Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheets



	December 31, 2016
						Non-			Non-
						Guarantor			Guarantor
						Subsidiaries			Subsidiaries
				Guarantor		(100%			(Not 100%
(In thousands)	Parent			Subsidiaries		Owned)			Owned)			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	1,212		$	168,898	$	23,752		$	—		$	—		$	193,862
Other current assets	78,915			9,644		25,979			—			(453		)	114,085
Property and equipment, net	73,180			2,096,764		435,225			—			—			2,605,169
Investments in subsidiaries	4,505,897			139,465		—			—			(4,645,362		)	—
Intercompany receivable	—			1,464,361		—			—			(1,464,361		)	—
Other assets, net	13,598			27,551		8,056			—			—			49,205
Intangible assets, net	—			825,667		56,287			—			—			881,954
Goodwill, net	—			672,067		154,409			—			—			826,476
Total assets	$	4,672,802		$	5,404,417	$	703,708		$	—		$	(6,110,176	)	$	4,670,751

Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	30,250		$	—	$	86		$	—		$	—		$	30,336
Other current liabilities	93,762			179,624		63,211			—			(1,429		)	335,168
Accumulated losses of subsidiaries in excess of investment	—			—		8,257			—			(8,257		)	—
Intercompany payable	521,002			—		942,155			254			(1,463,411		)	—
Long-term debt, net of current maturities and debt issuance costs	3,198,613			—		506			—			—			3,199,119
Other long-term liabilities	(104,901		)	298,624		(21,721		)	—			—			172,002

Boyd Gaming Corporation stockholders' equity (deficit)	934,076			4,926,169		(288,786		)	(254		)	(4,637,129		)	934,076
Noncontrolling interest	—			—		—			—			50			50
Total stockholders' equity (deficit)	934,076			4,926,169		(288,786		)	(254		)	(4,637,079		)	934,126
Total liabilities and stockholders' equity	$	4,672,802		$	5,404,417	$	703,708		$	—		$	(6,110,176	)	$	4,670,751

Condensed Consolidating Balance Sheets - continued



	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

Schedule of Condensed Income Statement

Condensed Consolidating Statements of Operations



	Year Ended December 31, 2016
						Non-			Non-
						Guarantor			Guarantor
						Subsidiaries			Subsidiaries
			Guarantor			(100%			(Not 100%
(In thousands)	Parent		Subsidiaries			Owned)			Owned)		Eliminations			Consolidated
Net revenues	$	121,939	$	2,127,064		$	78,308		$	—	$	(143,335	)	$	2,183,976
Operating costs and expenses
Operating	1,200		1,112,717			57,816			—		—			1,171,733
Selling, general and administrative	49,938		260,014			12,055			—		2			322,009
Maintenance and utilities	—		98,741			1,279			—		—			100,020
Depreciation and amortization	8,767		180,463			6,996			—		—			196,226
Corporate expense	66,703		1,738			4,227			—		—			72,668
Project development, preopening and writedowns	18,079		(3,297		)	7,325			—		—			22,107
Impairments of assets	1,440		36,862			—			—		—			38,302
Other operating items, net	181		103			—			—		—			284
Intercompany expenses	1,205		140,671			1,461			—		(143,337		)	—
Total operating costs and expenses	147,513		1,828,012			91,159			—		(143,335		)	1,923,349
Equity in earnings of subsidiaries	442,902		(2,039		)	—			—		(440,863		)	—
Operating income (loss)	417,328		297,013			(12,851		)	—		(440,863		)	260,627
Other expense (income)
Interest expense, net	157,923		51,773			35			—		—			209,731
Loss on early extinguishments and modifications of debt	28,356		14,008			—			—		—			42,364
Other, net	1		617			(73		)	—		—			545
Total other expense, net	186,280		66,398			(38		)	—		—			252,640
Income (loss) from continuing operations before income taxes	231,048		230,615			(12,813		)	—		(440,863		)	7,987
Income taxes benefit	186,955		10,405			126			—		—			197,486
Income (loss) from continuing operations, net of tax	418,003		241,020			(12,687		)	—		(440,863		)	205,473
Income (loss) from discontinued operations, net of tax	—		212,530			—			—		—			212,530
Net income (loss)	$	418,003	$	453,550		$	(12,687	)	$	—	$	(440,863	)	$	418,003
Comprehensive income (loss)	$	417,704	$	453,251		$	(12,687	)	$	—	$	(440,564	)	$	417,704

Condensed Consolidating Statements of Operations - continued



	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
Impairments 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) from continuing operations 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

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
Impairments 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) from continuing operations 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	$	(51,577	)	$	100,780		$	(28,214	)	$	22,643		$	(95,209	)	$	(51,577	)

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows



	Year Ended December 31, 2016
							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	$	(86,502	)	$	334,764		$	55,815		$	—		$	(1,196	)	$	302,881

Cash flows from investing activities
Capital expenditures	(42,840		)	(115,978		)	(1,540		)	—			—			(160,358		)
Cash paid for acquisitions, net of cash received	(592,703		)	—			—			—			—			(592,703		)
Net activity with affiliates	—			237,956			—			—			(237,956		)	—
Distributions from subsidiary	9,150			—			—			—			(9,150		)	—
Other investing activities	—			7,529			6,678			—			—			14,207
Net cash from investing activities	(626,393		)	129,507			5,138			—			(247,106		)	(738,854		)

Cash flows from financing activities
Borrowings under bank credit facility	2,039,175			237,000			—			—			—			2,276,175
Payments under bank credit facility	(1,466,362		)	(899,750		)	—			—			—			(2,366,112		)
Proceeds from issuance of senior notes	750,000			—			—			—			—			750,000
Debt financing costs, net	(42,220		)	—			—			—			—			(42,220		)
Retirements of senior notes	(350,000		)	(350,000		)	—			—			—			(700,000		)
Premium and consent fees paid	(15,750		)	—			—			—			—			(15,750		)
Net activity with affiliates	(199,398		)	—			(39,533		)	(221		)	239,152			—
Distributions to parent	—			(9,000		)	(150		)	—			9,150			—
Share-based compensation activities, net	(1,295		)	—			—			—			—			(1,295		)
Other financing activities	(45		)	—			—			—			—			(45		)
Net cash from financing activities	714,105			(1,021,750		)	(39,683		)	(221		)	248,302			(99,247		)

Cash flows from discontinued operations
Cash flows from operating activities	—			(27,796		)	—			—			—			(27,796		)
Cash flows from investing activities	—			598,057			—			—			—			598,057
Cash flows from financing activities	—			—			—			—			—			—
Net cash from discontinued operations	—			570,261			—			—			—			570,261

Net change in cash and cash equivalents	1,210			12,782			21,270			(221		)	—			35,041
Cash and cash equivalents, beginning of period	2			156,116			2,482			221			—			158,821
Cash and cash equivalents, end of period	$	1,212		$	168,898		$	23,752		$	—		$	—		$	193,862

Condensed Consolidating Statements of Cash Flows - continued



	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	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			—
Distribution 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