MGM Historical Income Statement
MGM Stock | USD 36.52 0.08 0.22% |
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.
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.
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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
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.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.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. At this time, MGM Resorts' Cost Of Revenue is very stable compared to the past year. As of the 11th of December 2024, Total Operating Expenses is likely to grow to about 6 B, while EBITDA is likely to drop about 1.4 B.
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 |
MGM Resorts income statement Correlations
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MGM Resorts Account Relationship Matchups
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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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Try AI Portfolio ArchitectCheck 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. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 2.79 | 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.