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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1022,3301,5271,5001,4471,6701,714
Cash and cash equivalents5,1022,3301,5271,5001,4471,6701,714
Receivables5601,375686583543481473
Inventory, net of allowances, customer advances and progress billings8810311110298104104
Inventory8810311110298104104
Disposal group, including discontinued operation      4
Other undisclosed current assets201200204189142154732
Total current assets:5,9514,0082,5272,3752,2302,4093,027
Noncurrent Assets
Operating lease, right-of-use asset8,2874,392
Property, plant and equipment14,63218,28620,73019,63518,42515,37214,442
Long-term investments and receivables1,4478227331,0341,2201,4911,559
Long-term investments1,4478227331,0341,2201,4911,559
Intangible assets, net (including goodwill)5,7355,9115,7665,6845,9055,5967,262
Goodwill2,0912,0851,8211,8071,8171,4312,897
Intangible assets, net (excluding goodwill)3,6443,8273,9443,8784,0884,1654,365
Other noncurrent assets443457455430393348413
Total noncurrent assets:30,54429,86927,68426,78525,94422,80623,675
TOTAL ASSETS:36,49533,87630,21129,15928,17325,21526,703
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities281358490419456889940
Accounts payable143235303255250182164
Accrued liabilities  4728361714
Employee-related liabilities     371369
Taxes payable    11154202
Interest and dividends payable139122140136159166191
Debt  43158173361,250
Estimated litigation liability 735     
Deferred tax liabilities    62
Customer advances and deposits  104103
Other liabilities1,5452,0242,1512,0691,595  
Other undisclosed current liabilities30752654472259081,052
Total current liabilities:1,8573,1912,9493,0922,2932,2383,408
Noncurrent Liabilities
Long-term debt and lease obligation20,90111,16915,08812,75112,97912,36812,922
Long-term debt, excluding current maturities12,37711,16915,08812,75112,97912,36812,914
Finance lease, liability134 
Capital lease obligations    8
Operating lease, liability8,390 
Liabilities, other than long-term debt2,1534,6421,6021,5892,8772,8382,778
Deferred tax liabilities, net1,3431,3052,5512,6812,622
Deferred income tax liabilities2,153 
Liability for uncertainty in income taxes      26
Other liabilities 4,642259284326158131
Other undisclosed noncurrent liabilities3382,107    (34)
Total noncurrent liabilities:23,39217,91716,69014,34015,85615,20715,666
Total liabilities:25,24821,10819,63917,43318,15017,44519,074
Temporary equity, carrying amount6710510280546 
Stockholders' equity
Stockholders' equity attributable to parent6,5057,7276,5127,6136,2205,1204,091
Common stock5556665
Additional paid in capital3,4393,5314,0925,3585,6545,6564,181
Accumulated other comprehensive income (loss)(31)(10)(9)(4)151413
Retained earnings (accumulated deficit)3,0914,2012,4232,253546(556)(108)
Stockholders' equity attributable to noncontrolling interest4,6754,9363,9584,0343,7492,6453,537
Total stockholders' equity:11,18012,66310,47011,6479,9697,7647,628
TOTAL LIABILITIES AND EQUITY:36,49533,87630,21129,15928,17325,21526,703

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,16212,90011,76310,7749,4559,19010,082
Revenue, net10,7749,4559,19010,082
Cost of revenue(2,440)(5,574)(7,347)(6,533)(5,395)(7,404)(6,752)
Cost of goods and services sold   (5,735)(5,084)(6,024)(6,752)
Gross profit:2,7237,3264,4164,2414,0601,7863,330
Operating expenses(3,408)(3,505)(3,094)(2,672)(2,508)(2,200)(2,376)
Other undisclosed operating income43120148146528258370
Operating income (loss):(642)3,9401,4691,7152,080(156)1,324
Nonoperating expense(869)(1,093)(835)(752)(821)(890)(913)
Other nonoperating expense(89)(183)(18)(48)(73)(16)(8)
Interest and debt expense(126)(171)(4)(46)(67)(2)(817)
Income (loss) from continuing operations before equity method investments, income taxes:(1,638)2,6766309181,192(1,048)(406)
Loss from equity method investments      (25)
Other undisclosed income from continuing operations before income taxes126171446672842
Income (loss) from continuing operations before income taxes:(1,511)2,8476349641,259(1,046)411
Income tax expense (benefit)192(632)(50)1,133(22)7(284)
Net income (loss):(1,320)2,2145842,0961,237(1,040)127
Net income (loss) attributable to noncontrolling interest287(165)(117)(136)(135)592(277)
Net income (loss) attributable to parent:(1,033)2,0494671,9601,101(448)(150)
Other undisclosed net income (loss) available to common stockholders, basic36(3)(21)(18)(0)  
Net income (loss) available to common stockholders, basic:(997)2,0464451,9421,101(448)(150)
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:(997)2,0464451,9421,101(448)(150)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,320)2,2145842,0961,237(1,040)127
Other comprehensive income (loss)(52)(1)(9)(35)(1)3(0)
Comprehensive income (loss):(1,372)2,2145742,0611,236(1,037)127
Comprehensive income (loss), net of tax, attributable to noncontrolling interest310(168)(113)(120)(135)590(277)
Comprehensive income (loss), net of tax, attributable to parent:(1,062)2,0454621,9421,101(447)(149)

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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