BOYD GAMING CORP
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
BYD$78.29+0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (In thousands) | 2026 | 2025 |
| Cash Flows from Operating Activities | ||
| Net income | $104,293 | $110,882 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 94,989 | 68,223 |
| Amortization of debt financing costs and discounts on debt | 1,727 | 1,889 |
| Non-cash operating lease expense | 25,867 | 23,333 |
| Share-based compensation expense | 7,698 | 7,605 |
| Deferred income taxes | (334) | 2,411 |
| Non-cash interest income | (855) | (418) |
| Non-cash impairment of assets | — | 32,272 |
| Loss on early extinguishments and modifications of debt | 391 | — |
| Other operating activities | 9,687 | (2,417) |
| Changes in operating assets and liabilities, excluding the impact of acquisitions: | ||
| Accounts receivable, net | 5,582 | 22,321 |
| Inventories | 500 | 493 |
| Prepaid expenses and other current assets | (7,521) | 2,716 |
| Income taxes (receivable) payable, net | 37,629 | 39,982 |
| Other assets, net | (942) | 1,710 |
| Accounts payable and accrued liabilities | (119,511) | (31,453) |
| Operating lease liabilities | (25,867) | (23,333) |
| Other liabilities | 1,003 | 177 |
| Net cash provided by operating activities | 134,336 | 256,393 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (155,180) | (169,893) |
| Advances made under note receivable | — | (31,780) |
| Cash paid for asset acquisitions | — | (41,461) |
| Other investing activities | (1,009) | (7,287) |
| Net cash used in investing activities | (156,189) | (250,421) |
| Cash Flows from Financing Activities | ||
| Borrowings under credit facilities | 644,625 | 808,900 |
| Payments under credit facilities | (419,600) | (470,800) |
| Debt financing costs | (825) | — |
| Share-based compensation activities | (13,968) | (5,961) |
| Shares repurchased and retired | (155,037) | (327,997) |
| Dividends paid | (13,767) | (14,665) |
| Other financing activities | — | (5) |
| Net cash provided by (used in) financing activities | 41,428 | (10,528) |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | (50) | 5 |
| Change in cash, cash equivalents and restricted cash | 19,525 | (4,551) |
| Cash, cash equivalents and restricted cash, beginning of period | 358,767 | 321,364 |
| Cash, cash equivalents and restricted cash, end of period | $378,292 | $316,813 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest, net of amounts capitalized | $25,881 | $45,579 |
| Cash paid (received) for income taxes | (514) | 91 |
| Supplemental Schedule of Non-cash Investing and Financing Activities | ||
| Payables incurred for capital expenditures | $42,148 | $24,907 |
| Dividends declared not yet paid | 15,035 | 14,745 |
| Asset acquisition in exchange for contingent consideration | — | 38,539 |
| Derecognition of right-of-use operating lease asset | — | 36,883 |
| Derecognition of lease liability | — | (36,883) |
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