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Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Information

The following tables present the Company’s segment information:

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Net Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Wholly owned domestic resorts

 

$

6,497,361

 

 

$

6,342,084

 

 

$

6,052,644

 

MGM China

 

 

2,214,767

 

 

 

3,282,329

 

 

 

3,316,928

 

Reportable segment net revenues

 

 

8,712,128

 

 

 

9,624,413

 

 

 

9,369,572

 

Corporate and other

 

 

477,940

 

 

 

457,571

 

 

 

440,091

 

 

 

$

9,190,068

 

 

$

10,081,984

 

 

$

9,809,663

 

Adjusted Property EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Wholly owned domestic resorts

 

$

1,689,966

 

 

$

1,518,307

 

 

$

1,442,686

 

MGM China

 

 

539,881

 

 

 

850,471

 

 

 

814,109

 

Reportable segment Adjusted Property EBITDA

 

 

2,229,847

 

 

 

2,368,778

 

 

 

2,256,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other operating income (expense)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, unconsolidated affiliates and other, net

 

 

9,073

 

 

 

(149,216

)

 

 

(132,214

)

Preopening and start-up expenses

 

 

(71,327

)

 

 

(39,257

)

 

 

(13,314

)

Property transactions, net

 

 

(1,503,942

)

 

 

(41,002

)

 

 

(124,761

)

Depreciation and amortization

 

 

(819,883

)

 

 

(815,765

)

 

 

(849,225

)

Operating income (loss)

 

 

(156,232

)

 

 

1,323,538

 

 

 

1,137,281

 

Non-operating income (expense)

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net of amounts capitalized

 

 

(797,579

)

 

 

(817,061

)

 

 

(857,347

)

Non-operating items from unconsolidated affiliates

 

 

(76,462

)

 

 

(87,794

)

 

 

(208,682

)

Other, net

 

 

(15,970

)

 

 

(7,797

)

 

 

(9,062

)

 

 

 

(890,011

)

 

 

(912,652

)

 

 

(1,075,091

)

Income (loss) before income taxes

 

 

(1,046,243

)

 

 

410,886

 

 

 

62,190

 

Benefit (provision) for income taxes

 

 

6,594

 

 

 

(283,708

)

 

 

(20,816

)

Net income (loss)

 

 

(1,039,649

)

 

 

127,178

 

 

 

41,374

 

Less: Net (income) loss attributable to noncontrolling interests

 

 

591,929

 

 

 

(277,051

)

 

 

(213,108

)

Net loss attributable to MGM Resorts International

 

$

(447,720

)

 

$

(149,873

)

 

$

(171,734

)

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Total assets:

 

(In thousands)

 

Wholly owned domestic resorts

 

$

13,261,882

 

 

$

13,234,233

 

MGM China

 

 

7,895,376

 

 

 

8,836,856

 

Reportable segment total assets

 

 

21,157,258

 

 

 

22,071,089

 

Corporate and other

 

 

4,099,837

 

 

 

4,545,448

 

Eliminated in consolidation

 

 

(41,917

)

 

 

(22,623

)

 

 

$

25,215,178

 

 

$

26,593,914

 

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Property and equipment, net:

 

(In thousands)

 

Wholly owned domestic resorts

 

$

11,853,802

 

 

$

11,933,559

 

MGM China

 

 

1,896,815

 

 

 

1,323,432

 

Reportable segment property and equipment, net

 

 

13,750,617

 

 

 

13,256,991

 

Corporate and other

 

 

1,663,095

 

 

 

1,207,174

 

Eliminated in consolidation

 

 

(41,917

)

 

 

(22,623

)

 

 

$

15,371,795

 

 

$

14,441,542

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

(In thousands)

 

Wholly owned domestic resorts

 

$

383,367

 

 

$

292,463

 

 

$

216,147

 

MGM China

 

 

590,968

 

 

 

347,338

 

 

 

254,516

 

Reportable segment capital expenditures

 

 

974,335

 

 

 

639,801

 

 

 

470,663

 

Corporate and other

 

 

504,398

 

 

 

233,173

 

 

 

107,442

 

Eliminated in consolidation

 

 

(11,914

)

 

 

(933

)

 

 

(15,981

)

 

 

$

1,466,819

 

 

$

872,041

 

 

$

562,124