2018 Q4 Form 10-Q Financial Statement
#000156459018027761 Filed on November 07, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
Revenue | $3.053B | $3.029B | $2.859B |
YoY Change | 17.53% | 7.04% | 7.79% |
Cost Of Revenue | $1.827B | $1.787B | $1.669B |
YoY Change | 18.46% | 11.85% | 9.79% |
Gross Profit | $1.226B | $1.242B | $1.189B |
YoY Change | 16.15% | 0.8% | 5.11% |
Gross Profit Margin | 40.16% | 41.0% | 41.6% |
Selling, General & Admin | $581.6M | $463.4M | $438.5M |
YoY Change | -0.27% | 15.27% | 23.73% |
% of Gross Profit | 47.44% | 37.32% | 36.87% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $312.5M | $300.5M | $296.2M |
YoY Change | 25.3% | 20.39% | 21.05% |
% of Gross Profit | 25.49% | 24.2% | 24.91% |
Operating Expenses | $894.1M | $463.4M | $438.5M |
YoY Change | 7.4% | 15.27% | 23.73% |
Operating Profit | $335.8M | $410.9M | $363.1M |
YoY Change | 50.28% | -16.6% | -27.37% |
Interest Expense | -$198.2M | $205.6M | $181.5M |
YoY Change | 43.83% | 25.9% | -226.04% |
% of Operating Profit | -59.03% | 50.03% | 49.99% |
Other Income/Expense, Net | -$6.600M | -$220.4M | -$198.9M |
YoY Change | -60.0% | 9.0% | 7.32% |
Pretax Income | $98.50M | $190.5M | $164.1M |
YoY Change | 139.66% | -34.43% | -47.82% |
Income Tax | $92.00M | $19.05M | $23.71M |
% Of Pretax Income | 93.4% | 10.0% | 14.45% |
Net Earnings | -$23.33M | $142.9M | $123.8M |
YoY Change | -101.68% | -3.7% | -41.02% |
Net Earnings / Revenue | -0.76% | 4.72% | 4.33% |
Basic Earnings Per Share | -$0.06 | $0.26 | $0.21 |
Diluted Earnings Per Share | -$0.06 | $0.26 | $0.21 |
COMMON SHARES | |||
Basic Shares Outstanding | 527.2M | 535.1M | 548.4M |
Diluted Shares Outstanding | 540.4M | 554.3M |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.527B | $1.303B | $1.273B |
YoY Change | 1.8% | -34.42% | -27.55% |
Cash & Equivalents | $1.527B | $1.303B | $1.273B |
Short-Term Investments | |||
Other Short-Term Assets | $204.0M | $235.0M | $181.0M |
YoY Change | 7.94% | 23.04% | 22.3% |
Inventory | $110.8M | $104.0M | $109.0M |
Prepaid Expenses | |||
Receivables | $657.2M | $547.0M | $497.0M |
Other Receivables | $29.00M | $19.00M | $23.00M |
Total Short-Term Assets | $2.527B | $2.208B | $2.083B |
YoY Change | 6.33% | -21.0% | -16.18% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $20.73B | $20.73B | $19.86B |
YoY Change | 5.57% | 8.35% | 5.11% |
Goodwill | $1.821B | ||
YoY Change | 0.82% | ||
Intangibles | $3.944B | ||
YoY Change | 1.71% | ||
Long-Term Investments | $733.0M | $666.0M | $883.0M |
YoY Change | -29.04% | -33.93% | -9.99% |
Other Assets | $455.3M | $552.0M | $570.0M |
YoY Change | 5.78% | 27.48% | 42.5% |
Total Long-Term Assets | $27.68B | $27.77B | $26.89B |
YoY Change | 3.36% | 5.55% | 3.21% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.527B | $2.208B | $2.083B |
Total Long-Term Assets | $27.68B | $27.77B | $26.89B |
Total Assets | $30.21B | $29.97B | $28.98B |
YoY Change | 3.6% | 3.0% | 1.52% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $302.6M | $301.0M | $268.0M |
YoY Change | 18.65% | 23.87% | 30.1% |
Accrued Expenses | $47.00M | $35.00M | $60.00M |
YoY Change | 67.86% | 218.18% | 27.66% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $43.41M | $0.00 | $0.00 |
YoY Change | -72.52% | -100.0% | -100.0% |
Total Short-Term Liabilities | $2.949B | $2.978B | $3.065B |
YoY Change | -6.03% | 8.85% | 14.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $15.09B | $14.66B | $13.51B |
YoY Change | 18.33% | 12.57% | 6.19% |
Other Long-Term Liabilities | $259.2M | $251.0M | $246.0M |
YoY Change | -8.72% | -12.24% | -15.17% |
Total Long-Term Liabilities | $15.35B | $14.92B | $13.76B |
YoY Change | 17.74% | 12.03% | 5.72% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.949B | $2.978B | $3.065B |
Total Long-Term Liabilities | $15.35B | $14.92B | $13.76B |
Total Liabilities | $19.64B | $19.13B | $18.05B |
YoY Change | 12.42% | 2.22% | -1.12% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.423B | ||
YoY Change | |||
Common Stock | $4.097B | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.512B | $6.773B | $6.847B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $30.21B | $29.97B | $28.98B |
YoY Change | 3.6% | 3.0% | 1.52% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$23.33M | $142.9M | $123.8M |
YoY Change | -101.68% | -3.7% | -41.02% |
Depreciation, Depletion And Amortization | $312.5M | $300.5M | $296.2M |
YoY Change | 25.3% | 20.39% | 21.05% |
Cash From Operating Activities | $327.0M | $302.3M | $515.5M |
YoY Change | -52.92% | -47.22% | -3.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$262.9M | -$362.1M | -$443.2M |
YoY Change | -43.44% | -31.25% | 6.41% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$21.40M | -$757.1M | $196.1M |
YoY Change | -298.15% | 10563.38% | -32.31% |
Cash From Investing Activities | -$284.3M | -$1.119B | -$247.0M |
