PENN Entertainment, Inc. (PENN) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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PENN Entertainment, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $32,600,000.00Depreciation and amortization → Operating adjustments reconciliation: $117,800,000.00Non-cash operating lease expense → Operating adjustments reconciliation: $102,300,000.00Accrued expenses → Operating adjustments reconciliation: $55,100,000.00Stock-based compensation → Operating adjustments reconciliation: $17,400,000.00Deferred income taxes → Operating adjustments reconciliation: $17,200,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $15,300,000.00Return on investment from unconsolidated affiliates → Operating adjustments reconciliation: $9,000,000.00Other → Operating adjustments reconciliation: $6,700,000.00Other current and long-term liabilities → Operating adjustments reconciliation: $3,200,000.00Operating adjustments reconciliation → Net cash from operating activities: $208,100,000.00Operating adjustments reconciliation → Operating lease liabilities: $98,000,000.00Operating adjustments reconciliation → Other assets: $18,300,000.00Operating adjustments reconciliation → Income from unconsolidated affiliates: $8,600,000.00Operating adjustments reconciliation → Accounts receivable: $5,500,000.00Operating adjustments reconciliation → Accounts payable: $4,400,000.00Operating adjustments reconciliation → Income taxes: $800,000.00Operating adjustments reconciliation → Remaining operating cash flows, net (calculated): $300,000.00Proceeds from sale-and-leaseback transactions in conjunction with development projects → investing reconciliation: $216,300,000.00Other → investing reconciliation: $13,700,000.00investing reconciliation → Net cash from investing activities: $112,100,000.00investing reconciliation → Capital expenditures: $97,400,000.00investing reconciliation → Consideration paid for gaming licenses and other intangible assets: $20,500,000.00Net cash used in financing activities → financing reconciliation: $179,100,000.00Proceeds from revolving credit facility → financing reconciliation: $110,000,000.00financing reconciliation → Repayments of revolving credit facility: $135,000,000.00financing reconciliation → Remaining financing cash flows, net (calculated): $101,900,000.00financing reconciliation → Debt issuance costs: $16,300,000.00financing reconciliation → Principal payments on finance leases: $13,700,000.00financing reconciliation → Principal payments on financing obligations: $11,400,000.00financing reconciliation → Payments on insurance financing: $7,700,000.00financing reconciliation → Principal payments on long-term debt: $2,500,000.00financing reconciliation → Other: $600,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $744,700,000.00Net cash from operating activities → Cash sources and uses: $240,700,000.00Net cash from investing activities → Cash sources and uses: $112,100,000.00Cash sources and uses → Exchange-rate effect: $900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $917,500,000.00Cash sources and uses → Net cash used in financing activities: $179,100,000.00Net income: $32,600,000.00Net income+$32.60 MDepreciation and amortization: $117,800,000.00Depreciation & amortization+$117.80 MNon-cash operating lease expense: $102,300,000.00Operating lease amortization+$102.30 MIncome from unconsolidated affiliates: -$8,600,000.00Equity-method results−$8.60 MReturn on investment from unconsolidated affiliates: $9,000,000.00Equity-method distributions+$9.00 MDeferred income taxes: $17,200,000.00Deferred taxes & credits+$17.20 MStock-based compensation: $17,400,000.00Stock-based compensation+$17.40 MInvestment Agreement warrant expense: $0.00Gain on financing arrangement: -$0.00Accounts receivable: -$5,500,000.00Accounts receivable−$5.50 MPrepaid expenses and other current assets: $15,300,000.00Prepaid & other assets+$15.30 MOther assets: -$18,300,000.00Other operating assets−$18.30 MAccounts payable: -$4,400,000.00Accounts payable−$4.40 MAccrued expenses: $55,100,000.00Other accrued liabilities+$55.10 MIncome taxes: -$800,000.00Income taxes payable−$800.00 KOperating lease liabilities: -$98,000,000.00Operating lease liabilities−$98.00 MOther current and long-term liabilities: $3,200,000.00Other operating liabilities+$3.20 MOther: $6,700,000.00Other receivables+$6.70 MRemaining operating cash flows, net (calculated): -$300,000.00Remaining operating (calculated)−$300.00 KNet cash from operating activities: $240,700,000.00Operating cash+$240.70 MOperating adjustments reconciliation: $344,000,000.00Proceeds from revolving credit facility: $110,000,000.00Credit line borrowings+$110.00 MRepayments of revolving credit facility: -$135,000,000.00Credit line repayments−$135.00 MPrincipal payments on long-term debt: -$2,500,000.00Unsecured debt repaid−$2.50 MDebt issuance costs: -$16,300,000.00Financing costs paid−$16.30 MPrincipal payments on financing obligations: -$11,400,000.00Financing obligations repaid−$11.40 MPrincipal payments on finance leases: -$13,700,000.00Finance lease payments−$13.70 MRepurchases of common stock: -$0.00Payments on insurance financing: -$7,700,000.00Payments on insurance financing−$7.70 MOther: -$600,000.00Other financing, net−$600.00 KRemaining financing cash flows, net (calculated): -$101,900,000.00Remaining financing (calculated)−$101.90 MNet cash used in financing activities: -$179,100,000.00. Cash required to fund net payments.Financing cash−$179.10 Mfinancing reconciliation: $289,100,000.00Capital expenditures: -$97,400,000.00Capital improvements−$97.40 MProceeds from sale of investments: $0.00Proceeds from sale-and-leaseback transactions in conjunction with development projects: $216,300,000.00Other asset sales+$216.30 MConsideration paid for gaming licenses and other intangible assets: -$20,500,000.00Intangible asset purchases−$20.50 MOther: $13,700,000.00Other investing, net+$13.70 MNet cash from investing activities: $112,100,000.00Investing cash+$112.10 Minvesting reconciliation: $230,000,000.00Cash sources and uses: $1,097,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $744,700,000.00Beginning cash$744.70 MEnding cash: Cash, cash equivalents, and restricted cash: $917,500,000.00Ending cash$917.50 MExchange-rate effect: -$900,000.00FX effect−$900.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income7.38×Operating cash flow ÷ net incomeNet cash change+$172.80 MEnding cash − beginning cash
Chart details

PENN Entertainment, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
744,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
240,700,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Amortization of debt discounts and debt issuance costs), so Impairment loss and Loss on early extinguishment of debt cannot be separated for this quarter. It may combine inflows and outflows.
Net income
32,600,000 US dollars
Depreciation and amortization
117,800,000 US dollars
Non-cash operating lease expense
102,300,000 US dollars
Income from unconsolidated affiliates
negative 8,600,000 US dollars
Return on investment from unconsolidated affiliates
9,000,000 US dollars
Deferred income taxes
17,200,000 US dollars
Stock-based compensation
17,400,000 US dollars
Investment Agreement warrant expense
0 US dollars
Gain on financing arrangement
0 US dollars
Accounts receivable
negative 5,500,000 US dollars
Prepaid expenses and other current assets
15,300,000 US dollars
Other assets
negative 18,300,000 US dollars
Accounts payable
negative 4,400,000 US dollars
Accrued expenses
55,100,000 US dollars
Income taxes
negative 800,000 US dollars
Operating lease liabilities
negative 98,000,000 US dollars
Other current and long-term liabilities
3,200,000 US dollars
Other
6,700,000 US dollars
Remaining operating cash flows, net (calculated)
negative 300,000 US dollars
Investing activities
112,100,000 US dollars. Net cash provided.
Capital expenditures
negative 97,400,000 US dollars
Proceeds from sale of investments
0 US dollars
Proceeds from sale-and-leaseback transactions in conjunction with development projects
216,300,000 US dollars
Consideration paid for gaming licenses and other intangible assets
negative 20,500,000 US dollars
Other
13,700,000 US dollars
Financing activities
negative 179,100,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from issuance of long-term debt), so Proceeds from insurance financing, Proceeds from issuance of term loans, net of discount, Proceeds from issuance of bonds, Repayment and repurchases of convertible debt and Repayments on credit facilities cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from revolving credit facility
110,000,000 US dollars
Repayments of revolving credit facility
negative 135,000,000 US dollars
Principal payments on long-term debt
negative 2,500,000 US dollars
Debt issuance costs
negative 16,300,000 US dollars
Principal payments on financing obligations
negative 11,400,000 US dollars
Principal payments on finance leases
negative 13,700,000 US dollars
Repurchases of common stock
0 US dollars
Payments on insurance financing
negative 7,700,000 US dollars
Other
negative 600,000 US dollars
Remaining financing cash flows, net (calculated)
negative 101,900,000 US dollars
Operating adjustment reconciliation
344,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing displayed reconciliation
289,100,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
230,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 900,000 US dollars
Ending cash on Jun 30, 2026
917,500,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,097,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
172,800,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
7.38×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $208.10M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
PENN Entertainment, Inc. (PENN) FY2026 Q2 Statement of Cash Flows Sankey chart
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