Penn Historical Income Statement

PENN Stock

USD 21.08 0.21 0.99%

Historical analysis of Penn National income statement accounts such as Other Operating Expenses of 7.4 B, Operating Income of 264.9 M, EBITDA of 514.3 M or Cost Of Revenue of 4.7 B can show how well Penn National Gaming performed in making a profits. Evaluating Penn National income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Penn National's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Penn National Gaming latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Penn National Gaming is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Penn Income Statement Analysis

Penn National Gaming Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Penn National shareholders. The income statement also shows Penn investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Penn National Income Statement Chart

At this time, Penn National's Total Operating Expenses is very stable compared to the past year. As of the 28th of November 2024, Selling General Administrative is likely to grow to about 1.6 B, while Gross Profit is likely to drop about 1 B.

Total Revenue Gross Profit Other Operating Expenses Ebitda Selling And Marketing Expenses

Total Revenue

Total revenue comprises all receipts Penn National Gaming generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Penn National Gaming minus its cost of goods sold. It is profit before Penn National operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Penn National Gaming. It is also known as Penn National overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Penn National's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Penn National Gaming current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	2.8B	1.9B	1.0B
Total Revenue	5.9B	6.4B	6.4B	6.7B

Gross Profit Total Revenue

Penn National income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.81	0.9	0.88	0.79	0.52	0.28	0.62	0.8	0.73	-0.09	-0.65	-0.09	-0.02	0.81	-0.26	-0.08	-0.22	0.12	0.58	-0.07	-0.69	-0.72	0.85	0.25
Interest Expense	0.81		0.73	0.74	0.62	0.71	0.37	0.62	0.64	0.53	0.07	-0.27	0.15	-0.19	0.57	-0.17	0.16	-0.58	0.21	0.45	-0.3	-0.87	-0.69	0.67	0.16
Total Revenue	0.9	0.73		0.77	0.96	0.49	0.22	0.54	0.97	0.9	-0.04	-0.65	-0.07	0.08	0.91	-0.56	-0.06	-0.33	-0.15	0.75	0.01	-0.67	-0.49	0.81	0.54
Gross Profit	0.88	0.74	0.77		0.6	0.64	0.56	0.79	0.62	0.49	0.2	-0.47	0.19	0.06	0.64	0.1	0.21	-0.23	0.19	0.41	0.0	-0.63	-0.74	0.67	0.05
Other Operating Expenses	0.79	0.62	0.96	0.6		0.33	-0.02	0.31	0.99	0.98	-0.2	-0.67	-0.24	0.06	0.94	-0.73	-0.23	-0.33	-0.23	0.8	0.01	-0.61	-0.31	0.77	0.72
Operating Income	0.52	0.71	0.49	0.64	0.33		0.59	0.68	0.39	0.21	0.7	0.22	0.68	0.23	0.28	0.08	0.69	-0.4	0.28	0.13	-0.07	-0.6	-0.59	0.43	-0.05
