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