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MGM Resorts International (MGM) Financials

MGM Resorts International logo
$31.69 +0.27 (+0.86%)
Closing price 03:59 PM Eastern
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$31.68 -0.02 (-0.05%)
As of 07:59 PM Eastern
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Annual Income Statements for MGM Resorts International

Annual Income Statements for MGM Resorts International

This table shows MGM Resorts International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-448 1,100 1,952 467 2,049 -1,033 1,254 1,473 1,142 747
Consolidated Net Income / (Loss)
-1,040 1,236 2,088 584 2,214 -1,320 1,208 207 1,315 1,065
Net Income / (Loss) Continuing Operations
-1,040 1,236 2,088 584 2,214 -1,320 1,208 207 1,315 1,065
Total Pre-Tax Income
-1,046 1,258 961 634 2,847 -1,511 1,462 904 1,473 1,117
Total Operating Income
-156 2,078 1,713 1,469 3,940 -642 2,279 1,439 1,891 1,490
Total Gross Profit
3,975 3,818 4,645 4,844 5,296 1,709 4,650 6,475 7,611 7,847
Total Revenue
9,190 9,478 10,797 11,763 12,900 5,162 9,680 13,127 16,164 17,241
Total Cost of Revenue
5,215 5,661 6,152 6,919 7,603 3,453 5,031 6,653 8,554 9,394
Operating Cost of Revenue
5,215 5,661 6,152 6,919 7,603 3,453 5,031 6,653 8,554 9,394
Total Operating Expenses
4,131 1,740 2,932 3,375 1,356 2,352 2,371 5,035 5,719 6,357
Selling, General & Admin Expense
1,584 1,691 1,916 2,184 2,566 2,582 2,930 4,706 5,213 5,346
Depreciation Expense
820 850 993 1,178 1,305 1,211 1,151 3,482 814 831
Other Operating Expenses / (Income)
446 17 50 161 -2,395 94 -63 -1,037 -371 81
Other Special Charges / (Income)
-187 -818 -28 -148 -120 -1,535 -1,647 -2,116 63 99
Total Other Income / (Expense), net
-890 -821 -752 -835 -1,093 -869 -817 -536 -419 -373
Interest Expense
798 695 669 770 848 676 800 595 460 443
Other Income / (Expense), net
-92 -126 -83 -66 -246 -193 -17 59 42 70
Income Tax Expense
-6.59 22 -1,127 50 632 -192 253 697 158 52
Net Income / (Loss) Attributable to Noncontrolling Interest
-592 135 136 117 165 -287 -46 -1,266 173 318
Basic Earnings per Share
($0.82) $1.94 $3.38 $0.82 $3.90 ($2.02) $2.44 $3.52 $3.22 $2.42
Weighted Average Basic Shares Outstanding
542.87M 568.13M 572.25M 544.25M 524.17M 494.15M 481.93M 409.20M 354.93M 307.41M
Diluted Earnings per Share
($0.82) $1.92 $3.34 $0.81 $3.88 ($2.02) $2.41 $3.49 $3.19 $2.40
Weighted Average Diluted Shares Outstanding
542.87M 573.32M 578.80M 549.54M 527.65M 494.15M 487.36M 412.99M 358.63M 310.23M
Weighted Average Basic & Diluted Shares Outstanding
542.87M 567.80M 577.50M 569.20M 492.43M 494.85M 439.17M 373.91M 319.68M 285.55M

Quarterly Income Statements for MGM Resorts International

This table shows MGM Resorts International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-577 284 467 201 161 313 217 187 185 157
Consolidated Net Income / (Loss)
-1,061 -320 480 244 212 380 300 283 244 238
Net Income / (Loss) Continuing Operations
-1,061 -320 480 244 212 380 300 283 244 238
Total Pre-Tax Income
-1,186 -34 646 283 224 320 343 271 297 206
Total Operating Income
-1,046 -1.90 731 371 370 419 458 426 315 292
Total Gross Profit
1,696 1,739 1,877 1,858 1,876 2,000 2,023 2,004 1,868 1,952
Total Revenue
3,416 3,592 3,873 3,942 3,973 4,376 4,383 4,327 4,183 4,347
Total Cost of Revenue
1,721 1,853 1,997 2,084 2,097 2,375 2,361 2,323 2,315 2,394
Operating Cost of Revenue
1,721 1,853 1,997 2,084 2,097 2,375 2,361 2,323 2,315 2,394
Total Operating Expenses
2,741 1,742 1,146 1,487 1,506 1,581 1,564 1,579 1,553 1,661
Selling, General & Admin Expense
1,330 1,340 1,263 1,261 1,314 1,374 1,324 1,335 1,302 1,384
Depreciation Expense
1,406 1,422 204 204 202 205 197 192 233 209
Other Operating Expenses / (Income)
-12 -1,061 -396 5.61 12 7.58 18 16 25 21
Other Special Charges / (Income)
17 42 75 16 -22 -6.38 25 35 -7.47 46
Total Other Income / (Expense), net
-140 -32 -85 -89 -146 -99 -115 -154 -18 -86
Interest Expense
125 137 130 112 111 107 110 113 112 109
Other Income / (Expense), net
-15 105 45 23 -34 7.63 -4.94 -42 94 23
Income Tax Expense
-125 286 166 39 12 -60 44 -12 53 -32
Net Income / (Loss) Attributable to Noncontrolling Interest
-484 -604 13 43 51 66 82 96 60 80
Basic Earnings per Share
($1.45) $0.79 $1.25 $0.56 $0.46 $0.95 $0.68 $0.60 $0.61 $0.53
Weighted Average Basic Shares Outstanding
393.30M 409.20M 374.09M 361.05M 347.35M 354.93M 320.49M 311.18M 300.50M 307.41M
Diluted Earnings per Share
($1.45) $0.80 $1.24 $0.55 $0.46 $0.94 $0.67 $0.60 $0.61 $0.52
Weighted Average Diluted Shares Outstanding
393.30M 412.99M 378.10M 365.34M 351.39M 358.63M 323.76M 314.42M 303.48M 310.23M
Weighted Average Basic & Diluted Shares Outstanding
384.02M 373.91M 363.80M 350.89M 341.58M 319.68M 313.68M 303.77M 297.74M 285.55M

