MGM Growth Properties LLC (MGP) financial statements (2021 and earlier)

Company profile

Business Address 1980 FESTIVAL PLAZA DRIVE
LAS VEGAS, NV 89135
State of Incorp. DE
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 60260360
Cash and cash equivalents 60260360
Total current assets: 60260360
Noncurrent Assets
Property, plant and equipment 784  
Intangible assets, net (including goodwill)412694546
Goodwill 18  
Intangible assets, net (excluding goodwill)412514546
Total noncurrent assets:411,0534546
Other undisclosed assets11,8699,83810,0479,100
TOTAL ASSETS:11,91010,95110,3519,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 464748
Off-market lease, unfavorable 464748
Total noncurrent liabilities: 464748
Other undisclosed liabilities5,0125,0604,2363,851
Total liabilities:5,0125,1064,2833,898
Stockholders' equity
Stockholders' equity attributable to parent2,5151,5661,6251,334
Additional paid in capital2,7661,7131,7161,363
Accumulated other comprehensive income (loss)(7)430
Accumulated deficit(244)(151)(95)(30)
Stockholders' equity attributable to noncontrolling interest4,3834,2804,4434,274
Total stockholders' equity:6,8985,8466,0685,608
TOTAL LIABILITIES AND EQUITY:11,91010,95110,3519,507

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues8811,002766468
Revenue, net766468
Operating leases, income statement, lease revenue746
Cost of revenue(329)(500)(383)(294)
Cost of goods and services sold  (88) 
Gross profit:552503382174
Operating expenses(27)(27)(29)(20)
Operating income:525476353154
Nonoperating expense(258)(220)(182)(116)
Interest and debt expense(6)(3)(184)(116)
Income (loss) from continuing operations before equity method investments, income taxes:261253(13)(79)
Other undisclosed income from continuing operations before income taxes6   
Income (loss) from continuing operations before income taxes:267253(13)(79)
Income tax expense(8)(11)(5)(2)
Income (loss) before gain (loss) on sale of properties:259242(18)(81)
Other undisclosed net income163184116
Net income:27624516635
Net loss attributable to noncontrolling interest(185)(178)(124)(5)
Net income available to common stockholders, diluted:90674230

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:27624516635
Other comprehensive income (loss)(35)4102
Comprehensive income:24024917637
Comprehensive loss, net of tax, attributable to noncontrolling interest(160)(181)(131)(7)
Comprehensive income, net of tax, attributable to parent:81684530

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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