PENN Entertainment, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-843.1M | $-311.5M | $-490.0M | $222.1M | $420.8M | $-669.5M | $43.9M | $93.5M |
| Depreciation & Amortization | $446.9M | $433.6M | $435.1M | $567.5M | $344.5M | $366.7M | $414.2M | $269.0M |
| Depreciation | $316.3M | $293.9M | $288.7M | $329.1M | $314.3M | $336.9M | $381.6M | $251.9M |
| Amortization | $39.6M | $49.9M | $58.8M | $56.7M | $19.6M | $21.7M | $24.7M | $17.1M |
| Stock-Based Compensation | $60.9M | $52.9M | $85.9M | $58.1M | $35.1M | $14.5M | $14.9M | $12.0M |
| Net Cash from Operating Activities | $508.2M | $359.3M | $455.9M | $878.2M | $896.1M | $338.8M | $703.9M | $352.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | $263.4M | $244.1M | $137.0M | $190.6M | $92.6M |
| Business Acquisitions | $0 | $0 | $314.6M | $0 | $877.6M | $3.0M | $1.36B | $1.95B |
| Net Cash from Investing Activities | $-351.1M | $-541.2M | $-742.6M | $-258.6M | $-1.22B | $-233.7M | $-607.5M | $-1.42B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $354.4M | $0 | $149.8M | $601.1M | $0 | $0 | $24.9M | $50.0M |
| Net Cash from Financing Activities | $-165.6M | $-186.5M | $-262.6M | $-853.0M | $339.9M | $1.31B | $-122.4M | $1.27B |
| Net Change in Cash | $-9.0M | $-370.7M | $-549.7M | $-235.9M | $9.7M | $1.42B | $-26.0M | $201.8M |
| Free Cash Flow | — | — | — | $614.8M | $652.0M | $201.8M | $513.3M | $260.2M |