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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenue $ 3,416,072 $ 2,707,539 $ 9,535,269 $ 6,623,248
Expenses        
General and administrative 1,212,474 623,275 3,018,076 1,759,891
Corporate expense 117,264 112,114 348,115 287,021
Preopening and start-up expenses 396 1,547 1,372 1,642
Property transactions, net (11,639) 3,677 23,704 842
Gain on REIT transactions, net 0 0 (2,277,747) 0
Gain on consolidation of CityCenter, net 0 (1,562,329) 0 (1,562,329)
Depreciation and amortization 1,405,520 279,403 2,060,413 853,579
Total expenses 4,444,576 849,868 7,974,113 4,806,266
Income (loss) from unconsolidated affiliates (17,467) 35,111 (119,888) 92,870
Operating income (loss) (1,045,971) 1,892,782 1,441,268 1,909,852
Non-operating income (expense)        
Interest expense, net of amounts capitalized (125,172) (200,049) (457,822) (598,116)
Non-operating items from unconsolidated affiliates (995) (23,421) (22,248) (67,473)
Other, net (14,316) (49,241) (23,322) 70,302
Non-operating income (expense) (140,483) (272,711) (503,392) (595,287)
Income (loss) before income taxes (1,186,454) 1,620,071 937,876 1,314,565
Benefit (provision) for income taxes 125,367 (282,135) (411,131) (222,263)
Net income (loss) (1,061,087) 1,337,936 526,745 1,092,302
Less: Net loss attributable to noncontrolling interests 484,257 12,497 662,346 31,055
Net income (loss) attributable to MGM Resorts International $ (576,830) $ 1,350,433 $ 1,189,091 $ 1,123,357
Earnings (loss) per share        
Basic (in dollars per share) $ (1.45) $ 2.81 $ 2.81 $ 2.19
Diluted (in dollars per share) $ (1.45) $ 2.77 $ 2.79 $ 2.17
Weighted average common shares outstanding        
Basic (in shares) 393,295 478,405 417,686 487,509
Diluted (in shares) 393,295 484,215 421,770 493,184
Casino        
Revenues        
Total revenue $ 1,407,367 $ 1,400,337 $ 4,185,411 $ 3,835,094
Expenses        
Cost of revenues 653,601 640,041 1,950,132 1,808,849
Rooms        
Revenues        
Total revenue 827,397 490,460 2,159,202 1,053,907
Expenses        
Cost of revenues 256,128 160,864 684,670 402,364
Food and beverage        
Revenues        
Total revenue 722,982 416,478 1,893,592 876,556
Expenses        
Cost of revenues 528,966 301,963 1,377,749 651,349
Entertainment, retail and other        
Revenues        
Total revenue 447,637 315,693 1,264,545 639,926
Expenses        
Cost of revenues 271,177 204,742 755,110 385,293
Reimbursed costs        
Revenues        
Total revenue 10,689 84,571 32,519 217,765
Expenses        
Cost of revenues $ 10,689 $ 84,571 $ 32,519 $ 217,765