博伊德赌场 2026年季度报告

FORM 10-Q____________________________________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedJune 30, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission file number: 1-12882___________________________________________________ BOYD GAMING CORPORATION (Exact name of registrant as specified in its charter)____________________________________________________ Nevada88-0242733(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 6465 South Rainbow Boulevard, Las Vegas, NV 89118(Address of principal executive offices) (Zip Code)(702) 792-7200(Registrant's telephone number, including area code)____________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smallerreporting company or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "non-accelerated filer","smaller reporting company" and "emerging growth company" in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicateby check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. The number of shares outstanding of the registrant’s common stock as of July 27, 2026was 72,655,414. BOYD GAMING CORPORATIONQUARTERLY REPORT ON FORM 10-QFOR THE PERIOD ENDED JUNE 30, 2026TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item1.Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets as of June 30, 2026and December 31, 20253Condensed Consolidated Statements of Operations for the three and six monthsended June 30, 2026 and 20254Condensed Consolidated Statements of Comprehensive Income for thethree and six monthsended June 30,2026and 20255Condensed Consolidated Statements of Changes in Stockholders' Equity for each of the quarters within thesixmonthsended June 30, 2026 and 20256Condensed Consolidated Statements of Cash Flows for thesixmonthsended June 30, 2026 and 20257Notes to Condensed Consolidated Financial Statements8Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations26Item3.Quantitative and Qualitative Disclosures about Market Risk38Item4.Controls and Procedures39PART II. OTHER INFORMATIONItem1.Legal Proceedings40Item1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40Item 5.Other Information40Item6.Exhibits41Signature Page42 PART I. Financial Information BOYD GAMING CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30,December 31,(In thousands, except share data)20262025ASSETSCurrent assetsCash and cash equivalents ($6,258 and $5,557 assets related to VIE)$322,713$353,413Restricted cash6,0825,354Accounts receivable, net ($135 and $141 assets related to VIE)78,80284,352Inventories ($0 and $6 assets related to VIE)19,07820,189Prepaid expenses and other current assets ($33 and $0 assets related to VIE)55,72545,483Income taxes receivable—21,937Total current assets482,400530,728Property and equipment, net3,009,6072,871,384Operating lease right-of-use assets ($2,686 and $2,809 assets related to VIE)623,178646,146Other assets, net89,93693,464Intangible assets, net ($98,754 and $98,754 assets related to VIE)1,489,0251,474,991Goodwill, net990,058957,977Total assets$6,684,204$6,574,690LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable ($450 and $255 liabilities related to VIE)$144,017$151,292Accrued liabilities ($2,139 and $1,932 liabilities related to VIE)475,979827,927Income taxes payable3,369—Total current liabilities623,365979,219Long-term debt, net of current maturities and debt is