$15.2 B

MGM Mkt cap, 16-Aug-2018

$5.7 B

MGM Resorts Revenue Q2, 2018
MGM Resorts Net income (Q2, 2018)406.7 M
MGM Resorts EBIT (Q2, 2018)722.8 M
MGM Resorts Cash, 30-Jun-20181.3 B
MGM Resorts EV27.5 B

MGM Resorts Income Statement

Annual

usdFY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.1 b7.8 b9.8 b10.8 b9.9 b9.5 b

Revenue growth, %

30%11%(8%)(5%)

General and administrative expense

1.6 b

Operating expense total

9.2 b

Depreciation and amortization

993.5 m

EBIT

1.1 b1.3 b(156.2 m)2.1 b1.7 b

EBIT margin, %

11%12%(2%)22%

Interest expense

1.1 b1.1 b857.3 m817.1 m797.6 m694.8 m

Pre tax profit

87.8 m410.9 m(1 b)1.3 b963.8 m

Income tax expense

(778.6 m)(403.3 m)1.1 b

Net Income

56.5 m127.2 m(1 b)1.2 b2.1 b

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

5.7 b

General and administrative expense

342.8 m319.2 m327.5 m347.5 m328.2 m333.7 m340.5 m308.5 m321.4 m372 m388.8 m354.5 m417.9 m856.3 m

Operating expense total

2.2 b2.2 b2.2 b2.2 b2.1 b2.1 b2 b1.9 b1.9 b1.8 b2.3 b2.2 b2.5 b5 b

Depreciation and amortization

268.8 m565 m

EBIT

247.8 m412.6 m340 m286.5 m395.1 m348.5 m297.4 m316 m769.1 m712.8 m497.2 m501 m359.8 m722.8 m

EBIT margin, %

13%

Pre tax profit

15.5 m188.1 m121.2 m60.6 m156.3 m122.7 m78.2 m112.5 m523 m516.3 m315.4 m315.7 m180.9 m345.1 m

Income tax expense

56.3 m3.8 m45 m(62.4 m)(74.1 m)85.4 m61.7 m

Net Income

23.6 m191.6 m173.7 m50.4 m212.6 m126.5 m94.7 m91.2 m514.5 m561.3 m253 m241.6 m266.3 m406.7 m

MGM Resorts Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.1 b499 m1.9 b1.5 b1.8 b1.7 b1.7 b1.4 b1.5 b

Accounts Receivable

488.2 m473.3 m480.6 m542.9 m540.5 m

Inventories

107.9 m104 m104.2 m97.7 m102.3 m

Current Assets

2.7 b3 b2.4 b2.2 b2.4 b

PP&E

14.1 b14.4 b15.4 b18.4 b19.6 b

Goodwill

2.9 b2.9 b1.4 b1.8 b1.8 b

Total Assets

26.1 b26.7 b25.2 b28.2 b29.2 b

Accounts Payable

241.2 m164.3 m182 m250.5 m255 m

Short-term debt

1.2 b328.4 m8.4 m158 m

Current Liabilities

2.2 b3.4 b2.2 b2.3 b3.1 b

Long-term debt

13.4 b12.9 b12.4 b13 b12.8 b

Total Debt

13.4 b14.2 b12.7 b13 b12.9 b

Additional Paid-in Capital

4.2 b4.2 b5.7 b5.7 b5.4 b

Retained Earnings

57.1 m(107.9 m)(555.6 m)545.8 m2.3 b

Total Equity

7.9 b7.6 b7.8 b10 b11.6 b

Debt to Equity Ratio

1.7 x1.9 x1.6 x1.3 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x

Financial Leverage

3.3 x3.5 x3.2 x2.8 x2.5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

1.4 b1.1 b1.4 b1.3 b2.2 b2.3 b1.8 b1.7 b2.5 b1.4 b1.4 b1.8 b1.5 b1.3 b

Accounts Receivable

411.1 m492.5 m473.9 m433.9 m461.8 m468 m470.8 m452.8 m443.9 m492.4 m493.8 m469.1 m505.6 m497.4 m

Inventories

98.3 m101.6 m102.5 m99.3 m103.3 m106.9 m100.5 m97.6 m97.8 m97.4 m100.5 m103.1 m107.3 m109.1 m

Current Assets

2.3 b2 b2.2 b2 b3 b3.3 b2.6 b2.4 b3.2 b2.2 b2.2 b2.5 b2.4 b2.1 b

PP&E

14 b14 b14.1 b14.3 b14.6 b14.8 b15 b15.7 b16.1 b17.9 b18.6 b18.9 b19.7 b19.9 b

Goodwill

2.9 b2.9 b2.9 b2.9 b2.9 b2.9 b2.9 b1.4 b1.4 b1.8 b1.8 b1.8 b1.8 b1.8 b

Total Assets

25.7 b25.4 b25.6 b25.4 b26.8 b27.1 b26.7 b25.5 b26.5 b27.7 b28.3 b28.5 b29.3 b29 b

