MGM Resorts International

NYSE-MGM

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	17,279	17,240.5	16,164.2	13,127.5	9,680.1	5,162.1	12,899.7	11,763.1	10,797.5	9,478.3	9,190.1
Total Revenues %Chg	0.1%	6.7%	23.1%	35.6%	87.5%	-60%	9.7%	8.9%	13.9%	3.1%	-15.3%
Casino
Rooms
Food and Beverage
Entertainment
Retail
Other
Entertainment, Retail and Other
Reimbursed Costs
Less: Promotional Allowances
Cost of Sales	9,600.5	9,393.5	8,553.6	6,653	5,030.6	3,452.7	7,603.5	6,918.9	6,193.1	5,521.2	5,625.4
Casino
Rooms
Food and Beverage
Entertainment
Retail
Other
Entertainment, Retail and Other
Reimbursed Costs
Gross Profit	7,678.5	7,847	7,610.7	6,474.5	4,649.5	1,709.4	5,296.2	4,844.2	4,604.4	3,957	3,564.7
Gross Profit Margin	44.4%	45.5%	47.1%	49.3%	48%	33.1%	41.1%	41.2%	42.6%	41.7%	38.8%
Selling, General & Administrative Expenses	5,394.8	5,345.5	5,213.1	4,705.7	2,930	2,582.5	2,565.9	2,183.8	1,916.4	1,691.2	1,583.7
General and Administrative
Corporate Expense
Depreciation & Amortization Expenses	948.4	831.1	814.1	3,482.1	1,150.6	1,210.6	1,304.6	1,178	993.5	849.5	819.9
Depreciation and Amortization
Other Operating Expenses	7.2	98.6	62.5	162.1	-79.7	-42.9	-112.3	3.7	-68.4	-248.9	1,281.4
Income from Unconsolidated Affiliates
NV Energy Exit Expense
Preopening and Start-Up Expenses
Restructuring Costs
Goodwill Impairment
Operating Profit	968.3	1,490.5	1,891.5	1,439.4	2,278.7	-642.4	3,940.2	1,469.5	1,712.5	2,078.2	-156.2
Operating Income
Operating Margin	5.6%	8.6%	11.7%	11%	23.5%	-12.4%	30.5%	12.5%	15.9%	21.9%	-1.7%
Interest and Investment Income	—	—	—	—	—	—	—	—	—	—	—
Interest Income
Interest Expense	-423.7	-443.2	-460.3	-595	-799.6	-676.4	-847.9	-769.5	-668.7	-694.8	-797.6
Interest Expense, Net of Amounts Capitalized
Non-Operating Income	297.5	11.5	-412.1	-3,374.1	-1,612.8	-1,205.7	-2,156.6	75.1	133.3	-287.2	128.4
Property Transactions, Net
Loss on CityCenter Transaction
Loss on MGM China Transaction
Loss on Borgata Transaction
Loss on REIT Transactions, Net
Loss on Consolidation of CityCenter, Net
Non-Operating Items from Unconsolidated Affiliates
Other, Net
Total Non-Operating Income	-126.2	-431.8	-872.4	-3,969.1	-2,412.4	-1,882.1	-3,004.6	-694.4	-535.5	-982	-669.2
Income Before Provision for Income Taxes	386.6	1,117.1	1,472.8	903.8	1,461.8	-1,511.5	2,846.7	634	960.8	1,257.6	-1,046.2
Income Before Income Taxes
Provision for Income Taxes	-10.6	-52.5	-157.8	-697.1	-253.4	191.6	-632.3	-50.1	1,127.4	-21.7	6.6
Benefit for Income Taxes
Consolidated Net Income	376	1,064.6	1,314.9	206.7	1,208.4	-1,319.9	2,214.4	583.9	2,088.2	1,235.8	-1,039.6
Net Income
Net Income Attributable to Minority Interests and Other	306.3	318.1	172.7	-1,266.4	-46	-287.2	165.2	117.1	136.1	135.4	-591.9
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	—	—
Income from Discontinued Operations
Gain on Disposal of Discontinued Operations
Provision for Income Taxes
Net Income Attributable to Common Shareholders	69.7	746.6	1,142.2	1,473.1	1,254.4	-1,032.7	2,049.1	466.8	1,952.1	1,100.4	-447.7
Net Income Attributable to MGM Resorts International
Basic EPS	0.2	2.4	3.2	3.5	2.4	-2	3.9	0.8	3.4	1.9	-0.8
Diluted EPS	0.2	2.4	3.2	3.5	2.4	-2	3.9	0.8	3.3	1.9	-0.8
Basic Weighted Average Shares Outstanding	282.7	307.4	354.9	409.2	481.9	494.2	524.2	544.3	572.3	568.1	542.9
Total Shares Outstanding	272.2	294.4	326.6	379.1	453.8	494.3	503.1	527.5	566.3	574.1	564.8
Diluted Weighted Average Shares Outstanding	284.2	310.2	358.6	413	487.4	494.2	527.6	549.5	578.8	573.3	542.9
EBITDA	2,455.7	2,864.2	3,249.6	5,391.8	3,658.6	785.9	5,283.8	2,688.6	2,739	2,968.2	709.9
Effective Tax Rate	-2.7%	-4.7%	-10.7%	-77.1%	-17.3%	-12.7%	-22.2%	-7.9%	117.3%	-1.7%	-0.6%