XML 133 R121.htm IDEA: XBRL DOCUMENT v3.6.0.2
Schedule I (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]                        
Net cash from operating activities                 $ 325,751 $ 289,898 $ 229,219  
Net Revenues $ 542,674 $ 546,313 $ 559,867 $ 550,578 $ 531,593 $ 528,897 $ 540,680 $ 541,085 2,199,432 2,142,255 2,198,738  
Operating                 1,190,824 1,184,442 1,218,881  
Selling, general and administrative                 322,420 327,599 341,446  
Maintenance and utilities                 104,548 109,526 106,695  
Depreciation and amortization                 207,118 208,915 218,667  
Corporate expense                 76,941 75,626 63,249  
Project development, preopening and writedowns                 6,907 13,747 10,371  
Impairments of assets                 18,565 48,681 5,351  
Other operating charges, net                 907 13 2,861  
Intercompany expenses                 0 0 0  
Total operating costs and expenses                 1,928,230 1,968,523 1,967,521  
Equity in Earnings of Subsidiaries                 0 0 0  
Operating Income (Loss) 46,802 69,423 83,094 71,883 11,621 41,802 58,749 61,560 271,202 173,732 231,217  
Interest Income (Expense), Nonoperating, Net                 (222,732) (228,181) (260,848)  
Loss on early extinguishments of debt                 40,733 1,536 28,346  
Cash and cash equivalents 158,821       145,341       158,821 145,341 140,311 $ 158,421
Other current assets 98,411       96,609       98,411 96,609    
Property and equipment, net 2,225,342       2,286,108       2,225,342 2,286,108    
Investments in subsidiaries 0 221,400     0       0 0    
Intercompany receivable 0       0       0 0    
Other assets, net 48,341       52,050       48,341 52,050    
Intangible assets, net 890,054       934,249       890,054 934,249 1,010,660 1,059,638
Goodwill, net 685,310       685,310       685,310 685,310    
Total assets 4,350,900       4,422,384       4,350,900 4,422,384    
Current maturities of long-term debt 29,750       29,753       29,750 29,753    
Other current liabilities 325,321       327,442       325,321 327,442    
Accumulated losses of subsidiaries in excess of investment 0       0       0 0    
Intercompany payable 0       0       0 0    
Long-term debt, net of current maturities and debt issuance costs 3,239,799       3,375,098       3,239,799 3,375,098    
Other long-term liabilities 248,019       252,004       248,019 252,004    
Common stock 1,117       1,093       1,117 1,093    
Additional paid-in capital 945,041       922,112       945,041 922,112    
Retained earnings (accumulated deficit) (437,881)       (485,115)       (437,881) (485,115)    
Accumulated other comprehensive income (loss) (316)       (53)       (316) (53)    
Total Boyd Gaming Corporation stockholders’ equity 507,961       438,037       507,961 438,037    
Noncontrolling interest 50       50       50 50 180,450 163,336
Total stockholders’ equity 508,011       438,087       508,011 438,087 650,437 467,127
Total liabilities and stockholders’ equity 4,350,900       4,422,384       4,350,900 4,422,384    
Other, net                 3,676 48 (2,090)  
Total other expense, net                 (267,141) (229,765) (287,104)  
Income (loss) from continuing operations before income taxes                 4,061 (56,033) (55,887)  
Income Tax Expense (Benefit)                 (6,634) (5,408) 7,684  
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (14,434) 7,015 (12,390) 30,504 (33,286) (12,256) (3,971) (1,112) 10,695 (50,625) (63,571)  
Income (loss) from discontinued operations, net of tax 7,565 18,410 5,965 4,599 863 8,928 9,309 (10,113) 36,539 8,987 (44,983)  
Net income (loss)                 47,234 (53,041) (80,708)  
Net (income) loss attributable to noncontrolling interest                 0 0 444  
Net Income (Loss) Attributable to Parent (6,869) $ 25,425 $ (6,425) $ 35,103 (32,423) $ (15,105) $ 669 $ (6,182) 47,234 (53,041) (80,264)  
Income (loss) from discontinued operations attributable to noncontrolling interest, net of tax                 0 11,403 (27,846)  