Accounts Payable

202.8 m220.5 m253.5 m266.7 m187.3 m174.2 m168.7 m183.8 m161.4 m232.5 m204.8 m206.1 m253.4 m268.1 m

Short-term debt

317.2 m1.2 b1.2 b875 m1.2 b242.9 m328.4 m539.6 m

Current Liabilities

2.2 b2.2 b2.6 b3.4 b1.9 b2.8 b2 b2.1 b1.9 b2.1 b2.1 b2.7 b3.6 b3.1 b

Long-term debt

13 b12.9 b12.6 b11.7 b14.6 b12.5 b12.8 b12.7 b12.4 b12.8 b12.7 b13.5 b

Total Debt

13 b12.9 b12.9 b12.9 b15.8 b13.4 b14.1 b12.9 b12.7 b12.8 b13.3 b13.5 b

Additional Paid-in Capital

4.2 b4.2 b4.2 b4.2 b4.2 b5.6 b5.7 b5.7 b5.5 b5.7 b5.7 b5.7 b5 b4.4 b

Retained Earnings

95.4 m165.3 m270.8 m234.4 m61.9 m159.4 m225.8 m(488.8 m)(14.5 m)521.1 m689.5 m836.8 m2.4 b2.4 b

Total Equity

7.8 b7.8 b7.9 b7.9 b7.7 b9.2 b9.2 b7.9 b9.5 b9.9 b10.1 b10.2 b11.4 b10.8 b

Financial Leverage

3.3 x3.2 x3.2 x3.2 x3.5 x3 x2.9 x3.2 x2.8 x2.8 x2.8 x2.8 x2.6 x2.7 x

MGM Resorts Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

56.5 m127.2 m(1 b)1.2 b2.1 b

Depreciation and Amortization

993.5 m

Accounts Receivable

(59.8 m)(32.4 m)(62.7 m)(33.2 m)(18.4 m)

Inventories

(336 k)3.2 m(2.6 m)10.8 m(4.7 m)

Accounts Payable

419.5 m

Cash From Operating Activities

1.3 b1.1 b1 b1.5 b2.2 b

Cash From Investing Activities

(560.1 m)(1.5 b)(795.1 m)(2.3 b)(1.6 b)

Dividends Paid

(252 m)

Cash From Financing Activities

(489.7 m)308.1 m(257.9 m)519.4 m(568.8 m)

Interest Paid

840.3 m776.8 m776.5 m661.2 m658.6 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

15.6 m191.6 m365.3 m414.7 m212.6 m339.1 m433.8 m91.2 m605.7 m1.2 b253 m494.6 m266.3 m406.7 m

Depreciation and Amortization

641.8 m207.7 m410.7 m613.1 m206.4 m415 m619.7 m199.8 m406.7 m616.5 m249.8 m494.5 m268.8 m565 m

Accounts Receivable

15.3 m(14.2 m)(10 m)21.7 m(6.4 m)(30.1 m)(45.3 m)22.7 m37.4 m24.7 m36.2 m63.2 m27.4 m26.2 m

Inventories

9.2 m6.3 m5.4 m8.5 m731 k(2.9 m)1.1 m6.6 m6.4 m11.1 m(2.8 m)(5.5 m)(5.1 m)(6.9 m)

Accounts Payable

113.7 m116.1 m

Cash From Operating Activities

1.1 b290.8 m803.6 m1 b175.6 m447.3 m737.8 m224.6 m613.6 m1 b405.4 m939.1 m577.7 m1.1 b

Cash From Investing Activities

(371.4 m)(214.1 m)(402.2 m)(591.1 m)116.8 m(176.9 m)(402.1 m)(430 m)(432.2 m)(1.6 b)(465.9 m)(592.8 m)(432.4 m)(679.4 m)

Dividends Paid

(68 m)(133.3 m)

Cash From Financing Activities

(891.9 m)(764.7 m)(839.5 m)(919.1 m)189.2 m353.9 m(238 m)201 m652.6 m317.7 m10.5 m(32.9 m)(117.1 m)(638.2 m)

Interest Paid

645.6 m200.2 m392 m595.8 m213.4 m398.8 m624.3 m195 m348.1 m551.3 m212.1 m342 m168.4 m324.8 m

MGM Resorts Ratios

USDY, 2018

EV/EBIT

38 x

EV/CFO

25.1 x

Financial Leverage

2.7 x
Report incorrect company information