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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present the Company’s segment information:

						Year Ended December 31,
						2021						2020						2019
						(In thousands)
Net revenue
Las Vegas Strip Resorts
Casino						$	1,549,419					$	728,254					$	1,296,170
Rooms						1,402,712						662,813						1,863,521
Food and beverage						1,015,366						471,529						1,517,745
Entertainment, retail and other						769,688						383,189						1,153,615
						4,737,185						2,245,785						5,831,051
Regional Operations
Casino						2,721,515						1,569,193						2,537,780
Rooms						220,828						130,945						316,753
Food and beverage						307,750						184,153						494,243
Entertainment, retail and other						142,270						82,880						201,008
						3,392,363						1,967,171						3,549,784
MGM China
Casino						1,057,962						565,671						2,609,806
Rooms						66,498						36,624						142,306
Food and beverage						68,489						40,284						127,152
Entertainment, retail and other						17,812						14,124						26,158
						1,210,761						656,703						2,905,422
Reportable segment net revenues						9,340,309						4,869,659						12,286,257
Corporate and other						339,831						292,423						613,415
						$	9,680,140					$	5,162,082					$	12,899,672
Adjusted Property EBITDAR
Las Vegas Strip Resorts						$	1,738,211					$	232,188					$	1,643,122
Regional Operations						1,217,814						343,990						969,866
MGM China						25,367						(193,832)						734,729
Reportable segment Adjusted Property EBITDAR						2,981,392						382,346						3,347,717
Other operating income (expense)
Corporate and other, net						(560,309)						(530,843)						(331,621)
Preopening and start-up expenses						(5,094)						(84)						(7,175)
Property transactions, net						67,736						(93,567)						(275,802)
Depreciation and amortization						(1,150,610)						(1,210,556)						(1,304,649)
Gain on REIT transactions, net						—						1,491,945						2,677,996
Gain on consolidation of CityCenter, net						1,562,329						—						—
CEO transition expense						—						(44,401)						—
October 1 litigation settlement						—						(49,000)						—
Restructuring						—						(26,025)						(92,139)
Triple-net operating lease and ground lease rent expense						(833,158)						(710,683)						(74,656)
Gain related to sale of Harmon land - unconsolidated affiliate						49,755						—						—
Income from unconsolidated affiliates related to real estate ventures						166,658						148,434						544
Operating income (loss)						2,278,699						(642,434)						3,940,215
Non-operating income (expense)
Interest expense, net of amounts capitalized						(799,593)						(676,380)						(847,932)
Non-operating items from unconsolidated affiliates						(83,243)						(103,304)						(62,296)
Other, net						65,941						(89,361)						(183,262)
						(816,895)						(869,045)						(1,093,490)
Income (loss) before income taxes						1,461,804						(1,511,479)						2,846,725
Benefit (provision) for income taxes						(253,415)						191,572						(632,345)
Net income (loss)						1,208,389						(1,319,907)						2,214,380
Less: Net (income) loss attributable to noncontrolling interests						45,981						287,183						(165,234)
Net income (loss) attributable to MGM Resorts International						$	1,254,370					$	(1,032,724)					$	2,049,146

						Year Ended December 31,
						2021						2020						2019
Capital expenditures:						(In thousands)
Las Vegas Strip Resorts						$	266,944					$	87,511					$	285,863
Regional Operations						77,406						41,456						187,489
MGM China						67,989						108,352						145,634
Reportable segment capital expenditures						412,339						237,319						618,986
Corporate and other						78,358						33,260						120,020
						$	490,697					$	270,579					$	739,006

Schedule of Long Lived Assets Presented by Geographic Region

Long-lived assets, which includes property and equipment, net, operating and finance lease right-of-use assets, net, goodwill, and other intangible assets, net, presented by geographic region in which the Company holds assets are presented below:

						December 31,
						2021						2020						2019
Long-lived assets:						(In thousands)
United States						$	25,848,917					$	21,035,992					$	20,582,055
China and all other foreign countries						7,176,763						7,617,819						8,007,449
						$	33,025,680					$	28,653,811					$	28,589,504

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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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
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