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Last update at 2024-12-18T20:00:00Z
Why Is MGM (MGM) Up 0.3% Since Last Earnings Report?
Fri 30 Aug 24, 03:31 PMHere's Why Investors Should Retain MGM Resorts (MGM) for Now
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Fri 02 Aug 24, 07:34 AMMGM Resorts' (MGM) Q2 Earnings & Revenues Surpass Estimates
Thu 01 Aug 24, 03:30 PMMGM Resorts: Strength in Marriott Deal, Softness with Formula 1 in Vegas
Wed 31 Jul 24, 10:30 PMMGM China Reports 2024 Interim Financial Data
Wed 31 Jul 24, 10:15 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | -5216.17000M | -3828.00100M | -5191.34500M | 1941.69M | 772.89M |
Minority interest | - | - | - | - | 0.00000M |
Net income | -5231.91100M | -3846.61600M | -5201.53100M | 1931.23M | 1068.50M |
Selling general administrative | 330.30M | 413.56M | 307.18M | 650.75M | 579.52M |
Selling and marketing expenses | 220.50M | 390.97M | 198.97M | 658.94M | 625.11M |
Gross profit | -419.98500M | 1576.89M | -516.17500M | 7750.43M | 5842.70M |
Reconciled depreciation | 2033.61M | 2157.47M | 2467.67M | 2564.46M | 2150.30M |
Ebit | -3670.86300M | -2538.13200M | -4148.28200M | 3025.81M | 1489.78M |
Ebitda | -1637.25600M | -380.65800M | -1680.61600M | 5590.27M | 3640.08M |
Depreciation and amortization | 2033.61M | 2157.47M | 2467.67M | 2564.46M | 2150.30M |
Non operating income net other | - | - | - | - | 0.00000M |
Operating income | -3609.54200M | -2348.62900M | -4134.19200M | 2963.34M | 1434.99M |
Other operating expenses | 8864.75M | 11739.90M | 9216.89M | 19786.92M | 17571.46M |
Interest expense | 1531.95M | 1270.33M | 1029.78M | 898.29M | 516.72M |
Tax provision | 15.74M | 18.61M | 10.19M | 10.46M | -295.60500M |
Interest income | 71.70M | 4.79M | 9.23M | 21.24M | 12.11M |
Net interest income | -1593.55600M | -1378.71900M | -1109.17700M | -935.78600M | -649.86400M |
Extraordinary items | - | - | - | - | 0.00000M |
Non recurring | - | - | - | - | 0.00000M |
Other items | - | - | - | - | 0.00000M |
Income tax expense | 15.74M | 18.61M | 10.19M | 10.46M | -295.60500M |
Total revenue | 5268.57M | 9410.81M | 5095.98M | 22765.04M | 19200.72M |
Total operating expenses | 3176.20M | 3905.97M | 3604.73M | 4772.31M | 4213.45M |
Cost of revenue | 5688.55M | 7833.93M | 5612.16M | 15014.61M | 13358.02M |
Total other income expense net | -1606.62800M | -1479.37200M | -1057.15300M | -1021.64700M | -662.09900M |
Discontinued operations | - | - | - | - | 0.00000M |
Net income from continuing ops | -5231.91100M | -3846.61600M | -5201.53100M | 1931.23M | 1068.50M |
Net income applicable to common shares | -5231.91100M | -3846.61600M | -5201.53100M | 1931.23M | 1068.50M |
Preferred stock and other adjustments | - | - | - | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Total assets | 31209.50M | 28439.58M | 29668.75M | 32506.22M | 35132.57M |
Intangible assets | - | 46.27M | 141.70M | 244.84M | 1279.69M |
Earning assets | - | - | - | - | - |
Other current assets | - | - | - | - | 69.41M |
Total liab | 35205.92M | 27242.66M | 24651.09M | 22046.09M | 26186.80M |
Total stockholder equity | -3996.42100M | 1196.92M | 5017.66M | 10460.13M | 8945.78M |
Deferred long term liab | - | - | - | - | 0.00000M |
Other current liab | 30.22M | 32.99M | 25.61M | 58.36M | 33.75M |
Common stock | 3800.00M | 3800.00M | 3800.00M | 3800.00M | 3800.00M |
Capital stock | 3800.00M | 3800.00M | 3800.00M | 3800.00M | 3800.00M |
Retained earnings | -5839.38700M | -648.65900M | 3109.85M | 8613.47M | 7164.37M |
Other liab | - | 11.67M | 19.14M | 13.91M | 35.56M |
Good will | - | - | - | - | 0.00000M |
Other assets | 1061.68M | 39.36M | 62.91M | 69.52M | 191.47M |
Cash | 6706.59M | 3112.02M | 2635.51M | 3270.30M | 3992.11M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 2303.50M | 3113.71M | 3292.08M | 5236.53M | 8058.03M |
Current deferred revenue | - | - | - | - | - |
Net debt | 26210.38M | 21033.15M | 18736.47M | 13570.70M | 14881.10M |
Short term debt | 21.08M | 27.89M | 32.11M | 45.35M | 780.00M |
Short long term debt | - | - | - | 0.00000M | 780.00M |
Short long term debt total | 32916.97M | 24145.17M | 21371.98M | 16840.99M | 18873.21M |
Other stockholder equity | -1957.03400M | -2603.08400M | 1217.66M | 6660.13M | 5145.78M |
Property plant equipment | - | 24685.05M | 26276.68M | 28090.80M | 29003.44M |
Total current assets | 7233.84M | 3668.89M | 3187.47M | 4101.06M | 4657.96M |
Long term investments | - | - | - | - | 0.00000M |
Net tangible assets | -3996.42100M | 1150.64M | 4875.97M | 10215.29M | 7666.09M |
Short term investments | - | - | - | - | 0.00000M |
Net receivables | 239.52M | 269.93M | 292.37M | 533.31M | 436.75M |
Long term debt | 32725.14M | 23929.11M | 21155.04M | 16604.53M | 18093.21M |
Inventory | 160.02M | 164.41M | 159.85M | 163.72M | 159.70M |
Accounts payable | 2252.20M | 3052.82M | 3234.36M | 5132.82M | 7244.28M |
Total permanent equity | - | - | - | - | 0.00000M |
Noncontrolling interest in consolidated entity | - | - | - | - | 0.00000M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00000M |
Accumulated other comprehensive income | - | - | - | - | 0.00000M |
Additional paid in capital | - | - | - | - | 0.00000M |
Common stock total equity | - | - | - | - | 0.00000M |
Preferred stock total equity | - | - | - | - | 0.00000M |
Retained earnings total equity | - | - | - | - | 0.00000M |
Treasury stock | - | - | - | - | 0.00000M |
Accumulated amortization | - | - | - | - | 0.00000M |
Non currrent assets other | 1061.68M | 39.36M | 62.91M | 69.52M | 191.47M |
Deferred long term asset charges | - | - | - | - | 0.00000M |
Non current assets total | 23975.65M | 24770.69M | 26481.28M | 28405.16M | 30474.61M |
Capital lease obligations | 191.84M | 216.07M | 216.94M | 236.47M | 0.00000M |
Long term debt total | - | - | - | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -1320.93100M | -518.48900M | -831.95800M | -1329.88100M | -2915.07200M |
Change to liabilities | 0.00000M | -346.05600M | -1566.14700M | -1082.98300M | -1518.31600M |
Total cashflows from investing activities | -1320.93100M | -518.48900M | -831.95800M | -1329.88100M | -2915.07200M |
Net borrowings | - | 2620.94M | 4606.35M | -2106.68100M | 1074.50M |
Total cash from financing activities | 7037.13M | 1442.56M | 3162.55M | -3725.34300M | -532.93300M |
Change to operating activities | - | 5.57M | -32.82700M | 20.68M | 0.94M |
Net income | -5216.17000M | -3828.00100M | -5191.34500M | 1941.69M | 772.89M |
Change in cash | 3594.57M | 476.51M | -634.78500M | -721.81100M | -1291.28000M |
Begin period cash flow | 3112.02M | 2635.51M | 3270.30M | 3992.11M | 5283.39M |
End period cash flow | 6706.59M | 3112.02M | 2635.51M | 3270.30M | 3992.11M |
Total cash from operating activities | -2113.87800M | -449.60700M | -2969.88900M | 4333.61M | 2159.04M |
Issuance of capital stock | 0.00000M | 102.75M | 3.96M | 6.23M | 39.55M |
