XML 74 R56.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidating Financial Information - Schedule of Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Information (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Income Statements Captions [Line Items]            
Revenues $ 3,223,243   $ 2,858,695   $ 6,400,154 $ 5,680,932
Equity in subsidiaries' earnings 0   0   0 0
Expenses            
Casino and hotel operations 1,904,820   1,669,414   3,767,195 3,304,624
General and administrative 524,424   438,453   1,049,536 856,343
Corporate expense 108,061   103,438   237,497 202,947
Preopening and start-up expenses 879   19,077   4,166 85,994
Property transactions, net 5,790   16,970   14,566 22,868
Depreciation and amortization 334,788   296,208   651,202 565,030
Total expenses 2,878,762   2,543,560   5,724,162 5,037,806
Income from unconsolidated affiliates 27,004   47,940   65,753 79,706
Operating income 371,485   363,075   741,745 722,832
Interest expense, net of amounts capitalized (215,829)   (181,493)   (431,949) (349,402)
Other non-operating, net (67,753)   (17,449)   (84,225) (28,375)
Income before income taxes 87,903   164,133   225,571 345,055
Benefit (provision) for income taxes (11,734)   (23,710)   (83,245) 61,669
Income from continuing operations, net of tax         142,326  
Income from discontinued operations, net of tax         0  
Net income 76,169   140,423   142,326 406,724
Less: Net income attributable to noncontrolling interests (32,764)   (16,646)   (67,624) (59,503)
Net income attributable to MGM Resorts International 43,405   123,777   74,702 347,221
Foreign currency translation adjustment 26,380 $ (12,405) 1,400 $ (24,152) 13,975 (22,752)
Unrealized gain (loss) on cash flow hedges (26,298)   5,335   (39,621) 19,191
Other comprehensive income (loss) 82   6,735   (25,646) (3,561)
Comprehensive income 76,251   147,158   116,680 403,163
Less: Comprehensive income attributable to noncontrolling interests (34,743)   (19,138)   (59,387) (55,569)
Comprehensive income attributable to MGM Resorts International 41,508   128,020   57,293 347,594
Reportable Legal Entities [Member] | Parent [Member]            
Condensed Income Statements Captions [Line Items]            
Revenues 0   0   0 0
Equity in subsidiaries' earnings 247,282   309,334   509,471 637,601
Expenses            
Casino and hotel operations 2,058   2,562   4,517 5,277
General and administrative 4,361   2,408   20,846 4,758
Corporate expense 44,914   39,707   103,689 79,008
Preopening and start-up expenses 0   0   0 0
Property transactions, net 0   0   0 0
Depreciation and amortization 0   0   0 0
Total expenses 51,333   44,677   129,052 89,043
Income from unconsolidated affiliates 0   0   0 0
Operating income 195,949   264,657   380,419 548,558
Interest expense, net of amounts capitalized (118,410)   (115,531)   (245,063) (225,089)
Other non-operating, net (22,485)   15,356   (3,859) 31,128
Income before income taxes 55,054   164,482   131,497 354,597
Benefit (provision) for income taxes (11,649)   (40,705)   (56,795) (7,376)
Income from continuing operations, net of tax         74,702  
Income from discontinued operations, net of tax         0  
Net income 43,405   123,777   74,702 347,221
Less: Net income attributable to noncontrolling interests 0   0   0 0
Net income attributable to MGM Resorts International 43,405   123,777   74,702 347,221
Foreign currency translation adjustment 14,754   583   7,848 (12,785)
Unrealized gain (loss) on cash flow hedges (16,651)   3,660   (25,257) 13,158
Other comprehensive income (loss) (1,897)   4,243   (17,409) 373
Comprehensive income 41,508   128,020   57,293 347,594
Less: Comprehensive income attributable to noncontrolling interests 0   0   0 0
Comprehensive income attributable to MGM Resorts International 41,508   128,020   57,293 347,594
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]            
Condensed Income Statements Captions [Line Items]            
Revenues 2,075,487   1,937,394   4,079,614 3,827,187
Equity in subsidiaries' earnings 26,291   22,519   66,388 67,054
Expenses            
Casino and hotel operations 1,188,214   1,094,872   2,337,515 2,144,891
General and administrative 569,622   315,659   1,091,988 626,509
Corporate expense 54,037   53,652   107,044 104,059
Preopening and start-up expenses 943   1,937   2,157 8,679
Property transactions, net 4,348   17,083   12,162 22,225
Depreciation and amortization 106,683   158,753   211,776 315,400
Total expenses 1,923,847   1,641,956   3,762,642 3,221,763
Income from unconsolidated affiliates 31,357   48,294   68,412 79,926
Operating income 209,288   366,251   451,772 752,404
Interest expense, net of amounts capitalized (209)   (156)   (417) (293)
Other non-operating, net 24,356   (118,368)   109,570 (226,318)
Income before income taxes 233,435   247,727   560,925 525,793
Benefit (provision) for income taxes (3)   0   (8) 0
Income from continuing operations, net of tax         560,917  
Income from discontinued operations, net of tax         0  
Net income 233,432   247,727   560,917 525,793
Less: Net income attributable to noncontrolling interests (1,422)   0   (2,859) 0
Net income attributable to MGM Resorts International 232,010   247,727   558,058 525,793
Foreign currency translation adjustment 14,754   583   7,848 (12,785)
Unrealized gain (loss) on cash flow hedges 0   0   0 0
Other comprehensive income (loss) 14,754   583   7,848 (12,785)
Comprehensive income 248,186   248,310   568,765 513,008
Less: Comprehensive income attributable to noncontrolling interests 0   0   0 0
Comprehensive income attributable to MGM Resorts International 248,186   248,310   568,765 513,008
Reportable Legal Entities [Member] | Non-Guarantor MGP Subsidiaries [Member]            
Condensed Income Statements Captions [Line Items]            
Revenues 225,759   220,390   429,182 436,229
Equity in subsidiaries' earnings 0   0   0 0
Expenses            
Casino and hotel operations 0   0   0 0
General and administrative 5,918   27,219   11,479 49,718
Corporate expense 3,960   10,746   16,989 21,227
Preopening and start-up expenses 0   0   0 0
Property transactions, net 310   14,426   1,423 18,512
Depreciation and amortization 79,543   67,474   151,105 136,465
Total expenses 89,731   119,865   180,996 225,922
Income from unconsolidated affiliates 0   0   0 0
Operating income 136,028   100,525   248,186 210,307
Interest expense, net of amounts capitalized (63,977)   (49,276)   (127,925) (98,506)
Other non-operating, net (261)   (1,927)   1,448 (3,079)
Income before income taxes 71,790   49,322   121,709 108,722
Benefit (provision) for income taxes (4,021)   (1,263)   (3,792) (2,494)
Income from continuing operations, net of tax         117,917  
Income from discontinued operations, net of tax         16,216  
Net income 67,769   48,059   134,133 106,228
Less: Net income attributable to noncontrolling interests (21,858)   (13,146)   (41,813) (28,976)
Net income attributable to MGM Resorts International 45,911   34,913   92,320 77,252
Foreign currency translation adjustment 0   0   0 0
Unrealized gain (loss) on cash flow hedges (30,775)   6,281   (46,387) 22,636
Other comprehensive income (loss) (30,775)   6,281   (46,387) 22,636
Comprehensive income 36,994   54,340   87,746 128,864
Less: Comprehensive income attributable to noncontrolling interests (12,211)   (14,821)   (27,449) (35,009)
Comprehensive income attributable to MGM Resorts International 24,783   39,519   60,297 93,855
