Subsidiary Issuers was Gaming & Leisure Properties’s largest revenue line in fiscal 2014, bringing in $421.80M of $591.06M (71%).
| Legal Entity | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|
| Subsidiary Issuers | — | $69.88M | $421.80M |
| Non-Guarantor Subsidiaries | — | — | $169.26M |
| Other Subsidiary Non-Issuers | $15.64M | $165.57M | — |
| Total | $15.64M | $235.45M | $591.06M |
Gaming & Leisure Properties brought in $591.06M from its two revenue lines in fiscal 2014, the year ended December 31, 2014. Gaming & Leisure Properties regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $235.45M. Subsidiary Issuers was the largest at $421.80M (71.4%), ahead of Non-Guarantor Subsidiaries at $169.26M (28.6%).
Gaming & Leisure Properties began breaking out Subsidiary Issuers in fiscal 2013 and Non-Guarantor Subsidiaries in fiscal 2014. Gaming & Leisure Properties stopped reporting Other Subsidiary Non-Issuers as a separate revenue line after fiscal 2013, when it brought in $165.57M.
Subsidiary Issuers was Gaming & Leisure Properties’s largest revenue line in fiscal 2017, bringing in $441.74M of $829.22M (53%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Subsidiary Issuers | $411.12M | $424.99M | $441.74M |
| Non-Guarantor Subsidiaries | $163.94M | $662.47M | $387.48M |
| Total | $575.05M | $1.09B | $829.22M |
Gaming & Leisure Properties brought in $829.22M from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was down 23.7% from $1.09B in fiscal 2016. Subsidiary Issuers was the largest at $441.74M (53.3%), ahead of Non-Guarantor Subsidiaries at $387.48M (46.7%).
Compared with fiscal 2016, Subsidiary Issuers grew 3.9% to $441.74M, while Non-Guarantor Subsidiaries fell 41.5% to $387.48M. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $575.05M to $829.22M, a compound annual growth rate of 20.1%. Subsidiary Issuers' share of the total fell from 71.5% to 53.3%.
Glp Capital was Gaming & Leisure Properties’s largest segment in fiscal 2019, bringing in $1.03B of $1.15B (89%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Glp Capital | — | — | $923.18M | $1.03B | |||
| Glp Capital (1) | — | $829.22M | — | — | |||
| Glp Capital | $684.20M | — | — | — | |||
| Trs | — | — | — | $128.39M | |||
| Trs Segment (1) | — | — | $132.55M | — | |||
| Trs Properties | $144.05M | $142.09M | — | — | |||
| Total | $828.26M | $971.31M | $1.06B | $1.15B |
Gaming & Leisure Properties brought in $1.15B from its two segments in fiscal 2019, the year ended December 31, 2019. Gaming & Leisure Properties regrouped these segments after fiscal 2018, so the total does not compare directly with that year's $1.06B. Glp Capital was the largest at $1.03B (88.9%), ahead of Trs at $128.39M (11.1%).
Gaming & Leisure Properties began breaking out Glp Capital in fiscal 2018 and Trs in fiscal 2019. Gaming & Leisure Properties stopped reporting Glp Capital (1) ($829.22M in fiscal 2017), Glp Capital ($684.20M in fiscal 2016), Trs Properties ($142.09M in fiscal 2017) and one other as separate segments.
Gaming & Leisure Properties (GLPI) reports its revenue by legal entity, by consolidated entities and by segment. In fiscal 2014, Subsidiary Issuers was its largest revenue line, bringing in $421.80M (71.4% of the total), followed by Non-Guarantor Subsidiaries at $169.26M (28.6%).
Subsidiary Issuers was Gaming & Leisure Properties' largest revenue line in fiscal 2014, bringing in $421.80M, or 71.4% of the $591.06M total across its two revenue lines.
Glp Capital was Gaming & Leisure Properties' largest segment in fiscal 2019, bringing in $1.03B, or 88.9% of the $1.15B total across its two segments.
Subsidiary Issuers grew faster than Non-Guarantor Subsidiaries in fiscal 2017, up 3.9% from $424.99M to $441.74M. Non-Guarantor Subsidiaries fell 41.5% to $387.48M.
Every figure comes from Gaming & Leisure Properties' annual financial filings, as reported. Each line keeps the name Gaming & Leisure Properties gives it, and years follow its fiscal calendar.
Gaming & Leisure Properties' revenue by legal entity goes back to fiscal 2012, with figures through fiscal 2014. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.