Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 20

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 — (890,970)Maturities of held to maturity investment securities549,995 340,975 Net cash provided by (used in) investing activities333,483 (1,177,147)Financing activities  Dividends paid(650,934)(621,940)Non-controlling interest distributions(19,341)(18,439)Taxes paid related to shares withheld for tax purposes on restricted stock award vestings(14,821)(14,726)Proceeds from issuance of common stock, net402,902 148,220 Proceeds from issuance of long-term debt1,292,161 1,189,484 Financing costs(12,441)(12,078)Repayments of long-term debt(1,825,152)(463,579)Premium and related costs paid on debt extinguishment(2,947)— Net cash used in financing activities(830,573)206,942 Net increase/(decrease) in cash and cash equivalents289,083 (189,848)Cash and cash equivalents at beginning of period462,632 683,983 Cash and cash equivalents at end of period$751,715 $494,135 

7

See accompanying notes to the condensed consolidated financial statements and Note 14 for supplemental cash flow information and noncash investing and financing activities.

8

Gaming and Leisure Properties, Inc.

Notes to the Condensed Consolidated Financial Statements

(unaudited)

1.    Business and Operations

 Gaming and Leisure Properties, Inc. ("GLPI") is a self-administered and self-managed Pennsylvania real estate investment trust ("REIT"). GLPI (together with its subsidiaries, the "Company") was incorporated as a wholly-owned subsidiary of PENN Entertainment, Inc., formerly known as Penn National Gaming, Inc. (NASDAQ: PENN) ("PENN"). On November 1, 2013, PENN contributed to GLPI, through a series of internal corporate restructurings, substantially all of the assets and liabilities associated with PENN’s real property interests and real estate development business, as well as the assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville and then spun-off GLPI to holders of PENN's common and preferred stock in a tax-free distribution (the "Spin-Off"). Since 2021, the Company has been structured as an umbrella partnership REIT under which substantially all of its business is conducted through GL