Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheets



	December 31, 2015
					Non-			Non-
					Guarantor			Guarantor
					Subsidiaries			Subsidiaries
			Guarantor		(100%			(Not 100%
(In thousands)	Parent		Subsidiaries		Owned)			Owned)			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	2	$	156,116	$	2,482		$	221		$	—		$	158,821
Other current assets	14,602		73,902		10,415			—			(508		)	98,411
Property and equipment, net	68,515		2,120,455		36,372			—			—			2,225,342
Investments in subsidiaries	3,547,690		—		—			—			(3,547,690		)	—
Intercompany receivable	—		1,702,317		—			—			(1,702,317		)	—
Other assets, net	12,521		17,527		18,293			—			—			48,341
Intangible assets, net	—		865,995		24,059			—			—			890,054
Goodwill, net	—		684,529		781			—			—			685,310
Investment in unconsolidated subsidiary held for sale	—		244,621		—			—			—			244,621
Total assets	$	3,643,330	$	5,865,462	$	92,402		$	221		$	(5,250,515	)	$	4,350,900

Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	21,500	$	8,250	$	—		$	—		$	—		$	29,750
Other current liabilities	102,946		198,590		24,071			—			(286		)	325,321
Accumulated losses of subsidiaries in excess of investment	—		4,507		302			—			(4,809		)	—
Intercompany payable	720,400		—		981,688			475			(1,702,563		)	—
Long-term debt, net of current maturities and debt issuance costs	2,255,800		983,999		—			—			—			3,239,799
Other long-term liabilities	34,723		213,296		—			—			—			248,019

Boyd Gaming Corporation stockholders' equity (deficit)	507,961		4,456,820		(913,659		)	(254		)	(3,542,907		)	507,961
Noncontrolling interest	—		—		—			—			50			50
Total stockholders' equity (deficit)	507,961		4,456,820		(913,659		)	(254		)	(3,542,857		)	508,011
Total liabilities and stockholders' equity	$	3,643,330	$	5,865,462	$	92,402		$	221		$	(5,250,515	)	$	4,350,900

Condensed Consolidating Balance Sheets - continued



	December 31, 2014
					Non-			Non-
					Guarantor			Guarantor
					Subsidiaries			Subsidiaries
			Guarantor		(100%			(Not 100%
(In thousands)	Parent		Subsidiaries		Owned)			Owned)			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	2	$	143,580	$	1,540		$	219		$	—		$	145,341
Other current assets	10,234		78,242		8,602			—			(469		)	96,609
Property and equipment, net	65,365		2,179,813		40,930			—			—			2,286,108
Investments in subsidiaries	3,345,735		7,167		—			—			(3,352,902		)	—
Intercompany receivable	—		1,636,197		—			—			(1,636,197		)	—
Other assets, net	12,595		21,464		17,991			—			—			52,050
Intangible assets, net	—		910,190		24,059			—			—			934,249
Goodwill, net	—		684,529		781			—			—			685,310
Investment in unconsolidated subsidiary held for sale	—		222,717		—			—			—			222,717
Total assets	$	3,433,931	$	5,883,899	$	93,903		$	219		$	(4,989,568	)	$	4,422,384

Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	21,500	$	8,253	$	—		$	—		$	—		$	29,753
Other current liabilities	82,711		219,868		25,100			—			(237		)	327,442
Accumulated losses of subsidiaries in excess of investment	—		—		227			—			(227		)	—
Intercompany payable	668,310		—		967,374			397			(1,636,081		)	—
Long-term debt, net of current maturities and debt issuance costs	2,183,485		1,191,613		—			—			—			3,375,098
Other long-term liabilities	39,888		212,116		—			—			—			252,004

Boyd Gaming Corporation stockholders' equity (deficit)	438,037		4,252,049		(898,798		)	(178		)	(3,353,073		)	438,037
Noncontrolling interest	—		—		—			—			50			50
Total stockholders' equity (deficit)	438,037		4,252,049		(898,798		)	(178		)	(3,353,023		)	438,087
Total liabilities and stockholders' equity	$	3,433,931	$	5,883,899	$	93,903		$	219		$	(4,989,568	)	$	4,422,384

