MGM Historical Income Statement

MGM Stock

USD 37.37 0.18 0.48%

Historical analysis of MGM Resorts income statement accounts such as Gross Profit of 8 B can show how well MGM Resorts International performed in making a profits. Evaluating MGM Resorts income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MGM Resorts's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining MGM Resorts International latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MGM Resorts International is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

About MGM Income Statement Analysis

MGM Resorts International Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MGM Resorts shareholders. The income statement also shows MGM investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

MGM Resorts Income Statement Chart

At this time, MGM Resorts' Cost Of Revenue is very stable compared to the past year. As of the 28th of November 2024, Total Operating Expenses is likely to grow to about 6 B, while EBITDA is likely to drop about 1.4 B.

Total Revenue Gross Profit Other Operating Expenses Ebitda Interest Income

Total Revenue

Total revenue comprises all receipts MGM Resorts International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of MGM Resorts International minus its cost of goods sold. It is profit before MGM Resorts operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MGM Resorts International. It is also known as MGM Resorts overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from MGM Resorts' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MGM Resorts International current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

	2021	2022	2023	2024 (projected)
Gross Profit	4.6B	6.5B	7.6B	8.0B
Total Revenue	9.7B	13.1B	16.2B	17.0B

Gross Profit Total Revenue

MGM Resorts income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.12	0.32	0.37	0.53	-0.42	-0.51	0.06	0.24	0.7	0.07	-0.18	-0.05	0.43	0.46	-0.37	0.07	-0.11	0.11	0.62	0.36	-0.36	0.07	0.82	0.17
Interest Expense	0.12		0.19	0.03	0.16	0.27	0.31	0.48	0.35	-0.09	0.01	-0.34	0.03	-0.1	-0.19	-0.67	0.3	-0.05	-0.67	-0.21	-0.09	0.41	-0.39	-0.26	0.32
Total Revenue	0.32	0.19		0.98	0.93	0.33	0.27	0.39	0.98	0.66	0.43	-0.07	0.32	0.29	0.8	0.0	0.38	-0.07	0.17	0.49	0.43	-0.59	0.41	0.5	-0.61
Gross Profit	0.37	0.03	0.98		0.94	0.25	0.17	0.3	0.91	0.74	0.46	-0.03	0.35	0.33	0.88	0.1	0.36	-0.06	0.32	0.57	0.48	-0.69	0.48	0.61	-0.66
Other Operating Expenses	0.53	0.16	0.93	0.94		0.04	-0.02	0.2	0.88	0.87	0.28	-0.08	0.17	0.3	0.89	-0.06	0.24	-0.11	0.23	0.59	0.44	-0.72	0.54	0.69	-0.58
Operating Income	-0.42	0.27	0.33	0.25	0.04		0.96	0.81	0.39	-0.33	0.78	0.3	0.79	-0.11	-0.06	0.26	0.78	0.09	-0.01	-0.03	0.05	0.15	-0.19	-0.33	-0.19
