MGM RESORTS INTERNATIONAL (MGM)

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$0.30 (-0.76%)Past Day

About

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

Key Insights

  • Share Price

    $40.02

  • Market Cap

    $12.16 Billion

  • Total Outstanding Shares

    303.77 Million Shares

  • Total Employees

    63,000

  • Dividend

    $0.0025 Per Share Quarterly

  • IPO Date

    November 12, 1997

  • SIC Description

    Hotels & Motels

  • Homepage

    https://www.mgmresorts.com

Historical Stock Splits

If you bought 1 share of MGM before May 19, 2005, you'd have 2 shares today.
Execution DateSplit Amount
May 19, 20052-for-1

Cash Flow Statement

July 1, 2023 to June 30, 2024
MetricValue
Net Cash Flow From Operating Activities$2.43 Billion
Net Cash Flow$-1.43 Billion
Net Cash Flow, Continuing$-1.41 Billion
Exchange Gains/Losses$-23.28 Million
Net Cash Flow From Financing Activities, Continuing$-2.80 Billion
Net Cash Flow From Financing Activities$-2.80 Billion
Net Cash Flow From Investing Activities$-1.04 Billion
Net Cash Flow From Investing Activities, Continuing$-1.04 Billion
Net Cash Flow From Operating Activities, Continuing$2.43 Billion

Income Statement

July 1, 2023 to June 30, 2024
MetricValue
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$949000.00
Nonoperating Income/Loss$-514.25 Million
Benefits Costs and Expenses$15.90 Billion
Selling, General, and Administrative Expenses$4.83 Billion
Income Tax Expense/Benefit, Deferred$-212.85 Million
Net Income/Loss Attributable To Noncontrolling Interest$294.90 Million
Other Operating Expenses$9.76 Billion
Preferred Stock Dividends And Other Adjustments$949000.00
Net Income/Loss Attributable To Parent$879.13 Million
Basic Earnings Per Share$2.66
Basic Average Shares$657.38 Million
Net Income/Loss$1.17 Billion
Diluted Average Shares$664.26 Million
Depreciation and Amortization$795.66 Million
Costs And Expenses$15.36 Billion
Income/Loss Before Equity Method Investments$1.19 Billion
Net Income/Loss Available To Common Stockholders, Basic$880.07 Million
Income/Loss From Continuing Operations Before Tax$1.16 Billion
Revenues$17.06 Billion
Operating Expenses$15.39 Billion
Income Tax Expense/Benefit$-14.96 Million
Income/Loss From Equity Method Investments$-28.00 Million
Operating Income/Loss$1.67 Billion
Diluted Earnings Per Share$2.64
Income/Loss From Continuing Operations After Tax$1.17 Billion

Balance Sheet

July 1, 2023 to June 30, 2024
MetricValue
Inventory$147.86 Million
Liabilities$38.00 Billion
Long-term Debt$6.29 Billion
Assets$41.82 Billion
Equity Attributable To Parent$3.21 Billion
Liabilities And Equity$41.82 Billion
Noncurrent Assets$37.41 Billion
Redeemable Noncontrolling Interest$32.17 Million
Equity$3.81 Billion
Temporary Equity$32.17 Million
Current Liabilities$3.00 Billion
Other Non-current Liabilities$28.71 Billion
Intangible Assets$1.66 Billion
Other Current Liabilities$2.60 Billion
Equity Attributable To Noncontrolling Interest$601.47 Million
Other Current Assets$4.26 Billion
Accounts Payable$401.92 Million
Other Non-current Assets$30.03 Billion
Noncurrent Liabilities$35.00 Billion
Current Assets$4.41 Billion
Fixed Assets$5.72 Billion

Historical Dividends

Current dividend: $0.0025 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Nov 2, 2022Dec 15, 2022Dec 9, 2022$0.0025Quarterly
Aug 3, 2022Sep 15, 2022Sep 9, 2022$0.0025Quarterly
May 2, 2022Jun 15, 2022Jun 10, 2022$0.0025Quarterly
Feb 9, 2022Mar 15, 2022Mar 10, 2022$0.0025Quarterly
Nov 3, 2021Dec 15, 2021Dec 10, 2021$0.0025Quarterly
Aug 4, 2021Sep 15, 2021Sep 10, 2021$0.0025Quarterly
Apr 28, 2021Jun 15, 2021Jun 10, 2021$0.0025Quarterly
Feb 10, 2021Mar 15, 2021Mar 10, 2021$0.0025Quarterly
Oct 29, 2020Dec 15, 2020Dec 10, 2020$0.0025Quarterly
Jul 30, 2020Sep 15, 2020Sep 10, 2020$0.0025Quarterly
Apr 30, 2020Jun 15, 2020Jun 10, 2020$0.0025Quarterly
Feb 12, 2020Mar 16, 2020Mar 10, 2020$0.15Quarterly
Oct 30, 2019Dec 16, 2019Dec 10, 2019$0.13Quarterly
Jul 25, 2019Sep 16, 2019Sep 10, 2019$0.13Quarterly
Apr 29, 2019Jun 14, 2019Jun 10, 2019$0.13Quarterly
Feb 13, 2019Mar 15, 2019Mar 8, 2019$0.13Quarterly
Oct 30, 2018Dec 14, 2018Dec 10, 2018$0.12Quarterly
Aug 2, 2018Sep 14, 2018Sep 10, 2018$0.12Quarterly
Apr 25, 2018Jun 15, 2018Jun 8, 2018$0.12Quarterly
Feb 19, 2018Mar 15, 2018Mar 9, 2018$0.12Quarterly
Nov 7, 2017Dec 15, 2017Dec 11, 2017$0.11Quarterly
Jul 26, 2017Sep 15, 2017Sep 11, 2017$0.11Quarterly
Apr 27, 2017Jun 15, 2017Jun 9, 2017$0.11Quarterly
Feb 16, 2017Mar 15, 2017Mar 10, 2017$0.11Quarterly
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