The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 520,872 | 1,064,608 | 1,314,924 | 206,731 |
| Depreciation and amortization | 1,017,794 | 831,097 | 814,128 | 3,482,050 |
| Amortization of debt discounts and issuance costs | 26,679 | 27,227 | 27,844 | 32,769 |
| Loss on extinguishment of debt | 0 | -7,087 | 0 | 0 |
| Provision for credit losses | 61,127 | 61,089 | 48,984 | 22,738 |
| Stock-based compensation | 90,471 | 80,224 | 73,607 | 71,296 |
| Property transactions, net | 126,036 | 81,316 | -370,513 | -1,036,997 |
| Goodwill impairment | 278,927 | - | - | - |
| Foreign currency transaction loss (gain) | -288,002 | 128,588 | -106,428 | - |
| Gain on reit transactions, net | - | 0 | 0 | 2,277,747 |
| Gain on consolidation of citycenter, net | - | - | 0 | 0 |
| Noncash lease expense | 509,098 | 515,403 | 516,120 | 437,603 |
| Other investment losses (gains) | - | -32,237 | -1,112 | 12,430 |
| Other investment losses | -22,421 | - | - | - |
| Income (loss) from unconsolidated affiliates | 69,982 | -90,653 | -62,104 | -160,213 |
| Non-operating items from unconsolidated affiliates | -1,135 | 734 | 1,032 | 23,457 |
| Loss (income) from unconsolidated affiliates | 71,117 | -91,387 | -63,136 | -183,670 |
| Distributions from unconsolidated affiliates | 17,153 | 21,929 | 20,121 | 37,435 |
| Deferred income taxes | -245,564 | -85,116 | -117,278 | 496,189 |
| Accounts receivable | 90,115 | 157,662 | 132,288 | 211,687 |
| Inventories | -15,679 | -1,275 | 15,524 | 26,627 |
| Income taxes receivable and payable, net | 47,645 | -132,842 | -58,493 | 197,097 |
| Prepaid expenses and other | -4,453 | -35,062 | 50,875 | 14,424 |
| Accounts payable and accrued liabilities | -82,374 | -107,395 | 410,131 | 183,839 |
| Other | -7,809 | 124,157 | 39,213 | -15,043 |
| Net cash provided by operating activities | 2,529,378 | 2,362,495 | 2,690,777 | 1,756,462 |
| Capital expenditures | 1,068,927 | 1,150,589 | 931,813 | 765,067 |
| Dispositions of property and equipment | 7,113 | 13,179 | 5,431 | 112,019 |
| Proceeds from sale of operating resorts | 0 | 0 | 460,392 | 1,054,313 |
| Proceeds from repayment of principal on note receivable | 0 | 0 | 152,518 | - |
| Proceeds from real estate transactions | - | 0 | 0 | 4,373,820 |
| Acquisitions, net of cash acquired-City Center And MGPBREITVenture | - | - | - | 1,889,118 |
| Acquisitions, net of cash acquired | 0 | 113,882 | 122,058 | - |
| Investments in unconsolidated affiliates | 237,759 | 182,078 | 161,040 | 254,786 |
| Distributions from unconsolidated affiliates | 207,272 | 2,324 | 8,342 | 10,361 |
| Investments and other | 48,488 | -147,883 | 125,947 | 523,361 |
| Net cash used in investing activities | -1,140,789 | -1,283,163 | -714,175 | 2,118,181 |
| Net borrowings (repayments) of debt maturities of 90 days or less | 6,607 | 104,416 | -1,097,306 | 1,148,276 |
| Issuance of long-term debt | 353,778 | 2,100,000 | 0 | 0 |
| Repayment of long-term debt | 500,000 | 2,175,000 | 1,285,600 | 1,070,340 |
| Debt issuance costs | 40,839 | 38,318 | 21,535 | 1,367 |
| Proceeds from issuance of bridge loan facility | - | - | - | 0 |
| Issuance of mgm growth properties class a shares, net | - | - | 0 | 0 |
| Dividends paid to common shareholders | - | 0 | 0 | 4,048 |
| Distributions to noncontrolling interest owners | 169,235 | 188,567 | 177,093 | 210,699 |
| Repurchases of common stock | 1,228,272 | 1,357,890 | 2,291,917 | 2,775,217 |
| Other | -153,133 | -8,922 | -131,180 | -110,907 |
| Net cash used in financing activities | -1,731,094 | -1,564,281 | -5,004,631 | -3,024,302 |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | 4,410 | -26,883 | -19,401 | 8,926 |
| Change in cash and cash equivalents classified as assets held for sale | -14,605 | 0 | 25,938 | -25,938 |
| Net change for the period | -352,700 | -511,832 | -3,021,492 | 833,329 |
| Cash and cash equivalents at beginning of period | 2,503,064 | 3,014,896 | 6,036,388 | 5,203,059 |
| Cash and cash equivalents at end of period | 2,150,364 | 2,503,064 | 3,014,896 | 6,036,388 |
MGM Resorts International (MGM)
MGM Resorts International (MGM)