v2.3.0.15
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Operating revenues:    
Gaming$ 500,824$ 503,746$ 1,469,316$ 1,344,283
Food and beverage99,221101,164285,883255,166
Room64,83164,142181,881154,247
Other34,10533,960100,41291,595
Gross revenues698,981703,0122,037,4921,845,291
Less promotional allowances108,766107,634307,928256,332
Net revenues590,215595,3781,729,5641,588,959
Operating costs and expenses:    
Gaming230,675237,601680,457635,461
Food and beverage50,86850,690148,516132,481
Room13,58613,66139,92136,767
Other28,61728,08982,19174,333
Selling, general and administrative96,301100,697288,872270,641
Maintenance and utilities40,92542,661115,113104,770
Depreciation and amortization46,03452,451145,106147,905
Corporate expense11,02511,02136,56936,636
Preopening expenses1,7202,6845,2924,990
Write-downs and other items, net2,3001,3409,2694,932
Total operating costs and expenses522,051540,8951,551,3061,448,916
Operating income from Borgata0008,146
Operating income68,16454,483178,258148,189
Other expense (income):    
Interest income(15)0(40)(4)
Interest expense60,08345,781184,068109,438
Fair value adjustment of derivative instruments002650
Gain on early retirements of debt(54)0(34)(3,949)
Gain on distribution from Borgata0(2,535)0(2,535)
Other income(1,000)(10,000)(1,000)(10,000)
Other non-operating expenses from Borgata, net0003,133
Total other expense, net59,01433,246183,25996,083
Income (loss) before income taxes9,15021,237(5,001)52,106
Income tax (expense) benefit(2,170)(6,371)28(15,532)
Net income (loss)6,98014,866(4,973)36,574
Net (income) loss attributable to noncontrolling interest(3,871)(9,275)1,610(19,166)
Net income (loss) attributable to Boyd Gaming Corporation$ 3,109$ 5,591$ (3,363)$ 17,408
Basic net income (loss) per common share:$ 0.04$ 0.06$ (0.04)$ 0.2
Weighted average basic shares outstanding87,25686,58287,20686,508
Diluted net income (loss) per common share:$ 0.04$ 0.06$ (0.04)$ 0.2
Weighted average diluted shares outstanding87,43286,68487,20686,724