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Boyd Gaming Corp (BYD) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Boyd Gaming Corp

CIK: 906553 Ticker: BYD

Exhibit 99.1

 

 

 

 

 

 

Financial Contact:

 

Media Contact:

 

Josh Hirsberg

 

David Strow

 

(702) 792-7234

 

(702) 792-7386

 

joshhirsberg@boydgaming.com

 

davidstrow@boydgaming.com

 

BOYD GAMING REPORTS SECOND-QUARTER 2019 RESULTS

 

 

Second-Quarter 2019 Highlights

Same-Store Revenues, Adjusted EBITDAR and Margins Improve in All Segments

Newly Acquired Properties Produce Strong Adjusted EBITDAR, Margin Growth

Las Vegas Locals Posts Highest Second-Quarter Adjusted EBITDAR Since 2005

Midwest & South Achieves 5th Straight Quarter of Same-Store Adjusted EBITDAR Gains

 

LAS VEGAS - JULY 30, 2019 -

Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the second quarter ended June 30, 2019.

 

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “During the second quarter, our Company made continued progress executing against our strategic growth initiatives.  Despite a few isolated challenges, we delivered revenue, Adjusted EBITDAR and operating margin growth in every segment of our business, as our operating teams identified and drove profitable revenue growth and enhanced efficiencies.  We achieved strong growth at our newly acquired properties, significantly improving upon their solid standalone performances last year. And through ongoing marketing and operational initiatives, we are successfully growing visitation and expanding our customer base across the country.  In all we are pleased with our progress, and remain confident we are well-positioned to capitalize on future growth opportunities.”

 

Boyd Gaming reported second-quarter revenues of $846.1 million, up 37.2% from $616.8 million in the second quarter of 2018. The Company reported net income of $48.5 million, or $0.43 per share, for the second quarter of 2019, compared to $38.9 million, or $0.34 per share, for the year-ago period.

 

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The following information was filed by Boyd Gaming Corp (BYD) on Tuesday, July 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Boyd Gaming Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Boyd Gaming Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Current Period Unaudited)
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited) (Parentheticals)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Note 1 - Summary Of Significant Accounting Policies
Note 1 - Summary Of Significant Accounting Policies (Details Textual)
Note 1 - Summary Of Significant Accounting Policies (Tables)
Note 1 - Summary Of Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Note 1 - Summary Of Significant Accounting Policies - Schedule Of Promotional Allowances (Details)
Note 10 - Fair Value Measurements
Note 10 - Fair Value Measurements (Details Textual)
Note 10 - Fair Value Measurements (Tables)
Note 10 - Fair Value Measurements - Changes In Fair Value Of Level 3 Assets And Liabilities (Details)
Note 10 - Fair Value Measurements - Fair Value Of Financial Instruments (Details)
Note 10 - Fair Value Measurements - Long-Term Debt (Details)
Note 10 - Fair Value Measurements - Minimum Assessment Agreements (Details)
Note 11 - Segment Information
Note 11 - Segment Information (Details Textual)
Note 11 - Segment Information (Tables)
Note 11 - Segment Information - Assets By Reportable Segment (Details)
Note 11 - Segment Information - Reconciliation Of Total Reportable Segment Adjusted Ebitdar To Operating Income (Details)
Note 11 - Segment Information - Revenues For Reportable Segments (Details)
Note 12 - Condensed Consolidating Financial Information
Note 12 - Condensed Consolidating Financial Information (Details Textual)
Note 12 - Condensed Consolidating Financial Information (Tables)
Note 12 - Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details)
Note 12 - Condensed Consolidating Financial Information - Condensed Consolidating Statements Of Cash Flows (Details)
Note 12 - Condensed Consolidating Financial Information - Condensed Consolidating Statements Of Operations (Details)
Note 13 - Subsequent Events
Note 2 - Acquisitions &Amp; Divestitures
Note 2 - Acquisitions &Amp; Divestitures (Details Textual)
Note 2 - Acquisitions &Amp; Divestitures (Tables)
Note 2 - Acquisitions &Amp; Divestitures - Business Acquisition Income Statement Supplemental Information (Details)
Note 2 - Acquisitions &Amp; Divestitures - Business Acquisition Income Statement Supplemental Information Of Pinnacle Acquisition (Details)
Note 2 - Acquisitions &Amp; Divestitures - Business Acquisition Income Statement Supplemental Information Of Valley Forge Convention Center Partners (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Intangible Assets Of Lattner Entertainment Group Illinois (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Intangible Assets Of Pinnacle Acquisition (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Intangible Assets Of Valley Forge Convention Center Partners (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Property And Equipment Of Lattner Entertainment Group Illinois (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Property And Equipment Of Pinnacle Acquisition (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Acquired Property And Equipment Of Valley Forge Convention Center Partners (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Business Acquisition Assets And Liabilities Of Lattner Entertainment Group Illinois (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Business Acquisition Assets And Liabilities Of Pinnacle Acquisition (Details)
Note 2 - Acquisitions &Amp; Divestitures - Schedule Of Business Acquisition Assets And Liabilities Of Valley Forge Convention Center Partners (Details)
Note 3 - Property And Equipment, Net
Note 3 - Property And Equipment, Net (Tables)
Note 3 - Property And Equipment, Net - Depreciation Expense (Details)
Note 3 - Property And Equipment, Net - Schedule Of Property And Equipment (Details)
Note 4 - Intangible Assets, Net
Note 4 - Intangible Assets, Net (Tables)
Note 4 - Intangible Assets, Net - Schedule Of Intangible Assets (Details)
Note 5 - Accrued Liabilities
Note 5 - Accrued Liabilities (Tables)
Note 5 - Accrued Liabilities - Schedule Of Accrued Liabilities (Details)
Note 6 - Long-Term Debt
Note 6 - Long-Term Debt (Details Textual)
Note 6 - Long-Term Debt (Tables)
Note 6 - Long-Term Debt - Outstanding Principal Amounts (Details)
Note 6 - Long-Term Debt - Schedule Of Long-Term Debt (Details)
Note 7 - Commitments And Contingencies
Note 8 - Leases
Note 8 - Leases (Details Textual)
Note 8 - Leases (Tables)
Note 8 - Leases - Lease Cost (Details)
Note 8 - Leases - Maturity Of Lease Liabilities (Details)
Note 8 - Leases - Supplemental Balance Sheet Information (Details)
Note 8 - Leases - Supplemental Cash Flow Information (Details)
Note 9 - Stockholders' Equity And Stock Incentive Plans
Note 9 - Stockholders' Equity And Stock Incentive Plans (Details Textual)
Note 9 - Stockholders' Equity And Stock Incentive Plans (Tables)
Note 9 - Stockholders' Equity And Stock Incentive Plans - Dividends (Details)
Note 9 - Stockholders' Equity And Stock Incentive Plans - Share Based Payment Plan Compensation Costs (Details)
Note 9 - Stockholders' Equity And Stock Incentive Plans - Share Repurchases (Details)
Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

Boyd Gaming Corp provided additional information to their SEC Filing as exhibits

Ticker: BYD
CIK: 906553
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-19-015811
Submitted to the SEC: Wed Aug 07 2019 12:27:51 PM EST
Accepted by the SEC: Wed Aug 07 2019
Period: Sunday, June 30, 2019
Industry: Hotels And Motels

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