Penn Entertainment (PENN) FY2013 results: revenue $2.8 billion, up 3.3% on the year
Penn Entertainment, Inc. (PENN) reported revenue of $2.8 billion for fiscal 2013, the year ended 31 December 2013, up 3.3% on the year before. Net income was -$581 million, and diluted earnings per share $-7.44. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$2.8 billion
+3.3% on the year
FY2008FY2013
Operating margin
-15.3%
14.8% a year earlier
FY2008FY2013
Net income
-$581 million
FY2008FY2013
Diluted EPS
-$7.44
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,778
2,689
2,742
+3.3%
Operating income
-424
397
500
Operating margin
-15.3%
14.8%
18.2%
Interest expense
160
82.1
99.6
+94.7%
Pre-tax income
-626
325
389
Income tax
-33.6
137
147
Effective tax rate
n/a
42.3%
37.7%
Net income
-581
210
242
Net margin
-20.9%
7.8%
8.8%
Diluted EPS
-$7.44
$2.03
$2.26
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
n/a
507
567
Capital expenditure
119
386
216
-69.2%
Free cash flow
n/a
121
351
Free cash flow margin
n/a
4.5%
12.8%
Depreciation and amortisation
303
233
211
+30.0%
Share-based compensation
22.8
28.6
24.3
-20.3%
Buybacks
n/a
n/a
105
Diluted shares, weighted
78m
104m
107m
-24.8%
Shares outstanding at period end
78m
n/a
n/a
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-551
2,242
1,964
Non-controlling interest
n/a
9.3
7.9
Debt
1,052
2,732
2,043
-61.5%
Other liabilities
3,966
661
592
+500.0%
Total liabilities and equity
4,468
5,644
4,606
-20.8%
Fixed assets
2,517
2,731
2,277
-7.8%
Goodwill
952
1,381
1,180
-31.1%
Intangible assets
234
706
422
-66.8%
Cash and equivalents
293
260
238
+12.5%
Receivables
52.5
53.7
55.5
-2.2%
Other assets
419
512
433
-18.2%
Total assets
4,468
5,644
4,606
-20.8%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.