Boyd gaming corp (BYD)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows from Operating Activities
Net income (loss)

157,636

115,048

189,390

420,231

47,607

-53,041

-

-

-

-

-

-

Net income

-

-

-

-

-

-41,638

-80,708

-923,075

-7,999

12,250

4,241

-223,005

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest

-

-

-

-

-

-

27,846

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations, net of tax

0

347

21,392

212,530

36,539

8,987

-44,983

-

-

-

-

-

Income from discontinued operations attributable to noncontrolling interest, net of tax

-

-

-

-

-

-11,403

-27,846

-4,629

2,679

-

-

-

Depreciation and amortization

276,569

229,979

217,522

196,226

207,118

208,915

218,667

214,236

195,192

199,275

164,427

168,997

Amortization of debt financing costs and discounts on debt

9,227

9,158

9,845

14,870

21,308

22,377

34,126

21,616

11,853

5,369

6,279

4,737

Non-cash operating lease expense

31,524

0

0

-

-

-

-

-

-

-

-

-

Amortization of discounts on debt

-

-

-

-

-

-

-

3,716

3,390

1,294

0

0

Share-based compensation expense

25,202

25,379

17,413

15,518

19,264

18,476

18,891

12,247

9,996

11,324

15,888

14,024

Deferred income taxes

-41,433

-34,470

-5,203

201,498

-16,855

870

-8,421

214,532

-2,381

6,284

15,574

-44,153

Asset Impairment Charges, Total

0

993

0

38,302

18,565

48,681

5,351

1,053,526

-

-

-

-

Distributions of earnings received from Borgata

-

-

-

-

-

-

-

-

-

1,910

60,136

19,579

Gain on equity distribution

-

-

-

-

-

-

-

-

-

2,535

0

0

Noncash Asset Impairment and Other Charges

-

-

-

-

-

-

6,424

-

7,764

0

42,350

382,012

Gain on sale of assets

0

0

1,027

6,288

0

0

-

-

-

-

-

-

Gain on insurance settlement

-

-

-

-

-

-

-

7,098

0

0

-

-

Gain on insurance subrogation settlement

-

-

-

-

-

-

-

7,694

0

0

-

-

Loss on early extinguishments and modifications of debt

-34,949

-61

-1,582

-42,364

-40,733

-1,536

-28,346

0

-14

2,758

15,284

28,553

Boyd's share of Borgata's net income

-

-

-

-

-

-

-

0

-

5,013

52,823

40,347

Bargain purchase gain

-

-

-

-

-

-

-

-

4,582

0

0

-

Other operating activities

2,645

887

-2,033

1,625

2,145

467

-593

8,959

8,392

-5,635

-3,421

609

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-2,579

-2,214

3,858

-3,741

3,326

-8,141

2,817

Accounts receivable, net

315

772

9,937

-45

-1,971

-6,988

3,128

-9,660

11,810

3,808

-2,791

-2,227

Inventories

2,032

-1,699

-565

-884

301

-374

861

-579

-123

519

67

56

Prepaid expenses and other current assets

1,423

-4,224

-4,957

-1,691

4,275

-2,161

-7,116

-7,155

3,676

3,371

-15,598

1,613

Current other tax asset

-

-

-

-

-1,802

-88

2,171

4,062

0

-

-

-

Income taxes (receivable) payable, net

296

140

-1,089

1,064

137

1,137

-2,769

-450

-2,010

-15,658

5,692

-2,871

Other long-term tax assets, net

-5,475

292

5,183

0

0

-

-

-

-

-

-

-

Other long-term tax assets

-5,475

292

5,183

-

-

-

-

12,537

-6,601

4,725

1,038

0

Other assets, net

4,508

4,094

-2,318

626

-922

-2,146

-4,999

-1,065

2,839

3,038

-3,423

-2,473

Accounts payable and accrued liabilities

-1,052

18,494

13,216

-11,605

12,825

28,572

-35,147

-12,347

43,097

36,934

-18,538

-38,543

Operating lease liabilities

-31,524

0

0

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-5,905

805

0

0

Other long-term tax liabilities

204

189

140

222

-25,566

-1,067

-5,029

601

5,815

2,305

-4,618

792

Other liabilities

5,278

-409

-1,117

1,972

2,377

237

3,404

-6,068

-5,260

10,711

4,596

1,257

Net cash provided by operating activities

548,992

434,527

422,551

300,339

326,674

289,898

229,219

147,168

-

269,391

241,963

220,491

Cash Flows from Investing Activities
Cash Flows from Investing Activities
Capital expenditures