Annual Cash Flow Statements for MGM Resorts International

This table details how cash moves in and out of MGM Resorts International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-47 -224 53 27 803 2,772 101 833 -3,021 -512
Net Cash From Operating Activities
-463 1,534 2,206 1,723 1,810 -1,493 1,373 1,756 2,691 2,362
Net Cash From Continuing Operating Activities
1,005 1,534 2,206 1,723 1,810 -1,493 1,373 1,756 2,691 2,362
Net Income / (Loss) Continuing Operations
-1,040 1,236 2,088 584 2,214 -1,320 1,208 207 1,315 1,065
Consolidated Net Income / (Loss)
-1,040 1,236 2,088 584 2,214 -1,320 1,208 207 1,315 1,065
Depreciation Expense
820 850 993 1,178 1,305 1,211 1,151 3,482 814 831
Amortization Expense
46 40 33 41 39 34 40 33 28 27
Non-Cash Adjustments To Reconcile Net Income
-36 -757 81 38 -2,061 -763 -1,272 -2,555 459 762
Changes in Operating Assets and Liabilities, net
-254 165 -989 -118 313 -655 246 590 75 -323
Net Cash From Investing Activities
-1,365 -2,276 -1,581 -2,083 3,519 2,159 1,544 2,118 -714 -1,283
Net Cash From Continuing Investing Activities
-795 -2,276 -1,581 -2,083 3,519 2,159 1,544 2,118 -714 -1,283
Purchase of Property, Plant & Equipment
-1,467 -2,262 -1,864 -1,487 -739 -271 -491 -765 -932 -1,151
Acquisitions
-196 -563 -17 -1,091 -618 -97 -2,016 -2,144 -283 -296
Sale of Property, Plant & Equipment
8.03 3.94 0.72 26 4,154 2,462 3,995 4,486 158 13
Divestitures
92 0.00 0.00 164 652 0.00 0.00 1,054 460 0.00
Sale and/or Maturity of Investments
202 542 301 323 101 64 9.69 10 8.34 2.32
Other Investing Activities, net
-4.03 3.30 -1.71 -17 -31 0.87 46 -523 -126 148
Net Cash From Financing Activities
-258 519 -569 389 -4,530 2,103 -2,814 -3,024 -5,005 -1,564
Net Cash From Continuing Financing Activities
-258 519 -569 389 -4,530 2,103 -2,814 -3,024 -5,005 -1,564
Repayment of Debt
-5,076 -4,352 -571 -124 -7,503 -2,558 -178 -1,183 -1,438 -2,222
Repurchase of Common Equity
0.00 -75 -328 -1,283 -1,032 -354 -1,754 -2,775 -2,292 -1,358
Payment of Dividends
-307 -103 -422 -446 -495 -364 -329 -215 -177 -189
Issuance of Debt
5,119 3,895 365 2,242 3,250 4,855 -1,346 1,148 -1,097 2,204
Other Net Changes in Cash
- -0.92 -3.63 - 2.60 2.35 -1.55 -17 6.54 -27
Cash Interest Paid
777 661 659 724 827 640 706 574 452 406
Cash Income Taxes Paid
12 68 182 -10 28 8.54 43 23 344 267

Quarterly Cash Flow Statements for MGM Resorts International

This table details how cash moves in and out of MGM Resorts International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-489 741 -1,444 -662 -527 -388 -206 -308 537 -535
Net Cash From Operating Activities
401 423 704 577 694 716 549 474 667 672
Net Cash From Continuing Operating Activities
401 423 704 577 694 716 549 474 667 672
Net Income / (Loss) Continuing Operations
-1,061 -320 480 244 212 380 300 283 244 238
Consolidated Net Income / (Loss)
-1,061 -320 480 244 212 380 300 283 244 238
Depreciation Expense
1,406 1,422 204 204 202 205 197 192 233 209
Amortization Expense
7.13 7.37 7.13 6.75 6.97 7.00 7.02 6.69 6.69 6.83
Non-Cash Adjustments To Reconcile Net Income
177 -863 -136 174 190 232 206 232 190 134
Changes in Operating Assets and Liabilities, net
-128 177 150 -51 84 -108 -160 -239 -6.95 83
Net Cash From Investing Activities
-644 536 212 -271 -362 -294 -108 -277 -494 -404
Net Cash From Continuing Investing Activities
-644 536 212 -271 -362 -294 -108 -277 -494 -404
Purchase of Property, Plant & Equipment
-220 -308 -140 -253 -210 -329 -172 -238 -336 -404
Sale of Property, Plant & Equipment
0.77 102 158 0.44 0.51 -0.70 0.55 1.13 1.79 9.71
Sale and/or Maturity of Investments
8.94 0.50 0.55 5.47 0.77 1.55 0.60 0.61 0.56 0.56
Other Investing Activities, net
-83 -285 -223 6.86 40 51 73 -9.33 94 -10
Net Cash From Financing Activities
-241 -244 -2,380 -949 -848 -828 -629 -494 350 -790
Net Cash From Continuing Financing Activities
-241 -244 -2,380 -949 -848 -828 -629 -494 350 -790
Repayment of Debt
-31 -99 -1,291 -15 -102 -30 -34 -1,537 58 -709
Repurchase of Common Equity
-307 -352 -484 -619 -566 -623 -507 -409 -323 -120
Payment of Dividends
-2.52 -3.86 -18 -144 -7.48 -8.00 -12 -83 -8.63 -85
Issuance of Debt
99 211 -586 -172 -173 -166 -77 1,534 623 123
Other Net Changes in Cash
-4.12 26 19 -18 -12 17 -18 -11 14 -12
Cash Interest Paid
82 162 92 158 51 151 48 163 50 144
Cash Income Taxes Paid
46 10 0.37 217 70 58 2.33 164 59 42

Annual Balance Sheets for MGM Resorts International

This table presents MGM Resorts International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
25,215 28,173 29,160 30,211 33,876 36,495 40,899 45,692 42,369 42,232
Total Current Assets
2,409 2,230 2,376 2,527 4,008 5,951 6,416 8,155 4,911 4,364
Cash & Equivalents
1,670 1,447 1,500 1,527 2,330 5,102 4,703 5,912 2,928 2,416
Accounts Receivable
481 543 542 657 613 317 584 852 929 1,071
Inventories, net
104 98 102 111 103 88 96 126 142 141
Prepaid Expenses
138 142 189 204 200 201 259 583 771 479
Current Deferred & Refundable Income Taxes
16 0.00 43 28 27 243 274 73 141 258
Plant, Property, & Equipment, net
15,372 18,425 19,635 20,730 18,286 14,632 14,435 5,224 5,450 6,196
Total Noncurrent Assets
7,435 7,519 7,148 6,954 11,583 15,912 20,047 32,314 32,008 31,672
Long-Term Investments
1,491 1,220 1,033 733 822 1,447 967 173 241 381
Goodwill
1,431 1,817 1,807 1,821 2,085 2,091 3,481 5,029 5,166 5,145
Intangible Assets
4,165 4,088 3,878 3,944 3,827 3,644 3,616 1,551 1,725 1,715
Noncurrent Deferred & Refundable Income Taxes
- - - - - - - - 0.00 40
Other Noncurrent Operating Assets
348 393 430 455 4,849 8,730 11,983 25,560 24,877 24,391
Total Liabilities & Shareholders' Equity
25,215 28,173 29,160 30,211 33,876 36,495 40,899 45,692 42,369 42,232
Total Liabilities
17,445 18,150 17,469 19,639 21,108 25,248 29,775 40,324 38,001 38,512
Total Current Liabilities
2,238 2,293 3,138 2,949 3,191 1,857 3,442 4,516 3,126 3,352
Accounts Payable
182 250 255 303 235 143 286 370 462 413
Other Current Liabilities
1,562 1,865 2,589 2,463 2,834 1,575 1,983 2,236 2,604 2,869
Other Current Nonoperating Liabilities
166 159 136 140 122 139 173 623 60 70
Total Noncurrent Liabilities
15,207 15,856 14,331 16,690 17,917 23,392 26,333 35,808 34,875 35,160
Long-Term Debt
12,368 12,979 12,751 15,347 11,532 12,849 12,091 7,433 6,344 6,362
Noncurrent Deferred & Payable Income Tax Liabilities
2,681 2,551 1,295 1,343 2,107 2,153 2,439 2,969 2,861 2,812
Other Noncurrent Operating Liabilities
158 326 284 0.00 4,278 8,390 11,802 25,406 25,670 25,986
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
6.25 54 80 102 105 67 148 158 33 35
Total Equity & Noncontrolling Interests
7,764 9,969 11,611 10,470 12,663 11,180 10,977 5,210 4,334 3,685
Total Preferred & Common Equity
5,120 6,220 7,577 6,512 7,727 6,505 6,071 4,832 3,811 3,023
Total Common Equity
5,120 6,220 7,577 6,512 7,727 6,505 6,071 4,832 3,811 3,023
Common Stock
5,662 5,659 5,363 4,097 3,536 3,444 1,755 3.79 3.27 2.94
Retained Earnings
-556 546 2,217 2,423 4,201 3,091 4,341 4,794 3,664 3,082
Accumulated Other Comprehensive Income / (Loss)
14 15 -3.61 -8.56 -10 -31 -25 33 144 -61
Noncontrolling Interest
2,645 3,749 4,034 3,958 4,936 4,675 4,906 379 523 662

