Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Balance Sheet

Condensed Consolidating Balance Sheets

	June 30, 2012
								Non-				Non-
								Guarantor				Guarantor
								Subsidiaries				Subsidiaries
				Guarantor				(100%				(Not 100%
	Parent			Subsidiaries				Owned)				Owned)				Eliminations				Consolidated
								(In thousands)
Assets
Cash and cash equivalents	$	299		$	116,395			$	209,735			$	34,026			$	—			$	360,455
Other current assets	12,531			84,486				16,255				53,152				—				166,424
Property and equipment, net	109,030			2,104,222				74,915				1,232,241				—				3,520,408
Assets held for development	—			926,393				—				163,805				—				1,090,198
Investments in subsidiaries	4,105,135			396,240				32				—				(4,501,407		)		—
Intercompany receivable	—			306,790				—				—				(306,790		)		—
Other assets, net	34,171			6,610				6,633				69,099				—				116,513
Intangible assets, net	—			486,818				21,374				63,182				—				571,374
Goodwill, net	—			212,794				782				—				—				213,576
Total assets	$	4,261,166		$	4,640,748			$	329,726			$	1,615,505			$	(4,808,197	)		$	6,038,948
Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	42,500		$	10,711			$	—			$	—			$	—		—	$	53,211
Non-recourse debt	—			—				—				31,621				—				31,621
Current liabilities	4,422			267,744				26,166				108,596				43				406,971
Intercompany payable	108,999			—				197,851				—				(306,850		)		—
Long-term debt, net of current maturities	2,685,346			—				—				795,619				—				3,480,965
Due from affiliates	177,556			(89,666		)		—				—				(87,890		)		—
Other long-term liabilities	27,652			405,486				790				51,673				—				485,601
Non-recourse debt	—			—				—				192,479				—				192,479
Preferred stock	—			—				—				—				—				—
Common stock	863			31,128				32				—				(31,160		)		863
Additional paid-in capital	649,944			2,984,231				295,796				476,733				(3,756,760		)		649,944
Retained earnings (deficit)	563,884			1,031,114				(190,909		)		(41,216		)		(798,989		)		563,884
Total Boyd Gaming Corporation stockholders' equity (deficit)	1,214,691			4,046,473				104,919				435,517				(4,586,909		)		1,214,691
Noncontrolling interest	—		—	—			—	—			—	—			—	173,409				173,409
Total stockholders' equity (deficit)	1,214,691			4,046,473				104,919				435,517				(4,413,500		)		1,388,100
Total liabilities and stockholders' equity	$	4,261,166		$	4,640,748			$	329,726			$	1,615,505			$	(4,808,197	)		$	6,038,948

Condensed Consolidating Balance Sheets - continued

	December 31, 2011
					Non-			Non-
					Guarantor			Guarantor
					Subsidiaries			Subsidiaries
			Guarantor		(100%			(Not 100%
	Parent		Subsidiaries		Owned)			Owned)			Eliminations			Consolidated
					(In thousands)
Assets
Cash and cash equivalents	$	364	$	128,185	$	3,944		$	46,263		$	—		$	178,756
Other current assets	29,818		70,448		13,459			50,413			—			164,138
Property and equipment, net	115,346		2,120,227		75,739			1,230,796			—			3,542,108
Assets held for development	—		926,013		—			163,806			—			1,089,819
Investments in subsidiaries	3,777,298		353,740		32			—			(4,131,070		)	—
Intercompany receivable	—		187,911		—			—			(187,911		)	—
Other assets, net	28,501		15,068		5,993			71,077			—			120,639
Intangible assets, net	—		487,907		21,374			64,737			—			574,018
Goodwill, net	—		212,794		782			—			—			213,576
Total assets	$	3,951,327	$	4,502,293	$	121,323		$	1,627,092		$	(4,318,981	)	$	5,883,054
Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	42,500	$	730	$	—		$	—		$	—		$	43,230
Non-recourse debt	—		—		—			29,686			—			29,686
Current liabilities	146,054		152,437		16,725			102,484			(18,596		)	399,104
Intercompany payable	455		—		216,211			—			(216,666		)	—
Long-term debt, net of current maturities	2,527,076		10,341		—			809,809			—			3,347,226
Other long-term liabilities	33,150		404,463		1,537			57,599			—			496,749
Non-recourse debt	—		—		—			192,980			—			192,980
Preferred stock	—		—		—			—			—			—
Common stock	863		31,128		32			—			(31,160		)	863
Additional paid-in capital	644,174		2,984,250		41,724			476,733			(3,502,707		)	644,174
Retained earnings (deficit)	557,055		918,944		(154,906		)	(42,199		)	(721,839		)	557,055
Total Boyd Gaming Corporation stockholders' equity (deficit)	1,202,092		3,934,322		(113,150		)	434,534			(4,255,706		)	1,202,092
Noncontrolling interest	—		—		—			—			171,987			171,987
Total stockholders' equity (deficit)	1,202,092		3,934,322		(113,150		)	434,534			(4,083,719		)	1,374,079
Total liabilities and stockholders' equity	$	3,951,327	$	4,502,293	$	121,323		$	1,627,092		$	(4,318,981	)	$	5,883,054