207,637

161,544

190,464

160,358

131,170

137,751

122,163

125,554

87,119

75,958

157,557

667,400

Deconsolidation of Borgata

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from sale of Echelon, net

-

-

-

-

-

-

343,750

0

0

-

-

-

Cash paid for acquisitions, net of cash received

-

-

-

592,703

0

0

187,000

0

0

-

-

-

Proceeds from sale of other assets, net

-

-

-

-

-

-

4,875

0

0

-

-

-

Proceeds (Payments) from Investments in Subsidiaries

-

-

-

-

-

153

4,335

-

-

-

-

-

Cash paid for acquisitions, net of cash received

5,535

934,073

1,153

-

-

-

-

1,324,198

278,456

0

0

-

Advances pursuant to development agreement

0

0

35,108

0

0

-

-

-

-

-

-

-

Cash paid to acquire development agreement

-

-

-

-

-

-

-

-

24,450

0

0

-

Net cash effect upon change in controlling interest in Borgata

-

-

-

-

-

-

-

-

-

26,025

0

0

Net cash effect upon consolidation of variable interest entity

-

-

-

-

-

-

-

-

-

41

0

0

Investments in and advances to unconsolidated subsidiaries, net

-

-

-

-

-

-

-

-

-

-

-

5,991

Change in restricted investments

-

-

-

-

-

-

-

-

-26,801

1,131

0

0

Net additional cash paid for Dania Jai-Alai

-

-

-

-

-

-

-

-

-

-

9,375

0

Other investing activities

18,259

39,710

-706

-14,207

-4,528

5,912

1,277

-15,009

-548

-2,146

-1,804

-115

Net cash used in investing activities

-231,431

-1,135,327

-226,019

-738,854

-126,642

-143,510

33,850

-1,434,743

-362,676

-48,877

-165,128

-673,276

Cash Flows from Financing Activities
Borrowings under bank credit facility

1,666,329

1,114,600

958,000

2,039,175

1,033,500

-

-

-

-

-

656,440

1,394,935

Proceeds from Lines of Credit - Peninsula Gaming

-

-

-

237,000

345,500

-

-

-

-

-

-

-

Payments under bank credit facility

2,132,024

964,322

1,119,485

1,466,362

1,211,200

-

-

-

-

-

620,655

866,720

Repayments of Lines of Credit - Peninsula Gaming

-

-

-

899,750

425,150

-

-

-

-

-

-

-

Borrowings under Peninsula bank credit facility

-

-

-

237,000

345,500

-

-

-

-

-

-

-

Payments under Peninsula bank credit facility

-

-

-

899,750

425,150

-

-

-

-

-

-

-

Borrowings under Borgata bank credit facility

-

-

-

-

-

-

-

-

-

-

0

0

Payments under Borgata bank credit facility

-

-

-

-

-

-

-

-

-

-

0

0

Payments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

116,497

Proceeds from issuance of senior notes

1,000,000

700,000

0

750,000

750,000

0

0

700,000

0

490,000

0

0

Proceeds from issuance of Borgata senior secured notes, net

-

-

-

-

-

-

-

-

-

773,176

0

0

Retirements of senior notes

-

-

-

700,000

657,813

0

459,278

0

8,198

187,693

-

-

Payments on retirements of long-term debt

-

-

-

-

-

-

-

-

-

-

89,482

-

Payments under note payable

-

-

-

-

-

9

10,820

0

0

46,875

18,750

0

Retirement of senior notes

750,000

0

0

-

-

-

-

-

-

-

-

-

Premium and consent fees

25,785

0

0

-

-

-

-

-

-

-

-

-

Debt financing costs, net

15,500

14,215

3,430

42,220

14,004

83

34,637

65,083

15,374

27,057

932

12

Share-based compensation activities, net

5,776

5,344

7,711

-1,295

3,689

1,791

13,752

-

-

-

-

-

Net proceeds from issuance of term loan

-

-

-

-

-

-

-

0

0

-

-

-

Proceeds from issuance of non-recourse debt by variable interest entity

-

-

-

-15,750

-24,246

0

0

3,374

7,199

18,091

0

0

Proceeds from sale of common stock, net

-

-

-

-

-

-

216,467

0

0

-

-

-

Stock Repurchased and Retired During Period, Value

-

-

-

0

0

-

-

-

-

-

-

-

Payments on non-recourse debt of variable interest entity

-

-

-

-

-

-

-

928

27,000

0

0

-

Payments on loans to variable interest entity's members

-

-

-

-

-

-

-

928

592

1,194

0

0

Stock options exercised

-

-

-

-

-

-

-

0

0

-

-

-

Restricted stock units released, net

-

-

-

-

-

-

-

0

-

-

-

-

Distributions from Borgata

-

-

-

-

-

-

-

-

-

-123,422

0

0

Shares repurchased and retired

28,045

59,570

31,927

-

-

-

-

-

-

-

7,950

0

Dividends paid

28,949

24,730

11,286

0

0

-

-

-

-

-

-

26,330

Other financing activities

-565

-178

503

-45

0

30

-2,095

-627

-675

170

-456

-140

Net cash provided by (used in) financing activities

-320,315

746,241

-215,336

-99,247

-199,724

-138,321

-335,986

1,306,786

142,410

-168,093

-81,785

385,236

Cash Flows from Discontinued Operations
Cash flows from operating activities

0

0

-514

-27,796

14,095

32,961

45,672

-4,723

2,653

-

-

-

Cash flows from investing activities

0

482

36,247

598,057

0

-36,470

42,479

-416

-111

