BOYD GAMING CORP BYD Cash Flow

Boyd gaming corp (BYD)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Cash Flows from Operating Activities
Net income (loss)
-147,559	24,296	39,405	48,484	45,451	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	41,399	-	23,157	48,709	35,451	-	342,571	30,022	33,190	-	25,425	-6,425	35,103	-32,423	-3,328	5,338	-11,225	-39,745	-34,595	5,259	-11,627	-911,777	-17,082	-691	6,475
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	0	0	21,017	375	1,478	180,707	18,715	11,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,636	0	11,753	-963	-	-	-	-
Depreciation and amortization
66,965	76,173	65,092	68,051	67,253	70,092	54,688	53,923	51,276	55,794	55,201	52,563	53,964	52,395	47,928	48,250	47,653	51,867	51,345	51,964	51,942	10,670	66,168	65,898	66,179	9,309	69,002	70,318	70,038	63,177	50,424	50,621	50,014
Amortization of debt financing costs and discounts on debt
2,171	2,253	2,293	2,335	2,346	2,379	2,411	2,182	2,186	2,888	2,545	2,199	2,213	2,216	3,577	4,483	4,594	4,732	5,401	5,849	5,326	7,879	4,836	4,833	4,829	17,400	5,301	7,416	4,009	10,500	4,860	3,106	3,150
Non-cash operating lease expense
19,957	7,552	7,504	16,468	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discounts on debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,332	2,271	1,257	-	4,706	4,651	4,505	970	935	922	889
Share-based compensation expense
8,191	3,776	3,559	8,158	9,709	5,063	5,367	6,022	8,927	6,201	2,382	5,747	3,083	8,393	1,542	2,320	3,263	11,037	1,860	2,926	3,441	7,237	1,334	3,424	6,481	9,858	2,049	2,893	4,091	4,687	1,607	2,837	3,116
Deferred income taxes
40,914	-81,712	13,801	36,409	-9,931	-57,186	3,558	11,064	8,094	-48,625	10,713	17,550	15,159	378,604	-190,388	6,763	6,519	-34,049	5,064	6,736	5,394	-10,820	1,251	6,296	4,143	-15,448	2,295	-4,188	8,920	209,960	-5,492	1,385	8,679
Asset Impairment Charges, Total
171,100	0	0	0	0	-	-	-	-	-	-	-	-	36,862	0	0	1,440	17,500	0	0	1,065	28,476	18,279	293	1,633	-	-	-	-	-	-	-	-
Noncash Asset Impairment and Other Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-	-17	-27	42
Distribution from unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishments and modifications of debt
-175	-34,199	-242	-508	0	0	0	0	-61	-729	-319	-378	-156	0	-41,518	-419	-427	-8,400	-863	-30,962	-508	-407	-71	-904	-154	1,167	-27,141	-2,372	0	-	-	-	-
Boyd's share of Borgata's net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,014	-	0	0	0	-	-	-	-	-	-	-	-
Other operating activities
-8	1,282	1,060	132	171	815	57	-41	56	73	-1,650	-1,222	766	425	342	372	486	2,486	451	767	-1,559	-1,903	140	2,429	-199	-3,048	920	553	982	2,132	2,279	1,062	3,486
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,572	-1,655	3,345	-	3,247	21	3,358	-12,878	2,472	-2,440	10,267	-6,505	3,616	-1,430	2,105	-16,193	18,634	3,123	-1,706
Accounts receivable, net
-17,296	4,025	-10,385	2,480	4,195	3,503	1,728	-636	-3,823	6,881	3,595	1,646	-2,185	2,000	-3,342	2,627	-1,330	249	-3,611	2,831	-1,440	-6,200	-919	3,961	-3,830	4,657	-1,506	435	-458	-2,142	-2,387	-4,352	-779
Inventories
134	2,041	-182	1,891	-1,718	1,023	-1,655	-680	-387	188	-1,308	1,161	-606	-151	-634	227	-326	356	542	371	-968	-1,029	650	1,228	-1,223	1,236	-1,405	1,243	-213	203	-1,869	1,657	-570
Prepaid expenses and other current assets
2,227	-9,013	9,862	-428	1,002	-10,608	9,666	-2,235	-1,047	-7,802	3,622	-2,410	1,633	-4,610	-2,940	8,749	-2,890	-856	-3,270	7,786	615	-20,202	5,846	10,304	1,891	-8,605	1,738	-4,967	4,718	-20,835	9,062	4,524	94
Current other tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,802	3,487	-34	-3,491	-50	6,233	-4,079	635	-618	4,062	0	0	0
Income taxes (receivable) payable, net
-242	-236	-758	2,509	-1,219	781	-681	1,861	-1,821	1,130	-357	-345	-1,517	1,276	-447	1,059	-824	1,380	0	-1,247	4	1,533	-442	13	33	-2,185	-7	800	-1,377	-3,634	3,133	959	-908
