XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenue $ 4,383,470 $ 3,873,296
Expenses    
General and administrative 1,194,682 1,135,540
Corporate expense 129,666 127,559
Preopening and start-up expenses 1,095 139
Property transactions, net 17,154 (396,076)
Depreciation and amortization 196,562 203,501
Total expenses 3,899,968 3,067,458
Loss from unconsolidated affiliates (25,124) (74,999)
Operating income 458,378 730,839
Non-operating income (expense)    
Interest expense, net of amounts capitalized (110,037) (130,300)
Non-operating items from unconsolidated affiliates (136) (1,184)
Other, net (4,806) 46,307
Non-operating income (expense) (114,979) (85,177)
Income before income taxes 343,399 645,662
Provision for income taxes (43,673) (165,779)
Net income 299,726 479,883
Less: Net income attributable to noncontrolling interests (82,250) (13,076)
Net income attributable to MGM Resorts International $ 217,476 $ 466,807
Earnings per share    
Basic (in dollars per share) $ 0.68 $ 1.25
Diluted (in dollars per share) $ 0.67 $ 1.24
Weighted average common shares outstanding    
Basic (in shares) 320,488 374,085
Diluted (in shares) 323,757 378,095
Casino    
Revenues    
Total revenue $ 2,241,095 $ 1,882,428
Expenses    
Cost of revenues 1,271,844 990,890
Rooms    
Revenues    
Total revenue 956,401 848,488
Expenses    
Cost of revenues 274,408 240,114
Food and beverage    
Revenues    
Total revenue 769,403 722,131
Expenses    
Cost of revenues 558,080 511,592
Entertainment, retail and other    
Revenues    
Total revenue 404,391 409,578
Expenses    
Cost of revenues 244,297 243,528
Reimbursed costs    
Revenues    
Total revenue 12,180 10,671
Expenses    
Cost of revenues $ 12,180 $ 10,671