Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Las Vegas Strip Resorts | 8,398.4 | 4,737.2 | 2,245.8 | 5,831.1 | 5,716.7 | 5,746.1 | 5,664.7 | |
| Regional Operations | 3,815.9 | 3,392.4 | 1,967.2 | 3,549.8 | 2,934.5 | 2,709.7 | 1,520.2 | |
| MGM China | 673.6 | 1,210.8 | 656.7 | 2,905.4 | 2,450.0 | 1,858.2 | 1,812.0 | 2,214.8 |
| Entertainment, Retail and Other | 1,686.2 | 1,009.5 | 519.0 | 1,477.2 | 1,412.9 | 1,354.3 | 1,242.2 | |
| Other | | | | | | | | 6,975.3 |
| Total revenues [+] | 13,127.5 | 9,680.1 | 5,162.1 | 12,899.7 | 11,763.1 | 10,797.5 | 9,478.3 | 9,190.1 |
| Food & beverage | | | | | | | | 1,575.5 |
| Casino | | | | | | | | 4,842.8 |
| Room / occupancy | | | | | | | | 1,876.7 |
| Admissions | | | | | | | | 539.3 |
| Reimbursements | | | | | | | | 398.8 |
| Other hotel | | | | | | | | 506.9 |
| Promotional allowances | | | | | | | | -751.8 |
| Revenue growth [+] | 35.6% | 87.5% | -60.0% | 9.7% | 8.9% | 13.9% | 3.1% | -8.8% |
| Las Vegas Strip Resorts | 77.3% | 110.9% | -61.5% | 2.0% | -0.5% | 1.4% | | |
| Regional Operations | 12.5% | 72.4% | -44.6% | 21.0% | 8.3% | 78.3% | | |
| MGM China | -44.4% | 84.4% | -77.4% | 18.6% | 31.8% | 2.5% | -18.2% | -32.5% |
| Entertainment, Retail and Other | 67.0% | 94.5% | -64.9% | 4.6% | 4.3% | 9.0% | | |
| Corporate and other | -29.5% | 16.2% | -52.3% | -7.3% | 36.9% | 0.4% | 0.7% | 4.5% |
| Cost of goods sold [+] | 3,338.2 | 3,400.5 | 2,054.3 | 5,201.3 | 6,928.0 | 6,202.8 | 5,247.5 | 5,112.2 |
| Food and beverage costs | | | | | | | | 918.0 |
| Occupancy costs | | | | | | | | 564.1 |
| Reimbursable costs | | | | | | | | 398.8 |
| Other direct hotel costs | | | | | | | | 348.5 |
| Casino costs | | | | | | | | 2,882.8 |
| Gross profit | 9,789.2 | 6,279.6 | 3,107.7 | 7,698.4 | 4,835.1 | 4,594.7 | 4,230.8 | 4,077.9 |
| Gross margin | 74.6% | 64.9% | 60.2% | 59.7% | 41.1% | 42.6% | 44.6% | 44.4% |
| Selling, general and administrative [+] | 4,705.7 | 2,930.0 | 2,582.5 | 2,565.9 | 2,183.8 | 1,916.4 | 1,691.2 | 1,583.7 |
| Sales and marketing | 4,226.6 | 2,507.2 | 2,122.3 | 2,101.2 | 1,764.6 | 1,559.6 | 1,378.5 | 1,309.1 |
| General and administrative | 479.1 | 422.8 | 460.1 | 464.6 | 419.2 | 356.9 | 312.7 | 274.6 |
| Other selling, general and administrative | 4,226.6 | 2,507.2 | 2,122.3 | 2,101.2 | 1,764.6 | 1,559.6 | 1,378.5 | 1,309.1 |
| Equity in earnings | -160.2 | 84.8 | 42.9 | 119.5 | 147.7 | 146.2 | 528.3 | 257.9 |
| Other operating expenses | 162.1 | -79.7 | -42.9 | -112.3 | 3.7 | -27.7 | -388.2 | 362.6 |
| EBITDA [+] | 4,761.2 | 3,514.1 | 611.1 | 5,364.4 | 2,795.2 | 2,852.2 | 3,456.0 | 2,389.5 |
| EBITDA growth | 35.5% | 475.1% | -88.6% | 91.9% | -2.0% | -17.5% | 44.6% | 8.5% |
| EBITDA margin | 36.3% | 36.3% | 11.8% | 41.6% | 23.8% | 26.4% | 36.5% | 26.0% |
