GLPI financial statements
The full income statement, balance sheet, and cash-flow statement for Gaming and Leisure Properties Inc. (GLPI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.59B+4.1% | 1.53B+6.3% | 1.44B+9.8% | 1.31B+7.8% | 1.22B+5.5% | ||
| Lease income | 1.37B+2.8% | 1.33B+3.4% | 1.29B+9.6% | 1.17B+6.0% | 1.11B+7.3% | |
| Cost of revenue | — | — | 0.00 | 0.00-100.0% | 53.0M-6.5% | |
| Selling, general & administrative | 63.5M+6.6% | 59.6M+5.5% | 56.5M+10.0% | 51.3M-16.2% | 61.2M-10.7% | |
| General & administrative | 63.5M+6.6% | 59.6M+5.5% | 56.5M+10.0% | 51.3M-16.2% | 61.2M-10.7% | |
| Provision for credit losses | 8.66M-76.7% | 37.3M+476.6% | 6.46M-6.3% | 6.90M-16.1% | 8.23M | |
| Operating income | 1.20B+6.3% | 1.13B+5.8% | 1.07B+3.8% | 1.03B+22.4% | 842M+4.0% | |
| Interest expense | 374M+1.9% | 367M+13.5% | 323M+4.6% | 309M+9.3% | 283M+0.3% | |
| Interest & investment income | — | 10.8M | 0.00 | 0.00 | — | |
| Other non-operating income | -349M-8.7% | -321M-3.1% | -311M-0.6% | -310M-10.8% | -279M+6.8% | |
| Pre-tax income | 853M+5.3% | 810M+6.9% | 757M+5.1% | 720M+28.1% | 562M+10.4% | |
| Income tax | 2.23M+4.7% | 2.13M+6.6% | 2.00M-88.3% | 17.1M-39.8% | 28.3M+631.0% | |
| 825M+5.2% | 785M+6.9% | 734M+7.2% | 685M+28.2% | 534M+5.6% | ||
| Net income to non-controlling interest | 25.2M+9.6% | 23.0M+9.2% | 21.1M+13.2% | 18.6M+47674.4% | 39.0K | |
| Net income to common | 824M+5.1% | 784M+6.9% | 734M+7.3% | 684M+28.2% | 534M+5.7% | |
| $2.95+2.8% | $2.87+3.6% | $2.77+2.6% | $2.70+19.5% | $2.26-1.7% | ||
| EPS (basic) | $2.95+2.8% | $2.87+3.2% | $2.78+2.6% | $2.71+19.4% | $2.27-1.7% | |
| Weighted-avg shares (basic) | 280M+2.5% | 273M+3.3% | 264M+4.5% | 253M+7.3% | 235M+7.6% | |
| Weighted-avg shares (diluted) | 280M+2.4% | 274M+3.2% | 265M+4.4% | 254M+7.5% | 236M+7.5% | |
| Dividends per share | $3.10+2.0% | $3.04-3.5% | $3.15+10.5% | $2.85-0.3% | $2.86+14.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 224M-51.5% | 463M-32.4% | 684M+186.1% | 239M-67.0% | 725M+49.0% | |
| Short-term investments | 0.00-100.0% | 561M | 0.00 | — | — | |
| 12.9B-1.3% | 13.1B+10.8% | 11.8B+8.0% | 10.9B+2.2% | 10.7B+18.3% | ||
| Property, plant & equipment | — | — | — | — | 13.0M-83.9% | |
| Operating lease right-of-use | 1.07B-1.8% | 1.09B+30.7% | 836M+2152.1% | 37.1M-95.6% | 852M+10.7% | |
| 7.90B-6.3% | 8.43B+15.5% | 7.30B+7.1% | 6.81B-6.7% | 7.30B+14.8% | ||
| Long-term debt | 7.20B-6.9% | 7.74B+16.7% | 6.63B+8.1% | 6.13B-6.5% | 6.55B+13.9% | |
| Operating lease liability (total) | 242M-1.0% | 245M+24.4% | 197M+430.6% | 37.1M-30.4% | 53.3M-65.0% | |
| Finance lease liability (total) | 61.2M+0.7% | 60.8M+12.0% | 54.3M+0.9% | 53.8M+0.9% | 53.3M | |
| Deferred tax liabilities | — | — | — | — | 0.00-100.0% | |
| 4.63B+8.4% | 4.27B+2.7% | 4.16B+0.9% | 4.12B+21.5% | 3.39B+26.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 2.83M+3.1% | 2.74M+1.3% | 2.71M+3.9% | 2.61M+5.5% | 2.47M+6.3% | |
| Additional paid-in capital | 6.61B+6.5% | 6.21B+2.6% | 6.05B+8.6% | 5.57B+12.5% | 4.95B+15.6% | |
