MGM Resorts International
Description
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
About
CEO
Mr. William Joseph Hornbuckle IV
Employees
58,000
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Resorts & Casinos
MIC code
XNYS
Address
3600 Las Vegas Boulevard South, Las Vegas, NV 89109, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 11, 2025 | 0.37 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 9 | — | 16 |
| Average estimate | — | 0.50 | — | 2.24 |
| Low estimate | — | 0.28 | — | 1.43 |
| High estimate | — | 0.71 | — | 3.03 |
| Last year EPS | — | 0.74 | — | 2.46 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-65.530%
Next qtr. (Mar 2025)
-32.320%
Current year
-7.990%
Next year (Dec 2025)
-9.010%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 16.16B | 13.13B | 9.68B | 5.16B | 12.90B |
| Cost of revenue | 8.55B | 6.65B | 5.03B | 3.45B | 7.60B |
| Gross profit | 7.61B | 6.47B | 4.65B | 1.71B | 5.30B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 4.70B | 4.23B | 2.51B | 2.12B | 2.10B |
| Other operating expenses | 512.40M | 479.12M | 422.78M | 460.15M | 464.64M |
| Operating income | 1.58B | -1.71B | 568.91M | -2.08B | 1.43B |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 460.29M | 594.95M | 799.59M | 676.38M | 847.93M |
| Other income expense | 349.55M | 3.21B | 1.69B | 1.25B | 2.27B |
| Pretax income | 1.47B | 903.80M | 1.46B | -1.51B | 2.85B |
| Tax provision | 157.84M | 697.07M | 253.42M | -191.57M | 632.35M |
| Net income | 1.31B | 206.73M | 1.21B | -1.32B | 2.21B |
| Basic EPS | 3.22 | 3.52 | 2.44 | -2.02 | 3.90 |
| Diluted EPS | 3.19 | 3.49 | 2.41 | -2.02 | 3.88 |
| Basic average shares | 354.93M | 409.20M | 481.93M | 494.15M | 524.17M |
| Diluted average shares | 354.93M | 409.20M | 481.93M | 494.15M | 524.17M |
| EBITDA | 2.38B | 1.67B | 1.79B | -1.02B | 2.60B |
| Net income from continuing op. | 1.31B | 206.73M | 1.21B | -1.32B | 2.21B |
| Minority interests | -172.74M | 1.27B | 45.98M | 287.18M | -165.23M |
| Preferred stock dividends | -2.13M | 31.89M | 78.30M | -35.52M | 2.71M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 42.37B | 45.69B | 40.90B | 36.49B | 33.88B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.93B | 5.91B | 4.70B | 5.10B | 2.33B |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 929.14M | 852.15M | 583.92M | 316.50M | 612.72M |
| Other receivables | — | — | — | — | 735.00M |
| Inventory | 141.68M | 126.07M | 96.37M | 88.32M | 102.89M |
| Prepaid assets | — | — | 258.97M | 200.78M | 200.32M |
| Restricted cash | — | — | 500.00M | — | — |
| Assets held for sale | — | 608.44M | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 770.50M | 583.13M | 258.97M | 200.78M | 200.32M |
| Non current assets | |||||
| Properties | 24.11B | 24.68B | 11.64B | 8.49B | 4.49B |
| Land and improvements | 489.71M | 438.95M | 4.08B | 4.08B | 5.35B |
| Machinery furniture equipment | 4.63B | 4.39B | 5.72B | 5.60B | 5.92B |
| Construction in progress | 506.24M | 647.26M | 421.45M | 170.96M | 209.89M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -5.18B | -4.91B | -8.18B | -7.47B | -8.58B |
| Goodwill | 12.06B | 11.61B | 10.58B | 7.83B | 8.00B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.72B | 1.55B | 3.62B | 3.64B | 3.83B |
| Investments and advances | 240.80M | 173.04M | 967.04M | 1.45B | 822.37M |
| Other non current assets | 849.87M | 1.03B | 490.21M | 443.42M | 456.79M |
| Total liabilities | 38.00B | 40.32B | 29.77B | 25.25B | 21.11B |
| Current liabilities | |||||
| Accounts payable | 461.72M | 369.82M | 286.20M | 142.52M | 235.44M |
| Accrued expenses | 1.62B | 1.37B | 1.27B | 1.11B | 1.41B |
| Short term debt | 84.15M | 1.41B | 1.12B | 112.04M | 95.45M |
| Deferred revenue | 566.22M | 612.22M | 489.43M | 256.19M | 367.15M |
| Tax payable | 390.89M | 211.76M | 195.97M | 109.10M | 218.03M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | 539.83M | 14.07M | 32.16M | 735.00M |
| Non current liabilities | |||||
