MGM Resorts International (MGM) · 34 Years of Financial statements

Income Statement

Revenue

208

213

177

147

50

58

742

722

805

828

774

1,392

3,519

4,010

4,031

3,909

4,238

6,482

7,176

7,692

7,209

5,979

6,019

7,849

9,161

9,810

10,082

9,190

9,455

10,774

11,763

12,900

5,162

9,680

COGS

136

154

139

101

35

105

405

386

404

405

409

591

1,676

2,207

2,195

2,162

2,293

3,547

3,813

4,139

4,144

3,539

3,758

5,026

5,921

6,259

6,369

5,625

5,496

6,166

6,919

7,603

3,453

5,031

Gross Profit

72

59

37

46

15

(47)

337

336

401

422

365

801

1,843

1,802

1,836

1,747

1,945

2,935

3,363

3,552

3,065

2,439

2,262

2,823

3,240

3,551

3,713

3,565

3,959

4,608

4,844

5,296

1,709

4,650

Gross Profit Ratio

34.44%

27.51%

21.13%

31.45%

30.60%

(81.49)%

45.39%

46.51%

49.85%

51.04%

47.11%

57.56%

52.39%

44.95%

45.55%

44.69%

45.90%

45.28%

46.86%

46.19%

42.52%

40.80%

37.57%

35.96%

35.36%

36.20%

36.83%

38.79%

41.88%

42.77%

41.18%

41.06%

33.11%

48.03%

Operating Expenses

63

49

72

61

34

76

207

226

215

203

233

591

1,306

1,151

1,087

1,027

989

1,578

1,603

689

3,194

3,315

3,342

2,353

2,405

2,358

2,413

2,475

2,681

3,029

3,513

1,200

3,793

4,086

R&D Expenses

- -

Selling, G&A Exp.

53

38

56

46

22

65

159

167

150

137

155

462

981

712

706

695

697

1,105

1,228

1,426

1,279

2,626

2,709

1,536

1,475

1,495

1,558

1,584

1,691

1,917

2,184

2,566

2,582

2,930

General and Admin. Exp.

- -

159

167

150

137

155

462

981

712

706

695

697

1,105

1,228

1,426

1,279

2,626

2,709

1,536

1,475

1,495

1,558

1,584

1,691

1,917

2,184

2,566

2,582

2,930

Selling and Marketing Exp.

- -

Other Expenses

10

12

16

12

11

48

59

65

79

129

324

439

381

333

292

473

375

(738)

1,916

689

633

817

930

863

855

891

990

1,112

1,329

(1,366)

1,211

1,156

COGS and Expenses

199

204

211

162

69

181

612

618

608

642

1,182

2,981

3,358

3,282

3,189

3,282

5,125

5,417

4,828

7,338

6,854

7,100

7,379

8,326

8,616

8,781

8,100

8,177

9,195

10,432

8,803

7,246

9,116

Interest Income

- -

12

- -

Interest Expense

- -

775

1,114

1,087

1,116

857

817

798

695

669

770

848

676

800

Depreciation and Amortization

10

12

16

12

11

48

59

65

79

129

324

421

427

449

434

594

651

705

789

689

633

817

928

849

816

820

850

993

1,178

1,305

1,211

1,151

EBITDA

16

51

(19)

3

(9)

(106)

123

105

133

242

188

270

594

698

893

809

1,053

1,273

1,641

3,047

120

(548)

(469)

4,615

159

1,581

1,767

1,163

2,668

2,490

2,464

4,834

663

3,458

EBITDA ratio

7.89%

24.13%

(10.71)%

2.31%

(17.00)%

(183.91)%

16.55%

14.59%

16.50%

29.18%

24.29%

19.39%

16.88%

17.41%

22.16%

20.70%

24.84%

19.64%

22.87%

39.61%

1.66%

(9.16)%

(7.79)%

58.80%

1.74%

16.12%

17.52%

12.66%

28.22%

23.11%

20.95%

37.47%

12.84%

35.72%

Operating Income

9

(34)

(15)

(19)

(123)

130

110

187

220

132

210

538

628

767

713

951

1,357

1,758

2,864

(130)

(964)

(1,080)

(3,026)

81

1,112

1,324

(156)

2,080

1,715

1,469

3,940

(642)

2,279

Operating Income ratio

4.09%

4.32%

(19.38)%

(10.14)%

(37.20)%

(213.15)%

17.49%

15.18%

23.19%

26.53%

16.99%

15.08%

15.28%

15.66%

19.02%

18.24%

22.44%

20.94%

24.50%

37.23%

(1.80)%

(16.12)%

(17.95)%

(38.55)%

0.88%

11.33%

13.13%

(1.70)%

22.00%

15.92%

12.49%

30.55%

(12.45)%

23.54%

Total Other Income Exp.(Gains)

(2)

31

(1)

3

17

12

6

(4)

(88)

(39)

(22)

(60)

(263)

(350)

(300)

(359)

(395)

(678)

(780)

(706)

(539)

(1,049)

(1,136)

5,858

(1,815)

(1,024)

(913)

(890)

(821)

(752)

(835)

(1,093)

(869)

(817)

Income Before Tax

7

40

(35)

- -

99

180

110

150

275

278

466

354

556

679

978

2,158

(669)

(2,013)

(2,216)

2,832

(1,734)

88

411

(1,046)

1,259

964

634

2,847

(1,511)

1,462

Income Before Tax ratio

3.17%

18.64%

(19.66)%

- -

12.31%

21.79%

14.15%

10.79%

7.82%

6.92%

11.57%

9.05%

13.11%

10.47%

13.63%

28.06%

(9.28)%

(33.66)%

(36.82)%

36.07%

(18.93)%

0.89%

4.08%

(11.38)%

13.32%

8.95%

5.39%

22.07%

(29.28)%

15.10%

Income Tax Expense (Gain)

2

14

(11)

- -

25

65

41

55

109

107

174

117

206

236

342

758

186

(721)

(779)

(403)

(117)

31

284

(7)

22

(1,133)

50

632

(192)

253

Net Income

4

26

(24)

(12)

(20)

(118)

75

47

44

111

69

86

161

170

292

244

412

443

648

1,584

(855)

(1,292)

(1,437)

3,115

(1,768)

(157)

(150)

(448)

1,101

1,960

467

2,049

(1,033)

1,254

Net Income Ratio

2.07%

12.02%

(13.37)%

(8.30)%

(40.20)%

(203.46)%

10.04%

6.46%

5.43%

13.42%

8.90%

6.18%

4.57%

4.24%

7.25%

6.23%

9.73%

6.84%

9.03%

20.60%

(11.86)%

(21.61)%

(23.88)%

39.68%

(19.30)%

(1.60)%

(1.49)%

(4.87)%

11.65%

18.19%

3.97%

15.89%

(20.01)%

12.96%

EPS

0.06

0.30

(0.23)

(0.10)

(0.12)

(0.62)

0.38

0.24

0.20

0.48

0.31

0.37

0.56

0.54

0.93

0.82

1.48

1.56

2.29

5.52

(3.06)

(3.41)

(3.19)

6.37

(3.62)

(0.32)

(0.31)

(0.82)

1.94

3.38

0.82

3.90

(2.02)

2.53

EPS Diluted

0.06

0.30

(0.23)

(0.10)

(0.12)

(0.62)

0.38

0.24

0.20

0.47

0.30

0.36

0.55

0.53

0.92

0.81

1.43

1.50

2.22

5.31

(3.06)

(3.41)

(3.19)

5.62

(3.62)

(0.32)

(0.31)

(0.82)

1.92

3.34

0.81

3.88

(2.02)

2.50

Weighted Avg. Shares Outs.

72

84

100

122

168

190

196

194

217

230

223

233

290

317

316

297

280

284

283

287

280

379

450

489

490

491

543

568

572

544

524

494

478

Weighted Avg. Shares Outs. Dil.

72

84

100

122

168

190

196

197

217

235

225

240

295

320

303

289

296

292

298

280

379

450

561

489

490

491

543

573

579

550

528

494

484

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

- -

76

110

61

35

82

122

228

209

211

178

435

378

453

412

296

2,056

499

1,866

1,544

1,804

1,714

1,670

1,447

1,500

1,527

2,330

5,102

4,703

Short-Term Investments

- -

570

- -

Cash & Short-Term Investments

- -

76

110

61

35

82

122

228

209

211

178

435

378

453

412

296

2,056

499

1,866

1,544

1,804

2,284

1,670

1,447

1,500

1,527

2,330

5,102

4,703

Net Receivables

- -

96

79

81

79

69

83

237

156

140

149

204

353

382

412

368

753

498

492

444

488

497

543

583

686

1,375

560

858

Inventory

- -

17

11

14

17

11

15

86

78

84

65

70

112

118

126

112

102

96

113

108

104

98

102

111

103

88

96

Other Current Assets

- -

14

13

71

41

46

50

245

218

171

365

111

176

562

225

758

142

362

342

412

320

151

138

142

189

204

200

201

759

Total Current Assets

- -

204

213

227

171

208

270

796

662

605

758

820

1,019

1,515

1,175

1,533

3,054

1,456

2,813

2,507

2,719

3,027

2,409

2,230

2,375

2,527

4,008

5,951

6,416

PP&E

- -

880

904

885

1,033

1,328

2,391

9,064

8,892

8,762

8,681

8,914

16,542

17,430

16,824

16,289

15,070

14,554

14,867

14,195

14,055

14,442

15,372

18,425

19,635

20,730

22,678

22,919

25,928

Goodwill

- -

1,301

1,263

86

2,897

2,903

2,897

1,431

1,817

1,807

1,821

2,085

2,091

3,481

Intangible Assets

- -

1

41

40

39

38

37

54

103

256

268

233

1,692

367

360

4,643

344

343

5,048

4,738

4,512

4,365

4,165

4,088

3,878

3,944

3,827

3,644

3,616

Goodwill and Intangible Assets

- -

1

41

40

39

38

37

54

103

256

268

233

1,692

1,668

1,623

4,729

431

429

7,945

7,641

7,409

7,262

5,596

5,905

5,684

5,766

5,911

5,735

7,097

Investments

- -

3,612

1,923

1,636

1,445

1,375

1,559

1,491

1,220

1,034

733

822

1,447

967

Tax Assets

- -

Other Non-Current Assets

- -

56

125

137

156

200

64

820

841

881

1,003

1,147

1,447

1,533

3,106

723

352

599

507

498

551

413

348

393

430

455

457

443

490

Total Non-Current Assets

- -

937

1,070

1,061

1,228

1,566

2,491

9,939

9,836

9,900

9,952

10,295

19,681

20,631

21,552

21,742

19,465

17,505

24,954

23,778

23,391

23,675

22,806

25,944

26,785

27,684

29,869

30,544

34,483

Other Assets

- -

Total Assets

- -

1,141

1,282

1,288

1,398

1,774

2,761

10,735

10,497

10,505

10,710

11,115

20,699

22,146

22,728

23,275

22,518

18,961

27,766

26,285

26,110

26,703

25,215

28,173

29,159

30,211

33,876

36,495

40,899

Accounts Payable

- -

25

21

33

54

24

38

65

76

70

85

198

266

417

220

143

156

167

171

200

241

164

182

250

255

303

235

143

263

Short-Term Debt

- -

2

16

17

15

13

525

168

7

9

0

- -

1,048

1,080

- -

1,245

328

8

158

43

95

112

1,119

Tax Payable

- -

218

109

196

Deferred Revenue

- -

234

230

226

232

350

454

564

367

256

489

Other Current Liabilities

- -

84

97

142

111

150

239

642

644

673

671

730

1,269

1,231

1,505

1,812

1,148

1,079

1,574

1,492

1,744

1,773

1,495

1,684

2,225

2,039

2,493

1,346

1,570

Total Current Liabilities

- -

111

119

191

182

189

290

1,233

888

750

765

928

1,535

1,648

1,725

3,003

2,384

1,246

1,745

1,926

2,215

3,408

2,238

2,293

3,092

2,949

3,191

1,857

3,442

Long-Term Debt

- -

486

562

78

52

538

1,324

5,355

5,295

5,214

5,522

5,459

12,355

12,995

11,175

12,417

12,976

12,048

13,470

13,589

13,447

12,914

12,368

12,979

12,751

15,088

15,447

20,767

23,573

Deferred Revenue

- -

Deferred Tax Liabilities

- -

6

8

39

59

77

109

1,730

1,746

1,769

1,765

1,802

3,378

3,441

3,417

3,441

3,031

2,469

2,502

2,474

2,430

2,622

2,681

2,551

1,305

1,343

2,107

2,153

2,439

Other Non-Current Liabilities

- -

9

7

5

4

33

57

108

124

154

196

213

350

440

257

199

167

180

142

131

164

380

364

361

469

539

467

Total Non-Current Liabilities

- -

500

578

124

115

620

1,437

7,119

7,099

7,091

7,411

7,415

15,930

16,649

14,942

16,298

16,264

14,716

16,139

16,243

16,019

15,666

15,213

15,911

14,420

16,792

18,022

23,458

26,480

Other Liabilities

- -

Capital Lease Obligations

- -

257

199

167

- -

4,373

8,502

11,922

Total Liabilities

- -

611

698

314

297

809

1,727

8,352

7,987

7,841

8,176

8,343

17,464

18,297

16,667

19,300

18,648

15,963

17,884

18,169

18,235

19,074

17,451

18,204

17,512

19,741

21,213

25,315

29,922

Preferred Stock

- -

Common Stock

- -

1

2

4

5

6

5

Retained Earnings

- -

(77)

(31)

13

124

193

267

428

598

890

1,134

1,546

1,988

2,636

4,220

3,365

371

(1,067)

1,981

214

57

(108)

(556)

546

2,253

2,423

4,201

3,091

4,341

Other Compreh. Income(Loss)

- -

(46)

(93)

(142)

(190)

(256)

(398)

(644)

(1,002)

(1,391)

(1,646)

(1,938)

(1)

(2,795)

1

(57)

(2)

(4,831)

6

14

13

14

15

(4)

(9)

(10)

(31)

(25)

Other Total Stockhold. Equity

- -

652

708

1,102

1,167

1,027

1,163

2,597

2,913

3,164

3,044

3,162

1,245

4,005

1,836

663

3,497

8,892

4,094

4,133

4,156

4,181

5,656

5,654

5,358

4,093

3,531

3,439

1,750

Total Stockholders Equity

- -

529

585

973

1,102

964

1,034

2,382

2,511

2,664

2,534

2,772

3,235

3,850

6,061

3,974

3,870

2,999

6,087

4,366

4,231

4,091

5,120

6,220

7,613

6,512

7,727

6,505

6,071

Total Liab.&Stockhold. Equity

- -

1,141

1,282

1,288

1,398

1,774

2,761

10,735

10,497

10,505

10,710

11,115

20,699

22,146

22,728

23,275

22,518

18,961

23,971

22,534

22,466

23,165

22,571

24,424

25,125

26,253

28,941

31,820

35,993

Minority Interest

- -

3,796

3,750

3,644

3,537

2,645

3,749

4,034

3,958

4,936

4,675

4,906

Total Liabilities & Equity

- -

1,141

1,282

1,288

1,398

1,774

2,761

10,735

10,497

10,505

10,710

11,115

20,699

22,146

22,728

23,275

22,518

18,961

27,766

26,285

26,110

26,703

25,215

28,173

29,159

30,211

33,876

36,495

40,899

SEC Link

Link

Cash Flow Statement

Net Income

- -

26

(24)

(12)

(20)

(118)

75

47

44

111

69

86

161

170

292

244

412

443

648

1,584

(855)

(1,292)

(1,437)

3,115

(1,768)

(157)

(150)

(448)

1,101

1,960

467

2,049

(1,033)

1,254

Depreciation and Amortization

- -

12

16

12

11

48

59

65

79

129

324

421

427

449

434

594

651

705

789

689

633

817

928

849

816

820

850

993

1,178

1,305

1,211

1,151

Deferred Income Tax

- -

3

(3)

- -

(2)

(28)

48

15

28

36

66

91

28

56

52

60

33

80

(345)

(634)

(394)

(117)

59

332

(4)

(81)

(1,265)

47

595

18

242

Stock Based Compensation

- -

37

35

40

32

37

43

55

62

70

89

107

65

Change in Working Capital

- -

(15)

(23)

11

21

(4)

(65)

(46)

20

(50)

(4)

(9)

52

15

(49)

(27)

31

19

(181)

268

(493)

(429)

199

69

103

23

(348)

(247)

262

288

(130)

(246)

(624)

142

Accounts Receivable

- -

(121)

(17)

(155)

1

(60)

(32)

(63)

(33)

(18)

(150)

(727)

960

(236)

Inventory

- -

0

(0)

0

1

(13)

(5)

(4)

(3)

(4)

4

(4)

4

7

(6)

(2)

(9)

(7)

(10)

(9)

12

7

5

(8)

5

(0)

3

(3)

11

(5)

(8)

7

15

3

Accounts Payable

- -

163

117

(289)

(139)

273

420

22

- -

Other Working Capital

- -

92

93

36

(11)

19

(20)

(438)

(226)

(145)

(19)

15

8

(194)

(549)

(6)

670

198

184

(6)

13

(29)

(6)

13

(53)

14

1

(216)

(30)

Other Non-Cash Items

- -

(13)

23

7

0

73

36

58

145

10

14

56

245

122

67

(6)

(104)

75

39

(1,596)

1,233

1,928

1,708

(2,971)

1,724

503

444

840

(653)

166

91

(1,982)

