$MGM MGM Resorts International Company Overview
MGM Resorts International operates as holding company, which is engages in gaming, hospitality and entertainment businesses. The company operates through two geographical segments: Wholly Owned Domestic Resorts and MGM China. The Wholly Owned Domestic Resort segment operates 15 wholly owned resorts in the United States. MGM China's segment consists of the MGM Macau resort and casino. It portfolio includes Bellagio, MGM Grand, Mandalay Bay and The Mirage. The company also engages in other business activities such as MGM hospitality operations and certain other corporate and management operations. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The gaming operations at MGM Macau are conducted under a gaming sub concession held by MGM Grand Paradise. The company was founded by Kirk Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
MGM Last Price: 19.18
Last Updated: November 28, 2013 7:57 PM EST
MGM Stock Message Board and Forum http://investorshangout.com/search?q=MGM&...mp;yt0=Go!
MGM Resorts International MGM Officers and Executives
Name Age Officer Since Title
Mr. James Joseph Murren 51 1998 Chairman, President & Chief Executive Officer
Mr. William Joseph Hornbuckle 55 2009 President & Chief Marketing Officer
Mr. Corey I. Sanders 49 2007 Chief Operating Officer
Mr. Daniel J. D'Arrigo 44 2000 Chief Financial Officer, Treasurer & Executive VP
Mr. George P. Corchis - 2010 President & COO-Regional Operations
MGM Resorts International
3600 Las Vegas Boulevard South
Las Vegas, Nevada 89109
Phone
1 7026937120
Industry
Gambling
Sector
Consumer Services
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$9.16B
Net Income
$-1.77B
2012 Sales Growth
16.7%
Employees
61,000
Annual Report Below for MGM
MGM Resorts International MGM Recent Headlines
MarketWatch News on MGM
A red flag against following billionaires’ trades 10:09 a.m. Nov. 15, 2013 - The Trading Deck
MGM loss narrows on growth in China, Las Vegas 9:33 a.m. Oct. 31, 2013 - MarketWatch.com
Exxon, NY Times, AIG are stocks to watch Thursday 4:01 a.m. Oct. 31, 2013 - Sue Chang
Eldorado Resorts, MTR Gaming agree to merge 10:17 a.m. Sept. 9, 2013 - MarketWatch.com
MGM Resorts trending as bulls hope for upside breakout 9:57 a.m. Aug. 21, 2013 - blogs.marketwatch.com
MGM Resorts loss narrows; casino revenue improves 8:16 a.m. Aug. 6, 2013 - MarketWatch.com
Archer Daniels, CVS are Tuesday’s stocks to watch 8:04 a.m. Aug. 6, 2013 - MarketWatch
MGM second-quarter loss narrows 7:44 a.m. Aug. 6, 2013 - Andria Cheng
4 things traders should know for the next 24 hours: Kors reports, Australian rate cut 5:39 p.m. Aug. 5, 2013 - blogs.marketwatch.com
Legg Mason’s Bill Miller is No. 1 again 2:07 p.m. July 8, 2013 - Suzanne McGee
Wednesday’s movers: Apple closes below $400 3:46 p.m. June 26, 2013 - Sue Chang
Dubai: MGM Resorts stake sale price must be right 7:50 a.m. May 14, 2013 - MarketWatch.com
General Motors, AIG are Thursday’s stocks to watch 10:13 a.m. May 2, 2013 - Saumya Vaishampayan
MGM Resorts swings to surprise profit 8:43 a.m. May 2, 2013 - MarketWatch.com
6 stocks positioning for breakouts 8:53 a.m. March 15, 2013 - The Trading Deck
