XML 68 R39.htm IDEA: XBRL DOCUMENT v3.20.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss Attributable to MGM Resorts International by Component

Changes in accumulated other comprehensive loss attributable to MGM Resorts International are as follows:

 

 

 

Currency Translation Adjustments

 

 

Cash Flow Hedges

 

 

Other

 

 

Total

 

 

 

(In thousands)

 

Balances, January 1, 2018

 

$

(11,450

)

 

$

6,668

 

 

$

1,172

 

 

$

(3,610

)

Other comprehensive income (loss) before reclassifications

 

 

(13,022

)

 

 

4,706

 

 

 

 

 

 

(8,316

)

Amounts reclassified from accumulated other comprehensive loss to interest expense

 

 

 

 

 

(1,130

)

 

 

 

 

 

(1,130

)

Other comprehensive income (loss), net of tax

 

 

(13,022

)

 

 

3,576

 

 

 

 

 

 

(9,446

)

Other comprehensive (income) loss attributable to noncontrolling interest

 

 

5,600

 

 

 

(1,100

)

 

 

 

 

 

4,500

 

Balances, December 31, 2018

 

 

(18,872

)

 

 

9,144

 

 

 

1,172

 

 

 

(8,556

)

Other comprehensive income (loss) before reclassifications

 

 

28,870

 

 

 

(28,783

)

 

 

 

 

 

87

 

Amounts reclassified from accumulated other comprehensive loss to interest expense

 

 

 

 

 

(5,599

)

 

 

 

 

 

(5,599

)

Amounts reclassified from accumulated other comprehensive loss related to de-designation of interest rate swaps to "Other, net"

 

 

 

 

 

4,877

 

 

 

 

 

 

4,877

 

Other comprehensive income (loss), net of tax

 

 

28,870

 

 

 

(29,505

)

 

 

 

 

 

(635

)

Other changes in accumulated other comprehensive loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Empire City MGP transaction

 

 

 

 

 

 

 

 

195

 

 

 

195

 

MGP Class A share issuances

 

 

 

 

 

 

 

 

1,512

 

 

 

1,512

 

Park MGM Transaction

 

 

 

 

 

 

 

 

16

 

 

 

16

 

Northfield OpCo transaction

 

 

 

 

 

 

 

 

(2

)

 

 

(2

)

Other

 

 

 

 

 

 

 

 

481

 

 

 

481

 

Changes in accumulated other comprehensive loss

 

 

28,870

 

 

 

(29,505

)

 

 

2,202

 

 

 

1,567

 

Other comprehensive (income) loss attributable to noncontrolling interest

 

 

(12,745

)

 

 

9,532

 

 

 

 

 

 

(3,213

)

Balances, December 31, 2019

 

 

(2,747

)

 

 

(10,829

)

 

 

3,374

 

 

 

(10,202

)

Other comprehensive income (loss) before reclassifications

 

 

27,762

 

 

 

(94,740

)

 

 

 

 

 

(66,978

)

Amounts reclassified from accumulated other comprehensive loss to interest expense

 

 

 

 

 

17,922

 

 

 

 

 

 

17,922

 

Amounts reclassified from accumulated other comprehensive loss to "Other, net"

 

 

 

 

 

(2,547

)

 

 

 

 

 

(2,547

)

Other comprehensive income (loss), net of tax

 

 

27,762

 

 

 

(79,365

)

 

 

 

 

 

(51,603

)

Other changes in accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MGP Class A share issuances

 

 

 

 

 

 

 

 

646

 

 

 

646

 

MGP BREIT Venture Transaction

 

 

 

 

 

 

 

 

(59

)

 

 

(59

)

Redemption of Operating Partnership units

 

 

 

 

 

 

 

 

8,773

 

 

 

8,773

 

Other

 

 

 

 

 

 

 

 

(1,018

)

 

 

(1,018

)

Changes in accumulated other comprehensive loss

 

 

27,762

 

 

 

(79,365

)

 

 

8,342

 

 

 

(43,261

)

Other comprehensive (income) loss attributable to noncontrolling interest

 

 

(12,051

)

 

 

34,837

 

 

 

 

 

 

22,786

 

Balances, December 31, 2020

 

$

12,964

 

 

$

(55,357

)

 

$

11,716

 

 

$

(30,677

)

Summary of Net Income Attributable to and Transfers from Noncontrolling Interest, Which Shows Effects of Changes in Company's Ownership Interest in a Subsidiary

The following is a summary of net income attributable to MGM Resorts International and transfers to noncontrolling interest, which shows the effects of changes in the Company’s ownership interest in a subsidiary on the equity attributable to the Company:

 

 

 

For the Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Net income (loss) attributable to MGM Resorts International

 

$

(1,032,724

)

 

$

2,049,146

 

 

$

466,772

 

Transfers from/(to) noncontrolling interest:

 

 

 

 

 

 

 

 

 

 

 

 

MGP Class A share issuances

 

 

64,834

 

 

 

151,976

 

 

 

 

MGP BREIT Venture Transaction

 

 

(6,562

)

 

 

 

 

 

 

Redemption of Operating Partnership units

 

 

92,632

 

 

 

 

 

 

 

Empire City MGP transaction

 

 

 

 

 

(18,718

)

 

 

 

Park MGM Transaction

 

 

 

 

 

(1,968

)

 

 

 

Northfield OpCo transaction

 

 

 

 

 

21,679

 

 

 

 

Other

 

 

(1,759

)

 

 

(935

)

 

 

(5,667

)

Net transfers from/(to) noncontrolling interest

 

 

149,145

 

 

 

152,034

 

 

 

(5,667

)

Change from net income attributable to MGM Resorts International and transfers to noncontrolling interest

 

$

(883,579

)

 

$

2,201,180

 

 

$

461,105