Ebit	0.28	0.37	0.22	0.56	-0.02	0.59		0.93	0.08	-0.2	0.71	0.07	0.73	0.15	-0.12	0.44	0.74	-0.12	-0.07	-0.11	0.08	-0.2	-0.51	0.1	-0.45
Ebitda	0.62	0.62	0.54	0.79	0.31	0.68	0.93		0.39	0.13	0.55	-0.2	0.56	0.13	0.23	0.23	0.57	-0.19	-0.03	0.15	0.04	-0.43	-0.69	0.42	-0.26
Cost Of Revenue	0.8	0.64	0.97	0.62	0.99	0.39	0.08	0.39		0.95	-0.12	-0.65	-0.16	0.08	0.91	-0.71	-0.15	-0.33	-0.27	0.79	0.01	-0.61	-0.34	0.78	0.7
Total Operating Expenses	0.73	0.53	0.9	0.49	0.98	0.21	-0.2	0.13	0.95		-0.33	-0.69	-0.38	0.04	0.96	-0.79	-0.37	-0.31	-0.18	0.79	0.01	-0.56	-0.2	0.73	0.78
Income Before Tax	-0.09	0.07	-0.04	0.2	-0.2	0.7	0.71	0.55	-0.12	-0.33		0.56	0.93	0.43	-0.28	0.36	0.94	-0.11	0.04	-0.29	0.18	0.01	-0.21	-0.1	-0.37
Total Other Income Expense Net	-0.65	-0.27	-0.65	-0.47	-0.67	0.22	0.07	-0.2	-0.65	-0.69	0.56		0.58	0.09	-0.7	0.42	0.57	-0.01	0.32	-0.44	-0.12	0.25	0.28	-0.64	-0.44
Net Income	-0.09	0.15	-0.07	0.19	-0.24	0.68	0.73	0.56	-0.16	-0.38	0.93	0.58		0.07	-0.32	0.41	1.0	-0.21	0.05	-0.31	-0.16	-0.12	-0.25	-0.12	-0.42
Income Tax Expense	-0.02	-0.19	0.08	0.06	0.06	0.23	0.15	0.13	0.08	0.04	0.43	0.09	0.07		0.05	-0.04	0.09	0.2	0.0	-0.05	0.91	0.31	0.05	0.03	0.04
Selling General Administrative	0.81	0.57	0.91	0.64	0.94	0.28	-0.12	0.23	0.91	0.96	-0.28	-0.7	-0.32	0.05		-0.63	-0.3	-0.31	0.0	0.73	0.04	-0.6	-0.33	0.74	0.62
Selling And Marketing Expenses	-0.26	-0.17	-0.56	0.1	-0.73	0.08	0.44	0.23	-0.71	-0.79	0.36	0.42	0.41	-0.04	-0.63		0.41	0.24	0.42	-0.63	-0.02	0.25	-0.21	-0.39	-0.8
Net Income From Continuing Ops	-0.08	0.16	-0.06	0.21	-0.23	0.69	0.74	0.57	-0.15	-0.37	0.94	0.57	1.0	0.09	-0.3	0.41		-0.21	0.06	-0.28	-0.15	-0.11	-0.26	-0.12	-0.43
Non Recurring	-0.22	-0.58	-0.33	-0.23	-0.33	-0.4	-0.12	-0.19	-0.33	-0.31	-0.11	-0.01	-0.21	0.2	-0.31	0.24	-0.21		-0.06	-0.07	0.17	0.54	0.25	-0.33	-0.24
Non Operating Income Net Other	0.12	0.21	-0.15	0.19	-0.23	0.28	-0.07	-0.03	-0.27	-0.18	0.04	0.32	0.05	0.0	0.0	0.42	0.06	-0.06		-0.17	-0.08	-0.22	-0.11	-0.16	-0.44
Minority Interest	0.58	0.45	0.75	0.41	0.8	0.13	-0.11	0.15	0.79	0.79	-0.29	-0.44	-0.31	-0.05	0.73	-0.63	-0.28	-0.07	-0.17		-0.12	-0.4	-0.08	0.43	0.63
Tax Provision	-0.07	-0.3	0.01	0.0	0.01	-0.07	0.08	0.04	0.01	0.01	0.18	-0.12	-0.16	0.91	0.04	-0.02	-0.15	0.17	-0.08	-0.12		0.41	0.09	-0.02	0.02
Interest Income	-0.69	-0.87	-0.67	-0.63	-0.61	-0.6	-0.2	-0.43	-0.61	-0.56	0.01	0.25	-0.12	0.31	-0.6	0.25	-0.11	0.54	-0.22	-0.4	0.41		0.53	-0.56	-0.25
Net Interest Income	-0.72	-0.69	-0.49	-0.74	-0.31	-0.59	-0.51	-0.69	-0.34	-0.2	-0.21	0.28	-0.25	0.05	-0.33	-0.21	-0.26	0.25	-0.11	-0.08	0.09	0.53		-0.71	0.25
Reconciled Depreciation	0.85	0.67	0.81	0.67	0.77	0.43	0.1	0.42	0.78	0.73	-0.1	-0.64	-0.12	0.03	0.74	-0.39	-0.12	-0.33	-0.16	0.43	-0.02	-0.56	-0.71		0.42
Extraordinary Items	0.25	0.16	0.54	0.05	0.72	-0.05	-0.45	-0.26	0.7	0.78	-0.37	-0.44	-0.42	0.04	0.62	-0.8	-0.43	-0.24	-0.44	0.63	0.02	-0.25	0.25	0.42

