MGM Resorts (MGM) stock price, revenue, and financials

MGM Resorts market cap is $7.8 b, and annual revenue was $12.90 b in FY 2019

$7.8 B

MGM Mkt cap, 22-May-2020

$2.3 B

MGM Resorts Revenue Q1, 2020
MGM Resorts Net income (Q1, 2020)674.5 M
MGM Resorts EBIT (Q1, 2020)1.3 B
MGM Resorts Cash, 31-Mar-20206 B
MGM Resorts EV22.1 B

MGM Resorts Revenue Breakdown

Embed Graph

MGM Resorts revenue breakdown by business segment: 22.1% from MGM China, 26.4% from Regional Operations and 51.5% from Las Vegas Strip Resorts

MGM Resorts Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.5b10.8b11.8b12.9b

Revenue growth, %

(5%)14%9%

Cost of goods sold

5.5b6.2b6.9b

Gross profit

4.0b4.6b4.8b

Gross profit Margin, %

42%43%41%

General and administrative expense

1.4b1.6b1.8b2.1b

Operating expense total

2.2b2.6b2.9b2.1b

Depreciation and amortization

849.5m993.5m1.2b1.3b

EBIT

2.1b1.7b1.5b3.9b

EBIT margin, %

22%16%12%31%

Interest expense

694.8m668.7m769.5m1.1b

Pre tax profit

1.3b963.8m634.0m2.8b

Income tax expense

22.3m(1.1b)50.1m632.3m

Net Income

1.1b2.0b466.8m2.0b

MGM Resorts Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.4b1.5b1.5b2.3b

Accounts Receivable

542.9m540.5m657.2m612.7m

Prepaid Expenses

142.3m189.2m203.5m200.3m

Inventories

97.7m102.3m110.8m102.9m

Current Assets

2.2b2.4b2.5b4.0b

PP&E

18.4b19.6b20.7b18.3b

Goodwill

1.8b1.8b1.8b2.1b

Total Assets

28.2b29.2b30.2b33.9b

Accounts Payable

250.5m255.0m302.6m235.4m

Short-term debt

8.4m158.0m43.4m1.0b

Current Liabilities

2.3b3.1b2.9b3.2b

Long-term debt

13.0b12.8b15.1b15.4b

Total Debt

13.0b12.9b15.1b16.4b

Total Liabilities

18.1b17.4b19.6b21.1b

Common Stock

5.7m5.7m5.3m5.0m

Additional Paid-in Capital

5.7b5.4b4.1b3.5b

Retained Earnings

545.8m2.3b2.4b4.2b

Total Equity

10.0b11.6b10.5b12.7b

Debt to Equity Ratio

1.3 x1.1 x1.4 x

Debt to Assets Ratio

0.5 x0.4 x0.5 x

Financial Leverage

2.8 x2.5 x2.9 x2.7 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.7b2.5b1.4b1.4b1.8b2.0b1.5b1.3b1.3b1.2b1.2b1.2b6.0b

Accounts Receivable

452.8m443.9m492.4m493.8m469.1m515.4m505.6m497.4m546.6m602.6m562.8m550.3m454.8m

Prepaid Expenses

177.3m137.6m177.9m183.0m148.5m191.2m212.8m180.6m234.7m251.3m189.0m233.7m240.9m

Inventories

97.6m97.8m97.4m100.5m103.1m101.2m107.3m109.1m104.4m111.3m106.7m104.2m106.3m

Current Assets

2.4b3.2b2.2b2.2b2.5b2.8b2.4b2.1b2.2b2.2b2.0b2.9b7.6b

PP&E

15.7b16.1b17.9b18.6b18.9b19.1b19.7b19.9b20.7b21.2b21.1b20.6b15.2b

Goodwill

1.4b1.4b1.8b1.8b1.8b1.8b1.8b1.8b1.8b2.0b2.1b2.1b2.1b

Total Assets

25.5b26.5b27.7b28.3b28.5b29.1b29.3b29.0b30.0b31.1b30.8b31.2b39.1b

Accounts Payable

183.8m161.4m232.5m204.8m206.1m242.6m253.4m268.1m301.0m336.6m277.6m253.6m202.7m

Short-term debt

242.9m472.6m466.4m539.6m2.5m108.7m

Current Liabilities

2.1b1.9b2.1b2.1b2.7b2.7b3.6b3.1b3.0b2.8b2.8b3.3b2.6b

Long-term debt

12.7b12.4b12.8b13.1b12.7b13.0b12.7b13.5b14.7b15.2b15.2b15.5b20.1b

Total Debt

12.9b12.4b12.8b13.1b13.2b13.5b13.3b13.5b14.7b15.2b15.2b15.5b20.2b

Total Liabilities

17.6b17.0b17.8b18.1b18.3b18.7b17.8b18.1b19.1b19.8b19.8b20.5b

Common Stock

5.7m5.7m5.7m5.7m5.8m5.7m5.6m5.4m5.3m5.4m5.3m5.1m4.9m

Additional Paid-in Capital

5.7b5.5b5.7b5.7b5.7b5.4b5.0b4.4b4.3b4.4b4.2b3.8b3.3b

Retained Earnings

(488.8m)(14.5m)521.1m689.5m836.8m922.7m2.4b2.4b2.5b2.4b2.4b2.3b4.9b

Total Equity

7.9b9.5b9.9b10.1b10.2b10.3b11.4b10.8b10.7b11.2b11.0b10.5b13.3b

Debt to Equity Ratio

1.6 x1.3 x1.3 x1.3 x1.3 x1.3 x1.2 x1.2 x1.4 x1.4 x1.4 x1.5 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x