China stocks lead Asia slump after Fed minutes 3:49 a.m. Feb. 21, 2013 - Sarah Turner
MGM's loss widens on massive charges; revenue flat 9:48 a.m. Feb. 20, 2013 - MarketWatch.com
MGM re-files for casino license in New Jersey 11:53 a.m. Feb. 11, 2013 - MarketWatch.com
Macau's January gambling revenue misses forecasts 1:49 a.m. Feb. 1, 2013 - MarketWatch.com
7 ways HSBC is saying, ‘Risk on!’ to investors 11:21 a.m. Jan. 28, 2013 - Barbara Kollmeyer
It's A Bull Market, Oh My! 5:18 p.m. Nov. 27, 2013 - Seeking Alpha
Las Vegas gross gaming win falls 5% Y/Y in Oct. 2:24 p.m. Nov. 27, 2013 - Seeking Alpha
Why Las Vegas Sands' Sheldon Adelson Is Really Against Online Gambling 9:23 a.m. Nov. 27, 2013 - Seeking Alpha
Wynn, MGM, Other Casino Giants Vying For U.S. Turf 7:02 a.m. Nov. 27, 2013 - Investors Business Daily
5 Social Media Lessons Learned at Vegas Expo 6:00 a.m. Nov. 26, 2013 - TheStreet.com
Spotlight 2014: Online Gambling - Boyd Gaming, MGM Resort, Caesars Acquisition 10:16 a.m. Nov. 24, 2013 - Seeking Alpha
Online gambling in New Jersey in trial run 2:20 p.m. Nov. 22, 2013 - Seeking Alpha
John Paulson's Top Five Holdings 5:21 p.m. Nov. 20, 2013 - GuruFocus.com
Plans for casinos in Japan face political hurdles 1:05 p.m. Nov. 19, 2013 - Seeking Alpha
February 2014 Options Now Available For MGM Resorts International (MGM) 11:56 a.m. Nov. 18, 2013 - TheStreet.com
Las Vegas Sands, Other Macau Casinos, Enjoy Big Gains 11:28 a.m. Nov. 18, 2013 - Investors Business Daily
Sands, Other Vegas Casinos Cashing Out Slots, Poker 2:51 p.m. Nov. 14, 2013 - Investors Business Daily
Wynn Hasn't Received Subpoena Tied to Probe of Macau Donation 3:51 p.m. Nov. 13, 2013 - WSJ.com
Jim Cramer's 6 Stocks in 60 Seconds: ATK GM WWAV MWE REGN LVS 11:21 a.m. Nov. 13, 2013 - TheStreet.com
UPDATE: FBR Capital Markets Initiates Coverage on MGM Resorts International on Multiple Positive Factors Despite Weak 3Q Results 8:15 a.m. Nov. 13, 2013 - benzinga.com
MGM January 2016 Options Begin Trading 11:55 a.m. Nov. 11, 2013 - TheStreet.com
RBC: Let It Ride On Las Vegas Sands, MGM, Wynn Stocks 11:47 a.m. Nov. 11, 2013 - Investors Business Daily
Sands Seen Seeking $1.5 Bil Loan As It Grows In Macau 10:20 a.m. Nov. 11, 2013 - Investors Business Daily
Caesars Wants to Build a NY Casino 3:39 a.m. Nov. 8, 2013 - InvestorPlace.com
IGT Falls Hard On Profit Miss, Weak Earnings Guidance 11:29 a.m. Nov. 7, 2013 - Investors Business Daily
Press Releases on MGM
MGM Resorts Employees Set Record for Largest Food Drive Donation in Nevada: Nearly One Million Pounds of Canned Food Donated to Three Square Food Bank 9:00 a.m. Nov. 26, 2013 - PR Newswire
Medallia Selected As Customer Experience Management Solution Partner by MGM Resorts International 8:32 a.m. Nov. 20, 2013 - PR Newswire
Financial Results, Appointments, Stock Price Update, Project Updates - Research Report on Ctrip, MGM resorts, Melco Crown, Royal Caribbean, and Wyndham 8:00 a.m. Nov. 15, 2013 - PR Newswire
Technical Study: MGM Resorts Intl., Macy's Inc., Ascena Retail Group Inc., and Signet Jewelers Ltd 8:56 a.m. Nov. 8, 2013 - PR Newswire
