XML 53 R35.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Other Intangible Assets | Goodwill and other intangible assets consisted of the following:
|  | December 31,
|  | 2021 |  | 2020
|  | (In thousands)
Goodwill |  | $ | 3,480,997 |  |  | $ | 2,091,278 |
Indefinite-lived intangible assets: |  |  |  |
Detroit development rights |  | $ | 98,098 |  |  | $ | 98,098 |
MGM Northfield Park and Empire City racing and gaming licenses |  | 280,000 |  |  | 280,000 |
Trademarks and other |  | 479,238 |  |  | 299,238 |
Total indefinite-lived intangible assets |  | 857,336 |  |  | 677,336 |
Finite-lived intangible assets: |  |  |  |
MGM Grand Paradise gaming subconcession |  | 4,516,532 |  |  | 4,541,990 |
Less: Accumulated amortization |  | (1,865,219) |  |  | (1,697,481) |
|  | 2,651,313 |  |  | 2,844,509 |
MGM National Harbor and MGM Springfield gaming licenses |  | 106,600 |  |  | 106,600 |
Less: Accumulated amortization |  | (26,209) |  |  | (19,102) |
|  | 80,391 |  |  | 87,498 |
Other finite-lived intangible assets |  | 65,207 |  |  | 60,649 |
Less: Accumulated amortization |  | (37,862) |  |  | (26,244) |
|  | 27,345 |  |  | 34,405 |
Total finite-lived intangible assets, net |  | 2,759,049 |  |  | 2,966,412 |
Total other intangible assets, net |  | $ | 3,616,385 |  |  | $ | 3,643,748 |
Summary of Changes in Company's Goodwill by Reportable Segment | A summary of changes in the Company’s goodwill by reportable segment is as follows:
|  | 2021
|  | Balance at January 1 |  | Acquisitions |  | Currency exchange |  | Balance at December 31
|  | (In thousands)
Goodwill, net by segment: |  |  |  |  |  |  |  |
Las Vegas Strip Resorts |  | $ | 30,452 |  |  | $ | 1,397,338 |  |  | $ | — |  |  | $ | 1,427,790 |
Regional Operations |  | 701,463 |  |  | — |  |  | — |  |  | 701,463 |
MGM China |  | 1,359,363 |  |  | — |  |  | (7,619) |  |  | 1,351,744 |
|  | $ | 2,091,278 |  |  | $ | 1,397,338 |  |  | $ | (7,619) |  |  | $ | 3,480,997 |
|  | 2020
|  | Balance at January 1 |  | Acquisitions |  | Currency exchange |  | Balance at December 31
|  | (In thousands)
Goodwill, net by segment: |  |  |  |  |  |  |  |
Las Vegas Strip Resorts |  | $ | 30,452 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,452 |
Regional Operations |  | 701,463 |  |  | — |  |  | — |  |  | 701,463 |
MGM China |  | 1,352,649 |  |  | — |  |  | 6,714 |  |  | 1,359,363 |
|  | $ | 2,084,564 |  |  | $ | — |  |  | $ | 6,714 |  |  | $ | 2,091,278 |
Schedule of Estimated Future Amortization | As of December 31, 2021, estimated future amortization is as follows:
Years ending December 31, |  | (In thousands)
2022 |  | $ | 190,257 |
2023 |  | 177,982 |
2024 |  | 175,995 |
2025 |  | 174,210 |
2026 |  | 172,424 |
Thereafter |  | 1,868,181 |
|  | $ | 2,759,049 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: 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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration