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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ (1,319,907) $ 2,214,380 $ 583,894
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,210,556 1,304,649 1,178,044
Amortization of debt discounts, premiums and issuance costs 34,363 38,972 41,102
Loss on early retirement of debt 126,462 198,151 3,619
Provision for credit losses 71,422 39,270 39,762
Stock-based compensation 106,956 88,838 70,177
Property transactions, net 93,567 275,802 9,147
Gain on REIT transactions, net (1,491,945) (2,677,996) 0
Noncash lease expense 183,399 71,784 0
Loss (income) from unconsolidated affiliates 60,366 (57,225) (96,542)
Distributions from unconsolidated affiliates 86,584 299 11,563
Deferred income taxes 18,347 595,046 46,720
Change in operating assets and liabilities:      
Accounts receivable 960,099 (726,610) (149,554)
Inventories 14,705 6,522 (7,860)
Income taxes receivable and payable, net (216,250) 1,259 14,120
Prepaid expenses and other (37) 7,567 (8,656)
Accounts payable and accrued liabilities (1,382,980) 465,602 21,508
Other (48,750) (35,909) (34,505)
Net cash provided by (used in) operating activities (1,493,043) 1,810,401 1,722,539
Cash flows from investing activities      
Capital expenditures, net of construction payable (270,579) (739,006) (1,486,843)
Dispositions of property and equipment 6,136 2,578 25,612
Proceeds from transaction 2,455,839 0 0
Proceeds from sale of Circus Circus Las Vegas and adjacent land 0 652,333 0
Proceeds from sale of business units and investment in unconsolidated affiliate 0 0 163,616
Investments in unconsolidated affiliates (96,925) (81,877) (56,295)
Distributions from unconsolidated affiliates 63,960 100,700 322,631
Other 873 (31,112) (17,208)
Net cash provided by (used in) investing activities 2,159,304 3,519,434 (2,083,021)
Cash flows from financing activities      
Net borrowings (repayments) under bank credit facilities – maturities of 90 days or less (1,595,089) (3,634,049) 1,242,259
Issuance of long-term debt 3,550,000 3,250,000 1,000,000
Retirement of senior notes (846,815) (3,764,167) (2,265)
Debt issuance costs (62,348) (63,391) (76,519)
Proceeds from issuance of bridge loan facility 1,304,625 0 0
Issuance of MGM Growth Properties Class A shares, net 524,704 1,250,006 0
Dividends paid to common shareholders (77,606) (271,288) (260,592)
Distributions to noncontrolling interest owners (286,385) (223,303) (184,932)
Purchases of common stock (353,720) (1,031,534) (1,283,333)
Other (53,939) (41,868) (45,384)
Net cash provided by (used in) financing activities 2,103,427 (4,529,594) 389,234
Effect of exchange rate on cash 2,345 2,601 (1,985)
Cash and cash equivalents      
Net increase for the period 2,772,033 802,842 26,767
Balance, beginning of period 2,329,604 1,526,762 1,499,995
Balance, end of period 5,101,637 2,329,604 1,526,762
Supplemental cash flow disclosures      
Interest paid, net of amounts capitalized 639,718 826,970 723,609
Federal, state and foreign income taxes paid (refunds received), net 8,543 28,493 (10,100)
Non-cash investing and financing activities      
Note receivable related to sale of Circus Circus Las Vegas and adjacent land 0 133,689 0
MGP BREIT Venture assumption of bridge loan facility 1,304,625 0 0
Bellagio BREIT Venture [Member]      
Cash flows from investing activities      
Proceeds from transaction 0 4,151,499 0
Non-cash investing and financing activities      
Investment in venture 0 62,133 0
MGP BREIT Venture [Member]      
Non-cash investing and financing activities      
Investment in venture 802,000 0 0
Northfield [Member]      
Cash flows from investing activities      
Acquisition, net of cash acquired 0 0 (1,034,534)
Empire City [Member]      
Cash flows from investing activities      
Acquisition, net of cash acquired $ 0 $ (535,681) $ 0