$GLPI
Gaming & Leisure Properties, Inc.

2020 Q2 Form 10-Q Financial Statement

#000157596520000040 Filed on July 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $262.0M $289.0M
YoY Change -9.36% 13.69%
Cost Of Revenue $10.60M $34.40M
YoY Change -69.19% -25.22%
Gross Profit $251.3M $254.6M
YoY Change -1.3% 22.23%
Gross Profit Margin 95.93% 88.09%
Selling, General & Admin $13.20M $16.00M
YoY Change -17.5% -35.48%
% of Gross Profit 5.25% 6.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.39M $67.87M
YoY Change -15.44% 146.58%
% of Gross Profit 22.84% 26.66%
Operating Expenses $81.25M $118.2M
YoY Change -31.29% 17.1%
Operating Profit $180.7M $170.8M
YoY Change 5.83% 11.44%
Interest Expense $69.47M $76.52M
YoY Change -9.21% 34.12%
% of Operating Profit 38.44% 44.81%
Other Income/Expense, Net -$69.21M -$76.28M
YoY Change -9.27% 27.9%
Pretax Income $111.5M $94.49M
YoY Change 18.01% 0.95%
Income Tax -$840.0K $1.459M
% Of Pretax Income -0.75% 1.54%
Net Earnings $112.4M $93.03M
YoY Change 20.76% 1.13%
Net Earnings / Revenue 42.89% 32.19%
Basic Earnings Per Share $0.52 $0.43
Diluted Earnings Per Share $0.52 $0.43
COMMON SHARES
Basic Shares Outstanding 215.3M shares 214.7M shares
Diluted Shares Outstanding 215.9M shares 215.6M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.10M $24.70M
YoY Change 200.0% -82.91%
Cash & Equivalents $74.05M $24.74M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $74.10M $24.70M
YoY Change 200.0% -82.91%
LONG-TERM ASSETS
Property, Plant & Equipment $90.89M $97.22M
YoY Change -6.51% -6.8%
Goodwill $16.07M $16.07M
YoY Change 0.0% -78.73%
Intangibles $9.577M $9.577M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $657.8M $669.4M
YoY Change -1.73% 3.96%
Total Long-Term Assets $8.591B $8.539B
YoY Change 0.61% 19.53%
TOTAL ASSETS
Total Short-Term Assets $74.10M $24.70M
Total Long-Term Assets $8.591B $8.539B
Total Assets $8.665B $8.564B
YoY Change 1.19% 17.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.100M $200.0K
YoY Change 450.0% -60.0%
Accrued Expenses $248.3M $270.3M
YoY Change -8.14% 349.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $249.7M $270.5M
YoY Change -7.69% 345.63%
LONG-TERM LIABILITIES
Long-Term Debt $5.768B $5.797B
YoY Change -0.5% 28.63%
Other Long-Term Liabilities $544.4M $337.4M
YoY Change 61.35% -1.37%
Total Long-Term Liabilities $6.313B $6.134B
YoY Change 2.91% 26.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $249.7M $270.5M
Total Long-Term Liabilities $6.313B $6.134B
Total Liabilities $6.563B $6.405B
YoY Change 2.46% 30.46%
SHAREHOLDERS EQUITY
Retained Earnings -$1.855B -$1.795B
YoY Change 3.3% 15.17%
Common Stock $3.957B $3.954B
YoY Change 0.09% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.103B $2.159B
YoY Change
Total Liabilities & Shareholders Equity $8.665B $8.564B
YoY Change 1.19% 17.5%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $112.4M $93.03M
YoY Change 20.76% 1.13%
Depreciation, Depletion And Amortization $57.39M $67.87M
YoY Change -15.44% 146.58%
Cash From Operating Activities $30.90M $142.7M
YoY Change -78.35% 19.12%
INVESTING ACTIVITIES
Capital Expenditures -$500.0K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$500.0K -$1.100M
YoY Change -54.55% -110.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -516.0M -147.3M
YoY Change 250.31% 376.7%
NET CHANGE
Cash From Operating Activities 30.90M 142.7M
Cash From Investing Activities -500.0K -1.100M
Cash From Financing Activities -516.0M -147.3M
Net Change In Cash $47.23M -5.700M
YoY Change -928.54% -105.76%
FREE CASH FLOW
Cash From Operating Activities $30.90M $142.7M
Capital Expenditures -$500.0K $0.00
Free Cash Flow $31.40M $142.7M
YoY Change -78.0% 19.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001575965
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-36124
dei Entity Registrant Name
EntityRegistrantName
Gaming and Leisure Properties, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-2116489
dei Entity Address Address Line1
EntityAddressAddressLine1
845 Berkshire Blvd., Suite 200
dei Entity Address City Or Town
EntityAddressCityOrTown
Wyomissing
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19610
dei City Area Code
CityAreaCode
610
dei Local Phone Number
LocalPhoneNumber
401-2900
dei Security12b Title
Security12bTitle
Common Stock, par value $.01 per share
dei Trading Symbol
TradingSymbol
GLPI
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2020Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
217829837 shares
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7049408000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7100555000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
90888000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94080000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
831552000 USD
CY2019Q4 us-gaap Ground Leases Net
GroundLeasesNet
838734000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74050000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26823000 USD
CY2020Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2582000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4228000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
16067000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
16067000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9577000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9577000 USD
CY2020Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6561000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6056000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
32025000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
34494000 USD
CY2020Q2 us-gaap Assets
Assets
8665425000 USD
CY2019Q4 us-gaap Assets
Assets
8434298000 USD
CY2020Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1124000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1006000 USD
CY2020Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3766000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6239000 USD
CY2020Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
58150000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
60695000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
3493000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
13821000 USD
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
1632000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
944000 USD
CY2020Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
266000 USD
CY2019Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
182856000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
183971000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5768330000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5737962000 USD
CY2020Q2 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
515495000 USD
CY2019Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
328485000 USD
CY2020Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
307000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
279000 USD
CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
27241000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
26651000 USD
CY2020Q2 us-gaap Liabilities
