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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenue $ 2,707,539 $ 1,125,920 $ 6,623,248 $ 3,668,546
Expenses        
General and administrative 623,275 543,293 1,759,891 1,591,163
Corporate expense 112,114 70,437 287,021 356,823
Preopening and start-up expenses 1,547 11 1,642 51
Property transactions, net 3,677 4,116 842 85,440
Gain on REIT transactions, net 0 0 0 (1,491,945)
Gain on consolidation of CityCenter, net (1,562,329) 0 (1,562,329) 0
Depreciation and amortization 279,403 294,363 853,579 911,859
Total expenses 849,868 1,641,737 4,806,266 3,995,442
Income from unconsolidated affiliates 35,111 20,635 92,870 48,030
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)
Non-operating income (expense) (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)
Earnings (loss) per share        
Basic (in dollars per share) $ 2.81 $ (1.08) $ 2.19 $ (1.10)
Diluted (in dollars per share) $ 2.77 $ (1.08) $ 2.17 $ (1.10)
Weighted average common shares outstanding        
Basic (in shares) 478,405 493,517 487,509 494,126
Diluted (in shares) 484,215 493,517 493,184 494,126
Casino        
Revenues        
Total revenue $ 1,400,337 $ 690,218 $ 3,835,094 $ 1,907,893
Expenses        
Cost of revenues 640,041 368,310 1,808,849 1,197,373
Rooms        
Revenues        
Total revenue 490,460 175,450 1,053,907 641,024
Expenses        
Cost of revenues 160,864 107,361 402,364 321,221
Food and beverage        
Revenues        
Total revenue 416,478 126,317 876,556 552,797
Expenses        
Cost of revenues 301,963 133,937 651,349 533,879
Entertainment, retail and other        
Revenues        
Total revenue 315,693 101,618 639,926 420,132
Expenses        
Cost of revenues 204,742 87,592 385,293 342,878
Reimbursed costs        
Revenues        
Total revenue 84,571 32,317 217,765 146,700
Expenses        
Cost of revenues $ 84,571 $ 32,317 $ 217,765 $ 146,700