Quarterly Balance Sheets for MGM Resorts International

This table presents MGM Resorts International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
47,330 45,692 43,542 42,906 42,572 42,369 42,079 41,815 42,741 42,232
Total Current Assets
8,783 8,155 6,231 5,617 5,259 4,911 4,574 4,409 4,832 4,364
Cash & Equivalents
5,295 5,912 4,505 3,843 3,316 2,928 2,722 2,414 2,951 2,416
Accounts Receivable
710 852 753 704 812 929 924 1,017 965 1,071
Inventories, net
113 126 129 131 136 142 147 148 145 141
Prepaid Expenses
407 583 842 809 835 771 688 623 560 479
Current Deferred & Refundable Income Taxes
233 73 2.06 129 160 141 92 208 213 258
Plant, Property, & Equipment, net
5,089 5,224 5,141 5,233 5,257 5,450 5,630 5,716 5,950 6,196
Total Noncurrent Assets
33,458 32,314 32,170 32,055 32,056 32,008 31,875 31,691 31,958 31,672
Long-Term Investments
186 173 154 157 232 241 246 238 414 381
Goodwill
4,945 5,029 5,025 5,029 5,143 5,166 5,153 5,153 5,176 5,145
Intangible Assets
2,806 1,551 1,756 1,734 1,733 1,725 1,686 1,658 1,777 1,715
Noncurrent Deferred & Refundable Income Taxes
- - - - - 0.00 - - - 40
Other Noncurrent Operating Assets
25,521 25,560 25,236 25,135 24,948 24,877 24,790 24,641 24,592 24,391
Total Liabilities & Shareholders' Equity
47,330 45,692 43,542 42,906 42,572 42,369 42,079 41,815 42,741 42,232
Total Liabilities
41,368 40,324 38,310 38,061 38,111 38,001 38,019 37,969 38,886 38,512
Total Current Liabilities
5,896 4,516 2,844 2,749 2,962 3,126 3,034 3,000 3,887 3,352
Accounts Payable
404 370 347 359 413 462 448 402 392 413
Other Current Liabilities
2,068 2,236 2,280 2,295 2,435 2,604 2,471 2,541 2,708 2,869
Other Current Nonoperating Liabilities
2,072 623 114 60 115 60 115 58 112 70
Total Noncurrent Liabilities
35,473 35,808 35,466 35,311 35,149 34,875 34,986 34,969 34,999 35,160
Long-Term Debt
7,210 7,433 6,841 6,674 6,506 6,344 6,270 6,293 6,234 6,362
Noncurrent Deferred & Payable Income Tax Liabilities
2,847 2,969 3,009 3,007 2,991 2,861 2,850 2,797 2,793 2,812
Other Noncurrent Operating Liabilities
25,416 25,406 25,616 25,631 25,653 25,670 25,866 25,879 25,973 25,986
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
137 158 9.66 9.72 33 33 32 32 33 35
Total Equity & Noncontrolling Interests
5,825 5,210 5,222 4,835 4,429 4,334 4,027 3,814 3,822 3,685
Total Preferred & Common Equity
4,842 4,832 4,840 4,416 3,966 3,811 3,457 3,213 3,232 3,023
Total Common Equity
4,842 4,832 4,840 4,416 3,966 3,811 3,457 3,213 3,232 3,023
Common Stock
3.89 3.79 3.67 3.53 3.41 3.27 3.15 3.05 2.97 2.94
Retained Earnings
4,872 4,794 4,799 4,383 3,963 3,664 3,394 3,172 3,037 3,082
Accumulated Other Comprehensive Income / (Loss)
-34 33 37 30 -0.62 144 60 37 192 -61
Noncontrolling Interest
983 379 382 419 463 523 571 601 590 662

Annual Metrics and Ratios for MGM Resorts International

This table displays calculated financial ratios and metrics derived from MGM Resorts International's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-8.85% 3.14% 13.92% 8.94% 9.66% -59.98% 87.52% 35.61% 23.13% 6.66%
EBITDA Growth
-70.33% 360.31% -6.56% -1.26% 92.11% -91.87% 742.40% 45.22% -44.65% -12.84%
EBIT Growth
-120.25% 885.14% -16.54% -13.87% 163.24% -122.60% 370.79% -33.72% 28.98% -19.28%
NOPAT Growth
-126.70% 1,967.43% 82.25% -63.64% 126.48% -114.67% 518.87% -82.52% 412.94% -15.89%
Net Income Growth
-917.48% 218.87% 68.97% -72.04% 279.24% -159.61% 191.55% -82.89% 536.06% -19.04%
EPS Growth
-164.52% 334.15% 73.96% -75.75% 379.01% -152.06% 219.31% 44.81% -8.60% -24.76%
Operating Cash Flow Growth
-140.94% 431.37% 43.84% -21.93% 5.10% -182.47% 191.99% 27.89% 53.19% -12.20%
Free Cash Flow Firm Growth
-26.30% -321.61% 304.46% -114.20% 2,062.27% -44.38% -56.90% 679.07% -80.02% -20.73%
Invested Capital Growth
-3.08% 17.35% 8.29% 7.39% -10.79% -16.86% 3.01% -55.99% -5.17% -3.25%
Revenue Q/Q Growth
-2.06% 3.18% 1.06% 4.03% 1.04% -24.68% 19.26% 4.25% 5.09% -0.17%
EBITDA Q/Q Growth
-70.27% 114.14% -2.01% 7.42% 100.68% -88.74% 26.44% 21.18% -24.34% -4.31%
EBIT Q/Q Growth
-120.55% 317.54% -4.07% 8.89% 211.82% -135.36% 46.99% -14.08% 20.13% -6.74%
NOPAT Q/Q Growth
-122.74% 385.83% 192.26% -71.21% 387.77% -123.35% 43.90% -69.30% 108.82% -10.39%
Net Income Q/Q Growth
-810.26% 503.16% 182.92% -70.76% 1,336.14% -209.81% 89.90% -67.84% 113.71% -11.75%
EPS Q/Q Growth
-1,071.43% 336.36% 227.45% -74.77% 38,700.00% -174.26% 83.97% 21.18% 4.59% -14.89%
Operating Cash Flow Q/Q Growth
-154.74% 1,111.27% 10.49% -17.58% 7.56% -87.73% 113.51% -3.49% 12.21% -1.84%
Free Cash Flow Firm Q/Q Growth
272.94% -10.13% 347.28% -114.17% 1,674.39% -61.47% 108.47% 1.05% -11.03% 3.77%
Invested Capital Q/Q Growth
-7.39% 1.58% 5.70% 0.70% -11.33% -0.51% -1.19% -11.79% 0.92% -2.08%
Profitability Metrics
- - - - - - - - - -
Gross Margin
43.25% 40.28% 43.02% 41.18% 41.06% 33.11% 48.03% 49.32% 47.08% 45.51%
EBITDA Margin
6.72% 29.99% 24.60% 22.30% 39.06% 7.94% 35.66% 38.19% 17.17% 14.03%
Operating Margin
-1.70% 21.93% 15.86% 12.49% 30.55% -12.45% 23.54% 10.96% 11.70% 8.65%
EBIT Margin
-2.71% 20.60% 15.09% 11.93% 28.64% -16.18% 23.36% 11.42% 11.96% 9.05%
Profit (Net Income) Margin
-11.31% 13.04% 19.34% 4.96% 17.17% -25.57% 12.48% 1.57% 8.13% 6.18%
Tax Burden Percent
99.37% 98.27% 217.34% 92.10% 77.79% 87.33% 82.66% 22.87% 89.28% 95.30%
Interest Burden Percent
420.75% 64.41% 58.96% 45.17% 77.05% 180.99% 64.64% 60.30% 76.19% 71.59%
Effective Tax Rate
0.00% 1.73% -117.34% 7.90% 22.21% 0.00% 17.34% 77.13% 10.72% 4.70%
Return on Invested Capital (ROIC)
-0.62% 10.76% 17.43% 5.88% 13.59% -2.31% 10.49% 2.51% 21.62% 18.99%
ROIC Less NNEP Spread (ROIC-NNEP)
-9.87% 2.76% 1.86% -0.59% 5.77% -13.96% 0.51% -0.01% 8.92% 8.63%
Return on Net Nonoperating Assets (RNNOA)
-12.89% 3.13% 1.80% -0.63% 5.39% -8.68% 0.31% 0.00% 5.39% 7.34%
Return on Equity (ROE)
-13.50% 13.89% 19.23% 5.25% 18.98% -10.99% 10.80% 2.51% 27.01% 26.33%
Cash Return on Invested Capital (CROIC)
2.51% -5.21% 9.47% -1.25% 24.99% 16.10% 7.53% 80.27% 26.93% 22.29%
Operating Return on Assets (OROA)
-0.96% 7.31% 5.68% 4.73% 11.53% -2.37% 5.84% 3.46% 4.39% 3.69%
Return on Assets (ROA)
-4.01% 4.63% 7.28% 1.97% 6.91% -3.75% 3.12% 0.48% 2.99% 2.52%
Return on Common Equity (ROCE)
-8.08% 8.85% 12.22% 3.32% 11.58% -6.51% 6.07% 1.66% 23.98% 22.25%
Return on Equity Simple (ROE_SIMPLE)
-20.31% 19.87% 27.56% 8.97% 28.66% -20.29% 19.91% 4.28% 34.50% 35.21%
Net Operating Profit after Tax (NOPAT)
-109 2,042 3,722 1,353 3,065 -450 1,884 329 1,689 1,420
NOPAT Margin
-1.19% 21.55% 34.47% 11.50% 23.76% -8.71% 19.46% 2.51% 10.45% 8.24%
Net Nonoperating Expense Percent (NNEP)
9.26% 7.99% 15.57% 6.47% 7.81% 11.65% 9.98% 2.51% 12.71% 10.36%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 2.36% 15.82% 14.14%
Cost of Revenue to Revenue
56.75% 59.72% 56.98% 58.82% 58.94% 66.89% 51.97% 50.68% 52.92% 54.49%
SG&A Expenses to Revenue
17.23% 17.84% 17.75% 18.57% 19.89% 50.03% 30.27% 35.85% 32.25% 31.01%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
44.95% 18.35% 27.16% 28.69% 10.51% 45.56% 24.49% 38.36% 35.38% 36.87%
Earnings before Interest and Taxes (EBIT)
-249 1,952 1,630 1,404 3,695 -835 2,261 1,499 1,933 1,560
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
617 2,842 2,656 2,623 5,038 410 3,452 5,014 2,775 2,419
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.36 2.51 2.39 1.91 2.20 2.39 3.47 2.67 4.00 3.41
Price to Tangible Book Value (P/TBV)
0.00 49.52 9.57 16.68 9.36 20.21 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.32 1.65 1.68 1.06 1.32 3.01 2.17 0.98 0.94 0.60
Price to Earnings (P/E)
0.00 14.19 9.28 26.68 8.29 0.00 16.77 8.74 13.36 13.82
Dividend Yield
0.00% 0.00% 1.38% 2.03% 1.58% 0.50% 0.02% 0.03% 0.00% 0.00%
Earnings Yield
0.00% 7.05% 10.78% 3.75% 12.06% 0.00% 5.96% 11.44% 7.48% 7.24%
Enterprise Value to Invested Capital (EV/IC)
1.39 1.45 1.47 1.24 1.43 1.50 1.81 2.00 2.50 1.98
Enterprise Value to Revenue (EV/Rev)
2.64 3.14 3.02 2.52 2.36 5.15 3.41 1.22 1.18 0.85
Enterprise Value to EBITDA (EV/EBITDA)
39.32 10.46 12.28 11.30 6.04 64.90 9.56 3.20 6.84 6.03
Enterprise Value to EBIT (EV/EBIT)
0.00 15.23 20.01 21.12 8.23 0.00 14.60 10.71 9.83 9.34
Enterprise Value to NOPAT (EV/NOPAT)
0.00 14.56 8.76 21.91 9.92 0.00 17.53 48.74 11.25 10.26
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 19.39 14.78 17.21 16.80 0.00 24.04 9.14 7.06 6.17
Enterprise Value to Free Cash Flow (EV/FCFF)
54.39 0.00 16.12 0.00 5.40 8.48 24.43 1.52 9.03 8.74
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.63 1.30 1.10 1.46 0.90 1.14 1.18 1.62 1.45 1.71
Long-Term Debt to Equity
1.59 1.29 1.09 1.45 0.90 1.14 1.09 1.38 1.45 1.71
Financial Leverage
1.31 1.13 0.97 1.07 0.93 0.62 0.60 0.59 0.60 0.85
Leverage Ratio
3.36 3.00 2.64 2.67 2.75 2.93 3.46 5.25 9.04 10.46
Compound Leverage Factor
14.16 1.93 1.56 1.20 2.12 5.30 2.24 3.17 6.89 7.49
Debt to Total Capital
62.03% 56.44% 52.48% 59.28% 47.46% 53.33% 54.06% 61.89% 59.23% 63.10%
Short-Term Debt to Total Capital
1.60% 0.04% 0.64% 0.17% 0.00% 0.00% 4.13% 9.13% 0.00% 0.00%
Long-Term Debt to Total Capital
60.43% 56.40% 51.83% 59.11% 47.46% 53.33% 49.93% 52.76% 59.23% 63.10%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
12.95% 16.53% 16.72% 15.64% 20.74% 19.68% 20.87% 3.81% 5.19% 6.91%
Common Equity to Total Capital
25.02% 27.03% 30.80% 25.08% 31.80% 27.00% 25.07% 34.30% 35.58% 29.99%
Debt to EBITDA
20.56 4.57 4.86 5.87 2.29 31.35 3.79 1.74 2.29 2.63
Net Debt to EBITDA
15.44 3.63 3.91 5.01 1.66 15.37 2.00 0.53 1.14 1.47
Long-Term Debt to EBITDA
20.03 4.57 4.80 5.85 2.29 31.35 3.50 1.48 2.29 2.63
Debt to NOPAT
-116.10 6.36 3.47 11.37 3.76 -28.57 6.95 26.48 3.76 4.48
Net Debt to NOPAT
-87.19 5.05 2.79 9.70 2.73 -14.01 3.67 8.00 1.88 2.51
Long-Term Debt to NOPAT
-113.09 6.36 3.43 11.34 3.76 -28.57 6.42 22.58 3.76 4.48
Altman Z-Score
0.73 1.11 1.25 1.02 1.43 0.69 1.08 0.83 0.94 0.82
Noncontrolling Interest Sharing Ratio
40.19% 36.27% 36.46% 36.71% 38.99% 40.74% 43.79% 33.90% 11.23% 15.49%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.08 0.97 0.76 0.86 1.26 3.21 1.86 1.81 1.57 1.30
Quick Ratio
0.96 0.87 0.65 0.74 0.92 2.92 1.54 1.50 1.23 1.04
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
446 -989 2,023 -287 5,637 3,136 1,351 10,529 2,104 1,668
Operating Cash Flow to CapEx
-31.73% 67.92% 118.41% 117.88% 0.00% 0.00% 0.00% 0.00% 347.71% 207.71%
Free Cash Flow to Firm to Interest Expense
0.56 -1.42 3.02 -0.37 6.65 4.64 1.69 17.70 4.57 3.76
Operating Cash Flow to Interest Expense
-0.58 2.21 3.30 2.24 2.14 -2.21 1.72 2.95 5.85 5.33
Operating Cash Flow Less CapEx to Interest Expense
-2.41 -1.04 0.51 0.34 6.16 1.03 6.10 9.21 4.16 2.76
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.35 0.36 0.38 0.40 0.40 0.15 0.25 0.30 0.37 0.41
Accounts Receivable Turnover
19.27 18.52 19.90 19.61 20.32 11.11 21.50 18.28 18.15 17.24
Inventory Turnover
50.09 56.06 61.52 64.93 71.15 36.11 54.47 59.82 63.89 66.56
Fixed Asset Turnover
0.62 0.56 0.57 0.58 0.66 0.31 0.67 1.34 3.03 2.96
Accounts Payable Turnover
30.12 26.18 24.34 24.82 28.27 18.27 23.47 20.28 20.57 21.49
Days Sales Outstanding (DSO)
18.94 19.71 18.34 18.61 17.97 32.85 16.98 19.96 20.11 21.18
Days Inventory Outstanding (DIO)
7.29 6.51 5.93 5.62 5.13 10.11 6.70 6.10 5.71 5.48
Days Payable Outstanding (DPO)
12.12 13.94 14.99 14.71 12.91 19.98 15.55 18.00 17.74 16.99
Cash Conversion Cycle (CCC)
14.11 12.27 9.28 9.52 10.18 22.98 8.12 8.07 8.08 9.67
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
17,472 20,503 22,202 23,843 21,271 17,685 18,218 8,018 7,603 7,356
Invested Capital Turnover
0.52 0.50 0.51 0.51 0.57 0.27 0.54 1.00 2.07 2.31
Increase / (Decrease) in Invested Capital
-556 3,032 1,699 1,641 -2,572 -3,585 532 -10,200 -415 -247
Enterprise Value (EV)
24,279 29,739 32,603 29,645 30,415 26,598 33,015 16,048 18,993 14,579
Market Capitalization
12,094 15,615 18,113 12,454 16,994 15,556 21,041 12,876 15,262 10,317
Book Value per Share
$9.09 $10.85 $13.38 $12.35 $15.00 $13.17 $12.94 $12.58 $11.16 $10.15
Tangible Book Value per Share
($0.84) $0.55 $3.34 $1.42 $3.53 $1.56 ($2.19) ($4.55) ($9.01) ($12.89)
Total Capital
20,467 23,011 24,600 25,963 24,300 24,095 24,215 14,088 10,711 10,082
Total Debt
12,697 12,988 12,909 15,391 11,532 12,849 13,091 8,719 6,344 6,362
Total Long-Term Debt
12,368 12,979 12,751 15,347 11,532 12,849 12,091 7,433 6,344 6,362
Net Debt
9,535 10,321 10,376 13,131 8,381 6,300 6,921 2,634 3,175 3,566
Capital Expenditures (CapEx)
1,459 2,259 1,863 1,461 -3,415 -2,191 -3,504 -3,721 774 1,137
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,171 -1,502 -2,104 -1,905 -1,513 -1,008 -1,229 -987 -1,143 -1,404
Debt-free Net Working Capital (DFNWC)
499 -55 -604 -379 816 4,094 3,974 4,925 1,785 1,012
Net Working Capital (NWC)
171 -64 -762 -422 816 4,094 2,974 3,639 1,785 1,012
Net Nonoperating Expense (NNE)
930 806 1,634 769 851 870 675 123 374 356
Net Nonoperating Obligations (NNO)
9,701 10,480 10,512 13,271 8,503 6,439 7,093 2,649 3,235 3,636
Total Depreciation and Amortization (D&A)
866 890 1,026 1,219 1,344 1,245 1,191 3,515 842 858
Debt-free, Cash-free Net Working Capital to Revenue
-12.74% -15.85% -19.49% -16.20% -11.73% -19.52% -12.70% -7.52% -7.07% -8.14%
Debt-free Net Working Capital to Revenue
5.43% -0.59% -5.59% -3.22% 6.33% 79.31% 41.05% 37.52% 11.04% 5.87%
Net Working Capital to Revenue
1.86% -0.67% -7.06% -3.59% 6.33% 79.31% 30.72% 27.72% 11.04% 5.87%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.82) $1.94 $3.39 $0.82 $3.90 ($2.02) $2.44 $3.52 $3.22 $2.42
Adjusted Weighted Average Basic Shares Outstanding
564.86M 574.20M 572.25M 544.25M 524.17M 494.15M 481.93M 409.20M 354.93M 307.41M
Adjusted Diluted Earnings per Share
($0.82) $1.92 $3.35 $0.81 $3.88 ($2.02) $2.41 $3.49 $3.19 $2.40
Adjusted Weighted Average Diluted Shares Outstanding
564.86M 574.20M 578.80M 549.54M 527.65M 494.15M 487.36M 412.99M 358.63M 310.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $3.90 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
564.86M 574.20M 566.37M 536.92M 492.43M 494.85M 439.17M 373.91M 319.68M 285.55M
Normalized Net Operating Profit after Tax (NOPAT)
788 1,238 1,179 1,217 2,972 -1,524 522 -473 1,745 1,514
Normalized NOPAT Margin
8.57% 13.06% 10.92% 10.35% 23.04% -29.53% 5.39% -3.61% 10.79% 8.78%
Pre Tax Income Margin
-11.38% 13.27% 8.90% 5.39% 22.07% -29.28% 15.10% 6.88% 9.11% 6.48%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-0.31 2.81 2.44 1.82 4.36 -1.23 2.83 2.52 4.20 3.52
NOPAT to Interest Expense
-0.14 2.94 5.57 1.76 3.61 -0.66 2.36 0.55 3.67 3.20
EBIT Less CapEx to Interest Expense
-2.14 -0.44 -0.35 -0.08 8.38 2.01 7.21 8.77 2.52 0.95
NOPAT Less CapEx to Interest Expense
-1.97 -0.31 2.78 -0.14 7.64 2.58 6.74 6.81 1.99 0.64
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-29.55% 8.36% 20.23% 76.30% 22.34% -27.58% 27.22% 103.88% 13.47% 17.71%
Augmented Payout Ratio
-29.55% 14.44% 35.91% 296.09% 68.92% -54.38% 172.34% 1,446.31% 187.77% 145.26%

