MGM Resorts International Website

MGM Resorts International

NYSE-MGM

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

12,462.8

4,917.1

9,454.1

13,081.8

16,118.5

17,012

Other Revenues, Total

—

—

—

—

—

—

—

—

—

Total Revenues

12,462.8

4,917.1

9,454.1

13,081.8

16,118.5

17,012

Total Revenues % Chg.

9.9%

-60.5%

92.3%

38.4%

23.2%

15.1%

Cost of Goods Sold, Total

7,166.6

3,207.8

4,804.5

6,607.3

8,507.8

9,109.3

Gross Profit

5,296.2

1,709.4

4,649.5

6,474.5

7,610.7

7,902.7

Selling General & Admin Expenses, Total

2,565.9

2,489.1

2,930

4,705.7

5,213.1

5,347.9

Pre-Opening Costs

7.2

0.1

5.1

1.9

0.4

2.1

Depreciation & Amortization

1,304.6

1,210.6

1,150.6

3,482.1

814.1

795.7

Other Operating Expenses

—

—

—

—

—

—

—

—

—

—

Other Operating Expenses, Total

3,877.7

3,699.7

4,085.7

8,189.7

6,027.6

6,145.6

Operating Income

1,418.5

-1,990.3

563.8

-1,715.2

1,583.1

1,757.1

Interest Expense, Total

-847.9

-676.4

-799.6

-595

-460.3

-440.8

Interest And Investment Income

—

—

—

—

—

—

—

—

96

164

164

Net Interest Expenses

-847.9

-676.4

-799.6

-499

-296.3

-276.8

Income (Loss) On Equity Invest.

57.2

-60.4

1.6

-183.7

-63.1

-28

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

—

-19

-106

-106

Other Non Operating Income (Expenses)

-238.8

-118.9

105.7

-33.9

-17.7

-505

EBT, Excl. Unusual Items

389

-2,846

-128.5

-2,450.7

1,100

841.3

Restructuring Charges

—

—

—

—

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

-64

28

10

-26

-81

Gain (Loss) On Sale Of Assets

—

—

—

—

—

2,676.7

1,491.9

—

3,344.5

398.8

398.8

Asset Writedown

—

—

—

—

—

-219

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

-49

—

—

—

—

Other Unusual Items

—

—

—

—

—

-44.4

1,562.3

—

—

—

EBT, Incl. Unusual Items

2,846.7

-1,511.5

1,461.8

903.8

1,472.8

1,159.1

Income Tax Expense

632.3

-191.6

253.4

697.1

157.8

-15

Earnings From Continuing Operations

2,214.4

-1,319.9

1,208.4

206.7

1,314.9

1,174

Minority Interest

-165.2

287.2

46

1,266.4

-172.7

-294.9

Net Income

2,049.1

-1,032.7

1,254.4

1,473.1

1,142.2

879.1

Preferred Dividend and Other Adjustments

—

—

2.7

-35.5

78.3

31.9

-2.1

-0.9

Net Income to Common Incl Extra Items

2,046.4

-997.2

1,176.1

1,441.2

1,144.3

880.1

Net Income to Common Excl. Extra Items

2,046.4

-997.2

1,176.1

1,441.2

1,144.3

880.1

Total Shares Outstanding

503.1

494.3

453.8

379.1

326.6

305

Weighted Avg. Shares Outstanding

524.2

494.2

481.9

409.2

354.9

329.1

Weighted Avg. Shares Outstanding Dil

527.6

494.2

487.4

413

358.6

332.3

EPS

3.9

-2

2.4

3.5

3.2

2.7

EPS Diluted

3.9

-2

2.4

3.5

3.2

2.6

EBITDA

2,723.1

-779.8

1,714.4

1,766.9

2,397.2

2,552.8

Effective Tax Rate

22.2%

12.7%

17.3%

77.1%

10.7%

-1.3%