Melco Resorts & Entertainment Ltd - Understand $mlco stock

$MLCO Market Cap: $2.728 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.775B

TTM

Gross Margin

37.42%

TTM

Net Earnings

-$277.6M

TTM

Current Assets

$1.544B

Q4 2023

Current Liabilities

$1.104B

Q4 2023

Current Ratio

139.93%

Q4 2023

Total Assets

$8.384B

Q4 2023

Total Liabilities

$9.622B

Q4 2023

Book Value

-$1.238B

Q4 2023

Cash

$1.311B

Q4 2023

P/E

-9.829

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$3.775B	$1.350B	$2.012B	$1.728B	$5.737B	$5.189B	$5.285B	$4.519B	$3.975B	$4.802B	$5.087B	$4.078B	$3.831B	$2.642B	$1.333B	$1.416B	$358.5M	$36.10M	$17.30M	$8.000M
YoY Change	179.65%	-32.92%	16.46%	-69.88%	10.56%	-1.81%	16.94%	13.7%	-17.23%	-5.6%	24.75%	6.45%	45.0%	98.21%	-5.88%	295.01%	893.07%	108.67%	116.25%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$3.775B	$1.350B	$2.012B	$1.728B	$5.737B	$5.189B	$5.285B	$4.519B	$3.975B	$4.802B	$5.087B	$4.078B	$3.831B	$2.642B	$1.333B	$1.416B	$358.5M	$36.10M	$17.30M	$8.000M
Cost Of Revenue	$2.363B	$1.063B	$1.492B	$1.538B	$3.638B	$3.333B	$3.553B	$3.114B	$2.799B	$3.345B	$3.559B	$2.940B	$2.810B	$2.018B	$1.158B	$1.175B	$317.2M	$19.30M	$6.900M	$5.400M
Gross Profit	$1.413B	$286.5M	$520.6M	$189.5M	$2.099B	$1.856B	$1.732B	$1.406B	$1.176B	$1.458B	$1.529B	$1.138B	$1.021B	$624.1M	$175.4M	$240.9M	$41.30M	$16.80M	$10.40M	$2.500M
Gross Profit Margin	37.42%	21.22%	25.87%	10.97%	36.59%	35.76%	32.77%	31.1%	29.58%	30.35%	30.05%	27.91%	26.65%	23.62%	13.16%	17.01%	11.52%	46.54%	60.12%	31.25%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$532.1M	$478.8M	$461.1M	$472.9M	$585.1M	$590.5M	$504.1M	$455.8M	$590.1M	$414.4M	$279.7M	$241.4M	$223.9M	$218.6M	$226.8M	$112.8M	$123.2M	$30.30M	$5.600M	$2.700M
YoY Change	11.14%	3.83%	-2.49%	-19.18%	-0.91%	17.14%	10.6%	-22.76%	42.4%	48.16%	15.87%	7.82%	2.42%	-3.62%	101.06%	-8.44%	306.6%	441.07%	107.41%
% of Gross Profit	37.67%	167.11%	88.58%	249.55%	27.88%	31.82%	29.11%	32.43%	50.19%	28.43%	18.3%	21.21%	21.93%	35.03%	129.3%	46.82%	298.31%	180.36%	53.85%	108.0%
Research & Development	$1.202M	$0.00	$30.68M	$25.60M	$57.40M	$23.00M	$31.10M	$100.0K	$100.0K	$10.70M	$26.30M	$11.10M	$1.100M	$0.00	$0.00
YoY Change		-100.0%	19.83%	-55.4%	149.57%	-26.05%	31000.0%	0.0%	-99.07%	-59.32%	136.94%	909.09%
% of Gross Profit	0.09%	0.0%	5.89%	13.51%	2.73%	1.24%	1.8%	0.01%	0.01%	0.73%	1.72%	0.98%	0.11%	0.0%	0.0%
