Boyd Gaming Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Boyd Gaming Corp. reported revenue of $4.1B (+4.1% year on year) and net income of $1.8B (+218.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total Revenue | $4.1B | $3.9B | — | — |
| Cost of revenue | $2.1B | $1.9B | $1.7B | $1.6B |
| Selling, general and administrative | $433.1M | $427.2M | $389.9M | $374.0M |
| Master lease rent expense | $113.8M | $111.4M | $108.4M | $106.6M |
| Maintenance and utilities | $151.2M | $148.4M | $151.0M | $143.5M |
| Depreciation and amortization | $302.7M | $276.6M | $256.8M | $258.2M |
| Corporate expense | $121.9M | $113.9M | $116.0M | $117.0M |
| Project development, preopening and writedowns | $12.4M | $28.6M | ($8.9M) | ($18.9M) |
| Asset Impairment Charges | $128.4M | $10.5M | $107.8M | $40.8M |
| Other operating items, net | $15.4M | $5.4M | ($4.2M) | ($12.2M) |
| Total operating costs and expenses | $3.3B | $3.0B | $2.8B | $2.6B |
| Operating income | $748.4M | $927.8M | $901.8M | $981.2M |
| Interest income | ($4.8M) | ($1.6M) | ($23.9M) | ($21.5M) |
| Interest expense, net of amounts capitalized | $157.6M | $177.4M | $171.2M | $151.2M |
| Loss on early extinguishments and modifications of debt | $1.4M | $0 | $0 | $19.8M |
| Other, net | ($1.7B) | ($10.0K) | $1.6M | $2.9M |
| Total other (income) expense, net | ($1.6B) | $175.8M | $148.9M | $152.4M |
| Income before income taxes | $2.3B | $752.0M | $752.9M | $828.8M |
| Income tax provision | ($490.8M) | ($174.1M) | ($132.9M) | ($189.4M) |
| Net income | $1.8B | — | — | — |
| Net loss attributable to noncontrolling interest | $4.4M | — | — | — |
| Net income attributable to Boyd Gaming | $1.8B | $578.0M | $620.0M | $639.4M |
| Basic net income per common share (in dollars per share) | $22.56 | $6.19 | $6.12 | $5.87 |
| Weighted average basic shares outstanding (in shares) | 81.7M | 93.3M | 101.3M | 108.9M |
| Diluted net income per common share (in dollars per share) | $22.56 | $6.19 | $6.12 | $5.87 |
| Weighted average diluted shares outstanding (in shares) | 81.7M | 93.3M | 101.4M | 109.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total Revenue | $1.0B | $997.4M | $1.0B | $1.0B |
| Cost of revenue | $514.2M | $505.3M | $516.2M | $506.9M |
| Selling, general and administrative | $110.9M | $110.0M | $104.0M | $110.1M |
| Master lease rent expense | $28.9M | $28.6M | $28.6M | $28.4M |
| Maintenance and utilities | $38.5M | $35.7M | $40.5M | $37.3M |
| Depreciation and amortization | $91.1M | $95.0M | $73.7M | $70.0M |
| Corporate expense | $33.2M | $36.8M | $30.6M | $35.4M |
| Project development, preopening and writedowns | $15.4M | $20.3M | $4.0M | $2.8M |
| Asset, Impairment Loss | $0 | $0 | $65.1M | $0 |
| Other operating items, net | $1.5M | $1.8M | $1.9M | $762.0K |
| Total operating costs and expenses | $833.7M | $833.4M | $864.6M | $791.6M |
| Operating income | $200.7M | $164.0M | $139.8M | $242.4M |
| Interest income | ($1.3M) | ($1.9M) | ($1.5M) | ($1.3M) |
| Interest expense, net of amounts capitalized | $31.4M | $28.5M | $33.3M | $50.6M |
| Loss on early extinguishments and modifications of debt | $0 | $391.0K | $1.4M | — |
| Other, net | ($3.0K) | $7.0K | ($1.7B) | ($48.0K) |
| Total other expense, net | $30.1M | $27.0M | ($1.7B) | $49.3M |
| Income before income taxes | $170.6M | $137.0M | $1.8B | $193.1M |
| Income tax provision | ($40.6M) | ($32.7M) | ($403.2M) | ($42.8M) |
| Net income | $129.9M | $104.3M | $1.4B | $150.4M |
| Net loss attributable to noncontrolling interest | $1.3M | $1.2M | $1.2M | $1.1M |
| Net income attributable to Boyd Gaming | $131.2M | $105.5M | $1.4B | $151.5M |
| Basic net income per common share (in dollars per share) | $1.75 | $1.37 | $17.81 | $1.84 |
| Weighted average basic shares outstanding (in shares) | 74.8M | 76.8M | 80.9M | 82.3K |
