Penn National Gaming, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 2,918,754 2,899,465 2,742,257 2,459,111
Cost of Revenue 1,663,891 1,686,516 1,620,739 1,464,897
Gross Profit 1,254,863 1,212,949 1,121,518 994,214
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 596,092 525,012 410,461 403,892
Non-Recurring Items 1,132,417 - - 224,709
Other 298,326 245,348 211,476 212,387
Operating Income (771,972) 442,589 499,581 153,226
Income From Continuing Operations
Add'l Income/Expense Items (56,470) (427) (18,149) 7,481
Earnings Before Interest and Tax (818,785) 445,966 488,796 134,733
Interest Expense 97,092 81,440 99,564 130,215
Earnings Before Tax (915,877) 364,526 389,232 4,518
Income Tax (121,538) 152,555 146,881 66,178
Minority Interest - - - (2,193)
Equity Earnings Unconsolidated Subsidiary 9,657 3,804 7,364 (25,974)
Net Income Cont. Operations (846,342) 215,775 231,877 (85,960)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (794,339) 211,971 242,351 (59,467)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (794,339) 211,971 242,351 (59,467)