MGM Resorts market cap is $19.6 b, and annual revenue was $5.16 b in FY 2020

MGM Resorts Net income (FY, 2020)-1.3 B

MGM Resorts EBIT (FY, 2020)-642.4 M

MGM Resorts Cash, 31-Dec-20205.1 B

MGM Resorts EV36.4 B

MGM Resorts revenue breakdown by business segment: 45.2% from Las Vegas Strip Resorts, 27.5% from Regional Operations, 22.5% from MGM China and 4.8% from Other

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 10.8b | 11.8b | 12.9b | 5.2b |

| 14% | 9% | 10% | |

## Cost of goods sold | 6.2b | 6.9b | 7.6b | |

## Gross profit | 4.6b | 4.8b | 5.3b | |

| 43% | 41% | 41% | |

## General and administrative expense | 1.6b | 1.8b | 2.1b | 2.1b |

## Operating expense total | 2.6b | 2.9b | 4.2b | 2.1b |

## Depreciation and amortization | 993.5m | 1.2b | 1.3b | 1.2b |

## EBIT | 1.7b | 1.5b | 3.9b | (642.4m) |

| 16% | 12% | 31% | (12%) |

## Interest expense | 668.7m | 769.5m | 847.9m | |

## Pre tax profit | 963.8m | 634.0m | 2.8b | (1.5b) |

## Income tax expense | (1.1b) | 50.1m | 632.3m | (191.6m) |

## Net Income | 2.0b | 466.8m | 2.2b | (1.3b) |

## EPS | 3.4 | 0.8 | 3.9 |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 2.8b | 2.9b | 3.0b | 3.2b | 3.2b | 3.3b | 2.3b | 289.8m | 1.1b |

## Cost of goods sold | 1.6b | 1.7b | 1.8b | 1.9b | 1.9b | 1.9b | 1.4b | ||

## Gross profit | 1.2b | 1.2b | 1.2b | 1.3b | 1.3b | 1.4b | 814.7m | ||

| 42% | 42% | 41% | 41% | 41% | 42% | 36% | ||

## General and administrative expense | 417.9m | 438.5m | 463.4m | 525.1m | 524.4m | 494.2m | 574.3m | 473.6m | 543.3m |

## Operating expense total | 686.7m | 734.7m | 763.9m | 841.5m | 859.2m | 816.2m | 1.1b | 473.6m | 543.3m |

## Depreciation and amortization | 268.8m | 296.2m | 300.5m | 316.4m | 334.8m | 322.0m | 318.3m | 299.2m | 294.4m |

## EBIT | 359.8m | 363.1m | 410.9m | 370.3m | 371.5m | 238.4m | 1.3b | (1.0b) | (495.2m) |

| 13% | 13% | 14% | 12% | 12% | 7% | 56% | (357%) | (44%) |

## Interest expense | 167.9m | 181.5m | 205.6m | 216.1m | 215.8m | 215.5m | 157.1m | ||

## Pre tax profit | 180.9m | 164.1m | 190.5m | 137.7m | 87.9m | (1.2m) | 936.8m | (1.2b) | (678.7m) |

## Income tax expense | (85.4m) | 23.7m | 19.0m | 71.5m | 11.7m | (7.3m) | 262.3m | (270.2m) | (76.7m) |

## Net Income | 223.4m | 123.8m | 142.9m | 31.3m | 43.4m | (37.1m) | 674.5m | (936.5m) | (602.0m) |

## EPS | 0.4 | 0.2 | 0.3 | 0.1 | 0.1 | (0.1) | 1.6 |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 1.5b | 1.5b | 2.3b | 5.1b |