YoY Change | -37.38% | 109.69% | 94.64% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $64.00M | $65.00M | |
YoY Change | 1.59% | 3.17% | |
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 181.8M | 845.6M | -521.1M |
YoY Change | -125.01% | 342.95% | 1100.69% |
NET CHANGE | |||
Cash From Operating Activities | 327.0M | 302.3M | 515.5M |
Cash From Investing Activities | -284.3M | -1.119B | -247.0M |
Cash From Financing Activities | 181.8M | 845.6M | -521.1M |
Net Change In Cash | 224.5M | 28.60M | -252.6M |
YoY Change | -146.16% | -87.56% | -169.51% |
FREE CASH FLOW | |||
Cash From Operating Activities | $327.0M | $302.3M | $515.5M |
Capital Expenditures | -$262.9M | -$362.1M | -$443.2M |
Free Cash Flow | $589.9M | $664.4M | $958.7M |
YoY Change | -49.12% | -39.57% | 0.89% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
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Selling General And Administrative Expense
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|
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Business Exit Costs Credits
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|
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Business Exit Costs Credits
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Weighted Average Number Of Diluted Shares Outstanding
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Share Based Compensation
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|
1446581000 | |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1302677000 | |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1986688000 | |
CY2018Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
264184000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-24152000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
13856000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
16117000 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-8295000 | |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9791000 | |
CY2018Q1 | us-gaap |
Dividends
Dividends
|
67999000 | |
CY2018Q1 | mgm |
Stock Issued During Period Value Performance Share Units
StockIssuedDuringPeriodValuePerformanceShareUnits
|
3716000 | |
CY2018Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
362400000 | |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
4598000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-1614000 | |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11400371000 | |
CY2018Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
138121000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1400000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
5335000 | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
17807000 | |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-1095000 | |
CY2018Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
24287000 | |
CY2018Q2 | us-gaap |
Dividends
Dividends
|
65335000 | |
CY2018Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
594864000 | |
CY2018Q2 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
5986000 | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-1034000 | |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10839941000 | |
CY2018Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
169194000 | |
CY2018Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
17106000 | |
CY2018Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-2202000 | |
CY2018Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
17618000 | |
CY2018Q3 | us-gaap |
Dividends
Dividends
|
63961000 | |
CY2018Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
176070000 | |
CY2018Q3 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
4155000 | |
CY2018Q3 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-1270000 | |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9941957000 | |
CY2017Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
250454000 | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-634000 | |
CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15966000 | |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-4074000 | |
CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
2044000 | |
CY2017Q1 | mgm |
Stock Issued During Period Value Performance Share Units
StockIssuedDuringPeriodValuePerformanceShareUnits
|
9743000 | |
CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-45000 | |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10112927000 | |
CY2017Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
239310000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-25376000 | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-3323000 | |
CY2017Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15013000 | |
CY2017Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-7625000 | |
CY2017Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
42822000 | |
CY2017Q2 | us-gaap |
Dividends
Dividends