Depreciation & Amortization	$543.4M	$521.9M	$579.8M	$618.5M	$651.2M	$567.9M	$540.6M	$552.3M	$470.6M	$368.4M	$382.8M	$378.6M	$350.9M	$313.1M	$217.5M	$126.9M	$113.9M	$36.50M	$8.500M	$2.000M
YoY Change	4.11%	-9.99%	-6.25%	-5.02%	14.67%	5.05%	-2.12%	17.36%	27.74%	-3.76%	1.11%	7.89%	12.07%	43.95%	71.39%	11.41%	212.05%	329.41%	325.0%
% of Gross Profit	38.47%	182.16%	111.38%	326.39%	31.03%	30.6%	31.21%	39.29%	40.02%	25.27%	25.04%	33.26%	34.37%	50.17%	124.0%	52.68%	275.79%	217.26%	81.73%	80.0%
Operating Expenses	$1.119B	$1.030B	$1.098B	$1.130B	$1.351B	$1.242B	$1.127B	$1.043B	$1.077B	$794.3M	$688.7M	$631.1M	$575.9M	$531.7M	$444.3M	$239.7M	$237.1M	$66.90M	$14.20M	$2.900M
YoY Change	8.7%	-6.23%	-2.83%	-16.37%	8.77%	10.17%	8.14%	-3.23%	35.64%	15.33%	9.13%	9.58%	8.31%	19.67%	85.36%	1.1%	254.41%	371.13%	389.66%
Operating Profit	$293.4M	-$743.1M	-$577.5M	-$940.5M	$747.7M	$613.4M	$604.5M	$363.1M	$98.40M	$663.4M	$839.9M	$507.1M	$445.1M	$92.40M	-$268.9M	$1.200M	-$195.8M	-$50.10M	-$3.800M	-$400.0K
YoY Change	-139.48%	28.69%	-38.6%	-225.79%	21.89%	1.47%	66.48%	269.0%	-85.17%	-21.01%	65.63%	13.93%	381.71%	-134.36%	-22508.33%	-100.61%	290.82%	1218.42%	850.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$466.9M	-$346.4M	-$339.4M	-$337.8M	-$41.10M	-$269.9M	-$239.4M	-$258.6M	-$145.1M	-$138.3M	-$173.9M	-$106.9M	-$126.0M	-$103.7M	-$36.80M	$8.900M	$20.70M	-$23.00M	-$100.0K	-$300.0K
YoY Change	34.79%	2.06%	0.46%	721.9%	-84.77%	12.74%	-7.42%	78.22%	4.92%	-20.47%	62.68%	-15.16%	21.5%	181.79%	-513.48%	-57.0%	-190.0%	22900.0%	-66.67%
% of Operating Profit	-159.12%				-5.5%	-44.0%	-39.6%	-71.22%	-147.46%	-20.85%	-20.7%	-21.08%	-28.31%	-112.23%		741.67%
Other Income/Expense, Net	-$1.624M	-$2.466M	-$7.951M	-$158.9M	-$297.1M	-$900.0K	-$800.0K	-$3.900M	-$5.000M	-$16.70M	-$24.00M	-$1.200M	-$6.700M	$4.900M	$300.0K	-$14.00M	-$4.500M	$300.0K	$100.0K	$100.0K
YoY Change	-34.14%	-68.99%	-95.0%	-46.52%	32911.11%	12.5%	-79.49%	-22.0%	-70.06%	-30.42%	1900.0%	-82.09%	-236.73%	1533.33%	-102.14%	211.11%	-1600.0%	200.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	-$401.9M	-$1.092B	-$953.6M	-$1.458B	$402.6M	$339.1M	$312.2M	$75.10M	-$59.80M	$530.4M	$580.5M	$395.7M	$287.2M	-$9.600M	-$308.6M	-$3.900M	-$179.6M	-$80.40M	-$3.700M	-$500.0K
YoY Change	-63.19%	14.51%	-34.57%	-462.02%	18.73%	8.62%	315.71%	-225.59%	-111.27%	-8.63%	46.7%	37.78%	-3091.67%	-96.89%	7812.82%	-97.83%	123.38%	2072.97%	640.0%