Fair value of adjustments to available-for-sale securities                 (263) 824 (555)  
Comprehensive income (loss)                 46,971 (51,577) (81,263)  
Payments to Acquire Property, Plant, and Equipment                 131,170 137,751 122,163  
Proceeds from sale of Echelon, net                 0 0 343,750  
Proceeds from sale of other assets, net                 0 0 4,875  
Cash paid for exercise of LVE option                 0 0 (187,000)  
Investments in and advances to unconsolidated subsidiaries, net                 0 (153) (4,335)  
Proceeds from Equity Method Investment, Dividends or Distributions                 0 0 0  
Payments to (Proceeds from) Combined Other Investing Activities                 4,528      
Other investing activities                 4,528 (5,912) (1,277)  
Net cash provided by (used in) investing activities                 (126,642) (143,510) 33,850  
Borrowings under bank credit facility                 1,379,000 1,147,800 3,275,375  
Repayments of Combined Lines of Credit                 1,636,350 1,287,850 3,334,750  
Payments of Debt Issuance Costs                 14,004 83 34,637  
Payments under note payable                 0 (9) (10,820)  
Payments on Retirements of Long-term Debt                 (657,813) 0 (459,278)  
Premium and consent fees paid                 24,246 0 0  
Proceeds from Issuance of Senior Long-term Debt                 750,000 0 0  
Net Financing Activity with Affiliates                 0 0 0  
Share-based compensation activities, net                 3,689 1,791 13,752  
Proceeds from sale of common stock, net                 0 0 216,467  
Proceeds from (Payments for) Other Financing Activities                 0 30 (2,095)  
Net Cash Provided by (Used in) Financing Activities                 199,724 138,321 335,986  
Cash and Cash Equivalents, Period Increase (Decrease)                 13,480 (32,497) (14,990)  
Cash paid for interest, net of amounts capitalized                 178,433 203,758 236,706  
Cash paid (received) for income taxes, net of refunds                 (1,159) 1,255 (6,398)  
Supplemental Schedule of Non-cash Investing and Financing Activities                        
Payables incurred for capital expenditures                 7,235 16,844 11,511  
Peninsula                        
Condensed Financial Statements, Captions [Line Items]                        
Current maturities of long-term debt 0               0      
Boyd                        
Condensed Financial Statements, Captions [Line Items]                        
Net cash from operating activities                 102,080 (39,524) (229,447)  
Net Revenues                 121,541 117,159 123,951  
Operating                 1,800 1,800 1,848  
Selling, general and administrative                 48,173 46,708 46,880  
Maintenance and utilities                 0 0 0  
Depreciation and amortization                 6,179 5,667 6,619  
Corporate expense                 71,700 71,951 59,128  
Impairments of assets                 0 320 0  
Other operating charges, net                 599 164 427  
Intercompany expenses                 (1,204) (1,204) (1,213)  
Total operating costs and expenses                 130,539 127,919 117,701  
Equity in Earnings of Subsidiaries                 (190,570) (85,268) (95,175)  
Operating Income (Loss)                 181,572 74,508 101,425  
Interest Income (Expense), Nonoperating, Net                 (125,890) (132,204) (153,893)  
Loss on early extinguishments of debt                 30,829 0 25,001  
Cash and cash equivalents 2       2       2 2 0 $ 2,520
Other current assets 14,602       10,234       14,602 10,234    
Property and equipment, net 68,515       65,365       68,515 65,365    
Investments in subsidiaries 3,547,690       3,345,735       3,547,690 3,345,735    
Intercompany receivable 0       0       0 0    
Other assets, net 12,521       12,595       12,521 12,595    
Intangible assets, net 0       0       0 0    
Goodwill, net 0       0       0 0    