| Diluted net income per common share (in dollars per share) | $1.75 | $1.37 | $17.81 | $1.84 |
| Weighted average diluted shares outstanding (in shares) | 74.8M | 76.8M | 80.9M | 82.3K |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $353.4M | $316.7M | $304.3M | $283.5M |
| Restricted cash | $5.4M | $4.7M | $3.7M | $11.6M |
| Accounts receivable, net | $84.4M | $132.3M | $137.9M | $109.1M |
| Inventories | $20.2M | $21.2M | $20.7M | $22.2M |
| Prepaid expenses and other current assets | $45.5M | $56.6M | $59.3M | $49.4M |
| Income taxes receivable | $21.9M | $30.0M | $3.5M | $2.6M |
| Total current assets | $530.7M | $561.5M | $529.3M | $478.2M |
| Property and equipment, net | $2.9B | $2.7B | $2.5B | $2.4B |
| Operating lease right-of-use assets | $646.1M | $735.6M | $793.3M | $830.3M |
| Other assets, net | $93.5M | $66.5M | $67.8M | $147.4M |
| Intangible assets, net | $1.5B | $1.4B | $1.4B | $1.4B |
| Goodwill, net | $958.0M | $957.9M | $947.3M | $1.0B |
| Total assets | $6.6B | $6.4B | $6.3B | $6.3B |
| Accounts payable | $151.3M | $131.3M | $124.7M | $129.9M |
| Current maturities of long-term debt | $0 | $44.0M | $44.3M | $44.3M |
| Accrued liabilities | $827.9M | $447.4M | $427.4M | $411.9M |
| Total current liabilities | $979.2M | $622.7M | $596.3M | $586.1M |
| Long-term debt, net of current maturities and debt issuance costs | $2.0B | $3.1B | $2.9B | $3.0B |
| Operating lease liabilities, net of current portion | $554.3M | $651.8M | $711.4M | $758.4M |
| Deferred income taxes | $323.5M | $346.9M | $288.8M | $318.6M |
| Other liabilities | $64.3M | $56.4M | $61.3M | $52.2M |
| Preferred stock, $0.01 par value, 5,000,000 shares authorized | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 200,000,000 shares authorized; 76,368,491 and 86,184,155 shares outstanding | 764.0K | 862.0K | 968.0K | 1.0M |
| Additional paid-in capital | $0 | $0 | $0 | $305.2M |
| Retained earnings | $2.6B | $1.6B | $1.7B | $1.3B |
| Accumulated other comprehensive loss | ($1.6M) | ($2.4M) | ($1.1M) | ($1.4M) |
| Boyd Gaming Corporation stockholders' equity | $2.6B | $1.6B | $1.7B | $1.6B |
| Noncontrolling interest | ($617.0K) | — | — | — |
| Total stockholders' equity | $2.6B | — | — | — |
| Total liabilities and stockholders' equity | $6.6B | $6.4B | $6.3B | $6.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $322.7M | $372.7M | $319.1M | $320.1M |
| Restricted cash | $6.1M | $5.6M | $4.9M | $5.9M |
| Accounts receivable, net | $78.8M | $78.7M | $82.2M | $115.4M |
| Inventories | $19.1M | $19.7M | $20.9M | $21.6M |
| Prepaid expenses and other current assets | $55.7M | $53.3M | $68.5M | $54.9M |
| Income taxes receivable | $0 | $0 | $0 | $22.1M |
| Total current assets | $482.4M | $530.0M | $495.6M | $540.0M |
| Property and equipment, net | $3.0B | $2.9B | $2.8B | $2.8B |
| Operating lease right-of-use assets | $623.2M | $628.9M | $660.8M | $674.3M |
| Other assets, net | $89.9M | $95.4M | $176.2M | $185.2M |
| Intangible assets, net | $1.5B | $1.5B | $1.4B | $1.4B |
| Goodwill, net | $990.1M | $957.9M | $957.9M | $958.0M |
| Total assets | $6.7B | $6.6B | $6.5B | $6.6B |
| Accounts payable | $144.0M | $137.5M | $131.4M | $126.5M |
| Accrued liabilities | $476.0M | $729.8M | $484.9M | $458.3M |
| Income taxes payable | $3.4M | $15.7M | $347.1M | — |
| Total current liabilities | $623.4M | $883.0M | $963.4M | $628.8M |
| Long-term debt, net of current maturities and debt issuance costs | $2.6B | $2.3B | $1.9B | $3.5B |
| Operating lease liabilities, net of current portion | $525.0M | $536.7M | $567.9M | $584.5M |
| Deferred income taxes | $359.3M | $323.1M | $356.7M | $361.8M |
| Other liabilities | $65.4M | $63.6M | $65.1M | $65.5M |