Ebit	-0.51	0.31	0.27	0.17	-0.02	0.96		0.81	0.35	-0.4	0.66	0.15	0.71	-0.17	-0.1	0.22	0.7	0.07	-0.04	-0.25	-0.01	0.21	-0.19	-0.43	-0.19
Ebitda	0.06	0.48	0.39	0.3	0.2	0.81	0.81		0.46	-0.12	0.76	0.06	0.76	0.04	0.02	-0.03	0.84	0.03	-0.04	0.03	0.14	0.12	-0.3	-0.05	0.1
Cost Of Revenue	0.24	0.35	0.98	0.91	0.88	0.39	0.35	0.46		0.54	0.38	-0.1	0.27	0.24	0.68	-0.09	0.38	-0.08	0.03	0.38	0.35	-0.46	0.32	0.36	-0.54
Total Operating Expenses	0.7	-0.09	0.66	0.74	0.87	-0.33	-0.4	-0.12	0.54		0.11	-0.04	0.02	0.29	0.88	-0.01	0.04	-0.11	0.39	0.66	0.41	-0.8	0.64	0.85	-0.48
Income Before Tax	0.07	0.01	0.43	0.46	0.28	0.78	0.66	0.76	0.38	0.11		0.37	0.94	0.18	0.3	0.31	0.9	0.05	0.42	0.38	0.32	-0.16	-0.06	0.19	-0.24
Total Other Income Expense Net	-0.18	-0.34	-0.07	-0.03	-0.08	0.3	0.15	0.06	-0.1	-0.04	0.37		0.4	-0.25	-0.12	0.36	0.37	0.31	0.47	0.24	-0.27	-0.25	0.14	-0.08	-0.02
Net Income	-0.05	0.03	0.32	0.35	0.17	0.79	0.71	0.76	0.27	0.02	0.94	0.4		-0.14	0.17	0.3	0.94	0.14	0.41	0.18	0.04	-0.14	-0.06	0.02	-0.18
Income Tax Expense	0.43	-0.1	0.29	0.33	0.3	-0.11	-0.17	0.04	0.24	0.29	0.18	-0.25	-0.14		0.39	0.01	-0.15	-0.23	0.16	0.42	0.91	0.0	-0.06	0.52	-0.12
Selling General Administrative	0.46	-0.19	0.8	0.88	0.89	-0.06	-0.1	0.02	0.68	0.88	0.3	-0.12	0.17	0.39		0.19	0.12	-0.14	0.42	0.61	0.58	-0.81	0.66	0.77	-0.74
Selling And Marketing Expenses	-0.37	-0.67	0.0	0.1	-0.06	0.26	0.22	-0.03	-0.09	-0.01	0.31	0.36	0.3	0.01	0.19		0.03	-0.08	0.53	0.27	0.21	-0.36	0.54	0.16	-0.48
Net Income From Continuing Ops	0.07	0.3	0.38	0.36	0.24	0.78	0.7	0.84	0.38	0.04	0.9	0.37	0.94	-0.15	0.12	0.03		0.15	0.22	0.19	-0.03	-0.07	-0.18	0.0	-0.02
Non Recurring	-0.11	-0.05	-0.07	-0.06	-0.11	0.09	0.07	0.03	-0.08	-0.11	0.05	0.31	0.14	-0.23	-0.14	-0.08	0.15		-0.01	-0.11	-0.28	-0.15	0.1	-0.15	0.08
Non Operating Income Net Other	0.11	-0.67	0.17	0.32	0.23	-0.01	-0.04	-0.04	0.03	0.39	0.42	0.47	0.41	0.16	0.42	0.53	0.22	-0.01		0.3	0.2	-0.48	0.37	0.4	-0.36
Minority Interest	0.62	-0.21	0.49	0.57	0.59	-0.03	-0.25	0.03	0.38	0.66	0.38	0.24	0.18	0.42	0.61	0.27	0.19	-0.11	0.3		0.48	-0.6	0.46	0.82	-0.31
Tax Provision	0.36	-0.09	0.43	0.48	0.44	0.05	-0.01	0.14	0.35	0.41	0.32	-0.27	0.04	0.91	0.58	0.21	-0.03	-0.28	0.2	0.48		-0.18	0.16	0.59	-0.38
Interest Income	-0.36	0.41	-0.59	-0.69	-0.72	0.15	0.21	0.12	-0.46	-0.8	-0.16	-0.25	-0.14	0.0	-0.81	-0.36	-0.07	-0.15	-0.48	-0.6	-0.18		-0.84	-0.7	0.62
Net Interest Income	0.07	-0.39	0.41	0.48	0.54	-0.19	-0.19	-0.3	0.32	0.64	-0.06	0.14	-0.06	-0.06	0.66	0.54	-0.18	0.1	0.37	0.46	0.16	-0.84		0.52	-0.71
Reconciled Depreciation	0.82	-0.26	0.5	0.61	0.69	-0.33	-0.43	-0.05	0.36	0.85	0.19	-0.08	0.02	0.52	0.77	0.16	0.0	-0.15	0.4	0.82	0.59	-0.7	0.52		-0.3
Extraordinary Items	0.17	0.32	-0.61	-0.66	-0.58	-0.19	-0.19	0.1	-0.54	-0.48	-0.24	-0.02	-0.18	-0.12	-0.74	-0.48	-0.02	0.08	-0.36	-0.31	-0.38	0.62	-0.71	-0.3

