MGM Resorts International (MGM) quarterly cash flow statement — complete operating, investing & financing history
MGM Resorts International (MGM) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 558.82M | 567.79M | 832.35M | 681.43M | 645.87M | 547.08M | 671.55M | 667.43M | 474.24M | 549.27M | 715.94M | 694.08M | 576.71M | 704.6M | 423.69M | 400.56M | 512.68M | 420.48M | 487.17M | 518.29M |
| Operating CF Margin % | 12.55% | 12.75% | 18.07% | 16.03% | 14.66% | 12.79% | 15.45% | 15.96% | 10.96% | 12.53% | 16.24% | 17.52% | 14.63% | 18.19% | 11.79% | 11.73% | 15.75% | 14.73% | 15.94% | 19.76% |
| Operating CF Growth % | -13.48% | 3.79% | 23.94% | 2.1% | 36.19% | -0.4% | -6.2% | -3.84% | -17.77% | -22.05% | 68.98% | 73.28% | 12.49% | 67.57% | -13.03% | -22.71% | 12.23% | 579.95% | 300.12% | 415.83% |
| Net Income | 322.79M | 174.79M | 382.78M | -206.73M | 118.09M | 226.73M | 237.92M | 244.16M | 282.8M | 299.73M | 313.46M | 211.88M | 243.54M | 468.1M | 265.47M | -1.06B | 1.77B | -34.79M | 106.73M | 1.34B |
| Depreciation & Amortization | 282.31M | 263.73M | 278.66M | 260.72M | 241.97M | 236.44M | 209.23M | 233.33M | 191.98M | 196.56M | 205.3M | 201.83M | 203.5M | 335.72M | 1.56B | 1.41B | 474.16M | 288.64M | 354.36M | 279.4M |
| Stock-Based Compensation | 15.67M | 35.14M | 31.09M | 14.28M | 16.46M | 28.65M | 28.5M | 12.39M | 12.54M | 26.78M | 27.36M | 11.13M | 11.23M | 0 | 0 | 7.42M | 0 | 23.34M | 0 | 11.28M |
| Deferred Taxes | -33.05M | -11.94M | -242.71M | 25.15M | -18.22M | -9.78M | -16.17M | -9.2M | -51.54M | -8.2M | -129.11M | -23.99M | -2.28M | 38.1M | 124.35M | -170.8M | 541.57M | 1.07M | 88.48M | 222.28M |
| Other Non-Cash Items | 95.46M | 113.39M | 401.93M | 507.67M | 342.74M | 215.83M | 194.96M | 123.99M | 297.85M | 216.44M | 262.47M | 219.89M | 182.64M | -265.25M | -1.59B | 186.8M | -2.33B | 193.51M | 52.87M | -1.48B |
| Working Capital Changes | -124.36M | -7.32M | -19.39M | 80.36M | -55.17M | -150.8M | 17.12M | 62.75M | -259.39M | -182.04M | 36.46M | 73.35M | -61.94M | 127.92M | 72.08M | 32.72M | 53.57M | -51.29M | -115.28M | 148.06M |
| Change in Receivables | -111.69M | -23.07M | -217.67M | 102.82M | -67.05M | 91.78M | -117.42M | 33.82M | -108.67M | 34.61M | -137.58M | -106.44M | 36.05M | 75.69M | -145.13M | -18.38M | -37.79M | -10.38M | -68.56M | -29.47M |
| Change in Inventory | -198K | 1.14M | 2.27M | -147K | 8.05M | 5.51M | 4.3M | 3.15M | -451K | -5.73M | -5.76M | -4.96M | -2.12M | -2.69M | -14.24M | 1.03M | -7.64M | -5.78M | -2.2M | -3.96M |
| Change in Payables | -19.98M | -98.01M | 122.48M | 0 | 32.1M | 0 | 0 | 0 | 0 | 0 | 183.62M | 218.17M | 87.15M | -78.81M | 91.64M | 0 | 46.59M | 0 | 60.5M | 0 |
| Cash from Investing | 263.69M | -372.79M | -337.1M | -334.88M | -378.29M | -227.04M | -403.93M | -493.83M | -277M | -108.41M | -293.62M | -361.54M | -271.19M | 211.63M | 535.05M | -644.04M | 2.46B | -237.38M | -133.82M | 1.95B |
| Capital Expenditures | -241.38M | -154.66M | -296.45M | -275.99M | -268.44M | -228.04M | -404.02M | -336.25M | -238.24M | -172.08M | -328.76M | -209.76M | -253.48M | -139.82M | -308.5M | -219.73M | -135.26M | -101.58M | -168.56M | -138.75M |
| CapEx % of Revenue | 5.42% | 3.47% | 6.44% | 6.49% | 6.09% | 5.33% | 9.3% | 8.04% | 5.51% | 3.93% | 7.46% | 5.29% | 6.43% | 3.61% | 8.59% | 6.43% | 4.16% | 3.56% | 5.51% | 5.29% |