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Penn National Account Relationship Matchups

Penn National income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	514.6M	487M	505.3M	655M	435.1M	456.9M
Interest Expense	534.2M	543.2M	561.7M	758.2M	464.7M	487.9M
Total Revenue	5.3B	3.6B	5.9B	6.4B	6.4B	6.7B
Gross Profit	2.3B	1.7B	2.8B	2.8B	1.9B	1.0B
Other Operating Expenses	4.6B	3.4B	4.8B	5.3B	7.1B	7.4B
Operating Income	793.4M	333.6M	1.1B	974M	363.6M	264.9M
Ebit	693M	(290.1M)	941.1M	974.6M	(34.9M)	(33.2M)
Ebitda	1.2B	196.9M	1.4B	1.6B	400.2M	514.3M
Cost Of Revenue	3.0B	1.9B	3.1B	3.6B	4.4B	4.7B
Total Operating Expenses	1.6B	1.5B	1.7B	1.7B	2.8B	3.0B
Income Before Tax	86.1M	(834.2M)	539.1M	175.3M	(499.6M)	(474.6M)
Total Other Income Expense Net	(707.3M)	(424M)	(567.2M)	(798.7M)	(863.2M)	(820.0M)
Net Income	43.9M	(669.1M)	420.8M	222.1M	(490M)	(465.5M)
Income Tax Expense	43M	(165.1M)	118.6M	(46.4M)	(8.2M)	(7.8M)
Selling General Administrative	1.2B	1.1B	1.4B	1.1B	1.6B	1.6B
Net Income Applicable To Common Shares	43.9M	(669.5M)	420.8M	222.1M	199.9M	209.9M
Net Income From Continuing Ops	43.1M	(669.5M)	420.5M	221.7M	(491.4M)	(466.8M)
Non Operating Income Net Other	48.4M	119.2M	41.2M	(40.5M)	(46.6M)	(44.2M)
Tax Provision	43M	(165.1M)	118.6M	(46.4M)	(8.2M)	(8.6M)
Interest Income	1.4M	900K	1.1M	18.3M	40.3M	45.1M
Net Interest Income	(534.2M)	(543.2M)	(561.7M)	(739.9M)	(424.4M)	(445.6M)
Reconciled Depreciation	414.2M	366.7M	344.5M	567.5M	435.1M	418.6M

Pair Trading with Penn National

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Penn National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Penn National will appreciate offsetting losses from the drop in the long position's value.

Moving together with Penn Stock

0.72

EAT

Brinker International

Pair Corr

Moving against Penn Stock

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0.63	NDLS	Noodles Company	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	BKRKY	Bank Rakyat	Pair Corr

The ability to find closely correlated positions to Penn National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penn National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Penn National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Penn National Gaming to buy it.

The correlation of Penn National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Penn National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penn National Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Penn National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Penn National Gaming offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penn National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penn National Gaming Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penn National Gaming Stock:

How To Invest In Penn

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Is Penn Stock a good investment?

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What is Penn National's Net Worth?

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You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penn National. If investors know Penn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penn National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.089

Earnings Share

(3.52)

Revenue Per Share

41.491

Quarterly Revenue Growth

0.012

Return On Assets

(0.0008)

The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penn National's market value can be influenced by many factors that don't directly affect Penn National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Penn National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penn National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Penn Historical Income Statement

About Penn Income Statement Analysis

Penn National Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Penn National income statement Correlations

Penn National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Penn National income statement Accounts

Pair Trading with Penn National

Moving together with Penn Stock

Moving against Penn Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Income From Continuing Ops	+ 1.0	Net Income
Cost Of Revenue	+ 0.99	Other Operating Expenses
Total Operating Expenses	+ 0.98	Other Operating Expenses
Cost Of Revenue	+ 0.97	Total Revenue
Other Operating Expenses	+ 0.96	Total Revenue
Selling General Administrative	+ 0.96	Total Operating Expenses

Interest Income	- 0.87	Interest Expense
Extraordinary Items	- 0.8	Selling And Marketing Expenses
Selling And Marketing Expenses	- 0.79	Total Operating Expenses
Net Interest Income	- 0.74	Gross Profit
Selling And Marketing Expenses	- 0.73	Other Operating Expenses
Net Interest Income	- 0.72	Depreciation And Amortization