cash flow reconciliationreview2021-12-31
Operating, investing and financing flows differ from the reported change in cash by 22131000, beyond tolerance 10308340.00.
Revenue
$1.59B
Fiscal year ended 2025-12-31Operating income
$1.20B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Gaming & Leisure Properties, Inc. (GLPI) reported revenue of $1.59B and net income of $825.11M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Gaming & Leisure Properties, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.59B | $1.53B | $1.44B | $1.31B | $1.22B | $1.15B | $1.15B | $1.06B | $971.31M | $828.26M |
| Cost of revenue | Unavailable | Unavailable | $0 | $0 | $53.04M | $56.70M | $74.70M | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | $1.44B | $1.31B | $1.16B | $1.10B | $1.08B | Unavailable | Unavailable | Unavailable |
| Operating income | $1.20B | $1.13B | $1.07B | $1.03B | $841.77M | $809.27M | $717.42M | $593.81M | $605.52M | $480.62M |
| Net income | $825.11M | $784.62M | $734.28M | $684.65M | $534.05M | $505.71M | $390.88M | $339.52M | $380.60M | $289.30M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 280.04M | shares 273.53M | shares 264.99M | shares 253.85M | shares 236.23M | shares 219.77M | shares 215.79M | shares 214.78M | shares 212.75M | shares 180.62M |
| Pretax income | $852.58M | $809.78M | $757.37M | $720.34M | $562.43M | $509.59M | $395.64M | $344.48M | $390.38M | $296.85M |
| Income tax expense | $2.23M | $2.13M | $2.00M | $17.06M | $28.34M | $3.88M | $4.76M | $4.96M | $9.79M | $7.54M |
| Diluted EPS | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 | $2.30 | $1.81 | $1.58 | $1.79 | $1.60 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $63.49M | $59.57M | $56.45M | $51.32M | $61.24M | $68.57M | $65.38M | $70.82M | $63.15M | $71.37M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $26.82M | $25.78M | $29.05M | $36.56M |
| Total assets | $12.91B | $13.08B | $11.81B | $10.93B | $10.69B | $9.03B | $8.43B | $8.58B | $7.25B | $7.37B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $7.90B | $8.43B | $7.30B | $6.81B | $7.30B | $6.36B | $6.36B | $6.31B | $4.79B | $4.94B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $5.01B | $4.65B | $4.51B | $4.12B | $3.39B | $2.68B | $2.07B | $2.27B | $2.46B | $2.43B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $16.07M | $16.07M | $75.52M | $75.52M |
| Long-term debt | $7.20B | $7.74B | $6.63B | $6.13B | $6.55B | $5.75B | Unavailable | $5.85B | $4.44B | $4.66B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.13B | $1.07B | $1.01B | $920.13M | $803.78M | $428.08M | $750.30M | $654.43M | $598.71M | $514.37M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | $13.93M | $474.00K | $0 | $20.00K | $78.00K | $330.00K |
| Investing cash flow | -$308.76M | -$1.61B | -$650.82M | -$354.49M | -$1.03B | -$9.49M | -$2.82M | -$1.51B | $698.00K | -$3.22B |
| Financing cash flow | -$1.06B | $311.82M | $86.35M | -$1.05B | $443.07M | $63.17M | -$746.44M | $852.08M | -$606.91M | $2.70B |
| Net change in cash | -$238.32M | -$221.35M | $444.90M | -$485.51M | $238.14M | $459.63M | $1.04M | -$3.27M | -$7.50M | -$5.32M |
| Stock-based compensation | $21.18M | $24.26M | $22.87M | $20.43M | $16.83M | $20.00M | $16.20M | $11.15M | $15.64M | $18.31M |
| Common dividends paid | $871.87M | $830.72M | $833.98M | $770.86M | $633.90M | $230.52M | $589.13M | $550.44M | $529.37M | $428.35M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $282.94M | $273.42M | $276.42M | $254.55M | $252.05M | $243.00M | $258.97M | $148.36M | $123.84M | $115.72M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $750.30M | $654.41M | $598.63M | $514.04M |
| Gross margin | Unavailable | Unavailable | 100.0% | 100.0% | 95.6% | 95.1% | 93.5% | Unavailable | Unavailable | Unavailable |
| Operating margin | 75.3% | Unavailable | Unavailable | Unavailable | 69.2% | 70.2% | 62.2% | 56.2% | 62.3% | 58.0% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 65.0% | 62.0% | 61.6% | 62.1% |
| SBC / revenue | 1.3% | Unavailable | Unavailable | Unavailable | 1.4% | 1.7% | 1.4% | 1.1% | 1.6% | 2.2% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 4.1% | 6.3% | 9.8% | 7.8% | 5.5% | -0.0% | 9.3% | 8.7% | 17.3% | Unavailable |
| Net margin | 51.7% | Unavailable | Unavailable | Unavailable | 43.9% | 43.9% | 33.9% | 32.2% | 39.2% | 34.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.0% | 0.0% | 0.0% | 0.0% |
| Long-term debt / equity | 1.44x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 0.3% | 0.3% | 0.3% | 2.4% | 5.0% | 0.8% | 1.2% | 1.4% | 2.5% | 2.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open GLPI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-24View SEC filing
10-Q · Filed 2025-04-24View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2020-12-31
Operating, investing and financing flows differ from the reported change in cash by 22131000, beyond tolerance 4280770.00.