Other long-term tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,863	13,058	647	-1,111	-57
Other assets, net
25	962	-1,356	495	4,407	-1,426	3,204	2,485	-169	1,308	-5,268	1,425	217	-133	68	37	654	1,227	-524	-44	-1,581	-2,796	-2,136	1,282	1,504	17,520	-18,701	-10,225	6,407	-4,908	2,854	1,197	-208
Accounts payable and accrued liabilities
-51,458	-17,892	23,423	-31,789	25,206	-14,658	48,881	-12,934	-2,795	-11,866	40,858	-20,735	4,959	-44,336	25,397	17,325	-9,991	828	11,718	20,004	-19,725	20,921	12,144	5,202	-9,695	-16,054	-34,063	-7,980	22,950	-47,549	31,355	3,858	-11
Operating lease liabilities
-19,957	-7,552	-7,504	-16,468	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-351	19	248
Other long-term tax liabilities
48	51	51	51	51	48	47	47	47	39	35	35	31	32	63	63	64	14	-2,513	-65	-23,002	2,776	262	-4,710	605	14,540	370	353	-20,292	17,758	1,629	-15,567	-3,219
Other liabilities
-271	615	-668	-5,308	10,639	-2,440	-403	407	2,027	-635	-273	52	-261	-724	79	-373	2,990	-1,509	853	-312	3,345	2,679	-3,880	-161	1,599	-1,333	1,434	-2,980	6,283	-2,935	-1,460	-2,158	485
Net cash provided by operating activities
23,592	133,603	151,077	100,222	164,090	102,355	114,181	99,466	118,525	89,162	133,003	82,782	117,604	43,433	96,645	79,885	80,376	85,225	85,673	96,138	59,638	57,397	94,172	81,160	57,169	-4,564	68,013	76,866	88,904	-313	37,683	32,310	77,488
Cash Flows from Investing Activities
Capital expenditures
48,046	40,840	40,643	36,832	89,322	53,910	44,389	37,327	25,918	29,212	42,501	38,713	80,038	43,028	44,883	37,150	35,297	44,173	28,885	38,843	19,269	43,134	41,108	35,203	18,306	21,545	42,162	35,898	22,558	24,232	31,259	37,267	32,796
Proceeds from sale of Echelon, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	343,750	0	0	0	0
Cash paid for acquisitions, net of cash received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	187,000	0	0	0	0
Advances pursuant to development agreement
-	-	-	-	-	-	-	-	-	70,216	0	0	-35,108	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
0	-5,000	0	11,341	11,918	29,120	1,350	8,740	500	-214	0	-448	-44	-11,488	-2,015	-699	-5	-751	-802	-659	-2,316	9,099	-2,063	-12	-1,112	1,475	16	-317	103	-10,955	-1,720	-2,306	-28
Net cash used in investing activities
-48,046	-35,840	-40,643	-53,708	-101,240	-649,770	-312,359	-146,780	-26,418	-28,998	-43,654	-38,265	-115,102	-251,921	-415,190	-36,451	-35,292	-43,422	-28,083	-38,184	-16,953	-25,189	-65,936	-35,191	-17,194	-27,355	-37,303	-35,581	134,089	-987,475	-379,539	-34,961	-32,768
Borrowings under bank credit facility
965,100	604,400	285,900	341,200	434,829	701,600	79,100	154,300	179,600	494,700	-72,600	279,200	256,700	417,100	1,398,175	0	223,900	406,500	230,900	192,400	203,700	-	239,300	177,200	188,500	-	2,220,975	288,200	202,200	-	154,100	353,700	134,800
Payments under bank credit facility
338,173	891,074	389,874	384,274	466,802	331,300	41,546	327,073	264,403	491,274	174	352,974	275,063	175,562	760,450	0	530,350	261,500	270,175	433,850	245,675	-	273,475	200,650	224,275	-	2,181,075	325,225	232,025	-	163,925	488,025	184,425
Borrowings under Peninsula bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	0	72,000	69,800	95,200	83,400	91,300	79,400	91,400	-	86,200	80,900	75,000	-	107,400	92,900	68,200	-	0	0	0
Payments under Peninsula bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	0	682,525	102,500	114,725	89,600	112,363	114,562	108,625	-	93,463	99,362	90,525	-	113,963	103,862	78,863	-	0	0	0
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	750,000	0	0	750,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Borgata bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162,200	132,500	116,200	-	97,100	96,400	103,600	-	160,800	171,600	182,900
