Boyd Group Revenue Growth and Market Analysis
Liquidity and Capital Resources
Cash
(in US$ millions)
Sept 30, 2022
Dec 31, 2021
$13.9
$27.7
Long-Term Debt
$328.5
$442.1
Net Debt before lease liabilities
(total debt, including current portion and bank
$314.6
$414.4
indebtedness, net of cash)
Lease liabilities
$626.2
$543.3
Total debt, net of cash
$940.8
$957.7
Net Debt before lease liabilities /
Adjusted EBITDA
2.2x
3.5x
(adjusted for property lease payments)
*Adjusted EBITDA is a non-GAAP financial measure and is not a standardized financial measure under International Financial Reporting
Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, please see "Non-
GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated November 9, 2022) for the period ended September 30, 2022.
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