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Mgm Resorts International [MGM] reports $282.8 million quarterly net profit

Mgm Resorts International [MGM] reports $282.8 million quarterly net profit

Company generates $4.3 billion in revenue

By USinMinutes
Published - Aug 09, 2024, 07:55 AM ET
Last Updated - Aug 29, 2024, 01:07 AM EDT

Mgm Resorts International Mgm Resorts International [MGM] has reported $282.8 million quarterly profit, an increase of $70.9 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Mgm Resorts International reported the quarterly diluted earnings per share (EPS) rose by 30.43 percent to $0.6 from $0.5 in the previous quarter.

Dollars in millions
Jun 30, 2024    Dec 31, 2023    Sep 30, 2023    Jun 30, 2023   

Income Statement

Revenue $4,327.4  $16,164.2  $3,973.2  $3,942.2 
Operating Profit $425.7  $1,891.5  $369.9  $371.4 
Net Income $282.8  $1,314.9  $211.9  $243.5 
Net Cash -$513.6  -$3,021.5  -$2,633.2  -$2,106.2 
Gross Margin $4,327.4       
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues1530.18       
Profit as % of Assets1.23 2.99 0.48 0.55 
Profit as % of Stockholder Equity7.41 30.34 4.78 5.04 
Return on Equity7.41 30.34 4.78 5.04 
Return on Assets0.68 3.10 0.50 0.57 
Turnover Ratio18.76 0.37 0.09 0.09 
EBITA$617.6 $2.7 $0.6 $0.6 

Balance Sheet

Total Assets $41,815.5  $42,368.5  $42,572.5  $42,905.8 
Total Liabilities $37,969.1  $38,001.0  $38,110.7  $38,060.7 

Cash Flow Statement

Operating Cash Flow $1,023.5  $2,690.8  $1,974.8  $1,280.8 
Investing Cash Flow -$385.4  -$714.2  -$420.6  -$59.0 
Financing Cash Flow -$1,123.5  -$5,004.6  -$4,177.1  -$3,329.5 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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