2022 Q3 Form 10-Q Financial Statement
#000157596522000021 Filed on July 28, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $333.8M | $326.5M | $315.0M |
YoY Change | 11.75% | 2.75% | 4.45% |
Cost Of Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Gross Profit | $333.8M | $326.5M | $315.0M |
YoY Change | 13.95% | 10.54% | 11.84% |
Gross Profit Margin | 100.0% | 100.0% | 100.0% |
Selling, General & Admin | $12.06M | $12.21M | $15.73M |
YoY Change | -7.7% | -27.4% | -2.29% |
% of Gross Profit | 3.61% | 3.74% | 4.99% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $59.89M | $59.96M | $65.12M |
YoY Change | -0.49% | 3.12% | 5.81% |
% of Gross Profit | 17.94% | 18.36% | 20.67% |
Operating Expenses | $71.93M | $74.40M | $107.5M |
YoY Change | -1.8% | -29.57% | 5.98% |
Operating Profit | $317.6M | $237.1M | $199.8M |
YoY Change | 41.08% | 11.77% | -0.15% |
Interest Expense | $76.57M | $78.26M | $77.92M |
YoY Change | 8.72% | 11.14% | 10.66% |
% of Operating Profit | 24.11% | 33.01% | 39.0% |
Other Income/Expense, Net | -$76.09M | -$80.34M | -$77.90M |
YoY Change | 8.04% | 14.19% | 10.83% |
Pretax Income | $241.5M | $156.8M | $121.9M |
YoY Change | 56.12% | 10.57% | -6.1% |
Income Tax | $15.26M | $966.0K | $204.0K |
% Of Pretax Income | 6.32% | 0.62% | 0.17% |
Net Earnings | $220.0M | $151.3M | $119.3M |
YoY Change | 47.56% | 9.48% | -6.22% |
Net Earnings / Revenue | 65.89% | 46.34% | 37.87% |
Basic Earnings Per Share | $0.86 | $0.61 | $0.48 |
Diluted Earnings Per Share | $0.85 | $0.61 | $0.48 |
COMMON SHARES | |||
Basic Shares Outstanding | 255.5M shares | 247.5M shares | 247.5M shares |
Diluted Shares Outstanding | 257.5M shares | 248.4M shares | 248.0M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $59.03M | $6.286M | $156.0M |
YoY Change | -86.05% | -95.74% | -70.04% |
Cash & Equivalents | $59.03M | $6.286M | $156.0M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $59.03M | $6.286M | $156.0M |
YoY Change | -86.05% | -95.74% | -70.04% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.941B | $7.995B | $7.904B |
YoY Change | 19711.34% | 10010.12% | 9789.91% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $656.1M | $740.6M | $740.4M |
YoY Change | -18.17% | -10.8% | 6.92% |
Total Long-Term Assets | $10.72B | $10.65B | $10.56B |
YoY Change | 20.93% | 18.99% | 24.39% |
TOTAL ASSETS | |||
Total Short-Term Assets | $59.03M | $6.286M | $156.0M |
Total Long-Term Assets | $10.72B | $10.65B | $10.56B |
Total Assets | $10.78B | $10.66B | $10.72B |
YoY Change | 16.06% | 17.13% | 18.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.939M | $6.495M | $3.625M |
YoY Change | 4465.13% | 1010.26% | 1712.5% |
Accrued Expenses | $274.4M | $271.5M | $274.6M |
YoY Change | -0.62% | 3.2% | 16.55% |
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 | $281.3M | $278.0M | $278.2M |
YoY Change | 1.51% | 5.44% | 17.04% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.180B | $6.576B | $6.609B |
YoY Change | 7.25% | 14.17% | 14.79% |
Other Long-Term Liabilities | $367.3M | $355.2M | $365.3M |
YoY Change | -0.18% | -5.02% | -1.7% |
Total Long-Term Liabilities | $6.547B | $6.931B | $6.974B |
YoY Change | 6.81% | 13.0% | 13.79% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $281.3M | $278.0M | $278.2M |
Total Long-Term Liabilities | $6.547B | $6.931B | $6.974B |
Total Liabilities | $6.828B | $7.209B | $7.252B |
YoY Change | 6.58% | 12.68% | 13.9% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.808B | -$1.847B | -$1.823B |
YoY Change | 8.56% | 11.56% | 11.41% |
Common Stock | $5.416B | $4.956B | $4.952B |
YoY Change | 19.2% | 13.76% | 15.62% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.607B | $3.110B | $3.129B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.78B | $10.66B | $10.72B |
YoY Change | 16.06% | 17.13% | 18.94% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $220.0M | $151.3M | $119.3M |
YoY Change | 47.56% | 9.48% | -6.22% |
Depreciation, Depletion And Amortization | $59.89M | $59.96M | $65.12M |
YoY Change | -0.49% | 3.12% | 5.81% |
Cash From Operating Activities | $241.0M | $225.3M | $233.2M |
YoY Change | 9.29% | 11.29% | 13.63% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$206.5M | -$157.7M | -$2.421M |
YoY Change | 25118.68% | -67.75% | -499.5% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $148.7M | $0.00 | -$129.0M |
YoY Change | 353.09% | -100.0% | |
Cash From Investing Activities | -$57.88M | -$157.7M | -$131.4M |
YoY Change | -280.94% | -67.75% | 12487.84% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $230.4M | ||
YoY Change | 52.08% | ||
Common Stock Issuance & Retirement, Net | $351.0M | ||
YoY Change | |||
Debt Paid & Issued, Net | $422.9M | ||
YoY Change | 1281496.97% | ||
Cash From Financing Activities | -130.4M | -217.4M | -$670.3M |
YoY Change | -663.69% | 150.54% | 315.38% |
NET CHANGE | |||
Cash From Operating Activities | 241.0M | 225.3M | $233.2M |
Cash From Investing Activities | -57.88M | -157.7M | -$131.4M |
Cash From Financing Activities | -130.4M | -217.4M | -$670.3M |
Net Change In Cash | 52.74M | -149.7M | -$568.6M |
YoY Change | -183.41% | -55.81% | -1758.18% |
FREE CASH FLOW | |||
Cash From Operating Activities | $241.0M | $225.3M | $233.2M |
Capital Expenditures | -$206.5M | -$157.7M | -$2.421M |
Free Cash Flow | $447.5M | $382.9M | $235.6M |
YoY Change | 102.21% | -44.61% | 15.15% |
Facts In Submission
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3298000 | usd |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-70359000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-158244000 | usd | |
CY2021Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | usd |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3298000 | usd | |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | usd | |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
59964000 | usd |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
58150000 | usd |
us-gaap |
Depreciation
Depreciation
|
119093000 | usd | |
us-gaap |
Depreciation
Depreciation
|
116851000 | usd | |
CY2022Q2 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
2222000 | usd |
CY2021Q2 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | usd |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
28878000 | usd | |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | usd | |
CY2022Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
89416000 | usd |
CY2021Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
105637000 | usd |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
204586000 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
207079000 | usd | |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
237097000 | usd |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