PLAYSTUDIOS Launches myVEGAS Slots for iOS and Android, Expands Real-World Rewards Program 11:11 a.m. Nov. 6, 2013 - PR Newswire
First Renderings Of New Las Vegas Arena Unveiled By Project Developers AEG And MGM Resorts International 8:30 a.m. Nov. 5, 2013 - PR Newswire
Must Watch Stock News: Arena Pharmaceuticals, Hewlett-Packard Company, Resorts International, Alpha Natural Resources, Chevron Corporation 1:56 p.m. Nov. 4, 2013 - PR Newswire
Critical Alerts For Bank of America, Cliffs Natural Resources, Halliburton, Dollar Tree, and MGM Resorts Released By InvestorsObserver 9:31 a.m. Nov. 4, 2013 - PR Newswire
Resorts and Casinos Industry Announced Financial Results - Research Report on MGM, Wynn Resorts, Royal Caribbean International, Melco Crown Entertainment, and Caesars Entertainment 8:00 a.m. Nov. 4, 2013 - PR Newswire
Insider Trading Tips for Facebook, Intel, Bank of America, Avon, Expedia, and JDS Uniphase 8:55 a.m. Nov. 1, 2013 - PR Newswire
MGM Resorts International Reports Third Quarter Results 8:00 a.m. Oct. 31, 2013 - PR Newswire
Mashantucket Pequot Tribal Nation and MGM Resorts Agree to Discontinue Their Licensing Agreement at Foxwoods Resort Casino 6:00 p.m. Oct. 25, 2013 - BusinessWire
Mashantucket Pequot Tribal Nation And MGM Resorts Agree To Discontinue Their Licensing Agreement At Foxwoods Resort Casino 5:00 p.m. Oct. 25, 2013 - PR Newswire
Financial Results and Release Schedules, Dividends, and Updated Credit Facilities - Research Report on Las Vegas Sands, MG, Carnival Corporation, Royal Caribbean Cruises, and Pinnacle Entertainment 8:00 a.m. Oct. 24, 2013 - PR Newswire
Before the Bell Scans: MGM Resorts Intl., Macy's Inc., Ascena Retail Group Inc., and Signet Jewelers Ltd 10:22 a.m. Oct. 18, 2013 - PR Newswire
Resorts and Hotels Offer Notes and Announce Upcoming Projects - Research Report on Ctrip, MGM, Starwood Hotels & Resorts, Melco Crown Entertainment, and Marriott 8:00 a.m. Oct. 17, 2013 - PR Newswire
Michael Jackson ONE by Cirque du Soleil at Mandalay Bay Resort and Casino Presents Gibbon Slacklines Megastunt Over Las Vegas Strip 12:56 a.m. Oct. 17, 2013 - PR Newswire
MGM Resorts International Employees Pledge $4.7 Million To Help Non-Profit Organizations And Programs Serving Communities 9:00 a.m. Oct. 15, 2013 - PR Newswire
MGM Resorts International Announces Third Quarter 2013 Earnings Release Date 4:05 p.m. Oct. 14, 2013 - PR Newswire
MGM Hospitality Promotes Development Executive 5:34 p.m. Oct. 10, 2013 - PR Newswire
Valuation
P/E Current
-5.30
P/E Ratio (with extraordinary items)
-7.00
Price to Sales Ratio
0.62
Price to Book Ratio
1.30
Price to Cash Flow Ratio
6.25
Enterprise Value to EBITDA
12.00
Enterprise Value to Sales
2.21
Total Debt to Enterprise Value
0.64
Efficiency
Revenue/Employee
0.15
Income Per Employee
-0.03
Receivables Turnover
19.59
Total Asset Turnover
0.34
Liquidity
Current Ratio
1.30
Quick Ratio
1.25
Cash Ratio
0.86
Profitability
Gross Margin
25.24
Operating Margin
9.11
Pretax Margin
-18.93
Net Margin
-19.30
Return on Assets
-6.54
Return on Equity
-33.82
Return on Total Capital
-9.42
Return on Invested Capital
-9.42
Capital Structure
Total Debt to Total Equity
311.30
Total Debt to Total Capital
