Penn Historical Income Statement
| PENN Stock | USD 20.52 0.30 1.48% |
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.
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.
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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
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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. At this time, Penn National's Total Operating Expenses is very stable compared to the past year. As of the 25th 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.
| 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 |
Penn National income statement Correlations
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Penn National Account Relationship Matchups
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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 | 4.1B | 4.3B | |
| 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
Moving against Penn Stock
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.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. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.