212124000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
436893000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
412225000 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
78257000 | usd |
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
70413000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
156179000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
140826000 | usd | |
CY2022Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
102000 | usd |
CY2021Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
54000 | usd |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
124000 | usd | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
178000 | usd | |
CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2189000 | usd |
CY2021Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2189000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-80344000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-140648000 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
156753000 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
141765000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
278649000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
271577000 | usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
966000 | usd |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3549000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1170000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6177000 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
155787000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138216000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
277479000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
265400000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
4473000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6897000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
270582000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
265400000 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3390140000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
151314000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138216000 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.09 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.14 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.59 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.09 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.14 | ||
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-37000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-4265000 | usd |
CY2022Q2 | us-gaap |
Dividends
Dividends
|
174724000 | usd |
CY2022Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
5083000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
121692000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3468485000 | usd |
CY2022Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
5194000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
155787000 | usd |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.69 | |
CY2022Q1 | us-gaap |
Dividends
Dividends
|
171005000 | usd |
CY2022Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
137043000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
4308000 | usd |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.705 | |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3448662000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2675018000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-95000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-3968000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
277479000 | usd | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2646643000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
70323000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
3612000 | usd |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.65 | |
CY2021Q1 | us-gaap |
Dividends
Dividends
|
151496000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
127184000 | usd |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd | |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.67 | |
CY2021Q2 | us-gaap |
Dividends
Dividends
|
157063000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138216000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2701731000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
265400000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
128373000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
122700000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
5250000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4940000 | usd | |
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
0 | usd | |
glpi |
Interest Income Paidinkind
InterestIncomePaidinkind
|
8865000 | usd | |
glpi |
Interest Income Paidinkind
InterestIncomePaidinkind
|
0 | usd | |
glpi |
Finance Lease Liability Non Cash Adjustment
FinanceLeaseLiabilityNonCashAdjustment
|
239000 | usd | |
glpi |
Finance Lease Liability Non Cash Adjustment
FinanceLeaseLiabilityNonCashAdjustment
|
0 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
51000 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-93000 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
81000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11908000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9400000 | usd | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
1523000 | usd | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-1656000 | usd | |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3298000 | usd | |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2189000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
28878000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1004000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
13250000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-1687000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-9231000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3303000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3851000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-3231000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1366000 | usd | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-14860000 | usd | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
359000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
458462000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
402571000 | usd | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
9918000 | usd | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1120000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
36000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1352000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
