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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenue $ 3,264,888 $ 2,267,962 $ 6,119,197 $ 3,915,709
Expenses        
General and administrative 1,028,765 590,209 1,805,602 1,136,616
Corporate expense 119,610 96,870 230,851 174,907
Preopening and start-up expenses 542 90 976 95
Property transactions, net (19,395) (28,906) 35,343 (2,835)
Gain on REIT transactions, net (2,277,747) 0 (2,277,747) 0
Depreciation and amortization 366,255 283,625 654,893 574,176
Total expenses 827,854 2,087,540 3,529,537 3,956,398
Income (loss) from unconsolidated affiliates (55,583) 83,338 (102,421) 57,759
Operating income 2,381,451 263,760 2,487,239 17,070
Non-operating income (expense)        
Interest expense, net of amounts capitalized (136,559) (202,772) (332,650) (398,067)
Non-operating items from unconsolidated affiliates (6,120) (23,216) (21,253) (44,052)
Other, net (43,308) 87,358 (9,006) 119,543
Non-operating income (expense) (185,987) (138,630) (362,909) (322,576)
Income (loss) before income taxes 2,195,464 125,130 2,124,330 (305,506)
Benefit (provision) for income taxes (572,839) (34,826) (536,498) 59,872
Net income (loss) 1,622,625 90,304 1,587,832 (245,634)
Less: Net loss attributable to noncontrolling interests 161,312 14,449 178,089 18,558
Net income (loss) attributable to MGM Resorts International $ 1,783,937 $ 104,753 $ 1,765,921 $ (227,076)
Earnings (loss) per share        
Basic (in dollars per share) $ 4.24 $ 0.14 $ 4.06 $ (0.56)
Diluted (in dollars per share) $ 4.20 $ 0.14 $ 4.02 $ (0.56)
Weighted average common shares outstanding        
Basic (in shares) 417,393 489,459 430,084 491,785
Diluted (in shares) 421,303 495,302 434,336 491,785
Casino        
Revenues        
Total revenue $ 1,357,134 $ 1,336,124 $ 2,778,044 $ 2,434,757
Expenses        
Cost of revenues 622,166 616,903 1,296,531 1,168,808
Rooms        
Revenues        
Total revenue 774,732 365,028 1,331,805 563,447
Expenses        
Cost of revenues 232,429 137,287 428,542 241,500
Food and beverage        
Revenues        
Total revenue 677,756 302,666 1,170,610 460,078
Expenses        
Cost of revenues 480,121 214,159 848,783 349,386
Entertainment, retail and other        
Revenues        
Total revenue 445,342 189,011 816,908 324,233
Expenses        
Cost of revenues 265,184 102,170 483,933 180,551
Reimbursed costs        
Revenues        
Total revenue 9,924 75,133 21,830 133,194
Expenses        
Cost of revenues $ 9,924 $ 75,133 $ 21,830 $ 133,194