BOYD GAMING CORP BYD Income Statement

Boyd gaming corp (BYD)

Income statement / 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	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Total revenues
680,525	833,131	819,568	846,132	827,288	791,623	612,196	616,793	606,118	595,088	591,542	604,124	610,065	394,294	590,389	601,884	612,692	-	608,138	619,463	610,091	-143,261	866,511	840,802	818,740	-118,627	863,741	849,782	847,499	733,409	731,739	724,617	743,709	713,239	698,981	674,877	663,634	703,012	676,636
Less promotional allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,488	57,010	60,314	-	61,825	59,596	59,513	-115,790	127,668	118,268	110,391	-104,464	125,172	111,034	111,915	110,124	119,349	110,547	110,626	111,959	108,766	100,474	98,688	107,634	98,190
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	531,901	544,874	552,378	558,073	546,313	559,867	550,578	-27,471	738,843	722,534	708,349	-14,163	738,569	738,748	735,584	623,285	612,390	614,070	633,083	601,280	590,215	574,403	564,946	595,378	578,446
Operating costs and expenses
Selling, general and administrative
113,430	110,572	116,899	116,701	115,411	105,635	88,054	88,041	87,583	86,099	91,288	93,037	91,613	80,573	80,833	79,002	81,851	80,016	79,954	81,013	81,689	-21,895	113,436	111,379	124,679	-32,419	122,837	127,000	124,028	117,505	112,393	109,671	109,717	103,656	96,301	96,783	95,788	100,697	99,666
Master lease rent expense
24,665	24,665	24,665	24,431	23,962	20,682	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maintenance and utilities
33,146	35,515	41,351	39,707	38,100	37,501	32,927	28,673	27,926	26,955	30,244	25,864	26,399	23,309	27,854	25,009	23,848	23,583	29,030	26,616	25,319	-21,811	45,050	43,023	43,264	-19,291	45,735	41,042	39,209	38,229	37,929	39,387	38,763	37,663	40,925	36,773	37,415	42,661	37,970
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	63,137	50,424	50,661	50,014	50,086	46,034	48,488	50,584	52,451	55,408
Corporate expense
24,958	25,638	21,411	26,913	31,177	29,226	25,055	24,063	25,857	24,760	19,339	23,251	20,798	22,785	15,877	16,099	17,907	24,928	15,009	17,352	19,652	23,021	15,064	17,621	19,920	20,661	12,084	15,148	15,356	14,522	10,317	13,009	12,871	12,393	11,025	12,264	13,280	11,021	13,526
Project development, preopening and writedowns
3,508	7,485	5,297	4,915	4,031	17,869	18,588	5,801	3,440	5,723	2,975	2,784	2,972	10,634	3,735	5,897	1,841	2,689	1,514	1,749	955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preopening expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,262	1,790	784	-	1,675	789	2,365	6,053	1,618	2,210	1,660	1,342	1,720	1,741	1,831	2,684	1,243
Impairment of assets
171,100	0	0	0	0	-	0	993	-	-	0	0	-	36,862	0	0	1,440	17,500	0	0	1,065	28,476	18,279	293	1,633	-931	1,250	5,032	0	-	0	0	-	-	-	-	-	-	-
Asset transactions costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,064	1,859	155	-	-1,362	614	3,013	11,510	645	6,242	45	-	-	-	-	-	-
Other operating items, net
7,543	355	1,260	105	199	-22	265	132	1,799	193	758	463	486	-271	3	123	429	565	172	54	116	1,876	-1,116	-561	-186	-2,320	3,386	229	1,566	-2,461	-1,095	-8,438	202	-7,841	2,300	2,262	4,707	1,340	1,991
Total operating costs and expenses
818,286	718,272	706,177	719,440	709,662	696,939	542,628	520,535	511,344	514,611	512,602	514,570	515,235	540,354	463,985	464,384	470,128	510,889	476,890	476,773	478,695	28,066	665,069	635,555	639,833	-6,259	660,247	659,369	654,164	1,658,814	563,003	554,773	556,501	543,556	522,051	512,413	516,842	540,895	528,770
Boyd's share of Borgata's operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,675	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income from Borgata
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Operating income (loss)
-137,761	114,859	113,391	126,692	117,626	94,684	69,568	96,258	94,774	80,477	78,940	89,554	94,830	29,752	67,916	80,490	82,250	35,509	69,423	83,094	83,558	-55,537	73,774	86,979	68,516	-7,904	78,322	79,379	81,420	-1,035,529	49,387	59,297	76,582	57,724	68,164	61,990	48,104	54,483	49,676