Total assets 3,643,330       3,433,931       3,643,330 3,433,931    
Current maturities of long-term debt 21,500       21,500       21,500 21,500    
Other current liabilities 102,946       82,711       102,946 82,711    
Accumulated losses of subsidiaries in excess of investment 0       0       0 0    
Intercompany payable 720,400       668,310       720,400 668,310    
Long-term debt, net of current maturities and debt issuance costs 2,255,800       2,183,485       2,255,800 2,183,485    
Other long-term liabilities 34,723       39,888       34,723 39,888    
Common stock 1,117       1,093       1,117 1,093    
Additional paid-in capital 945,041       922,112       945,041 922,112    
Retained earnings (accumulated deficit) (437,881)       (485,115)       (437,881) (485,115)    
Accumulated other comprehensive income (loss) (316)       (53)       (316) (53)    
Total Boyd Gaming Corporation stockholders’ equity 507,961       438,037       507,961 438,037    
Noncontrolling interest 0       0       0 0    
Total stockholders’ equity 507,961       438,037       507,961 438,037    
Total liabilities and stockholders’ equity $ 3,643,330       $ 3,433,931       3,643,330 3,433,931    
Other, net                 396 (793) 137  
Total other expense, net                 (157,115) (131,411) (179,031)  
Income (loss) from continuing operations before income taxes                 24,457 (56,903) (77,606)  
Income Tax Expense (Benefit)                 (22,777) (3,862) 2,658  
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest                 47,234 (53,041) (80,264)  
Income (loss) from discontinued operations, net of tax                 0 0 0  
Net income (loss)                 47,234 (41,638) (108,554)  
Net Income (Loss) Attributable to Parent                 47,234 (53,041) (80,264)  
Income (loss) from discontinued operations attributable to noncontrolling interest, net of tax                     (80,264)  
Comprehensive income (loss)                 46,971 (51,577) (80,819)  
Payments to Acquire Property, Plant, and Equipment                 48,591 43,164 44,985  
Proceeds from sale of Echelon, net                 0 0 343,750  
Proceeds from sale of other assets, net                 0 0 4,875  
Cash paid for exercise of LVE option                 0 0 (187,000)  
Investments in and advances to unconsolidated subsidiaries, net                 0 0 (2,400)  
Proceeds from Equity Method Investment, Dividends or Distributions                 11,200 5,300 9,620  
Payments to (Proceeds from) Combined Other Investing Activities                 3,292      
Other investing activities                   0 0  
Net cash provided by (used in) investing activities                 (34,099) (37,864) 123,860  
Borrowings under bank credit facility                 1,033,500 830,400 2,920,675  
Repayments of Combined Lines of Credit                 1,211,200 910,700 2,927,800  
Payments of Debt Issuance Costs                 14,004 83 24,349  
Payments under note payable                 0 0 (10,341)  
Payments on Retirements of Long-term Debt                 (500,000) 0 (459,278)  
Premium and consent fees paid                 24,246 0 0  
Proceeds from Issuance of Senior Long-term Debt                 750,000 0 0  
Net Financing Activity with Affiliates                 (105,720) 155,952 376,036  
Share-based compensation activities, net                 3,689 1,791 13,752  
Proceeds from sale of common stock, net                 0 0 216,467  
Proceeds from (Payments for) Other Financing Activities                 0 30 (2,095)  
Net Cash Provided by (Used in) Financing Activities                 67,981 (77,390) (103,067)  
Cash and Cash Equivalents, Period Increase (Decrease)                 0 2 (2,520)  
Cash paid for interest, net of amounts capitalized                 112,075 131,517 155,889  
Cash paid (received) for income taxes, net of refunds                 212 (3) 2  
Supplemental Schedule of Non-cash Investing and Financing Activities                        
Payables incurred for capital expenditures                 $ 4,296 $ 6,931 $ 0