XML 27 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 273,202 $ 227,279 $ 210,350
Cash Flows from Operating Activities      
Net Income (Loss) Attributable to Parent 115,048 189,390 420,231
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from discontinued operations, net of tax (347) (21,392) (212,530)
Depreciation and amortization 229,979 217,522 196,226
Amortization of debt financing costs and discounts on debt 9,158 9,845 14,870
Share-based compensation expense 25,379 17,413 15,518
Deferred income taxes 34,470 5,203 (201,498)
Impairments of assets 993 0 38,302
Gain (Loss) on Disposition of Assets 0 (1,027) (6,288)
Loss on early extinguishments and modifications of debt 61 1,582 42,364
Other operating activities 887 (2,033) 1,625
Changes in operating assets and liabilities:      
Accounts receivable, net (772) (9,937) 45
Inventories 1,699 565 884
Prepaid expenses and other current assets 4,224 4,957 1,691
Income taxes (receivable) payable, net (140) 1,089 (1,064)
Increase (Decrease) Other Long-term Tax Assets (292) (5,183) 0
Other assets, net (4,094) 2,318 (626)
Accounts payable and accrued liabilities 18,494 13,216 (11,605)
Other long-term tax liabilities 189 140 222
Other liabilities (409) (1,117) 1,972
Net cash provided by operating activities 434,527 422,551 300,339
Cash Flows from Investing Activities      
Capital expenditures (161,544) (190,464) (160,358)
Cash paid for acquisitions, net of cash received (934,073) (1,153) (592,703)
Proceeds (Payments) from Investments in Development Agreement 0 (35,108) 0
Other investing activities (39,710) 706 14,207
Net cash used in investing activities (1,135,327) (226,019) (738,854)
Cash Flows from Financing Activities      
Borrowings under bank credit facility 1,114,600 958,000 2,039,175
Proceeds from Lines of Credit - Peninsula Gaming 0 0 237,000
Payments under bank credit facility (964,322) (1,119,485) (1,466,362)
Repayments of Lines of Credit - Peninsula Gaming 0 0 (899,750)
Proceeds from issuance of senior notes, net (700,000) 0 (750,000)
Debt financing costs, net (14,215) (3,430) (42,220)
Retirements of senior notes 0 0 (700,000)
Proceeds from issuance of non-recourse debt by variable interest entity 0 0 (15,750)
Share-based compensation activities, net (5,344) (7,711) (1,295)
Stock Repurchased and Retired During Period, Value (59,570) (31,927) 0
Payments of Ordinary Dividends, Common Stock (24,730) (11,286) 0
Other financing activities (178) 503 (45)
Net cash provided by (used in) financing activities 746,241 (215,336) (99,247)
Cash flows from operating activities 0 (514) (27,796)
Cash flows from investing activities 482 36,247 598,057
Cash flows from financing activities 0 0 0
Net cash provided by discontinued operations 482 35,733 570,261
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 45,923 16,929 32,499
Cash and cash equivalents, beginning of period 203,104 193,862 158,821
Cash and cash equivalents, end of period 249,417 203,104 193,862
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest, net of amounts capitalized 179,154 174,090 197,475
Cash paid (received) for income taxes, net of refunds 5,657 5,189 33,723
Supplemental Schedule of Non-cash Investing and Financing Activities      
Payables incurred for capital expenditures 4,930 9,297 9,334
Increase (decrease) in fair value of derivative instruments 204,188 173,108 212,692
Boyd      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8,697 347 1,212
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from discontinued operations, net of tax 0 0 0
Depreciation and amortization 19,052 12,041 8,767
Changes in operating assets and liabilities:      
Net cash provided by operating activities (323,948) (82,632) (86,502)
Cash Flows from Investing Activities      
Capital expenditures (95,576) (102,277) (42,840)
Cash paid for acquisitions, net of cash received (934,073) (1,153)  
Proceeds (Payments) from Investments in Development Agreement 0 0  
Other investing activities     0
Net cash used in investing activities (1,035,534) (92,563) (626,393)
Cash Flows from Financing Activities      
Proceeds from issuance of senior notes, net (700,000)   (750,000)
Debt financing costs, net (14,215) (3,430) (42,220)
Retirements of senior notes     (350,000)
Proceeds from issuance of non-recourse debt by variable interest entity     (15,750)
Share-based compensation activities, net (5,344)    
Payments of Ordinary Dividends, Common Stock (24,730) (11,286)  
Other financing activities 0 590 (45)
Net cash provided by (used in) financing activities 1,367,832 174,330 714,105
Cash flows from operating activities 0 0 0
Cash flows from investing activities 0 0 0
Cash flows from financing activities 0 0 0
Net cash provided by discontinued operations 0 0 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 8,350 (865) $ 1,210
Cash and cash equivalents, beginning of period 347    
Cash and cash equivalents, end of period $ 8,697 $ 347