75.69
Total Debt to Total Assets
51.70
Long-Term Debt to Equity
311.29
Long-Term Debt to Total Capital
75.69
MGM Resorts International MGM Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Sales/Revenue 7.21B 5.98B 6.06B 7.85B 9.16B
Cost of Goods Sold (COGS) incl. D&A 4.81B 4.23B 4.43B 5.84B 6.85B
COGS excluding D&A 4.03B 3.54B 3.79B 5.03B 5.92B
Depreciation & Amortization Expense 778.24M 689.27M 633.42M 817.15M 927.7M
Depreciation - - 632.42M - -
Amortization of Intangibles - - 1M - -
Gross Income 2.4B 1.75B 1.63B 2.01B 2.31B
2008 2009 2010 2011 2012 5-year trend
SG&A Expense 1.42B 1.31B 1.26B 1.36B 1.48B
Research & Development 0 0 0 0 0
Other SG&A 1.42B 1.31B 1.26B 1.36B 1.48B
Other Operating Expense 9.16M 0 0 0 0
Unusual Expense 1.21B 1.5B 1.59B (3.31B) 755.05M
EBIT after Unusual Expense (1.21B) (1.5B) (1.59B) 3.31B (755.05M)
Non Operating Income/Expense 108.67M (52.46M) 307.22M (13.35M) (561.36M)
Non-Operating Interest Income 16.52M 12.3M 0 0 0
Equity in Affiliates (Pretax) 61.71M (135.35M) (187.17M) (27.92M) (136.4M)
Interest Expense 609.29M 775.43M 1.11B 1.09B 1.12B
Gross Interest Expense 795.05M 1.03B 1.11B 1.09B 1.12B
Interest Capitalized 185.76M 253.24M 0 33,000 969,000
Pretax Income (668.99M) (2.01B) (2.22B) 2.83B (1.73B)
Income Tax 186.3M (720.91M) (778.63M) (403.31M) (117.3M)
Income Tax - Current Domestic 201.49M (381.16M) (179.18M) 9.85M 8.91M
Income Tax - Current Foreign 0 69,000 1.36M 3.8M 3.22M
Income Tax - Deferred Domestic (15.19M) (339.82M) (600.8M) (303.33M) (115.35M)
Income Tax - Deferred Foreign 0 0 0 (113.64M) (14.08M)
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 - 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income (855.29M) (1.29B) (1.44B) 3.23B (1.62B)
Minority Interest Expense 0 0 0 120.31M 150.78M
Net Income (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 - 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
EPS (Basic) (3.06) (3.41) (3.19) 6.37 (3.62)
Basic Shares Outstanding 279.82M 378.51M 450.45M 488.65M 488.99M
EPS (Diluted) (3.06) (3.41) (3.19) 5.62 (3.62)
Diluted Shares Outstanding 279.82M 378.51M 450.45M 560.9M 488.99M
EBITDA 1.75B 1.13B 1B 1.47B 1.76B
MGM Resorts International MGM Filings
SEC Filings for MGM Resorts International
Filing Date Document Date Type Category Amended
11/07/2013 09/30/2013 10-Q Quarterly Reports
10/31/2013 10/31/2013 8-K Special Events
09/18/2013 N/A SC 13D/A N/A *
08/23/2013 08/20/2013 8-K Special Events
08/13/2013 08/10/2013 8-K Special Events
08/08/2013 06/30/2013 10-Q Quarterly Reports
08/06/2013 08/06/2013 8-K Special Events
07/18/2013 07/12/2013 8-K Special Events
06/14/2013 06/12/2013 8-K Special Events
05/16/2013 05/14/2013 8-K Special Events
05/10/2013 N/A SC 13G/A Institutional Ownership *
05/08/2013 03/31/2013 10-Q Quarterly Reports
05/02/2013 05/02/2013 8-K Special Events
04/30/2013 06/12/2013 DEF 14A Proxy Statement
04/10/2013 04/09/2013 8-K Special Events
03/14/2013 N/A SC 13D/A N/A *
03/01/2013 12/31/2012 10-K Annual Reports
02/20/2013 02/13/2013 8-K Special Events
02/20/2013 02/20/2013 8-K Special Events
02/14/2013 N/A SC 13G/A Institutional Ownership *
SEC Filings provided by EDGAR Online, Inc.