Quarterly Metrics and Ratios for MGM Resorts International

This table displays calculated financial ratios and metrics derived from MGM Resorts International's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
26.17% 17.51% 35.70% 20.75% 16.31% 21.81% 13.17% 9.77% 5.28% -0.66%
EBITDA Growth
-83.35% 133.57% 132.75% -77.65% 54.91% -58.27% -33.41% -3.67% 19.17% -17.04%
EBIT Growth
-158.31% -70.45% 520.98% -83.08% 131.61% 314.31% -41.56% -2.70% 21.79% -26.40%
NOPAT Growth
-146.84% -100.46% 633.53% -81.82% 147.72% 37,571.45% -26.35% 38.70% -25.86% -32.19%
Net Income Growth
-179.31% -375.67% 1,479.25% -84.99% 119.97% 218.62% -37.54% 16.12% 15.23% -37.33%
EPS Growth
-152.35% 321.05% 2,166.67% -86.90% 131.72% 17.50% -45.97% 9.09% 32.61% -44.68%
Operating Cash Flow Growth
-22.71% -13.05% 67.44% 12.59% 73.28% 69.18% -21.98% -17.77% -3.84% -6.20%
Free Cash Flow Firm Growth
854.66% 4,325.33% 2,819.39% -73.12% -77.89% -91.06% -95.54% -79.25% -85.26% -35.94%
Invested Capital Growth
-50.70% -55.99% -57.95% -22.06% -17.12% -5.17% -1.18% -0.92% -0.29% -3.25%
Revenue Q/Q Growth
4.63% 5.16% 7.82% 1.78% 0.79% 10.13% 0.18% -1.28% -3.33% 3.91%
EBITDA Q/Q Growth
-87.02% 336.02% -35.60% -38.69% -10.02% 17.45% 2.78% -11.32% 11.32% -18.24%
EBIT Q/Q Growth
-145.51% 109.71% 652.96% -49.14% -14.98% 27.27% 6.20% -15.32% 6.41% -23.09%
NOPAT Q/Q Growth
-141.60% 99.82% 41,027.52% -41.10% 9.21% 42.33% -19.55% 10.92% -41.62% 30.18%
Net Income Q/Q Growth
-165.39% 69.84% 249.96% -49.25% -13.00% 79.16% -21.04% -5.65% -13.66% -2.56%
EPS Q/Q Growth
-134.52% 155.17% 55.00% -55.65% -16.36% 104.35% -28.72% -10.45% 1.67% -14.75%
Operating Cash Flow Q/Q Growth
-21.80% 5.65% 66.37% -18.09% 20.35% 3.15% -23.28% -13.66% 40.74% 0.62%
Free Cash Flow Firm Q/Q Growth
-6.42% 18.37% 7.55% -77.43% -23.03% -52.12% -46.35% 4.94% -45.31% 108.04%
Invested Capital Q/Q Growth
-6.96% -11.79% -5.65% 0.65% -1.06% 0.92% -1.67% 0.92% -0.43% -2.08%
Profitability Metrics
- - - - - - - - - -
Gross Margin
49.63% 48.42% 48.45% 47.14% 47.21% 45.71% 46.14% 46.31% 44.66% 44.91%
EBITDA Margin
10.29% 42.65% 25.47% 15.34% 13.70% 14.61% 14.99% 13.46% 15.51% 12.20%
Operating Margin
-30.62% -0.05% 18.87% 9.42% 9.31% 9.58% 10.46% 9.84% 7.53% 6.71%
EBIT Margin
-31.07% 2.87% 20.03% 10.01% 8.44% 9.76% 10.34% 8.87% 9.77% 7.23%
Profit (Net Income) Margin
-31.06% -8.91% 12.39% 6.18% 5.33% 8.68% 6.84% 6.54% 5.84% 5.47%
Tax Burden Percent
89.43% 939.09% 74.32% 86.15% 94.45% 118.60% 87.28% 104.26% 82.28% 115.67%
Interest Burden Percent
111.79% -33.07% 83.21% 71.63% 66.86% 74.97% 75.73% 70.64% 72.62% 65.45%
Effective Tax Rate
0.00% 0.00% 25.68% 13.85% 5.55% -18.60% 12.72% -4.26% 17.72% -15.67%
Return on Invested Capital (ROIC)
-19.61% -0.04% 15.53% 13.84% 16.27% 23.52% 20.24% 23.08% 14.22% 17.89%
ROIC Less NNEP Spread (ROIC-NNEP)
-26.33% -6.58% 14.30% 10.90% 11.84% 19.52% 16.75% 18.10% 13.77% 14.99%
Return on Net Nonoperating Assets (RNNOA)
-14.52% -3.89% 9.67% 4.65% 7.04% 11.80% 10.36% 13.47% 11.14% 12.74%
Return on Equity (ROE)
-34.13% -3.92% 25.20% 18.49% 23.32% 35.32% 30.60% 36.55% 25.36% 30.62%
Cash Return on Invested Capital (CROIC)
75.71% 80.27% 88.78% 25.23% 28.45% 26.93% 22.06% 23.28% 21.36% 22.29%
Operating Return on Assets (OROA)
-8.82% 0.87% 6.90% 3.25% 2.89% 3.58% 4.03% 3.57% 3.95% 2.95%
Return on Assets (ROA)
-8.82% -2.70% 4.26% 2.01% 1.82% 3.19% 2.66% 2.63% 2.36% 2.23%
Return on Common Equity (ROCE)
-22.45% -2.59% 16.38% 15.40% 19.70% 31.36% 27.32% 32.09% 21.95% 25.88%
Return on Equity Simple (ROE_SIMPLE)
13.28% 0.00% 14.91% -14.89% 15.52% 0.00% 32.83% 36.54% 37.32% 0.00%
Net Operating Profit after Tax (NOPAT)
-732 -1.33 543 320 349 497 400 444 259 337
NOPAT Margin
-21.43% -0.04% 14.02% 8.12% 8.79% 11.37% 9.13% 10.26% 6.19% 7.76%
Net Nonoperating Expense Percent (NNEP)
6.72% 6.54% 1.23% 2.94% 4.44% 4.00% 3.49% 4.98% 0.44% 2.89%
Return On Investment Capital (ROIC_SIMPLE)
- -0.01% - - - 4.66% - - - 3.36%
Cost of Revenue to Revenue
50.37% 51.58% 51.55% 52.86% 52.79% 54.29% 53.86% 53.69% 55.35% 55.09%
SG&A Expenses to Revenue
38.93% 37.29% 32.61% 32.00% 33.08% 31.41% 30.21% 30.85% 31.12% 31.85%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
80.24% 48.49% 29.58% 37.72% 37.90% 36.13% 35.69% 36.48% 37.13% 38.21%
Earnings before Interest and Taxes (EBIT)
-1,061 103 776 395 335 427 453 384 409 314
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
351 1,532 987 605 544 639 657 583 649 530
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.41 2.67 3.43 3.62 3.25 4.00 4.67 4.34 3.67 3.41
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.93 0.98 1.17 1.08 0.84 0.94 0.97 0.82 0.69 0.60
Price to Earnings (P/E)
8.85 8.74 8.48 42.63 11.59 13.36 18.06 15.86 13.16 13.82
Dividend Yield
0.03% 0.03% 0.02% 0.02% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
11.30% 11.44% 11.79% 2.35% 8.63% 7.48% 5.54% 6.31% 7.60% 7.24%
Enterprise Value to Invested Capital (EV/IC)
1.75 2.00 2.54 2.51 2.17 2.50 2.68 2.41 2.14 1.98
Enterprise Value to Revenue (EV/Rev)
1.26 1.22 1.36 1.29 1.06 1.18 1.20 1.07 0.93 0.85
Enterprise Value to EBITDA (EV/EBITDA)
3.84 3.20 3.45 5.50 4.46 6.84 8.19 7.52 6.35 6.03
Enterprise Value to EBIT (EV/EBIT)
9.10 10.71 8.94 90.01 10.16 9.83 12.44 11.38 9.59 9.34
Enterprise Value to NOPAT (EV/NOPAT)
14.81 48.74 20.91 502.45 20.22 11.25 12.76 10.75 10.12 10.26
Enterprise Value to Operating Cash Flow (EV/OCF)
8.73 9.14 9.42 9.08 6.82 7.06 7.90 7.48 6.67 6.17
Enterprise Value to Free Cash Flow (EV/FCFF)
1.52 1.52 1.69 8.72 6.92 9.03 12.07 10.32 9.98 8.74
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.44 1.62 1.31 1.38 1.46 1.45 1.54 1.64 1.79 1.71
Long-Term Debt to Equity
1.21 1.38 1.31 1.38 1.46 1.45 1.54 1.64 1.62 1.71
Financial Leverage
0.55 0.59 0.68 0.43 0.59 0.60 0.62 0.74 0.81 0.85
Leverage Ratio
5.00 5.25 5.39 7.50 8.63 9.04 9.22 9.75 10.26 10.46
Compound Leverage Factor
5.59 -1.74 4.49 5.37 5.77 6.78 6.98 6.89 7.45 6.85
Debt to Total Capital