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MGM Resorts Account Relationship Matchups

MGM Resorts income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.3B	1.4B	1.3B	3.9B	814.1M	693.3M
Interest Expense	847.9M	676.4M	799.6M	595.0M	460.3M	502.6M
Total Revenue	12.9B	5.2B	9.7B	13.1B	16.2B	17.0B
Gross Profit	5.3B	1.7B	4.6B	6.5B	7.6B	8.0B
Other Operating Expenses	8.8B	7.2B	9.1B	14.8B	14.2B	14.9B
Operating Income	3.9B	(2.1B)	631.3M	(1.8B)	1.9B	2.0B
Ebit	3.9B	(835.1M)	374.9M	(2.2B)	1.9B	2.0B
Ebitda	5.3B	558.9M	1.7B	1.8B	2.7B	1.4B
Cost Of Revenue	7.6B	3.5B	5.0B	6.7B	8.6B	9.0B
Total Operating Expenses	1.2B	3.8B	4.1B	8.2B	5.7B	6.0B
Income Before Tax	2.8B	(1.5B)	1.5B	903.8M	1.5B	1.5B
Total Other Income Expense Net	(1.1B)	(869.0M)	(816.9M)	(535.6M)	(418.7M)	(397.8M)
Net Income	2.0B	(1.3B)	1.3B	206.7M	1.1B	1.2B
Income Tax Expense	632.3M	(191.6M)	253.4M	697.1M	157.8M	165.7M
Selling General Administrative	2.1B	2.1B	2.5B	4.2B	4.7B	4.9B
Selling And Marketing Expenses	195M	88M	121M	235M	512.8M	390.3M
Net Income Applicable To Common Shares	2.0B	(1.0B)	1.3B	1.5B	1.7B	1.8B
Net Income From Continuing Ops	2.2B	(1.3B)	1.2B	206.7M	615.3M	484.5M
Non Operating Income Net Other	(245.6M)	(192.7M)	(17.3M)	59.4M	68.3M	71.7M
Minority Interest	165.2M	(287.2M)	46.0M	1.3B	497.4M	522.3M
Tax Provision	632.3M	(191.6M)	253.4M	697.1M	503.3M	528.5M
Interest Income	910.2M	779.7M	882.8M	618.4M	556.6M	633.4M
Net Interest Income	(847.9M)	(676.4M)	(799.6M)	(595.0M)	(490.5M)	(515.1M)
Reconciled Depreciation	1.3B	1.2B	1.2B	3.5B	2.0B	1.8B

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When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:

How To Invest In MGM

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Is MGM Stock a good investment?

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What is MGM Resorts' Net Worth?

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Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.326

Earnings Share

2.78

Revenue Per Share

54.26

Quarterly Revenue Growth

0.053

Return On Assets

0.0254

The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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MGM Historical Income Statement

About MGM Income Statement Analysis

MGM Resorts Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Interest Income

MGM Resorts income statement Correlations

MGM Resorts Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MGM Resorts income statement Accounts

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Gross Profit	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Total Revenue
Ebit	+ 0.96	Operating Income
Other Operating Expenses	+ 0.94	Gross Profit
Net Income	+ 0.94	Income Before Tax
Net Income From Continuing Ops	+ 0.94	Net Income

Net Interest Income	- 0.84	Interest Income
Interest Income	- 0.81	Selling General Administrative
Interest Income	- 0.8	Total Operating Expenses
Extraordinary Items	- 0.74	Selling General Administrative
Interest Income	- 0.72	Other Operating Expenses
Extraordinary Items	- 0.71	Net Interest Income