Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 144

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 144
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 12,607 1,905    Losses on debt extinguishment— (556)(2,189)Total other expenses(320,908)(311,337)(309,575)Income before income taxes809,777 757,367 720,340 Income tax expense2,129 1,997 17,055 Net income$807,648 $755,370 $703,285 Net income attributable to non-controlling interest in the Operating Partnership(23,028)(21,087)(18,632)Net income attributable to common shareholders$784,620 $734,283 $684,653 Earnings per common share:  Basic earnings attributable to common shareholders$2.87 $2.78 $2.71 Diluted earnings attributable to common shareholders$2.87 $2.77 $2.70 

See accompanying Notes to the Consolidated Financial Statements.

72

Table of Contents

Gaming and Leisure Properties, Inc. and Subsidiaries

Consolidated Statements of Changes in Equity 

(in thousands, except share data)

 Common StockAdditionalPaid-InCapitalAccumulatedDeficitNoncontrolling Interest Operating PartnershipTotalEquity SharesAmountBalance, December 31, 2021247,206,937 $2,472 $4,953,943 $(1,771,402)205,127 $3,390,140 Issuance of common stock, net of costs13,141,499 131 611,125 — — 611,256 Restricted stock activity378,594 4 8,499 — — 8,503 Dividends paid ($2.805 per common share)— — — (711,467)— (711,467)Issuance of operating partnership units— — — — 137,043 137,043 Distributions to non-controlling interest— — — — (20,664)(20,664)Net income— — — 684,653 18,632 703,285 Balance, December 31, 2022260,727,030 2,607 5,573,567 (1,798,216)340,138 4,118,096 Issuance of common stock, net of costs9,817,430 98 469