58.95% 61.89% 56.80% 58.07% 59.32% 59.23% 60.70% 62.06% 64.19% 63.10%
Short-Term Debt to Total Capital
9.31% 9.13% 0.30% 0.30% 0.00% 0.00% 0.00% 0.00% 6.27% 0.00%
Long-Term Debt to Total Capital
49.64% 52.76% 56.50% 57.76% 59.32% 59.23% 60.70% 62.06% 57.92% 63.10%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
7.71% 3.81% 3.24% 3.71% 4.52% 5.19% 5.84% 6.25% 5.79% 6.91%
Common Equity to Total Capital
33.34% 34.30% 39.97% 38.22% 36.16% 35.58% 33.47% 31.69% 30.03% 29.99%
Debt to EBITDA
2.07 1.74 1.23 1.93 1.77 2.29 2.56 2.60 2.73 2.63
Net Debt to EBITDA
0.74 0.53 0.40 0.78 0.81 1.14 1.35 1.50 1.40 1.47
Long-Term Debt to EBITDA
1.74 1.48 1.23 1.92 1.77 2.29 2.56 2.60 2.47 2.63
Debt to NOPAT
7.98 26.48 7.48 176.35 8.04 3.76 3.99 3.71 4.36 4.48
Net Debt to NOPAT
2.87 8.00 2.41 71.20 3.66 1.88 2.10 2.15 2.24 2.51
Long-Term Debt to NOPAT
6.72 22.58 7.44 175.43 8.04 3.76 3.99 3.71 3.93 4.48
Altman Z-Score
0.58 0.73 0.89 0.85 0.79 0.83 0.84 0.81 0.74 0.72
Noncontrolling Interest Sharing Ratio
34.22% 33.90% 35.02% 16.71% 15.50% 11.23% 10.71% 12.23% 13.45% 15.49%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.49 1.81 2.19 2.04 1.78 1.57 1.51 1.47 1.24 1.30
Quick Ratio
1.02 1.50 1.85 1.65 1.39 1.23 1.20 1.14 1.01 1.04
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
8,616 10,199 10,968 2,475 1,905 912 489 514 281 584
Operating Cash Flow to CapEx
182.94% 205.21% 0.00% 227.91% 331.70% 217.31% 320.21% 200.01% 199.56% 170.31%
Free Cash Flow to Firm to Interest Expense
68.83 74.37 84.18 22.11 17.14 8.53 4.45 4.55 2.51 5.38
Operating Cash Flow to Interest Expense
3.20 3.09 5.40 5.15 6.24 6.70 4.99 4.21 5.97 6.18
Operating Cash Flow Less CapEx to Interest Expense
1.45 1.58 5.54 2.89 4.36 3.62 3.43 2.10 2.98 2.55
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.28 0.30 0.34 0.32 0.34 0.37 0.39 0.40 0.40 0.41
Accounts Receivable Turnover
20.28 18.28 21.01 21.60 20.21 18.15 19.89 19.83 19.44 17.24
Inventory Turnover
61.34 59.82 62.22 62.23 64.46 63.89 64.60 65.70 66.79 66.56
Fixed Asset Turnover
1.28 1.34 1.47 2.89 2.97 3.03 3.10 3.12 3.08 2.96
Accounts Payable Turnover
18.80 20.28 22.85 21.32 19.67 20.57 22.42 24.07 23.30 21.49
Days Sales Outstanding (DSO)
18.00 19.96 17.37 16.90 18.06 20.11 18.35 18.41 18.78 21.18
Days Inventory Outstanding (DIO)
5.95 6.10 5.87 5.87 5.66 5.71 5.65 5.56 5.46 5.48
Days Payable Outstanding (DPO)
19.42 18.00 15.98 17.12 18.55 17.74 16.28 15.16 15.66 16.99
Cash Conversion Cycle (CCC)
4.53 8.07 7.26 5.65 5.16 8.08 7.73 8.80 8.58 9.67
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
9,089 8,018 7,565 7,614 7,534 7,603 7,476 7,544 7,512 7,356
Invested Capital Turnover
0.91 1.00 1.11 1.71 1.85 2.07 2.22 2.25 2.30 2.31
Increase / (Decrease) in Invested Capital
-9,348 -10,200 -10,425 -2,155 -1,556 -415 -89 -70 -22 -247
Enterprise Value (EV)
15,882 16,048 19,220 19,116 16,352 18,993 20,030 18,214 16,042 14,579
Market Capitalization
11,682 12,876 16,609 15,978 12,899 15,262 16,126 13,940 11,874 10,317
Book Value per Share
$12.32 $12.58 $12.94 $12.14 $11.30 $11.16 $10.79 $10.24 $10.64 $10.15
Tangible Book Value per Share
($7.40) ($4.55) ($5.19) ($6.45) ($8.29) ($9.01) ($10.55) ($11.47) ($12.25) ($12.89)
Total Capital
14,523 14,088 12,110 11,554 10,967 10,711 10,329 10,139 10,764 10,082
Total Debt
8,561 8,719 6,878 6,709 6,506 6,344 6,270 6,293 6,909 6,362
Total Long-Term Debt
7,210 7,433 6,841 6,674 6,506 6,344 6,270 6,293 6,234 6,362
Net Debt
3,080 2,634 2,219 2,709 2,957 3,175 3,301 3,641 3,545 3,566
Capital Expenditures (CapEx)
219 206 -18 253 209 329 172 237 334 394
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,056 -987 -1,082 -941 -1,019 -1,143 -1,182 -1,005 -1,330 -1,404
Debt-free Net Working Capital (DFNWC)
4,239 4,925 3,423 2,903 2,297 1,785 1,540 1,409 1,621 1,012
Net Working Capital (NWC)
2,888 3,639 3,387 2,868 2,297 1,785 1,540 1,409 946 1,012
Net Nonoperating Expense (NNE)
329 319 63 76 138 118 100 161 15 99
Net Nonoperating Obligations (NNO)
3,128 2,649 2,333 2,769 3,072 3,235 3,416 3,698 3,657 3,636
Total Depreciation and Amortization (D&A)
1,413 1,429 211 210 209 212 204 199 240 216
Debt-free, Cash-free Net Working Capital to Revenue
-8.39% -7.52% -7.65% -6.35% -6.63% -7.07% -7.09% -5.89% -7.70% -8.14%
Debt-free Net Working Capital to Revenue
33.66% 37.52% 24.20% 19.58% 14.93% 11.04% 9.23% 8.26% 9.38% 5.87%
Net Working Capital to Revenue
22.93% 27.72% 23.94% 19.34% 14.93% 11.04% 9.23% 8.26% 5.48% 5.87%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($1.45) $0.79 $1.25 $0.56 $0.46 $0.95 $0.68 $0.60 $0.61 $0.53
Adjusted Weighted Average Basic Shares Outstanding
393.30M 409.20M 374.09M 361.05M 347.35M 354.93M 320.49M 311.18M 300.50M 307.41M
Adjusted Diluted Earnings per Share
($1.45) $0.80 $1.24 $0.55 $0.46 $0.94 $0.67 $0.60 $0.61 $0.52
Adjusted Weighted Average Diluted Shares Outstanding
393.30M 412.99M 378.10M 365.34M 351.39M 358.63M 323.76M 314.42M 303.48M 310.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
384.02M 373.91M 363.80M 350.89M 341.58M 319.68M 313.68M 303.77M 297.74M 285.55M
Normalized Net Operating Profit after Tax (NOPAT)
-720 28 599 334 328 289 422 322 253 236
Normalized NOPAT Margin
-21.08% 0.77% 15.46% 8.47% 8.26% 6.61% 9.63% 7.45% 6.05% 5.44%
Pre Tax Income Margin
-34.73% -0.95% 16.67% 7.17% 5.65% 7.32% 7.83% 6.27% 7.09% 4.73%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-8.48 0.75 5.96 3.53 3.02 3.99 4.12 3.41 3.65 2.89
NOPAT to Interest Expense
-5.85 -0.01 4.17 2.86 3.14 4.65 3.64 3.94 2.32 3.11
EBIT Less CapEx to Interest Expense
-10.23 -0.75 6.09 1.26 1.14 0.91 2.56 1.30 0.66 -0.74
NOPAT Less CapEx to Interest Expense
-7.60 -1.51 4.31 0.60 1.26 1.57 2.08 1.83 -0.67 -0.53
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
46.16% 103.88% 15.74% -25.54% 28.11% 13.47% 15.05% 9.40% 9.25% 17.71%
Augmented Payout Ratio
536.23% 1,446.31% 328.69% -293.52% 356.58% 187.77% 218.97% 188.62% 163.53% 145.26%

