cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 35733000, beyond tolerance 4225510.00.
Revenue
$4.09B
Fiscal year ended 2025-12-31Operating income
$748.41M
Fiscal year ended 2025-12-31Free cash flow
$388.46M
Fiscal year ended 2025-12-31BOYD GAMING CORP (BYD) reported revenue of $4.09B and net income of $1.84B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BOYD GAMING CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Hotels & Motels.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.09B | $3.93B | $3.74B | $3.56B | $3.37B | $2.18B | $3.33B | $2.63B | $2.40B | $2.20B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $748.41M | $927.78M | $901.83M | $981.22M | $900.10M | $14.26M | $472.57M | $355.28M | $343.80M | $260.41M |
| Net income | $1.84B | $577.95M | $620.02M | $639.38M | $463.85M | -$134.70M | $157.64M | $115.05M | $189.39M | $420.23M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 81.72M | shares 93.35M | shares 101.37M | shares 109.00M | shares 114.10M | shares 113.52M | shares 113.95M | shares 115.07M | shares 115.63M | shares 115.19M |
| Pretax income | $2.33B | $752.00M | $752.91M | $828.81M | $603.94M | -$171.01M | $202.13M | $155.03M | $171.11M | $7.77M |
| Income tax expense | $490.77M | $174.05M | $132.88M | $189.43M | $140.09M | -$36.31M | $44.49M | $40.33M | $3.12M | -$199.93M |
| Diluted EPS | $22.56 | $6.19 | $6.12 | $5.87 | $4.07 | $-1.19 | $1.38 | $1.00 | $1.64 | $3.65 |
| Selling, general & administrative | $433.10M | $427.23M | $389.89M | $373.96M | $366.16M | $350.36M | $459.58M | $369.31M | $362.04M | $322.26M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $353.41M | $316.69M | $304.27M | $283.47M | $344.56M | $519.18M | $249.98M | $249.42M | $203.10M | $193.86M |
| Total assets | $6.57B | $6.39B | $6.27B | $6.31B | $6.22B | $6.56B | $6.65B | $5.76B | $4.69B | $4.67B |
| Current assets | $530.73M | $561.51M | $529.32M | $478.23M | $507.80M | $650.28M | $399.49M | $399.75M | $328.66M | $307.95M |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $979.22M | $622.68M | $596.32M | $586.13M | $557.04M | $524.02M | $556.89M | $469.70M | $385.47M | $365.50M |
| Total equity incl. NCI | $2.61B | $1.58B | $1.74B | $1.59B | $1.54B | $1.12B | $1.27B | $1.15B | $1.10B | $930.18M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $20.19M | $21.24M | $20.69M | $22.17M | $20.09M | $22.62M | $22.10M | $20.59M | $18.00M | $18.57M |
| Accounts receivable | $84.35M | $132.27M | $137.89M | $109.05M | $89.48M | $53.46M | $54.86M | $54.67M | $40.32M | $30.37M |
| Goodwill | $957.98M | $957.89M | $947.34M | $1.03B | $971.29M | $971.29M | $1.08B | $1.06B | $888.22M | $826.48M |
| Long-term debt | $2.05B | $3.13B | $2.87B | $3.01B | $2.99B | $3.87B | $3.74B | $3.96B | $3.05B | $3.20B |
| Accounts payable | $151.29M | $131.26M | $124.67M | $129.95M | $102.03M | $96.86M | $91.00M | $111.17M | $106.32M | $84.09M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $976.68M | $957.08M | $914.52M | $976.11M | $1.01B | $289.03M | $548.99M | $434.53M | $422.55M | $300.34M |
| Capital expenditures | $588.22M | $400.40M | $373.95M | $269.16M | $199.45M | $175.03M | $207.64M | $161.54M | $190.46M | $160.36M |
| Investing cash flow | $1.04B | -$433.91M | -$264.33M | -$422.31M | -$129.58M | -$171.18M | -$231.43M | -$1.14B | -$226.02M | -$738.85M |
| Financing cash flow | -$1.98B | -$509.50M | -$637.25M | -$615.85M | -$1.06B | $146.70M | -$320.32M | $746.24M | -$215.34M | -$99.25M |
| Net change in cash | $37.40M | $13.43M | $12.86M | -$62.06M | -$177.87M | $264.55M | -$2.75M | $45.92M | $16.93M | $32.50M |
| Stock-based compensation | $32.15M | $29.67M | $32.38M | $34.07M | $37.77M | $9.20M | $25.20M | $25.38M | $17.41M | $15.52M |
| Common dividends paid | $58.17M | $62.66M | $63.61M | $48.16M | $0 | $7.81M | $28.95M | $24.73M | $11.29M | $0 |
| Common share repurchases | $778.32M | $685.85M | $412.66M | $541.64M | $80.78M | $11.12M | $28.04M | $59.57M | $31.93M | Unavailable |
| Depreciation & amortization | $302.71M | $276.64M | $256.78M | $258.18M | $267.79M | $281.03M | $276.57M | $229.98M | $217.52M | $196.23M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $388.46M | $556.68M | $540.57M | $706.96M | $810.96M | $114.00M | $341.36M | Unavailable | Unavailable | $139.98M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 18.3% | 23.6% | 24.1% | 27.6% | 26.7% | 0.7% | 14.2% | 13.5% | 14.3% | 11.8% |
| FCF margin | 9.5% | 14.2% | 14.5% | 19.9% | 24.1% | 5.2% | 10.3% | Unavailable | Unavailable | 6.4% |
| SBC / revenue | 0.8% | 0.8% | 0.9% | 1.0% | 1.1% | 0.4% | 0.8% | 1.0% | 0.7% | 0.7% |
| Current ratio | 0.54x | 0.90x | 0.89x | 0.82x | 0.91x | 1.24x | 0.72x | 0.85x | 0.85x | 0.84x |
| Revenue YoY growth | 4.1% | 5.1% | 5.2% | 5.5% | 54.7% | -34.5% | 26.6% | 9.4% | 9.2% | Unavailable |
| Net margin | 45.0% | 14.7% | 16.6% | 18.0% | 13.8% | -6.2% | 4.7% | 4.4% | 7.9% | 19.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 14.4% | 10.2% | 10.0% | 7.6% | 5.9% | 8.0% | 6.2% | 6.2% | 7.9% | 7.3% |
| Long-term debt / equity | 0.78x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.1% | 23.1% | 17.6% | 22.9% | 23.2% | Unavailable | 22.0% | 26.0% | 1.8% | -2573.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BYD in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-07-30View SEC filing
10-Q · Filed 2025-05-02View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 570261000, beyond tolerance 7388540.00.