Penn Entertainment (PENN) FY2016 results: revenue $3.0 billion, up 6.9% on the year
Penn Entertainment, Inc. (PENN) reported revenue of $3.0 billion for fiscal 2016, the year ended 31 December 2016, up 6.9% on the year before. Net income was $109 million, up 15834.4%, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$3.0 billion
+6.9% on the year
FY2009FY2016
Operating margin
17.9%
16.5% a year earlier
FY2009FY2016
Net income
$109 million
+15,834.4% on the year
FY2009FY2016
Diluted EPS
$1.19
+11,800.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,034
2,838
2,591
+6.9%
Operating income
543
468
257
+16.1%
Operating margin
17.9%
16.5%
9.9%
Interest expense
459
443
425
+3.6%
Pre-tax income
121
56.6
-153
+113.1%
Income tax
11.3
55.9
30.5
-79.8%
Effective tax rate
9.4%
98.8%
n/a
Net income
109
0.7
-184
+15,834.4%
Net margin
3.6%
0.0%
-7.1%
Diluted EPS
$1.19
$0.01
-$2.34
+11,800.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
408
414
n/a
-1.4%
Capital expenditure
97.2
137
145
-28.8%
Free cash flow
311
277
n/a
+12.1%
Free cash flow margin
10.2%
9.8%
n/a
Cash from investing
-79.3
-781
n/a
Cash from financing
-340
396
n/a
Depreciation and amortisation
271
259
267
+4.5%
Share-based compensation
6.9
8.2
10.7
-16.4%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
91m
91m
78m
+0.6%
Shares outstanding at period end
91m
81m
79m
+12.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-543
-678
-708
Debt
1,416
1,735
1,268
-18.4%
Other liabilities
4,102
4,082
4,065
+0.5%
Total liabilities and equity
4,974
5,139
4,625
-3.2%
Fixed assets
2,820
2,980
2,670
-5.4%
Goodwill
990
912
874
+8.5%
Intangible assets
435
391
419
+11.3%
Cash and equivalents
230
237
209
-3.2%
Receivables
61.9
45.2
41.6
+36.9%
Other assets
438
573
411
-23.7%
Total assets
4,974
5,139
4,625
-3.2%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.