Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 145

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 145
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,115 — — 469,213 Restricted stock activity378,259 4 9,427 — — 9,431 Dividends paid ($3.150 per common share)— — — (833,980)— (833,980)Issuance of operating partnership units— — — — 14,931 14,931 Distributions to non-controlling interest— — — — (24,107)(24,107)Net income— — — 734,283 21,087 755,370 Balance, December 31, 2023270,922,719 2,709 6,052,109 (1,897,913)352,049 4,508,954 Issuance of common stock, net of costs3,072,137 31 148,185 — — 148,216 Restricted stock activity427,693 4 9,533 — — 9,537 Dividends paid ($3.040 per common share)— — — (830,716)— (830,716)Issuance of operating partnership units— — — — 26,471 26,471 Distributions to non-controlling interest— — — — (24,586)(24,586)Net income— — — 784,620 23,028 807,648 Balance, December 31, 2024274,422,549 $2,744 $6,209,827 $(1,944,009)$376,962 $4,645,524 

See accompanying Notes to the Consolidated Financial Statements.

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Table of Contents

Gaming and Leisure Properties, Inc. and Subsidiaries

 Consolidated Statements of Cash Flows

(in thousands)

Year ended December 31,202420232022Operating activities  Net income$807,648 $755,370 $703,285 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization273,422 276,424 254,547 Amortization of debt issuance costs, premiums and discounts11,229 9,857 9,975 Accretion on financing receivables and adjustments to lease liabilities(28,493)(22