MGM Resorts International (MGM) financial statements (2021 and earlier)

Company profile

Business Address 3600 LAS VEGAS BLVD S
LAS VEGAS, NV 89109
State of Incorp. DE
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1024,5944,8366,0162,3301,2341,161
Cash and cash equivalents5,1024,5944,8366,0162,3301,2341,161
Receivables5601,2501,2051,2341,3751,309584
Inventory, net of allowances, customer advances and progress billings8897107106103104107
Inventory8897107106103104107
Other undisclosed current assets201245224241200234189
Total current assets:5,9516,1866,3717,5984,0082,8812,040
Noncurrent Assets
Operating lease, right-of-use asset8,2878,3318,3808,4264,392651 
Property, plant and equipment14,63214,79214,97715,17318,28620,60421,054
Long-term investments and receivables1,4471,4741,4681,596822759747
Long-term investments1,4471,4741,4681,596822759747
Intangible assets, net (including goodwill)5,7355,7895,8385,8875,9115,9436,004
Goodwill2,0912,0922,0922,0922,0852,0762,081
Intangible assets, net (excluding goodwill)3,6443,6983,7473,7963,8273,8673,923
Other noncurrent assets443432437439457331304
Other undisclosed noncurrent assets      665
Total noncurrent assets:30,54430,81831,10131,52129,86928,28828,774
TOTAL ASSETS:36,49537,00537,47139,11933,87631,16930,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities281301251311358413414
Accounts payable143150122203235254278
Interest and dividends payable139151128109122160137
Debt     70 
Estimated litigation liability 800800735735735 
Other liabilities1,5451,6371,4981,5392,0242,0002,140
Other undisclosed current liabilities302927417575232
Total current liabilities:1,8572,7672,5752,6263,1913,2932,787
Noncurrent Liabilities
Long-term debt and lease obligation20,90119,94719,87720,29611,16915,46214,662
Long-term debt, excluding current maturities12,37711,41511,34011,74311,16914,94414,662
Finance lease, liability134151161177   
Operating lease, liability8,3908,3808,3778,375 518 
Liabilities, other than long-term debt2,1532,1642,243 4,6427692,310
Deferred tax liabilities, net1,553
Deferred income tax liabilities2,1532,1642,243    
Other liabilities    4,642769758
Other undisclosed noncurrent liabilities3383673692,7752,1071,018 
Total noncurrent liabilities:23,39222,47722,48923,07117,91717,24916,972
Total liabilities:25,24825,24425,06425,69721,10820,54219,758
Temporary equity, carrying amount67585990105106101
Stockholders' equity
Stockholders' equity attributable to parent6,5056,8617,3758,1747,7276,0616,520
Common stock5555555
Additional paid in capital3,4393,3563,3333,2743,5313,8464,182
Accumulated other comprehensive loss(31)(39)(39)(40)(10)(47)(26)
Retained earnings3,0913,5404,0764,9344,2012,2562,360
Stockholders' equity attributable to noncontrolling interest4,6754,8424,9745,1584,9364,4604,434
Total stockholders' equity:11,18011,70312,34913,33212,66310,52110,955
TOTAL LIABILITIES AND EQUITY:36,49537,00537,47139,11933,87631,16930,814

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,4941,1262902,2533,1853,3143,223
Cost of revenue(1,016)(804)(474)(145)746(2,296)(1,976)
Gross profit:478322(185)2,1083,9311,0181,248
Operating expenses(836)(838)(842)(893)(988)(816)(903)
Other undisclosed operating income (loss)(5)21(8)36183627
Operating income (loss):(364)(495)(1,035)1,2512,960238371
Nonoperating expense(199)(184)(172)(314)(338)(240)(284)
Other nonoperating income (expense)13148(124)(129)(9)(46)
Interest and debt expense (174)(157)(127)(115)(216)(216)
Income (loss) from continuing operations before equity method investments, income taxes:(563)(853)(1,363)8102,507(217)(128)
Other undisclosed income from continuing operations before income taxes 174157127115216216
Income (loss) from continuing operations before income taxes:(563)(679)(1,207)9372,622(1)88
Income tax expense (benefit)10777270(262)(556)7(12)
Net income (loss):(456)(602)(936)6752,066676
Net income (loss) attributable to noncontrolling interest86779132(54)(43)(33)
Net income (loss) attributable to parent:(448)(535)(857)8072,012(37)43
Other undisclosed net income (loss) available to common stockholders, basic(7)23283(3)1
Net income (loss) available to common stockholders, basic:(454)(533)(825)8152,015(40)44
Dilutive securities, effect on basic earnings per share (0)(0) (0)(0)(0)
Other undisclosed net income available to common stockholders, diluted0      
Net income (loss) available to common stockholders, diluted:(454)(533)(825)8152,015(40)44

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(456)(602)(936)6752,066676
Other comprehensive income (loss)100(7)(55)60(35)0
Comprehensive income (loss):(446)(602)(943)6202,126(29)76
Comprehensive income (loss), net of tax, attributable to noncontrolling interest46782157(80)(29)(35)
Comprehensive income (loss), net of tax, attributable to parent:(442)(535)(861)7772,046(58)42

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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