BOYD GAMING CORP BYD Income Statement

Boyd gaming corp (BYD)

Income statement / 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	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Total revenues
3,179	3,326	3,284	3,077	2,847	2,626	2,430	2,409	2,396	2,400	2,200	2,198	2,196	2,199	2,409	2,427	2,444	-	1,694	1,952	2,174	2,382	2,407	2,404	2,413	2,442	3,294	3,162	3,037	2,933	2,913	2,880	2,830	2,750	2,740	2,718	0	0	0
Less promotional allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	237	240	243	-	65	130	189	240	251	249	242	243	458	452	451	450	452	441	431	419	415	404	0	0	0
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,187	2,201	2,216	2,214	1,629	1,821	1,984	2,142	2,155	2,155	2,171	2,198	2,836	2,710	2,585	2,482	2,460	2,438	2,398	2,330	2,324	2,313	0	0	0
Operating costs and expenses
Selling, general and administrative
457	459	454	425	397	369	349	353	358	362	356	346	332	322	321	320	322	322	220	254	284	327	317	326	342	341	491	480	463	449	435	419	406	392	389	392	0	0	0
Master lease rent expense
98	97	93	69	44	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maintenance and utilities
149	154	156	148	137	127	116	113	110	109	105	103	102	100	100	101	103	104	59	75	91	109	112	112	110	106	164	156	154	154	153	156	154	152	157	154	0	0	0
Depreciation and amortization
276	276	270	260	245	229	215	216	214	217	214	206	202	196	195	199	202	207	165	180	194	208	207	210	214	218	272	253	234	214	201	196	194	195	197	206	0	0	0
Corporate expense
98	105	108	112	109	104	99	94	93	88	86	82	75	72	74	73	75	76	75	75	75	75	73	70	67	63	57	55	53	50	48	49	48	48	47	50	0	0	0
Project development, preopening and writedowns
21	21	32	45	46	45	33	17	14	14	19	20	23	22	14	11	7	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preopening expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	10	10	12	11	6	6	6	6	7	7	0	0	0
Impairment of assets
171	0	0	0	0	-	0	0	-	-	0	0	-	38	18	18	18	18	29	47	48	48	19	2	6	5	6	5	0	-	0	0	-	-	-	-	-	-	-
Asset transactions costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	13	15	21	18	0	0	0	-	-	-	-	-	-
Other operating items, net
9	1	1	0	0	2	2	2	3	1	1	0	0	0	1	1	1	0	2	0	0	0	-4	0	1	2	2	-1	-10	-11	-17	-13	-3	1	10	10	0	0	0
Total operating costs and expenses
2,962	2,853	2,832	2,668	2,469	2,271	2,089	2,059	2,053	2,057	2,082	2,034	1,983	1,938	1,909	1,922	1,934	1,943	1,460	1,648	1,807	1,968	1,934	1,929	1,953	1,967	3,632	3,535	3,430	3,333	2,217	2,176	2,134	2,094	2,092	2,098	0	0	0
Boyd's share of Borgata's operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income from Borgata
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Operating income (loss)
217	472	452	408	378	355	341	350	343	343	293	282	272	260	266	267	270	271	180	184	188	173	221	225	218	231	-796	-825	-845	-850	242	261	264	235	232	214	0	0	0
Other expense (income)
Interest income
2	1	1	3	3	3	3	1	1	1	1	2	2	2	2	2	1	1	1	1	1	1	1	1	1	2	2	1	1	1	0	0	0	0	0	0	0	0	0
Interest expense, net of amounts capitalized
227	237	242	237	221	204	187	175	173	173	172	184	203	212	224	225	220	224	174	193	211	230	222	229	242	262	354	345	321	290	269	255	257	250	229	204	0	0	0
Loss on early extinguishments and modifications of debt
-35	-34	-0	-0	0	-0	-0	-1	-1	-1	-0	-42	-42	-42	-50	-10	-40	-40	-32	-31	-1	-1	0	-27	-28	-28	-29	0	0	-	0	-	-	-0	0	1	0	0	0
Fair value adjustment of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	0	0	0
Other, net
0	0	0	0	-0	0	-0	-0	0	0	0	-0	-0	-0	-7	-5	-4	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	-	-
