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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenue $ 3,942,207 $ 3,264,888 $ 7,815,503 $ 6,119,197
Expenses        
General and administrative 1,144,390 1,028,765 2,279,930 1,805,602
Corporate expense 117,088 119,610 244,647 230,851
Preopening and start-up expenses 149 542 288 976
Property transactions, net 5,614 (19,395) (390,462) 35,343
Gain on REIT transactions, net 0 (2,277,747) 0 (2,277,747)
Depreciation and amortization 203,503 366,255 407,004 654,893
Total expenses 3,554,640 827,854 6,622,098 3,529,537
Loss from unconsolidated affiliates (16,189) (55,583) (91,188) (102,421)
Operating income 371,378 2,381,451 1,102,217 2,487,239
Non-operating income (expense)        
Interest expense, net of amounts capitalized (111,945) (136,559) (242,245) (332,650)
Non-operating items from unconsolidated affiliates (441) (6,120) (1,625) (21,253)
Other, net 23,693 (43,308) 70,000 (9,006)
Non-operating income (expense) (88,693) (185,987) (173,870) (362,909)
Income before income taxes 282,685 2,195,464 928,347 2,124,330
Provision for income taxes (39,141) (572,839) (204,920) (536,498)
Net income 243,544 1,622,625 723,427 1,587,832
Less: Net (income) loss attributable to noncontrolling interests (42,748) 161,312 (55,824) 178,089
Net Income attributable to MGM Resorts International $ 200,796 $ 1,783,937 $ 667,603 $ 1,765,921
Earnings per share        
Basic (in dollars per share) $ 0.56 $ 4.24 $ 1.82 $ 4.06
Diluted (in dollars per share) $ 0.55 $ 4.20 $ 1.80 $ 4.02
Weighted average common shares outstanding        
Basic (in shares) 361,050 417,393 367,535 430,084
Diluted (in shares) 365,339 421,303 371,685 434,336
Casino        
Revenues        
Total revenue $ 1,951,382 $ 1,357,134 $ 3,833,810 $ 2,778,044
Expenses        
Cost of revenues 1,025,745 622,166 2,016,635 1,296,531
Rooms        
Revenues        
Total revenue 815,323 774,732 1,663,811 1,331,805
Expenses        
Cost of revenues 250,300 232,429 490,414 428,542
Food and beverage        
Revenues        
Total revenue 743,236 677,756 1,465,367 1,170,610
Expenses        
Cost of revenues 537,824 480,121 1,049,416 848,783
Entertainment, retail and other        
Revenues        
Total revenue 420,711 445,342 830,289 816,908
Expenses        
Cost of revenues 258,472 265,184 502,000 483,933
Reimbursed costs        
Revenues        
Total revenue 11,555 9,924 22,226 21,830
Expenses        
Cost of revenues $ 11,555 $ 9,924 $ 22,226 $ 21,830