Penn Entertainment (PENN) FY2014 results: revenue $2.6 billion, down 6.7% on the year
Penn Entertainment, Inc. (PENN) reported revenue of $2.6 billion for fiscal 2014, the year ended 31 December 2014, down 6.7% on the year before. Net income was -$184 million, and diluted earnings per share $-2.34. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$2.6 billion
-6.7% on the year
FY2008FY2014
Operating margin
9.9%
-15.3% a year earlier
FY2008FY2014
Net income
-$184 million
FY2008FY2014
Diluted EPS
-$2.34
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,591
2,778
2,689
-6.7%
Operating income
257
-424
397
Operating margin
9.9%
-15.3%
14.8%
Interest expense
425
160
82.1
+165.9%
Pre-tax income
-153
-626
325
Income tax
30.5
-33.6
137
Effective tax rate
n/a
n/a
42.3%
Net income
-184
-581
210
Net margin
-7.1%
-20.9%
7.8%
Diluted EPS
-$2.34
-$7.44
$2.03
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
n/a
n/a
507
Capital expenditure
145
119
386
+21.6%
Free cash flow
n/a
n/a
121
Free cash flow margin
n/a
n/a
4.5%
Depreciation and amortisation
267
303
233
-12.1%
Share-based compensation
10.7
22.8
28.6
-53.2%
Diluted shares, weighted
78m
78m
104m
+0.4%
Shares outstanding at period end
79m
78m
n/a
+1.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
-708
-551
2,242
Non-controlling interest
n/a
n/a
9.3
Debt
1,268
1,052
2,732
+20.5%
Other liabilities
4,065
3,966
661
+2.5%
Total liabilities and equity
4,625
4,468
5,644
+3.5%
Fixed assets
2,670
2,517
2,731
+6.1%
Goodwill
874
952
1,381
-8.2%
Intangible assets
419
234
706
+79.1%
Cash and equivalents
209
293
260
-28.8%
Receivables
41.6
52.5
53.7
-20.8%
Other assets
411
419
512
-1.9%
Total assets
4,625
4,468
5,644
+3.5%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.