Liabilities
6562660000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
6360053000 USD
CY2020Q2 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
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q2 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
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
217821237 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
217821237 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
214694165 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
214694165 shares
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
2178000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
2147000 USD
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3955293000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3959383000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1854706000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1887285000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2102765000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2074245000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8665425000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8434298000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
245749000 USD
CY2019Q2 glpi Operating Leases Income Statement Lease Revenue Priorto Taxes Paidby Tenant
OperatingLeasesIncomeStatementLeaseRevenuePriortoTaxesPaidbyTenant
248563000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
495156000 USD
glpi Operating Leases Income Statement Lease Revenue Priorto Taxes Paidby Tenant
OperatingLeasesIncomeStatementLeaseRevenuePriortoTaxesPaidbyTenant
496241000 USD
CY2020Q2 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
6240000 USD
CY2019Q2 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
7201000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
13556000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
14394000 USD
CY2020Q2 us-gaap Revenues
Revenues
261968000 USD
CY2019Q2 us-gaap Revenues
Revenues
289013000 USD
us-gaap Revenues
Revenues
545450000 USD
us-gaap Revenues
Revenues
576877000 USD
CY2020Q2 glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
5781000 USD
CY2019Q2 glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
15229000 USD
glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
13859000 USD
glpi Land Rightsand Ground Lease Expense
LandRightsandGroundLeaseExpense
24478000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13223000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15984000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29211000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33224000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
57390000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
67865000 USD
us-gaap Depreciation
Depreciation
113953000 USD
us-gaap Depreciation
Depreciation
126443000 USD
CY2020Q2 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2019Q2 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
0 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
13000000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
81252000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
118246000 USD
us-gaap Operating Expenses
OperatingExpenses
178384000 USD
us-gaap Operating Expenses
OperatingExpenses
235335000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
180716000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
170767000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
367066000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
341542000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
69474000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
76523000 USD
us-gaap Interest Expense
InterestExpense
141478000 USD
us-gaap Interest Expense
InterestExpense
153251000 USD
CY2020Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
273000 USD
CY2019Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
248000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
469000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
337000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5000 USD
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17334000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-69206000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-76275000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-158343000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-152914000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111510000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
94492000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
208723000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
188628000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-840000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1459000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-521000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2585000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
112350000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
93033000 USD
us-gaap Net Income Loss
NetIncomeLoss
209244000 USD
us-gaap Net Income Loss
NetIncomeLoss
186043000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2074245000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
310000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-8348000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2020Q1 us-gaap Dividends
Dividends
150796000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
96894000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2012305000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4062000 USD
CY2020Q2 us-gaap Dividends
Dividends
25869000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
112350000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2102765000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2265607000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
592000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5323000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.68
CY2019Q1 us-gaap Dividends
Dividends
146202000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
93010000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
2207684000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4182000 USD
CY2019Q2 us-gaap Dividends
Dividends
146212000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
93033000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
2158687000 USD
us-gaap Net Income Loss
NetIncomeLoss
209244000 USD
us-gaap Net Income Loss
NetIncomeLoss
186043000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119993000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
138939000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5363000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5790000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-13000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1018000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-466000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8299000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8508000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
