BOYD GAMING CORP BYD Cash Flow

Boyd gaming corp (BYD)

CashFlow / TTM

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)
-35,374	157,636	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	45,321	-	21,680	-7,073	4,690	-41,638	-48,960	-80,227	-80,306	-80,708	-952,740	-935,227	-941,177	-923,075	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	21,392	22,870	203,577	201,275	212,530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27,846	0	0	0	-	-	-	-
Depreciation and amortization
276,281	276,569	270,488	260,084	245,956	229,979	215,681	216,194	214,834	217,522	214,123	206,850	202,537	196,226	195,698	199,115	202,829	207,118	165,921	180,744	194,678	208,915	207,554	210,388	214,808	218,667	272,535	253,957	234,260	214,236	0	0	0
Amortization of debt financing costs and discounts on debt
9,052	9,227	9,353	9,471	9,318	9,158	9,667	9,801	9,818	9,845	9,173	10,205	12,489	14,870	17,386	19,210	20,576	21,308	24,455	23,890	22,874	22,377	31,898	32,363	34,946	34,126	27,226	26,785	22,475	21,616	0	0	0
Non-cash operating lease expense
51,481	31,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discounts on debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	14,832	11,061	7,332	3,716	0	0	0
Share-based compensation expense
23,684	25,202	26,489	28,297	26,161	25,379	26,517	23,532	23,257	17,413	19,605	18,765	15,338	15,518	18,162	18,480	19,086	19,264	15,464	14,938	15,436	18,476	21,097	21,812	21,281	18,891	13,720	13,278	13,222	12,247	0	0	0
Deferred income taxes
9,412	-41,433	-16,907	-27,150	-52,495	-34,470	-25,909	-18,754	-12,268	-5,203	422,026	220,925	210,138	201,498	-211,155	-15,703	-15,730	-16,855	6,374	2,561	2,121	870	-3,758	-2,714	-13,198	-8,421	216,987	209,200	214,773	214,532	0	0	0
Asset Impairment Charges, Total
171,100	0	0	0	0	-	-	-	-	-	-	-	-	38,302	18,940	18,940	18,940	18,565	29,541	47,820	48,113	48,681	0	0	0	-	-	-	-	-	-	-	-
Noncash Asset Impairment and Other Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Distribution from unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishments and modifications of debt
-35,124	-34,949	-750	-508	0	-61	-790	-1,109	-1,487	-1,582	-853	-42,052	-42,093	-42,364	-50,764	-10,109	-40,652	-40,733	-32,740	-31,948	-1,890	-1,536	38	-27,032	-28,500	-28,346	0	0	0	-	-	-	-
Boyd's share of Borgata's net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Other operating activities
2,466	2,645	2,178	1,175	1,002	887	145	-1,562	-2,743	-2,033	-1,681	311	1,905	1,625	3,686	3,795	4,190	2,145	-2,244	-2,555	-893	467	-678	102	-1,774	-593	4,587	5,946	6,455	8,959	0	0	0
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	910	-	-6,252	-7,027	-9,488	-2,579	3,794	4,938	5,948	-2,214	-11,902	3,116	7,669	3,858	0	0	0
Accounts receivable, net
-21,176	315	-207	11,906	8,790	772	4,150	6,017	8,299	9,937	5,056	-1,881	-900	-45	-1,796	-2,065	-1,861	-1,971	-8,420	-5,728	-4,598	-6,988	3,869	3,282	-244	3,128	-3,671	-4,552	-9,339	-9,660	0	0	0
Inventories
3,884	2,032	1,014	-459	-3,030	-1,699	-2,534	-2,187	-346	-565	-904	-230	-1,164	-884	-377	799	943	301	-1,084	-976	-119	-374	1,891	-164	-149	861	-172	-636	-222	-579	0	0	0
Prepaid expenses and other current assets
2,648	1,423	-172	-368	-2,175	-4,224	-1,418	-7,462	-7,637	-4,957	-1,765	-8,327	2,832	-1,691	2,063	1,733	770	4,275	-15,071	-5,955	-3,437	-2,161	9,436	5,328	-9,943	-7,116	-19,346	-12,022	-2,531	-7,155	0	0	0
Current other tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,802	1,685	1,651	-1,840	-88	2,658	-1,387	2,739	2,171	0	4,079	3,444	4,062	0	0	0
Income taxes (receivable) payable, net
1,273	296	1,313	1,390	742	140	489	813	-1,393	-1,089	-943	-1,033	371	1,064	1,168	1,615	-691	137	290	-152	1,108	1,137	-2,581	-2,146	-1,359	-2,769	-4,218	-1,078	-919	-450	0	0	0
