XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenue $ 4,277,082 $ 4,383,470
Expenses    
General and administrative 1,164,898 1,194,682
Corporate expense 142,351 129,666
Preopening and start-up expenses 85 1,095
Property transactions, net 15,468 17,154
Depreciation and amortization 236,444 196,562
Total expenses 3,879,129 3,899,968
Loss from unconsolidated affiliates (12,896) (25,124)
Operating income 385,057 458,378
Non-operating income (expense)    
Interest expense, net of amounts capitalized (107,269) (110,037)
Non-operating items from unconsolidated affiliates 262 (136)
Other, net (11,266) (4,806)
Non-operating income (expense) (118,273) (114,979)
Income before income taxes 266,784 343,399
Provision for income taxes (40,053) (43,673)
Net income 226,731 299,726
Less: Net income attributable to noncontrolling interests (78,177) (82,250)
Net income attributable to MGM Resorts International $ 148,554 $ 217,476
Earnings per share    
Basic (in dollars per share) $ 0.52 $ 0.68
Diluted (in dollars per share) $ 0.51 $ 0.67
Weighted average common shares outstanding    
Basic (in shares) 287,125 320,488
Diluted (in shares) 289,096 323,757
Casino    
Revenues    
Total revenue $ 2,252,148 $ 2,241,095
Expenses    
Cost of sales 1,244,310 1,271,844
Rooms    
Revenues    
Total revenue 863,408 956,401
Expenses    
Cost of sales 280,849 274,408
Food and beverage    
Revenues    
Total revenue 770,173 769,403
Expenses    
Cost of sales 560,295 558,080
Entertainment, retail and other    
Revenues    
Total revenue 391,353 416,571
Expenses    
Cost of sales $ 234,429 $ 256,477