| Acquisitions | 0 | 0 | -29.42M | -122.86M | -85.49M | 0 | 0 | -254.27M | -31.17M | -10.52M | -16.59M | -192.72M | -38.06M | 458.01M | 1.16B | -350.94M | -1.59B | -129.18M | 96.41M | -1.84B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 49.16M | -304.94M | -11.22M | 63.97M | -24.36M | 582K | 92K | 96.69M | 1.74M | 1.14M | 338.13M | -208.47M | -240M | -70.83M | -285M | 9.71M | 4.23B | 3.39M | 45.77M | 3.9B |
| Cash from Financing | -590.71M | 39.92M | -539.53M | -172.5M | -589.69M | -470.22M | -790.48M | 349.65M | -494.48M | -628.97M | -827.53M | -847.56M | -949.4M | -2.38B | -243.74M | -241.13M | -373.84M | -2.17B | -720.67M | -2.52B |
| Debt Issued (Net) | -319.18M | 178.39M | 30M | -49.84M | -210.99M | 50.37M | -551.52M | 623.19M | 34.45M | -76.7M | -166.28M | -208.19M | -171.99M | -1.84B | 140.89M | 99.39M | 855.8M | -1.02B | 138.9M | -1.69B |
| Equity Issued (Net) | -173.6M | -88.9M | -511.1M | -12K | -227.88M | -489.28M | -119.83M | -322.73M | -408.77M | -506.57M | -623.03M | -565.67M | -618.82M | -484.4M | -352.21M | -306.95M | -1.11B | -1B | -727.32M | -686.25M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -957K | -980K | -1.02M | -1.09M | -1.15M | -1.18M |
| Share Repurchases | -173.6M | -88.9M | -511.1M | -12K | -227.88M | -489.28M | -119.83M | -322.73M | -408.77M | -506.57M | -623.03M | -565.67M | -618.82M | -484.4M | -352.21M | -306.95M | -1.11B | -1B | -727.32M | -686.53M |
| Other Financing | -97.93M | -49.57M | -58.44M | -122.64M | -150.81M | -31.31M | -119.13M | 49.19M | -120.17M | -45.7M | -38.23M | -73.7M | -158.6M | -59.28M | -31.46M | -32.59M | -114.54M | -144.39M | -131.1M | -145.09M |
| Net Change in Cash | 254.51M | 229.21M | -70.56M | 176.28M | -313.33M | -145.09M | -535M | 536.79M | -307.91M | -205.71M | -388.53M | -526.94M | -661.8M | -1.41B | 616.46M | -488.74M | 2.56B | -1.98B | -367.77M | -55.4M |
| Free Cash Flow | 317.44M | 413.13M | 535.89M | 405.44M | 377.43M | 319.04M | 267.54M | 331.18M | 236M | 377.19M | 387.18M | 484.32M | 323.23M | 564.78M | 115.19M | 180.84M | 377.42M | 318.9M | 318.61M | 379.54M |
| FCF Margin % | 7.13% | 9.27% | 11.64% | 9.54% | 8.57% | 7.46% | 6.16% | 7.92% | 5.45% | 8.6% | 8.78% | 12.23% | 8.2% | 14.58% | 3.21% | 5.29% | 11.6% | 11.17% | 10.42% | 14.47% |
| FCF Growth % | -15.89% | 29.49% | 100.31% | 22.42% | 59.93% | -15.42% | -30.9% | -31.62% | -26.99% | -33.21% | 236.13% | 167.83% | -14.36% | 77.1% | -63.85% | -52.35% | 7.11% | 291.5% | 194.7% | 288.39% |
| FCF per Share | 1.23 | 1.60 | 2.02 | 1.49 | 1.37 | 1.10 | 0.89 | 1.09 | 0.75 | 1.17 | 1.14 | 1.38 | 0.88 | 1.49 | 0.30 | 0.46 | 0.90 | 0.72 | 0.68 | 0.78 |
| FCF Conversion (FCF/Net Income) | 1.91x | 4.54x | 2.83x | -2.39x | 13.19x | 3.68x | 4.27x | 3.62x | 2.54x | 2.53x | 2.28x | 4.31x | 2.87x | 1.51x | 1.49x | -0.69x | 0.29x | -23.34x | 3.72x | 0.38x |
| Interest Paid | 119.05M | 70.74M | 119.64M | 72.05M | 127.42M | 70.02M | 144.24M | 50.29M | 163.37M | 48.36M | 150.99M | 50.7M | 158.23M | 0 | 0 | 82.08M | 0 | 183.51M | 0 | 160.5M |
| Taxes Paid | -155.9M | -86.84M | 0 | 0 | 63.09M | 156K | 41.72M | 59.34M | 163.61M | 2.33M | 57.84M | 69.69M | 216.5M | 0 | 0 | -19.85M | 0 | 0 | 0 | 32.94M |