CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenues | ||||
| Total revenue | $ 4,404,870 | $ 4,327,375 | $ 8,681,952 | $ 8,710,845 |
| Expenses | ||||
| General and administrative | 1,213,691 | 1,210,968 | 2,378,589 | 2,405,650 |
| Corporate expense | 124,096 | 124,078 | 266,447 | 253,744 |
| Preopening and start-up expenses | 849 | 855 | 934 | 1,950 |
| Property transactions, net | 125 | 16,477 | 15,593 | 33,631 |
| Depreciation and amortization | 241,975 | 191,976 | 478,419 | 388,538 |
| Total expenses | 4,026,165 | 3,867,535 | 7,905,294 | 7,767,503 |
| Income (loss) from unconsolidated affiliates | 25,860 | (34,184) | 12,964 | (59,308) |
| Operating income | 404,565 | 425,656 | 789,622 | 884,034 |
| Non-operating income (expense) | ||||
| Interest expense, net of amounts capitalized | (105,584) | (112,739) | (212,853) | (222,776) |
| Non-operating items from unconsolidated affiliates | (4,055) | 1,762 | (3,793) | 1,626 |
| Other, net | (161,170) | (43,431) | (172,436) | (48,237) |
| Non-operating income (expense) | (270,809) | (154,408) | (389,082) | (269,387) |
| Income before income taxes | 133,756 | 271,248 | 400,540 | 614,647 |
| Benefit (provision) for income taxes | (15,662) | 11,554 | (55,715) | (32,119) |
| Net income | 118,094 | 282,802 | 344,825 | 582,528 |
| Less: Net income attributable to noncontrolling interests | (69,143) | (95,730) | (147,320) | (177,980) |
| Net income attributable to MGM Resorts International | $ 48,951 | $ 187,072 | $ 197,505 | $ 404,548 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.18 | $ 0.60 | $ 0.70 | $ 1.28 |
| Diluted (in dollars per share) | $ 0.18 | $ 0.60 | $ 0.70 | $ 1.27 |
| Weighted average common shares outstanding | ||||
| Basic (in shares) | 273,329 | 311,179 | 280,199 | 315,837 |
| Diluted (in shares) | 275,615 | 314,420 | 282,328 | 319,092 |
| Casino | ||||
| Revenues | ||||
| Total revenue | $ 2,329,798 | $ 2,212,759 | $ 4,581,946 | $ 4,453,854 |
| Expenses | ||||
| Cost of sales | 1,333,850 | 1,221,755 | 2,578,160 | 2,493,599 |
| Rooms | ||||
| Revenues | ||||
| Total revenue | 860,401 | 898,998 | 1,723,809 | 1,855,399 |
| Expenses | ||||
| Cost of sales | 272,066 | 277,849 | 552,915 | 552,257 |
| Food and beverage | ||||
| Revenues | ||||
| Total revenue | 778,179 | 802,138 | 1,548,352 | 1,571,541 |
| Expenses | ||||
| Cost of sales | 576,633 | 571,430 | 1,136,928 | 1,129,510 |
| Entertainment, retail and other | ||||
| Revenues | ||||
| Total revenue | 436,492 | 413,480 | 827,845 | 830,051 |
| Expenses | ||||
| Cost of sales | $ 262,880 | $ 252,147 | $ 497,309 | $ 508,624 |
| X | ||||||||||
- Definition Corporate income expense. No definition available.
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- Definition This item represents the entity's proportionate share for the period of the operating income (loss) of its investees (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied, excluding pre-opening expenses. Such amount typically reflects adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment. No definition available.
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| X | ||||||||||
- Definition This item represents the entity's proportionate share during the period of the non-operating income (loss) of its investees (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. No definition available.
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- Definition Preopening and start-up income (expense). No definition available.
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- Definition Property transactions such as write-downs and impairments. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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