BOYD GAMING CORP
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
BYD$78.29+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2025 and 2024
| December 31, | ||
|---|---|---|
| (In thousands, except share data) | 2025 | 2024 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents ($5,557 and $0 assets related to VIE) | $353,413 | $316,688 |
| Restricted cash | 5,354 | 4,676 |
| Accounts receivable, net ($141 and $0 assets related to VIE) | 84,352 | 132,270 |
| Inventories ($6 and $0 assets related to VIE) | 20,189 | 21,235 |
| Prepaid expenses and other current assets | 45,483 | 56,633 |
| Income taxes receivable | 21,937 | 30,005 |
| Total current assets | 530,728 | 561,507 |
| Property and equipment, net | 2,871,384 | 2,679,276 |
| Operating lease right-of-use assets ($2,809 and $0 assets related to VIE) | 646,146 | 735,618 |
| Other assets, net | 93,464 | 66,518 |
| Intangible assets, net ($98,754 and $0 assets related to VIE) | 1,474,991 | 1,391,007 |
| Goodwill, net | 957,977 | 957,889 |
| Total assets | $6,574,690 | $6,391,815 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable ($255 and $0 assets related to VIE) | $151,292 | $131,264 |
| Current maturities of long-term debt | — | 44,006 |
| Accrued liabilities ($1,932 and $0 assets related to VIE) | 827,927 | 447,415 |
| Total current liabilities | 979,219 | 622,685 |
| Long-term debt, net of current maturities and debt issuance costs | 2,045,569 | 3,132,584 |
| Operating lease liabilities, net of current portion ($1,388 and $0 assets related to VIE) | 554,252 | 651,751 |
| Deferred income taxes | 323,473 | 346,916 |
| Other liabilities | 64,295 | 56,366 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity | ||
| Preferred stock, $0.01 par value, 5,000,000 shares authorized | — | — |
| Common stock, $0.01 par value, 200,000,000 shares authorized; 76,368,491 and 86,184,155 shares outstanding | 764 | 862 |
| Additional paid-in capital | — | — |
| Retained earnings | 2,609,285 | 1,583,053 |
| Accumulated other comprehensive loss | (1,550) | (2,402) |
| Boyd Gaming Corporation stockholders' equity | 2,608,499 | 1,581,513 |
| Noncontrolling interest | (617) | — |
| Total stockholders' equity | 2,607,882 | 1,581,513 |
| Total liabilities and stockholders' equity | $6,574,690 | $6,391,815 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.