MGM Resorts International
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
MGM$33.06+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders’ Equity
For the Years ended December 31, 2023, 2022 and 2021
| Common Stock · Capital in Excess of Par Value · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Total MGM Resorts International Stockholders' Equity · Noncontrolling Interests · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Par Value | ||||||||
| Balances, January 1, 2021 | 494,318 | $4,943 | $3,439,453 | $3,091,007 | $(30,677) | $6,504,726 | $4,675,182 | $11,179,908 |
| Net income (loss) | — | — | — | 1,254,370 | — | 1,254,370 | (55,793) | 1,198,577 |
| Currency translation adjustment | — | — | — | — | (13,871) | (13,871) | (10,784) | (24,655) |
| Cash flow hedges | — | — | — | — | 13,723 | 13,723 | 21,065 | 34,788 |
| Stock-based compensation | — | — | 59,492 | — | — | 59,492 | 5,691 | 65,183 |
| Issuance of common stock pursuant to stock-based compensation awards | 2,574 | 25 | (44,543) | — | — | (44,518) | — | (44,518) |
| Cash distributions to noncontrolling interest owners | — | — | — | — | — | — | (250,910) | (250,910) |
| Dividends declared and paid to common shareholders ($0.01 per share) | — | — | — | (4,789) | — | (4,789) | — | (4,789) |
| MGP dividend payable to Class A shareholders | — | — | — | — | — | — | (82,294) | (82,294) |
| Repurchases of common stock | (43,088) | (430) | (1,753,079) | — | — | (1,753,509) | — | (1,753,509) |
| Adjustment of redeemable noncontrolling interest to redemption value | — | — | (78,298) | — | — | (78,298) | — | (78,298) |
| MGP Class A share issuance | — | — | 99,934 | — | 3,240 | 103,174 | 656,361 | 759,535 |
| Redemption of MGP OP units | — | — | 171,332 | — | 5,327 | 176,659 | (227,487) | (50,828) |
| MGM Springfield transaction | — | — | (133,844) | — | — | (133,844) | 172,749 | 38,905 |
| Other | — | — | (10,312) | — | (2,358) | (12,670) | 2,341 | (10,329) |
| Balances, December 31, 2021 | 453,804 | 4,538 | 1,750,135 | 4,340,588 | (24,616) | 6,070,645 | 4,906,121 | 10,976,766 |
| Net income (loss) | — | — | — | 1,473,093 | — | 1,473,093 | (1,275,865) | 197,228 |
| Currency translation adjustment | — | — | — | — | 34,268 | 34,268 | (6,932) | 27,336 |
| Cash flow hedges | — | — | — | — | 13,483 | 13,483 | 24,209 | 37,692 |
| Stock-based compensation | — | — | 65,700 | — | — | 65,700 | 5,596 | 71,296 |
| Issuance of common stock pursuant to stock-based compensation awards | 1,688 | 17 | (27,042) | — | — | (27,025) | — | (27,025) |
| Cash distributions to noncontrolling interest owners | — | — | — | — | — | — | (95,622) | (95,622) |
| Dividends declared and paid to common shareholders ($0.01 per share) | — | — | — | (4,048) | — | (4,048) | — | (4,048) |
| Issuance of restricted stock units | — | — | 1,941 | — | — | 1,941 | 186 | 2,127 |
| Repurchases of common stock | (76,404) | (764) | (1,759,059) | (1,015,394) | — | (2,775,217) | — | (2,775,217) |
| Adjustment of redeemable noncontrolling interest to redemption value | — | — | (31,888) | — | — | (31,888) | — | (31,888) |
| Deconsolidation of MGP | — | — | — | — | 11,084 | 11,084 | (3,184,710) | (3,173,626) |
| Other | — | — | 213 | — | (720) | (507) | 5,611 | 5,104 |
| Balances, December 31, 2022 | 379,088 | 3,791 | — | 4,794,239 | 33,499 | 4,831,529 | 378,594 | 5,210,123 |
| Net income | — | — | — | 1,142,180 | — | 1,142,180 | 172,131 | 1,314,311 |
| Currency translation adjustment | — | — | — | — | 109,461 | 109,461 | (183) | 109,278 |
| Stock-based compensation | — | — | 70,775 | — | — | 70,775 | 2,676 | 73,451 |
| Issuance of common stock pursuant to stock-based compensation awards | 1,787 | 18 | (22,529) | (9,318) | — | (31,829) | — | (31,829) |
| Distributions to noncontrolling interest owners | — | — | — | — | — | — | (29,566) | (29,566) |
| Issuance of restricted stock units | — | — | 1,701 | — | — | 1,701 | — | 1,701 |
| Repurchases of common stock | (54,325) | (543) | (50,332) | (2,263,093) | — | (2,313,968) | — | (2,313,968) |
| Adjustment of redeemable noncontrolling interest to redemption value | — | — | 2,129 | — | — | 2,129 | — | 2,129 |
| Other | — | — | (1,744) | — | 936 | (808) | (677) | (1,485) |
| Balances, December 31, 2023 | 326,550 | $3,266 | $— | $3,664,008 | $143,896 | $3,811,170 | $522,975 | $4,334,145 |
The accompanying notes are an integral part of these consolidated financial statements
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