MGM Historical Income Statement
| MGM Stock | USD 39.44 2.17 5.22% |
Historical analysis of MGM Resorts income statement accounts such as Gross Profit of 7.1 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
MGM Resorts International Income Statement is one of the three primary financial statements used for reporting MGM's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MGM Resorts International revenue and expense. MGM Resorts Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, MGM Resorts' Cost Of Revenue is very stable compared to the past year. As of the 1st of May 2024, Total Operating Expenses is likely to grow to about 5.5 B, while EBITDA is likely to drop about 1.3 B. Add Fundamental
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.Cost Of Revenue
Cost of Revenue is found on MGM Resorts International income statement and represents the costs associated with goods and services MGM Resorts provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in MGM Resorts International financial statement analysis. It represents the amount of money remaining after all of MGM Resorts International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 tightly coupled 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 1st of May 2024, Total Operating Expenses is likely to grow to about 5.5 B, while EBITDA is likely to drop about 1.3 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.6B | 6.5B | 6.8B | 7.1B | 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 | 1.1B | 1.2B | 3.5B | 814.1M | 664.0M | |
| 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 | 6.8B | 7.1B | |
| Other Operating Expenses | 8.8B | 7.2B | 9.1B | 14.8B | 14.6B | 15.3B | |
| Operating Income | 3.9B | (2.1B) | 631.3M | (1.8B) | 1.6B | 1.7B | |
| Ebit | 3.9B | (2.1B) | 631.3M | (1.8B) | 1.6B | 1.7B | |
| Ebitda | 5.3B | (1.0B) | 1.8B | 1.7B | 2.4B | 1.3B | |
| Cost Of Revenue | 7.6B | 3.5B | 5.0B | 6.7B | 9.4B | 9.8B | |
| Total Operating Expenses | 1.2B | 3.8B | 4.1B | 8.2B | 5.2B | 5.5B | |
| Income Before Tax | 2.8B | (1.5B) | 1.5B | 903.8M | 1.5B | 1.5B | |
| Total Other Income Expense Net | (1.1B) | 572.3M | 830.5M | 2.7B | (110.3M) | (104.8M) | |
| 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 |
MGM Resorts Investors Sentiment
The influence of MGM Resorts' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGM Resorts' public news can be used to forecast risks associated with an investment in MGM. The trend in average sentiment can be used to explain how an investor holding MGM can time the market purely based on public headlines and social activities around MGM Resorts International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGM Resorts' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGM Resorts' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGM Resorts' news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGM Resorts.
MGM Resorts Implied Volatility | 113.79 |
MGM Resorts' implied volatility exposes the market's sentiment of MGM Resorts International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MGM Resorts' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MGM Resorts stock will not fluctuate a lot when MGM Resorts' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGM Resorts in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGM Resorts' short interest history, or implied volatility extrapolated from MGM Resorts options trading.
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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 tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
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Is MGM Resorts' industry 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 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
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.