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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present the Company’s segment information:

	Three Months Ended								Six Months Ended
	June 30,								June 30,
	2021				2020				2021				2020
	(In thousands)
Net revenue
Las Vegas Strip Resorts
Casino	$	353,473			$	63,028			$	585,567			$	337,701
Rooms		298,714				26,105				443,043				388,969
Food and beverage		215,631				21,026				306,050				309,789
Entertainment, retail and other		136,750				40,652				214,872				248,158
		1,004,568				150,811				1,549,532				1,284,617
Regional Operations
Casino		707,864				77,177				1,304,519				613,807
Rooms		48,924				4,181				89,503				60,060
Food and beverage		69,149				4,314				119,513				99,406
Entertainment, retail and other		30,345				3,592				54,098				41,651
		856,282				89,264				1,567,633				814,924
MGM China
Casino		270,935				23,284				532,539				263,698
Rooms		17,389				1,335				30,902				16,544
Food and beverage		17,886				4,431				34,515				17,211
Entertainment, retail and other		4,421				4,148				9,029				7,632
		310,631				33,198				606,985				305,085
Reportable segment net revenues		2,171,481				273,273				3,724,150				2,404,626
Corporate and other		96,481				16,536				191,559				138,000
	$	2,267,962			$	289,809			$	3,915,709			$	2,542,626
Adjusted Property EBITDAR
Las Vegas Strip Resorts	$	396,805			$	(104,447	)		$	504,924			$	163,152
Regional Operations		318,348				(112,085	)			560,330				39,635
MGM China		8,581				(116,288	)			13,356				(138,278	)
Reportable segment Adjusted Property EBITDAR		723,734				(332,820	)			1,078,610				64,509
Other operating income (expense)
Corporate and other, net		(106,977	)			(159,342	)			(243,968	)			(261,579	)
Preopening and start-up expenses		(90	)			82				(95	)			(40	)
Property transactions, net		28,906				(26,349	)			2,835				(81,324	)
Gain on REIT transactions, net		—				—				—				1,491,945
Depreciation and amortization		(283,625	)			(299,206	)			(574,176	)			(617,496	)
CEO transition expense		—				—				—				(44,401	)
October 1 litigation settlement		—				(49,000	)			—				(49,000	)
Restructuring		—				(19,882	)			—				(19,882	)
Triple-net operating lease and ground lease rent expense		(189,609	)			(189,567	)			(379,229	)			(331,485	)
Gain related to sale of Harmon land - unconsolidated affiliate		49,755				—				49,755				—
Income from unconsolidated affiliates related to real estate ventures		41,666				41,555				83,338				65,069
Operating income (loss)		263,760				(1,034,529	)			17,070				216,316
Non-operating income (expense)
Interest expense, net of amounts capitalized		(202,772	)			(156,756	)			(398,067	)			(313,893	)
Non-operating items from unconsolidated affiliates		(23,216	)			(23,761	)			(44,052	)			(56,382	)
Other, net		87,358				8,321				119,543				(115,943	)
		(138,630	)			(172,196	)			(322,576	)			(486,218	)
Income (loss) before income taxes		125,130				(1,206,725	)			(305,506	)			(269,902	)
Benefit (provision) for income taxes		(34,826	)			270,238				59,872				7,934
Net income (loss)		90,304				(936,487	)			(245,634	)			(261,968	)
Less: Net loss attributable to noncontrolling interests		14,449				79,230				18,558				211,580
Net income (loss) attributable to MGM Resorts International	$	104,753			$	(857,257	)		$	(227,076	)		$	(50,388	)

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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No definition available.

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