2020 Q4 Form 10-Q Financial Statement
#000157596520000050 Filed on October 28, 2020
Income Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
Revenue | $300.2M | $307.6M | $287.6M |
YoY Change | 3.88% | 6.93% | 13.17% |
Cost Of Revenue | $24.30M | $18.18M | $27.60M |
YoY Change | -9.33% | -34.15% | -37.7% |
Gross Profit | $275.9M | $289.4M | $260.0M |
YoY Change | 5.23% | 11.3% | 23.93% |
Gross Profit Margin | 91.91% | 94.09% | 90.4% |
Selling, General & Admin | $17.30M | $15.70M | $15.00M |
YoY Change | 0.58% | 4.67% | 0.0% |
% of Gross Profit | 6.27% | 5.43% | 5.77% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $59.00M | $58.08M | $57.30M |
YoY Change | 4.06% | 1.36% | 110.15% |
% of Gross Profit | 21.38% | 20.07% | 22.04% |
Operating Expenses | $76.30M | $106.9M | $99.99M |
YoY Change | 3.25% | 6.87% | 11.96% |
Operating Profit | $199.6M | $200.7M | $187.6M |
YoY Change | 6.03% | 6.97% | 13.83% |
Interest Expense | -$70.40M | $70.18M | $75.11M |
YoY Change | -3.56% | -6.57% | 24.48% |
% of Operating Profit | -35.27% | 34.97% | 40.03% |
Other Income/Expense, Net | -$70.94M | -$95.89M | |
YoY Change | -26.02% | 62.74% | |
Pretax Income | $171.1M | $129.8M | $91.74M |
YoY Change | 48.4% | 41.46% | -13.38% |
Income Tax | $1.800M | $2.639M | $1.188M |
% Of Pretax Income | 1.05% | 2.03% | 1.3% |
Net Earnings | $169.3M | $127.1M | $96.89M |
YoY Change | 48.13% | 31.2% | 4.18% |
Net Earnings / Revenue | 56.4% | 41.33% | 33.69% |
Basic Earnings Per Share | $0.58 | $0.42 | |
Diluted Earnings Per Share | $767.5K | $0.58 | $0.42 |
COMMON SHARES | |||
Basic Shares Outstanding | 220.7M shares | 218.0M shares | 214.7M shares |
Diluted Shares Outstanding | 218.8M shares | 215.3M shares |
Balance Sheet
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $486.5M | $105.9M | $25.60M |
YoY Change | 1715.3% | 313.67% | -97.8% |
Cash & Equivalents | $486.5M | $105.9M | $25.56M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $486.5M | $105.9M | $25.60M |
YoY Change | 1715.3% | 313.67% | -97.8% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $80.62M | $89.32M | $95.62M |
YoY Change | -14.31% | -6.59% | -6.65% |
Goodwill | $0.00 | $16.07M | $16.07M |
YoY Change | -100.0% | 0.0% | -78.73% |
Intangibles | $0.00 | $9.577M | $9.577M |
YoY Change | -100.0% | 0.0% | 0.0% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $687.1M | $653.5M | $666.2M |
YoY Change | 3.32% | -1.91% | 2.97% |
Total Long-Term Assets | $8.548B | $8.531B | $8.479B |
YoY Change | 1.67% | 0.61% | 18.87% |
TOTAL ASSETS | |||
Total Short-Term Assets | $486.5M | $105.9M | $25.60M |
Total Long-Term Assets | $8.548B | $8.531B | $8.479B |
Total Assets | $9.034B | $8.637B | $8.505B |
YoY Change | 7.11% | 1.55% | 2.52% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $400.0K | $800.0K | $200.0K |
YoY Change | -60.0% | 300.0% | -89.47% |
Accrued Expenses | $230.7M | $274.7M | $302.9M |
YoY Change | -12.84% | -9.31% | 161.57% |
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 | $231.1M | $275.5M | $303.1M |
YoY Change | -13.02% | -9.11% | 157.52% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.755B | $5.752B | $5.749B |
YoY Change | 0.29% | 0.06% | 5.51% |
Other Long-Term Liabilities | $373.2M | $399.6M | $345.7M |
YoY Change | 4.8% | 15.59% | -6.67% |
Total Long-Term Liabilities | $6.128B | $6.152B | $6.095B |
YoY Change | 0.55% | 0.94% | 4.73% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $231.1M | $275.5M | $303.1M |
Total Long-Term Liabilities | $6.128B | $6.152B | $6.095B |
Total Liabilities | $6.359B | $6.428B | $6.398B |
YoY Change | -0.01% | 0.46% | 7.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.612B | -$1.754B | -$1.851B |
YoY Change | -14.58% | -5.26% | 16.48% |
Common Stock | $4.287B | $3.963B | $3.958B |
YoY Change | 8.22% | 0.14% | 0.26% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.675B | $2.209B | $2.012B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.034B | $8.637B | $8.505B |
YoY Change | 7.11% | 1.55% | 2.52% |
Cashflow Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $169.3M | $127.1M | $96.89M |
YoY Change | 48.13% | 31.2% | 4.18% |
Depreciation, Depletion And Amortization | $59.00M | $58.08M | $57.30M |
YoY Change | 4.06% | 1.36% | 110.15% |
Cash From Operating Activities | $95.40M | $80.80M | $219.6M |
YoY Change | -42.74% | -63.21% | 3.29% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$7.900M | -$500.0K | $0.00 |
YoY Change | 1028.57% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$7.900M | -$500.0K | -$600.0K |
YoY Change | 887.5% | -16.67% | -89.29% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 293.0M | -48.40M | -218.1M |
YoY Change | -278.12% | -77.81% | -126.88% |
NET CHANGE | |||
Cash From Operating Activities | 95.40M | 80.80M | 219.6M |
Cash From Investing Activities | -7.900M | -500.0K | -600.0K |
Cash From Financing Activities | 293.0M | -48.40M | -218.1M |
Net Change In Cash | 380.5M | $79.07M | 900.0K |
YoY Change | 29169.23% | 8685.67% | -99.91% |
FREE CASH FLOW | |||
Cash From Operating Activities | $95.40M | $80.80M | $219.6M |
Capital Expenditures | -$7.900M | -$500.0K | $0.00 |
Free Cash Flow | $103.3M | $81.30M | $219.6M |
YoY Change | -38.25% | -62.98% | 3.3% |
Facts In Submission
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|
75111000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
211657000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
228362000 | USD | |
CY2020Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
22000 | USD |
CY2019Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
235000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
491000 | USD | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
572000 | USD | |
CY2020Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-779000 | USD |
CY2019Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-21014000 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-18113000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-21014000 | USD | |
CY2020Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-70936000 | USD |
CY2019Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-95890000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-229279000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-248804000 | USD | |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
129765000 | USD |
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
91735000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
338488000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
280363000 | USD | |
CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2639000 | USD |
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1188000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2118000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3773000 | USD | |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90547000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
336370000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
276590000 | USD | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.58 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.55 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.29 | ||