Schedule of Condensed Income Statement

Condensed Consolidating Statements of Operations

	Three Months Ended June 30, 2012
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
							(In thousands)
Net revenues	$	35,317		$	425,858		$	13,948		$	175,415		$	(35,316	)	$	615,222
Costs and expenses
Operating	—			233,531			14,436			95,267			—			343,234
Selling, general and administrative	—			72,527			2,931			34,996			—			110,454
Maintenance and utilities	—			24,592			555			14,423			—			39,570
Depreciation and amortization	2,097			31,901			690			16,014			—			50,702
Corporate expense	19,114			77			264			—			(6,446		)	13,009
Preopening expenses	261			4,216			349			(2,616		)	—			2,210
Other operating charges, net	6,243			(6,279		)	—			(2,160		)	—			(2,196		)
Total costs and expenses	27,715			360,565			19,225			155,924			(6,446		)	556,983
Equity in earnings of subsidiaries	16,649			3,383			—			—			(20,032		)	—
Operating income (loss)	24,251			68,676			(5,277		)	19,491			(48,902		)	58,239
Other expense (income)
Interest expense, net	41,330			161			(409		)	23,298			—			64,380
Total other expense, net	41,330			161			(409		)	23,298			—			64,380
Income (loss) before income taxes	(17,079		)	68,515			(4,868		)	(3,807		)	(48,902		)	(6,141		)
Income taxes	18,056			(14,801		)	1,791			404			—			5,450
Net income (loss)	977			53,714			(3,077		)	(3,403		)	(48,902		)	(691		)
Net loss attributable to noncontrolling interest	—			—			—			—			1,668			1,668
Net income (loss) attributable to Boyd Gaming Corporation	$	977		$	53,714		$	(3,077	)	$	(3,403	)	$	(47,234	)	$	977
Comprehensive loss	$	—		$	—		$	—		$	(664	)	$	—		$	(664	)

