MGM Resorts International (MGM) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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MGM Resorts International cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $322,789,000.00Depreciation and amortization → Operating adjustments reconciliation: $282,315,000.00Goodwill impairment → Operating adjustments reconciliation: $111,019,000.00Income taxes receivable and payable, net → Operating adjustments reconciliation: $105,025,000.00Noncash lease expense → Operating adjustments reconciliation: $81,766,000.00Prepaid expenses and other → Operating adjustments reconciliation: $54,534,000.00Other → Operating adjustments reconciliation: $42,983,000.00Provision for credit losses → Operating adjustments reconciliation: $31,507,000.00Stock-based compensation → Operating adjustments reconciliation: $15,671,000.00Other investment losses (gains) → Operating adjustments reconciliation: $7,432,000.00Distributions from unconsolidated affiliates → Operating adjustments reconciliation: $7,337,000.00Amortization of debt discounts and issuance costs → Operating adjustments reconciliation: $6,318,000.00Operating adjustments reconciliation → Net cash from operating activities: $236,029,000.00Operating adjustments reconciliation → Property transactions, net: $286,695,000.00Operating adjustments reconciliation → Accounts receivable: $111,692,000.00Operating adjustments reconciliation → Deferred income taxes: $33,055,000.00Operating adjustments reconciliation → Foreign currency transaction (gain) loss: $29,892,000.00Operating adjustments reconciliation → Income from unconsolidated affiliates: $28,363,000.00Operating adjustments reconciliation → Accounts payable and accrued liabilities: $19,983,000.00Operating adjustments reconciliation → Inventories: $198,000.00Proceeds from sale of operating resorts → investing reconciliation: $506,659,000.00Distributions from unconsolidated affiliates → investing reconciliation: $3,921,000.00Dispositions of property and equipment → investing reconciliation: $291,000.00Investments in unconsolidated affiliates → investing reconciliation: $2,000.00investing reconciliation → Net cash from investing activities: $263,694,000.00investing reconciliation → Capital expenditures: $241,381,000.00investing reconciliation → Investments and other: $5,798,000.00Net cash used in financing activities → financing reconciliation: $590,707,000.00Issuance of long-term debt → financing reconciliation: $750,000,000.00financing reconciliation → Repayment of long-term debt: $750,000,000.00financing reconciliation → Net borrowings (repayments) of debt - maturities of 90 days or less: $319,181,000.00financing reconciliation → Repurchases of common stock: $173,597,000.00financing reconciliation → Distributions to noncontrolling interest owners: $77,631,000.00financing reconciliation → Other: $10,738,000.00financing reconciliation → Debt issuance costs: $9,560,000.00Change in cash and cash equivalents classified as assets held for sale → Cash sources and uses: $31,071,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,379,575,000.00Net cash from operating activities → Cash sources and uses: $558,818,000.00Net cash from investing activities → Cash sources and uses: $263,694,000.00Cash sources and uses → Exchange-rate effect: $8,365,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,634,086,000.00Cash sources and uses → Net cash used in financing activities: $590,707,000.00Net income: $322,789,000.00Net income+$322.79 MDepreciation and amortization: $282,315,000.00Depreciation & amortization+$282.32 MAmortization of debt discounts and issuance costs: $6,318,000.00Debt cost amortization+$6.32 MProvision for credit losses: $31,507,000.00Credit loss provision+$31.51 MStock-based compensation: $15,671,000.00Stock-based compensation+$15.67 MForeign currency transaction (gain) loss: -$29,892,000.00FX transaction gain & loss−$29.89 MProperty transactions, net: -$286,695,000.00Property transactions, net−$286.70 MNoncash lease expense: $81,766,000.00Noncash lease expense+$81.77 MOther investment losses (gains): $7,432,000.00Investment gain & loss+$7.43 MIncome from unconsolidated affiliates: -$28,363,000.00Equity-method results−$28.36 MDistributions from unconsolidated affiliates: $7,337,000.00Equity-method distributions+$7.34 MDeferred income taxes: -$33,055,000.00Deferred income taxes−$33.06 MAccounts receivable: -$111,692,000.00Accounts receivable−$111.69 MInventories: -$198,000.00Inventories−$198.00 KIncome taxes receivable and payable, net: $105,025,000.00Income taxes, net+$105.03 MPrepaid expenses and other: $54,534,000.00Prepaid & other assets+$54.53 MAccounts payable and accrued liabilities: -$19,983,000.00Payables & accrued liabilities−$19.98 MOther: $42,983,000.00Other operating, net+$42.98 MGoodwill impairment: $111,019,000.00Goodwill impairment+$111.02 MNet cash from operating activities: $558,818,000.00Operating cash+$558.82 MOperating adjustments reconciliation: $745,907,000.00Net borrowings (repayments) of debt - maturities of 90 days or less: -$319,181,000.00Short-term