Income Tax	-$35.91M	$5.236M	$2.885M	-$2.900M	$8.300M	$200.0K	$0.00	$8.200M	$1.000M	$3.000M	$2.400M	-$2.900M	-$1.600M	$900.0K	-$100.0K	-$1.500M	-$1.500M	-$1.900M	-$100.0K	$100.0K
% Of Pretax Income					2.06%	0.06%	0.0%	10.92%		0.57%	0.41%	-0.73%	-0.56%
Net Earnings	-$277.6M	-$930.5M	-$811.8M	-$1.264B	$373.2M	$340.3M	$344.8M	$175.9M	$105.7M	$608.3M	$637.5M	$417.2M	$294.7M	-$10.50M	-$308.5M	-$2.500M	-$178.2M	-$73.50M	-$3.300M	-$500.0K
YoY Change	-70.17%	14.63%	-35.75%	-438.56%	9.67%	-1.31%	96.02%	66.41%	-82.62%	-4.58%	52.8%	41.57%	-2906.67%	-96.6%	12240.0%	-98.6%	142.45%	2127.27%	560.0%
Net Earnings / Revenue	-7.35%	-68.93%	-40.34%	-73.12%	6.51%	6.56%	6.52%	3.89%	2.66%	12.67%	12.53%	10.23%	7.69%	-0.4%	-23.15%	-0.18%	-49.71%	-203.6%	-19.08%	-6.25%
Basic Earnings Per Share	-$0.25	-$0.67	-$0.57	-$0.88
Diluted Earnings Per Share	-$0.21	-$0.67	-$566.0K	-$882.3K	$258.6K	$224.4K	$230.5K	$115.3K	$64.96K	$366.3K	$383.1K	$251.6K	$182.3K	-$6.581K	-$210.4K	-$1.893K	-$145.5K	-$116.1K	-$6.311K	-$800.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$1.311B	$1.813B	$1.653B	$1.755B	$1.444B	$1.564B	$1.508B	$1.913B	$2.336B	$1.708B	$2.009B	$1.709B	$1.158B	$442.0M	$213.0M	$815.0M	$835.0M	$584.0M	$20.00M	$6.000M
YoY Change	-27.69%	9.67%	-5.82%	21.54%	-7.67%	3.71%	-21.17%	-18.11%	36.77%	-14.98%	17.55%	47.58%	161.99%	107.51%	-73.87%	-2.4%	42.98%	2820.0%	233.33%
Cash & Equivalents	$1.311B	$1.813B	$1.653B	$1.755B	$1.395B	$1.472B	$1.418B	$1.913B	$2.336B	$1.708B	$2.009B	$1.709B	$1.158B	$442.0M	$213.0M	$815.0M	$835.0M	$584.0M	$20.00M	$6.000M
Short-Term Investments				$0.00	$49.00M	$92.00M	$90.00M
Other Short-Term Assets	$111.7M	$178.9M	$131.4M	$86.00M	$121.0M	$143.0M	$123.0M	$107.0M	$378.0M	$1.517B	$834.0M	$701.0M	$24.00M	$182.0M	$256.0M	$86.00M	$315.0M	$2.000M	$1.000M	$0.00
YoY Change	-37.56%	36.16%	52.78%	-28.93%	-15.38%	16.26%	14.95%	-71.69%	-75.08%	81.89%	18.97%	2820.83%	-86.81%	-28.91%	197.67%	-72.7%	15650.0%	100.0%
Inventory	$29.43M	$26.42M	$29.59M	$37.00M	$44.00M	$41.00M	$35.00M	$33.00M	$33.00M	$23.00M	$18.00M	$17.00M	$15.00M	$15.00M	$7.000M	$2.000M	$1.000M	$0.00	$0.00	$0.00
Prepaid Expenses
Receivables	$91.64M	$55.99M	$54.49M	$130.0M	$284.0M	$242.0M	$177.0M	$225.0M	$272.0M	$254.0M	$288.0M	$321.0M	$307.0M	$260.0M	$262.0M	$73.00M	$49.00M	$0.00	$0.00	$0.00
Other Receivables	$797.0K	$630.0K	$384.0K	$0.00	$1.000M	$87.00M	$2.000M	$2.000M	$1.000M	$1.000M	$0.00	$2.000M	$1.000M	$1.000M	$0.00	$0.00	$0.00	$1.000M	$1.000M	$1.000M