Depreciation | 2033.61M | 2157.47M | 2467.67M | 2564.46M | 2150.30M |
Other cashflows from investing activities | - | 9.14M | 6.76M | 4.95M | -18.49500M |
Dividends paid | - | - | -315.40000M | -486.40400M | 611.84M |
Change to inventory | 4.39M | -4.56600M | 4.08M | -2.57500M | -23.92000M |
Change to account receivables | - | -102.76700M | 147.26M | -237.57300M | -194.07000M |
Sale purchase of stock | 0.00000M | -128.02300M | -3.21000M | -6.94200M | -57.81600M |
Other cashflows from financing activities | 7237.13M | 7477.83M | 16534.42M | 11621.77M | 3922.67M |
Change to netincome | - | 1619.62M | 1143.87M | 1097.73M | 537.98M |
Capital expenditures | 291.50M | 527.72M | 838.80M | 1335.57M | 2896.66M |
Change receivables | - | - | - | - | 0.00000M |
Cash flows other operating | - | - | - | - | 0.00000M |
Exchange rate changes | - | - | - | - | 0.00000M |
Cash and cash equivalents changes | - | - | - | - | 0.00000M |
Change in working capital | -661.58600M | -447.82000M | -1447.63100M | -1302.45000M | -1735.36500M |
Stock based compensation | 46.35M | 51.64M | 68.58M | 70.31M | 76.64M |
Other non cash items | 1683.92M | 1617.10M | 1132.84M | 1059.61M | 894.57M |
Free cash flow | -2405.37800M | -977.32200M | -3808.68600M | 2998.05M | -737.61300M |
Sector: Consumer Cyclical Industry: Resorts & Casinos
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
MCHVF MGM China Holdings Limited |
- -% | 1.05 | - | 8.61 | 0.38 | 12.54 | 0.62 | 4.77 |
LVS Las Vegas Sands Corp |
0.69 1.35% | 51.71 | 56.23 | 16.29 | 4.18 | 7.87 | 5.21 | 15.33 |
GXYEF Galaxy Entertainment Group Ltd |
- -% | 4.30 | 135.79 | 14.12 | 1.15 | 2.73 | 1.07 | 7.83 |
GXYYY Galaxy Entertainment Group Ltd ADR |
0.27 1.25% | 21.83 | 670.00 | 14.04 | 1.15 | 2.71 | 1.08 | 7.93 |
SCHYY Sands China Ltd ADR |
1.78 6.60% | 28.75 | - | 12.08 | 6.70 | 211.73 | 8.69 | 51.08 |
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with 926 slot machines and 294 gaming tables, multiple VIP, and private gaming areas; a hotel with 585 hotel rooms, suites, and villas; and amenities, including 8 restaurants, retail outlets, pool, and spa facilities, as well as a convention space. The company also owns MGM Cotai, a resort that consists of a casino with 934 slot machines and 258 gaming tables; a hotel with 1,418 hotel rooms, suites, and skylofts; 12 restaurants and bars; retail outlets; and a meeting space, as well as other non-gaming offerings. In addition, MGM China Holdings Limited is involved in the provision of outsourcing services, including information technology, accounting, human resources, hotel reservation, and convention consultation. The company was incorporated in 2010 and is headquartered in Macau. MGM China Holdings Limited operates as a subsidiary of MGM Resorts International Holdings, Ltd.
Edificio MGM Macau, Macau, Macau
Name | Title | Year Born |
---|---|---|
Mr. William Joseph Hornbuckle IV | Exec. Chairperson | 1958 |
Mr. Xiaofeng Feng | Pres, Chief Strategic Officer & Non-Exec. Director | 1971 |
Dr. Chiu King Ho J.P., JP | Exec. Director | 1963 |
Mr. Grant R. Bowie | Advisor | 1958 |
Mr. Chen Yau Wong | Exec. Director | 1954 |
Mr. John M. McManus Esq. | Exec. Director | 1967 |
Mr. Zhi Qi Wang | Pres & COO | 1967 |
Ms. Yuen Ying Yu | Exec. VP of HR | 1968 |
Mr. Michael George Holubowskyj | Sr. VP of Security | 1966 |
Mr. Han Tian | Sr. VP of Gaming Operations & Strategic Marketing | 1981 |
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