## Accounts Receivable | 540.5m | 657.2m | 612.7m | 316.5m |

## Prepaid Expenses | 200.8m | |||

## Inventories | 102.3m | 110.8m | 102.9m | 88.3m |

## Current Assets | 2.4b | 2.5b | 4.0b | 6.0b |

## PP&E | 19.6b | 20.7b | 18.3b | 14.6b |

## Goodwill | 1.8b | 1.8b | 2.1b | 2.1b |

## Total Assets | 29.2b | 30.2b | 33.9b | 36.5b |

## Accounts Payable | 255.0m | 302.6m | 235.4m | 142.5m |

## Short-term debt | 158.0m | 43.4m | 1.0b | 1.1b |

## Current Liabilities | 3.1b | 2.9b | 3.2b | 1.9b |

## Long-term debt | 12.8b | 15.1b | 15.4b | 20.8b |

## Total Debt | 12.9b | 15.1b | 16.4b | 21.9b |

## Total Liabilities | 17.4b | 19.6b | 21.1b | |

## Common Stock | 5.7m | 5.3m | 5.0m | 4.9m |

## Additional Paid-in Capital | 5.4b | 4.1b | 3.5b | 3.4b |

## Retained Earnings | 2.3b | 2.4b | 4.2b | 3.1b |

## Total Equity | 11.6b | 10.5b | 12.7b | 11.2b |

## Debt to Equity Ratio | 1.1 x | 1.4 x | 1.3 x | |

## Debt to Assets Ratio | 0.4 x | 0.5 x | 0.5 x | |

## Financial Leverage | 2.5 x | 2.9 x | 2.7 x | 3.3 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | 2.1b | 583.9m | 2.2b | (1.3b) |

## Depreciation and Amortization | 993.5m | 1.2b | 1.3b | 1.2b |

## Accounts Receivable | (18.4m) | (149.6m) | (726.6m) | 960.1m |

## Inventories | (4.7m) | (7.9m) | 6.5m | 14.7m |

## Accounts Payable | 419.5m | 21.5m | 465.6m | (1.4b) |

## Cash From Operating Activities | 2.2b | 1.7b | 1.8b | (1.5b) |

## Purchases of PP&E | (270.6m) | |||

## Capital Expenditures | (1.9b) | (1.5b) | (739.0m) | |

## Cash From Investing Activities | (1.6b) | (2.1b) | 3.5b | 2.2b |

## Short-term Borrowings | 15.0m | 1.2b | (3.6b) | |

## Long-term Borrowings | (502.7m) | (2.3m) | (3.8b) | (846.8m) |

## Dividends Paid | (252.0m) | (445.5m) | (271.3m) | (77.6m) |

## Cash From Financing Activities | (568.8m) | 389.2m | (4.5b) | 2.1b |

## Net Change in Cash | 53.4m | 26.8m | 802.8m | 2.8b |

## Interest Paid | 658.6m | 723.6m | 827.0m | 639.7m |

## Income Taxes Paid | 181.7m | (10.1m) | 28.5m | 8.5m |

## Free Cash Flow | 342.3m | 235.7m | 1.1b |

USD | FY, 2017 |
---|---|

## Revenue/Employee | 211.3k |

## Debt/Equity | 1.1 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 2.5 x |

FY, 2017 | FY, 2018 | FY, 2019 | |
---|---|---|---|

## Rooms (Domestic Resorts) | 41.4 k | ||

## Rooms (Las Vegas Strip Resorts) | 34.92 k | 31.1 k | |

## Rooms (Regional Operations) | 6.6 k | 6.59 k | |

## Rooms (MGM China) | 582 | 1.95 k | 1.97 k |

## Rooms (Other Operations) | 5.89 k | 5.5 k | 5.5 k |

## Rooms Available | 47.87 k | 48.97 k | 45.16 k |

## Slots (Domestic Resorts) | 23.44 k | ||

## Slots (Las Vegas Strip Resorts) | 11.07 k | 9.94 k | |

## Slots (Regional Operations) | 14.66 k | 20.88 k | |

## Slots (MGM China) | 1.02 k | 2.02 k | 2.24 k |

## Slots (Other Operations) | 2.65 k | 3.83 k | 1.49 k |

## Slots | 27.11 k | 31.59 k | 34.55 k |

## Gaming Tables (Domestic Resorts) | 1.27 k | ||

## Gaming Tables (Las Vegas Strip Resorts) | 1.27 k | 652 | |

## Gaming Tables (Regional Operations) | 706 | 711 | |

## Gaming Tables (MGM China) | 427 | 527 | 552 |

## Gaming Tables (Other Operations) | 168 | 126 | 126 |

## Gaming Tables | 1.87 k | 2.05 k | 2.04 k |