Non-Guarantor Subsidiaries was Gaming & Leisure Properties’s largest revenue line in fiscal 2017, bringing in $529.57M of $971.31M (55%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Subsidiary Issuers | $411.12M | $424.99M | $441.74M |
| Non-Guarantor Subsidiaries | $163.94M | $403.26M | $529.57M |
| Total | $575.05M | $828.26M | $971.31M |
Gaming & Leisure Properties brought in $971.31M from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 17.3% from $828.26M in fiscal 2016. Non-Guarantor Subsidiaries was the largest at $529.57M (54.5%), ahead of Subsidiary Issuers at $441.74M (45.5%).
Compared with fiscal 2016, Non-Guarantor Subsidiaries grew 31.3% to $529.57M and Subsidiary Issuers grew 3.9% to $441.74M. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $575.05M to $971.31M, a compound annual growth rate of 30.0%. Non-Guarantor Subsidiaries' share of the total rose from 28.5% to 54.5%.
Subsidiary Issuers was Gaming & Leisure Properties’s largest revenue line in fiscal 2014, bringing in $421.80M of $591.07M (71%).
| Legal Entity | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|
| Subsidiary Issuers | — | $69.88M | $421.80M |
| Other Subsidiary Non-Issuers | $210.64M | $165.57M | — |
| Non-Guarantor Subsidiaries | — | — | $169.26M |
| Parent Guarantor | — | — | $7.00K |
| Total | $210.64M | $235.45M | $591.07M |
Gaming & Leisure Properties brought in $591.07M from its three 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%) and Parent Guarantor at $7.00K (0.0%).
Gaming & Leisure Properties began breaking out Subsidiary Issuers in fiscal 2013, Non-Guarantor Subsidiaries in fiscal 2014 and Parent Guarantor 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.
Real Estate was Gaming & Leisure Properties’s largest product and service line in fiscal 2018, bringing in $923.18M of $1.06B (87%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|
| Real Estate | $684.20M | $829.22M | $923.18M |
| Gaming, Food, Beverage & Other | — | $142.09M | $132.55M |
| Slot Machines | $119.39M | — | — |
| Table Games | $18.07M | — | — |
| Food, Beverage & Other | $11.07M | — | — |
| Poker | $1.14M | — | — |
| Promotional Allowances | -$5.61M | — | — |
| Total | $828.26M | $971.31M | $1.06B |
Gaming & Leisure Properties brought in $1.06B from its two product and service lines in fiscal 2018, the year ended December 31, 2018. That was up 8.7% from $971.31M in fiscal 2017. Real Estate was the largest at $923.18M (87.4%), ahead of Gaming, Food, Beverage & Other at $132.55M (12.6%).
Compared with fiscal 2017, Real Estate grew 11.3% to $923.18M, while Gaming, Food, Beverage & Other fell 6.7% to $132.55M.
Gaming & Leisure Properties began breaking out Gaming, Food, Beverage & Other in fiscal 2017, when it brought in $142.09M. Gaming & Leisure Properties stopped reporting Slot Machines ($119.39M in fiscal 2016), Table Games ($18.07M in fiscal 2016), Food, Beverage & Other ($11.07M in fiscal 2016) and one other as separate lines.
Gaming & Leisure Properties (GLPI) reports its revenue by consolidated entities, by legal entity and by product and service. In fiscal 2017, Non-Guarantor Subsidiaries was its largest revenue line, bringing in $529.57M (54.5% of the total), followed by Subsidiary Issuers at $441.74M (45.5%).
Non-Guarantor Subsidiaries was Gaming & Leisure Properties' largest revenue line in fiscal 2017, bringing in $529.57M, or 54.5% of the $971.31M total across its two revenue lines.
Real Estate was Gaming & Leisure Properties' largest product and service line in fiscal 2018, bringing in $923.18M, or 87.4% of the $1.06B total across its two product and service lines.
Non-Guarantor Subsidiaries grew faster than Subsidiary Issuers in fiscal 2017, up 31.3% from $403.26M to $529.57M. Subsidiary Issuers grew 3.9% to $441.74M.
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 consolidated entities goes back to fiscal 2015, with figures through fiscal 2017. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.