| Depreciation | 782.1 | 953.6 | 1,016.6 | 1,112.6 | 1,002.0 | 820.5 | 669.5 | 620.9 |
| EBITA | 3,979.2 | 2,560.5 | -405.5 | 4,251.7 | 1,793.2 | 2,031.7 | 2,786.5 | 1,768.6 |
| EBITA margin | 30.3% | 26.5% | -7.9% | 33.0% | 15.2% | 18.8% | 29.4% | 19.2% |
| Amortization of intangibles | 2,700.0 | 197.0 | 194.0 | 192.0 | 176.0 | 173.0 | 180.0 | 199.0 |
| EBIT [+] | 1,279.2 | 2,363.5 | -599.5 | 4,059.7 | 1,617.2 | 1,858.7 | 2,606.5 | 1,569.6 |
| EBIT growth | -45.9% | -494.3% | -114.8% | 151.0% | -13.0% | -28.7% | 66.1% | 13.1% |
| EBIT margin | 9.7% | 24.4% | -11.6% | 31.5% | 13.7% | 17.2% | 27.5% | 17.1% |
| Non-recurring items [+] | | | | | | | | 1,468.0 |
| Asset impairment | | | | | | | | 1,468.0 |
| Interest expense | 595.0 | 799.6 | 676.4 | 847.9 | 769.5 | 668.7 | 694.8 | 797.6 |
| Interest expense | 595.0 | 799.6 | 676.4 | 847.9 | 769.5 | 668.7 | 694.8 | 797.6 |
| Other income (expense), net [+] | 219.6 | -102.1 | -235.6 | -365.1 | -213.7 | -229.2 | -654.1 | -350.3 |
| Gain (loss) on acquisitions / transactions | | | | | | | -430.1 | |
| Other | 82.8 | 65.9 | -89.4 | -183.3 | -18.1 | -48.2 | -72.7 | -16.0 |
| Pre-tax income | 903.8 | 1,461.8 | -1,511.5 | 2,846.7 | 634.0 | 960.8 | 1,257.6 | -1,046.2 |
| Income taxes | 697.1 | 253.4 | -191.6 | 632.3 | 50.1 | -1,127.4 | 21.7 | -6.6 |
| Tax rate | 77.1% | 17.3% | 12.7% | 22.2% | 7.9% | | 1.7% | 0.6% |
| Minority interest | -1,266.4 | -46.0 | -287.2 | 165.2 | 117.1 | 136.1 | 135.4 | -591.9 |
| Net income | 1,473.1 | 1,254.4 | -1,032.7 | 2,049.1 | 466.8 | 1,952.1 | 1,100.4 | -447.7 |
| Net margin | 11.2% | 13.0% | -20.0% | 15.9% | 4.0% | 18.1% | 11.6% | -4.9% |
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| Basic EPS [+] | $3.60 | $2.60 | ($2.09) | $3.91 | $0.86 | $3.41 | $1.94 | ($0.82) |
| Growth | 38.3% | -224.5% | -153.5% | 355.8% | -74.9% | 76.1% | -334.9% | 170.1% |
| Diluted EPS [+] | $3.57 | $2.57 | ($2.09) | $3.88 | $0.85 | $3.37 | $1.92 | ($0.82) |
| Growth | 38.6% | -223.2% | -153.8% | 357.2% | -74.8% | 75.7% | -332.7% | 170.1% |
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| Dividends per share [+] | $0.01 | $0.01 | $0.16 | $0.52 | $0.48 | $0.44 | | |
| Growth | 0.0% | -93.7% | -69.7% | 8.3% | 9.1% | | | |
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| Shares outstanding (basic) [+] | 409.2 | 481.9 | 494.2 | 524.2 | 544.3 | 572.3 | 568.1 | 542.9 |
| Growth | -15.1% | -2.5% | -5.7% | -3.7% | -4.9% | 0.7% | 4.7% | 10.6% |
| Shares outstanding (diluted) [+] | 413.0 | 487.4 | 494.2 | 527.6 | 549.5 | 578.8 | 573.3 | 542.9 |
| Growth | -15.3% | -1.4% | -6.3% | -4.0% | -5.1% | 1.0% | 5.6% | 10.6% |
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| 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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