Condensed Consolidating Statements of Operations - continued

	Three Months Ended June 30, 2011
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
							(In thousands)
Net revenues	$	38,350		$	377,443		$	14,204		$	185,525		$	(41,119	)	$	574,403
Costs and expenses
Operating	—			203,551			14,537			96,014			—			314,102
Selling, general and administrative	—			62,073			2,011			32,699			—			96,783
Maintenance and utilities	—			20,316			1,038			15,419			—			36,773
Depreciation and amortization	2,004			29,204			732			16,548			—			48,488
Corporate expense	22,511			11,611			653			—			(22,511		)	12,264
Preopening expenses	240			(3,007		)	4,416			92			—			1,741
Other operating charges, net	397			1,116			—			749			—			2,262
Total costs and expenses	25,152			324,864			23,387			161,521			(22,511		)	512,413
Equity in earnings of subsidiaries	15,397			(2,842		)	—			—			(12,555		)	—
Operating income (loss)	28,595			49,737			(9,183		)	24,004			(31,163		)	61,990
Other expense (income)
Interest expense, net	39,847			198			(6		)	26,635			—			66,674
Fair value adjustment of derivative instruments	48			—			—			—			—			48
Gain on early retirements of debt	—			—			—			—			—			—
Total other expense, net	39,895			198			(6		)	26,635			—			66,722
Income (loss) before income taxes	(11,300		)	49,539			(9,177		)	(2,631		)	(31,163		)	(4,732		)
Income taxes	8,349			(10,691		)	1,611			(180		)	—			(911		)
Net income (loss)	(2,951		)	38,848			(7,566		)	(2,811		)	(31,163		)	(5,643		)
Net loss attributable to noncontrolling interest	—			—			—			—			2,692			2,692
Net income (loss) attributable to Boyd Gaming Corporation	$	(2,951	)	$	38,848		$	(7,566	)	$	(2,811	)	$	(28,471	)	$	(2,951	)
Comprehensive income (loss)	$	935		$	—		$	—		$	(4,765	)	$	—		$	(3,830	)

Consolidating Statements of Operations - continued

	Six Months Ended June 30, 2012
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
							(In thousands)
Net revenues	$	72,774		$	867,922		$	28,817		$	351,566		$	(72,774	)	$	1,248,305
Costs and expenses
Operating	—			470,979			29,795			185,689			—			686,463
Selling, general and administrative	—			146,606			6,026			67,539			—			220,171
Maintenance and utilities	—			48,540			1,063			28,730			—			78,333
Depreciation and amortization	4,227			63,962			1,383			31,144			—			100,716
Corporate expense	44,298			154			542			—			(19,114		)	25,880
Preopening expenses	385			8,344			349			(5,208		)	—			3,870
Other operating charges, net	6,272			(6,033		)	—			(2,188		)	—			(1,949		)
Total costs and expenses	55,182			732,552			39,158			305,706			(19,114		)	1,113,484
Equity in earnings of subsidiaries	43,114			9,142			—			—			(52,256		)	—
Operating income (loss)	60,706			144,512			(10,341		)	45,860			(105,916		)	134,821
Other expense (income)
Interest expense, net	81,118			322			(409		)	47,173			—			128,204
Total other expense, net	81,118			322			(409		)	47,173			—			128,204
Income (loss) before income taxes	(20,412		)	144,190			(9,932		)	(1,313		)	(105,916		)	6,617
Income taxes	27,241			(31,558		)	3,657			(173		)	—			(833		)
Net income (loss)	6,829			112,632			(6,275		)	(1,486		)	(105,916		)	5,784
Net loss attributable to noncontrolling interest	—			—			—			—			1,045			1,045
Net income (loss) attributable to Boyd Gaming Corporation	$	6,829		$	112,632		$	(6,275	)	$	(1,486	)	$	(104,871	)	$	6,829
Comprehensive income	$	—		$	—		$	—		$	8,251		$	—		$	8,251

Condensed Consolidating Statements of Operations - continued

	Six Months Ended June 30, 2011
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations			Consolidated
							(In thousands)
Net revenues	$	76,700		$	758,920		$	28,583		$	357,256		$	(82,110	)	$	1,139,349
Costs and expenses
Operating	—			411,161			29,053			187,125			—			627,339
Selling, general and administrative	—			124,750			4,275			63,546			—			192,571
Maintenance and utilities	—			40,484			1,937			31,767			—			74,188
Depreciation and amortization	4,028			58,101			1,529			35,414			—			99,072
Corporate expense	48,685			—			1,333			—			(24,474		)	25,544
Preopening expenses	495			(699		)	9,094			92			(5,410		)	3,572
Other operating charges, net	369			835			—			5,765			—			6,969
Total costs and expenses	53,577			634,632			47,221			323,709			(29,884		)	1,029,255
Equity in earnings of subsidiaries	30,180			(5,265		)	—			—			(24,915		)	—
Operating income (loss)	53,303			119,023			(18,638		)	33,547			(77,141		)	110,094
Other expense (income)
Interest expense, net	79,570			344			—			44,046			—			123,960
Fair value adjustment of derivative instruments	265			—			—			—			—			265
Gain on early retirements of debt	20			—			—			—			—			20
Total other expense, net	79,855			344			—			44,046			—			124,245
Income (loss) before income taxes	(26,552		)	118,679			(18,638		)	(10,499		)	(77,141		)	(14,151		)
Income taxes	20,080			(21,595		)	3,221			491			—			2,197
Net income (loss)	(6,472		)	97,084			(15,417		)	(10,008		)	(77,141		)	(11,954		)
Net loss attributable to noncontrolling interest	—			—			—			—			5,482			5,482
Net income (loss) attributable to Boyd Gaming Corporation	$	(6,472	)	$	97,084		$	(15,417	)	$	(10,008	)	$	(71,659	)	$	(6,472	)
Comprehensive income (loss)	$	1,122		$	—		$	—		$	(6,290	)	$	—		$	(5,168	)

