| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 138,096 | 344,825 | 226,731 | 826,692 |
| Depreciation and amortization | 739,136 | 478,419 | 236,444 | 621,868 |
| Amortization of debt discounts and issuance costs | 20,250 | 13,862 | 6,820 | 20,396 |
| Loss on retirement of long-term debt | 0 | 0 | - | -2,013 |
| Provision for credit losses | 39,364 | 29,757 | 10,784 | 49,693 |
| Stock-based compensation | 59,384 | 45,109 | 28,653 | 51,720 |
| Foreign currency transaction loss | -285,452 | -308,454 | -100,923 | -28,303 |
| Property transactions, net | 117,368 | 15,593 | 15,468 | 59,124 |
| Goodwill impairment | 256,133 | - | - | - |
| Noncash lease expense | 382,965 | 257,052 | 128,361 | 386,412 |
| Other investment losses (gains) | - | - | - | 11,134 |
| Other investment gains | 35,275 | 38,226 | 35,029 | - |
| Income (loss) from unconsolidated affiliates | 38,606 | 12,964 | -12,896 | -51,319 |
| Non-operating items from unconsolidated affiliates | -2,149 | 3,793 | -262 | -2,043 |
| (income) loss from unconsolidated affiliates | 40,755 | 9,171 | -12,634 | -49,276 |
| Distributions from unconsolidated affiliates | 8,245 | 6,825 | 1,449 | 12,390 |
| Deferred income taxes | -2,850 | -27,997 | -9,781 | -68,942 |
| Accounts receivable | -127,552 | -24,733 | -91,780 | 40,244 |
| Inventories | -13,410 | -13,557 | -5,507 | 3,029 |
| Income taxes receivable and payable, net | 87,491 | 29,074 | 49,407 | -69,203 |
| Prepaid expenses and other | 82,177 | 11,392 | 70,475 | 33,577 |
| Accounts payable and accrued liabilities | -204,858 | -194,910 | -227,015 | -232,629 |
| Other | -34,548 | -92,615 | -25,582 | 41,811 |
| Net cash provided by operating activities | 1,874,383 | 1,192,949 | 547,079 | 1,690,940 |
| Capital expenditures | 772,472 | 496,483 | 228,041 | 746,572 |
| Dispositions of property and equipment | 613 | 91 | 60 | 3,472 |
| Investments in unconsolidated affiliates | 208,343 | 85,487 | 0 | 182,078 |
| Proceeds from sale of operating resorts | - | - | - | 0 |
| Acquisitions, net of cash acquired | 0 | 0 | 0 | 113,882 |
| Proceeds from repayment of principal on note receivable | - | - | - | 0 |
| Distributions from unconsolidated affiliates | 70,756 | 1,089 | 522 | 1,762 |
| Investments and other | 30,763 | 24,540 | -419 | -158,060 |
| Net cash used in investing activities | -940,209 | -605,330 | -227,040 | -879,238 |
| Net borrowings (repayments) under bank credit facilities - maturities of 90 days or less | 289,543 | 339,382 | 50,374 | -19,061 |
| Issuance of long-term debt | 0 | 0 | - | 2,100,000 |
| Repayment of long-term debt | 500,000 | 500,000 | - | 1,500,000 |
| Debt issuance costs | 40,839 | 40,839 | 0 | 38,268 |
| Distributions to noncontrolling interest owners | 158,747 | 80,037 | 11,807 | 103,569 |
| Repurchases of common stock | 717,175 | 717,163 | 489,280 | 1,238,064 |
| Other | -105,182 | -61,248 | -19,506 | 25,163 |
| Net cash used in financing activities | -1,232,400 | -1,059,905 | -470,219 | -773,799 |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | 16,088 | 13,867 | 5,089 | -14,736 |
| Change in cash and cash equivalents classified as assets held for sale | - | - | - | 0 |
| Net change for the period | -282,138 | -458,419 | -145,091 | 23,167 |
| Cash and cash equivalents at beginning of period | 2,503,064 | 2,503,064 | 2,503,064 | 3,014,896 |
| Cash and cash equivalents at end of period | 2,220,926 | 2,044,645 | 2,357,973 | 3,038,063 |
MGM Resorts International (MGM)
MGM Resorts International (MGM)