51000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
93000 | usd | |
glpi |
Payments For Investment In Leases
PaymentsForInvestmentInLeases
|
129047000 | usd | |
glpi |
Payments For Investment In Leases
PaymentsForInvestmentInLeases
|
0 | usd | |
us-gaap |
Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
|
150126000 | usd | |
us-gaap |
Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
|
487449000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-289076000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-489828000 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
405120000 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
308559000 | usd | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
10277000 | usd | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
0 | usd | |
glpi |
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
|
-11865000 | usd | |
glpi |
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options
ProceedsRepaymentsRelatedtoTaxWithholdingOnRestrictedStockAwardVestingsNetofProceedsfromExerciseofOptions
|
-9756000 | usd | |
glpi |
Atm Programofferingcosts
ATMProgramofferingcosts
|
37000 | usd | |
glpi |
Atm Programofferingcosts
ATMProgramofferingcosts
|
-70228000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
424000000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
7415000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
876981000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
67000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-887695000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-248154000 | usd | |
glpi |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Within Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectWithinAssetsHeldForSale
|
-718309000 | usd | |
glpi |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Within Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectWithinAssetsHeldForSale
|
-335411000 | usd | |
glpi |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseAssetsHeldForSale
|
0 | usd | |
glpi |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseAssetsHeldForSale
|
-3446000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-718309000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-338857000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
724595000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
486451000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6286000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
147594000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Business and Operations<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="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="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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASC 505"</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">).</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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. In addition, during 2020, the Company and Tropicana LV, LLC, a wholly owned subsidiary of the Company which holds the real estate of Tropicana Las Vegas Casino Hotel Resort ("Tropicana Las Vegas"), elected to treat Tropicana LV, LLC as a TRS. Further, as partial consideration for the transactions with The Cordish Companies ("Cordish") described below, the Company's operating partnership (the "OP") issued 7,366,683 newly-issued operating partnership units ("OP Units") to affiliates of Cordish. OP Units are exchangeable for common shares of the Company on a one-for-one basis, subject to certain terms and conditions. As a result of the contribution, the OP became treated as a regarded partnership for income tax purposes, with the REIT being deemed to contribute substantially all of the assets and liabilities of the REIT in exchange for the general partnership and a majority of the limited partnership interests, and a minority limited partnership interest being owned by Cordish (the "UPREIT Transaction"). In advance of the UPREIT Transaction, the Company elected GLP Financing II, Inc. to be treated as a TRS effective December 23, 2021. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On July 1, 2021, the Company sold the operations of Hollywood Casino Perryville to Penn and is leasing the real estate to Penn pursuant to a standalone lease. On December 17, 2021, the Company sold the operations of Hollywood Casino Baton Rouge to Casino Queen and is leasing the real estate to Casino Queen pursuant to the Casino Queen Master Lease as described below. On December 17, 2021, GLPI declared a special dividend to the Company's shareholders to distribute the accumulated earnings and profits attributable to these sales. In 2021, as a result of the sale of the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, GLP Holdings, Inc. was merged into GLP Capital, L.P., a wholly owned subsidiary of GLPI. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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, 2022, GLPI’s portfolio consisted of interests in 57 gaming and related facilities, including approximately 35 acres of real estate at Tropicana Las Vegas, the real property associated with 34 gaming and related facilities operated by Penn, the real property associated with 7 gaming and related facilities operated by Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars"), the real property associated with 4 gaming and related facilities operated by Boyd Gaming Corporation (NYSE: BYD) ("Boyd"), the real property associated with 6 gaming and related facilities operated by Bally's Corporation (NYSE: BALY) ("Bally's"), the real property associated with 3 gaming and related facilities operated by Cordish and the real property associated with 2 gaming and related facilities operated by Casino Queen Holding Company ("Casino Queen"). These facilities, including our corporate headquarters building, are geographically diversified across 17 states and contain approximately $29.0 million square feet. As of June 30, 2022, the Company's properties were 100% occupied. GLPI expects to continue growing its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators under prudent terms.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Penn Master Lease </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="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 pursuant to a unitary master lease (the "Penn Master Lease"). The Penn Master Lease is a triple-net operating lease, the current term of which expires October 31, 2033, with no purchase option, followed by three remaining 5-year renewal options (exercisable by the tenant) on the same terms and conditions. See Note 11 for a discussion regarding such renewal options. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Amended Pinnacle Master Lease, Boyd Master Lease and Belterra Park Lease</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, the term of which expires on April 30, 2031, with no purchase option, followed by four remaining 5-year renewal options (exercisable by the tenant) 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 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 the tenant) 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 (the "Belterra Park Loan"). In May 2020, the Company acquired the real estate of Belterra Park in satisfaction of the Belterra Park Loan, subject to a long-term lease (the "Belterra Park Lease") with a Boyd affiliate operating the property.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Belterra Park Lease rent terms are consistent with the Boyd Master Lease.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The annual rent is comprised of a fixed component, part of which is subject to an annual escalator of up to 2% if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities which is adjusted, subject to certain floors, every two years to an amount equal to 4% of the average annual net revenues of Belterra Park during the preceding two years in excess of a contractual baseline. </span></div><div style="text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Meadows Lease</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The real estate assets of the Meadows Racetrack and Casino are leased to Penn pursuant to a single property triple-net lease (the "Meadows Lease"). The Meadows Lease commenced on September 9, 2016 and has an initial term of 10 years, with no purchase option, and the option to renew for three successive 5-year terms and one 4-year term (exercisable by the tenant) on the same terms and conditions. The Meadows Lease contains a fixed component, subject to annual escalators, and a component that is based on the performance of the facility, which is reset every two years to an amount determined by multiplying (i) 4% by (ii) the average annual net revenues of the facility for the trailing two-year period. The Meadows Lease contains an annual escalator provision for up to 5% of the base rent, if certain rent coverage ratio thresholds are met, which remains at 5% until the earlier of ten years or the year in which total rent is $31 million, at which point the escalator will be reduced to a maximum of 2% annually thereafter. </span></div><div style="text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Amended and Restated Caesars Master Lease</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. ("GLP Capital"), the operating partnership of GLPI, which was subsequently amended on October 1, 2018 (as amended, the "Amended Real Estate Purchase Agreement"). Pursuant to the terms of the Amended Real Estate Purchase Agreement, the Company acquired the real estate assets of Tropicana Atlantic City, Tropicana Evansville, Tropicana Laughlin, Trop Casino Greenville and the Belle of Baton Rouge (the "GLP Assets") from Tropicana for an aggregate cash purchase price of $964.0 million, exclusive of transaction fees and taxes (the "Tropicana Acquisition"). Concurrent with the Tropicana Acquisition, Eldorado Resorts, Inc. (now doing business as 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, Caesars and a wholly-owned subsidiary of Caesars and leased the GLP Assets from the </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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"). </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 15, 2020, the Company amended and restated the Caesars Master Lease (as amended, the "Amended and Restated Caesars Master Lease") to, (i) extend the initial term of 15 years to 20 years, with renewals of up to an additional 20 years at the option of Caesars, (ii) remove the variable rent component in its entirety commencing with the third lease year, (iii) in the third lease year, increase annual land base rent to approximately $23.6 million and annual building base rent to approximately $62.1 million, (iv) provide fixed escalation percentages that delay the escalation of building base rent until the commencement of the fifth lease year with building base rent increasing annually by 1.25% in the fifth and sixth lease years, 1.75% in the seventh and eighth lease years and 2% in the ninth lease year and each lease year thereafter, (v) subject to the satisfaction of certain conditions, permit Caesars to elect to replace the Tropicana Evansville and/or Tropicana Greenville properties under the Amended and Restated Caesars Master Lease with one or more of Caesars Gaming Scioto Downs, The Row in Reno, Isle Casino Racing Pompano Park, Isle Casino Hotel – Black Hawk, Lady Luck Casino – Black Hawk, Isle Casino Waterloo ("Waterloo"), Isle Casino Bettendorf ("Bettendorf") or Isle of Capri Casino Boonville, provided that the aggregate value of such new property, individually or collectively, is at least equal to the value of Tropicana Evansville or Tropicana Greenville, as applicable, (vi) permit Caesars to elect to sell its interest in Belle of Baton Rouge and sever it from the Amended and Restated Caesars Master Lease (with no change to the rent obligation to the Company), subject to the satisfaction of certain conditions, and (vii) provide certain relief under the operating, capital expenditure and financial covenants thereunder in the event of facility closures due to pandemics, governmental restrictions and certain other instances of unavoidable delay. The effectiveness of the Amended and Restated Caesars Master Lease was subject to the review and approval of certain gaming regulatory agencies and the expiration of applicable gaming regulatory advance notice periods which were received on July 23, 2020. On December 18, 2020, the Company and Caesars completed an Exchange Agreement (the "Exchange Agreement") with subsidiaries of Caesars in which Caesars transferred to the Company the real estate assets of Waterloo and Bettendorf in exchange for the transfer by the Company to Caesars of the real property assets of Tropicana Evansville, plus a cash payment of $5.7 million. In connection with the Exchange Agreement, the annual building base rent was increased to $62.5 million and the annual land component was increased to $23.7 million. </span></div><div style="text-align:justify;text-indent:24.75pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Lumière Place Lease</span></div><div style="text-align:justify;text-indent:24.75pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 1, 2018, the Company entered into a loan agreement with Caesars in connection with Caesars’s acquisition of Lumière Place Casino ("Lumière Place"), whereby the Company loaned Caesars $246.0 million (the "CZR loan"). 