XML 96 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Basis of Presentation and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis:

 

Buildings and improvements

 

15 to 40 years

Land improvements

 

10 to 20 years

Furniture and fixtures

 

3 to 20 years

Equipment

 

3 to 15 years

Schedule of Contract and Contract - Related Liabilities

The following table summarizes the activity related to contract and contract-related liabilities:

 

 

Outstanding Chip Liability

 

 

Loyalty Program

 

 

Customer Advances and Other

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

(in thousands)

 

Balance at January 1

$

323,811

 

 

$

597,753

 

 

$

113,293

 

 

$

91,119

 

 

$

667,285

 

 

$

539,626

 

Balance at December 31

 

314,570

 

 

 

323,811

 

 

 

126,966

 

 

 

113,293

 

 

 

481,095

 

 

 

667,285

 

Increase / (decrease)

$

(9,241

)

 

$

(273,942

)

 

$

13,673

 

 

$

22,174

 

 

$

(186,190

)

 

$

127,659

 

Schedule of Diluted Weighted-Average Number of Common and Common Equivalent Shares Adjustments for Potential Dilution of Share-Based Awards Outstanding Diluted weighted-average common and common equivalent shares include adjustments for potential dilution of share-based awards outstanding under the Company’s stock compensation plan.

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Numerator:

 

(In thousands)

 

Net income attributable to MGM Resorts International

 

$

2,049,146

 

 

$

466,772

 

 

$

1,952,052

 

Adjustment related to redeemable noncontrolling interests

 

 

(2,713

)

 

 

(21,326

)

 

 

(18,363

)

Net income available to common stockholders - basic

 

 

2,046,433

 

 

 

445,446

 

 

 

1,933,689

 

Potentially dilutive effect due to MGP and MGM China stock compensation plans

 

 

(194

)

 

 

(206

)

 

 

(268

)

Net income attributable to common stockholders - diluted

 

$

2,046,239

 

 

$

445,240

 

 

$

1,933,421

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding basic

 

 

524,173

 

 

 

544,253

 

 

 

572,253

 

Potential dilution from share-based awards

 

 

3,472

 

 

 

5,283

 

 

 

6,542

 

Weighted-average common and common equivalent shares - diluted

 

 

527,645

 

 

 

549,536

 

 

 

578,795

 

Antidilutive share-based awards excluded from the calculation of diluted earnings per share

 

 

1,617

 

 

 

2,668

 

 

 

2,601