MGM MGM Resorts International Research Links
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MGM Resorts International operates as holding company, which is engages in gaming, hospitality and entertainment businesses. The company operates through two geographical segments: Wholly Owned Domestic Resorts and MGM China. The Wholly Owned Domestic Resort segment operates 15 wholly owned resorts in the United States. MGM China's segment consists of the MGM Macau resort and casino. It portfolio includes Bellagio, MGM Grand, Mandalay Bay and The Mirage. The company also engages in other business activities such as MGM hospitality operations and certain other corporate and management operations. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The gaming operations at MGM Macau are conducted under a gaming sub concession held by MGM Grand Paradise. The company was founded by Kirk Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
MGM Last Price: 19.18
Last Updated: November 28, 2013 7:57 PM EST
MGM Stock Message Board and Forum http://investorshangout.com/search?q=MGM&...mp;yt0=Go!
MGM Resorts International MGM Officers and Executives
Name Age Officer Since Title
Mr. James Joseph Murren 51 1998 Chairman, President & Chief Executive Officer
Mr. William Joseph Hornbuckle 55 2009 President & Chief Marketing Officer
Mr. Corey I. Sanders 49 2007 Chief Operating Officer
Mr. Daniel J. D'Arrigo 44 2000 Chief Financial Officer, Treasurer & Executive VP
Mr. George P. Corchis - 2010 President & COO-Regional Operations
MGM Resorts International
3600 Las Vegas Boulevard South
Las Vegas, Nevada 89109
Phone
1 7026937120
Industry
Gambling
Sector
Consumer Services
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$9.16B
Net Income
$-1.77B
2012 Sales Growth
16.7%
Employees
61,000
Annual Report Below for MGM
MGM Resorts International MGM Recent Headlines
MarketWatch News on MGM
A red flag against following billionaires’ trades 10:09 a.m. Nov. 15, 2013 - The Trading Deck
MGM loss narrows on growth in China, Las Vegas 9:33 a.m. Oct. 31, 2013 - MarketWatch.com
Exxon, NY Times, AIG are stocks to watch Thursday 4:01 a.m. Oct. 31, 2013 - Sue Chang
Eldorado Resorts, MTR Gaming agree to merge 10:17 a.m. Sept. 9, 2013 - MarketWatch.com
MGM Resorts trending as bulls hope for upside breakout 9:57 a.m. Aug. 21, 2013 - blogs.marketwatch.com
MGM Resorts loss narrows; casino revenue improves 8:16 a.m. Aug. 6, 2013 - MarketWatch.com
Archer Daniels, CVS are Tuesday’s stocks to watch 8:04 a.m. Aug. 6, 2013 - MarketWatch
MGM second-quarter loss narrows 7:44 a.m. Aug. 6, 2013 - Andria Cheng
4 things traders should know for the next 24 hours: Kors reports, Australian rate cut 5:39 p.m. Aug. 5, 2013 - blogs.marketwatch.com
Legg Mason’s Bill Miller is No. 1 again 2:07 p.m. July 8, 2013 - Suzanne McGee
Wednesday’s movers: Apple closes below $400 3:46 p.m. June 26, 2013 - Sue Chang
Dubai: MGM Resorts stake sale price must be right 7:50 a.m. May 14, 2013 - MarketWatch.com
General Motors, AIG are Thursday’s stocks to watch 10:13 a.m. May 2, 2013 - Saumya Vaishampayan
MGM Resorts swings to surprise profit 8:43 a.m. May 2, 2013 - MarketWatch.com
6 stocks positioning for breakouts 8:53 a.m. March 15, 2013 - The Trading Deck