Frequently Asked Questions About MGM Resorts International's Financials

When does MGM Resorts International's financial year end?

According to the most recent income statement we have on file, MGM Resorts International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MGM Resorts International's net income changed over the last 9 years?

MGM Resorts International's net income appears to be on an upward trend, with a most recent value of $1.06 billion in 2024, falling from -$1.04 billion in 2015. The previous period was $1.31 billion in 2023.

What is MGM Resorts International's operating income?
MGM Resorts International's total operating income in 2024 was $1.49 billion, based on the following breakdown:
  • Total Gross Profit: $7.85 billion
  • Total Operating Expenses: $6.36 billion
How has MGM Resorts International revenue changed over the last 9 years?

Over the last 9 years, MGM Resorts International's total revenue changed from $9.19 billion in 2015 to $17.24 billion in 2024, a change of 87.6%.

How much debt does MGM Resorts International have?

MGM Resorts International's total liabilities were at $38.51 billion at the end of 2024, a 1.3% increase from 2023, and a 120.8% increase since 2015.

How much cash does MGM Resorts International have?

In the past 9 years, MGM Resorts International's cash and equivalents has ranged from $1.45 billion in 2016 to $5.91 billion in 2022, and is currently $2.42 billion as of their latest financial filing in 2024.

How has MGM Resorts International's book value per share changed over the last 9 years?

Over the last 9 years, MGM Resorts International's book value per share changed from 9.09 in 2015 to 10.15 in 2024, a change of 11.8%.



This page (NYSE:MGM) was last updated on 4/25/2025 by MarketBeat.com Staff
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