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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2013
|
Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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| Operating revenues: | ||||
| Gaming | $ 633,237 | $ 516,206 | $ 1,893,722 | $ 1,564,760 |
| Food and beverage | 114,397 | 106,658 | 338,975 | 317,876 |
| Room | 72,299 | 69,964 | 203,308 | 205,589 |
| Other | 43,808 | 38,911 | 125,017 | 110,416 |
| Gross revenues | 863,741 | 731,739 | 2,561,022 | 2,198,641 |
| Less promotional allowances | 125,172 | 119,349 | 348,121 | 340,512 |
| Net revenues | 738,569 | 612,390 | 2,212,901 | 1,858,129 |
| Operating costs and expenses: | ||||
| Gaming | 302,373 | 252,300 | 887,436 | 739,242 |
| Food and beverage | 57,655 | 54,920 | 181,950 | 169,129 |
| Room | 12,556 | 13,605 | 41,611 | 43,671 |
| Other | 33,056 | 29,947 | 92,429 | 82,643 |
| Selling, general and administrative | 122,837 | 112,393 | 373,865 | 330,711 |
| Maintenance and utilities | 45,735 | 37,929 | 125,986 | 115,924 |
| Depreciation and amortization | 69,002 | 50,424 | 209,358 | 151,059 |
| Corporate expense | 12,084 | 10,317 | 42,588 | 36,197 |
| Preopening expense | 1,675 | 1,618 | 4,829 | 5,488 |
| Impairments of assets | 1,250 | 0 | 6,282 | 0 |
| Asset transactions costs | (1,362) | 645 | 2,265 | 6,917 |
| Other operating charges and credits, net | 3,386 | (1,095) | 5,181 | (9,316) |
| Total operating costs and expenses | 660,247 | 563,003 | 1,973,780 | 1,671,665 |
| Operating income | 78,322 | 49,387 | 239,121 | 186,464 |
| Other expense (income): | ||||
| Interest income | (553) | (272) | (1,779) | (684) |
| Interest expense, net | 83,145 | 74,115 | 266,953 | 202,731 |
| Loss on early extinguishments of debt | 27,141 | 0 | 29,513 | 0 |
| Other, net | 136 | 0 | (335) | 0 |
| Total other expense, net | 109,869 | 73,843 | 294,352 | 202,047 |
| Loss from continuing operations before income taxes | (31,547) | (24,456) | (55,231) | (15,583) |
| Income taxes benefit (expense) | (3,048) | 8,050 | 3,478 | 6,427 |
| Loss from continuing operations, net of tax | (34,595) | (16,406) | (51,753) | (9,156) |
| Income (loss) from discontinued operations, net of tax | 0 | (676) | 10,790 | (2,142) |
| Net Loss | (34,595) | (17,082) | (40,963) | (11,298) |
| Less: net (income) loss attributable to noncontrolling interest | (2,672) | 1,286 | 8,039 | 2,331 |
| Net loss attributable to Boyd Gaming Corporation | $ (37,267) | $ (15,796) | $ (32,924) | $ (8,967) |
| Basic net loss per common share: | ||||
| Continuing operations (in USD per share) | $ (0.37) | $ (0.17) | $ (0.47) | $ (0.08) |
| Discontinued operations (in USD per share) | $ 0.00 | $ (0.01) | $ 0.12 | $ (0.02) |
| Basic net loss per common share (in USD per share) | $ (0.37) | $ (0.18) | $ (0.35) | $ (0.10) |
| Weighted average basic shares outstanding | 101,555 | 87,643 | 93,122 | 87,587 |
| Diluted net loss per common share: | ||||
| Continuing operations (in USD per share) | $ (0.37) | $ (0.17) | $ (0.47) | $ (0.08) |
| Discontinued operations (in USD per share) | $ 0.00 | $ (0.01) | $ 0.12 | $ (0.02) |
| Diluted net loss per common share (in USD per share) | $ (0.37) | $ (0.18) | $ (0.35) | $ (0.10) |
| Weighted average diluted shares outstanding | 101,555 | 87,643 | 93,122 | 87,587 |
| X | ||||||||||
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- Definition
Asset Transactions Costs - includes asset write-downs, impairments and acquisition-related costs No definition available.
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- Definition
Corporate expense No definition available.
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- Definition
Entertainment, retail and other costs and expenses No definition available.
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- Definition
Entertainment, retail and other revenue No definition available.
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- Definition
Gross revenues No definition available.
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- Definition
Preopening Expenses No definition available.
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- Definition
Property maintenance and utility costs No definition available.
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| X | ||||||||||
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- Definition
This element represents the cost of generating revenues from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenues generated by casino operations. Also includes revenues generated by and derived from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The cost related to generating revenue from the sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue from sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Costs incurred and are directly related to generating occupancy revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue derived from the provision of short term lodging; it does not apply to lease or rental income. Includes hotel rooms, cruise revenue, and other revenue related to lodgings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the estimated retail value of accommodations, food and beverage, and other services furnished to guests without charge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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