Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 21

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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497,817 Restricted stock activity— — 5,426 — — 5,426 Dividends paid ($0.76 per common share)— — — (206,583)— (206,583)Distributions to non-controlling interest— — — — (6,147)(6,147)Net income— — — 208,250 6,162 214,412 Balance, June 30, 2024271,500,584 $2,715 $6,059,956 $(1,928,360)$370,614 $4,504,925 

See accompanying notes to the condensed consolidated financial statements.

6

Gaming and Leisure Properties, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

Six months ended June 30,20252024Operating activities  Net income$326,519 $393,938 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization142,787 137,174 Amortization of debt issuance costs, bond premiums and original issuance discounts6,459 5,369 Accretion on financing receivables(13,762)(14,660)Accretion on held to maturity investment securities10,837 (6,807)Non-cash adjustment to financing lease liabilities205 246 Gains from dispositions of property(125)— Stock-based compensation15,014 13,547 Straight-line rent and deferred rent adjustments(14,845)(31,580)Provision (benefit) for credit losses, net92,974 19,508 (Increase), decrease  Other assets(8,336)(4,895)Increase, (decrease)  Accounts payable and accrued expenses582 (1,082)Accrued interest(12,130)(1,021)Accrued salaries and wages(2,727)(3,831)Other liabilities2,415 4,051 Net cash provided by operating activities545,867 509,957 Investing activities  Capital project expenditures(33,941)(7,064)Capital maintenance expenditures(157)(552)Proceeds from sales of property, net of costs125 1,798 Investment in leases, financing receivables— (203,486