Schedule of Condensed Income Statement

Condensed Consolidating Statements of Operations



	Year Ended December 31, 2015
						Non-			Non-
						Guarantor			Guarantor
						Subsidiaries			Subsidiaries
			Guarantor			(100%			(Not 100%
(In thousands)	Parent		Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Net revenues	$	121,541	$	2,173,147		$	48,353		$	—		$	(143,609	)	$	2,199,432
Operating costs and expenses
Operating	1,800		1,145,181			43,843			—			—			1,190,824
Selling, general and administrative	48,173		267,661			6,604			—			(18		)	322,420
Maintenance and utilities	—		103,086			1,462			—			—			104,548
Depreciation and amortization	6,179		196,865			4,074			—			—			207,118
Corporate expense	71,700		1,781			3,460			—			—			76,941
Project development, preopening and writedowns	884		2,351			3,596			76			—			6,907
Impairment of assets	—		17,500			1,065			—			—			18,565
Other operating items, net	599		308			—			—			—			907
Intercompany expenses	1,204		140,971			1,416			—			(143,591		)	—
Total operating costs and expenses	130,539		1,875,704			65,520			76			(143,609		)	1,928,230
Equity in earnings of subsidiaries	190,570		(2,204		)	(76		)	—			(188,290		)	—
Operating income (loss)	181,572		295,239			(17,243		)	(76		)	(188,290		)	271,202
Other expense (income)
Interest expense, net	125,890		96,818			24			—			—			222,732
Loss on early extinguishments of debt	30,829		9,904			—			—			—			40,733
Other, net	396		2,959			321			—			—			3,676
Total other expense, net	157,115		109,681			345			—			—			267,141
Income (loss) before income taxes	24,457		185,558			(17,588		)	(76		)	(188,290		)	4,061
Income taxes benefit (provision)	22,777		(16,089		)	(54		)	—			—			6,634
Income (loss) from continuing operations, net of tax	47,234		169,469			(17,642		)	(76		)	(188,290		)	10,695
Income from discontinued operations, net of tax	—		36,539			—			—			—			36,539
Net income (loss)	$	47,234	$	206,008		$	(17,642	)	$	(76	)	$	(188,290	)	$	47,234
Comprehensive income (loss)	$	46,971	$	205,745		$	(17,642	)	$	(76	)	$	(188,027	)	$	46,971

Condensed Consolidating Statements of Operations - continued



	Year Ended December 31, 2014
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Net revenues	$	117,159		$	2,114,021		$	48,687		$	—		$	(137,612	)	$	2,142,255
Operating costs and expenses
Operating	1,800			1,134,312			48,330			—			—			1,184,442
Selling, general and administrative	46,708			273,924			7,187			—			(220		)	327,599
Maintenance and utilities	—			108,002			1,523			1			—			109,526
Depreciation and amortization	5,667			200,356			2,892			—			—			208,915
Corporate expense	71,951			1,849			1,826			—			—			75,626
Project development, preopening and writedowns	105			8,894			4,586			162			—			13,747
Impairment of assets	320			41,090			7,271			—			—			48,681
Other operating items, net	164			(177		)	—			—			—			(13		)
Intercompany expenses	1,204			134,710			1,478			—			(137,392		)	—
Total operating costs and expenses	127,919			1,902,960			75,093			163			(137,612		)	1,968,523
Equity in earnings of subsidiaries	85,268			(2,764		)	(162		)	—			(82,342		)	—
Operating income (loss)	74,508			208,297			(26,568		)	(163		)	(82,342		)	173,732
Other expense (income)
Interest expense, net	132,204			95,953			24			—			—			228,181
Loss on early extinguishments of debt	—			1,536			—			—			—			1,536
Other, net	(793		)	(683		)	1,524			—			—			48
Total other expense, net	131,411			96,806			1,548			—			—			229,765
Income (loss) before income taxes	(56,903		)	111,491			(28,116		)	(163		)	(82,342		)	(56,033		)
Income taxes benefit (provision)	3,862			1,644			(98		)	—			—			5,408
Income (loss) from continuing operations, net of tax	(53,041		)	113,135			(28,214		)	(163		)	(82,342		)	(50,625		)
Income (loss) from discontinued operations, net of tax	—			(13,819		)	—			22,806			—			8,987
Income from discontinued operations attributable to noncontrolling interest, net of tax	—			—			—			—			(11,403		)	(11,403		)
Net income (loss) attributable to controlling interest	$	(53,041	)	$	99,316		$	(28,214	)	$	22,643		$	(93,745	)	$	(53,041	)
Comprehensive income (loss)	$	(51,577	)	$	100,780		$	(28,214	)	$	22,643		$	(95,209	)	$	(51,577	)

