Boyd Gaming Corp balance sheet
At the end of fiscal 2025, Boyd Gaming Corp had total assets of $6.57bn and shareholders' equity of $2.61bn. It held $353m in cash against $2.06bn of debt: net debt of $1.71bn.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 93 | 145 | 178 | 193 | 140 | 145 | 159 | 194 | 203 | 249 | 250 | 519 | 345 | 283 | 304 | 317 | 353 | 297 |
| Receivables | — | 49 | 59 | 62 | 66 | 27 | 25 | 30 | 40 | 55 | 55 | 53 | 89 | 109 | 138 | 132 | 84 | 86 |
| Inventory | — | 16 | 17 | 19 | 20 | 15 | 15 | 19 | 18 | 21 | 22 | 23 | 20 | 22 | 21 | 21 | 20 | 19 |
| Total current assets | — | 281 | 343 | 356 | 335 | 242 | 257 | 308 | 329 | 400 | 399 | 650 | 508 | 478 | 529 | 562 | 531 | 469 |
| Goodwill | 214 | 214 | 214 | 695 | 685 | 685 | 685 | 826 | 888 | 1,062 | 1,083 | 971 | 971 | 1,034 | 947 | 958 | 958 | 990 |
| Total assets | — | 5,657 | 5,883 | 6,332 | 5,742 | 4,422 | 4,351 | 4,671 | 4,686 | 5,756 | 6,650 | 6,559 | 6,224 | 6,311 | 6,273 | 6,392 | 6,575 | 6,663 |
| Accounts payable | — | 57 | 98 | 91 | 75 | 85 | 76 | 84 | 106 | 111 | 91 | 97 | 102 | 130 | 125 | 131 | 151 | 144 |
| Total current liabilities | — | 390 | 472 | 751 | 454 | 357 | 355 | 366 | 385 | 470 | 557 | 524 | 557 | 586 | 596 | 623 | 979 | 1,432 |
| Short-term debt | — | 26 | 43 | 62 | 34 | 30 | 30 | 30 | 24 | 24 | 27 | 31 | 42 | 44 | 44 | 44 | 0 | 801 |
| Long-term debt | — | 3,193 | 3,347 | 4,828 | 4,353 | 3,375 | 3,240 | 3,199 | 3,052 | 3,955 | 3,739 | 3,867 | 2,990 | 3,005 | 2,871 | 3,133 | 2,046 | 1,874 |
| Total debt | 0 | 3,219 | 3,390 | 4,956 | 4,426 | 3,482 | 3,322 | 3,283 | 3,122 | 4,030 | 3,814 | 3,950 | 3,069 | 3,088 | 2,947 | 3,200 | 2,061 | 2,701 |
| Shareholders' equity | 1,156 | 1,189 | 1,202 | 304 | 470 | 438 | 508 | 930 | 1,097 | 1,146 | 1,265 | 1,124 | 1,539 | 1,591 | 1,744 | 1,582 | 2,608 | 2,450 |
| Net debt (negative = net cash) | −93 | 3,074 | 3,212 | 4,763 | 4,286 | 3,336 | 3,164 | 3,089 | 2,918 | 3,781 | 3,564 | 3,431 | 2,725 | 2,805 | 2,643 | 2,884 | 1,707 | 2,404 |
| Shares outstanding | — | 86m | 87m | 87m | 108m | 109m | 112m | 113m | 113m | 112m | 112m | 112m | 111m | 103m | 97m | 86m | 76m | 71m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 132 | 110 | 115 | 82 | 84 | 79 | 79 | 86 |
| Inventory | 21 | 21 | 22 | 21 | 20 | 20 | 19 | 19 |
| Total current assets | 562 | 502 | 540 | 496 | 531 | 530 | 482 | 469 |
| Goodwill | 958 | 958 | 958 | 958 | 958 | 958 | 990 | 990 |
| Total assets | 6,392 | 6,469 | 6,560 | 6,513 | 6,575 | 6,613 | 6,684 | 6,663 |
| Accounts payable | 131 | 128 | 127 | 131 | 151 | 137 | 144 | 144 |
| Total current liabilities | 623 | 630 | 629 | 963 | 979 | 883 | 623 | 1,432 |
| Short-term debt | 44 | 44 | 44 | 0 | 0 | — | — | 801 |
| Long-term debt | 3,133 | 3,473 | 3,524 | 1,893 | 2,046 | 2,272 | 2,614 | 1,874 |
| Total debt | 3,177 | 3,517 | 3,568 | 1,893 | 2,046 | 2,272 | 2,614 | 2,675 |
| Shareholders' equity | 1,582 | 1,349 | 1,394 | 2,666 | 2,608 | 2,536 | 2,501 | 2,450 |
| Shares outstanding | 86m | 82m | 81m | 79m | 76m | 75m | 73m | 71m |
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