Other long-term tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,731	12,537	0	0	0
Other assets, net
126	4,508	2,120	6,680	8,670	4,094	6,828	-1,644	-2,704	-2,318	-3,759	1,577	189	626	1,986	1,394	1,313	-922	-4,945	-6,557	-5,231	-2,146	18,170	1,605	-9,902	-4,999	-27,427	-5,872	5,550	-1,065	0	0	0
Accounts payable and accrued liabilities
-77,716	-1,052	2,182	27,640	46,495	18,494	21,286	13,263	5,462	13,216	-19,254	-34,715	3,345	-11,605	33,559	19,880	22,559	12,825	32,918	33,344	18,542	28,572	-8,403	-54,610	-67,792	-35,147	-66,642	-1,224	10,614	-12,347	0	0	0
Operating lease liabilities
-51,481	-31,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other long-term tax liabilities
201	204	201	197	193	189	180	168	156	140	133	161	189	222	204	-2,372	-2,500	-25,566	-22,804	-20,029	-24,674	-1,067	10,697	10,805	15,868	-5,029	-1,811	-552	-16,472	601	0	0	0
Other liabilities
-5,632	5,278	2,223	2,488	8,203	-409	1,396	1,526	1,171	-1,117	-1,206	-854	-1,279	1,972	1,187	1,961	2,022	2,377	6,565	1,832	1,983	237	-3,775	1,539	-1,280	3,404	1,802	-1,092	-270	-6,068	0	0	0
Net cash provided by operating activities
408,494	548,992	517,744	480,848	480,092	434,527	421,334	440,156	423,472	422,551	376,822	340,464	337,567	300,339	342,131	331,159	347,412	326,674	298,846	307,345	292,367	289,898	227,937	201,778	197,484	229,219	233,470	203,140	158,584	147,168	0	0	0
Cash Flows from Investing Activities
Capital expenditures
166,361	207,637	220,707	224,453	224,948	161,544	136,846	134,958	136,344	190,464	204,280	206,662	205,099	160,358	161,503	145,505	147,198	131,170	130,131	142,354	138,714	137,751	116,162	117,216	117,911	122,163	124,850	113,947	115,316	125,554	0	0	0
Proceeds from sale of Echelon, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	343,750	343,750	343,750	343,750	0	0	0	0
Cash paid for acquisitions, net of cash received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187,000	187,000	187,000	187,000	0	0	0	0
Advances pursuant to development agreement
-	-	-	-	-	-	-	-	-	35,108	-35,108	-35,108	-35,108	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
6,341	18,259	52,379	53,729	51,128	39,710	10,376	9,026	-162	-706	-11,980	-13,995	-14,246	-14,207	-3,470	-2,257	-2,217	-4,528	5,322	4,061	4,708	5,912	-1,712	367	62	1,277	-11,153	-12,889	-14,878	-15,009	0	0	0
Net cash used in investing activities
-178,237	-231,431	-845,361	-1,117,077	-1,210,149	-1,135,327	-514,555	-245,850	-137,335	-226,019	-448,942	-820,478	-818,664	-738,854	-530,355	-143,248	-144,981	-126,642	-108,409	-146,262	-143,269	-143,510	-145,676	-117,043	-117,433	33,850	-926,270	-1,268,506	-1,267,886	-1,434,743	0	0	0
Borrowings under bank credit facility
2,196,600	1,666,329	1,763,529	1,556,729	1,369,829	1,114,600	907,700	756,000	880,900	958,000	880,400	2,351,175	2,071,975	2,039,175	2,028,575	861,300	1,053,700	1,033,500	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Payments under bank credit facility
2,003,395	2,132,024	1,572,250	1,223,922	1,166,721	964,322	1,124,296	1,082,924	1,108,825	1,119,485	803,773	1,564,049	1,211,075	1,466,362	1,552,300	1,062,025	1,495,875	1,211,200	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Borrowings under Peninsula bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	237,000	320,400	339,700	349,300	345,500	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Payments under Peninsula bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	899,750	989,350	419,188	431,250	425,150	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	750,000	750,000	750,000	1,500,000	750,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Borgata bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Payments under Borgata bank credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Retirements of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500,000	-950	0	0	0	0	-	-	-	-	-	-	-	-