Payments under Borgata bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187,500	138,000	119,400	-	85,200	106,000	109,600	-	171,300	169,900	200,600
Retirements of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	499,998	2	-2,850	2,850	-952	952	-	-	-	-	-	-	-	-
Payments under note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	952	2	2	2	10,814	0	0	0	0
Debt financing costs, net
0	15,456	-16	7	53	199	2,988	11,019	9	730	319	492	1,889	1,502	27,782	-60	12,996	3	505	13,496	0	-206	289	-71	71	-1,759	25,063	12,027	-694	62,202	-7,365	10,202	44
Share-based compensation activities, net
4,111	2,709	11	135	2,921	2,507	-544	6,970	-3,589	9,704	803	1,030	-3,826	-2,648	1,457	1,283	-1,387	-2,186	3,775	127	1,973	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of non-recourse debt by variable interest entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	706	733	1,016	919
Stock Repurchased and Retired During Period, Value
-	-	-	-	-	-	-	-	-19,803	-	-11,070	-11,090	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on loans to variable interest entity's members
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	254	251	250
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	757	-	446	13,145	0	-	-	-	-
Restricted stock units released, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	4	350	0	-	-	-	-
Performance Stock, Value, Shares Issued Net of Tax Withholdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Shares repurchased and retired
11,120	0	284	6,108	21,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
7,808	7,780	7,780	6,684	6,705	6,721	6,742	5,635	5,632	5,633	5,653	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-107	-350	-39	-61	-115	-67	-61	0	-50	0	598	0	-95	-45	0	0	0	-	-	-	-	132	-41	-92	31	-2,095	4	46	-50	-200	-67	-298	-62
Net cash provided by (used in) financing activities
603,781	-88,754	-112,072	-56,069	-63,420	346,058	13,817	500,252	-113,886	-18,422	-88,415	-84,326	-24,173	237,343	-714,875	-31,357	409,642	-21,199	-57,068	-64,228	-57,229	32,787	-69,838	-46,335	-54,935	40,634	-47,519	-272,443	-56,658	839,956	325,835	207,757	-66,762
Cash Flows from Discontinued Operations
Cash flows from operating activities
-	-	-	-	-	-	-	-	-	0	0	-259	-255	-1,200	-29,250	0	2,654	-	-	-	-	-	-	-	-	47,816	0	-1,358	-786	-	-	-	-
Cash flows from investing activities
-	-	-	-	-	-	-	-	-	0	0	35,617	630	3,977	594,080	0	0	-	-	-	-	-	-	-	-	-14,272	0	56,774	-23	-	-	-	-
Cash flows from financing activities
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-30,224	0	0	0	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	0	0	35,358	375	2,777	564,830	0	2,654	-	-	-	-	-	-	-	-	3,320	0	55,416	-809	-	-	-	-
Change in cash, cash equivalents and restricted cash
579,327	9,009	-1,638	-9,555	-570	-201,357	-184,361	453,420	-21,779	41,742	934	-4,451	-21,296	31,632	-468,590	12,077	457,380	34,699	522	-6,274	-14,544	24,431	-41,602	-366	-14,960	12,035	-16,809	-175,742	165,526	-150,943	-16,684	203,741	-22,042
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized
36,175	70,706	43,043	73,298	44,687	71,396	22,668	68,193	16,897	64,456	15,034	64,749	29,851	50,474	54,061	42,340	50,600	41,305	36,429	48,460	52,239	-14,741	82,254	55,704	80,541	-12,156	84,311	76,290	88,261	-	-	-	-
Cash paid for (received from) income taxes
-388	-5,578	0	3,271	187	1,210	1,000	3,382	65	-63	1,000	4,254	-2	2,025	29,500	1,994	204	87	1,162	-752	-1,656	1,023	0	148	84	26	-4,288	-823	-1,313	-	-	-	-
Supplemental Schedule of Non-cash Investing and Financing Activities
Payables incurred for capital expenditures
1,628	311	-1,149	-287	3,022	-2,690	538	630	6,452	5,588	-4,020	2,095	5,634	5,126	-2,932	530	6,610	2,204	-1,908	-394	7,333	6,839	-4,018	1,545	12,478	3,662	-4,751	-5,845	18,445	-	-	-	-