Other expense (income)
Interest income
439	502	434	816	106	553	2,189	522	457	451	452	455	460	455	1,050	959	497	462	460	465	471	467	466	470	476	368	553	570	656	485	272	408	4	6	15	20	5	0	0
Interest expense, net of amounts capitalized
51,845	55,241	59,661	61,233	61,330	60,300	54,670	44,959	44,259	43,397	43,309	42,728	43,674	42,537	55,203	61,887	53,065	53,966	56,558	57,131	56,935	3,841	75,420	75,296	75,503	-3,958	83,145	88,126	95,682	87,273	74,115	64,788	63,828	66,663	60,083	66,694	57,291	45,781	34,650
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	-	0	-	-	-48	54	0	-20	0	1,912
Fair value adjustment of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-48	-217	0	0
Other, net
344	-113	-113	455	-115	-112	-16	24	380	-625	139	559	111	-688	1	65	77	-7,317	1,753	1,270	618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,535	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-116	-670	288	-	-136	-47	518	-	0	0	0	-	1,000	-	-	-	-
Boyd's share of Borgata's non-operating items, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,661	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	-
Other non-operating expenses from Borgata, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total other expense, net
-51,237	-89,051	-59,582	-60,470	-61,339	-59,859	-52,497	-44,413	-43,483	-42,960	-43,037	-43,210	-43,481	-42,484	-95,672	-61,412	-53,072	-54,278	-58,714	-88,898	-65,251	-3,331	-75,141	-76,400	-74,893	7,248	-109,869	-89,975	-94,508	-86,925	-73,843	-64,380	-63,824	-63,123	-59,014	-66,722	-57,523	-33,246	-32,738
Income (loss) before income taxes
-188,998	25,808	53,809	66,222	56,287	34,825	17,071	51,845	51,291	37,517	35,903	46,344	51,349	-12,732	-27,756	19,078	29,178	-18,769	10,709	-5,804	18,307	-58,868	-1,367	10,579	-6,377	-656	-31,547	-10,596	-13,088	-1,122,454	-24,456	-5,083	12,758	-5,399	9,150	-4,732	-9,419	21,237	16,938
Income tax benefit (provision)
-41,439	1,512	14,404	17,738	10,836	11,958	5,234	13,247	9,892	-44,556	12,746	18,652	16,273	-25,702	-189,620	7,771	7,618	-109	3,694	6,586	-16,796	-17,458	1,961	5,241	4,848	11,162	3,048	-4,102	-2,424	-213,942	-8,050	-5,080	6,283	305	2,170	911	-3,108	6,371	4,912
Income from continuing operations, net of tax
-	-	39,405	48,484	-	-	11,837	38,598	-	82,073	23,157	27,692	35,076	12,970	161,864	11,307	21,560	-	7,015	-12,390	-	-	-	-	-	-11,818	-34,595	-6,494	-10,664	-	-16,406	-3	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	0	0	-	-	0	347	-	0	0	21,017	375	1,478	180,707	18,715	11,630	-	18,410	5,965	-	-	-	-	-	-55,773	0	11,753	-963	-	-676	-688	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,423	-3,328	5,338	-11,225	-39,745	-34,595	5,259	-11,627	-911,777	-17,082	-691	6,475	-3,025	6,980	-5,643	-6,311	5,591	12,026
Net (income) loss attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11,777	4,669	-5,043	-19,807	2,672	-6,368	-4,343	-11,879	-1,286	-1,668	623	5,756	3,871	-2,692	-2,790	9,275	8,644
Net income (loss)
-147,559	24,296	39,405	48,484	45,451	22,867	11,837	38,945	41,399	82,073	23,157	48,709	35,451	14,448	342,571	30,022	33,190	-6,496	25,425	-6,425	35,103	-32,423	-15,105	669	-6,182	-47,340	-37,267	11,627	-7,284	-899,898	-15,796	977	5,852	-491	3,109	-2,951	-3,521	14,866	3,382
Basic net income per common share
Continuing operations (in dollars per share)
-	-	0.35	0.43	-	0.21	0.10	0.34	0.36	0.71	0.20	0.24	0.31	0.11	1.41	0.10	0.19	-	0.06	-0.11	-	-	-	-	-	-0.21	-0.37	0.00	-0.07	-	-0.17	0.02	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	0.00	0.00	-	-	0.00	0.00	-	0.01	0.00	0.18	0.00	0.02	1.58	0.16	0.10	-	0.17	0.05	-	-	-	-	-	-0.30	0.00	0.13	-0.01	-	-0.01	-0.01	-	-	-	-	-	-	-
Basic net income (loss) per common share (in dollars per share)
-1.30	0.21	0.35	0.43	0.40	-	0.10	0.34	-	0.72	0.20	0.42	0.31	0.13	2.99	0.26	0.29	-0.06	0.23	-0.06	0.31	-0.29	-0.14	0.01	-0.06	-0.51	-0.37	0.13	-0.08	-10.27	-0.18	0.01	0.07	-0.01	0.04	-0.03	-0.04	0.06	0.04
Weighted average basic shares outstanding (in shares)
