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MGM Resorts International MGM Reimbursed costs — Cost of revenues

Discontinued — last reported Q3 '24

Other product segments

Casino
$1.35B+8.5%
Food and beverage
$576.28M+2.9%
Rooms
$285.28M+1.6%
Entertainment, retail and other
$253.42M+8.1%

Similar metrics at other companies

Hyatt Hotels logo
HReimbursed costs — Costs of goods and services sold
$963M+6.8%
Hyatt Hotels logo
HRevenues for reimbursed costs — Total revenues
$945M+6.7%
Hyatt Hotels logo
HRevenues for reimbursed costs
$13M+62.5%
Hyatt Hotels logo
HRevenues for the reimbursement of costs incurred on behalf of managed and franchised properties — Total revenues
$791M+7.6%
Hyatt Hotels logo
HRevenues for reimbursed costs
$10M+433%
Arthur J. Gallagher logo
AJGRisk Management — Reimbursements
$42M+7.7%

Other financials

Income statement

See full
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

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

Returns & leverage

See full
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:CostOfGoodsAndServicesSold.

The official record: MGM Resorts International’s 10-Q, filed October 30, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGM Resorts International's reimbursed costs — cost of revenues?
MGM Resorts International (MGM) reported reimbursed costs — cost of revenues of $11.88M in Q3 2024.
How has MGM Resorts International's reimbursed costs — cost of revenues changed year-over-year?
MGM Resorts International's reimbursed costs — cost of revenues increased by 2.8% year-over-year, from $11.56M to $11.88M.
What is the long-term trend for MGM Resorts International's reimbursed costs — cost of revenues?
Over 2 years (2021 to 2023), MGM Resorts International's reimbursed costs — cost of revenues has grown at a -55.0% compound annual growth rate (CAGR), from $226.08M to $45.74M.
What does reimbursed costs — cost of revenues mean?
The total expenses incurred that are contractually required to be paid back by third parties.
How do you interpret reimbursed costs — cost of revenues?
An increase reflects higher operational activity managed on behalf of partners, while a decrease signals lower volume of reimbursable service arrangements.
How does reimbursed costs — cost of revenues compare across companies?
Comparable to 'reimbursable expenses' or 'pass-through costs' reported by companies operating under management agreements or joint venture structures.