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.58 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.42 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.55 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.29 | ||
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 |
CY2020Q3 | 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 | glpi |
Adjustmentsto Additional Paidin Capital Atm Program Offering Costs
AdjustmentstoAdditionalPaidinCapitalATMProgramOfferingCosts
|
83000 | 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 |
CY2020Q3 | glpi |
Adjustmentsto Additional Paidin Capital Atm Program Offering Costs
AdjustmentstoAdditionalPaidinCapitalATMProgramOfferingCosts
|
50000 | USD |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
5647000 | USD |
CY2020Q3 | us-gaap |
Dividends
Dividends
|
26212000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2209276000 | 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 |
CY2019Q1 | 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 |
CY2019Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | USD |
CY2019Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
3845000 | USD |
CY2019Q3 | us-gaap |
Dividends
Dividends
|
146208000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90547000 | USD |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2106632000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
336370000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
276590000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
181094000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
199261000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
8032000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
8597000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
3000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-50000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-84000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-528000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16652000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12353000 | USD | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
5394000 | USD | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
25930000 | USD | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
272529000 | USD | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
0 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-18113000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-21014000 | 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
|
-1363000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2123000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-164000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2345000 | USD | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
84000 | USD | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
780000 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
22470000 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
39195000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-9404000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-6795000 | USD | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-175000 | USD | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
47000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
26000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3292000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1340000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
310531000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
583686000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1629000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
2256000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
15000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
210000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1614000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2046000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
202877000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
438622000 | USD | |
glpi |
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
|
-15291000 | USD | |
glpi |
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
|
-9057000 | USD | |
glpi |
Atm Programofferingcosts
ATMProgramofferingcosts
|
-177000 | USD | |
glpi |
Atm Programofferingcosts
ATMProgramofferingcosts
|
239000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2076383000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1312853000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
11641000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
10005000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2060850000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1417918000 | USD | |
glpi |
Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
|
15747000 | USD | |
glpi |
Paymentsof Premiumand Related Costson Tenderof Senior Unsecured Notes
PaymentsofPremiumandRelatedCostsonTenderofSeniorUnsecuredNotes
|
18879000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-229846000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-581867000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
79071000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-227000 | 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 |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
105894000 | USD |
CY2019Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
25556000 | 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></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 (NYSE: BYD) ("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 & 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 bore 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. On June 24, 2020, the Company received approval from the Missouri Gaming Commission to own the Lumière Place real estate in satisfaction for the CZR loan. The Company closed this transaction on September 29, 2020 and entered into a new triple net lease for this asset whose initial term expires October 31, 2033, with no purchase option, followed by four successive 5-year renewal periods (exercisable by the tenant) on the same terms and conditions (the "Lumière Place Lease"). </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 acquired 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 September 30, 2020, GLPI’s portfolio consisted of interests in 46 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 6 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 24.1 million square feet and were 100% occupied at September 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. Our properties began reopening at limited capacity in May and by early July nearly all had resumed operations at limited capacity. As of the date of this filing, the only property that had not reopened was Zia Park Casino in the Penn Master Lease. | ||
CY2020Q3 | glpi |
Number Of Facilities Whose Real Estate Property Is Included In Entity Portfolio
NumberOfFacilitiesWhoseRealEstatePropertyIsIncludedInEntityPortfolio
|
46 | property |
CY2020Q3 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
16 | state |
CY2020Q3 | glpi |
Realestateoccupancypercentage
Realestateoccupancypercentage
|
1 | |
CY2020Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
43 | property |
CY2020Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8605180000 | USD |