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 property in satisfaction of the CZR loan. On September 29, 2020, the transaction closed and we entered into a new triple net lease with Caesars (the "Lumière Place Lease") the initial term of which expires on October 31, 2033, with four separate renewal options of five years each, exercisable at the tenant's option. The Lumière Place Lease's rent was adjusted on December 1, 2021 such that the annual escalator is now fixed at 1.25% for the second through fifth lease years, increasing to 1.75% for the sixth and seventh lease years and thereafter increasing by 2.0% for the remainder of the lease. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bally's Master Lease</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 3, 2021, the Company completed its previously announced transaction pursuant to which a subsidiary of Bally's acquired 100% of the equity interests in the Caesars subsidiary that currently operates Tropicana Evansville and the Company reacquired the real property assets of Tropicana Evansville from Caesars for a cash purchase price of approximately $340.0 million. In addition, the Company purchased the real estate assets of Dover Downs Hotel & Casino from Bally's for a cash purchase price of approximately $144.0 million. The real estate assets of these two facilities were added to a new triple net master lease (the "Bally's Master Lease") which has an initial term of 15 years, with no purchase option, followed by four 5-year renewal options (exercisable by the tenant) on the same terms and conditions. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 1, 2022, the Company completed the previously announced acquisition from Bally's of the land and real estate assets of Bally's three Black Hawk Casinos in Black Hawk, Colorado and Bally's Quad Cities Casino & Hotel in Rock Island, Illinois for $150 million in total consideration. These properties were added to the existing Bally's Master Lease and the initial rent for the lease was increased by $12.0 million on an annual basis, subject to the escalation clauses described above. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 28, 2022, the Company announced that it entered into a binding term sheet with Bally's to acquire the real property assets of Bally's Twin River Lincoln Casino Resort ("Lincoln") and Bally's Tiverton Casino & Hotel ("Tiverton"), subject to customary regulatory approvals with Lincoln also subject to lender consent. Pursuant to the terms of the transaction, </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Bally’s would immediately lease back both properties and continue to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis. Total consideration for the acquisition is $1.0 billion and GLPI intends to fund the transaction through a mix of debt, equity, and OP Units. Both properties are expected to be added to the existing Bally’s Master Lease with incremental rent of $76.3 million. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If all third-party consents and approvals for the acquisition of Lincoln are not timely received, then GLPI would instead acquire the real property assets of the Hard Rock Hotel & Casino Biloxi in Mississippi along with Tiverton, for $635 million with total rent of $48.5 million. In that event, GLPI would also have the option, subject to receipt of required consents, to acquire the real property assets of Lincoln prior to December 31, 2024 for a purchase price of $771 million and additional rent of $58.8 million.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with GLPI’s commitment to consummate the Bally’s acquisitions, it also agreed to pre-fund, at Bally’s election, a deposit of up to $200.0 million, which will be credited or repaid to GLPI at the earlier of closing and December 31, 2023, in either case along with a $9.0 million transaction fee to be credited against the purchase price at closing.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Tropicana Las Vegas</span></div><div style="text-align:justify;text-indent:24.75pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="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 to acquire the real property associated with the Tropicana Las Vegas from Penn in exchange for $307.5 million of rent credits which were applied against future rent obligations due under the parties' existing leases during 2020. An affiliate of Penn continues to operate the casino and hotel business of Tropicana Las Vegas pursuant to a triple net lease with GLPI for nominal rent for the earlier of two years or until the Tropicana Las Vegas is sold. See Note 16 for the anticipated sale of the building and sale-lease back of the land for this asset.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Morgantown Lease </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 1, 2020, the Company and Penn closed on their previously announced transaction whereby GLPI acquired the land under Penn's gaming facility under construction in Morgantown, Pennsylvania in exchange for $30.0 million in rent credits which were fully utilized by Penn in the fourth quarter of 2020. The Company is leasing the land back to an affiliate of Penn for an initial term of 20 years, followed by six 5-year renewal options exercisable by the tenant (the "Morgantown Lease"). </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:103%">Casino Queen Master Lease</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 25, 2020, the Company entered into a definitive agreement to sell the operations of our Hollywood Casino Baton Rouge to Casino Queen for $28.2 million (the "HCBR transaction"). The HCBR transaction closed on December 17, 2021. The Company retained ownership of all real estate assets at Hollywood Casino Baton Rouge and simultaneously entered into a triple net master lease with Casino Queen, which includes the Casino Queen property in East St. Louis that is currently leased by the Company to Casino Queen and the Hollywood Casino Baton Rouge facility ("Casino Queen Master Lease"). The initial annual cash rent is approximately $21.4 million and the lease has an initial term of 15 years with four 5-year renewal options exercisable by the tenant. This rental amount will be increased annually by 0.5% for the first six years. Beginning with the seventh lease year through the remainder of the lease term, if the Consumer Price Index ("CPI") increases by at least 0.25% for any lease year then annual rent shall be increased by 1.25%, and if the CPI increase is less than 0.25% then rent will remain unchanged for such lease year. Additionally, the Company will complete the current landside development project that is in process and the rent under the Casino Queen Master Lease will be adjusted upon delivery to reflect a yield of 8.25% on GLPI's project costs. The Company will also have a right of first refusal with Casino Queen for other sale leaseback transactions up to $50 million over the next 2 years. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Perryville Lease</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 15, 2020, the Company announced that Penn exercised its option to purchase from the Company the operations of our Hollywood Casino Perryville, located in Perryville, Maryland, for $31.1 million. The transaction closed on July 1, 2021 and the real estate assets of the Hollywood Casino Perryville are being leased to Penn on a triple net basis (the "Perryville Lease").</span></div>Maryland Live! Lease and Pennsylvania Live! LeaseOn December 6, 2021, the Company announced that it had agreed to acquire the real property assets of Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, including applicable long-term ground leases, from affiliates of Cordish for aggregate consideration of approximately $1.81 billion, excluding transaction costs at deal announcement. The transaction also includes a binding partnership on future Cordish casino developments, as well as potential financing partnerships between the Company and Cordish in other areas of Cordish's portfolio of real estate and operating businesses. On December 29, 2021, the Company completed its acquisition of the real property assets of Live! Casino & Hotel Maryland and entered into a single asset lease for Live! Casino & Hotel Maryland (the "Maryland Live Lease") that has an initial lease terms of 39 years, with a maximum term of 60 years inclusive of tenant renewal options. On March 1, 2022, the Company completed its acquisition of the real estate assets of Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh for $689 million and leased back the real estate to Cordish pursuant to a new triple net master lease with Cordish (the "Pennsylvania Live! Master Lease"). The annual rent for the Maryland Live! Lease is $75.0 million and the Pennsylvania Live! Master Lease is $50.0 million, both of which have a 1.75% fixed yearly escalator on the entirety of rent commencing on the leases' second anniversary. | ||
CY2022Q2 | glpi |
Number Of Facilities Whose Real Estate Property Is Included In Entity Portfolio
NumberOfFacilitiesWhoseRealEstatePropertyIsIncludedInEntityPortfolio
|
57 | property |
CY2022Q2 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
17 | state |
CY2022Q2 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
29000000 | sqft |
CY2022Q2 | glpi |
Realestateoccupancypercentage
Realestateoccupancypercentage
|
1 | |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
|
6740133000 | usd |
CY2021Q4 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
|
4012937000 | usd |
CY2022Q2 | us-gaap |
Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
|
940885000 | usd |
CY2021Q4 | us-gaap |
Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
|
601947000 | usd |
CY2022Q2 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
7681018000 | usd |
CY2021Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
4614884000 | usd |
CY2022Q2 | glpi |
Financing Receivable Contract With Customer Liability
FinancingReceivableContractWithCustomerLiability
|
5769275000 | usd |
CY2021Q4 | glpi |
Financing Receivable Contract With Customer Liability
FinancingReceivableContractWithCustomerLiability
|
3400988000 | usd |
CY2022Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
41104000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
12226000 | usd |
CY2022Q2 | us-gaap |
Direct Financing Lease Net Investment In Lease After Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
|
1870639000 | usd |
CY2021Q4 | us-gaap |
Direct Financing Lease Net Investment In Lease After Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
|
1201670000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
|
63605000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
|
127222000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
|
129286000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
|
131532000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
|
133816000 | usd |
CY2022Q2 | glpi |
Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
|
6154672000 | usd |
CY2022Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
|
6740133000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
12226000 | usd |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
|
26656000 | usd |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
38882000 | usd |
CY2022Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
|
2222000 | usd |
CY2022Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
41104000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year One Originated Current Fiscal Year
NetInvestmentInLeaseAndFinancingReceivableYearOneOriginatedCurrentFiscalYear
|
691674000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year
NetInvestmentInLeaseAndFinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
|
1220069000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndFinancingReceivableBeforeAllowanceForCreditLoss
|
1911743000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year One Originated Current Fiscal Year Allowance For Credit Loss
NetInvestmentInLeaseAndFinancingReceivableYearOneOriginatedCurrentFiscalYearAllowanceForCreditLoss
|
32716000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Allowance For Credit Loss
NetInvestmentInLeaseAndFinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearAllowanceForCreditLoss
|
8388000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Allowance For Credit Loss
NetInvestmentInLeaseAndFinancingReceivableAllowanceForCreditLoss
|
41104000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year One Originated Current Fiscal Year Amortized Cost
NetInvestmentInLeaseAndFinancingReceivableYearOneOriginatedCurrentFiscalYearAmortizedCost
|
658958000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Amortized Cost
NetInvestmentInLeaseAndFinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearAmortizedCost
|
1211681000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Amortized Cost
NetInvestmentInLeaseAndFinancingReceivableAmortizedCost
|
1870639000 | usd |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year One Originated Current Fiscal Year Allowance For Credit Loss Percentage
NetInvestmentInLeaseAndFinancingReceivableYearOneOriginatedCurrentFiscalYearAllowanceForCreditLossPercentage
|