Payments under note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	958	10,820	10,818	10,816	10,814	0	0	0	0
Debt financing costs, net
15,447	15,500	243	3,247	14,259	14,215	14,746	12,077	1,550	3,430	4,202	31,665	31,113	42,220	40,721	13,444	27,000	14,004	13,795	13,579	12	83	-1,470	23,304	35,402	34,637	98,598	66,170	64,345	65,083	0	0	0
Share-based compensation activities, net
6,966	5,776	5,574	5,019	11,854	5,344	12,541	13,888	7,948	7,711	-4,641	-3,987	-3,734	-1,295	-833	1,485	329	3,689	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of non-recourse debt by variable interest entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,374	0	0	0
Stock Repurchased and Retired During Period, Value
-	-	-	-	-	-	-	-	-51,730	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on loans to variable interest entity's members
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	928	0	0	0
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Restricted stock units released, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Performance Stock, Value, Shares Issued Net of Tax Withholdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Shares repurchased and retired
17,512	28,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
30,052	28,949	27,890	26,852	25,803	24,730	23,642	22,553	16,918	11,286	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-557	-565	-282	-304	-243	-178	-111	548	548	503	458	-140	-140	-45	0	0	0	-	-	-	-	30	-2,197	-2,152	-2,014	-2,095	-200	-271	-615	-627	0	0	0
Net cash provided by (used in) financing activities
346,886	-320,315	114,497	240,386	796,707	746,241	381,761	279,529	-305,049	-215,336	40,429	-586,031	-533,062	-99,247	-357,789	300,018	267,147	-199,724	-145,738	-158,508	-140,615	-138,321	-130,474	-108,155	-334,263	-335,986	463,336	836,690	1,316,890	1,306,786	0	0	0
Cash Flows from Discontinued Operations
Cash flows from operating activities
-	-	-	-	-	-	-	-	-	-514	-1,714	-30,964	-30,705	-27,796	0	0	0	-	-	-	-	-	-	-	-	45,672	0	0	0	-	-	-	-
Cash flows from investing activities
-	-	-	-	-	-	-	-	-	36,247	40,224	634,304	598,687	598,057	0	0	0	-	-	-	-	-	-	-	-	42,479	0	0	0	-	-	-	-
Cash flows from financing activities
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-30,224	0	0	0	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	35,733	38,510	603,340	567,982	570,261	0	0	0	-	-	-	-	-	-	-	-	57,927	0	0	0	-	-	-	-
Change in cash, cash equivalents and restricted cash
577,143	-2,754	-213,120	-395,843	67,132	45,923	289,022	474,317	16,446	16,929	6,819	-462,705	-446,177	32,499	35,566	504,678	486,327	14,403	4,135	-37,989	-32,081	-32,497	-44,893	-20,100	-195,476	-14,990	-177,968	-177,843	201,640	14,072	0	0	0
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized
223,222	231,734	232,424	212,049	206,944	179,154	172,214	164,580	161,136	174,090	160,108	199,135	176,726	197,475	188,306	170,674	176,794	178,433	122,387	168,212	175,456	203,758	206,343	208,400	228,986	236,706	0	0	0	-	-	-	-
Cash paid for (received from) income taxes
-2,695	-2,120	4,668	5,668	5,779	5,657	4,384	4,384	5,256	5,189	7,277	35,777	33,517	33,723	31,785	3,447	701	-1,159	-223	-1,385	-485	1,255	258	-4,030	-5,001	-6,398	0	0	0	-	-	-	-
Supplemental Schedule of Non-cash Investing and Financing Activities
Payables incurred for capital expenditures
503	1,897	-1,104	583	1,500	4,930	13,208	8,650	10,115	9,297	8,835	9,923	8,358	9,334	6,412	7,436	6,512	7,235	11,870	9,760	11,699	16,844	13,667	12,934	5,544	11,511	0	0	0	-	-	-	-