China stocks lead Asia slump after Fed minutes 3:49 a.m. Feb. 21, 2013 - Sarah Turner
MGM's loss widens on massive charges; revenue flat 9:48 a.m. Feb. 20, 2013 - MarketWatch.com
MGM re-files for casino license in New Jersey 11:53 a.m. Feb. 11, 2013 - MarketWatch.com
Macau's January gambling revenue misses forecasts 1:49 a.m. Feb. 1, 2013 - MarketWatch.com
7 ways HSBC is saying, ‘Risk on!’ to investors 11:21 a.m. Jan. 28, 2013 - Barbara Kollmeyer
It's A Bull Market, Oh My! 5:18 p.m. Nov. 27, 2013 - Seeking Alpha
Las Vegas gross gaming win falls 5% Y/Y in Oct. 2:24 p.m. Nov. 27, 2013 - Seeking Alpha
Why Las Vegas Sands' Sheldon Adelson Is Really Against Online Gambling 9:23 a.m. Nov. 27, 2013 - Seeking Alpha
Wynn, MGM, Other Casino Giants Vying For U.S. Turf 7:02 a.m. Nov. 27, 2013 - Investors Business Daily
5 Social Media Lessons Learned at Vegas Expo 6:00 a.m. Nov. 26, 2013 - TheStreet.com
Spotlight 2014: Online Gambling - Boyd Gaming, MGM Resort, Caesars Acquisition 10:16 a.m. Nov. 24, 2013 - Seeking Alpha
Online gambling in New Jersey in trial run 2:20 p.m. Nov. 22, 2013 - Seeking Alpha
John Paulson's Top Five Holdings 5:21 p.m. Nov. 20, 2013 - GuruFocus.com
Plans for casinos in Japan face political hurdles 1:05 p.m. Nov. 19, 2013 - Seeking Alpha
February 2014 Options Now Available For MGM Resorts International (MGM) 11:56 a.m. Nov. 18, 2013 - TheStreet.com
Las Vegas Sands, Other Macau Casinos, Enjoy Big Gains 11:28 a.m. Nov. 18, 2013 - Investors Business Daily
Sands, Other Vegas Casinos Cashing Out Slots, Poker 2:51 p.m. Nov. 14, 2013 - Investors Business Daily
Wynn Hasn't Received Subpoena Tied to Probe of Macau Donation 3:51 p.m. Nov. 13, 2013 - WSJ.com
Jim Cramer's 6 Stocks in 60 Seconds: ATK GM WWAV MWE REGN LVS 11:21 a.m. Nov. 13, 2013 - TheStreet.com
UPDATE: FBR Capital Markets Initiates Coverage on MGM Resorts International on Multiple Positive Factors Despite Weak 3Q Results 8:15 a.m. Nov. 13, 2013 - benzinga.com
MGM January 2016 Options Begin Trading 11:55 a.m. Nov. 11, 2013 - TheStreet.com
RBC: Let It Ride On Las Vegas Sands, MGM, Wynn Stocks 11:47 a.m. Nov. 11, 2013 - Investors Business Daily
Sands Seen Seeking $1.5 Bil Loan As It Grows In Macau 10:20 a.m. Nov. 11, 2013 - Investors Business Daily
Caesars Wants to Build a NY Casino 3:39 a.m. Nov. 8, 2013 - InvestorPlace.com
IGT Falls Hard On Profit Miss, Weak Earnings Guidance 11:29 a.m. Nov. 7, 2013 - Investors Business Daily
Press Releases on MGM
MGM Resorts Employees Set Record for Largest Food Drive Donation in Nevada: Nearly One Million Pounds of Canned Food Donated to Three Square Food Bank 9:00 a.m. Nov. 26, 2013 - PR Newswire
Medallia Selected As Customer Experience Management Solution Partner by MGM Resorts International 8:32 a.m. Nov. 20, 2013 - PR Newswire
Financial Results, Appointments, Stock Price Update, Project Updates - Research Report on Ctrip, MGM resorts, Melco Crown, Royal Caribbean, and Wyndham 8:00 a.m. Nov. 15, 2013 - PR Newswire
Technical Study: MGM Resorts Intl., Macy's Inc., Ascena Retail Group Inc., and Signet Jewelers Ltd 8:56 a.m. Nov. 8, 2013 - PR Newswire
PLAYSTUDIOS Launches myVEGAS Slots for iOS and Android, Expands Real-World Rewards Program 11:11 a.m. Nov. 6, 2013 - PR Newswire
