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MGM Mirage, Incorporated (MGM)

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J. Terrence Lanni , CEO/Chairman of the Board/Director

www.mgmmirage.com

Industry: Leisure

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Overview

News

People

Financials

Overview

The Company, through its wholly-owned subsidiaries, owns and operates casino resorts.

Portfolio Articles

Big Splash
The new wave in hotels: large, luxurious swimming pools with all the trimmings.

May 22 2008
Salaam, Las Vegas
Dubai agrees to take big stake in MGM Mirage in a $5 billion deal.
Aug 22 2007

See more news on this company

News Feeds

Analysts turn more positive on MGM's financing AP
Oct 10 2008
MGM Mirage changes debt terms in tight market AP
Oct 06 2008
MGM's CityCenter gets 1st stage of financing AP
Oct 06 2008
'Lion King' musical heading to Las Vegas LA
Sep 30 2008
Sprinklers douse 2 fires in Las Vegas resorts AP
Sep 23 2008
Unexpectedly, Las Vegas hit by downturn Reuters
Sep 22 2008
Casino shares fall on capital, liquidity worries AP
Sep 22 2008
Casino operators rise as market tensions ease AP
Sep 19 2008
Casino cos. face uncertainty as credit tightens AP
Sep 18 2008
Macau gaming companies fall on September results AP
Sep 17 2008

Portfolio Blogs

Stakes Are High For Lawyer Christensen In Pellicano Case
Mar 10 2008

Press Releases

CityCenter Secures First Phase of Its $3.0 Billion Senior Credit Facility Oct-06-2008, 09:35AM EDT
MGM MIRAGE Amends Senior Bank Credit Facility Oct-06-2008, 08:30AM EDT
Beacon Equity Issues Technical Trade Alerts on Casino and Resort Stocks: ISLE, MGM, LVS, BYD, PENN, WYNN Oct-01-2008, 09:21AM EDT
Disney's The Lion King to Open at Mandalay Bay May 2, 2009 Sep-30-2008, 04:00PM EDT
Borgata Crowns 2008 Poker Open Champion Sep-19-2008, 03:30PM EDT

News From Around the Web

News

Arenacross World Finals come to MGM Grand (Las Vegas Review-Journal)

Oct 10 2008
Jonas Brothers add show (Las Vegas Review-Journal)

Oct 10 2008
LOCALS RETREAT (Las Vegas Review-Journal)

Oct 10 2008
What Funding Freeze? Some Firms Get Theirs (CFO)

Oct 09 2008
MGM Mirage and Partner Double Down on Massive Vegas Project (CoStar - Philadelphia)

Oct 08 2008
September revenue up at MGM Grand Detroit, down at other two casinos (Detroit News)

Oct 08 2008
Commercial RE: Foreclosures, Vacancies, A Little Funding [Housing Tracker] (SeekingAlpha)

Oct 08 2008
LV Monorail closes all but two booths (NBC 3 Las Vegas (KVBC))

Oct 07 2008
Most CityCenter financing secured (Las Vegas Review-Journal)

Oct 07 2008
CityCenter Secures First Phase of Its $3.0 Billion Senior Credit Facility (CBS 13 Tucson (KOLD))

Oct 06 2008

Employees

Number of Employees: 54,700

Revenue per Employee: $128,366

Top Executives

Shawn T. Sani, Senior VP, Divisional

Phyllis A. James, Senior VP/Other Corporate Officer

Daniel J. D'Arrigo, CFO/Executive VP

Alan Feldman, Divisional Senior VP

Gary N. Jacobs, Executive VP/Director/Secretary/General Counsel

Cynthia Kiser Murphey, Divisional Senior VP

James J. Murren, President/COO/Director

Punam Mathur, Divisional Senior VP

Robert C. Selwood, Chief Accounting Officer/Executive VP

Cathryn Santoro, Senior VP/Treasurer

Aldo Manzini, Chief Administrative Officer/Executive VP

Bryan L. Wright, Senior VP/Assistant Secretary/Other Corporate Officer

Bruce Gebhardt, Divisional Senior VP

Robert H. Baldwin, Director/Other Executive Officer/CEO, Subsidiary/President, Subsidiary