Consolidating Statements of Operations - continued



	Year Ended December 31, 2013
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Net revenues	$	123,951		$	2,170,332		$	49,937		$	1,933		$	(147,415	)	$	2,198,738
Operating costs and expenses
Operating	1,848			1,167,767			49,266			—			—			1,218,881
Selling, general and administrative	46,880			287,007			7,601			—			(42		)	341,446
Maintenance and utilities	—			105,228			1,467			—			—			106,695
Depreciation and amortization	6,619			209,744			2,304			—			—			218,667
Corporate expense	59,128			2,793			1,328			—			—			63,249
Project development, preopening and writedowns	1,586			3,956			6,722			41			(1,934		)	10,371
Impairment of assets	—			16,835			1,250			—			(12,734		)	5,351
Other operating items, net	427			2,388			46			—			—			2,861
Intercompany expenses	1,213			142,213			2,015			—			(145,441		)	—
Total operating costs and expenses	117,701			1,937,931			71,999			41			(160,151		)	1,967,521
Equity in earnings of subsidiaries	95,175			(1,906		)	—			—			(93,269		)	—
Operating income (loss)	101,425			230,495			(22,062		)	1,892			(80,533		)	231,217
Other expense (income)
Interest expense, net	153,893			104,555			23			2,377			—			260,848
Loss on early extinguishments of debt	25,001			3,343			2			—			—			28,346
Other, net	137			(2,160		)	(67		)	—			—			(2,090		)
Total other expense, net	179,031			105,738			(42		)	2,377			—			287,104
Income (loss) from continuing operations before income taxes	(77,606		)	124,757			(22,020		)	(485		)	(80,533		)	(55,887		)
Income taxes benefit (provision)	(2,658		)	(5,069		)	43			—			—			(7,684		)
Income (loss) from continuing operations, net of tax	(80,264		)	119,688			(21,977		)	(485		)	(80,533		)	(63,571		)
Income (loss) from discontinued operations, net of tax	—			—			23,442			(55,692		)	(12,733		)	(44,983		)
Loss from discontinued operations attributable to noncontrolling interest, net of tax	—			—			—			—			27,846			27,846
Net income (loss)	(80,264		)	119,688			1,465			(56,177		)	(65,420		)	(80,708		)
Net loss attributable to noncontrolling interest	—			—			—			—			444			444
Net income (loss) attributable to controlling interest	$	(80,264	)	$	119,688		$	1,465		$	(56,177	)	$	(64,976	)	$	(80,264	)
Comprehensive income (loss)	$	(80,819	)	$	119,133		$	1,465		$	(56,177	)	$	(64,865	)	$	(81,263	)

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows



	Year Ended December 31, 2015
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	102,080		$	237,041		$	(13,085	)	$	(76	)	$	(209	)	$	325,751

Cash flows from investing activities
Capital expenditures	(48,591		)	(82,392		)	(187		)	—			—			(131,170		)
Net activity with affiliates	—			(66,691		)	—			—			66,691			—
Distributions from subsidiary	11,200			—			—			—			(11,200		)	—
Other investing activities	3,292			1,236			—			—			—			4,528
Net cash from investing activities	(34,099		)	(147,847		)	(187		)	—			55,491			(126,642		)

Cash flows from financing activities
Borrowings under bank credit facility	1,033,500			345,500			—			—			—			1,379,000
Payments under bank credit facility	(1,211,200		)	(425,150		)	—			—			—			(1,636,350		)
Proceeds from issuance of senior notes, net	750,000			—			—			—			—			750,000
Debt financing costs, net	(14,004		)	—			—			—			—			(14,004		)
Payments on retirements of long-term debt	(500,000		)	(3		)	(157,810		)	—			—			(657,813		)
Premium and consent fees paid	(24,246		)	—			—			—			—			(24,246		)
Net activity with affiliates	(105,720		)	—			172,124			78			(66,482		)	—
Distributions to parent	—			(11,100		)	(100		)	—			11,200			—
Share-based compensation activities, net	3,689			—			—			—			—			3,689
Net cash from financing activities	(67,981		)	(90,753		)	14,214			78			(55,282		)	(199,724		)

Cash flows from discontinued operations
Cash flows from operating activities	—			14,095			—			—			—			14,095
Cash flows from investing activities	—			—			—			—			—			—
Cash flows from financing activities	—			—			—			—			—			—
Net cash from discontinued operations	—			14,095			—			—			—			14,095

Net change in cash and cash equivalents	—			12,536			942			2			—			13,480
Cash and cash equivalents, beginning of period	2			143,580			1,540			219			—			145,341
Cash and cash equivalents, end of period	$	2		$	156,116		$	2,482		$	221		$	—		$	158,821

Condensed Consolidating Statements of Cash Flows - continued



	Year Ended December 31, 2014
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	(39,524	)	$	323,402		$	1,847		$	4,290		$	(117	)	$	289,898

