BOYD GAMING CORP
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
BYD$78.29+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (In thousands) | 2026 | 2025 |
| Cash Flows from Operating Activities | ||
| Net income | $357,806 | $1,700,072 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 277,357 | 211,957 |
| Amortization of debt financing costs and discounts on debt | 5,291 | 5,496 |
| Non-cash operating lease expense | 76,762 | 68,853 |
| Share-based compensation expense | 29,158 | 29,531 |
| Deferred income taxes | 29,388 | 9,774 |
| Non-cash interest income | (2,629) | (2,146) |
| Non-cash impairment of assets | — | 97,395 |
| Gain on sale of investment | — | (1,748,000) |
| Gain on sale of assets, net | (20,913) | — |
| Loss on early extinguishments and modifications of debt | 391 | 1,446 |
| Other operating activities | 21,384 | (2,300) |
| Changes in operating assets and liabilities, excluding the impact of acquisitions: | ||
| Accounts receivable, net | 3,434 | 50,116 |
| Inventories | 605 | 307 |
| Prepaid expenses and other current assets | (13,076) | (10,363) |
| Income taxes payable, net | 40,518 | 377,091 |
| Other assets, net | (316) | 1,401 |
| Accounts payable and accrued liabilities | (411,577) | (18,596) |
| Operating lease liabilities | (76,762) | (68,853) |
| Other liabilities | (3,415) | (1,787) |
| Net cash provided by operating activities | 313,406 | 701,394 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (456,019) | (439,889) |
| Advances made under note receivable | — | (31,780) |
| Proceeds from sale of investment | — | 1,758,000 |
| Proceeds from sale of assets, net of cash transferred | 56,758 | — |
| Cash paid for acquisitions, net of cash received | (46,844) | — |
| Cash paid for gaming license right | — | (41,761) |
| Other investing activities | (1,594) | (9,270) |
| Net cash (used in) provided by investing activities | (447,699) | 1,235,300 |
| Cash Flows from Financing Activities | ||
| Borrowings under credit facilities | 1,795,425 | 1,577,300 |
| Payments under credit facilities | (1,169,500) | (2,868,300) |
| Debt financing costs | (2,070) | — |
| Share-based compensation activities | (25,769) | (6,025) |
| Shares repurchased and retired | (474,999) | (593,004) |
| Dividends paid | (43,399) | (43,944) |
| Other financing activities | — | (6) |
| Net cash provided by (used in) financing activities | 79,688 | (1,933,979) |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | (98) | (113) |
| Change in cash, cash equivalents and restricted cash | (54,703) | 2,602 |
| Cash, cash equivalents and restricted cash, beginning of period | 358,767 | 321,364 |
| Cash, cash equivalents and restricted cash, end of period | $304,064 | $323,966 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest, net of amounts capitalized | $87,081 | $126,338 |
| Cash paid for income taxes | 52,121 | 101,592 |
| Supplemental Schedule of Non-cash Investing and Financing Activities | ||
| Payables incurred for capital expenditures | $69,129 | $45,149 |
| Dividends declared not yet paid | 14,232 | 14,228 |
| Assets acquired in exchange for contingent consideration | 5,000 | 38,239 |
| Derecognition of right-of-use operating lease asset | — | 36,883 |
| Derecognition of lease liability | — | (36,883) |
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