Total Short-Term Assets	$1.544B	$2.075B	$1.869B	$2.009B	$1.895B	$2.078B	$1.845B	$2.280B	$3.020B	$3.503B	$3.148B	$2.749B	$1.506B	$900.0M	$737.0M	$976.0M	$1.201B	$587.0M	$22.00M	$7.000M
YoY Change	-25.56%	11.02%	-6.98%	6.02%	-8.81%	12.63%	-19.08%	-24.5%	-13.79%	11.28%	14.51%	82.54%	67.33%	22.12%	-24.49%	-18.73%	104.6%	2568.18%	214.29%
Property, Plant & Equipment	$5.596B	$5.930B	$5.979B	$5.773B	$5.835B	$5.784B	$5.731B	$5.656B	$5.760B	$4.696B	$3.309B	$2.684B	$2.655B	$2.672B	$2.787B	$2.108B	$980.0M	$280.0M	$68.00M	$11.00M
YoY Change	-5.62%	-0.82%	3.56%	-1.06%	0.88%	0.92%	1.33%	-1.81%	22.66%	41.92%	23.29%	1.09%	-0.64%	-4.13%	32.21%	115.1%	250.0%	311.76%	518.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments				$0.00	$569.0M	$0.00
YoY Change				-100.0%
Other Assets	$274.8M	$285.1M	$179.4M	$278.0M	$164.0M	$170.0M	$190.0M	$195.0M	$192.0M	$832.0M	$834.0M	$896.0M	$478.0M	$124.0M	$91.00M	$123.0M	$77.00M	$19.00M	$154.0M	$2.000M
YoY Change	-3.62%	58.93%	-35.48%	69.51%	-3.53%	-10.53%	-2.56%	1.56%	-76.92%	-0.24%	-6.92%	87.45%	285.48%	36.26%	-26.02%	59.74%	305.26%	-87.66%	7600.0%
Total Long-Term Assets	$6.840B	$7.227B	$7.015B	$7.012B	$7.593B	$7.044B	$7.050B	$7.060B	$7.242B	$6.930B	$5.666B	$5.198B	$4.764B	$3.984B	$4.126B	$3.522B	$2.419B	$1.693B	$399.0M	$99.00M
YoY Change	-5.35%	3.02%	0.04%	-7.65%	7.79%	-0.09%	-0.14%	-2.51%	4.5%	22.31%	9.0%	9.11%	19.58%	-3.44%	17.15%	45.6%	42.88%	324.31%	303.03%
Total Assets	$8.384B	$9.302B	$8.884B	$9.021B	$9.488B	$9.122B	$8.895B	$9.340B	$10.26B	$10.43B	$8.814B	$7.947B	$6.270B	$4.884B	$4.863B	$4.498B	$3.620B	$2.280B	$421.0M	$106.0M
YoY Change
Accounts Payable	$11.75M	$6.730M	$5.992M	$9.000M	$22.00M	$25.00M	$16.00M	$17.00M	$16.00M	$14.00M	$10.00M	$14.00M	$12.00M	$9.000M	$9.000M	$2.000M	$6.000M	$3.000M	$0.00	$1.000M
YoY Change	74.62%	12.32%	-33.42%	-59.09%	-12.0%	56.25%	-5.88%	6.25%	14.29%	40.0%	-28.57%	16.67%	33.33%	0.0%	350.0%	-66.67%	100.0%		-100.0%
Accrued Expenses	$1.028B	$822.1M	$581.6M	$647.0M	$1.089B	$1.175B	$1.095B	$1.069B	$859.0M	$822.0M	$773.0M	$701.0M	$503.0M	$389.0M	$373.0M	$419.0M	$411.0M	$76.00M	$9.000M	$1.000M
YoY Change	25.05%	41.36%	-10.11%	-40.59%	-7.32%	7.31%	2.43%	24.45%	4.5%	6.34%	10.27%	39.36%	29.31%	4.29%	-10.98%	1.95%	440.79%	744.44%	800.0%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$35.31M	$357.5M	$48.68M	$80.00M	$40.00M	$430.0M	$84.00M	$81.00M	$133.0M	$286.0M	$290.0M	$855.0M	$0.00	$203.0M	$45.00M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-90.12%	634.32%	-39.15%	100.0%	-90.7%	411.9%	3.7%	-39.1%	-53.5%	-1.38%	-66.08%		-100.0%	351.11%