| Preferred stock, $0.01 par value, 5,000,000 shares authorized | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 200,000,000 shares authorized; 73,114,319 and 76,368,491 shares outstanding | 731.0K | 748.0K | 786.0K | 805.0K |
| Additional paid-in capital | $0 | $0 | $0 | $0 |
| Retained earnings | $2.5B | $2.5B | $2.7B | $1.4B |
| Accumulated other comprehensive loss | ($2.2M) | ($1.7M) | ($1.8M) | ($1.9M) |
| Boyd Gaming Corporation stockholders' equity | $2.5B | $2.5B | $2.7B | $1.4B |
| Noncontrolling interest | ($3.2M) | ($1.9M) | $956.0K | $2.1M |
| Total stockholders' equity | $2.5B | $2.5B | $2.7B | $1.4B |
| Total liabilities and stockholders' equity | $6.7B | $6.6B | $6.5B | $6.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $1.8B | — | — | $639.4M |
| Depreciation and amortization | $302.7M | $276.6M | $256.8M | $258.2M |
| Amortization of debt financing costs and discounts on debt | $7.1M | $7.6M | $7.8M | $8.6M |
| Non-cash operating lease expense | $91.6M | $87.7M | $78.8M | $65.2M |
| Non-cash expected credit loss (income) on note receivable | $0 | $0 | ($34.4M) | ($35.1M) |
| Share-based compensation expense | $32.1M | $29.7M | $32.4M | $34.1M |
| Deferred income taxes | ($23.5M) | $58.1M | ($29.8M) | $51.0M |
| Non-cash interest income | ($3.0M) | — | — | — |
| Non-cash impairment of assets | $128.4M | $10.5M | $107.8M | $40.8M |
| Gain on sale of investment | ($1.7B) | $0 | $0 | ($13.4M) |
| Loss on early extinguishments and modifications of debt | $1.4M | $0 | $0 | $19.8M |
| Other operating activities | ($1.2M) | $9.1M | $1.7M | $9.5M |
| Accounts receivable, net | $48.0M | $6.0M | ($28.8M) | ($16.8M) |
| Inventories | $1.0M | ($543.0K) | $1.5M | ($2.1M) |
| Prepaid expenses and other current assets | $11.7M | $3.1M | ($10.4M) | ($8.5M) |
| Income taxes (receivable) payable, net | $8.1M | ($26.5M) | ($950.0K) | ($3.0M) |
| Other assets, net | $1.0M | $800.0K | $1.3M | ($7.9M) |
| Accounts payable and accrued liabilities | $373.7M | $6.3M | $10.3M | ($891.0K) |
| Operating lease liabilities | ($91.6M) | ($87.7M) | ($78.8M) | ($65.2M) |
| Other liabilities | ($1.9M) | ($1.7M) | ($30.0K) | $545.0K |
| Net cash provided by operating activities | $976.7M | $957.1M | $914.5M | $976.1M |
| Capital expenditures | ($588.2M) | ($400.4M) | ($373.9M) | ($269.2M) |
| Cash paid for acquisitions, net of cash received | $0 | ($30.3M) | $0 | ($167.9M) |
| Cash paid for gaming license right intangible asset | ($85.0M) | — | — | — |
| Payments received on note receivable | $0 | $208.0K | $113.6M | — |
| Advances made under note receivable | ($31.8M) | — | — | — |
| Proceeds from sale of investment | $1.8B | — | — | — |
| Other investing activities | ($10.2M) | ($3.5M) | ($3.9M) | ($7.8M) |
| Net cash provided by (used in) investing activities | $1.0B | ($433.9M) | ($264.3M) | ($422.3M) |
| Borrowings under credit facility | $2.1B | $1.8B | $1.5B | $2.1B |
| Payments under credit facility | ($3.2B) | ($1.5B) | ($1.6B) | ($1.8B) |
| Share-based compensation activities | ($6.2M) | ($14.8M) | ($19.3M) | ($15.1M) |
| Shares repurchased and retired | -778.3M | -685.9M | -412.7M | -541.6M |
| Dividends paid | ($58.2M) | ($62.7M) | ($63.6M) | ($48.2M) |
| Other financing activities | ($6.0K) | ($172.0K) | ($172.0K) | ($1.2M) |
| Net cash used in financing activities | ($2.0B) | ($509.5M) | ($637.2M) | ($615.9M) |
| Change in cash, cash equivalents and restricted cash | $37.4M | $13.4M | $12.9M | ($62.1M) |
| Cash, cash equivalents and restricted cash, beginning of year | $321.4M | $307.9M | $295.1M | $357.1M |
| Cash, cash equivalents and restricted cash, end of year | $358.8M | $321.4M | $307.9M | $295.1M |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | $194.0K | ($228.0K) | ($73.0K) | ($10.0K) |
| Cash paid for interest, net of amounts capitalized | $151.0M | $173.2M | $166.7M | $144.0M |
