MGM Resorts International (BSP:M1GM34) Pre-Tax Income : R$7,411 Mil (TTM As of Dec. 2023)

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What is MGM Resorts International Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. MGM Resorts International's pretax income for the three months ended in Dec. 2023 was R$1,568 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was R$7,411 Mil. MGM Resorts International's pretax margin was 7.32%.

During the past 13 years, MGM Resorts International's highest Pretax Margin was 22.07%. The lowest was -29.28%. And the median was 7.89%.

MGM Resorts International Pre-Tax Income Historical Data

The historical data trend for MGM Resorts International's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGM Resorts International Pre-Tax Income Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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11,684.38

-7,776.11

8,266.36

4,740.79

7,216.24

MGM Resorts International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial															-178.75	3,363.00	1,372.07	1,107.87	1,568.38

Competitive Comparison of MGM Resorts International's Pre-Tax Income

For the Resorts & Casinos subindustry, MGM Resorts International's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MGM Resorts International's Pre-Tax Income Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where MGM Resorts International's Pre-Tax Income falls into.

MGM Resorts International Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

MGM Resorts International's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	7758.848	+	1712.74	+	-2255.344	+	0	+	0
	=	7,216

MGM Resorts International's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	2060.601	+	31.462	+	-523.681	+	0	+	0
	=	1,568

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$7,411 Mil.

MGM Resorts International (BSP:M1GM34) Pre-Tax Income Explanation

MGM Resorts International's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	1568.382	/	21439.384
	=	7.32%

During the past 13 years, MGM Resorts International's highest Pretax Margin was 22.07%. The lowest was -29.28%. And the median was 7.89%.

MGM Resorts International Pre-Tax Income Related Terms

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MGM Resorts International (BSP:M1GM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (BSP:M1GM34) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico MGG:Germany MGG:Germany

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

MGM Resorts International (BSP:M1GM34) Headlines

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