First Renderings Of New Las Vegas Arena Unveiled By Project Developers AEG And MGM Resorts International 8:30 a.m. Nov. 5, 2013 - PR Newswire
Must Watch Stock News: Arena Pharmaceuticals, Hewlett-Packard Company, Resorts International, Alpha Natural Resources, Chevron Corporation 1:56 p.m. Nov. 4, 2013 - PR Newswire
Critical Alerts For Bank of America, Cliffs Natural Resources, Halliburton, Dollar Tree, and MGM Resorts Released By InvestorsObserver 9:31 a.m. Nov. 4, 2013 - PR Newswire
Resorts and Casinos Industry Announced Financial Results - Research Report on MGM, Wynn Resorts, Royal Caribbean International, Melco Crown Entertainment, and Caesars Entertainment 8:00 a.m. Nov. 4, 2013 - PR Newswire
Insider Trading Tips for Facebook, Intel, Bank of America, Avon, Expedia, and JDS Uniphase 8:55 a.m. Nov. 1, 2013 - PR Newswire
MGM Resorts International Reports Third Quarter Results 8:00 a.m. Oct. 31, 2013 - PR Newswire
Mashantucket Pequot Tribal Nation and MGM Resorts Agree to Discontinue Their Licensing Agreement at Foxwoods Resort Casino 6:00 p.m. Oct. 25, 2013 - BusinessWire
Mashantucket Pequot Tribal Nation And MGM Resorts Agree To Discontinue Their Licensing Agreement At Foxwoods Resort Casino 5:00 p.m. Oct. 25, 2013 - PR Newswire
Financial Results and Release Schedules, Dividends, and Updated Credit Facilities - Research Report on Las Vegas Sands, MG, Carnival Corporation, Royal Caribbean Cruises, and Pinnacle Entertainment 8:00 a.m. Oct. 24, 2013 - PR Newswire
Before the Bell Scans: MGM Resorts Intl., Macy's Inc., Ascena Retail Group Inc., and Signet Jewelers Ltd 10:22 a.m. Oct. 18, 2013 - PR Newswire
Resorts and Hotels Offer Notes and Announce Upcoming Projects - Research Report on Ctrip, MGM, Starwood Hotels & Resorts, Melco Crown Entertainment, and Marriott 8:00 a.m. Oct. 17, 2013 - PR Newswire
Michael Jackson ONE by Cirque du Soleil at Mandalay Bay Resort and Casino Presents Gibbon Slacklines Megastunt Over Las Vegas Strip 12:56 a.m. Oct. 17, 2013 - PR Newswire
MGM Resorts International Employees Pledge $4.7 Million To Help Non-Profit Organizations And Programs Serving Communities 9:00 a.m. Oct. 15, 2013 - PR Newswire
MGM Resorts International Announces Third Quarter 2013 Earnings Release Date 4:05 p.m. Oct. 14, 2013 - PR Newswire
MGM Hospitality Promotes Development Executive 5:34 p.m. Oct. 10, 2013 - PR Newswire
Valuation
P/E Current
-5.30
P/E Ratio (with extraordinary items)
-7.00
Price to Sales Ratio
0.62
Price to Book Ratio
1.30
Price to Cash Flow Ratio
6.25
Enterprise Value to EBITDA
12.00
Enterprise Value to Sales
2.21
Total Debt to Enterprise Value
0.64
Efficiency
Revenue/Employee
0.15
Income Per Employee
-0.03
Receivables Turnover
19.59
Total Asset Turnover
0.34
Liquidity
Current Ratio
1.30
Quick Ratio
1.25
Cash Ratio
0.86
Profitability
Gross Margin
25.24
Operating Margin
9.11
Pretax Margin
-18.93
Net Margin
-19.30
Return on Assets
-6.54
Return on Equity
-33.82
Return on Total Capital
-9.42
Return on Invested Capital
-9.42
Capital Structure
Total Debt to Total Equity
311.30
Total Debt to Total Capital
75.69
Total Debt to Total Assets
51.70
Long-Term Debt to Equity
311.29
Long-Term Debt to Total Capital