debt ≤3 months, net−$319.18 MIssuance of long-term debt: $750,000,000.00Long-term debt issued+$750.00 MRepayment of long-term debt: -$750,000,000.00Long-term debt repaid−$750.00 MDebt issuance costs: -$9,560,000.00Debt issuance costs−$9.56 MDistributions to noncontrolling interest owners: -$77,631,000.00Noncontrolling dividends−$77.63 MRepurchases of common stock: -$173,597,000.00Common stock repurchases−$173.60 MOther: -$10,738,000.00Other financing, net−$10.74 MNet cash used in financing activities: -$590,707,000.00. Cash required to fund net payments.Financing cash−$590.71 Mfinancing reconciliation: $1,340,707,000.00Capital expenditures: -$241,381,000.00PP&E purchases−$241.38 MDispositions of property and equipment: $291,000.00PP&E sales+$291.00 KInvestments in unconsolidated affiliates: $2,000.00Equity-method investments made+$2.00 KProceeds from sale of operating resorts: $506,659,000.00Business sales+$506.66 MDistributions from unconsolidated affiliates: $3,921,000.00Equity-method return of capital+$3.92 MInvestments and other: -$5,798,000.00Other investing, net−$5.80 MNet cash from investing activities: $263,694,000.00Investing cash+$263.69 Minvesting reconciliation: $510,873,000.00Cash sources and uses: $3,233,158,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,379,575,000.00Beginning cash$2.38 BEnding cash: Cash, cash equivalents, and restricted cash: $2,634,086,000.00Ending cash$2.63 BExchange-rate effect: -$8,365,000.00FX effect−$8.37 MChange in cash and cash equivalents classified as assets held for sale: $31,071,000.00Change in cash and cashequivalents classified asassets held for sale+$31.07 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$317.44 MOperating cash − cash spent on PP&ECash flow / Net income1.73×Operating cash flow ÷ net incomeNet cash change+$254.51 MEnding cash − beginning cash
Chart details

MGM Resorts International cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
2,379,575,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
558,818,000 US dollars. Net cash provided.
Net income
322,789,000 US dollars
Depreciation and amortization
282,315,000 US dollars
Amortization of debt discounts and issuance costs
6,318,000 US dollars
Provision for credit losses
31,507,000 US dollars
Stock-based compensation
15,671,000 US dollars
Foreign currency transaction (gain) loss
negative 29,892,000 US dollars
Property transactions, net
negative 286,695,000 US dollars
Noncash lease expense
81,766,000 US dollars
Other investment losses (gains)
7,432,000 US dollars
Income from unconsolidated affiliates
negative 28,363,000 US dollars
Distributions from unconsolidated affiliates
7,337,000 US dollars
Deferred income taxes
negative 33,055,000 US dollars
Accounts receivable
negative 111,692,000 US dollars
Inventories
negative 198,000 US dollars
Income taxes receivable and payable, net
105,025,000 US dollars
Prepaid expenses and other
54,534,000 US dollars
Accounts payable and accrued liabilities
negative 19,983,000 US dollars
Other
42,983,000 US dollars
Goodwill impairment
111,019,000 US dollars
Investing activities
263,694,000 US dollars. Net cash provided.
Capital expenditures
negative 241,381,000 US dollars
Dispositions of property and equipment
291,000 US dollars
Investments in unconsolidated affiliates
2,000 US dollars
Proceeds from sale of operating resorts
506,659,000 US dollars
Distributions from unconsolidated affiliates
3,921,000 US dollars
Investments and other
negative 5,798,000 US dollars
Financing activities
negative 590,707,000 US dollars. Net cash used.
Net borrowings (repayments) of debt - maturities of 90 days or less
negative 319,181,000 US dollars
Issuance of long-term debt
750,000,000 US dollars
Repayment of long-term debt
negative 750,000,000 US dollars
Debt issuance costs
negative 9,560,000 US dollars
Distributions to noncontrolling interest owners
negative 77,631,000 US dollars
Repurchases of common stock
negative 173,597,000 US dollars
Other
negative 10,738,000 US dollars
Operating adjustment reconciliation
745,907,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,340,707,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
510,873,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 8,365,000 US dollars
Change in cash and cash equivalents classified as assets held for sale
31,071,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
Ending cash on Jun 30, 2026
2,634,086,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,233,158,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
254,511,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.73×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
558,818,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
241,381,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
317,437,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $236.03M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 558,818,000 US dollars minus 241,381,000 US dollars equals 317,437,000 US dollars.
MGM Resorts International (MGM) FY2026 Q2 Statement of Cash Flows Sankey chart
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