Boyd's share of Borgata's non-operating items, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other non-operating expenses from Borgata, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total other expense, net
-260	-270	-241	-234	-218	-200	-183	-173	-172	-172	-172	-224	-243	-252	-264	-227	-254	-267	-216	-232	-220	-229	-219	-253	-267	-287	-381	-345	-319	-288	-265	-250	-252	-246	-216	-190	0	0	0
Income (loss) before income taxes
-43	202	211	174	160	155	157	176	171	171	120	57	29	7	1	40	15	4	-35	-47	-31	-56	2	-28	-49	-55	-1,177	-1,170	-1,165	-1,139	-22	11	11	-10	16	24	0	0	0
Income tax benefit (provision)
-7	44	54	45	41	40	-16	-8	-3	3	21	-180	-191	-199	-174	18	17	-6	-23	-25	-27	-5	23	24	14	7	-217	-228	-229	-220	-6	3	9	0	6	9	0	0	0
Income from continuing operations, net of tax
-	-	0	0	-	-	0	0	-	167	98	237	221	207	201	27	0	-	0	0	-	-	-	-	-	-63	-68	-33	0	-	0	0	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	0	0	-	-	0	0	-	21	22	203	201	212	229	54	0	-	0	0	-	-	-	-	-	-44	10	9	0	-	0	0	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41	-48	-80	-80	-80	-952	-935	-941	-923	-14	9	4	-7	0	5	0	0	0
Net (income) loss attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-8	-17	-28	-27	-19	-23	-19	-14	3	8	7	4	7	12	0	0	0
Net income (loss)
-35	157	156	128	119	115	174	185	195	189	121	441	422	420	399	82	45	47	21	-18	-11	-53	-67	-90	-79	-80	-932	-911	-922	-908	-9	9	5	-3	11	11	0	0	0
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	113	113	113	113	114	114	114	114	114	114	115	115	115	114	114	114	114	112	112	111	110	109	109	109	110	101	89	87	87	87	87	87	-	87	87	87	86	86
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	114	113	113	113	114	115	115	115	115	115	115	115	115	115	115	114	116	113	112	112	109	109	110	109	109	101	90	87	87	87	87	87	87	87	87	87	86	86
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.05	0.05	0.00	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casino [Member]
Total revenues
2,372	2,483	2,457	2,291	2,105	1,925	1,765	1,747	1,736	1,740	1,561	1,575	1,591	1,610	1,599	1,613	1,628	1,631	1,331	1,505	1,655	1,799	1,828	1,830	1,839	1,863	2,433	2,316	2,203	2,106	2,078	2,063	2,036	1,982	1,973	1,962	0	0	0
Cost of Revenue
1,078	1,116	1,100	1,021	933	845	770	761	756	759	636	665	693	725	721	729	736	740	697	766	829	888	901	909	909	921	1,153	1,103	1,055	1,006	980	958	942	920	918	917	0	0	0
Food and Beverage [Member]
Total revenues
426	447	440	418	393	367	346	345	345	346	334	324	312	302	299	302	304	303	202	240	273	303	299	298	300	306	438	430	422	417	419	412	401	387	387	381	0	0	0
Cost of Revenue
400	412	408	388	367	347	330	331	333	335	427	385	343	300	300	301	302	301	115	134	153	168	167	163	166	169	232	229	225	219	220	216	206	199	199	197	0	0	0
Occupancy [Member]
Total revenues
226	237	233	220	208	199	189	189	187	186	183	178	174	169	167	165	164	162	70	104	132	157	157	153	150	150	262	260	262	264	269	264	255	246	246	239	0	0	0
Cost of Revenue
106	110	109	103	96	90	85	85	84	85	109	98	88	77	78	77	77	76	30	34	38	41	42	40	41	41	53	54	54	55	59	59	57	56	53	53	0	0	0
Product and Service, Other [Member]
Total revenues
153	157	153	147	140	133	128	127	127	127	120	119	117	116	115	118	119	117	90	102	112	122	122	121	122	122	159	154	148	145	144	139	137	134	134	134	0	0	0
Cost of Revenue
93	96	95	93	90	87	84	83	83	83	89	87	85	83	82	85	86	86	55	67	78	86	86	85	86	86	120	117	113	110	109	107	108	108	110	108	0	0	0