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MGM (MGM Resorts International) Gross Property, Plant and Equipment : $29,609 Mil (As of Sep. 2024)


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What is MGM Resorts International Gross Property, Plant and Equipment?

MGM Resorts International's quarterly gross PPE declined from Mar. 2024 ($29,531 Mil) to Jun. 2024 ($29,501 Mil) but then increased from Jun. 2024 ($29,501 Mil) to Sep. 2024 ($29,609 Mil).

MGM Resorts International's annual gross PPE increased from Dec. 2021 ($34,108 Mil) to Dec. 2022 ($34,668 Mil) but then declined from Dec. 2022 ($34,668 Mil) to Dec. 2023 ($34,654 Mil).


MGM Resorts International Gross Property, Plant and Equipment Historical Data

The historical data trend for MGM Resorts International's Gross Property, Plant and Equipment 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.

* Premium members only.

MGM Resorts International Gross Property, Plant and Equipment Chart

MGM Resorts International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31,260.27 30,393.66 34,107.61 34,667.77 34,653.64

MGM Resorts International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29,407.17 34,653.64 29,531.04 29,500.89 29,608.68

MGM Resorts International Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


MGM Resorts International  (NYSE:MGM) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


MGM Resorts International Gross Property, Plant and Equipment Related Terms

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MGM Resorts International Business Description

Address
3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming 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. We estimate MGM will open a resort in Japan in 2030.
Executives
Keith A. Meister director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Jonathan S Halkyard officer: CHIEF FINANCIAL OFFICER DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220
William Hornbuckle officer: Chief Marketing Officer 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Mary Christine Gay director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Alexis Herman director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
John Mcmanus officer: SVP ASST GEN COUNSEL ASST SCY 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Sanders Corey Ian officer: COO Core Brands 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Ben Winston director 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Gary M Fritz officer: President, Interactive C/O EXPEDIA INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Janet Swartz director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ac/interactivecorp 10 percent owner 555 WEST 18TH STREET, NEW YORK NY 10011
Todd Meinert officer: SVP Financial Reporting 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109