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MGM RESORTS INTERNATIONAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Year Ended December 31, 2021 2020 2019 Revenues Casino $
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Year Ended December 31, 2021 2020 2019 Revenues Casino $ 5,362,912 $ 2,871,720 $ 6,517,759 Rooms 1,690,037 830,382 2,322,579 Food and beverage 1,391,605 696,040 2,145,247 Entertainment, retail and other 1,009,503 518,991 1,477,200 Reimbursed costs 226,083 244,949 436,887 9,680, 140 5,162,082 12,899,672 Expenses Casino 2,551,169 1,701,783 3,623,899 Rooms 600,942 419,156 829,677 Food and beverage 1,034,780 674,118 1,661,626 Entertainment, retail and other 617,635 412,705 1,051,400 Reimbursed costs 226,083 244,949 436,887 General and administrative 2,507,239 2,122,333 2,101,217 Corporate expense 422,777 460,148 464,642 Preopening and start-up expenses 5,094 84 7,175 Property transactions, net (67,736) 93,567 275,802 Gain on REIT transactions, net (1,491,945) (2,677,996) Gain on consolidation of CityCenter, net (1,562,329) Depreciation and amortization 1,150,610 1,210,556 1,304.649 7,486,264 5,847,454 9,078,978 Income from unconsolidated affiliates 84,823 12,938 1 19,521 Operating income (loss) 2,278,699 (642,434) 3,940,215 Non-operating income (expense) Interest expense, net of amounts capitalized (799,593) (676,380) (847,932) Non-operating items from unconsolidated affiliates (83,243) (103,304) (62,296) Other, net 65,941 (89,361) (183,262) (816,895) 869,045) (1,093,490) Income (loss) before income taxes 1,461,804 (1,511,479) 2,846,725 Benefit (provision) for income taxes (253,415) 191,572 (632,345) Net income (loss) 1,208,389 (1,319,907) 2,214,380 Less: Net (income) loss attributable to noncontrolling interests 45,981 287,183 (165,234) Net income (loss) attributable to MGM Resorts International 1,254,370 (1,032,724) 2,049,146 Earnings (loss) per share Basic 2.44 $ (2.02) $ 3.90 Diluted 2.41 $ (2.02) $ 3.88 Weighted average common shares outstanding Basic 481,930 494,152 524,173 Diluted 487,356 494,152 527,645 The accompanying notes are an integral part of these consolidated financial statements
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