MGM Resorts International (MGM) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7695,1022,3301,5271,5001,4471,670
Cash and cash equivalents4,7035,1022,3301,5271,5001,4471,670
Short-term investments66      
Receivables8585601,375686583543481
Inventory, net of allowances, customer advances and progress billings968810311110298104
Inventory968810311110298104
Other undisclosed current assets693201200204189142154
Total current assets:6,4165,9514,0082,5272,3752,2302,409
Noncurrent Assets
Operating lease, right-of-use asset11,4938,2874,392
Property, plant and equipment14,43514,63218,28620,73019,63518,42515,372
Long-term investments and receivables9671,4478227331,0341,2201,491
Long-term investments9671,4478227331,0341,2201,491
Intangible assets, net (including goodwill)7,0975,7355,9115,7665,6845,9055,596
Goodwill3,4812,0912,0851,8211,8071,8171,431
Intangible assets, net (excluding goodwill)3,6163,6443,8273,9443,8784,0884,165
Other noncurrent assets490443457455430393348
Total noncurrent assets:34,48330,54429,86927,68426,78525,94422,806
TOTAL ASSETS:40,89936,49533,87630,21129,15928,17325,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities436281358490419456889
Accounts payable263143235303255250182
Accrued liabilities   47283617
Employee-related liabilities      371
Taxes payable     11154
Interest and dividends payable173139122140136159166
Debt1,000  4315817336
Estimated litigation liability  735    
Customer advances and deposits  104
Other liabilities1,9831,5452,0242,1512,0691,595 
Other undisclosed current liabilities233075265447225908
Total current liabilities:3,4421,8573,1912,9493,0922,2932,238
Noncurrent Liabilities
Long-term debt and lease obligation23,64920,90111,16915,08812,75112,97912,368
Long-term debt, excluding current maturities11,77112,37711,16915,08812,75112,97912,368
Finance lease, liability76134 
Operating lease, liability11,8028,390 
Liabilities, other than long-term debt2,4392,1534,6421,6021,5892,8772,838
Deferred tax liabilities, net1,3431,3052,5512,681
Deferred income tax liabilities2,4392,153 
Other liabilities  4,642259284326158
Other undisclosed noncurrent liabilities2443382,107    
Total noncurrent liabilities:26,33323,39217,91716,69014,34015,85615,207
Total liabilities:29,77525,24821,10819,63917,43318,15017,445
Temporary equity, carrying amount1486710510280546
Stockholders' equity
Stockholders' equity attributable to parent6,0716,5057,7276,5127,6136,2205,120
Common stock5555666
Additional paid in capital1,7503,4393,5314,0925,3585,6545,656
Accumulated other comprehensive income (loss)(25)(31)(10)(9)(4)1514
Retained earnings (accumulated deficit)4,3413,0914,2012,4232,253546(556)
Stockholders' equity attributable to noncontrolling interest4,9064,6754,9363,9584,0343,7492,645
Total stockholders' equity:10,97711,18012,66310,47011,6479,9697,764
TOTAL LIABILITIES AND EQUITY:40,89936,49533,87630,21129,15928,17325,215

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,6805,16212,90011,76310,7749,4559,190
Revenue, net10,7749,4559,190
Cost of revenue(3,828)(2,440)(5,574)(7,347)(6,533)(5,395)(7,404)
Cost of goods and services sold    (5,735)(5,084)(6,024)
Gross profit:5,8522,7237,3264,4164,2414,0601,786
Operating expenses(3,658)(3,408)(3,505)(3,094)(2,672)(2,508)(2,200)
Other undisclosed operating income8543120148146528258
Operating income (loss):2,279(642)3,9401,4691,7152,080(156)
Nonoperating expense(817)(869)(1,093)(835)(752)(821)(890)
Other nonoperating income (expense)66(89)(183)(18)(48)(73)(16)
Interest and debt expense(0)(126)(171)(4)(46)(67)(2)
Income (loss) from continuing operations before equity method investments, income taxes:1,462(1,638)2,6766309181,192(1,048)
Other undisclosed income from continuing operations before income taxes0126171446672
Income (loss) from continuing operations before income taxes:1,462(1,511)2,8476349641,259(1,046)
Income tax expense (benefit)(253)192(632)(50)1,133(22)7
Net income (loss):1,208(1,320)2,2145842,0961,237(1,040)
Net income (loss) attributable to noncontrolling interest46287(165)(117)(136)(135)592
Net income (loss) attributable to parent:1,254(1,033)2,0494671,9601,101(448)
Other undisclosed net income (loss) available to common stockholders, basic(78)36(3)(21)(18)(0) 
Net income (loss) available to common stockholders, basic:1,176(997)2,0464451,9421,101(448)
Dilutive securities, effect on basic earnings per share  (0)(0)   
Other undisclosed net loss available to common stockholders, diluted    (0)(0) 
Net income (loss) available to common stockholders, diluted:1,176(997)2,0464451,9421,101(448)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,208(1,320)2,2145842,0961,237(1,040)
Other comprehensive income (loss)10(52)(1)(9)(35)(1)3
Comprehensive income (loss):1,219(1,372)2,2145742,0611,236(1,037)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest36310(168)(113)(120)(135)590
Comprehensive income (loss), net of tax, attributable to parent:1,254(1,062)2,0454621,9421,101(447)

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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