-0.0473 | |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Allowance For Credit Loss Percentage
NetInvestmentInLeaseAndFinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearAllowanceForCreditLossPercentage
|
-0.0069 | |
CY2022Q2 | glpi |
Net Investment In Lease And Financing Receivable Allowance For Credit Loss Percentage
NetInvestmentInLeaseAndFinancingReceivableAllowanceForCreditLossPercentage
|
-0.0215 | |
CY2022Q2 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
56 | property |
CY2022Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
15618000 | usd |
CY2021Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
5699000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
9612071000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
9458918000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1799426000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1681367000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7812645000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7777551000 | usd |
CY2022Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3300000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
841537000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
851819000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
6778000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
13556000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
13505000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
13452000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
13459000 | usd |
CY2022Q2 | glpi |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
610693000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
671443000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
488543000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
182900000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3370000 | usd |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3228000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
6740000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
6156000 | usd | |
CY2022Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
5072000 | usd |
CY2021Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
2129000 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
9427000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
3139000 | usd | |
CY2022Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2021Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
301000 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
628000 | usd | |
CY2022Q2 | us-gaap |
Lease Cost
LeaseCost
|
11732000 | usd |
CY2021Q2 | us-gaap |
Lease Cost
LeaseCost
|
8664000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
25447000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
15772000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P51Y5M12D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.066 | |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
404000 | usd |
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
403000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
809000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
807000 | usd | |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
1105000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
2222000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
2244000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
2267000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
2289000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
304371000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
314498000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
260950000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
53548000 | usd |
CY2022Q2 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
6569655000 | usd |
CY2021Q4 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
6599744000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
47349000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
47372000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
6522306000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
6552372000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
72000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
500149000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
400156000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
850164000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1369114000 | usd |
CY2022Q2 | glpi |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
3450000000 | usd |
CY2022Q2 | glpi |
Long Term Debt Grossand Lease Obligations
LongTermDebtGrossandLeaseObligations
|
6569655000 | usd |
CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2200000 | usd |
CY2022Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
400000 | usd |
CY2022Q2 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
1355600000 | usd |
CY2022Q2 | glpi |
Number Of Miles
NumberOfMiles
|
60 | mi |
CY2022Q2 | us-gaap |
Net Investment In Lease
NetInvestmentInLease
|
1870639000 | usd |
CY2022Q2 | glpi |
Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
|
316059000 | usd |
glpi |
Operating Lease Cash Rent Received
OperatingLeaseCashRentReceived
|
617885000 | usd | |
CY2022Q2 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
3066000 | usd |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
1523000 | usd | |
CY2022Q2 | glpi |
Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
|
8270000 | usd |
glpi |
Operating Lease Ground Lease Income
OperatingLeaseGroundLeaseIncome
|
16008000 | usd | |
CY2022Q2 | us-gaap |
Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
|
5140000 | usd |
us-gaap |
Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
|
8865000 | usd | |
CY2022Q2 | glpi |
Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
|
110000 | usd |
glpi |
Operating Lease Other Rental Revenue
OperatingLeaseOtherRentalRevenue
|
244000 | usd | |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
326513000 | usd |
us-gaap |
Revenues
Revenues
|
641479000 | usd | |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
550235000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustments Current
StraightLineRentAdjustmentsCurrent
|
5817000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable Current
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableCurrent
|
5973000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognized Current
OperatingLeasesFutureIncometoBeRecognizedCurrent
|
562025000 | usd |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
1090461000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustmentsin Two Years
StraightLineRentAdjustmentsinTwoYears
|
17316000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Two Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInTwoYears
|
11949000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognizedin Two Years
OperatingLeasesFutureIncometoBeRecognizedinTwoYears
|
1119726000 | usd |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
1031473000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustmentsin Three Years
StraightLineRentAdjustmentsinThreeYears
|
49139000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Three Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInThreeYears
|
11951000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognizedin Three Years
OperatingLeasesFutureIncometoBeRecognizedinThreeYears
|
1092563000 | usd |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
1019716000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustmentsin Four Years
StraightLineRentAdjustmentsinFourYears
|
47529000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Four Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInFourYears
|
11953000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognizedin Four Years
OperatingLeasesFutureIncometoBeRecognizedinFourYears
|
1079198000 | usd |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
953424000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustmentsin Five Years
StraightLineRentAdjustmentsinFiveYears
|
42046000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable In Five Years
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableInFiveYears
|
11130000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognizedin Five Years
OperatingLeasesFutureIncometoBeRecognizedinFiveYears
|
1006600000 | usd |
CY2022Q2 | glpi |
Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
|
6313213000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustments Thereafter
StraightLineRentAdjustmentsThereafter
|
168744000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable Thereafter
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivableThereafter
|
67232000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognized Thereafter
OperatingLeasesFutureIncometoBeRecognizedThereafter
|
6549189000 | usd |
CY2022Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
10958522000 | usd |
CY2022Q2 | glpi |
Straight Line Rent Adjustments Net
StraightLineRentAdjustmentsNet
|
330591000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Minimum Base Ground Payments Receivable
OperatingLeasesFutureMinimumBaseGroundPaymentsReceivable
|
120188000 | usd |
CY2022Q2 | glpi |
Operating Leases Future Incometo Be Recognized
OperatingLeasesFutureIncometoBeRecognized
|
11409301000 | usd |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
247544000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233250000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
247538000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233014000 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248361000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
234050000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248322000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
233768000 | shares | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
151314000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138216000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
270582000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
265400000 | usd | |
CY2022Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
88000 | usd |
CY2021Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
85000 | usd |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
143000 | usd | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
149000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
151226000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
138131000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
270439000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
265251000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
247544000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233250000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
247538000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233014000 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.09 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.14 | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
151314000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
138216000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
270582000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
265400000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248361000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
234050000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248322000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
233768000 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.59 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.09 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.14 | ||
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
43 | shares |
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
35 | shares |
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
35 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
58 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
97 | shares | |
CY2022Q2 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
5200000 | usd |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
10300000 | usd | |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.69 | |
CY2022Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
170805000 | usd |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.705 | |
CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
174519000 | usd |
CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.65 | |
CY2021Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
151308000 | usd |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.67 | |
CY2020Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
156876000 | usd |
CY2022Q1 | us-gaap |
Dividends
Dividends
|
59300000 | usd |
CY2022Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
7179000 | usd |
CY2021Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6540000 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
7179000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6564000 | usd | |
CY2022Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
79215000 | usd |
CY2021Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
78878000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
136291000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
137523000 | usd | |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7935000 | shares |
CY2022Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
351000000 | usd |