MGM Growth Properties LLC (MGP) financial statements (2022 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)

12/31/2021
12/31/2020
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
Operating lease, right-of-use asset278281 
Property, plant and equipment   784  
Intangible assets, net (including goodwill)3840412694546
Goodwill   18  
Intangible assets, net (excluding goodwill)3840412514546
Total noncurrent assets:316320411,0534546
Other undisclosed assets10,11510,28011,8699,83810,0479,100
TOTAL ASSETS:10,43110,60011,91010,95110,3519,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4133 464748
Deferred income tax liabilities4133 
Off-market lease, unfavorable   464748
Total noncurrent liabilities:4133 464748
Other undisclosed liabilities5,0304,9765,0125,0604,2363,851
Total liabilities:5,0715,0105,0125,1064,2833,898
Stockholders' equity
Stockholders' equity attributable to parent3,1572,6402,5151,5661,6251,334
Additional paid in capital3,7363,1142,7661,7131,7161,363
Accumulated other comprehensive income (loss)(41)(51)(7)430
Accumulated deficit(538)(423)(244)(151)(95)(30)
Stockholders' equity attributable to noncontrolling interest2,2032,9514,3834,2804,4434,274
Total stockholders' equity:5,3605,5916,8985,8466,0685,608
TOTAL LIABILITIES AND EQUITY:10,43110,60011,91010,95110,3519,507

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7827938811,002766468
Revenue, net766468
Operating leases, income statement, lease revenue746
Cost of revenue(261)(456)(329)(500)(383)(294)
Cost of goods and services sold    (88) 
Gross profit:521337552503382174
Operating expenses(26)(17)(27)(27)(29)(20)
Operating income:496320525476353154
Nonoperating expense(127)(150)(258)(220)(182)(116)
Investment income, nonoperating409(1)341
Interest and debt expense(266)(18)(6)(3)(184)(116)
Income (loss) from continuing operations before equity method investments, income taxes:103152261253(13)(79)
Other undisclosed income from continuing operations before income taxes266186   
Income (loss) from continuing operations before income taxes:369170267253(13)(79)
Income tax expense(9)(10)(8)(11)(5)(2)
Income (loss) before gain (loss) on sale of properties:359160259242(18)(81)
Other undisclosed net income  163184116
Net income:35916027624516635
Net loss attributable to noncontrolling interest(154)(84)(185)(178)(124)(5)
Net income available to common stockholders, diluted:2067690674230

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:35916027624516635
Other comprehensive income (loss)39(90)(35)4102
Comprehensive income:3987124024917637
Comprehensive loss, net of tax, attributable to noncontrolling interest(171)(29)(160)(181)(131)(7)
Comprehensive income, net of tax, attributable to parent:2274181684530

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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