Reportable Legal Entities [Member] | Non-Guarantor Other Subsidiaries [Member]            
Condensed Income Statements Captions [Line Items]            
Revenues 1,147,755   921,382   2,320,540 1,854,329
Equity in subsidiaries' earnings 0   0   0 0
Expenses            
Casino and hotel operations 714,548   572,061   1,436,186 1,155,040
General and administrative 188,511   120,386   377,460 225,076
Corporate expense 5,150   5,192   9,775 10,544
Preopening and start-up expenses (64)   17,140   2,009 77,315
Property transactions, net 1,185   (113)   981 643
Depreciation and amortization 147,159   137,440   288,321 249,588
Total expenses 1,056,489   852,106   2,114,732 1,718,206
Income from unconsolidated affiliates (4,353)   (354)   (2,659) (220)
Operating income 86,913   68,922   203,149 135,903
Interest expense, net of amounts capitalized (33,233)   (16,530)   (58,544) (25,514)
Other non-operating, net (13,033)   (49,288)   (10,569) (95,975)
Income before income taxes 40,647   3,104   134,036 14,414
Benefit (provision) for income taxes 3,939   18,258   (22,650) 71,539
Income from continuing operations, net of tax         111,386  
Income from discontinued operations, net of tax         0  
Net income 44,586   21,362   111,386 85,953
Less: Net income attributable to noncontrolling interests (9,891)   (3,500)   (22,952) (30,527)
Net income attributable to MGM Resorts International 34,695   17,862   88,434 55,426
Foreign currency translation adjustment 26,380   1,400   13,975 (22,752)
Unrealized gain (loss) on cash flow hedges 0   0   0 0
Other comprehensive income (loss) 26,380   1,400   13,975 (22,752)
Comprehensive income 70,966   22,762   125,361 63,201
Less: Comprehensive income attributable to noncontrolling interests (22,532)   (4,317)   (31,938) (20,560)
Comprehensive income attributable to MGM Resorts International 48,434   18,445   93,423 42,641
Elimination [Member]            
Condensed Income Statements Captions [Line Items]            
Revenues (225,758)   (220,471)   (429,182) (436,813)
Equity in subsidiaries' earnings (273,573)   (331,853)   (575,859) (704,655)
Expenses            
Casino and hotel operations 0   (81)   (11,023) (584)
General and administrative (243,988)   (27,219)   (452,237) (49,718)
Corporate expense 0   (5,859)   0 (11,891)
Preopening and start-up expenses 0   0   0 0
Property transactions, net (53)   (14,426)   0 (18,512)
Depreciation and amortization 1,403   (67,459)   0 (136,423)
Total expenses (242,638)   (115,044)   (463,260) (217,128)
Income from unconsolidated affiliates 0   0   0 0
Operating income (256,693)   (437,280)   (541,781) (924,340)
Interest expense, net of amounts capitalized 0   0   0 0
Other non-operating, net (56,330)   136,778   (180,815) 265,869
Income before income taxes (313,023)   (300,502)   (722,596) (658,471)
Benefit (provision) for income taxes 0   0   0 0
Income from continuing operations, net of tax         (722,596)  
Income from discontinued operations, net of tax         (16,216)  
Net income (313,023)   (300,502)   (738,812) (658,471)
Less: Net income attributable to noncontrolling interests 407   0   0 0
Net income attributable to MGM Resorts International (312,616)   (300,502)   (738,812) (658,471)
Foreign currency translation adjustment (29,508)   (1,166)   (15,696) 25,570
Unrealized gain (loss) on cash flow hedges 21,128   (4,606)   32,023 (16,603)
Other comprehensive income (loss) (8,380)   (5,772)   16,327 8,967
Comprehensive income (321,403)   (306,274)   (722,485) (649,504)
Less: Comprehensive income attributable to noncontrolling interests 0   0   0 0
Comprehensive income attributable to MGM Resorts International $ (321,403)   $ (306,274)   $ (722,485) $ (649,504)