Boyd Gaming Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,947	3,787	3,600	3,421	3,262
Other Revenue	145.12	143.5	138.54	134.79	107.54
Revenue	4,092	3,930	3,738	3,555	3,370
Revenue Growth (YoY)	4.12%	5.13%	5.15%	5.51%	54.69%
Cost of Revenue	2,216	1,499	1,353	1,185	1,022
Gross Profit	1,876	2,431	2,386	2,370	2,348
Selling, General & Admin	668.73	652.57	614.25	597.59	588.53
Other Operating Expenses	27.75	552.96	524.46	519.98	582.89
Operating Expenses	999.19	1,482	1,395	1,376	1,439
Operating Income	876.8	948.98	990.27	994.5	908.3
Interest Expense	-157.64	-177.41	-171.25	-151.25	-199.44
Interest & Investment Income	4.83	1.63	23.89	21.53	1.82
Other Non Operating Income (Expenses)	1,736	0.01	-1.56	-2.88	-3.39
EBT Excluding Unusual Items	2,460	773.2	841.34	861.9	707.29
Merger & Restructuring Charges	-	-	-0.7	-5.5	-
Impairment of Goodwill	-	-	-86.54	-31.6	-
Asset Writedown	-128.4	-21.2	-21.3	-9.18	-8.2
Other Unusual Items	-1.45	-	20.1	0.59	-95.16
Pretax Income	2,330	752	752.91	828.81	603.94
Income Tax Expense	490.77	174.05	132.88	189.43	140.09
Earnings From Continuing Operations	1,839	577.95	620.02	639.38	463.85
Net Income to Company	1,839	577.95	620.02	639.38	463.85
Minority Interest in Earnings	4.37	-	-	-	-
Net Income	1,843	577.95	620.02	639.38	463.85
Net Income to Common	1,843	577.95	620.02	639.38	463.85
Net Income Growth	218.93%	-6.78%	-3.03%	37.84%	-
Shares Outstanding (Basic)	82	93	101	109	114
Shares Outstanding (Diluted)	82	93	101	109	114
Shares Change (YoY)	-12.46%	-7.92%	-7.00%	-4.47%	0.52%
EPS (Basic)	22.56	6.19	6.12	5.87	4.07
EPS (Diluted)	22.56	6.19	6.12	5.87	4.07
EPS Growth	264.46%	1.16%	4.24%	44.23%	-
Free Cash Flow	-	556.68	540.57	706.96	810.96
Free Cash Flow Per Share	-	5.96	5.33	6.49	7.11
Dividend Per Share	0.720	0.680	0.640	0.600	-
Dividend Growth	5.88%	6.25%	6.67%	-	-
Gross Margin	45.84%	61.86%	63.82%	66.67%	69.66%
Operating Margin	21.43%	24.15%	26.49%	27.97%	26.95%
Profit Margin	45.05%	14.70%	16.59%	17.98%	13.76%
Free Cash Flow Margin	-	14.16%	14.46%	19.88%	24.07%
EBITDA	1,159	1,221	1,243	1,252	1,176
EBITDA Margin	28.33%	31.07%	33.25%	35.22%	34.90%
D&A For EBITDA	282.61	272.08	252.9	257.58	267.79
EBIT	876.8	948.98	990.27	994.5	908.3
EBIT Margin	21.43%	24.15%	26.49%	27.97%	26.95%
Effective Tax Rate	21.07%	23.14%	17.65%	22.86%	23.20%
Revenue as Reported	4,092	3,930	3,738	3,555	3,370
Advertising Expenses	-	26.9	22.4	18.7	16.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.