10322000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
17287000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
130811000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17334000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
13000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1934000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2312000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
118000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2340000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
271000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1305000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-2545000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
8079000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-10328000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-8890000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
688000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
-98000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
266000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
590000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-777000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
229713000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
364081000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1141000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1547000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
190000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1134000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1357000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
176665000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
292414000 USD
glpi Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
-12585000 USD
glpi Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
-9057000 USD
glpi Atm Programofferingcosts
ATMProgramofferingcosts
-227000 USD
glpi Atm Programofferingcosts
ATMProgramofferingcosts
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1868735000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
155000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9479000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
236000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1835838000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
217061000 USD
glpi Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
15747000 USD
glpi Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-181352000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-363768000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47227000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1044000 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
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74050000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24739000 USD
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;text-align:justify;"><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. (NASDAQ: PENN) ("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;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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. In May 2020, the Company acquired the real estate of Belterra Park in satisfaction of the loan, subject to a long-term lease (the "Belterra Park Lease") with a Boyd affiliate operating the property. The Belterra Park Lease has an initial term that expires on April 30, 2026 and has 5 separate renewal options for five years each, exercisable at the tenants' option. See Note 12 for further details. </span></div><div style="text-indent:36pt;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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 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, </span></div><div style="text-align:justify;"><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 "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"). Concurrent with the Tropicana Acquisition, Eldorado Resorts, Inc. (now doing business as Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars")), 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 Resorts, Inc. and a wholly-owned subsidiary of Eldorado Resorts, Inc. 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 the tenant) on the same terms and conditions (the "Caesars Master Lease"). On June 15, 2020, the Company amended the Caesars Master Lease subject to certain regulatory approvals which were received on July 23, 2020. See Note 12 for a description of this amendment. </span></div><div style="text-indent:36pt;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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%;">Additionally, on October 1, 2018, the Company made a loan to Caesars in the amount of $246.0 million (the "CZR loan") in connection with Caesars acquisition of Lumière Place Casino and Hotel ("Lumière Place") (and together with the Tropicana Acquisition, the "Tropicana Transactions"). The CZR loan bears interest at a rate equal to (i) 9.09% until October 1, 2019 and (ii) 9.27% until its maturity. On the one-year anniversary of the CZR loan, the mortgage evidenced by a deed of trust on the Lumière Place property terminated and the loan became unsecured and will remain unsecured until its final maturity on the two-year anniversary of the closing. On June 24, 2020, the Company received approval from the Missouri Gaming Commission to own the Lumière Place real estate. The Company anticipates closing on this transaction and entering into a new lease for this asset prior to the CZR loan October 1, 2020 maturity date.</span></div><div style="text-indent:36pt;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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%;">On April 16, 2020, the Company and certain of its subsidiaries closed on its previously announced transaction (the "Tropicana Acquisition") to acquire the real property associated with the Tropicana Las Vegas Casino Hotel Resort ("Tropicana Las Vegas") from Penn in exchange for $307.5 million of rent credits to be applied against future rent obligations. This asset has been placed in our TRS subsidiary. See Note 6 for further details related to this transaction.</span></div><div style="text-indent:36pt;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><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 June 30, 2020, GLPI’s portfolio consisted of interests in 45 gaming and related facilities, including the TRS Properties and Tropicana Las Vegas, 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 Caesars, the real property associated with 4 gaming and related facilities operated by Boyd and the real property associated with the Casino Queen in East St. Louis, Illinois.  These facilities are geographically diversified across 16 states, contain approximately 23.3 million square feet and were 100% occupied at June 30, 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 required 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. As of July 30, 2020, 43 out of our 45 total properties, (including the properties we own and operate in our TRS) have reopened at limited capacity.