Total Short-Term Liabilities	$1.104B	$1.199B	$1.022B	$1.116B	$1.525B	$2.147B	$1.684B	$1.479B	$1.211B	$1.317B	$1.238B	$1.722B	$603.0M	$676.0M	$522.0M	$450.0M	$484.0M	$208.0M	$139.0M	$18.00M
YoY Change	-7.93%	17.3%	-8.43%	-26.82%	-28.97%	27.49%	13.86%	22.13%	-8.05%	6.38%	-28.11%	185.57%	-10.8%	29.5%	16.0%	-7.02%	132.69%	49.64%	672.22%
Long-Term Debt	$7.660B	$8.288B	$6.907B	$5.916B	$4.656B	$3.919B	$3.772B	$3.932B	$3.983B	$3.918B	$2.524B	$2.340B	$2.326B	$1.637B	$1.754B	$1.528B	$615.0M	$116.0M	$0.00	$0.00
YoY Change	-7.58%	19.99%	16.76%	27.06%	18.81%	3.9%	-4.07%	-1.28%	1.66%	55.23%	7.86%	0.6%	42.09%	-6.67%	14.79%	148.46%	430.17%
Other Long-Term Liabilities	$376.4M	$89.54M	$93.41M	$105.0M	$107.0M	$29.00M	$49.00M	$49.00M	$81.00M	$97.00M	$64.00M	$79.00M	$83.00M	$31.00M	$60.00M	$92.00M	$72.00M	$42.00M	$9.000M	$0.00
YoY Change	320.41%	-4.14%	-11.04%	-1.87%	268.97%	-40.82%	0.0%	-39.51%	-16.49%	51.56%	-18.99%	-4.82%	167.74%	-48.33%	-34.78%	27.78%	71.43%	366.67%
Total Long-Term Liabilities	$8.037B	$8.378B	$7.001B	$6.021B	$4.763B	$3.948B	$3.821B	$3.981B	$4.064B	$4.015B	$2.588B	$2.419B	$2.409B	$1.668B	$1.814B	$1.620B	$687.0M	$158.0M	$9.000M	$0.00
YoY Change	-4.07%	19.67%	16.27%	26.41%	20.64%	3.32%	-4.02%	-2.04%	1.22%	55.14%	6.99%	0.42%	44.42%	-8.05%	11.98%	135.81%	334.81%	1655.56%
Total Liabilities	$9.622B	$10.15B	$8.639B	$7.919B	$7.049B	$6.825B	$6.008B	$5.996B	$5.923B	$6.146B	$4.567B	$4.562B	$3.314B	$2.361B	$2.354B	$2.090B	$1.192B	$390.0M	$183.0M	$24.00M
YoY Change	-5.22%	17.52%	9.09%	12.34%	3.28%	13.6%	0.2%	1.23%	-3.63%	34.57%	0.11%	37.66%	40.36%	0.3%	12.63%	75.34%	205.64%	113.11%	662.5%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	1.315B	1.391B	1.434B	1.432B
Diluted Shares Outstanding	1.315B	1.391B	1.434B	1.432B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.7281 Billion

About Melco Resorts & Entertainment LTD

Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. The company employs 20,209 full-time employees The company went IPO on 2011-12-07. The firm is engaged in the operation of casinos in Macau and Philippines. The firm operates three casinos based in Macau, namely, City of Dreams, Altira Macau and Studio City. In addition, the Company is engaged in the operation of hotels in Macau and Manila.

Industry: Hotels & Motels Peers: STUDIO CITY INTERNATIONAL HOLDINGS Ltd