CY2019Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8301496000 | USD |
CY2020Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1364869000 | USD |
CY2019Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1200941000 | USD |
CY2020Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7240311000 | USD |
CY2019Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7100555000 | USD |
CY2020Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
259531000 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
266282000 | USD |
CY2020Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
170212000 | USD |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
172202000 | USD |
CY2020Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89319000 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
94080000 | USD |
CY2020Q3 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
226200000 | USD |
CY2020Q3 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
81300000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
828130000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
838734000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
3440000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
13759000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
13707000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
13638000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
13617000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
644059000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
702220000 | USD |
CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
519754000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
182466000 | USD |
CY2020Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3458000 | USD |
CY2019Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3909000 | USD |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
10625000 | USD | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
11722000 | USD | |
CY2019Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
2319000 | USD |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
2461000 | USD | |
CY2020Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1651000 | USD |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
6823000 | USD | |
CY2020Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
203000 | USD |
CY2019Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
254000 | USD |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
425000 | USD | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
765000 | USD | |
CY2020Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3021000 | USD |
CY2019Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3020000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9061000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15516000 | USD | |
CY2020Q3 | us-gaap |
Lease Cost
LeaseCost
|
8333000 | USD |
CY2019Q3 | us-gaap |
Lease Cost
LeaseCost
|
9502000 | USD |
us-gaap |
Lease Cost
LeaseCost
|
22572000 | USD | |
us-gaap |
Lease Cost
LeaseCost
|
34826000 | USD | |
CY2020Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P53Y14D | |
CY2020Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.067 | |
CY2020Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
436000 | USD |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1373000 | USD | |
CY2020Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
12000 | USD |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
197000 | USD | |
CY2020Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
893000 | USD |
CY2019Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
989000 | USD |
CY2020Q3 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
5799912000 | USD |
CY2019Q4 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
5786163000 | USD |
CY2020Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
47660000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
48201000 | USD |
CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
5752252000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
5737962000 | USD |
CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
134000 | USD |
CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Two And Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsTwoAndThree
|
424307000 | USD |
CY2020Q3 | us-gaap |
Longterm Debt And Capital Lease Obligations Maturities Repayments Of Principal In Years Four And Five
LongtermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearsFourAndFive
|
1750316000 | USD |
CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
|
3625155000 | USD |
CY2020Q3 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
5799912000 | USD |
CY2020Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
400000 | USD |
CY2020Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
1174600000 | USD |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
5394000 | USD | |
CY2020Q3 | glpi |
Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
|
258117000 | USD |
glpi |
Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
|
756705000 | USD | |
CY2020Q3 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-4928000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustmentsin Three Years
StraightLineRentAdjustmentsinThreeYears
|
22124000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Three Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInThreeYears
|
12051000 | USD |
CY2020Q3 | glpi |
Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
|
4476000 | USD |
glpi |
Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
|
11239000 | USD | |
CY2020Q3 | glpi |
Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
|
34000 | USD |
glpi |
Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
|
161000 | USD | |
CY2020Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
267555000 | USD |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
762711000 | USD | |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
253693000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustments Current
StraightLineRentAdjustmentsCurrent
|
814000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable Current
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableCurrent
|
3010000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognized Current
OperatingLeasesFutureIncometoBeRecognizedCurrent
|
257517000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
1014961000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustmentsin Two Years
StraightLineRentAdjustmentsinTwoYears
|
3255000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Two Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInTwoYears
|
12045000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognizedin Two Years
OperatingLeasesFutureIncometoBeRecognizedinTwoYears
|
1030261000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
987266000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognizedin Three Years
OperatingLeasesFutureIncometoBeRecognizedinThreeYears
|
1021441000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
961807000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustmentsin Four Years
StraightLineRentAdjustmentsinFourYears
|
30877000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Four Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInFourYears
|
12057000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognizedin Four Years
OperatingLeasesFutureIncometoBeRecognizedinFourYears
|
1004741000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
929486000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustmentsin Five Years
StraightLineRentAdjustmentsinFiveYears
|
30008000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Five Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInFiveYears
|
12063000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognizedin Five Years
OperatingLeasesFutureIncometoBeRecognizedinFiveYears
|
971557000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
13411936000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustments Thereafter
StraightLineRentAdjustmentsThereafter
|
246801000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable Thereafter
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableThereafter
|
123028000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognized Thereafter
OperatingLeasesFutureIncometoBeRecognizedThereafter
|
13781765000 | USD |
CY2020Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
17559149000 | USD |
CY2020Q3 | glpi |
Straight Line Rent Adjustments Net
StraightLineRentAdjustmentsNet
|
333879000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivable
|
174254000 | USD |
CY2020Q3 | glpi |
Operating Leases Future Incometo Be Recognized
OperatingLeasesFutureIncometoBeRecognized
|
18067282000 | USD |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
218042000 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
214683000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
216140000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
214658000 | shares | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
218847000 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215325000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
216912000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215218000 | shares | |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90547000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
336370000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
276590000 | USD | |
CY2020Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
152000 | USD |
CY2019Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
138000 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
406000 | USD | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
420000 | USD | |
CY2020Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
126974000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
90409000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
335964000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
276170000 | USD | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
218042000 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
214683000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
216140000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
214658000 | shares | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.58 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.55 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.29 | ||
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90547000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
336370000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
276590000 | USD | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
218847000 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215325000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
216912000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215218000 | shares | |
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.58 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.42 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.55 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.29 | ||
CY2020Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6892 | shares |
CY2019Q3 | 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
|
38459 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
57494 | 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 |
CY2019Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.60 | |
CY2019Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
130697000 | 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
|
145978000 | USD |
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.68 | |
CY2018Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
145984000 | USD |
CY2020Q3 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
200000 | USD |
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
600000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
307554000 | USD |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
287612000 | USD |
CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
200701000 | USD |
CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
187625000 | USD |
CY2020Q3 | us-gaap |
Interest Expense
InterestExpense
|
70179000 | USD |
CY2019Q3 | us-gaap |
Interest Expense
InterestExpense
|
75111000 | USD |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
129765000 | USD |
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
91735000 | USD |
CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2639000 | USD |
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1188000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127126000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90547000 | USD |
CY2020Q3 | us-gaap |
Depreciation
Depreciation
|
58080000 | USD |
CY2019Q3 | us-gaap |
Depreciation
Depreciation
|
57302000 | USD |
CY2020Q3 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
488000 | USD |
CY2019Q3 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
709000 | USD |
us-gaap |
Revenues
Revenues
|
853004000 | USD | |
us-gaap |
Revenues
Revenues
|
864489000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
567767000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
529167000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
211657000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
228362000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
338488000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
280363000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2118000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3773000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
336370000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
276590000 | USD | |
us-gaap |
Depreciation
Depreciation
|
172033000 | USD | |
us-gaap |
Depreciation
Depreciation
|
183745000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1629000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
2256000 | USD | |
CY2020Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1945000 | USD |
CY2019Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1418000 | USD |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1054000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
4102000 | USD | |
CY2020Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
43647000 | USD |
CY2019Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
41163000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
182257000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
180494000 | USD |