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MGM Resorts International MGM Consolidation Eliminations — Payments To Acquire Short Term Investments

Discontinued — last reported Q4 '16

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AREConsolidation Eliminations — Payments To Acquire Investments
$0
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ACGLConsolidation Eliminations — Payments For Proceeds From Short Term Investments
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MTCHConsolidation Eliminations — Intercompany Investing Activities
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CLHConsolidation Eliminations — Proceeds From Sale Of Longterm Investments
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ACGLConsolidation Eliminations — Payments To Acquire Other Investments
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VOYAConsolidation Eliminations — Payments For Proceeds From Short Term Investments

Other financials

Income statement

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Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

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Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation

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Market cap$11.98B+11.9%
Enterprise value$41.38B+2.1%
P/E65.7×+49.9×
P/S0.7×+0.1×

Profitability

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Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

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Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireShortTermInvestments.

The official record: MGM Resorts International’s 10-K, filed March 1, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — payments to acquire short term investments mean?
The removal of internal cash transfers used to buy short-term investments between subsidiaries.
How do you interpret consolidation eliminations — payments to acquire short term investments?
This is an accounting adjustment and does not reflect external investment strategy or market exposure.
How does consolidation eliminations — payments to acquire short term investments compare across companies?
Standard consolidation adjustment for large groups managing internal treasury functions.