|
63247000 | |
CY2017Q2 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
380000 | |
CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10202460000 | |
CY2017Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
173776000 | |
CY2017Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15347000 | |
CY2017Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-8653000 | |
CY2017Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
27029000 | |
CY2017Q3 | us-gaap |
Dividends
Dividends
|
63298000 | |
CY2017Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
327500000 | |
CY2017Q3 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-1582000 | |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10295451000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1 — ORGANIZATION </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Organization.<font style="font-weight:normal;"> MGM Resorts International (together with its consolidated subsidiaries, unless otherwise indicated or unless the context requires otherwise, the “Company”) is a Delaware corporation that acts largely as a holding company and, through subsidiaries, owns and operates casino resorts.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company owns and operates the following integrated casino, hotel and entertainment resorts in Las Vegas, Nevada: Bellagio, MGM Grand Las Vegas, The Mirage, Mandalay Bay, Luxor, New York-New York, Park MGM (which was branded as Monte Carlo prior to May 2018), Excalibur and Circus Circus Las Vegas. Operations at MGM Grand Las Vegas include management of The Signature at MGM Grand Las Vegas, a condominium-hotel consisting of three towers. The Company operates and, along with local investors, owns MGM Grand Detroit in Detroit, Michigan, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts, which opened on August 24, 2018. The Company also owns and operates Borgata located on Renaissance Pointe in the Marina area of Atlantic City, New Jersey, and the following resorts in Mississippi: Beau Rivage in Biloxi and Gold Strike in Tunica. The Company owns and operates The Park, a dining and entertainment district located between New York-New York and Park MGM, Shadow Creek, an exclusive world-class golf course located approximately ten miles north of its Las Vegas Strip resorts, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">MGM Growth Properties LLC (“MGP”), a consolidated subsidiary of the Company, is organized as an umbrella partnership REIT (commonly referred to as an UPREIT) structure in which substantially all of its assets are owned by and substantially all of its businesses are conducted through MGM Growth Properties Operating Partnership LP (the “Operating Partnership”), its subsidiary. MGP has two classes of authorized and outstanding voting common shares (collectively, the “shares”): Class A shares and a single Class B share. The Company owns MGP’s Class B share, which does not provide its holder any rights to profits or losses or any rights to receive distributions from operations of MGP or upon liquidation or winding up of MGP. MGP’s Class A shareholders are entitled to one vote per share, while the Company, as the owner of the Class B share, is entitled to an amount of votes representing a majority of the total voting power of MGP’s shares so long as the Company and its controlled affiliates’ (excluding MGP) aggregate beneficial ownership of the combined economic interests in MGP and the Operating Partnership does not fall below 30%. The Company and MGP each hold Operating Partnership units representing limited partner interests in the Operating Partnership. The general partner of the Operating Partnership is a wholly-owned subsidiary of MGP. The Operating Partnership units held by the Company are exchangeable into Class A shares of MGP on a one-to-one basis, or cash at the fair value of a Class A share. The determination of settlement method is at the option of MGP’s independent conflicts committee. As of September 30, 2018, the Company owned 73.3% of the Operating Partnership units and MGP held the remaining 26.7% of the Operating Partnership units.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to a master lease agreement between a subsidiary of the Company (the “tenant”) and a subsidiary of the Operating Partnership (the “landlord”), the tenant leases the real estate assets of The Mirage, Mandalay Bay, Luxor, New York-New York, Park MGM, Excalibur, The Park, Gold Strike Tunica, MGM Grand Detroit, Beau Rivage, Borgata, and MGM National Harbor from the landlord.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July 6, 2018, MGP completed its previously announced acquisition of the membership interests of Northfield Park Associates, LLC (“Northfield”), an Ohio limited liability company that owns the real estate assets and operations of the Hard Rock Rocksino Northfield Park from Milstein Entertainment LLC. Simultaneously with the close of the transaction, MGP entered into a new agreement with an affiliate of Hard Rock Café International (STP), Inc. to continue to serve as the manager of the property. Refer to Note 3 for additional information.