CY2020Q2 glpi Number Of Facilities Whose Real Estate Property Is Included In Entity Portfolio
NumberOfFacilitiesWhoseRealEstatePropertyIsIncludedInEntityPortfolio
45 property
CY2020Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16 state
CY2020Q2 glpi Realestateoccupancypercentage
Realestateoccupancypercentage
1
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
42 property
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8359179000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8301496000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1309771000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1200941000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7049408000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7100555000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
267399000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
266282000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
176511000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
172202000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
90888000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94080000 USD
CY2020Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
226200000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
81300000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
130800000 USD
CY2020Q2 glpi Number Of Real Estate Properties Financial Interests
NumberOfRealEstatePropertiesFinancialInterests
1 property
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
831552000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6884000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13752000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13704000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13638000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13617000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
644059000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
705654000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
522798000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
182856000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3472000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7167000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
652000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
810000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
222000 USD
us-gaap Lease Cost
LeaseCost
5835000 USD
us-gaap Lease Cost
LeaseCost
14239000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P53Y2M23D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
449000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
937000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
185000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
925000 USD
CY2019Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
989000 USD
CY2020Q2 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
5824925000 USD
CY2019Q4 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
5786163000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
56595000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
48201000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5768330000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5737962000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
225113000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree
424303000 USD
CY2020Q2 us-gaap Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five
LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive
1750313000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
3425196000 USD
CY2020Q2 glpi Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
5824925000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 USD
CY2020Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1174600000 USD
CY2019Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
13000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
13000000 USD
CY2020Q2 glpi Number Of Real Estate Properties Financial Interests
NumberOfRealEstatePropertiesFinancialInterests
1 property
CY2020Q2 glpi Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
245105000 USD
glpi Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
498588000 USD
CY2020Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
1678000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
10322000 USD
CY2020Q2 glpi Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
2272000 USD
glpi Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
6763000 USD
CY2020Q2 glpi Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
50000 USD
glpi Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
127000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
245749000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
495156000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215267000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214664000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215178000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214645000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215932000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215605000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215868000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215520000 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
112350000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
93033000 USD
us-gaap Net Income Loss
NetIncomeLoss
209244000 USD
us-gaap Net Income Loss
NetIncomeLoss
186043000 USD
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
161000 USD
CY2019Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
146000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
300000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
291000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
112189000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92887000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
208944000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185752000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215267000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214664000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215178000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214645000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
112350000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
93033000 USD
us-gaap Net Income Loss
NetIncomeLoss
209244000 USD
us-gaap Net Income Loss
NetIncomeLoss
186043000 USD
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215932000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215605000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215868000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215520000 shares
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
128883 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
77909 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1397 shares
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
150574000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2019Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
129071000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145954000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2018Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145985000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q2 us-gaap Revenues
Revenues
261968000 USD
CY2019Q2 us-gaap Revenues
Revenues
289013000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
180716000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
170767000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
69474000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
76523000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111510000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
94492000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-840000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1459000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
112350000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
93033000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
57390000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
67865000 USD
CY2020Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
495000 USD
CY2019Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1017000 USD
us-gaap Revenues
Revenues
545450000 USD
us-gaap Revenues
Revenues
576877000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
367066000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
341542000 USD
us-gaap Interest Expense
InterestExpense
141478000 USD
us-gaap Interest Expense
InterestExpense
153251000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
208723000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
188628000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-521000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2585000 USD
us-gaap Net Income Loss
NetIncomeLoss
209244000 USD
us-gaap Net Income Loss
NetIncomeLoss
186043000 USD
us-gaap Depreciation
Depreciation
113953000 USD
us-gaap Depreciation
Depreciation
126443000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1141000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1547000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
86271000 USD
CY2019Q2 us-gaap Interest Paid Net
InterestPaidNet
118481000 USD
us-gaap Interest Paid Net
InterestPaidNet
138610000 USD
us-gaap Interest Paid Net
InterestPaidNet
139331000 USD

Files In Submission

Name View Source Status
0001575965-20-000040-index-headers.html Edgar Link pending
0001575965-20-000040-index.html Edgar Link pending
0001575965-20-000040.txt Edgar Link pending
0001575965-20-000040-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
glpi-20200630.htm Edgar Link pending
glpi-20200630.xsd Edgar Link pending
glpi-20200630_cal.xml Edgar Link unprocessable
glpi-20200630_def.xml Edgar Link unprocessable
glpi-20200630_htm.xml Edgar Link completed
glpi-20200630_lab.xml Edgar Link unprocessable
glpi-20200630_pre.xml Edgar Link unprocessable
glpi-2020630ex221.htm Edgar Link pending
glpi-2020630exhibit311.htm Edgar Link pending
glpi-2020630exhibit312.htm Edgar Link pending
glpi-2020630exhibit321.htm Edgar Link pending
glpi-2020630exhibit322.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
report.css Edgar Link pending
Show.js Edgar Link pending