Cash flows from investing activities
Capital expenditures	(43,164		)	(94,442		)	(145		)	—			—			(137,751		)
Investments in and advances to unconsolidated subsidiaries, net	—			—			—			153			—			153
Net activity with affiliates	—			(158,791		)	—			—			158,791			—
Distributions from subsidiary	5,300			—			—			—			(5,300		)	—
Other investing activities	—			(670		)	(5,242		)	—			—			(5,912		)
Net cash from investing activities	(37,864		)	(253,903		)	(5,387		)	153			153,491			(143,510		)

Cash flows from financing activities
Borrowings under bank credit facility	830,400			317,400			—			—			—			1,147,800
Payments under bank credit facility	(910,700		)	(377,150		)	—			—			—			(1,287,850		)
Debt financing costs, net	(83		)	—			—			—			—			(83		)
Payments under note payable	—			(9		)	—			—			—			(9		)
Net activity with affiliates	155,952			—			2,590			132			(158,674		)	—
Distributions to parent	—			(5,200		)	(100		)	—			5,300			—
Share-based compensation activities, net	1,791			—			—			—			—			1,791
Other financing activities	30			—			—			—			—			30
Net cash from financing activities	77,390			(64,959		)	2,490			132			(153,374		)	(138,321		)

Cash flows from discontinued operations
Cash flows from operating activities	—			1,419			—			31,542			—			32,961
Cash flows from investing activities	—			—			—			(36,470		)	—			(36,470		)
Cash flows from financing activities	—			—			—			(37,055		)	—			(37,055		)
Net cash from discontinued operations	—			1,419			—			(41,983		)	—			(40,564		)

Net change in cash and cash equivalents	2			5,959			(1,050		)	(37,408		)	—			(32,497		)
Cash and cash equivalents, beginning of period	—			137,621			2,590			100			—			140,311
Change in cash classified as discontinued operations	—			—			—			37,527			—			37,527
Cash and cash equivalents, end of period	$	2		$	143,580		$	1,540		$	219		$	—		$	145,341

Condensed Consolidating Statements of Cash Flows - continued



	Year Ended December 31, 2013
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	(229,447	)	$	508,045		$	(53,638	)	$	3,932		$	327		$	229,219

Cash flows from investing activities
Capital expenditures	(44,985		)	(76,941		)	(237		)	—			—			(122,163		)
Proceeds from sale of Echelon, net	343,750			—			—			—			—			343,750
Proceeds from sale of other assets, net	4,875			—			—			—			—			4,875
Cash paid for exercise of LVE option	(187,000		)	—			—			—			—			(187,000		)
Investments in and advances to unconsolidated subsidiaries, net	(2,400		)	—			—			(4,335		)	2,400			(4,335		)
Net activity with affiliates	—			(377,752		)	2,001			42			375,709			—
Distribution from subsidiary	9,620			—			—			—			(9,620		)	—
Other investing activities	—			3,433			(4,686		)	(24		)	—			(1,277		)
Net cash from investing activities	123,860			(451,260		)	(2,922		)	(4,317		)	368,489			33,850

Cash flows from financing activities
Borrowings under bank credit facility	2,920,675			354,700			—			—			—			3,275,375
Payments under bank credit facility	(2,927,800		)	(406,950		)	—			—			—			(3,334,750		)
Debt financing costs, net	(24,349		)	(10,288		)	—			—			—			(34,637		)
Payments under note payable	(10,341		)	(479		)				—			—			(10,820		)
Payments on retirements of long-term debt	(459,278		)	—			—			—			—			(459,278		)
Advances from parent	—			2,400			—			—			(2,400		)	—
Net activity with affiliates	376,036			—			—			—			(376,036		)	—
Distributions to parent	—			(9,500		)	(120		)	—			9,620			—
Share-based compensation activities, net	13,752			—			—			—			—			13,752
Proceeds from sale of common stock, net	216,467			—			—			—			—			216,467
Other financing activities	(2,095		)	—			—			—			—			(2,095		)
Net cash from financing activities	103,067			(70,117		)	(120		)	—			(368,816		)	(335,986		)

Cash flows from discontinued operations
Cash flows from operating activities	—			—			(2,144		)	47,816			—			45,672
Cash flows from investing activities	—			—			56,751			(14,272		)	—			42,479
Cash flows from financing activities	—			—			—			(30,224		)	—			(30,224		)
Net cash from discontinued operations	—			—			54,607			3,320			—			57,927

Net change in cash and cash equivalents	(2,520		)	(13,332		)	(2,073		)	2,935			—			(14,990		)
Cash and cash equivalents, beginning of period	2,520			150,953			4,380			568			—			158,421
Change in cash classified as discontinued operations	—			—			283			(3,403		)	—			(3,120		)
Cash and cash equivalents, end of period	$	—		$	137,621		$	2,590		$	100		$	—		$	140,311