| Long term debt | 31.47B | 32.58B | 23.57B | 20.77B | 15.45B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 2.86B | 2.97B | 2.44B | 2.15B | 2.11B |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 542.71M | 256.28M | 319.91M | 472.08M | 363.59M |
| Shareholders equity | |||||
| Common stock | 3.27M | 3.79M | 4.54M | 4.94M | 5.03M |
| Retained earnings | 3.66B | 4.79B | 4.34B | 3.09B | 4.20B |
| Other shareholders equity | 143.90M | 33.50M | -24.62M | -30.68M | -10.20M |
| Total shareholders equity | 4.37B | 5.37B | 11.12B | 11.25B | 12.77B |
| Additional paid in capital | — | — | 1.75B | 3.44B | 3.53B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 556.33M | 536.94M | 5.05B | 4.74B | 5.04B |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 1.31B | 206.73M | 1.21B | -1.32B | 2.21B | 583.89M | 2.09B | 1.24B | -1.04B | 127.18M | 41.37M | -1.62B | 3.23B | -1.44B | -1.29B | -855.29M | 1.58B | 648.26M | 443.26M | 412.33M | 243.70M | 292.44M | 169.82M | 166.16M | 95.12M | 68.95M | 115.30M | 74.50M | 46.60M | 74.50M | -117.60M | -20.10M | -12.20M | -23.60M | 25.60M |
| Depreciation | 814.13M | 3.48B | 1.15B | 1.21B | 1.30B | 1.18B | 993.48M | 849.53M | 819.88M | 815.77M | 849.23M | 927.70M | 817.15M | 633.42M | 689.27M | 778.24M | 704.63M | 650.82M | 593.89M | 434.26M | 448.76M | 427.15M | 421.23M | 324.44M | 128.57M | 78.13M | 65.40M | 64.50M | 58.70M | 48.30M | 11.30M | 11.60M | 15.60M | 15.80M | 11.70M |
| Deferred Taxes | -117.28M | 496.19M | 241.95M | 18.35M | 595.05M | 46.72M | -1.26B | -81.18M | -3.62M | 331.83M | 48.47M | -117.20M | -394.44M | -634.08M | -344.69M | 79.52M | 32.81M | 59.76M | 51.76M | 55.65M | 28.36M | 90.85M | 65.62M | 35.60M | 27.49M | 14.53M | 48.10M | -27.70M | -2.00M | — | — | — | — | -2.60M | 2.60M |
| Stock-Based Compensation | 73.61M | 71.30M | 65.18M | 106.96M | 88.84M | 70.18M | 62.49M | 55.49M | 42.87M | 37.26M | 32.33M | 39.56M | 39.71M | 34.99M | 36.57M | 36.28M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 583.18M | 436.25M | -1.47B | 169.01M | 74.85M | 6.60M | 11.82M | -429.39M | 20.15M | 38.47M | 15.02M | 86.71M | -3.40B | 75.65M | -25.18M | -42.82M | -138.49M | 80.44M | -55.90M | -15.47M | -8.01M | 2.75M | — | — | — | — | — | 200,000 | -100,000 | -7.90M | 68.90M | 100,000 | — | 200,000 | -24.70M |
| Accounts Receivable | -132.29M | -211.69M | -236.18M | 960.10M | -726.61M | -149.55M | -17.97M | -31.87M | -62.72M | -32.44M | -59.84M | 1.26M | -155.04M | -17.38M | -121.09M | 20.50M | -82.67M | -65.47M | -68.16M | -48.53M | -14.33M | -24.11M | 23.73M | -122.20M | -41.40M | -30.59M | -30.30M | -40.60M | -40.40M | -93.30M | -33.70M | 10.70M | 10.50M | -24.40M | -10.00M |
| Accounts Payable | — | — | — | — | — | 21.51M | 419.53M | 273.74M | -139.07M | -288.96M | 116.62M | 163.27M | 32.92M | 11.21M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -74.02M | 170.47M | -27.34M | -201.55M | 7.78M | 6.26M | -57.86M | 24.19M | -8.60M | -26.32M | 13.13M | -795,000 | 175.61M | 203.40M | -327.95M | -334.51M | 307.37M | -204.69M | 1.04M | 6.33M | -12.74M | 9.78M | -4.14M | 73.32M | -25.97M | 7.89M | -24.90M | 17.50M | -100,000 | -6.30M | -23.00M | 200,000 | 7.00M | -900,000 | -500,000 |
| Operating Cash Flow | 2.46B | 4.65B | 931.33M | 943.52M | 3.56B | 1.76B | 2.24B | 1.90B | -370.74M | 1.00B | 1.06B | -516.41M | 354.16M | -1.13B | -1.38B | -318.09M | 2.41B | 1.17B | 965.89M | 844.57M | 685.74M | 798.86M | 676.25M | 477.31M | 183.82M | 138.91M | 173.60M | 88.40M | 62.70M | 15.30M | -94.10M | 2.50M | 20.90M | -35.50M | 4.70M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | 465.82M | 1.17B | 106.60M | 6.14M | 2.58M | 25.61M | 718,000 | 3.94M | 8.03M | 7.65M | 18.03M | 426,000 | 348,000 | 77.60M | 22.29M | 85.97M | -2.87B | -1.87B | -752.12M | -324.15M | -493.62M | -279.70M | -301.10M | -186.33M | -368.80M | -361.40M | -227.60M | -84.50M | -36.90M | -65.30M | -479.40M | -221.00M | -42.60M | -159.60M | 91.60M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | -85.00M | -21.