On Feb. 20, Boyd Gaming (NYSE:BYD) released fourth-quarter earnings for the period ended Dec. 31.

  • Net income benefited from fewer charges than during the same quarter last year.
  • Borgata results suffered from a lower table-games hold percentage and from expansion costs.
  • The company plans to begin construction of the Blue Chip expansion next month, and of Echelon Place in the second quarter of 2007.
  • Boyd carries a three-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$520.8

$543.9

(4.2%)

EBITDA

$146.3

$176.5

(17.1%)

Net Profit*

$55.6

$25.8

116.0%

EPS

$0.63

$0.28

125.0%

Diluted Shares

87.8

91.0

(3.4%)

*Net profit from continuous operations.

Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

EBITDA Margin

28.1%

32.5%

(4.4)

Operating Margin

23.6%

12.9%

10.7

Net Margin

10.7%

4.7%

5.9

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

No data available.

Learn the ways of the balance sheet.

EBITDA by Region

Q4 2006

Q4 2005

Change

Las Vegas Locals

$70.4

$73.8

(4.6%)

Stardust

$1.3

$6.9

(81.2%)

Downtown Las Vegas

$17.1

$17.2

(0.6%)

Central Region

$50.7

$66.9

(24.2%)

Borgata*

$18.1

$23.3

(22.3%)

*Boyd's share of Borgata EBITDA.

Find out why Fools always follow the money.

Related Companies:

  • Pinnacle Entertainment (NYSE:PNK)
  • Station Casinos (NYSE:STN)
  • Penn National Gaming (NASDAQ:PENN)
  • Ameristar Casinos (NASDAQ:ASCA)

Related Foolishness:

Ameristar is a Motley Fool Hidden Gems recommendation. Try any of our investing services free for 30 days.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.