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Gaming and Leisure Properties GLPI Consolidation Eliminations — Intercompany Loan Receivable

Discontinued — last reported Q2 '18

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LVSConsolidation Eliminations — Intercompany Notes Receivable
-$1.45B-15.7%
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PNRConsolidation Eliminations — Intercompany Loan Activity Net
-$765.2M+38.6%
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DLTRConsolidation Eliminations — Intercompany Notes Receivable Current
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LVSConsolidation Eliminations — Intercompany Notes Receivable Current
-$378.61M-2.1%
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BPOPConsolidation Eliminations — Interest Receivable

Other financials

Income statement

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Revenue$420.0M+6.3%
Gross profit$360.1M+7.0%
Operating income$333.3M+28.8%
Net income$231.8M+40.3%
EPS (diluted)$0.82+36.7%

Balance sheet

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Cash & equivalents$274.5M+62.6%
Total debt$8.4B+2.6%
Total equity$4.6B+10.0%
Total assets$13.8B+13.5%

Cash flow

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Operating cash flow$270.2M+7.0%
CapEx$111.5M+764%
Free cash flow$158.8M-33.7%

Valuation

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Market cap$12.63B-10.2%
Enterprise value$20.74B-6.0%
P/E14.2×-4.0×
P/S7.8×-1.3×

Profitability

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Gross margin100%0.0pp
Operating margin78.8%+5.8pp
Net margin55.1%+5.1pp
FCF margin45.9%-22.0pp

Returns & leverage

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Return on equity20.2%+1.6pp
Debt / equity1.8×-0.1×

Where this comes from

Reported directly by Gaming and Leisure Properties in its filing.

Tagged under the XBRL concept glpi:IntercompanyLoanReceivable.

The official record: Gaming and Leisure Properties’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — intercompany loan receivable mean?
The total amount of internal credit extended between company subsidiaries that is removed during consolidation.
How do you interpret consolidation eliminations — intercompany loan receivable?
An increase indicates higher internal lending, while a decrease indicates repayment or reduction of internal credit.
How does consolidation eliminations — intercompany loan receivable compare across companies?
Standard intercompany accounting adjustment for large corporate structures.