MGM Resorts International's Income Statement Analysis: Revenue to Profit Breakdown
MGM Resorts International's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$9.68 B | $13.13 B | $16.16 B | $17.24 B | $17.54 B | $17.72 B |
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Cost of Revenue Direct cost of goods/services. |
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$5.03 B | $6.65 B | $8.55 B | $9.39 B | $9.75 B | $9.89 B |
Gross Profit Revenue minus cost of revenue. |
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$4.65 B | $6.47 B | $7.61 B | $7.85 B | $7.79 B | $7.82 B |
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Operating Expense
Costs to run business. |
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$2.37 B | $5.04 B | $5.72 B | $6.36 B | $6.79 B | $6.91 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$2.51 B | $4.23 B | $5.21 B | $4.83 B | $5.32 B | $5.13 B |
General and Administrative Corporate overhead costs. |
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$2.51 B | $4.23 B | $4.91 B | $4.83 B | $5.32 B | $5.13 B |
Sales and Marketing Customer acquisition costs. |
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- | - | $299.00 M | - | - | - |
Other Expenses Other operating costs. |
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-$136.41 M | $808.51 M | $506.13 M | $1.53 B | $1.47 B | $1.77 B |
Operating Income Profit from operations. |
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$2.28 B | $1.44 B | $1.89 B | $1.49 B | $1.00 B | $917.97 M |
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Net Interest Income
Interest income minus expense. |
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-$799.59 M | -$594.95 M | -$460.29 M | -$443.23 M | -$433.14 M | -$412.46 M |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$799.59 M | $594.95 M | $460.29 M | $443.23 M | $433.14 M | $412.46 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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$17.30 M | -$59.38 M | $308.41 M | -$69.84 M | $180.68 M | $290.96 M |
Total Other Income (Net) Net non-operating items. |
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-$816.90 M | -$535.57 M | -$418.73 M | -$373.39 M | -$613.82 M | -$594.54 M |
Income Before Tax Profit before taxes. |
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$1.46 B | $903.80 M | $1.47 B | $1.12 B | $387.95 M | $323.42 M |
Income Tax Expense Taxes on income. |
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$253.42 M | $697.07 M | $157.84 M | $52.46 M | -$44.14 M | -$56.74 M |
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Net Income
Final profit. |
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$1.25 B | $1.47 B | $1.14 B | $746.56 M | $206.25 M | $182.83 M |
Net Income From Continuing Operations Profit from core business. |
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$1.21 B | $206.73 M | $1.31 B | $1.06 B | $432.10 M | $380.16 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | -$78.18 M | - |
Net Income Deductions Reductions from net income. |
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- | - | -$1.00 | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$2.44 | $0.51 | $3.22 | $2.42 | $0.76 | $0.73 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$2.41 | $0.50 | $3.19 | $2.40 | $0.75 | $0.72 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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481.93 M | 409.20 M | 354.93 M | 307.41 M | 264.86 M | 256.35 M |
Diluted Average Shares Outst. Shares including dilution. |
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487.36 M | 412.99 M | 358.63 M | 310.23 M | 264.86 M | 258.88 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$2.26 B | $1.50 B | $1.58 B | $1.56 B | $821.09 M | $627.01 M |
EBITDA Earnings before interest, tax, D&A. |
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$3.41 B | $4.98 B | $2.40 B | $2.39 B | $1.87 B | $1.67 B |
Depreciation and Amortization Non-cash expense for assets. |
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$1.15 B | $3.48 B | $814.13 M | $831.10 M | $1.05 B | $1.05 B |
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MGM Resorts International's Assets vs Liabilities & Equity
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