MGM Resorts International

Listed Company

MGMCIK 0000789570NYSELarge AcceleratedHotels & MotelsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$17.54B

Net Income

$205.86M

Total Assets

$41.37B

Equity

$2.43B

Shares Out

255.85M

Op. Cash Flow

$2.53B

MGM$46.12+22.71% · past yearDBEQ Basic

Daily closing prices

Business

MGM Resorts International is a global gaming and entertainment company operating casino resorts with hotels, restaurants, entertainment, and retail in Las Vegas, regional U.S. markets, Macau, and Japan. Primary offerings include casino gaming, hotel accommodations, dining, entertainment, conventions space, and online gaming and sports betting. The company operates through Las Vegas Strip Resorts, Regional Operations, MGM China (majority-owned Macau subsidiary), and MGM Digital (consolidated online gaming portfolio).

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	17,538	17,241	16,164	13,127	9,680
General and administrative	4,878	4,825	4,701	4,227	2,507
Corporate expense	557	520	512	479	423
Preopening and start-up expenses	1	8	415,000	2	5
Property transactions, net	126	81	−371	−1,037	−68
Goodwill impairment	279	0	0	—	—
Depreciation and amortization	1,018	831	814	3,482	1,151
Total expenses	16,606	15,659	14,211	11,528	7,486
Income (loss) from unconsolidated affiliates	70	−91	−62	−160	85
Operating income	1,002	1,490	1,891	1,439	2,279
Interest expense, net of amounts capitalized	−419	−443	−460	−595	—
Non-operating items from unconsolidated affiliates	1	−734,000	−1	−23	—
Other, net	−303	71	43	83	66
Total non-operating income (expense)	−721	−373	−419	−536	−817
Income before income taxes	281	1,117	1,473	904	1,462
Benefit (provision) for income taxes	240	−52	−158	−697	−253
Net income	521	1,065	1,315	207	1,208
Less: Net income attributable to noncontrolling interests	−315	−318	−173	1,266	46
Net income attributable to MGM Resorts International	206	747	1,142	1,473	1,254
Basic (in dollars per share)	0.77	2.42	3.22	3.52	2.44
Diluted (in dollars per share)	0.76	2.4	3.19	3.49	2.41
Basic (in shares)	275	307	355	409	482
Diluted (in shares)	277	310	359	413	487

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,063	2,416	2,928	5,912	4,703
Accounts receivable, net	1,123	1,071	929	852	584
Inventories	125	141	142	126	96
Income tax receivable	220	258	141	73	274
Prepaid expenses and other	486	479	771	583	259
Assets held for sale	315	0	0	608	0
Total current assets	4,332	4,364	4,911	8,155	6,416
Property and equipment, net	6,306	6,196	5,450	—	—
Investments in and advances to unconsolidated affiliates	536	381	241	173	967
Goodwill	4,902	5,145	5,166	5,029	3,481
Other intangible assets, net	1,357	1,715	1,725	1,551	3,616
Operating lease right-of-use assets, net	23,003	23,532	24,027	24,531	11,493
Deferred income taxes	90	40	0	—	—
Other long-term assets, net	849	859	850	1,029	490
Total assets	41,374	42,232	42,369	45,692	40,899
Accounts and construction payable	422	413	462	370	286
Accrued interest on long-term debt	72	70	60	83	173
Other accrued liabilities	2,993	2,869	2,604	2,236	1,983
Liabilities related to assets held for sale	26	0	0	540	0
Total current liabilities	3,512	3,352	3,126	4,516	3,442
Deferred income taxes	2,617	2,812	2,861	2,969	2,439
Long-term debt, net	6,230	6,362	6,344	7,433	11,771
Operating lease liabilities	24,963	25,076	25,127	25,149	11,802
Other long-term obligations	775	910	543	256	—
Total liabilities	38,097	38,512	38,001	—	—
Commitments and contingencies (Note 12)	—	—	—	—	—
Redeemable noncontrolling interests	22	35	33	158	148
Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 258,323,143 and 294,374,189 shares	3	3	3	4	5
Capital in excess of par value	0	0	0	0	1,750
Retained earnings	2,107	3,082	3,664	4,794	4,341
Accumulated other comprehensive income (loss)	320	−61	144	33	−25
Total MGM Resorts International stockholders equity	2,430	3,023	3,811	4,832	6,071
Noncontrolling interests	825	662	523	379	4,906
Total stockholders equity	3,255	3,685	4,334	5,210	10,977
Total liabilities and stockholders' equity	41,374	42,232	42,369	45,692	40,899

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt discounts and issuance costs	27	27	28	33	40
Loss on extinguishment of debt	0	7	0	0	37,000
Provision for credit losses	61	61	49	23	22
Stock-based compensation	90	80	74	71	65
Foreign currency transaction loss (gain)	288	−129	106	19	13
Noncash lease expense	509	515	516	438	189
Other investment losses	22	32	1	—	—
Loss (income) from unconsolidated affiliates	−71	91	63	184	−2
Distributions from unconsolidated affiliates	17	22	20	37	99
Deferred income taxes	−246	−85	−117	496	242
Accounts receivable	−90	−158	−132	−212	−236
Inventories	16	1	−16	−27	3
Income taxes receivable and payable, net	48	−133	−58	197	−30
Prepaid expenses and other	4	35	−51	−14	−37
Accounts payable and accrued liabilities	−82	−107	410	184	443
Other	−8	124	39	−34	−138
Net cash provided by operating activities	2,529	2,362	2,691	1,756	1,373
Capital expenditures	−1,069	−1,151	−932	−765	−491
Dispositions of property and equipment	7	13	5	112	107
Proceeds from sale of operating resorts	0	0	460	1,054	0
Proceeds from repayment of principal on note receivable	0	0	153	0	0
Acquisitions, net of cash acquired	0	−114	−122	−1,889	−1,790
Investments in unconsolidated affiliates	−238	−182	−161	−255	−227
Distributions from unconsolidated affiliates	207	2	8	10	10
Investments and other	−48	148	−126	−523	46
Net cash used in investing activities	−1,141	−1,283	−714	2,118	1,544
Net borrowings (repayments) of debt maturities of 90 days or less	7	104	−1,097	1,148	−2,096
Issuance of long-term debt	354	2,100	0	0	750
Repayment of long-term debt	−500	−2,175	−1,286	−1,070	0
Debt issuance costs	−41	−38	−22	−1	−19
Distributions to noncontrolling interest owners	−169	−189	−177	−211	−324
Repurchases of common stock	−1,228	−1,358	−2,292	−2,775	−1,754
Other	−153	−9	−131	−111	−159
Net cash used in financing activities	−1,731	−1,564	−5,005	−3,024	−2,814
Effect of exchange rate on cash, cash equivalents, and restricted cash	4	−27	−19	9	−2
Change in cash and cash equivalents classified as assets held for sale	−15	0	26	−26	—
Net change for the period	−353	−512	−3,021	833	101
Interest paid, net of amounts capitalized	389	406	452	574	706

Filings

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Frequently asked questions

What is MGM Resorts International's CIK number?

MGM Resorts International's SEC CIK number is 0000789570 (789570). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find MGM Resorts International's SEC filings?

All of MGM Resorts International's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did MGM Resorts International last report earnings?

MGM Resorts International (MGM) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000789570-26-000034). This is MGM Resorts International's most recent earnings filing of record — not a forecast of its next earnings date.

What is MGM Resorts International's most recent earnings 8-K?

MGM Resorts International's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000789570-26-000034. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View MGM Resorts International's latest earnings 8-K →
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