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On September 18, 2018, the Company entered into an agreement with MGP to acquire all of the operating assets of Northfield from MGP. Northfield will be added to the existing master lease between the Company and MGP. The transaction is expected to close in the first half of 2019, subject to customary closing conditions and regulatory approvals. Refer to Note 3 for additional information.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May 28, 2018, the Company entered into an agreement to acquire the real property and operations associated with the Empire City Casino's race track and casino ("Empire City"). The Company also entered into a definitive agreement with MGP whereby MGP will acquire the developed real property associated with Empire City from the Company. The transactions are expected to close in the first quarter of 2019, subject to regulatory approvals and other customary closing conditions. Refer to Note 3 for additional information.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has an approximate 56% controlling interest in MGM China, which owns MGM Grand Paradise, S.A. (“MGM Grand Paradise”). MGM Grand Paradise owns and operates the MGM Macau resort and casino and the related gaming subconcession and land concessions as well as MGM Cotai, an integrated casino, hotel and entertainment resort located on the Cotai Strip in Macau that opened on February 13, 2018. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company owns 50% of and manages CityCenter Holdings, LLC (“CityCenter”), located between Bellagio and Park MGM. The other 50% of CityCenter is owned by Infinity World Development Corp, a wholly owned subsidiary of Dubai World, a Dubai, United Arab Emirates government decree entity. CityCenter consists of Aria, an integrated casino, hotel and entertainment resort; and Vdara, a luxury condominium-hotel. <font style="Background-color:#FFFFFF;color:#000000;">On August 30, 2018, a subsidiary of CityCenter completed the previously announced sale of the Mandarin Oriental Las Vegas and adjacent retail parcels</font>. See Note 4 for additional information related to CityCenter.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company and a subsidiary of Anschutz Entertainment Group, Inc. (“AEG”) each own 42.5% of the Las Vegas Arena Company, LLC (“Las Vegas Arena Company”), the entity which owns the T-Mobile Arena, and Athena Arena, LLC owns the remaining 15%. The Company manages the T-Mobile Arena, which is located on a parcel of the Company’s land between Frank Sinatra Drive and New York-New York, adjacent to the Las Vegas Strip. The T-Mobile Arena is a 20,000 seat venue designed to host world-class events – from mixed martial arts, boxing, basketball and bull riding, to high profile awards shows and top-name concerts, and is the home of the Vegas Golden Knights of the National Hockey League. Additionally, the Company leases the MGM Grand Garden Arena, located adjacent to the MGM Grand Las Vegas, to the Las Vegas Arena Company. See Note 4 for additional information regarding the Company’s investment in the Las Vegas Arena Company.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August 7, 2018, the Company, along with its joint venture partner, completed the previously announced sale of its 50% interest in Grand Victoria, a riverboat casino in Elgin, Illinois. See Note 4 for additional information regarding the Company’s investment in Grand Victoria.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has two reportable segments: domestic resorts and MGM China. See Note 10 for additional information about the Company’s segments.</p></div> | ||
mgm |
Percent Interest In A Less Than Hundred Percent Owned Consolidated Affiliate
PercentInterestInALessThanHundredPercentOwnedConsolidatedAffiliate
|
0.733 | ||
CY2018Q3 | mgm |
Minority Interest Ownership Percentage In Consolidated Subsidiary
MinorityInterestOwnershipPercentageInConsolidatedSubsidiary
|
0.267 | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2018Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
35000000 | |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
28000000 | |
CY2018Q3 | us-gaap |
Retention Payable
RetentionPayable
|
2000000 | |
CY2017Q4 | us-gaap |
Retention Payable
RetentionPayable
|
34000000 | |
CY2018Q3 | mgm |
Commissions Complimentaries And Other Incentives
CommissionsComplimentariesAndOtherIncentives
|
594000000 | |
mgm |
Commissions Complimentaries And Other Incentives
CommissionsComplimentariesAndOtherIncentives
|
1700000000 | ||
CY2017Q3 | mgm |
