MGM Resorts International (MGM) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3301,5271,5001,4471,6701,7141,804
Cash and cash equivalents2,3301,5271,5001,4471,6701,7141,804
Receivables1,375686583543481473488
Inventory, net of allowances, customer advances and progress billings10311110298104104108
Inventory10311110298104104108
Disposal group, including discontinued operation     4 
Prepaid expense and other current assets239
Deferred tax assets     81
Other undisclosed current assets200204189142154732 
Total current assets:4,0082,5272,3752,2302,4093,0272,719
Noncurrent Assets
Operating lease, right-of-use asset4,392
Property, plant and equipment18,28620,73019,63518,42515,37214,44214,055
Long-term investments and receivables8227331,0341,2201,4911,5591,375
Long-term investments8227331,0341,2201,4911,5591,375
Intangible assets, net (including goodwill)5,9115,7665,6845,9055,5967,2627,409
Goodwill2,0851,8211,8071,8171,4312,8972,897
Intangible assets, net (excluding goodwill)3,8273,9443,8784,0884,1654,3654,512
Other noncurrent assets457455430393348413 
Prepaid expense and other noncurrent assets551
Other undisclosed noncurrent assets      (14,055)
Total noncurrent assets:29,86927,68426,78525,94422,80623,6759,336
Other undisclosed assets      14,055
TOTAL ASSETS:33,87630,21129,15928,17325,21526,70326,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities358490419456889940888
Accounts payable235303255250182164241
Accrued liabilities 4728361714 
Employee-related liabilities    371369395
Taxes payable   11154202252
Interest and dividends payable122140136159166191 
Debt 43158173361,250 
Liability for uncertainty in income taxes      16
Estimated litigation liability735      
Deferred tax liabilities    62 
Customer advances and deposits  104103
Other liabilities2,0242,1512,0691,595   
Other undisclosed current liabilities752654472259081,0521,312
Total current liabilities:3,1912,9493,0922,2932,2383,4082,215
Noncurrent Liabilities
Long-term debt and lease obligation11,16915,08812,75112,97912,36812,92213,447
Long-term debt, excluding current maturities11,16915,08812,75112,97912,36812,91413,447
Capital lease obligations    8 
Liabilities, other than long-term debt4,6421,6021,5892,8772,8382,7782,659
Deferred tax liabilities, net1,3431,3052,5512,6812,6222,430
Liability for uncertainty in income taxes     2687
Other liabilities4,642259284326158131142
Other undisclosed noncurrent liabilities2,107    (34)(87)
Total noncurrent liabilities:17,91716,69014,34015,85615,20715,66616,019
Total liabilities:21,10819,63917,43318,15017,44519,07418,235
Temporary equity, carrying amount10510280546  
Stockholders' equity
Stockholders' equity attributable to parent7,7276,5127,6136,2205,1204,0914,231
Common stock5566655
Additional paid in capital3,5314,0925,3585,6545,6564,1814,157
Accumulated other comprehensive income (loss)(10)(9)(4)15141313
Retained earnings (accumulated deficit)4,2012,4232,253546(556)(108)57
Stockholders' equity attributable to noncontrolling interest4,9363,9584,0343,7492,6453,5373,644
Total stockholders' equity:12,66310,47011,6479,9697,7647,6287,876
TOTAL LIABILITIES AND EQUITY:33,87630,21129,15928,17325,21526,70326,110

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues12,90011,76310,7749,4559,19010,0829,810
Revenue, net10,7749,4559,19010,08219,851
Cost of revenue(5,574)(7,347)(6,533)(5,395)(7,404)(6,752)(6,623)
Cost of goods and services sold  (5,735)(5,084)(6,024)(6,752)(6,623)
Gross profit:7,3264,4164,2414,0601,7863,3303,186
Operating expenses(3,505)(3,094)(2,672)(2,508)(2,200)(2,376)(2,546)
Other undisclosed operating income120148146528258370471
Operating income (loss):3,9401,4691,7152,080(156)1,3241,112
Nonoperating expense(1,093)(835)(752)(821)(890)(913)(1,024)
Other nonoperating expense(183)(18)(48)(73)(16)(8)(9)
Interest and debt expense(171)(4)(46)(67)(2)(817)(849)
Income (loss) from continuing operations before equity method investments, income taxes:2,6766309181,192(1,048)(406)(761)
Loss from equity method investments     (25)(115)
Other undisclosed income from continuing operations before income taxes171446672842964
Income (loss) from continuing operations before income taxes:2,8476349641,259(1,046)41188
Income tax expense (benefit)(632)(50)1,133(22)7(284)(31)
Net income (loss):2,2145842,0961,237(1,040)12757
Net income (loss) attributable to noncontrolling interest(165)(117)(136)(135)592(277)(213)
Net income (loss) attributable to parent:2,0494671,9601,101(448)(150)(157)
Other undisclosed net loss available to common stockholders, basic(3)(21)(18)(0)   
Net income (loss) available to common stockholders, basic:2,0464451,9421,101(448)(150)(157)
Dilutive securities, effect on basic earnings per share(0)(0)   0 
Other undisclosed net loss available to common stockholders, diluted  (0)(0)   
Net income (loss) available to common stockholders, diluted:2,0464451,9421,101(448)(150)(157)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2,2145842,0961,237(1,040)12757
Other comprehensive income (loss)(1)(9)(35)(1)3(0)(4)
Comprehensive income (loss):2,2145742,0611,236(1,037)12753
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(168)(113)(120)(135)590(277)211
Other undisclosed comprehensive loss, net of tax, attributable to parent      (422)
Comprehensive income (loss), net of tax, attributable to parent:2,0454621,9421,101(447)(149)(158)

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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