Guarantor Subsidiaries was Boyd Gaming’s largest revenue line in fiscal 2013, bringing in $1.65B of $2.89B (57%).
| Legal Entity | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $1.50B | $1.55B | $1.69B | $1.65B |
| Non-Guarantor Subsidiaries (Not 100% Owned) | $580.14M | $741.13M | $697.12M | $697.63M |
| Borgata | $580.14M | — | — | — |
| Non-Guarantor Subsidiaries (100% Owned) | $58.86M | $51.34M | $108.28M | $570.27M |
| Parent Company | — | $123.37M | $121.81M | $123.95M |
| Parent | $134.19M | — | — | — |
| Eliminations | -$134.19M | -$136.40M | -$137.05M | -$147.42M |
| Total | $2.72B | $2.33B | $2.48B | $2.89B |
Boyd Gaming brought in $2.89B from its five revenue lines in fiscal 2013, the year ended December 31, 2013. That was up 16.6% from $2.48B in fiscal 2012. Guarantor Subsidiaries was the largest at $1.65B (57.0%), ahead of Non-Guarantor Subsidiaries (Not 100% Owned) at $697.63M (24.1%) and Non-Guarantor Subsidiaries (100% Owned) at $570.27M (19.7%). The remaining revenue line, Parent Company, brought in $123.95M.
Compared with fiscal 2012, Non-Guarantor Subsidiaries (100% Owned) grew fastest, up 426.6% to $570.27M, while Guarantor Subsidiaries fell the most, down 2.5% to $1.65B.
Boyd Gaming began breaking out Parent Company in fiscal 2011, when it brought in $123.37M. Boyd Gaming stopped reporting Borgata ($580.14M in fiscal 2010) and Parent ($134.19M in fiscal 2010) as separate revenue lines. The total is net of Eliminations, which took $147.42M off revenue in fiscal 2013.
Midwest & South was Boyd Gaming’s largest segment in fiscal 2020, bringing in $1.29B of $1.78B (72%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Midwest & South | $1.04B | $1.23B | $1.78B | $1.29B | |||||
| Borgata (1) | — | — | — | — | |||||
| Borgata | — | — | — | — | |||||
| Atlantic City | — | — | — | — | |||||
| Las Vegas Locals | $563.79M | $565.58M | $566.44M | $430.30M | |||||
| Peninsula | — | — | — | — | |||||
| Downtown Las Vegas | $133.07M | $132.87M | $138.62M | $58.47M | |||||
| Other | — | — | — | — | |||||
| Total | $1.74B | $1.93B | $2.48B | $1.78B |
Boyd Gaming brought in $1.78B from its three segments in fiscal 2020, the year ended December 31, 2020. That was down 28.5% from $2.48B in fiscal 2019. Midwest & South was the largest at $1.29B (72.5%), ahead of Las Vegas Locals at $430.30M (24.2%) and Downtown Las Vegas at $58.47M (3.3%).
Compared with fiscal 2019, every segment above 2% of revenue shrank. Las Vegas Locals held up best, down 24.0% to $430.30M, and Downtown Las Vegas fell the most, down 57.8% to $58.47M. From fiscal 2017 to 2020, combined revenue from these segments grew from $1.74B to $1.78B, a compound annual growth rate of 0.7%. Midwest & South's share of the total rose from 60.0% to 72.5%.
Boyd Gaming (BYD) reports its revenue by legal entity and by segment. In fiscal 2013, Guarantor Subsidiaries was its largest revenue line, bringing in $1.65B (57.0% of the total), followed by Non-Guarantor Subsidiaries (Not 100% Owned) at $697.63M (24.1%).
Guarantor Subsidiaries was Boyd Gaming's largest revenue line in fiscal 2013, bringing in $1.65B, or 57.0% of the $2.89B total across its five revenue lines.
Midwest & South was Boyd Gaming's largest segment in fiscal 2020, bringing in $1.29B, or 72.5% of the $1.78B total across its three segments.
Among Boyd Gaming's revenue lines that make up at least 2% of revenue, Non-Guarantor Subsidiaries (100% Owned) grew fastest in fiscal 2013, up 426.6% from $108.28M to $570.27M.
Every figure comes from Boyd Gaming's annual financial filings, as reported. Each line keeps the name Boyd Gaming gives it, and years follow its fiscal calendar.
Boyd Gaming's revenue by legal entity goes back to fiscal 2010, with figures through fiscal 2013. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.