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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 1,208,389 $ (1,319,907) $ 2,214,380
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,150,610 1,210,556 1,304,649
Amortization of debt discounts, premiums and issuance costs 40,328 34,363 38,972
Loss on early retirement of debt 37 126,462 198,151
Provision for credit losses 21,852 71,422 39,270
Stock-based compensation 65,183 106,956 88,838
Property transactions, net (67,736) 93,567 275,802
Gain on REIT transactions, net 0 (1,491,945) (2,677,996)
Gain on consolidation of CityCenter, net (1,562,329) 0 0
Noncash lease expense 188,917 183,399 71,784
Other investment gains (28,417) 0 0
Loss (income) from unconsolidated affiliates (1,580) 60,366 (57,225)
Distributions from unconsolidated affiliates 99,370 86,584 299
Deferred income taxes 241,947 18,347 595,046
Change in operating assets and liabilities:      
Accounts receivable (236,182) 960,099 (726,610)
Inventories 3,107 14,705 6,522
Income taxes receivable and payable, net (30,444) (216,250) 1,259
Prepaid expenses and other (36,608) (37) 7,567
Accounts payable and accrued liabilities 442,626 (1,382,980) 465,602
Other (125,647) (48,750) (35,909)
Net cash provided by (used in) operating activities 1,373,423 (1,493,043) 1,810,401
Cash flows from investing activities      
Capital expenditures (490,697) (270,579) (739,006)
Dispositions of property and equipment 106,600 6,136 2,578
Proceeds from real estate transactions 3,888,431 2,455,839 4,151,499
Proceeds from sale of Circus Circus Las Vegas and adjacent land 0 0 652,333
Investments in unconsolidated affiliates (226,889) (96,925) (81,877)
Distributions from unconsolidated affiliates 9,694 63,960 100,700
Other 46,110 873 (31,112)
Net cash provided by investing activities 1,543,645 2,159,304 3,519,434
Cash flows from financing activities      
Net borrowings (repayments) under bank credit facilities - maturities of 90 days or less (2,096,217) (1,595,089) (3,634,049)
Issuance of long-term debt 749,775 3,550,000 3,250,000
Retirement of senior notes 0 (846,815) (3,764,167)
Debt issuance costs (18,726) (62,348) (63,391)
Proceeds from issuance of bridge loan facility 0 1,304,625 0
Issuance of MGM Growth Properties Class A shares, net 792,851 524,704 1,250,006
Dividends paid to common shareholders (4,789) (77,606) (271,288)
Distributions to noncontrolling interest owners (324,190) (286,385) (223,303)
Purchases of common stock (1,753,509) (353,720) (1,031,534)
Other (159,290) (53,939) (41,868)
Net cash provided by (used in) financing activities (2,814,095) 2,103,427 (4,529,594)
Effect of exchange rate on cash, cash equivalents, and restricted cash (1,551) 2,345 2,601
Cash, cash equivalents, and restricted cash      
Net increase for the period 101,422 2,772,033 802,842
Balance, beginning of period 5,101,637 2,329,604 1,526,762
Balance, end of period 5,203,059 5,101,637 2,329,604
Supplemental cash flow disclosures      
Interest paid, net of amounts capitalized 705,680 639,718 826,970
Federal, state and foreign income taxes paid, net 43,018 8,543 28,493
Non-cash investing and financing activities      
Note receivable related to sale of Circus Circus Las Vegas and adjacent land 0 0 133,689
MGP BREIT Venture assumption of bridge loan facility 0 1,304,625 0
Bellagio BREIT Venture      
Non-cash investing and financing activities      
Investment in venture 0 802,000 62,133
City Center and MGP BREIT Venture      
Cash flows from investing activities      
Acquisitions, net of cash acquired $ (1,789,604) $ 0 $ (535,681)