dividend Paid $150.8M $146.2M
YoY Change 3.14% 8.53%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $661.2M $123.0M
YoY Change 437.43% 173.22%
Cash From Financing Activities $334.6M -$216.5M 811.3M
YoY Change -254.52% 15.93% -502.83%
NET CHANGE
Cash From Operating Activities $198.8M $221.4M 212.6M
Cash From Investing Activities -$646.0K -$348.0K -5.600M
Cash From Financing Activities $334.6M -$216.5M 811.3M
Net Change In Cash $532.7M $4.551M 1.018B
YoY Change 11605.6% -72.19% 7071.13%
FREE CASH FLOW
Cash From Operating Activities $198.8M $221.4M $212.6M
Capital Expenditures $0.00 $0.00 $6.000K
Free Cash Flow $198.8M $221.4M $212.6M
YoY Change -10.22% 19.2% 7.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001575965
CY2020Q1 dei Amendment Flag
AmendmentFlag
false
CY2020Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2020Q1 dei Document Type
DocumentType
10-Q
CY2020Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q1 dei Entity File Number
EntityFileNumber
001-36124
CY2020Q1 dei Entity Registrant Name
EntityRegistrantName
Gaming and Leisure Properties, Inc.
CY2020Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
CY2020Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-2116489
CY2020Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
845 Berkshire Blvd., Suite 200
CY2020Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Wyomissing
CY2020Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
CY2020Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19610
CY2020Q1 dei City Area Code
CityAreaCode
610
CY2020Q1 dei Local Phone Number
LocalPhoneNumber
401-2900
CY2020Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $.01 per share
CY2020Q1 dei Trading Symbol
TradingSymbol
GLPI
CY2020Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2020Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2020Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
215117570 shares
CY2020Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7046276000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7100555000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92443000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94080000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
835027000 USD
CY2019Q4 us-gaap Ground Leases Net
GroundLeasesNet
838734000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
559545000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26823000 USD
CY2020Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4544000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4228000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
16067000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
16067000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9577000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9577000 USD
CY2020Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5529000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6056000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
26469000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
34494000 USD
CY2020Q1 us-gaap Assets
Assets
8899161000 USD
CY2019Q4 us-gaap Assets
Assets
8434298000 USD
CY2020Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
339000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1006000 USD
CY2020Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
5998000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6239000 USD
CY2020Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
77564000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
60695000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
3154000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13821000 USD
CY2020Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
810000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
944000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
183298000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
183971000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
6255714000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5737962000 USD
CY2020Q1 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
337129000 USD
CY2019Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
328485000 USD
CY2020Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
332000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
279000 USD
CY2020Q1 us-gaap Other Liabilities
OtherLiabilities
22518000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
26651000 USD
CY2020Q1 us-gaap Liabilities
Liabilities
6886856000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
6360053000 USD
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
215107229 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
215107229 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
214694165 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
214694165 shares
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
2151000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
2147000 USD
CY2020Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3951341000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3959383000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1941187000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1887285000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2012305000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2074245000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8899161000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8434298000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
249407000 USD
CY2019Q1 glpi Operating Leases Income Statement Lease Revenue Priorto Taxes Paidby Tenant
OperatingLeasesIncomeStatementLeaseRevenuePriortoTaxesPaidbyTenant
247678000 USD
CY2020Q1 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
7316000 USD
CY2019Q1 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
7193000 USD
CY2020Q1 us-gaap Revenues
Revenues
283482000 USD
CY2019Q1 us-gaap Revenues
Revenues
287864000 USD
CY2020Q1 glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
8078000 USD
CY2019Q1 glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
9249000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15988000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17240000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
56563000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
58578000 USD
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
13000000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
97132000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
117089000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
186350000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
170775000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
72004000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
76728000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
196000 USD
CY2019Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
89000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17329000 USD
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-89137000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-76639000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97213000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
94136000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
319000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1126000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2074245000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
310000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-8348000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2019Q3 us-gaap Dividends
Dividends
150796000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
2012305000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2265607000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
592000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5323000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.68
CY2018Q3 us-gaap Dividends
Dividends
146202000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
2207684000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
59583000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
61668000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2770000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2891000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-7000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
38000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-248000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4235000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4325000 USD
CY2020Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
8644000 USD
CY2019Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
8644000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17329000 USD
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
13000000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6467000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3346000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-667000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1809000 USD
CY2020Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1556000 USD
CY2019Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
521000 USD
CY2020Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
16869000 USD
CY2019Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
52962000 USD
CY2020Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-10667000 USD
CY2019Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-10162000 USD
CY2020Q1 us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
-134000 USD
CY2019Q1 us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
276000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
648000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4133000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-964000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
198785000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
221423000 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
646000 USD
CY2019Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
530000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
182000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-646000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-348000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
150796000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
146202000 USD
CY2020Q1 glpi Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
-12583000 USD
CY2019Q1 glpi Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
-9056000 USD
CY2020Q1 glpi Atm Programofferingcosts
ATMProgramofferingcosts
-310000 USD
CY2019Q1 glpi Atm Programofferingcosts
ATMProgramofferingcosts
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1174600000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
62000000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
236000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
661206000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
123030000 USD
CY2020Q1 glpi Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
15742000 USD
CY2019Q1 glpi Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
334583000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-216524000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
532722000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4551000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26823000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25783000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
559545000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30334000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
Business and Operations<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 assets and liabilities of GLPI were recorded at their respective historical carrying values at the time of the Spin-Off in accordance with the provisions of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 505-60 - </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Spinoffs and Reverse Spinoffs ("</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">ASC 505"</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">).</span></div><div style="text-indent:36pt;"><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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. In connection with the Spin-Off, Penn allocated its accumulated earnings and profits (as determined for U.S. federal income tax purposes) for periods prior to the consummation of the Spin-Off between Penn and GLPI. In connection with its election to be taxed as a REIT for U.S. federal income tax purposes, GLPI declared a special dividend to its shareholders to distribute any accumulated earnings and profits relating to the real property assets and attributable to any pre-REIT years, including any earnings and profits allocated to GLPI in connection with the Spin-Off, to comply with certain REIT qualification requirements.</span></div><div style="text-indent:36pt;"><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As a result of the Spin-Off, GLPI owns substantially all of Penn’s former real property assets (as of the consummation of the Spin-Off) 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 15 years (expiring October 31, 2028), with no purchase option, followed by four 5-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 $4.8 billion. GLPI originally leased these assets back to Pinnacle, under a unitary triple-net lease with an initial term of 10 years (expiring April 30, 2026), with no purchase option, followed by five 5-year renewal options (exercisable by Pinnacle) on the same terms and conditions (the "Pinnacle Master Lease"). 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 the majority of Pinnacle's operations, 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 (the "Amended Pinnacle Master Lease") and entered into a new unitary triple-net master lease agreement with Boyd (the "Boyd Master Lease") for these properties on terms similar to the Company’s Amended Pinnacle Master Lease. The Boyd Master Lease has an initial term of 10 years (from the original April 2016 commencement date of the Pinnacle Master Lease and expiring April 30, 2026), with no purchase option, followed by five 5-year renewal options (exercisable by Boyd) on the same terms and conditions. The Company also purchased the real estate assets of Plainridge Park Casino ("Plainridge Park") from Penn for $250.0 million, exclusive of transaction fees and taxes, and added this property to the Amended Pinnacle Master Lease. The Amended Pinnacle Master Lease was assumed by Penn at the consummation of the Penn-Pinnacle Merger. The Company also entered into a mortgage loan agreement with Boyd in connection with Boyd's acquisition of Belterra Park Gaming &amp; Entertainment Center ("Belterra Park"), whereby the Company loaned Boyd $57.7 million.</span></div><div style="text-indent:36pt;"><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> In addition to the acquisition of Plainridge Park described above, 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 $964.0 million, exclusive of transaction fees and taxes (the "Tropicana Acquisition"). </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 and leased the GLP Assets from the Company pursuant to the terms of a new unitary triple-net master lease with an initial term of 15 years, with no purchase option, followed by four successive 5-year renewal periods (exercisable by Eldorado) on the same terms and conditions (the "Eldorado Master Lease"). Additionally, on October 1, 2018, the Company made a loan to Eldorado in the amount of $246.0 million in connection with Eldorado’s acquisition of Lumière Place Casino and Hotel ("Lumière Place") (and together with the Tropicana Acquisition, the "Tropicana Transactions"). </span></div><div><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 March 31, 2020, GLPI’s portfolio consisted of interests in 44 gaming and related facilities, including the TRS Properties, the real property associated with 32 gaming and related facilities operated by Penn, the real property associated with 5 gaming and related facilities operated by Eldorado, the real property associated with 4 gaming and related facilities operated by Boyd (including one mortgaged facility) and the real property associated with the Casino Queen in East St. Louis, Illinois.  These facilities are geographically diversified across 16 states, contain approximately 22.1 million square feet and were 100% occupied at March 31, 2020. </span></div>In the first quarter of 2020, it became clear that there was a global outbreak of a new strain of novel coronavirus COVID-19 ("COVID-19"). The global, domestic and local response to the COVID-19 outbreak continues to evolve rapidly. Thus far, responses to the COVID-19 outbreak have included mandates from federal, state and/or local authorities that require temporary closures of or imposed limitations on the operations of non-essential businesses. All of the Company's tenants' casino operations, in addition to the Company's two TRS Properties, were closed in mid-March and their reopening dates are unknown and subject to factors outside of the Company's control.
