Penn Entertainment (PENN) FY2021 results: revenue $5.9 billion, up 65.0% on the year
Penn Entertainment, Inc. (PENN) reported revenue of $5.9 billion for fiscal 2021, the year ended 31 December 2021, up 65.0% on the year before. Net income was $421 million, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$5.9 billion
+65.0% on the year
FY2014FY2021
Operating margin
17.9%
-11.5% a year earlier
FY2014FY2021
Net income
$421 million
FY2014FY2021
Diluted EPS
$2.48
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
896
339
704
+164.5%
Capital expenditure
244
137
191
+78.2%
Free cash flow
652
202
513
+223.1%
Free cash flow margin
11.0%
5.6%
9.7%
Cash from investing
-1,222
-234
-608
Cash from financing
340
1,310
-122
-74.1%
Depreciation and amortisation
344
367
414
-6.1%
Share-based compensation
35.1
14.5
14.9
+142.1%
Buybacks
0.0
0.0
24.9
Diluted shares, weighted
176m
134m
118m
+31.0%
Shares outstanding at period end
n/a
156m
116m
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,098
2,656
1,853
+54.3%
Non-controlling interest
-0.7
-0.4
-0.8
Debt
2,840
2,432
2,419
+16.8%
Operating lease liabilities
4,321
4,366
4,451
-1.0%
Finance lease liabilities
307
212
219
+44.6%
Other liabilities
5,306
5,002
5,254
+6.1%
Total liabilities and equity
16,872
14,667
14,194
+15.0%
Fixed assets
4,582
4,529
5,120
+1.2%
Goodwill
2,822
1,157
1,271
+143.9%
Intangible assets
1,873
1,514
2,026
+23.7%
Cash and equivalents
1,864
1,854
437
+0.5%
Receivables
195
96.4
88.7
+102.3%
Other assets
5,536
5,517
5,251
+0.3%
Total assets
16,872
14,667
14,194
+15.0%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.