Board of Directors

Rose McKinney-James, Director

Gary N. Jacobs, Executive VP/Director/Secretary/General Counsel

Alexander M. Haig, Jr., Director

James J. Murren, President/COO/Director

Cathryn Santoro, Senior VP/Treasurer

Alexis Herman, Director

Bryan L. Wright, Senior VP/Assistant Secretary/Other Corporate Officer

Robert H. Baldwin, Director/Other Executive Officer/CEO, Subsidiary/President, Subsidiary

Kirk Kerkorian, Director

Anthony Mandekic, CPA, Director

Willie D. Davis, Director

Melvin B. Wolzinger, Director

Daniel J. Taylor, Director

Kenny G. Guinn, Director

Roland A. Hernandez, Director

Financials

Quarterly

Annual

Income Statement	08/2008	05/2008	02/2008	10/2007
Sales	1.22 Bil.	1.25 Bil.	1.25 Bil.	1.04 Bil.
Gross Operating Profit	674.01 Mil.	635.82 Mil.	678.78 Mil.	860.44 Mil.
Operating Income before D & A (EBITDA)	316.62 Mil.	310.28 Mil.	321.1 Mil.	485.09 Mil.
Total Income Before Interest Expenses (EBIT)	328.61 Mil.	300.98 Mil.	1.49 Bil.	463.63 Mil.
Total Net Income	113.1 Mil.	118.35 Mil.	872.21 Mil.	183.86 Mil.
Basic EPS, Total	0.41	0.41	2.96	0.65
Diluted EPS, Total	0.4	0.4	2.85	0.62

BALANCE STATEMENT	08/2008	05/2008	02/2008	10/2007
Cash and Equivalents	280 Mil.	327.74 Mil.	412.39 Mil.	311.6 Mil.
Total Assets	941.82 Mil.	1.09 Bil.	1.18 Bil.	1.13 Bil.
Total Liabilities	1.29 Bil.	1.27 Bil.	1.72 Bil.	1.71 Bil.
Total Capitalization	18.1 Bil.	17.87 Bil.	17.24 Bil.	18.71 Bil.

Cash Flow	08/2008	05/2008	02/2008	10/2007
Net Cash From Continuing Operations	NA	NA	NA	961.27 Mil.
Net Cash From Investing Activities	NA	NA	NA	-1.96 Bil.
Net Cash From Financing Activities	NA	NA	NA	1.12 Bil.
Net Change in Cash & Cash Equivalents	NA	NA	NA	-138.18 Mil.

Income Statement	2008	2007	2006	2005
Sales	4.84 Bil.	3.79 Bil.	3.54 Bil.	2.26 Bil.
Gross Operating Profit	2.85 Bil.	3.38 Bil.	2.94 Bil.	1.98 Bil.
Operating Income before D & A (EBITDA)	1.43 Bil.	2.16 Bil.	1.84 Bil.	1.28 Bil.
Total Income Before Interest Expenses (EBIT)	2.87 Bil.	1.74 Bil.	1.34 Bil.	934.2 Mil.
Total Net Income	1.58 Bil.	648.26 Mil.	443.26 Mil.	412.33 Mil.
Basic EPS, Total	5.52	2.29	1.56	1.48
Diluted EPS, Total	5.31	2.22	1.5	1.43

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	412.39 Mil.	452.94 Mil.	377.93 Mil.	435.13 Mil.
Total Assets	1.18 Bil.	1.51 Bil.	1.02 Bil.	820.2 Mil.
Total Liabilities	1.72 Bil.	1.65 Bil.	1.53 Bil.	927.98 Mil.
Total Capitalization	17.24 Bil.	16.84 Bil.	15.59 Bil.	8.23 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	NA	1.24 Bil.	1.18 Bil.	829.25 Mil.
Net Cash From Investing Activities	NA	-1.65 Bil.	-5.3 Bil.	-347.75 Mil.
Net Cash From Financing Activities	NA	510.02 Mil.	4.06 Bil.	-325.97 Mil.
Net Change in Cash & Cash Equivalents	NA	75.01 Mil.	-57.2 Mil.	155.52 Mil.

MGM Mirage, Incorporated (MGM)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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