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MGM Growth Properties LLC (MGP)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]782.1792.6881.1869.5765.7467.50.00.0
            Revenue growth  -1.3%-10.0%1.3%13.6%63.8%   
Cost of goods sold  25.4218.934.5140.5123.073.058.548.3
Gross profit  756.7573.7846.6729.0642.7394.5-58.5-48.3
            Gross margin  96.8%72.4%96.1%83.8%83.9%84.4%  
Selling, general and administrative   [+]18.116.116.516.012.29.9203.5197.9
Equity in earnings  100.889.1      
Other operating expenses  -39.1-4.7-601.7     
EBITDA   [+]878.5651.41,431.8712.9630.5384.6-65.1-60.0
            EBITDA margin  112.3%82.2%162.5%82.0%82.3%82.3%  
Depreciation and amortization  235.5236.9294.7266.6260.5220.7196.8186.3
EBIT   [+]643.1414.51,137.1446.3370.1164.0-262.0-246.2
            EBIT margin  82.2%52.3%129.1%51.3%48.3%35.1%  
Non-recurring items  7.51.0615.86.117.310.2  
Interest expense, net   [+]265.3224.4246.7213.0180.3115.4  
Other income (expense), net   [+]-1.6-19.0-7.6-7.2-1.6-38.3  
Pre-tax income  368.6170.1266.9219.9170.90.0-262.0-246.2
Income taxes  9.39.7-7.6-5.84.9-2.30.00.0
            Tax rate  2.5%5.7%  2.9% 0.0%0.0%
Minority interest  153.784.2185.3177.6124.2-5.4-262.0-246.2
Earnings from continuing ops  205.576.185.558.941.843.0  
Earnings from discontinued ops    4.88.1    
Net income  205.576.190.367.141.843.00.00.0
            Net margin  26.3%9.6%10.2%7.7%5.5%9.2%  
   
Basic EPS   [+]$1.36$0.59$0.92$0.83$0.68$0.75  
Diluted EPS   [+]$1.36$0.59$0.92$0.83$0.67$0.74  
   
Dividends per share   [+]$2.06$1.94$1.87$1.74$1.60$2.62  
   
Shares outstanding (basic)   [+]151.0129.593.071.061.757.5  
Shares outstanding (diluted)   [+]151.2129.793.371.261.957.8  
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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