XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 45,451 $ 41,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67,253 51,276
Amortization of debt financing costs and discounts on debt 2,346 2,186
Share-based compensation expense 9,709 8,927
Deferred income taxes 9,931 8,094
Loss on early extinguishments and modifications of debt 0 61
Other operating activities 171 56
Changes in operating assets and liabilities:    
Accounts receivable, net (4,195) 3,823
Inventories 1,718 387
Prepaid expenses and other current assets (1,002) 1,047
Income taxes receivable 1,219 1,821
Other assets, net (4,407) 169
Accounts payable and accrued liabilities 25,206 (2,795)
Other long-term tax liabilities 51 47
Other liabilities 10,639 2,027
Net cash provided by operating activities 164,090 118,525
Cash Flows from Investing Activities    
Capital expenditures (89,322) (25,918)
Other investing activities (11,918) (500)
Net cash used in investing activities (101,240) (26,418)
Cash Flows from Financing Activities    
Borrowings under Boyd Gaming bank credit facility 434,829 179,600
Payments under Boyd Gaming bank credit facility (466,802) (264,403)
Debt financing costs, net (53) (9)
Share-based compensation activities, net (2,921) (3,589)
Stock Repurchased and Retired During Period, Value (21,653) (19,803)
Payments of Ordinary Dividends, Common Stock (6,705) (5,632)
Other financing activities (115) (50)
Net cash provided by (used in) financing activities (63,420) (113,886)
Cash Flows from Discontinued Operations    
Change in cash and cash equivalents (570) (21,779)
Cash, cash equivalents and restricted cash, beginning period 273,202 227,279
Cash, cash equivalents and restricted cash, end of period 272,632 205,500
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized 44,687 16,897
Cash paid (received) for income taxes, net of refunds 187 65
Supplemental Schedule of Noncash Investing and Financing Activities    
Payables incurred for capital expenditures $ 3,022 $ 6,452