CY2020Q1 glpi Number Of Facilities Whose Real Estate Property Is Included In Entity Portfolio
NumberOfFacilitiesWhoseRealEstatePropertyIsIncludedInEntityPortfolio
44 property
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16 state
CY2020Q1 glpi Realestateoccupancypercentage
Realestateoccupancypercentage
1
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
41 property
CY2020Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8301496000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8301496000 USD
CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1255220000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1200941000 USD
CY2020Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7046276000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7100555000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
266928000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
266282000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
174485000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
172202000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92443000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94080000 USD
CY2020Q1 glpi Number Of Real Estate Properties Financial Interests
NumberOfRealEstatePropertiesFinancialInterests
2 property
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
835027000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10343000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13752000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13704000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13638000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13617000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
644059000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
709113000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
525815000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
183298000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3695000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3893000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1462000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2436000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
227000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
238000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
8404000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
9657000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P53Y4M24D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
488000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
185000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
958000 USD
CY2019Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
989000 USD
CY2020Q1 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
6299558000 USD
CY2019Q4 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
5786163000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
43844000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
48201000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
6255714000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5737962000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
131000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree
449281000 USD
CY2020Q1 us-gaap Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five
LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive
2074909000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
3775237000 USD
CY2020Q1 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
6299558000 USD
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
0 USD
CY2019Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
13000000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13000000 USD
CY2020Q1 glpi Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
253483000 USD
CY2020Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
8644000 USD
CY2020Q1 glpi Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
4491000 USD
CY2020Q1 glpi Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
77000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
249407000 USD
CY2020Q1 glpi Number Of Real Estate Properties Financial Interests
NumberOfRealEstatePropertiesFinancialInterests
2 property
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215090000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214626000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215449000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215288000 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
144000 USD
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
158000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
96750000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92852000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215090000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214626000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215449000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215288000 shares
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70892 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
78483 shares
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
150574000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145954000 USD
CY2019Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
200000 USD
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q1 us-gaap Revenues
Revenues
283482000 USD
CY2019Q1 us-gaap Revenues
Revenues
287864000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
186350000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
170775000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
72004000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
76728000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97213000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
94136000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
319000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1126000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
58578000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
56563000 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
646000 USD
CY2019Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
530000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
52339000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
20850000 USD

Files In Submission

Name View Source Status
0001575965-20-000026-index-headers.html Edgar Link pending
0001575965-20-000026-index.html Edgar Link pending
0001575965-20-000026.txt Edgar Link pending
0001575965-20-000026-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
glpi-20200331.htm Edgar Link pending
glpi-20200331.xsd Edgar Link pending
glpi-20200331_cal.xml Edgar Link unprocessable
glpi-20200331_def.xml Edgar Link unprocessable
glpi-20200331_htm.xml Edgar Link completed
glpi-20200331_lab.xml Edgar Link unprocessable
glpi-20200331_pre.xml Edgar Link unprocessable
glpi-2020331ex221.htm Edgar Link pending
glpi-2020331exhibit311.htm Edgar Link pending
glpi-2020331exhibit312.htm Edgar Link pending
glpi-2020331exhibit321.htm Edgar Link pending
glpi-2020331exhibit322.htm Edgar Link pending
glpi-2020331exhibit41.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending