MGM Resorts International company info

CIK 789570
IRS Number 880215232
State of incorporation DE
Business address 3600 LAS VEGAS BLVD S
None
LAS VEGAS
NV
89109
Mail address 3600 LAS VEGAS BLVD S.
None
LAS VEGAS
NV
89109

Short summary

MGM Resorts International is a Nevada company, with head office located at 3600 Las Vegas Blvd S Las Vegas, Nevada 89109. The company achieved a record breaking net income in 2011 - 3.11 billion USD. In 2018 the company owned a total of 30.21 billion USD worth of assets, including 2.53 billion USD worth of current assets. The company amassed the most assets last year, totalling up to 30.21 billion USD.

MGM Resorts International Income Statement

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Revenue, Net 9,160.849,809.6610,081.989,179.599,455.1210,773.90
Selling, General and Administrative Expense 1,278.941,100.191,128.801,182.511,318.751,309.111,378.621,559.921,764.64
Operating Income (Loss) -129.60-963.88-1,158.934,057.1580.531,137.281,323.54-152.842,079.791,712.531,469.49
Interest expense 609.29775.431,113.581,086.831,116.36857.35817.06797.58694.77668.75769.51
Other Nonoperating Income (Expense) 104.46-226.16165.22-19.67-608.36-9.06-7.80-15.97-72.70-48.24-18.14
Income Tax Expense (Benefit) 186.30-720.91-778.63-403.31-117.3020.82283.71-5.4121.74-1,127.3950.11
Net income -855.29-1,291.68-1,298.213,114.64-1,767.69-171.73-149.87-445.521,100.411,952.05466.77

MGM Resorts International Balance Sheet

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Cash and cash equivalents 416.12411.361,013.21921.551,731.921,278.671,365.142,342.342,503.261,757.061,272.871,526.76
Accounts Receivable, Net, Current 488.22473.35443.90469.13497.35657.21
Inventories 96.81105.32113.32101.11102.52106.9197.80103.12109.13110.83
Deferred income taxes 34.90151.04122.13140.83
Property, Plant and Equipment, Gross 19,385.7820,203.7419,907.9020,220.2720,966.7822,311.7325,993.2227,885.6529,747.74
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 4,831.435,337.105,713.256,165.056,525.246,939.947,568.208,250.199,017.85
Goodwill 86.352,906.762,900.242,900.542,898.862,898.381,429.281,807.771,801.031,821.39
Intangible Assets, Net (Excluding Goodwill) 343.195,209.874,889.314,609.094,396.444,256.414,072.323,972.053,776.773,944.46
Other Assets, Noncurrent 832.95598.25514.00551.82576.05445.16386.65400.19570.22455.32
Total assets 19,987.5527,216.1927,263.0125,722.1425,572.3027,149.5926,549.0628,542.9328,977.1630,210.71
Current assets 1,791.961,793.282,677.422,210.242,166.323,267.023,193.792,485.132,083.122,526.78
Non-current assets 3,381.0010,405.019,802.419,469.599,292.279,203.73
Accounts payable 117.46179.70171.88229.60253.48174.25161.42206.14268.14302.58
Total current liabilities 1,194.991,585.031,929.382,098.152,560.322,790.801,917.782,679.573,064.792,948.88
Long-term Debt, Excluding Current Maturities 13,046.6412,630.2913,225.3213,111.9612,606.5212,495.2112,364.9212,725.2713,513.3415,088.01
Long-term Debt 12,047.7013,366.9913,111.9612,923.7113,370.2412,364.9213,197.8613,513.3415,131.42
Deferred income taxes 2,653.472,736.122,513.842,5052,357.002,525.642,591.322,560.131,226.401,342.54
Total liabilities 17,170.9217,850.8017,864.9717,630.7817,967.7617,015.9218,254.5918,050.2519,638.67
Common Stock, Value, Issued 4.414.894.894.904.915.635.665.755.385.28
Retained Earnings (Accumulated Deficit) -609.692,285.251,618.68127.29270.80159.40-14.48836.842,431.192,423.48
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.77-1.5211.0511.3115.2413.8910.81-9.15-3.24-8.56

MGM Resorts International Cash Flow

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Net income -855.29-1,291.68-1,298.213,114.64-1,767.69-171.73-149.87-445.521,100.411,952.05466.77
Depreciation and amortization 778.24689.27633.42817.15927.70849.23815.77819.88849.53993.481,178.04
Amortization of Intangible Assets 1181321243232199180173176
Deferred Income Tax Expense (Benefit) 79.52-344.69-634.08-394.44-117.2048.47331.83-2.43-80.63-1,259.4146.72
Accounts receivable -20.50121.0917.38155.04-1.2659.8432.4462.7231.8717.97149.55
Inventories -12.37-6.57-5.428.04-5.180.34-3.172.65-10.814.667.86
Net Cash Provided by (Used in) Operating Activities 753.03587.91504.011,005.081,533.972,206.411,722.54
Payments to Acquire Property, Plant, and Equipment 781.75136.85207.49301.24422.76562.12872.041,466.822,262.471,864.081,486.84
Payments to Acquire Businesses, Net of Cash Acquired -407.0500559.440
Payments to Acquire Intangible Assets 21.608500
Net Cash Provided by (Used in) Investing Activities -1,981.44-330.26-586.08-795.06-2,276.20-1,580.59-2,083.02
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -330.26-586.08-21.31-446.42-560.14-1,524.15-795.06-2,276.20-1,580.59
Proceeds from Issuance of Long-term Debt 1,250.7502,0503501,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -0.03-1.25-1.33-1.93-8.69-8.88-24.88-30.04-33.78-32.20
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -0.03-1.25-1.33-1.93-8.69-8.88-24.88-30.04-33.78-32.20
Proceeds from Issuance of Common Stock 1,104.42588.4601,207.50404.690
Payments for Repurchase of Common Stock 1,240.8600327.501,283.33
Payments of Ordinary Dividends, Common Stock 00252.01260.59
Net Cash Provided by (Used in) Financing Activities 1,122.081,488.75-1,475.18-257.88519.42-568.78389.23
Cash and Cash Equivalents, Period Increase (Decrease) -106.331,746.41-1,557.24260.16-86.29-47.07-223.7353.41