-

-

-

Cash flows from financing activities

0

0

0

0

0

-37,055

-30,224

0

0

-

-

-

Net cash provided by discontinued operations

0

482

35,733

570,261

14,095

-40,564

57,927

-5,139

2,542

-

-

-

Change in cash, cash equivalents and restricted cash

-2,754

45,923

16,929

32,499

14,403

-32,497

-14,990

14,072

33,133

52,421

-4,950

-67,549

Change in cash classified as discontinued operations

-

-

-

-

-

37,527

-3,120

382

249

-

-

-

Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized

231,734

179,154

174,090

197,475

178,433

203,758

236,706

239,871

233,043

129,070

142,670

110,618

Cash paid for (received from) income taxes

-2,120

5,657

5,189

33,723

-1,159

1,255

-6,398

492

4,946

-9,661

-1,768

13,267

Supplemental Schedule of Non-cash Investing and Financing Activities
Payables incurred for capital expenditures

1,897

4,930

9,297

9,334

7,235

16,844

11,511

15,810

6,324

8,798

35,973

122,310

Interest Expense

-

-

-

212,692

224,590

230,060

262,995

290,004

250,731

-

-

-

Increase (decrease) in fair value of derivative instruments

-

-

-

-

-

-

-

-

11,931

17,742

4,952

-14,221

Assets and Liabilities Deconsolidated (Net of Cash Paid) of Variable Interest Entity
Capitalized share-based compensation costs

-

-

-

-

-

-

-

-

-

-

-

1,398

Restricted cash received as deposit for Morgans joint venture

-

-

-

-

-

-

-

-

-

-

-

672

Disbursement of restricted cash for Morgans joint venture

-

-

-

-

-

-

-

-

-

-

-

29,506

Transfer of land to property and equipment, net from assets held for sale

-

-

-

-

-

-

-

-

-

-

-

23,188

Transfer of investment in unconsolidated subsidiary to property and equipment

-

-

-

-

-

-

-

-

-

-

4,427

0

Increase in term loan under Credit Facility

-

-

-

-

-

-

-

-

-

0

0

-

Extinguishment of previous Borgata credit facility with advance from new Borgata credit facility

-

-

-

-

-

-

-

-

-

73,010

0

0

Inventories

-

-

-

-

-

-

-

-

-

-

-

0

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

0

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

0

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

0

Intangibles

-

-

-

-

-

-

-

-

-

-

-

0

Indefinite lived intangibles

-

-

-

-

-

-

-

-

-

-

-

0

Other assets, net

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of assets consolidated

-

-

-

-

-

-

-

-

-

-

-

0

Current maturities of long-term debt

-

-

-

-

-

-

-

-

-

-

-

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

0

Accounts receivable

-

-

-

-

-

-

-

-

-

-

0

0

Assets held for development

-

-

-

-

-

-

-

-

-

-

0

0

Debt financing costs, net

-

-

-

-

-

-

-

-

-

-

0

0

Restricted investments

-

-

-

-

-

-

-

-

-

-

0

0

Total assets

-

-

-

-

-

-

-

-

-

-

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

0

0

Obligatons of variable interest entity

-

-

-

-

-

-

-

-

-

-

0

0

Other liabilities

-

-

-

-

-

-

-

-

-

-

0

0

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

0

0

Total liabilities and stockholders' equity

-

-

-

-

-

-

-

-

-

-

0

0

Fair value of noncash assets acquired

-

-

-

-

-

-

-

-

-

-

28,352

0

Net additional cash paid for Dania Jai-Alai

-

-

-

-

-

-

-

-

-

-

9,375

0

Termination of contingent liability

-

-

-

-

-

-

-

-

-

-

46,648

0

Note payable issued

-

-

-

-

-

-

-

-

-

-

65,625

0

Liabilities assumed

-

-

-

-

-

-

-

-

-

-

0

0

Boyd
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

0

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

8,767

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities

-

-

-

-86,502

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

42,840

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-626,393

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes, net

-

-

-

750,000

-

-

-

-

-

-

-

-

Debt financing costs, net

-

-

-

42,220

-

-

-

-

-

-

-

-

Retirements of senior notes

-

-

-

350,000

-

-

-

-

-

-

-

-

Proceeds from issuance of non-recourse debt by variable interest entity

-

-

-

-15,750

-

-

-

-

-

-

-

-

Other financing activities

-

-

-

-45

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

714,105

-

-

-

-

-

-

-

-

Cash flows from operating activities

-

-

-

0

-

-

-

-

-

-

-

-

Cash flows from investing activities

-

-

-

0

-

-

-

-

-

-

-

-

Cash flows from financing activities

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

0

-

-

-

-

-

-

-

-

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-

-

-

1,210

-

-

-

-

-

-

-

-