| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 174,792 | 382,776 | -206,729 | 118,094 |
| Depreciation and amortization | 263,725 | 278,658 | 260,717 | 241,975 |
| Amortization of debt discounts and issuance costs | 6,376 | 6,429 | 6,388 | 7,042 |
| Loss on extinguishment of debt | NaN | 0 | 0 | 0 |
| Provision for credit losses | 18,587 | 21,763 | 9,607 | 18,973 |
| Stock-based compensation | 35,137 | 31,087 | 14,275 | 16,456 |
| Goodwill impairment | NaN | 22,794 | 256,133 | NaN |
| Foreign currency transaction (gain) loss | 25,303 | -2,550 | 23,002 | -207,531 |
| Property transactions, net | 14,220 | 8,668 | 101,775 | 125 |
| Noncash lease expense | 126,547 | 126,133 | 125,913 | 128,691 |
| Other investment losses (gains) | -12,043 | -57,696 | -2,951 | 3,197 |
| Income (loss) from unconsolidated affiliates | 10,026 | 31,376 | 25,642 | 25,860 |
| Non-operating items from unconsolidated affiliates | 2,507 | 1,014 | -5,942 | 4,055 |
| (income) loss from unconsolidated affiliates | 7,519 | 30,362 | 31,584 | 21,805 |
| Distributions from unconsolidated affiliates | 1,553 | 8,908 | 1,420 | 5,376 |
| Deferred income taxes | -11,935 | -242,714 | 25,147 | -18,216 |
| Accounts receivable | 23,071 | 217,667 | -102,819 | 67,047 |
| Inventories | -1,137 | -2,269 | 147 | -8,050 |
| Income taxes receivable and payable, net | 125,812 | -39,846 | 58,417 | -20,333 |
| Prepaid expenses and other | 76,859 | -86,630 | 70,785 | -59,083 |
| Accounts payable and accrued liabilities | -98,008 | 122,484 | -9,948 | 32,105 |
| Other | 30,555 | 26,739 | 58,067 | -67,033 |
| Net cash provided by operating activities | 567,789 | 654,995 | 681,434 | 645,870 |
| Capital expenditures | 154,664 | 296,455 | 275,989 | 268,442 |
| Dispositions of property and equipment | 5,629 | 6,500 | 522 | 31 |
| Proceeds from sale of operating resorts | NaN | 0 | NaN | NaN |
| Proceeds from repayment of principal on note receivable | NaN | 0 | NaN | NaN |
| Acquisitions, net of cash acquired | NaN | 0 | 0 | 0 |
| Investments in unconsolidated affiliates | 137,558 | 29,416 | 122,856 | 85,487 |
| Distributions from unconsolidated affiliates | 610 | 136,516 | 69,667 | 567 |
| Investments and other | 86,811 | 17,725 | 6,223 | 24,959 |
| Net cash used in investing activities | -372,794 | -200,580 | -334,879 | -378,290 |
| Net borrowings of debt - maturities of 90 days or less | 178,393 | -282,936 | -49,839 | 289,008 |
| Issuance of long-term debt | NaN | 353,778 | 0 | 0 |
| Repayment of long-term debt | NaN | 0 | 0 | 500,000 |
| Debt issuance costs | NaN | 0 | 0 | 40,839 |
| Distributions to noncontrolling interest owners | 5,404 | 10,488 | 78,710 | 68,230 |
| Repurchases of common stock | 88,902 | 511,097 | 12 | 227,883 |
| Other | -44,162 | -47,951 | -43,934 | -41,742 |
| Net cash provided by (used in) financing activities | 39,925 | -498,694 | -172,495 | -589,686 |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | -6,440 | -11,678 | 2,221 | 8,778 |
| Change in cash and cash equivalents classified as assets held for sale | 731 | -14,605 | NaN | NaN |
| Net change for the period | 229,211 | -70,562 | 176,281 | -313,328 |
| Balance, beginning of period | 2,150,364 | 2,220,926 | 2,044,645 | 2,357,973 |
| Balance, end of period | 2,379,575 | 2,150,364 | 2,220,926 | 2,044,645 |
MGM Resorts International (MGM)
MGM Resorts International (MGM)