Commissions Complimentaries And Other Incentives
CommissionsComplimentariesAndOtherIncentives
|
535000000 | |
mgm |
Commissions Complimentaries And Other Incentives
CommissionsComplimentariesAndOtherIncentives
|
1500000000 | ||
CY2018Q3 | mgm |
Preopening Costs From Unconsolidated Affiliates
PreopeningCostsFromUnconsolidatedAffiliates
|
0 | |
CY2017Q3 | mgm |
Preopening Costs From Unconsolidated Affiliates
PreopeningCostsFromUnconsolidatedAffiliates
|
0 | |
mgm |
Preopening Costs From Unconsolidated Affiliates
PreopeningCostsFromUnconsolidatedAffiliates
|
3321000 | ||
mgm |
Preopening Costs From Unconsolidated Affiliates
PreopeningCostsFromUnconsolidatedAffiliates
|
0 | ||
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
23912000 | |
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
28965000 | |
CY2018Q3 | mgm |
Percentage Of Dividend On Equity Method Investments From Unconsolidated Affiliates
PercentageOfDividendOnEquityMethodInvestmentsFromUnconsolidatedAffiliates
|
0.50 | |
CY2018Q2 | mgm |
Percentage Of Dividend On Equity Method Investments From Unconsolidated Affiliates
PercentageOfDividendOnEquityMethodInvestmentsFromUnconsolidatedAffiliates
|
0.50 | |
CY2017Q2 | mgm |
Percentage Of Dividend On Equity Method Investments From Unconsolidated Affiliates
PercentageOfDividendOnEquityMethodInvestmentsFromUnconsolidatedAffiliates
|
0.50 | |
CY2018Q3 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
113000000 | |
CY2018Q2 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
200000000 | |
CY2017Q2 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
300000000 | |
CY2018Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
14790426000 | |
CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
13018276000 | |
CY2018Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
126454000 | |
CY2017Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
109182000 | |
CY2018Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
14663972000 | |
CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
12909094000 | |
CY2018Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
15000000000 | |
CY2017Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
13600000000 | |
CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.100 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.080 | ||
mgm |
Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
|
-72000000 | ||
mgm |
Foreign Tax Credit Carry Forward Period
ForeignTaxCreditCarryForwardPeriod
|
P10Y | ||
CY2018Q3 | mgm |
Tax Cuts And Jobs Act Of2017 Measurement Period Adjustment Income Tax Expense Benefit
TaxCutsAndJobsActOf2017MeasurementPeriodAdjustmentIncomeTaxExpenseBenefit
|
0 | |
CY2018Q3 | us-gaap |
Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
|
41000000 | |
CY2018Q3 | mgm |
Adjustment Related To Redeemable Noncontrolling Interests
AdjustmentRelatedToRedeemableNoncontrollingInterests
|
-4155000 | |
CY2017Q3 | mgm |
Adjustment Related To Redeemable Noncontrolling Interests
AdjustmentRelatedToRedeemableNoncontrollingInterests
|
-28000 | |
mgm |
Adjustment Related To Redeemable Noncontrolling Interests
AdjustmentRelatedToRedeemableNoncontrollingInterests
|
-14739000 | ||
mgm |
Adjustment Related To Redeemable Noncontrolling Interests
AdjustmentRelatedToRedeemableNoncontrollingInterests
|
-83000 | ||
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
138723000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
564556000 | ||
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
148335000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
475360000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2424000 | ||
us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2018-10-30 | ||
us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-12-14 | ||
CY2018Q3 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-43000 | |
CY2017Q3 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-42000 | |
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-179000 | ||
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-175000 | ||
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
138680000 | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
148293000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
475181000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
564381000 | ||
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5266000 | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7149000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6103000 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6679000 | ||
CY2018Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2432000 | |
CY2017Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1989000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1681000 | ||
us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2018-12-10 | ||
CY2018Q3 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
