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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present the Company’s segment information:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
			(In thousands)
Net revenue
Las Vegas Strip Resorts
Casino			$	422,541					$	189,358					$	1,008,108					$	527,059
Rooms			403,010						137,869						846,053						526,838
Food and beverage			308,522						81,429						614,572						391,218
Entertainment, retail and other			246,894						72,762						461,766						320,920
			1,380,967						481,418						2,930,499						1,766,035
Regional Operations
Casino			719,630						464,789						2,024,149						1,078,596
Rooms			70,766						34,782						160,269						94,842
Food and beverage			92,148						38,646						211,661						138,052
Entertainment, retail and other			42,579						18,609						96,677						60,260
			925,123						556,826						2,492,756						1,371,750
MGM China
Casino			252,445						35,297						784,984						298,995
Rooms			16,683						2,800						47,585						19,344
Food and beverage			15,808						6,240						50,323						23,451
Entertainment, retail and other			4,123						2,530						13,152						10,162
			289,059						46,867						896,044						351,952
Reportable segment net revenues			2,595,149						1,085,111						6,319,299						3,489,737
Corporate and other			112,390						40,809						303,949						178,809
			$	2,707,539					$	1,125,920					$	6,623,248					$	3,668,546
Adjusted Property EBITDAR
Las Vegas Strip Resorts			$	534,548					$	15,125					$	1,039,472					$	178,277
Regional Operations			348,234						145,734						908,564						185,369
MGM China			6,996						(96,446)						20,352						(234,724)
Reportable segment Adjusted Property EBITDAR			889,778						64,413						1,968,388						128,922
Other operating income (expense)
Corporate and other, net			(124,745)						(113,190)						(368,713)						(374,769)

Preopening and start-up expenses			(1,547)						(11)						(1,642)						(51)
Property transactions, net			(3,677)						(4,116)						(842)						(85,440)
Depreciation and amortization			(279,403)						(294,363)						(853,579)						(911,859)
Gain on REIT transactions, net			—						—						—						1,491,945
Gain on consolidation of CityCenter, net			1,562,329						—						1,562,329						—
CEO transition expense			—						—						—						(44,401)
October 1 litigation settlement			—						—						—						(49,000)
Restructuring			—						—						—						(19,882)
Triple-net operating lease and ground lease rent expense			(191,622)						(189,602)						(570,851)						(521,087)
Gain related to sale of Harmon land - unconsolidated affiliate			—						—						49,755						—
Income from unconsolidated affiliates related to real estate ventures			41,669						41,687						125,007						106,756
Operating income (loss)			1,892,782						(495,182)						1,909,852						(278,866)
Non-operating income (expense)
Interest expense, net of amounts capitalized			(200,049)						(173,808)						(598,116)						(487,701)
Non-operating items from unconsolidated affiliates			(23,421)						(23,604)						(67,473)						(79,986)
Other, net			(49,241)						13,889						70,302						(102,054)
			(272,711)						(183,523)						(595,287)						(669,741)
Income (loss) before income taxes			1,620,071						(678,705)						1,314,565						(948,607)
Benefit (provision) for income taxes			(282,135)						76,734						(222,263)						84,668
Net income (loss)			1,337,936						(601,971)						1,092,302						(863,939)
Less: Net loss attributable to noncontrolling interests			12,497						67,240						31,055						278,820
Net income (loss) attributable to MGM Resorts International			$	1,350,433					$	(534,731)					$	1,123,357					$	(585,119)

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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
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-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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