XML 16 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net income $ 41,399 $ 35,451
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations, net of tax 0 (375)
Depreciation and amortization 51,276 53,964
Amortization of debt financing costs and discounts on debt 2,186 2,213
Share-based compensation expense 8,927 3,083
Deferred income taxes 8,094 15,159
Loss on early extinguishments and modifications of debt 61 156
Other operating activities 56 766
Changes in operating assets and liabilities:    
Accounts receivable, net 3,823 2,185
Inventories 387 606
Prepaid expenses and other current assets 1,047 (1,633)
Income taxes receivable 1,821 1,517
Other assets, net 169 (217)
Accounts payable and accrued liabilities (2,795) 4,959
Other long-term tax liabilities 47 31
Other liabilities 2,027 (261)
Net cash provided by operating activities 118,525 117,604
Cash Flows from Investing Activities    
Capital expenditures (25,918) (80,038)
Advances pursuant to development agreement 0 (35,108)
Other investing activities (500) 44
Net cash used in investing activities (26,418) (115,102)
Cash Flows from Financing Activities    
Borrowings under Boyd Gaming bank credit facility 179,600 256,700
Payments under Boyd Gaming bank credit facility (264,403) (275,063)
Debt financing costs, net (9) (1,889)
Share-based compensation activities, net (3,589) (3,826)
Stock Repurchased and Retired During Period, Value (19,803) 0
Payments of Ordinary Dividends, Common Stock (5,632) 0
Other financing activities (50) (95)
Net cash provided by (used in) financing activities (113,886) (24,173)
Cash Flows from Discontinued Operations    
Cash flows from operating activities 0 (255)
Cash flows from investing activities 0 630
Cash flows from financing activities 0 0
Net cash provided by discontinued operations 0 375
Change in cash and cash equivalents (21,779) (21,296)
Cash, cash equivalents and restricted cash, beginning period 227,279 210,350
Cash, cash equivalents and restricted cash, end of period 205,500 189,054
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized 16,897 29,851
Cash paid (received) for income taxes, net of refunds (65) (2)
Supplemental Schedule of Noncash Investing and Financing Activities    
Payables incurred for capital expenditures $ 6,452 $ 5,634