MGM Resorts International (MGM) Balance Sheet: Assets & Liabilities

MGM Resorts International (MGM) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), MGM Resorts International reported total assets of $41.37B and total liabilities of $38.10B. Shareholders' equity was $2.43B, down 34.7% from $3.72B a year earlier. Total debt stood at $56.16B against $2.06B in cash and short-term investments, a net debt position of $54.09B. That puts debt-to-equity at 23.11, compared with 1.76 a year earlier.

MGM Resorts International Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for MGM Resorts International (MGM) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	2.06	2.42	2.93	5.91	4.70	5.10	2.33	1.53	1.50
Short-Term Investments	0.00	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	2.06	2.62	2.93	5.91	4.70	5.10	2.33	1.53	1.50
Accounts Receivable	1.34	1.07	0.93	0.85	0.58	0.56	1.37	0.69	0.58
Inventory	0.12	0.14	0.14	0.13	0.10	0.09	0.10	0.11	0.10
Other Current Assets	0.80	0.48	0.77	0.58	0.76	0.20	0.20	0.20	0.19
Total Current Assets	4.33	4.36	4.91	8.15	6.42	5.95	4.01	2.53	2.38
Non-Current Assets
Property, Plant & Equipment (Net)	29.31	29.73	29.48	29.75	25.93	22.92	22.68	20.73	19.64
Long-Term Investments	0.54	0.38	0.24	0.17	0.97	1.45	0.82	0.73	1.03
Goodwill	4.90	5.15	5.17	5.03	3.48	2.09	2.08	1.82	1.81
Intangible Assets	1.36	1.72	1.72	1.55	3.62	3.64	3.83	3.94	3.88
Other Non-Current Assets	0.85	0.90	0.85	1.03	2.93	0.44	0.46	0.46	0.43
Total Non-Current Assets	37.04	37.87	37.46	37.54	34.48	30.54	29.87	27.68	26.78
Total Assets	41.37	42.23	42.37	45.69	40.90	36.49	33.88	30.21	29.16
Current Liabilities
Accounts Payable	0.42	0.41	0.46	0.37	0.29	0.14	0.24	0.30	0.26
Short-Term Debt	0.00	0.17	0.06	1.29	1.00	0.25	0.22	0.04	0.16
Current Portion of Long-Term Debt	-	-	-	1.29	1.00	-	-	-	-
Accrued Liabilities	3.07	2.94	1.62	1.37	2.16	-	-	-	-
Deferred Revenue	0.00	1.26	0.57	0.61	0.96	0.26	0.37	0.56	0.45
Other Current Liabilities	3.09	1.79	1.56	0.54	0.08	1.10	2.15	1.80	2.10
Total Current Liabilities	3.51	3.35	3.13	4.52	3.44	1.86	3.19	2.95	3.14
Non-Current Liabilities
Long-Term Debt	56.16	6.36	6.34	7.43	11.77	20.77	15.45	15.09	12.75
Deferred Tax Liabilities	2.62	2.81	2.86	2.97	2.44	2.15	2.11	1.34	1.30
Other Non-Current Liabilities	-24.19	3.72	0.54	0.26	0.32	0.47	0.36	0.26	0.28
Total Non-Current Liabilities	34.59	35.16	34.87	35.81	23.89	23.39	17.92	16.69	14.33
Total Liabilities	38.10	38.51	38.00	40.32	29.77	25.25	21.11	19.64	17.47
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01
Retained Earnings	2.11	-0.06	3.66	4.79	4.34	3.09	4.20	2.42	2.22
Accumulated Other Comprehensive Income	0.32	-0.06	0.14	0.03	-0.02	-0.03	-0.01	-0.01	0.00
Additional Paid-in Capital	0.00	0.00	0.00	0.00	1.75	3.44	3.53	4.09	5.36
Minority Interest	0.85	0.70	0.56	0.54	5.05	4.74	5.04	4.06	4.11
Shares Outstanding	0.26	0.29	0.33	0.38	-	-	-	-	-
Total Stockholders' Equity	2.43	3.72	3.81	4.83	11.12	6.50	7.73	6.51	7.58
Total Liabilities & Equity	41.37	42.23	42.37	45.69	40.90	36.49	33.88	30.21	29.16

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About MGM Resorts International Balance Sheet

How much debt does MGM Resorts International have?

MGM Resorts International had total debt of $56.16B as of Dec 31, 2025, against $2.06B in cash and short-term investments. Its debt-to-equity ratio was 23.11. Total debt was $6.53B a year earlier.

What are MGM Resorts International's total assets?

MGM Resorts International reported total assets of $41.37B as of Dec 31, 2025, down 2.0% from $42.23B a year earlier. Total liabilities were $38.10B.

What is MGM Resorts International's shareholders' equity?

MGM Resorts International's shareholders' equity was $2.43B as of Dec 31, 2025, or about $9.41 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition