Description
Overview of 1st quarter of 2024 fiscal year of MGM Resorts International.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q1FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q1FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q1FY24 report with the reports from previous quarters of the current fiscal year and Q1FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- QoQ - Quarter-over-Quarter;
- MGM - MGM Resorts International;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- MGM Resorts International Annual Report Period is from January 1 to December 31, 2024;
- The specified financial year coincides with the calendar year.
Short Insights
- Operating income had a decrease of 37.28% compared to Q1FY23;
- Diluted earnings per share of 0.67 USD, a decrease of 45.97%;
- Net cash flow provided by (used in) operating, investing, and financing activities was 549.271 million USD, (108.410) million USD, and (628.970) million USD, respectively;
- In Q1FY24, MGM repurchased 12 million shares of its common stock.
