The current quarter included a non-recurring, non-cash income tax expense of $92 million, $0.17 per share on a diluted basis, primarily resulting from recently issued guidance on certain international provisions of the U.S.Diluted loss per share of $0.06 in the current quarter compared to diluted earnings per share of $2.39 in the prior year quarter.Net loss attributable to MGM Resorts of $23 million, compared to net income of $1.4 billion in the prior year quarter.Consolidated operating income increased 50% compared to the prior year quarter to $336 million.Consolidated net revenues increased 18% compared to the prior year quarter to $3.1 billion.As such, certain previously reported 2017 numbers have been retrospectively adjusted under the new standard to assist with comparability to the prior period.įourth Quarter 2018 Financial and Strategic Highlights: On January 1, 2018, the Company adopted the new revenue recognition accounting standard (ASC 606). 13, 2019 /PRNewswire/ - MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2018.
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