CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 671.6	$ 706.6
Accounts receivable, net	252.1	256.8
Prepaid expenses	122.3	152.3
Other current assets	49.6	38.7
Total current assets	1,095.6	1,154.4
Property and equipment, net	3,839.0	3,705.0
Investment in and advances to unconsolidated affiliates	82.4	86.2
Goodwill	2,643.2	2,563.1
Other intangible assets, net	1,516.4	1,529.9
Operating lease right-of-use assets	3,831.2	3,976.8
Finance lease right-of-use assets	1,969.6	2,014.3
Other assets	229.3	232.0
Total assets	15,206.7	15,261.7
Current liabilities
Accounts payable	64.8	50.8
Current maturities of long-term debt	38.2	38.2
Current portion of financing obligations	44.6	43.5
Current portion of operating lease liabilities	343.4	322.1
Current portion of finance lease liabilities	52.1	53.2
Accrued expenses and other current liabilities	849.8	907.3
Total current liabilities	1,392.9	1,415.1
Long-term debt, net of current maturities, debt discounts, and debt issuance costs	2,761.2	2,732.5
Long-term portion of financing obligations	2,320.8	2,343.1
Long-term portion of operating lease liabilities	3,497.1	3,654.3
Long-term portion of finance lease liabilities	2,037.5	2,062.3
Deferred income taxes	82.9	61.0
Other long-term liabilities	131.7	135.0
Total liabilities	12,224.1	12,403.3
Commitments and contingencies (Note 8)
Stockholders’ equity
Treasury stock, at cost (32,416,251 and 25,166,902 shares)	(895.8)	(779.5)
Additional paid-in capital	4,597.7	4,542.4
Accumulated deficit	(552.6)	(647.0)
Accumulated other comprehensive loss	(163.0)	(255.0)
Total PENN Entertainment, Inc. stockholders’ equity	2,988.1	2,862.7
Non-controlling interest	(5.5)	(4.3)
Total stockholders’ equity	2,982.6	2,858.4
Total liabilities and stockholders’ equity	15,206.7	15,261.7
Series B Preferred Stock
Stockholders’ equity
Preferred stock	0.0	0.0
Series C Preferred Stock
Stockholders’ equity
Preferred stock	0.0	0.0
Series D Preferred Stock
Stockholders’ equity
Preferred stock	0.0	0.0
Common Stock, Non-Exchangeable
Stockholders’ equity
Common stock	$ 1.8	$ 1.8
Common stock, shares outstanding (in shares)	145,452,528	152,229,171
Common Stock, Exchangeable
Stockholders’ equity
Common stock	$ 0.0	$ 0.0
Common stock, shares outstanding (in shares)	380,478	466,534

PENN Entertainment, Inc. 10-Q