| Retained earnings | -1.99B-2.4% | -1.94B-2.4% | -1.90B-5.5% | -1.80B-1.5% | -1.77B-9.9% | |
| Accumulated other comprehensive income | 904K | 0.00 | — | — | — | |
| Total equity incl. non-controlling | 5.01B+7.8% | 4.65B+3.0% | 4.51B+9.5% | 4.12B+21.5% | 3.39B+26.7% | |
| Total liabilities & equity | 12.9B-1.3% | 13.1B+10.8% | 11.8B+8.0% | 10.9B+2.2% | 10.7B+18.3% | |
| Common shares issued | 283M+3.1% | 274M+1.3% | 271M+3.9% | 261M+5.5% | 247M+6.3% | |
| Common shares outstanding | 283M+3.1% | 274M+1.3% | 271M+3.9% | 261M+5.5% | 247M+6.3% | |
| Shares outstanding (cover) | 283M+3.1% | 275M+1.2% | 272M+3.5% | 262M+6.0% | 248M+6.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.13B+5.3% | 1.07B+6.3% | 1.01B+9.7% | 920M+14.5% | 804M+87.8% | ||
| Depreciation & amortization | 283M+3.5% | 273M-1.1% | 276M+8.6% | 255M+1.0% | 252M+3.7% | |
| Share-based compensation | 21.2M-12.7% | 24.3M+6.1% | 22.9M+12.0% | 20.4M+21.4% | 16.8M-15.9% | |
| Deferred income taxes | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 5.33M+1080.9% | |
| Change in payables | 2.88M+307.1% | -1.39M-213.8% | 1.22M+586.9% | -251K+89.1% | -2.30M-83.5% | |
| -309M+80.8% | -1.61B-146.8% | -651M-83.6% | -354M+65.6% | -1.03B-10765.8% | ||
| Capital expenditure | — | 134K+100.0% | 67.0K-57.9% | 159K-98.9% | 13.9M+2838.0% | |
| Free cash flow | — | 1.07B+6.3% | 1.01B+9.7% | 920M+16.5% | 790M+84.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 125K | 0.00 | 0.00-100.0% | 149M+7025.5% | 2.09M+13813.3% | |
| -1.06B-439.6% | 312M+261.1% | 86.4M+108.2% | -1.05B-337.2% | 443M+601.4% | ||
| Long-term debt issued | 1.29B-15.1% | 1.52B+41.2% | 1.08B+154.2% | 424M-46.7% | 795M-61.7% | |
| Long-term debt repaid | 1.83B+293.9% | 464M-20.8% | 585M-54.0% | 1.27B+249.8% | 363M-82.5% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 872M+5.0% | 831M-0.4% | 834M+8.2% | 771M+21.6% | 634M+175.0% | |
| Net change in cash | -238M-7.7% | -221M-149.8% | 445M+191.6% | -486M-303.9% | 238M-48.2% | |
| Interest paid | 357M+8.2% | 330M+6.5% | 310M+8.3% | 286M+4.6% | 273M+4.7% | |
| Income taxes paid | 2.23M-36.8% | 3.52M+91.1% | 1.84M-91.3% | 21.2M+21.1% | 17.5M+417.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 12.7B-4.4% | 13.2B+0.4% | 13.2B-1.8% | 13.4B+11.4% | 12.0B+22.7% | |
| P/E | 15.3×-9.1% | 16.9×-8.2% | 18.4×-16.4% | 22.0×-2.5% | 22.6×+16.2% | |
| P/S | 7.9×-8.2% | 8.6×-7.7% | 9.4×-11.1% | 10.5×+6.4% | 9.9×+16.3% | |
| P/B | 2.7×-11.8% | 3.1×-6.8% | 3.3×-10.5% | 3.7×+4.7% | 3.6×-3.2% | |
| P/FCF | 12.2×-1.1% | 12.3×-13.9% | 14.3×-15.7% | 17.0×+11.4% | 15.3×-33.6% | |
| Earnings yield | 6.5%+10.0% | 5.9%+8.9% | 5.4%+19.6% | 4.5%+2.6% | 4.4%-13.9% | |
| FCF yield | 8.2%+1.1% | 8.1%+16.1% | 7.0%+18.6% | 5.9%-10.2% | 6.6%+50.6% | |
| Dividend yield | 6.9%+9.9% | 6.3%-1.1% | 6.4%+16.7% | 5.5%-6.9% | 5.9%-0.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GLPI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GLPI filings on SEC EDGAR → Not investment advice.
