MGM Resorts International
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $536,788 | $138,096 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 822,439 | 739,136 |
| Amortization of debt discounts and issuance costs | 18,896 | 20,250 |
| Provision for credit losses | 73,622 | 39,364 |
| Stock-based compensation | 65,829 | 59,384 |
| Foreign currency transaction (gain) loss | (67,460) | 285,452 |
| Property transactions, net | (264,897) | 117,368 |
| Goodwill impairment | 111,019 | 256,133 |
| Noncash lease expense | 326,594 | 382,965 |
| Other investment losses (gains) | 63,806 | (35,275) |
| Income from unconsolidated affiliates | (65,466) | (40,755) |
| Distributions from unconsolidated affiliates | 10,305 | 8,245 |
| Deferred income taxes | (64,388) | (2,850) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (20,716) | 127,552 |
| Inventories | 787 | 13,410 |
| Income taxes receivable and payable, net | 172,560 | 87,491 |
| Prepaid expenses and other | (70,803) | (82,177) |
| Accounts payable and accrued liabilities | (36,130) | (204,858) |
| Other | 46,281 | (34,548) |
| Net cash provided by operating activities | 1,659,066 | 1,874,383 |
| Cash flows from investing activities | ||
| Capital expenditures | (617,706) | (772,472) |
| Dispositions of property and equipment | 6,630 | 613 |
| Investments in unconsolidated affiliates | (154,917) | (208,343) |
| Proceeds from sale of operating resorts | 513,462 | — |
| Distributions from unconsolidated affiliates | 30,118 | 70,756 |
| Investments and other | (98,137) | (30,763) |
| Net cash used in investing activities | (320,550) | (940,209) |
| Cash flows from financing activities | ||
| Net borrowings (repayments) of debt - maturities of 90 days or less | (153,555) | 289,543 |
| Issuance of long-term debt | 750,000 | — |
| Repayment of long-term debt | (1,150,000) | (500,000) |
| Debt issuance costs | (9,620) | (40,839) |
| Distributions to noncontrolling interest owners | (138,866) | (158,747) |
| Repurchases of common stock | (262,499) | (717,175) |
| Other | (64,655) | (105,182) |
| Net cash used in financing activities | (1,029,195) | (1,232,400) |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | (8,864) | 16,088 |
| Change in cash and cash equivalents classified as assets held for sale | 31,802 | — |
| Cash, cash equivalents, and restricted cash | ||
| Net change for the period | 332,259 | (282,138) |
| Balance, beginning of period | 2,150,364 | 2,503,064 |
| Balance, end of period | $2,482,623 | $2,220,926 |
| Supplemental cash flow disclosures | ||
| Interest paid, net of amounts capitalized | $263,159 | $269,489 |
| Income tax refunds received, net | (9,413) | (34,389) |
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