Financial Leverage

3.2 x2.8 x2.8 x2.8 x2.8 x2.8 x2.6 x2.7 x2.8 x2.8 x2.8 x3 x2.9 x

MGM Resorts Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.2b2.1b583.9m2.2b

Depreciation and Amortization

849.5m993.5m1.2b1.3b

Accounts Receivable

(33.2m)(18.4m)(149.6m)(726.6m)

Inventories

10.8m(4.7m)(7.9m)6.5m

Accounts Payable

272.8m419.5m21.5m465.6m

Cash From Operating Activities

1.5b2.2b1.7b1.8b

Purchases of PP&E

(739.0m)

Capital Expenditures

(2.3b)(1.9b)(1.5b)

Cash From Investing Activities

(2.3b)(1.6b)(2.1b)3.5b

Short-term Borrowings

491.0m15.0m1.2b

Long-term Borrowings

(2.8b)(502.7m)(2.3m)(3.8b)

Dividends Paid

(103.4m)(252.0m)(445.5m)(271.3m)

Cash From Financing Activities

519.4m(568.8m)389.2m(4.5b)

Net Change in Cash

(223.7m)53.4m26.8m802.8m

Interest Paid

661.2m658.6m723.6m827.0m

Income Taxes Paid

68.2m181.7m(10.1m)28.5m

Free Cash Flow

(728.5m)342.3m235.7m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

91.2m605.7m1.2b253.0m494.6m671.1m266.3m406.7m578.1m66.2m142.3m148.4m674.5m

Depreciation and Amortization

199.8m406.7m616.5m249.8m494.5m744.1m268.8m565.0m865.5m316.4m651.2m973.2m318.3m

Accounts Receivable

22.7m37.4m24.7m36.2m63.2m13.5m27.4m26.2m(31.8m)49.0m80.1m(655.8m)136.2m

Inventories

6.6m6.4m11.1m(2.8m)(5.5m)(3.6m)(5.1m)(6.9m)(1.5m)423.0k5.1m7.7m(3.3m)

Accounts Payable

(93.7m)(72.3m)88.6m(141.1m)(102.3m)3.1m113.7m116.1m50.6m(97.3m)(119.2m)479.3m(577.9m)

Cash From Operating Activities

224.6m613.6m1.0b405.4m939.1m1.5b577.7m1.1b1.4b399.8m967.8m1.4b(422.9m)

Purchases of PP&E

(73.1m)

Capital Expenditures

(427.5m)(970.6m)(1.6b)(456.1m)(872.6m)(1.4b)(418.6m)(861.8m)(1.2b)(183.3m)(321.6m)(482.8m)

Cash From Investing Activities

(430.0m)(432.2m)(1.6b)(465.9m)(592.8m)(1.1b)(432.4m)(679.4m)(1.8b)(726.8m)(877.6m)(1.0b)2.4b

Short-term Borrowings

243.0m128.7m298.4m107.5m204.9m618.7m380.0m(360.9m)778.1m(289.8m)2.0b(1.7b)

Long-term Borrowings

(2.7m)(1.5b)(2.8b)(502.7m)(2.3m)(2.3m)(2.3m)(850.0m)(1.8b)(1.8b)(846.7m)

Dividends Paid

(2.3m)(32.8m)(78.7m)(88.0m)(216.3m)(329.4m)(115.4m)(234.7m)(346.8m)(116.3m)(240.6m)(377.4m)(73.9m)

Cash From Financing Activities

201.0m652.6m317.7m10.5m(32.9m)158.0m(117.0m)(638.2m)207.4m24.9m(457.8m)(619.9m)1.7b

Net Change in Cash

(5.4m)832.9m(224.2m)(51.1m)310.5m540.1m25.4m(227.1m)(197.3m)(303.4m)(366.2m)(293.2m)3.7b

Interest Paid

195.0m348.1m551.3m212.1m342.0m522.9m168.4m324.8m516.9m209.3m415.2m597.8m162.0m

Income Taxes Paid

4.6m55.4m63.3m2.6m140.6m158.5m2.9m(10.7m)(8.2m)(6.4m)7.1m18.2m2.4m

Free Cash Flow

(202.9m)(356.9m)(541.3m)(50.6m)66.5m112.6m159.0m231.4m171.5m216.5m646.2m873.3m

MGM Resorts Ratios

USDY, 2020

EV/EBIT

17.6 x

EV/CFO

-52.1 x

Financial Leverage

2.9 x

MGM Resorts Operating Metrics

FY, 2016FY, 2017FY, 2018

Rooms (Domestic Resorts)

41.37 k41.40 k

Rooms (Las Vegas Strip Resorts)

34.92 k

Rooms (Regional Operations)

6.60 k

Rooms (MGM China)

582 582 1.95 k

Rooms (Other Operations)

5.89 k5.89 k5.50 k

Rooms Available

47.84 k47.87 k48.97 k

Slots (Domestic Resorts)

24.45 k23.44 k

Slots (Las Vegas Strip Resorts)

11.07 k

Slots (Regional Operations)

14.66 k

Slots (MGM China)

1.06 k1.02 k2.02 k

Slots (Other Operations)

2.67 k2.65 k3.83 k

Slots

28.18 k27.11 k31.59 k

Gaming Tables (Domestic Resorts)

1.29 k1.27 k

Gaming Tables (Las Vegas Strip Resorts)

1.27 k

Gaming Tables (Regional Operations)

706

Gaming Tables (MGM China)

416 427 527

Gaming Tables (Other Operations)

167 168 126

Gaming Tables

1.88 k1.87 k2.05 k

MGM Resorts Employee Rating

3.51046 votes
Culture & Values
3.3
Work/Life Balance
3.1
Senior Management
2.9
Salary & Benefits
3.7
Career Opportunities
3.4
Source