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MGM Resorts cash flow statement

In fiscal 2025, MGM Resorts's operations generated $2.53bn of cash; it spent $1.07bn on capital projects, leaving free cash flow of $1.46bn. It returned $1.23bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations5885046759091,3101,1311,0051,5342,2061,7231,810−1,4931,3731,7562,6912,3622,5292,314
Depreciation and amortisation6896338179288498168208509931,1781,3051,2111,1513,4828148311,0181,101
Stock-based pay3735404032374355627089107657174809097
Capital spending1372073014235628721,4672,2621,8641,4877392714917659321,1511,069914
Free cash flow451297374487748259−462−7293422361,071−1,7648839911,7591,2121,4601,400
Free cash flow after stock pay414262334447716221−505−784280166983−1,8718189201,6851,1321,3701,303
Dividends paid——————00252261271785400——
Share buybacks——————003281,2831,0323541,7542,7752,2921,3581,228774
Shares issued1,104588————01,20838801,250———————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from MGM Resorts's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MGM Resorts.