75.69
MGM Resorts International MGM Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Sales/Revenue 7.21B 5.98B 6.06B 7.85B 9.16B
Cost of Goods Sold (COGS) incl. D&A 4.81B 4.23B 4.43B 5.84B 6.85B
COGS excluding D&A 4.03B 3.54B 3.79B 5.03B 5.92B
Depreciation & Amortization Expense 778.24M 689.27M 633.42M 817.15M 927.7M
Depreciation - - 632.42M - -
Amortization of Intangibles - - 1M - -
Gross Income 2.4B 1.75B 1.63B 2.01B 2.31B
2008 2009 2010 2011 2012 5-year trend
SG&A Expense 1.42B 1.31B 1.26B 1.36B 1.48B
Research & Development 0 0 0 0 0
Other SG&A 1.42B 1.31B 1.26B 1.36B 1.48B
Other Operating Expense 9.16M 0 0 0 0
Unusual Expense 1.21B 1.5B 1.59B (3.31B) 755.05M
EBIT after Unusual Expense (1.21B) (1.5B) (1.59B) 3.31B (755.05M)
Non Operating Income/Expense 108.67M (52.46M) 307.22M (13.35M) (561.36M)
Non-Operating Interest Income 16.52M 12.3M 0 0 0
Equity in Affiliates (Pretax) 61.71M (135.35M) (187.17M) (27.92M) (136.4M)
Interest Expense 609.29M 775.43M 1.11B 1.09B 1.12B
Gross Interest Expense 795.05M 1.03B 1.11B 1.09B 1.12B
Interest Capitalized 185.76M 253.24M 0 33,000 969,000
Pretax Income (668.99M) (2.01B) (2.22B) 2.83B (1.73B)
Income Tax 186.3M (720.91M) (778.63M) (403.31M) (117.3M)
Income Tax - Current Domestic 201.49M (381.16M) (179.18M) 9.85M 8.91M
Income Tax - Current Foreign 0 69,000 1.36M 3.8M 3.22M
Income Tax - Deferred Domestic (15.19M) (339.82M) (600.8M) (303.33M) (115.35M)
Income Tax - Deferred Foreign 0 0 0 (113.64M) (14.08M)
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 - 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income (855.29M) (1.29B) (1.44B) 3.23B (1.62B)
Minority Interest Expense 0 0 0 120.31M 150.78M
Net Income (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 - 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common (855.29M) (1.29B) (1.44B) 3.11B (1.77B)
EPS (Basic) (3.06) (3.41) (3.19) 6.37 (3.62)
Basic Shares Outstanding 279.82M 378.51M 450.45M 488.65M 488.99M
EPS (Diluted) (3.06) (3.41) (3.19) 5.62 (3.62)
Diluted Shares Outstanding 279.82M 378.51M 450.45M 560.9M 488.99M
EBITDA 1.75B 1.13B 1B 1.47B 1.76B
MGM Resorts International MGM Filings
SEC Filings for MGM Resorts International
Filing Date Document Date Type Category Amended
11/07/2013 09/30/2013 10-Q Quarterly Reports
10/31/2013 10/31/2013 8-K Special Events
09/18/2013 N/A SC 13D/A N/A *
08/23/2013 08/20/2013 8-K Special Events
08/13/2013 08/10/2013 8-K Special Events
08/08/2013 06/30/2013 10-Q Quarterly Reports
08/06/2013 08/06/2013 8-K Special Events
07/18/2013 07/12/2013 8-K Special Events
06/14/2013 06/12/2013 8-K Special Events
05/16/2013 05/14/2013 8-K Special Events
05/10/2013 N/A SC 13G/A Institutional Ownership *
05/08/2013 03/31/2013 10-Q Quarterly Reports
05/02/2013 05/02/2013 8-K Special Events
04/30/2013 06/12/2013 DEF 14A Proxy Statement
04/10/2013 04/09/2013 8-K Special Events
03/14/2013 N/A SC 13D/A N/A *
03/01/2013 12/31/2012 10-K Annual Reports
02/20/2013 02/13/2013 8-K Special Events
02/20/2013 02/20/2013 8-K Special Events
02/14/2013 N/A SC 13G/A Institutional Ownership *
SEC Filings provided by EDGAR Online, Inc.
MGM MGM Resorts International Research Links
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