64000000 | |
CY2018Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
65000000 | |
CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
68000000 | |
CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
63000000 | |
CY2017Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
63000000 | |
CY2017Q3 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
63000000 | |
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.12 | |
CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.12 | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.12 | |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.11 | |
CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.11 | |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.11 | |
mgm |
Number Of Geographical Regions
NumberOfGeographicalRegions
|
2 | ||
CY2018Q3 | mgm |
Investment In Consolidated Subsidiary
InvestmentInConsolidatedSubsidiary
|
0 | |
CY2018Q3 | mgm |
Investments In Operating Partnership
InvestmentsInOperatingPartnership
|
0 | |
CY2018Q3 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
0 | |
CY2018Q3 | us-gaap |
Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
6365900000 | |
CY2018Q3 | us-gaap |
Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
|
0 | |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
19133997000 | |
CY2017Q4 | mgm |
Investment In Consolidated Subsidiary
InvestmentInConsolidatedSubsidiary
|
0 | |
CY2017Q4 | mgm |
Investments In Operating Partnership
InvestmentsInOperatingPartnership
|
0 | |
CY2017Q4 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
0 | |
CY2017Q4 | us-gaap |
Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
6114931000 | |
CY2017Q4 | us-gaap |
Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
|
0 | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
17469140000 | |
CY2018Q3 | us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | |
CY2018Q3 | mgm |
Cost Of Casino And Hotel Operations And Reimbursable Expense
CostOfCasinoAndHotelOperationsAndReimbursableExpense
|
1787426000 | |
CY2018Q3 | mgm |
Goodwill Impairment And Property Transactions Net
GoodwillImpairmentAndPropertyTransactionsNet
|
-42400000 | |
CY2018Q3 | mgm |
Other Nonoperating Income Expense Including Items From Unconsolidated Affiliates
OtherNonoperatingIncomeExpenseIncludingItemsFromUnconsolidatedAffiliates
|
-14874000 | |
CY2018Q3 | us-gaap |
Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
|
4028000 | |
us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | ||
mgm |
Cost Of Casino And Hotel Operations And Reimbursable Expense
CostOfCasinoAndHotelOperationsAndReimbursableExpense
|
5092050000 | ||
mgm |
Goodwill Impairment And Property Transactions Net
GoodwillImpairmentAndPropertyTransactionsNet
|
-19532000 | ||
mgm |
Other Nonoperating Income Expense Including Items From Unconsolidated Affiliates
OtherNonoperatingIncomeExpenseIncludingItemsFromUnconsolidatedAffiliates
|
-43249000 | ||
us-gaap |
Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
|
23219000 | ||
mgm |
Proceeds From Payments To Intercompany Activity
ProceedsFromPaymentsToIntercompanyActivity
|
0 | ||
us-gaap |
Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
|
0 | ||
mgm |
Change In Intercompany Payable Financing Activities
ChangeInIntercompanyPayableFinancingActivities
|
0 | ||
CY2017Q3 | us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | |
CY2017Q3 | mgm |
Cost Of Casino And Hotel Operations And Reimbursable Expense
CostOfCasinoAndHotelOperationsAndReimbursableExpense
|
1598072000 | |
CY2017Q3 | mgm |
Goodwill Impairment And Property Transactions Net
GoodwillImpairmentAndPropertyTransactionsNet
|
7711000 | |
CY2017Q3 | mgm |
Other Nonoperating Income Expense Including Items From Unconsolidated Affiliates
OtherNonoperatingIncomeExpenseIncludingItemsFromUnconsolidatedAffiliates
|
-38963000 | |
CY2017Q3 | us-gaap |
Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
|
1316000 | |
us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | ||
mgm |
Cost Of Casino And Hotel Operations And Reimbursable Expense
CostOfCasinoAndHotelOperationsAndReimbursableExpense
|
4651058000 | ||
mgm |
Goodwill Impairment And Property Transactions Net
GoodwillImpairmentAndPropertyTransactionsNet
|
22650000 | ||
mgm |
Other Nonoperating Income Expense Including Items From Unconsolidated Affiliates
OtherNonoperatingIncomeExpenseIncludingItemsFromUnconsolidatedAffiliates
|
-58008000 | ||
us-gaap |
Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
|
-2641000 | ||
mgm |
Proceeds From Payments To Intercompany Activity
ProceedsFromPaymentsToIntercompanyActivity
|
0 | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
404685000 | ||
us-gaap |
Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
|
0 | ||
mgm |
Change In Intercompany Payable Financing Activities
ChangeInIntercompanyPayableFinancingActivities
|
0 |