MGM Resorts International financial data

Symbol
MGM on NYSE
Industry
Hotels & Motels
Location
3600 Las Vegas Blvd S, Las Vegas, Nevada
State of incorporation
Delaware
Fiscal year end
December 31
Former names
MGM MIRAGE (to 5/19/2010), MGM GRAND INC (to 5/19/2000)
Latest financial report
Q1 2024 - May 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 172 % -0.29%
Quick Ratio 4.68 % +82.1%
Return On Equity 20.3 % -39.3%
Return On Assets 2.1 % -50.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 314M shares -13.8%
Common Stock, Shares, Outstanding 315M shares -14.2%
Entity Public Float 12.3B USD +50%
Common Stock, Value, Issued 3.15M USD -14.2%
Weighted Average Number of Shares Outstanding, Basic 320M shares -14.3%
Weighted Average Number of Shares Outstanding, Diluted 324M shares -14.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 16.7B USD +17.9%
Costs and Expenses 15B USD +26.5%
Operating Income (Loss) 1.62B USD -21.6%
Nonoperating Income (Expense) -449M USD -1.06%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.17B USD -27.8%
Income Tax Expense (Benefit) 35.7M USD -96%
Net Income (Loss) Attributable to Parent 893M USD -54.4%
Earnings Per Share, Basic 2.65 USD/shares -45.1%
Earnings Per Share, Diluted 2.62 USD/shares -45.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.72B USD -39.6%
Accounts Receivable, after Allowance for Credit Loss, Current 924M USD +22.7%
Inventory, Net 147M USD +14.5%
Assets, Current 4.57B USD -26.6%
Property, Plant and Equipment, Net 5.63B USD +9.52%
Operating Lease, Right-of-Use Asset 23.9B USD -2.06%
Intangible Assets, Net (Excluding Goodwill) 1.69B USD -3.98%
Goodwill 5.15B USD +2.55%
Other Assets, Noncurrent 889M USD +6.83%
Assets 42.1B USD -3.36%
Accounts Payable, Current 448M USD +29%
Employee-related Liabilities, Current 628M USD +31.4%
Liabilities, Current 3.03B USD +6.66%
Deferred Income Tax Liabilities, Net 2.85B USD -5.29%
Operating Lease, Liability, Noncurrent 25.1B USD -0.12%
Other Liabilities, Noncurrent 750M USD +59.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax 59.8M USD +62.5%
Retained Earnings (Accumulated Deficit) 3.39B USD -29.3%
Stockholders' Equity Attributable to Parent 3.46B USD -28.6%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.03B USD -22.9%
Liabilities and Equity 42.1B USD -3.36%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 549M USD -22%
Net Cash Provided by (Used in) Financing Activities -629M USD +73.6%
Net Cash Provided by (Used in) Investing Activities -108M USD -151%
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 315M shares -14.2%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -206M USD +85.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.81B USD -38.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 48.4M USD -47.6%
Deferred Tax Assets, Valuation Allowance 1.78B USD -38.4%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 25.2B USD -0.03%
Payments to Acquire Property, Plant, and Equipment 172M USD +23.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 916M USD -54.4%
Lessee, Operating Lease, Liability, to be Paid 57.9B USD -3.01%
Property, Plant and Equipment, Gross 10.5B USD +5.55%
Operating Lease, Liability, Current 78.6M USD +38.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.89B USD +1.59%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.86B USD +1.85%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) -8.2M USD -122%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 32.7B USD -5.18%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.91B USD +1.61%
Unrecognized Tax Benefits 8.59M USD +24.8%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.94B USD +131%
Operating Lease, Payments 456M USD +0.64%
Current State and Local Tax Expense (Benefit) 24.9M USD +140%
Current Federal Tax Expense (Benefit) 259M USD +25.5%
Amortization of Intangible Assets 103M USD -96.2%
Deferred Tax Assets, Net of Valuation Allowance 5.97B USD -0.34%
Interest Expense 440M USD -16.8%