MGM Resorts International (MGM)

MGM Resorts International Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	205.86	746.56	1,142	1,473	1,254
Depreciation & Amortization	1,018	831.1	814.13	3,482	1,151
Other Amortization	26.68	27.23	27.84	32.77	40.33
Loss (Gain) From Sale of Assets	-	-	-398.79	-3,345	-
Asset Writedown & Restructuring Costs	278.93	-	-	-	-
Loss (Gain) From Sale of Investments	22.42	32.24	1.11	-12.43	-28.42
Loss (Gain) on Equity Investments	-53.96	113.32	83.26	221.11	97.79
Stock-Based Compensation	90.47	80.22	73.61	71.3	65.18
Provision & Write-off of Bad Debts	61.13	61.09	48.98	22.74	21.85
Other Operating Activities	984.77	832.31	745.5	-317.83	-1,371
Change in Accounts Receivable	-90.12	-157.66	-132.29	-211.69	-236.18
Change in Inventory	15.68	1.28	-15.52	-26.63	3.11
Change in Accounts Payable	-82.37	-107.4	410.13	183.84	442.63
Change in Income Taxes	47.65	-132.84	-58.49	197.1	-30.44
Change in Other Net Operating Assets	4.45	35.06	-50.88	-14.42	-36.61
Operating Cash Flow	2,529	2,362	2,691	1,756	1,373
Operating Cash Flow Growth	7.06%	-12.20%	53.19%	27.89%	-
Capital Expenditures	-1,069	-1,151	-931.81	-765.07	-490.7
Sale of Property, Plant & Equipment	7.11	13.18	465.82	1,166	106.6
Cash Acquisitions	-	-113.88	-122.06	-1,889	-1,790
Sale (Purchase) of Real Estate	-	-	-	4,374	3,888
Investment in Securities	-78.98	-31.87	-278.65	-767.79	-171.09
Other Investing Activities	-	-	152.52	-	-
Investing Cash Flow	-1,141	-1,283	-714.18	2,118	1,544
Short-Term Debt Issued	6.61	104.42	-	1,148	-
Long-Term Debt Issued	353.78	2,100	-	-	749.78
Total Debt Issued	360.39	2,204	-	1,148	749.78
Short-Term Debt Repaid	-	-	-1,097	-	-2,096
Long-Term Debt Repaid	-500	-2,175	-1,286	-1,070	-
Total Debt Repaid	-500	-2,175	-2,383	-1,070	-2,096
Net Debt Issued (Repaid)	-139.62	29.42	-2,383	77.94	-1,346
Repurchase of Common Stock	-1,228	-1,358	-2,292	-2,775	-1,754
Common Dividends Paid	-	-	-	-4.05	-4.79
Other Financing Activities	-363.21	-235.81	-329.81	-322.97	290.65
Financing Cash Flow	-1,731	-1,564	-5,005	-3,024	-2,814
Foreign Exchange Rate Adjustments	4.41	-26.88	-19.4	8.93	-1.55
Miscellaneous Cash Flow Adjustments	-14.61	-	25.94	-25.94	-
Net Cash Flow	-352.7	-511.83	-3,021	833.33	101.42
Free Cash Flow	1,460	1,212	1,759	991.4	882.73
Free Cash Flow Growth	20.51%	-31.10%	77.42%	12.31%	-
Free Cash Flow Margin	8.33%	7.03%	10.88%	7.55%	9.34%
Free Cash Flow Per Share	5.27	3.91	4.91	2.40	1.81
Cash Interest Paid	389.13	406.26	452.16	573.63	705.68
Cash Income Tax Paid	-34.62	267	344.4	22.96	43.02
Levered Free Cash Flow	477.95	922.36	884.45	1,628	364.46
Unlevered Free Cash Flow	713.18	1,172	1,144	1,967	823.88
Change in Working Capital	-104.71	-361.56	152.95	128.2	142.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q