Penn Entertainment (PENN) FY2015 results: revenue $2.8 billion, up 9.6% on the year
Penn Entertainment, Inc. (PENN) reported revenue of $2.8 billion for fiscal 2015, the year ended 31 December 2015, up 9.6% on the year before. Net income was $686,000, and diluted earnings per share $0.01. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2016.
Revenue
$2.8 billion
+9.6% on the year
FY2008FY2015
Operating margin
16.5%
9.9% a year earlier
FY2008FY2015
Net income
$686,000
FY2008FY2015
Diluted EPS
$0.01
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,838
2,591
2,778
+9.6%
Operating income
468
257
-424
+81.9%
Operating margin
16.5%
9.9%
-15.3%
Interest expense
443
425
160
+4.2%
Pre-tax income
56.6
-153
-626
Income tax
55.9
30.5
-33.6
+83.2%
Effective tax rate
98.8%
n/a
n/a
Net income
0.7
-184
-581
Net margin
0.0%
-7.1%
-20.9%
Diluted EPS
$0.01
-$2.34
-$7.44
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
414
n/a
n/a
Capital expenditure
137
145
119
-5.6%
Free cash flow
277
n/a
n/a
Free cash flow margin
9.8%
n/a
n/a
Cash from investing
-781
n/a
n/a
Cash from financing
396
n/a
n/a
Depreciation and amortisation
259
267
303
-2.7%
Share-based compensation
8.2
10.7
22.8
-22.9%
Diluted shares, weighted
91m
78m
78m
+15.9%
Shares outstanding at period end
81m
79m
78m
+2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-678
-708
-551
Debt
1,735
1,268
1,052
+36.9%
Other liabilities
4,082
4,065
3,966
+0.4%
Total liabilities and equity
5,139
4,625
4,468
+11.1%
Fixed assets
2,980
2,670
2,517
+11.6%
Goodwill
912
874
952
+4.3%
Intangible assets
391
419
234
-6.7%
Cash and equivalents
237
209
293
+13.6%
Receivables
45.2
41.6
52.5
+8.6%
Other assets
573
411
419
+39.5%
Total assets
5,139
4,625
4,468
+11.1%
10-K for the year ended 31 December 2015, filed 15 March 2016: the filing.