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MGM Resorts (MGM)

NYSE Consumer Discretionary Casinos & Gaming S&P 500
$32.34
-0.20 (-0.61%)
Close of Nov 06, 2026 · end-of-day data
Source: MGM Resorts's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$9.48B$10.80B$11.76B$12.90B$5.16B$9.68B$13.13B$16.16B$17.24B$17.54B
Selling, general & admin$1.38B$1.56B$1.76B$2.10B$2.12B$2.51B$4.23B$4.70B$4.83B$4.88B
Operating income$2.08B$1.71B$1.47B$3.94B-$642.43M$2.28B$1.44B$1.89B$1.49B$1.00B
Interest expense$694.77M$668.75M$769.51M$847.93M$676.38M$799.59M$594.95M$460.29M$443.23M$419.04M
Pre-tax income$1.26B$960.79M$634.01M$2.85B-$1.51B$1.46B$903.80M$1.47B$1.12B$280.78M
Income tax$21.74M-$1.13B$50.11M$632.35M-$191.57M$253.41M$697.07M$157.84M$52.46M-$240.09M
Net income$1.10B$1.95B$466.77M$2.05B-$1.03B$1.25B$1.47B$1.14B$746.56M$205.86M
EBITDA$2.93B$2.71B$2.65B$5.24B$568.12M$3.43B$4.92B$2.71B$2.32B$2.02B
EPS (basic)$1.94$3.38$0.82$3.90$-2.02$2.44$3.52$3.22$2.42$0.77
EPS (diluted)$1.92$3.34$0.81$3.88$-2.02$2.41$3.49$3.19$2.40$0.76
Diluted shares573.32M578.79M549.54M527.64M494.15M487.36M412.99M358.63M310.23M277.27M
Operating margin21.9%15.9%12.5%30.5%-12.4%23.5%11.0%11.7%8.6%5.7%
Net margin11.6%18.1%4.0%15.9%-20.0%13.0%11.2%7.1%4.3%1.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.45B$1.50B$1.53B$2.33B$5.10B$4.70B$5.91B$2.93B$2.42B$2.06B
Receivables$545.12M$542.27M$657.21M$612.72M$316.50M$583.91M$852.15M$929.13M$1.07B$1.12B
Inventory$97.73M$102.29M$110.83M$102.89M$88.32M$96.37M$126.06M$141.68M$140.56M$124.53M
Total current assets$2.23B$2.38B$2.53B$4.01B$5.95B$6.42B$8.15B$4.91B$4.36B$4.33B
Goodwill$1.82B$1.81B$1.82B$2.08B$2.09B$3.48B$5.03B$5.17B$5.15B$4.90B
Total assets$28.17B$29.16B$30.21B$33.88B$36.49B$40.90B$45.69B$42.37B$42.23B$41.37B
Total current liabilities$2.34B$3.14B$2.95B$3.19B$1.86B$3.44B$4.52B$3.13B$3.35B$3.51B
Short-term debt$8.38M$158.04M$43.41M$0$0$1.00B$1.29B$0——
Long-term debt$12.98B$12.75B$15.09B$11.17B$12.38B$11.77B$7.43B$6.34B$6.36B$6.23B
Total debt$12.99B$12.91B$15.13B$11.17B$12.38B$12.77B$8.72B$6.34B$6.36B$6.23B
Total liabilities$18.18B$17.47B$19.64B$21.11B$29.99B$34.83B$40.86B$38.00B$38.51B$38.10B
Shareholders' equity$6.19B$7.58B$6.51B$7.73B$6.50B$6.07B$4.83B$3.81B$3.02B$2.43B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.53B$2.21B$1.72B$1.81B-$1.49B$1.37B$1.76B$2.69B$2.36B$2.53B
Capital expenditures$2.26B$1.86B$1.49B$739.01M$270.58M$490.70M$765.07M$931.81M$1.15B$1.07B
Free cash flow-$728.50M$342.33M$235.70M$1.07B-$1.76B$882.73M$991.39M$1.76B$1.21B$1.46B
Investing cash flow-$2.28B-$1.58B-$2.08B$3.52B$2.16B$1.54B$2.12B-$714.17M-$1.28B-$1.14B
Financing cash flow$519.42M-$568.78M$389.23M-$4.53B$2.10B-$2.81B-$3.02B-$5.00B-$1.56B-$1.73B
Dividends paid$0$252.01M$260.59M$271.29M$77.61M$4.79M$4.05M$0$0—
Share buybacks$0$327.50M$1.28B$1.03B$353.72M$1.75B$2.78B$2.29B$1.36B$1.23B
Stock-based compensation$55.49M$62.49M$70.18M$88.84M$106.96M$65.18M$71.30M$73.61M$80.22M$90.47M
Depreciation & amortization$849.53M$993.48M$1.18B$1.30B$1.21B$1.15B$3.48B$814.13M$831.10M$1.02B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.