v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total Revenue $ 990,455 $ 1,004,361 $ 3,022,196 $ 3,029,924
Operating costs and expenses        
Selling, general and administrative 105,370 104,005 326,237 321,916
Master lease rent expense 28,993 28,584 86,433 85,186
Maintenance and utilities 41,078 40,472 115,336 114,519
Depreciation and amortization 91,267 73,749 277,357 211,957
Corporate expense 29,386 30,622 99,413 95,938
Project development, preopening and writedowns (5,356) 3,972 30,268 5,214
Impairment of assets 0 65,123 0 97,395
Other operating items, net 1,039 1,892 4,299 5,399
Total operating costs and expenses 795,553 864,597 2,462,604 2,447,903
Operating income 194,902 139,764 559,592 582,021
Other expense (income)        
Interest income (1,261) (1,501) (4,408) (3,572)
Interest expense, net of amounts capitalized 33,785 33,262 93,659 132,268
Loss on early extinguishments and modifications of debt 0 1,446 391 1,446
Other, net 89 (1,735,479) 93 (1,735,420)
Total other expense (income), net 32,613 (1,702,272) 89,735 (1,605,278)
Income before income taxes 162,289 1,842,036 469,857 2,187,299
Income tax provision (38,699) (403,200) (112,051) (487,227)
Net income 123,590 1,438,836 357,806 1,700,072
Net loss attributable to noncontrolling interest 1,343 1,157 3,903 2,798
Net income attributable to Boyd Gaming $ 124,933 $ 1,439,993 $ 361,709 $ 1,702,870
Basic net income per common share (in dollars per share) $ 1.71 $ 17.81 $ 4.83 $ 20.58
Weighted average basic shares outstanding (in shares) 73,048 80,860 74,864 82,740
Diluted net income per common share (in dollars per share) $ 1.71 $ 17.81 $ 4.83 $ 20.58
Weighted average diluted shares outstanding (in shares) 73,048 80,875 74,867 82,756
Casino [Member]        
Total Revenue $ 655,026 $ 657,371 $ 1,988,816 $ 1,967,519
Operating costs and expenses        
Cost of revenue 262,638 259,660 785,117 765,337
Food and Beverage [Member]        
Total Revenue 73,744 75,570 227,216 227,895
Operating costs and expenses        
Cost of revenue 65,635 67,468 197,530 196,438
Occupancy [Member]        
Total Revenue 43,109 45,244 139,469 144,085
Operating costs and expenses        
Cost of revenue 19,714 19,486 58,687 57,975
Online [Member]        
Total Revenue 33,240 26,893 91,313 106,000
Operating costs and expenses        
Cost of revenue 22,044 17,784 60,706 50,392
Online Reimbusements [Member]        
Total Revenue 121,226 138,704 383,030 402,221
Operating costs and expenses        
Cost of revenue 121,226 138,704 383,030 402,221
Management Service [Member]        
Total Revenue 27,581 23,697 82,283 72,618
Product and Service, Other [Member]        
Total Revenue 36,529 36,882 110,069 109,586
Operating costs and expenses        
Cost of revenue $ 12,519 $ 13,076 $ 38,191 $ 38,016