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2012
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations		Consolidated
							(In thousands)
Cash flows from operating activities
Net cash from operating activities	$	(133,564	)	$	5,981		$	205,894		$	30,462		$	—	$	108,773
Cash flows from investing activities
Capital expenditures	(22,421		)	(17,537		)	(108		)	(30,337		)	—		(70,403		)
Investment in subsidiaries	(1		)	—			—			1			—		—
Other investing activities	—			126			5			2,203			—		2,334
Net cash from investing activities	(22,422		)	(17,411		)	(103		)	(28,133		)	—		(68,069		)
Cash flows from financing activities
Borrowings under bank credit facility	488,500			—			—			354,500			—		843,000
Payments under bank credit facility	(672,450		)	—			—			(370,500		)	—		(1,042,950		)
Debt issuance costs, net	(10,246		)	—			—			—			—		(10,246		)
Proceeds from issuance of non-recourse debt	350,000			—			—			1,935			—		351,935
Other financing activities	117			(360		)	—			(501		)	—		(744		)
Net cash from financing activities	155,921			(360		)	—			(14,566		)	—		140,995
Net change in cash and cash equivalents	(65		)	(11,790		)	205,791			(12,237		)	—		181,699
Cash and cash equivalents, beginning of period	364			128,185			3,944			46,263			—		178,756
Cash and cash equivalents, end of period	$	299		$	116,395		$	209,735		$	34,026		$	—	$	360,455

Condensed Consolidating Statements of Cash Flows - continued

	Six Months Ended June 30, 2011
							Non-			Non-
							Guarantor			Guarantor
							Subsidiaries			Subsidiaries
				Guarantor			(100%			(Not 100%
	Parent			Subsidiaries			Owned)			Owned)			Eliminations		Consolidated
							(In thousands)
Cash flows from operating activities
Net cash from operating activities	$	64,350		$	7,102		$	464		$	25,652		$	—	$	97,568
Cash flows from investing activities
Capital expenditures	—			(20,563		)	(217		)	(10,094		)	—		(30,874		)
Investment in subsidiaries	787			—			—			(787		)	—		—
Other investing activities	55			—			—			168			—		223
Net cash from investing activities	842			(20,563		)	(217		)	(10,713		)	—		(30,651		)
Cash flows from financing activities
Borrowings under bank credit facility	35,920			—			—			365,700			—		401,620
Payments under bank credit facility	(35,920		)	—			—			(406,600		)	—		(442,520		)
Payments on long-term debt	—			(340		)	—			—			—		(340		)
Debt issuance costs, net	(149		)	—			—			(679		)	—		(828		)
Proceeds from issuance of non-recourse debt	—			—			—			5,250			—		5,250
Other financing activities	239			—			—			(181		)	—		58
Net cash from financing activities	90			(340		)	—			(36,510		)	—		(36,760		)
Net change in cash and cash equivalents	65,282			(13,801		)	247			(21,571		)	—		30,157
Cash and cash equivalents, beginning of period	11,232			88,281			3,679			42,431			—		145,623
Cash and cash equivalents, end of period	$	76,514		$	74,480		$	3,926		$	20,860		$	—	$	175,780