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -283.10M | -2.14B | -2.02B | -96.93M | 34.78M | -927.21M | -16.73M | -548.08M | -103.86M | -103.04M | -28.95M | -54.30M | 278.20M | -553.00M | 746.27M | — | 2.68B | — | -4.42B | — | — | — | — | -5.32B | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | -200.21M | -693.13M | -219.55M | -285.47M | -330.31M | -150.00M | -963.69M | -1.28B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | 770.21M | 210.30M | 252.59M | 315.44M | 330.13M | — | 7.19M | 21.11M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 335.24M | -977.57M | -1.86B | -89.92M | 6.24M | -918.81M | -17.72M | -555.83M | 470.15M | -567.24M | 23.48M | -25.38M | 277.72M | -627.07M | -193.41M | -1.20B | -369.57M | -1.65B | -5.30B | -347.75M | -555.69M | -371.21M | -352.21M | -5.56B | -386.70M | -405.70M | -201.80M | -120.80M | -166.00M | -193.00M | -412.70M | -197.90M | 84.70M | -158.60M | 80.60M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | 749.78M | 4.85B | 3.25B | 1.00B | 350.00M | 3.90B | 5.12B | 6.42B | 3.29B | 5.45B | 7.87B | 11.98B | 8.69B | 8.87B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -1.29B | -1.07B | — | -846.82M | -7.40B | -2.27M | -502.67M | -4.69B | -5.99B | -5.68B | -3.41B | -7.64B | -6.85B | -11.96B | -7.17B | -9.24B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -329.81M | -322.97M | -502.21M | -402.67M | -328.56M | -306.84M | -239.14M | -287.46M | -359.65M | -405.77M | -349.45M | -372.98M | -6.53M | -109.45M | -113.42M | -26.86M | 100.21M | 5.45M | -61.78M | -15.31M | -45.53M | -22.75M | -5.09M | — | -374.50M | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -5.00B | -3.02B | -2.81B | 2.10B | -8.16B | 389.23M | -568.78M | 519.42M | -257.88M | 308.08M | -489.71M | -786.96M | 711.92M | -1.39B | 1.49B | 1.12B | 564.00M | -152.33M | -133.34M | -228.29M | -452.14M | -184.36M | -40.83M | 1.19B | -619.60M | -208.90M | 2.80M | 350.30M | 7.50M | -27.00M | 71.60M | 100.00M | 180.20M | -4.40M | 33.10M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 3.01B | 6.04B | 5.20B | 5.10B | 2.33B | 1.53B | 1.50B | 1.45B | 1.67B | 1.71B | 1.80B | 1.54B | 1.87B | 498.96M | 2.06B | 295.64M | 412.39M | 452.94M | 377.93M | 435.13M | 279.61M | 274.95M | 208.97M | 227.97M | 121.50M | 82.00M | 34.60M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 344.40M | 22.96M | 43.02M | 8.54M | 28.49M | — | 181.65M | 68.24M | 11.80M | 42.27M | 835,000 | 6.98M | 172.02M | 330.22M | 53.86M | 437.87M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 452.16M | 573.63M | 705.68M | 639.72M | 826.97M | 723.61M | 658.64M | 661.17M | 776.54M | 776.78M | 840.28M | 1.04B | 1.00B | 1.02B | 807.52M | 622.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.76B | 991.40M | 882.73M | -1.76B | 1.07B | 235.70M | 342.33M | -728.50M | -461.74M | 173.63M | 726.72M | 486.59M | 373.88M | 296.52M | 451.06M | -28.72M | -1.92B | -666.64M | 422.85M | 126.39M | 175.35M | 546.51M | 465.81M | 481.06M | -85.42M | -190.22M | -43.80M | 160.40M | 77.10M | 28.50M | -517.70M | -208.70M | -21.10M | -170.80M | -7.20M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 7,213,644 | 249.23M | 2.42% |
| Davis New York Venture Fund | Oct 31, 2024 | 7,108,640 | 245.60M | 2.39% |
| Growth Fund of America Inc | Nov 30, 2024 | 6,455,000 | 223.02M | 2.17% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 6,049,508 | 209.01M | 2.03% |
| Invesco ETF Tr-Invesco S&P 500 Equal Weight ETF | Nov 30, 2024 | 3,769,939 | 130.25M | 1.27% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 2,852,788 | 98.56M | 0.96% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,851,583 | 98.52M | 0.96% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 2,854,071 | 98.61M | 0.96% |
| John Hancock Mutual Fds III-Disciplined Value Fd | Nov 30, 2024 | 2,662,710 | 92.00M | 0.89% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 2,611,947 | 90.24M | 0.88% |
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