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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Casino $ 1,543,693 $ 1,307,827 $ 4,454,145 $ 3,569,587
Rooms 564,476 530,331 1,669,213 1,518,721
Food and beverage 481,656 448,666 1,392,671 1,238,537
Entertainment 149,536 140,151 418,244 380,330
Retail 59,141 52,724 163,947 150,629
Other 162,318 148,470 464,260 400,115
Reimbursed costs 102,380 99,316 301,888 301,160
Total revenues, gross 3,063,200 2,727,485 8,864,368 7,559,079
Less: Promotional allowances (236,460) (212,370) (687,712) (564,776)
Total revenues, net 2,826,740 2,515,115 8,176,656 6,994,303
Expenses        
Casino 822,103 696,329 2,389,957 1,957,203
Rooms 157,293 148,317 464,864 435,311
Food and beverage 269,170 252,108 780,510 712,856
Entertainment 118,234 108,464 326,791 299,579
Retail 28,129 27,105 78,515 73,191
Other 95,971 93,880 281,859 260,901
Reimbursed costs 102,380 99,316 301,888 301,160
General and administrative 402,134 371,950 1,145,432 1,001,900
Corporate expense 88,506 87,782 241,087 240,833
NV Energy exit expense 0 139,335 (40,629) 139,335
Preopening and start-up expenses 29,349 31,660 65,508 78,444
Property transactions, net 7,711 (1,268) 22,650 4,717
Gain on Borgata transaction 0 (429,778) 0 (429,778)
Depreciation and amortization 249,600 209,737 744,123 616,475
Total expenses 2,370,580 1,834,937 6,802,555 5,692,127
Income from unconsolidated affiliates 37,701 32,577 117,987 495,588
Operating income 493,861 712,755 1,492,088 1,797,764
Non-operating income (expense)        
Interest expense, net of amounts capitalized (163,287) (168,048) (511,404) (533,069)
Non-operating items from unconsolidated affiliates (8,825) (11,132) (26,302) (45,229)
Other, net (30,138) (17,310) (31,706) (67,715)
Total non-operating income (expense) (202,250) (196,490) (569,412) (646,013)
Income before income taxes 291,611 516,265 922,676 1,151,751
Benefit (provision) for income taxes (115,115) 44,995 (251,551) 15,205
Net income 176,496 561,260 671,125 1,166,956
Less: Net income attributable to noncontrolling interests (27,381) (25,641) (104,552) (90,185)
Net income attributable to MGM Resorts International $ 149,115 $ 535,619 $ 566,573 $ 1,076,771
Net income per share of common stock attributable to MGM Resorts International        
Basic $ 0.26 $ 0.94 $ 0.99 $ 1.90
Diluted $ 0.26 $ 0.93 $ 0.97 $ 1.88
Weighted average common shares outstanding        
Basic 573,527 568,125 574,262 566,220
Diluted 580,676 573,812 580,941 571,350
Dividends declared per common share $ 0.11 $ 0 $ 0.33 $ 0