v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total Revenue $ 1,034,386 $ 1,033,998 [1] $ 2,031,741 $ 2,025,563 [1]
Operating costs and expenses        
Selling, general and administrative 110,882 110,065 220,867 217,911
Master lease rent expense 28,856 28,442 57,440 56,602
Maintenance and utilities 38,515 37,322 74,258 74,047
Depreciation and amortization 91,101 69,985 186,090 138,208
Corporate expense 33,243 35,365 70,027 65,316
Project development, preopening and writedowns 15,356 2,764 35,624 1,242
Asset, Impairment Loss 0 0 0 32,272
Other operating items, net 1,508 762 3,260 3,507
Total operating costs and expenses 833,688 791,628 1,667,051 1,583,306
Operating income 200,698 242,370 364,690 442,257
Other expense (income)        
Interest income (1,282) (1,263) (3,147) (2,071)
Interest expense, net of amounts capitalized 31,423 50,569 59,874 99,006
Loss on early extinguishments and modifications of debt 0 0 391 0
Other, net (3) (48) 4 59
Total other expense, net 30,138 49,258 57,122 96,994
Income before income taxes 170,560 193,112 307,568 345,263
Income tax provision (40,637) (42,758) (73,352) (84,027)
Net income 129,923 150,354 234,216 261,236
Net loss attributable to noncontrolling interest 1,311 1,104 2,560 1,641
Net income attributable to Boyd Gaming $ 131,234 $ 151,458 $ 236,776 $ 262,877
Basic net income per common share (in dollars per share) $ 1.75 $ 1.84 $ 3.12 $ 3.14
Weighted average basic shares outstanding (in shares) 74,817 82,289 75,787 83,696
Diluted net income per common share (in dollars per share) $ 1.75 $ 1.84 $ 3.12 $ 3.14
Weighted average diluted shares outstanding (in shares) 74,817 82,303 75,791 83,712
Casino [Member]        
Total Revenue $ 683,289 $ 671,455 [1] $ 1,333,790 $ 1,310,148 [1]
Operating costs and expenses        
Cost of revenue 267,630 259,554 522,479 505,677
Food and Beverage [Member]        
Total Revenue 77,702 78,167 [1] 153,472 152,325 [1]
Operating costs and expenses        
Cost of revenue 66,980 65,633 131,895 128,970
Occupancy [Member]        
Total Revenue 50,413 51,453 [1] 96,360 98,841 [1]
Operating costs and expenses        
Cost of revenue 19,801 19,492 38,973 38,489
Online [Member]        
Total Revenue 31,825 39,139 [1] 58,073 79,107 [1]
Operating costs and expenses        
Cost of revenue 20,992 16,183 38,662 32,608
Online Reimbusements [Member]        
Total Revenue 126,357 133,912 [1] 261,804 263,517 [1]
Operating costs and expenses        
Cost of revenue 126,357 133,912 261,804 263,517
Management Service [Member]        
Total Revenue 28,481 23,775 54,702 48,921
Product and Service, Other [Member]        
Total Revenue 36,319 36,097 [1] 73,540 72,704 [1]
Operating costs and expenses        
Cost of revenue $ 12,467 $ 12,149 $ 25,672 $ 24,940
[1] Revenues for the three and six months ended June 30, 2025 have been recast to reflect the change made during the third quarter of 2025 to separate online reimbursements revenue from online revenue.