PENN Entertainment, Inc. (PENN)
NASDAQ: PENN · Real-Time Price · USD
17.07
-0.13 (-0.76%)
Sep 4, 2026, 4:00 PM EDT - Market closed
PENN Entertainment Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -906.7 | -843.1 | -311.5 | -490 | 222.1 | 420.8 |
Depreciation & Amortization | 463.2 | 446.9 | 433.6 | 435.1 | 567.5 | 344.5 |
Other Amortization | 8.3 | 8.3 | 8.7 | 8.1 | 9 | 22.8 |
Loss (Gain) From Sale of Assets | 0.4 | 0.4 | 10 | 923.3 | 7.9 | 1.1 |
Asset Writedown & Restructuring Costs | 930.3 | 945.3 | 89.1 | 130.6 | 118.2 | - |
Loss (Gain) From Sale of Investments | - | - | - | - | 69.9 | 24.9 |
Loss (Gain) on Equity Investments | 3.5 | -0.3 | 5.3 | 8 | 10.1 | -6.9 |
Stock-Based Compensation | 60.7 | 60.9 | 52.9 | 85.9 | 58.1 | 35.1 |
Other Operating Activities | 482.3 | 288 | 388 | -254.5 | -23.2 | 143.2 |
Change in Accounts Receivable | 5 | 1.6 | 58.9 | -74.8 | -81.2 | -82.3 |
Change in Accounts Payable | 5.4 | -2.4 | 14.2 | -8.6 | -13.4 | -30.4 |
Change in Income Taxes | -12.9 | -3.8 | 33.4 | -50.2 | 27.3 | 10.2 |
Change in Other Net Operating Assets | -388.3 | -393.6 | -423.3 | -257 | -94.1 | 13.1 |
Operating Cash Flow | 651.2 | 508.2 | 359.3 | 455.9 | 878.2 | 896.1 |
Operating Cash Flow Growth | 30.84% | 41.44% | -21.19% | -48.09% | -2.00% | 164.49% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -555.1 | -647.7 | -482.7 | -360 | -263.4 | -244.1 |
Sale of Property, Plant & Equipment | - | - | - | - | 4.9 | 1.5 |
Cash Acquisitions | - | - | - | -314.6 | - | -919.6 |
Divestitures | - | - | - | -50.9 | - | - |
Sale (Purchase) of Intangibles | -38.1 | -37.7 | -57.9 | -21.9 | -9 | -24.2 |
Investment in Securities | -17.8 | - | - | - | -15 | -26 |
Other Investing Activities | 559.8 | 334.3 | -0.6 | 4.8 | 23.9 | -9.4 |
Investing Cash Flow | -51.2 | -351.1 | -541.2 | -742.6 | -258.6 | -1,222 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 904.3 | 29.3 | 34.4 | 1,545 | 426.6 |
Total Debt Issued | 2,584 | 904.3 | 29.3 | 34.4 | 1,545 | 426.6 |
Long-Term Debt Repaid | - | -696.8 | -164 | -123.8 | -1,756 | -135.6 |
Total Debt Repaid | -2,687 | -696.8 | -164 | -123.8 | -1,756 | -135.6 |
Net Debt Issued (Repaid) | -103.5 | 207.5 | -134.7 | -89.4 | -211.2 | 291 |
Issuance of Common Stock | - | - | - | - | 6.9 | 10.8 |
Repurchase of Common Stock | -239.1 | -354.4 | - | -149.8 | -601.1 | - |
Other Financing Activities | -37.4 | -18.7 | -51.8 | -23.4 | -47.6 | 38.1 |
Financing Cash Flow | -380 | -165.6 | -186.5 | -262.6 | -853 | 339.9 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -3 | -0.5 | -2.3 | -0.4 | -2.5 | -4.5 |
Net Cash Flow | 217 | -9 | -370.7 | -549.7 | -235.9 | 9.7 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 96.1 | -139.5 | -123.4 | 95.9 | 614.8 | 652 |
Free Cash Flow Growth | - | - | - | -84.40% | -5.71% | 223.09% |
Free Cash Flow Margin | 1.34% | -2.00% | -1.88% | 1.51% | 9.60% | 11.04% |
Free Cash Flow Per Share | 0.71 | -0.96 | -0.81 | 0.63 | 3.48 | 3.71 |
Levered Free Cash Flow | -54.33 | -293.76 | -217.98 | 97.3 | 546.19 | 603.99 |
Unlevered Free Cash Flow | 187.94 | -48.44 | 67.39 | 379.64 | 1,011 | 932.94 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 382.9 | 383 | 415.5 | 420.1 | 721.7 | 514.6 |
Cash Income Tax Paid | - | 4.7 | -3.8 | 73.9 | 72.8 | 108.3 |
Change in Working Capital | -390.8 | -398.2 | -316.8 | -390.6 | -161.4 | -89.4 |