Gaming & Leisure Properties, Inc.

GLPI 10-K · FY 2025

GLPI FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Operating Lease Lease Income 1,367,943 1,330,620 +2.8%
Sales Type Lease Revenue (FY)
Show Product Lines breakouts
Real Estate 195,649 185,430 +5.5%
Sales Type Lease Interest Income Lease Receivable 15,126 5,004 +202.3%
Interest And Fee Income Loans Commercial Real Estate 16,034 10,492 +52.8%
Other Revenue 1,594,752 1,531,546 +4.1%
Land Rightsand Ground Lease Expense 55,408 47,674 +16.2%
General & Administrative 63,488 59,571 +6.6%
Gain Loss On Disposition Of Assets1 -125 -3,790 +96.7%
Depreciation 265,864 260,152 +2.2%
Provision For Doubtful Accounts 8,664 37,254 -76.7%
Total Costs & Expenses 393,299 400,861 -1.9%
Operating Income 1,201,453 1,130,685 +6.3%
Interest Expense -373,881 -366,897 -1.9%
Other Nonoperating Income 28,796 45,989 -37.4%
Gains Losses On Extinguishment Of Debt -3,783
Non-Operating Income (Expense) -348,868 -320,908 -8.7%
Income Before Taxes 852,585 809,777 +5.3%
Income Tax Expense (Benefit) 2,229 2,129 +4.7%
Net Income 850,356 807,648 +5.3%
Show Equity Components breakouts
Noncontrolling Interest 25,245 23,028 +9.6%
Retained Earnings 825,111 784,620 +5.2%
Net Income Loss Attributable To Noncontrolling Interest -25,245 -23,028 -9.6%
Net Income 825,111 784,620 +5.2%
EPS (Basic) 2.95 2.87 +2.8%
EPS (Diluted) 2.95 2.87 +2.8%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax -33
Show Equity Components breakouts
Accumulated Other Comprehensive Income -32
Noncontrolling Interest -1
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 967
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest 851,290 807,648 +5.4%
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest -25,275 -23,028 -9.8%
Comprehensive Income 826,015 784,620 +5.3%
Revenue 1,594,752
Wtd Avg Shares (Basic) 279,605 272,802 +2.5%
Wtd Avg Shares (Diluted) 280,043 273,534 +2.4%
Net Income Loss Available To Common Stockholders Basic 824,370 784,161 +5.1%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Non-Current Assets
Operating Lease Right-of-Use Assets 1,072,163 1,091,783 -1.8%
Show Fair Value By Asset Class breakouts
Land rights, net 830,110 847,189 -2.0%
Right-of-use assets - operating leases 242,053 244,594 -1.0%
Total Assets 12,909,609 13,075,949 -1.3%
Intangible Assets (Q)
Show Fair Value By Asset Class breakouts
Land rights, net 830,110 847,189 -2.0%
Other Assets
Real Estate Investment Property Net 8,474,261 8,148,719 +4.0%
Net Investment In Lease 2,557,504 2,333,114 +9.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 224,314 462,632 -51.5%
Other Assets 84,947 63,458 +33.9%
Net Investment In Sales Type Lease Before Allowance For Credit Loss 248,421 254,821 -2.5%
Non-Current Liabilities
Accounts Payable Current And Noncurrent 6,641 5,802 +14.5%
Interest Payable Current And Noncurrent 106,253 105,752 +0.5%
Employee Related Liabilities Current And Noncurrent 10,209 7,154 +42.7%
Long-Term Debt 7,203,731 7,735,877 -6.9%
Show Debt Instrument breakouts
Senior Unsecured Notes 5.250 Percent Due 2033 600,000
Senior Unsecured Notes 5.750 Percent Due 2037 700,000
Total Liabilities 7,901,349 8,430,425 -6.3%
Other Liabilities
Operating Lease Liability 242,481 244,973 -1.0%
Finance Lease Liability 61,219 60,788 +0.7%
Contract With Customer Liability 205,786 228,508 -9.9%
Other Liabilities 65,029 41,571 +56.4%
Stockholders' Equity
Common Stock 2,830 2,744 +3.1%
Additional Paid In Capital Common Stock 6,613,488 6,209,827 +6.5%
Retained Earnings -1,990,770 -1,944,009 -2.4%
Total Stockholders' Equity 4,626,452 4,268,562 +8.4%
Minority Interest In Operating Partnerships 381,808 376,962 +1.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,008,260 4,645,524 +7.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 904
Additional Paid In Capital 6,613,488 6,209,827 +6.5%
Common Stock 2,830 2,744 +3.1%
Noncontrolling Interest 381,808 376,962 +1.3%
Retained Earnings -1,990,770 -1,944,009 -2.4%
Total Liabilities & Equity 12,909,609 13,075,949 -1.3%
Accumulated Other Comprehensive Income 904
Real Estate Loans Net 247,999 160,590 +54.4%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 247,999 160,590 +54.4%
Estimate Of Fair Value Fair Value Disclosure 250,689 164,750 +52.2%
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Real Estate Loan 247,999 160,590 +54.4%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 282,944 273,422 +3.5%
Amortization Of Financing Costs And Discounts 13,267 11,229 +18.1%
Interest Income Paidinkind -27,925 -28,493 +2.0%
Accretion Amortization Of Discounts And Premiums Investments 10,837 -10,837 +200.0%
Gain Loss On Sales Of Assets And Asset Impairment Charges -125 -3,790 +96.7%
Stock-Based Compensation 21,181 24,262 -12.7%
Straight Line Rent Adjustments -22,468 -56,102 +60.0%
Asset Impairment Charges And Loss On Extinguishment Of Debt 3,783
Loan And Goodwill Impairment 8,664 37,254 -76.7%
Change in Prepaid & Other Assets -22,598 -10,198 -121.6%
Change in Accounts Payable 2,881 -1,391 +307.1%
Increase Decrease In Interest Payable Net 501 22,640 -97.8%
Increase Decrease In Other Operating Liabilities 7,204 7,126 +1.1%
Net Cash from Operations 1,129,417 1,072,770 +5.3%
Investing Activities
Payments To Acquire Other Property Plant And Equipment -304,443 -39,688 -667.1%
Payments To Acquire Other Real Estate -285,000 -640,863 +55.5%
Payments For Origination Of Real Estate Loans -85,336 -125,160 +31.8%
Payments For Investment In Leases -184,097 -203,486 +9.5%
Proceeds From Sale And Maturity Of Held To Maturity Securities 549,995 340,975 +61.3%
Net Cash from Investing -308,756 -1,605,944 +80.8%
Financing Activities
Payments Of Dividends -871,872 -830,716 -5.0%
Payments To Minority Shareholders -25,834 -24,586 -5.1%
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options -14,821 -14,726 -0.6%
A T M Programofferingcosts 402,792 148,216 +171.8%
Proceeds From Issuance Of Long Term Debt 1,292,161 1,521,939 -15.1%
Payments Of Financing Costs -15,388 -24,685 +37.7%
Repayments Of Long Term Debt -1,826,017 -463,619 -293.9%
Net Cash from Financing -1,058,979 311,823 -439.6%
Supplemental
Income Taxes Paid 2,228 3,525 -36.8%
Interest Paid 357,025 330,063 +8.2%
Other Cash Flow
Net Change in Cash -238,318 -221,351 -7.7%
Amortization Of Deferred Hedge Gains -52
Proceeds From Hedge Operating Activities 967
Proceeds From Sale Of Property Plant And Equipment 125

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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