| Cash received for interest | $0 | $213.0K | $12.0M | — |
| Cash paid for income taxes | $131.8M | $144.5M | $164.5M | $140.9M |
| Payables incurred for capital expenditures | $38.7M | $27.2M | $23.5M | $7.3M |
| Dividends declared not yet paid | $13.8M | $14.7M | $15.5M | $15.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $234.2M | $104.3M | $1.7B | $261.2M |
| Depreciation and amortization | $186.1M | $95.0M | $212.0M | $138.2M |
| Amortization of debt financing costs and discounts on debt | $3.5M | $1.7M | $5.5M | $3.8M |
| Non-cash operating lease expense | $51.4M | $25.9M | $68.9M | $46.3M |
| Share-based compensation expense | $20.5M | $7.7M | $29.5M | $21.0M |
| Deferred income taxes | $30.8M | ($334.0K) | $9.8M | $14.8M |
| Non-cash interest income | ($1.7M) | ($855.0K) | ($2.1M) | ($1.3M) |
| Non-cash impairment of assets | $0 | $0 | $97.4M | $32.3M |
| Loss on early extinguishments and modifications of debt | $391.0K | $391.0K | $1.4M | — |
| Other operating activities | $16.5M | $9.7M | ($2.3M) | ($2.4M) |
| Accounts receivable, net | $9.3M | $5.6M | $50.1M | $17.0M |
| Inventories | $1.1M | $500.0K | $307.0K | ($410.0K) |
| Prepaid expenses and other current assets | ($9.7M) | ($7.5M) | ($10.4M) | $3.0M |
| Income taxes (receivable) payable, net | $25.1M | $37.6M | $377.1M | $7.9M |
| Other assets, net | ($1.1M) | ($942.0K) | $1.4M | $1.2M |
| Accounts payable and accrued liabilities | ($406.6M) | ($119.5M) | ($18.6M) | ($35.7M) |
| Operating lease liabilities | ($51.4M) | ($25.9M) | ($68.9M) | ($46.3M) |
| Other liabilities | $2.5M | $1.0M | ($1.8M) | $762.0K |
| Net cash provided by operating activities | $110.8M | $134.3M | $701.4M | $461.4M |
| Capital expenditures | ($297.1M) | ($155.2M) | ($439.9M) | ($294.3M) |
| Advances made under note receivable | $0 | $0 | ($31.8M) | ($31.8M) |
| Cash paid for acquisitions, net of cash received | ($46.8M) | $0 | ($41.8M) | — |
| Cash paid for gaming license right | $0 | — | — | — |
| Other investing activities | $269.0K | ($1.0M) | ($9.3M) | ($8.3M) |
| Net cash used in investing activities | ($343.7M) | ($156.2M) | $1.2B | ($375.9M) |
| Borrowings under credit facilities | $1.3B | $644.6M | $1.6B | $1.4B |
| Payments under credit facilities | ($718.2M) | ($419.6M) | ($2.9B) | ($987.4M) |
| Debt financing costs | ($1.8M) | ($825.0K) | — | — |
| Share-based compensation activities | ($21.4M) | ($14.0M) | ($6.0M) | ($6.0M) |
| Shares repurchased and retired | -311.1M | -155.0M | -593.0M | -433.0M |
| Dividends paid | ($28.8M) | ($13.8M) | ($43.9M) | ($29.4M) |
| Other financing activities | $0 | $0 | ($6.0K) | ($6.0K) |
| Net cash provided by (used in) financing activities | $203.0M | $41.4M | ($1.9B) | ($80.6M) |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | ($90.0K) | ($50.0K) | ($113.0K) | ($267.0K) |
| Change in cash, cash equivalents and restricted cash | ($30.0M) | $19.5M | $2.6M | $4.6M |
| Cash, cash equivalents and restricted cash, beginning of period | $358.8M | $358.8M | $321.4M | $321.4M |
| Cash, cash equivalents and restricted cash, end of period | $328.8M | $378.3M | $324.0M | $326.0M |
| Cash paid for interest, net of amounts capitalized | $56.4M | $25.9M | $126.3M | $95.3M |
| Cash paid for income taxes | $26.8M | ($514.0K) | $101.6M | $62.4M |
| Payables incurred for capital expenditures | $67.2M | $42.1M | $45.1M | $32.9M |
| Dividends declared not yet paid | $14.6M | $15.0M | $14.2M | $14.5M |
| Assets acquired in exchange for contingent consideration | $5.0M | $0 | $38.2M | $38.5M |
| Derecognition of right-of-use operating lease asset | $0 | $0 | $36.9M | $36.9M |
| Derecognition of lease liability | $0 | $0 | ($36.9M) | ($36.9M) |
Boyd Gaming Corp. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.