(1,172)

(1,481)

Cash Provided by Operating Activities

- -

13

(11)

22

12

(38)

95

115

245

184

172

290

818

794

828

688

829

1,183

1,217

994

753

588

504

675

909

1,310

1,131

1,005

1,534

2,206

1,723

1,810

(1,493)

1,373

CAPEX

- -

(20)

(160)

(43)

(221)

(480)

(66)

(37)

(85)

(228)

(362)

(375)

(336)

(328)

(300)

(550)

(703)

(760)

(1,884)

(2,917)

(782)

(137)

(207)

(301)

(423)

(562)

(957)

(1,467)

(2,262)

(1,864)

(1,487)

(739)

(271)

(491)

Acquisitions Net

- -

(5,315)

- -

(4,421)

- -

2,676

- -

(964)

- -

278

(54)

(29)

(103)

(104)

(548)

(17)

(927)

35

(97)

(2,016)

Purchases of Investments

- -

(703)

(330)

(285)

(220)

(693)

(200)

- -

Sales/Maturities of Investments

- -

753

113

- -

315

253

210

770

- -

Other Investing Activities

- -

100

1

127

23

67

(127)

(129)

(36)

26

(44)

(11)

95

(24)

(71)

(5)

355

(122)

232

451

(1,200)

(120)

3

31

(422)

(564)

(938)

(1,261)

(1,728)

(1,564)

(1,156)

3,485

2,256

3,560

Cash Used for Investing Activities

- -

81

(159)

85

(198)

(413)

(193)

(166)

(121)

(202)

(406)

(387)

(5,557)

(352)

(371)

(556)

(348)

(5,303)

(1,652)

209

(1,981)

(330)

(586)

(21)

(446)

(560)

(1,524)

(795)

(2,276)

(1,581)

(2,083)

3,519

2,159

1,544

Debt Repayment

- -

(8,258)

(11,962)

(6,846)

(7,643)

(3,405)

(5,680)

(5,994)

(4,687)

(503)

(2)

(3,764)

(847)

(2,096)

Common Stock Issued

- -

33

5

200

100

72

1

8

350

3

2

50

1,255

10

46

36

136

146

89

1,291

14

1,105

588

- -

1,208

405

- -

1,250

525

793

Common Stock Repurchased

- -

(10)

(20)

- -

(28)

- -

(211)

(295)

(53)

(46)

(208)

(443)

(349)

(217)

(247)

(827)

(1,241)

- -

(100)

(328)

(1,283)

(1,032)

(354)

(1,754)

Dividends Paid

- -

(11)

- -

(252)

(261)

(271)

(78)

(5)

Other Financing Activities

- -

(44)

82

(83)

456

10

(10)

78

(523)

(12)

490

382

3,654

(425)

(293)

241

(113)

4,134

668

(1,704)

2,349

8,642

9,899

7,558

6,856

2,916

5,988

5,736

4,099

109

1,935

(713)

2,857

248

Cash Used/Provided by Financing Activities

- -

(10)

78

97

556

82

(37)

86

(173)

(9)

281

136

4,846

(461)

(454)

(165)

(326)

4,063

510

(1,241)

1,122

1,489

(1,475)

712

(787)

(490)

308

(258)

519

(569)

389

(4,530)

2,103

(2,814)

Effect of Forex Changes on Cash

- -

1

2

(0)

(1)

1

(1)

(4)

(2)

3

2

(2)

Net Change In Cash

- -

(10)

78

97

556

82

(37)

86

(173)

(9)

281

40

106

(19)

2

(33)

156

(57)

75

(37)

(106)

1,761

(1,557)

1,367

(322)

260

(90)

(43)

(224)

53

27

803

2,772

101

Cash at the End of Period

- -

122

228

209

211

178

435

378

453

412

296

2,056

499

1,866

1,544

1,804

1,714

1,670

1,447

1,500

1,527

2,330

5,102

5,203

Cash at the Beginning of Period

- -

16

98

6

210

580

211

76

110

61

35

82

122

228

209

211

280

435

378

449

402

296

2,056

499

1,866

1,544

1,804

1,714

1,670

1,447

1,500

1,527

2,330

5,102

Free Cash Flow

- -

(7)

(171)

(21)

(209)

(518)

29

77

160

(44)

(190)

(85)

481

466

528

138

126

423

(667)

(1,923)

(29)

451

297

374

487

748

174

(462)

(729)

342

236

1,071

(1,764)

883

SEC Link

Link

Forex Rate

- -

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