113,708	113,712	113,526	113,318	113,340	114,276	114,410	114,543	114,375	114,498	114,836	115,225	115,269	115,024	114,567	114,328	114,109	114,870	112,608	112,232	111,446	110,356	109,923	109,884	109,753	110,213	101,555	89,230	87,974	87,847	87,643	87,588	87,530	-	87,256	87,204	87,157	86,582	86,511
Diluted net income per common share
Continuing operations (in dollars per share)
-	-	0.35	0.43	-	0.20	0.10	0.34	0.36	0.70	0.20	0.24	0.31	0.11	1.40	0.10	0.19	-	0.06	-0.11	-	-	-	-	-	-0.21	-0.37	0.00	-0.07	-	-0.17	0.02	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	0.00	0.00	-	-	0.00	0.00	-	0.01	0.00	0.18	0.00	0.02	1.57	0.16	0.10	-	0.16	0.05	-	-	-	-	-	-0.30	0.00	0.13	-0.01	-	-0.01	-0.01	-	-	-	-	-	-	-
Diluted net income (loss) per common share (in dollars per share)
-1.30	0.20	0.35	0.43	0.40	-	0.10	0.34	-	0.71	0.20	0.42	0.31	0.13	2.97	0.26	0.29	-0.05	0.22	-0.06	0.31	-0.29	-0.14	0.01	-0.06	-0.51	-0.37	0.13	-0.08	-10.27	-0.18	0.01	0.07	-0.01	0.04	-0.03	-0.04	0.06	0.04
Weighted average diluted shares outstanding (in shares)
113,708	114,151	113,971	113,795	113,871	114,842	115,070	115,218	115,154	115,186	115,501	115,923	115,902	115,609	115,202	115,077	114,868	116,739	113,375	112,232	112,358	109,427	109,923	110,813	109,753	109,178	101,555	90,265	87,974	87,149	87,643	87,829	87,987	87,259	87,432	87,204	87,157	86,684	86,942
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.05	0.05	0.00	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casino [Member]
Total revenues
509,765	615,894	613,487	633,659	620,253	590,413	446,760	447,788	440,463	430,346	428,852	437,125	443,945	251,346	443,568	452,928	462,551	240,443	457,397	468,580	464,757	-59,615	631,668	618,914	608,757	-30,473	633,237	627,926	632,559	540,239	516,206	514,018	535,748	512,888	500,824	486,557	481,935	503,746	490,132
Cost of Revenue
238,700	280,937	276,302	282,593	276,616	265,025	197,435	193,991	189,035	190,015	188,044	189,620	191,933	66,682	217,103	217,768	223,525	62,987	225,653	224,686	226,697	20,908	294,118	288,214	285,174	34,050	302,373	287,801	297,262	266,405	252,300	239,170	248,955	239,674	230,675	223,173	226,609	237,601	229,755
Food and Beverage [Member]
Total revenues
89,884	116,647	108,069	112,047	111,090	108,882	86,006	87,601	85,399	87,134	84,996	87,644	86,605	75,750	74,257	75,898	76,800	72,868	76,713	77,909	76,296	-28,664	115,072	110,353	106,643	-32,900	114,397	112,804	111,774	99,207	106,658	105,187	106,132	101,862	99,221	94,585	92,077	101,164	94,020
Cost of Revenue
89,839	105,340	101,981	103,477	102,151	101,136	82,179	81,619	82,690	83,789	82,942	84,427	84,348	176,102	40,745	42,116	41,803	175,433	41,900	42,913	41,567	-11,246	61,511	61,196	57,269	-12,917	57,655	64,242	60,053	50,249	54,920	60,250	54,078	51,193	50,868	50,080	47,568	50,690	49,149
Occupancy [Member]
Total revenues
46,727	58,141	60,705	61,097	57,244	54,170	47,984	49,434	47,912	44,511	47,600	47,834	46,850	41,166	42,985	43,365	41,875	38,914	41,649	42,332	39,353	-52,645	75,330	70,362	64,380	-53,050	72,299	67,154	63,855	59,314	69,964	69,628	65,997	64,328	64,831	60,459	56,591	64,142	58,671
Cost of Revenue
22,985	27,606	28,393	27,799	26,882	26,040	22,288	21,654	20,933	20,594	21,845	21,442	21,307	44,695	11,247	11,293	10,499	45,409	10,765	10,682	10,047	-1,198	14,679	14,481	13,170	-207	12,556	15,955	13,100	11,860	13,605	15,931	14,135	16,190	13,586	13,514	12,821	13,661	13,056
Product and Service, Other [Member]
Total revenues
34,149	42,449	37,307	39,329	38,701	38,158	31,446	31,970	32,344	33,097	30,094	31,521	32,665	26,032	29,579	29,693	31,466	24,914	32,379	30,642	29,685	-2,337	44,441	41,173	38,960	-2,204	43,808	41,898	39,311	34,649	38,911	35,784	35,832	34,161	34,105	33,276	33,031	33,960	33,813
Cost of Revenue
21,447	23,986	23,526	24,748	23,880	23,755	21,149	21,645	20,805	21,115	19,966	21,119	21,415	26,588	18,660	18,827	19,332	25,912	21,548	19,744	19,646	-5,542	33,554	30,362	27,792	-5,471	33,056	31,199	28,174	28,279	29,947	26,680	26,061	26,570	28,617	27,335	26,239	28,089	27,006