v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenues:                      
Gaming                 $ 2,110,233 $ 1,986,644 $ 1,812,487
Food and beverage                 417,506 388,148 347,588
Room                 264,903 246,209 211,046
Other                 145,460 135,176 123,603
Gross revenues                 2,938,102 2,756,177 2,494,724
Less promotional allowances                 450,676 419,939 353,825
Net revenues 625,842 613,279 615,222 633,083 606,674 590,215 574,403 564,946 2,487,426 2,336,238 2,140,899
Operating costs and expenses:                      
Gaming                 1,011,064 924,451 859,818
Food and beverage                 219,921 200,165 180,840
Room                 55,531 56,111 49,323
Other                 111,075 108,907 99,458
Selling, general and administrative                 452,926 394,991 369,217
Maintenance and utilities                 155,016 153,512 140,722
Depreciation and amortization                 214,332 195,343 199,275
Corporate expense                 50,719 48,962 48,861
Preopening expense                 11,541 6,634 7,459
Impairments of assets                 1,053,526 6,051 0
Other operating items, net                 6,650 8,007 4,713
Total operating costs and expenses                 3,342,301 2,103,134 1,959,686
Operating income from Borgata                 0 0 8,146
Operating income (loss) (1,038,044) 48,348 58,239 76,582 54,846 68,164 61,990 48,104 (854,875) 233,104 189,359
Other expense (income):                      
Interest income                 (1,169) (46) (5)
Interest expense, net of amounts capitalized                 290,004 250,731 180,558
Fair value adjustment of derivative instruments                 0 265 480
(Gain) loss on early retirements of debt                 0 14 (2,758)
Gain on equity distribution                 0 0 (2,535)
Other income                 137 (11,582) (10,000)
Other non-operating expenses                 0 0 3,133
Total other expense, net                 288,972 239,382 168,873
Income (loss) before income taxes                 (1,143,847) (6,278) 20,486
Income taxes                 220,772 (1,721) (8,236)
Net income (loss)                 (923,075) (7,999) 12,250
Net (income) loss attributable to noncontrolling interest                 14,210 4,145 (1,940)
Net income (loss) attributable to Boyd Gaming Corporation $ (899,898) $ (15,796) $ 977 $ 5,852 $ (491) $ 3,109 $ (2,951) $ (3,521) $ (908,865) $ (3,854) $ 10,310
Basic net income (loss) per common share (in USD per share) $ (10.27) $ (0.18) $ 0.01 $ 0.07 $ (0.01) $ 0.04 $ (0.03) $ (0.04) $ (10.37) $ (0.04) $ 0.12
Weighted average basic shares outstanding                 87,652 87,263 86,601
Diluted net income (loss) per common share (in USD per share) $ (10.27) $ (0.18) $ 0.01 $ 0.07 $ (0.01) $ 0.04 $ (0.03) $ (0.04) $ (10.37) $ (0.04) $ 0.12
Weighted average diluted shares outstanding                 87,652 87,263 86,831