Mgm growth properties llc (MGP)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Dec'15
ASSETS
Real Estate Investment Property, Net

8,486

10,827

10,894

10,975

10,296

10,506

9,803

9,880

9,949

10,021

8,911

8,957

9,019

9,079

7,793

Property and equipment, used in operations, net

-

-

-

-

776

-

789

-

-

0

-

-

-

-

-

Lease incentive asset

522

527

532

537

542

0

-

-

-

-

-

-

-

-

-

Investment in unconsolidated affiliate

803

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

53

74

-

49

289

280

259

1,138

376

368

360

0

Cash and cash equivalents

1,762

202

153

53

-

3

-

-

-

-

-

-

-

-

-

Tenant and other receivables, net

-

-

0

0

9

7

12

4

2

6

6

4

4

9

0

Prepaid expenses and other assets

26

31

27

23

36

34

56

51

33

18

8

8

11

10

0

Above market lease, asset

41

41

41

42

42

43

43

43

44

44

44

45

45

46

0

Goodwill

-

-

-

-

17

-

17

-

-

0

-

-

-

-

-

Other intangible assets, net

-

-

-

-

250

-

252

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

280

280

280

279

280

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

0

0

-

355

-

-

-

-

-

-

-

-

-

Intangible Assets, Net (Excluding Goodwill)

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Total assets

11,921

11,910

11,929

11,912

12,326

10,951

11,024

10,270

10,309

10,351

10,110

9,392

9,449

9,506

7,793

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Debt, net

3,973

4,307

4,847

4,852

4,939

4,666

4,684

3,923

3,925

3,934

3,900

3,601

3,606

3,621

0

Due to MGM Resorts International and affiliates

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Accounts payable, accrued expenses and other liabilities

139

37

59

42

48

20

39

9

4

10

12

8

4

10

0

Above market lease, liability

-

-

0

0

0

46

46

46

46

47

47

47

47

47

0

Accrued interest

37

42

37

44

38

26

32

25

30

22

27

17

27

26

0

Dividend and distribution payable

158

147

138

136

139

119

116

114

111

111

101

95

94

94

0

Deferred revenue

116

108

95

84

72

163

157

147

129

127

115

88

80

72

0

Deferred income taxes, net

29

29

29

29

34

33

31

28

28

28

25

25

25

25

1,734

Operating lease liabilities

339

337

336

336

335

-

-

-

-

-

-

-

-

-

-

Liabilities related to assets held for sale

-

-

0

0

-

28

-

-

-

-

-

-

-

-

-

Total liabilities

4,796

5,012

5,545

5,526

5,609

5,105

5,109

4,295

4,277

4,283

4,270

3,885

3,887

3,898

1,734

Redeemable noncontrolling interest

1,583

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders' equity
Class A shares: no par value, 1,000,000,000 shares authorized, 131,346,851 and 113,806,820 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

Additional paid-in capital

3,218

2,766

2,307

2,237

2,210

1,712

1,711

1,717

1,716

1,716

1,697

1,370

1,363

1,363

0

Accumulated deficit

-356

-244

-216

-194

-173

-150

-137

-126

-108

-94

-73

-56

-40

-29

0

Accumulated other comprehensive loss

-45

-7

-16

-9

0

4

10

9

7

3

-0

-0

0

0

0

Predecessor net Parent investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,058

Total Class A shareholders' equity

2,816

2,514

2,074

2,033

2,037

1,565

1,584

1,599

1,615

1,624

-

-

-

1,333

-

Noncontrolling interest

2,725

4,383

4,309

4,353

4,679

4,279

4,330

4,374

4,417

4,443

4,217

4,194

4,239

4,274

0

Total shareholders' equity

5,541

6,898

6,384

6,386

6,716

5,845

5,915

5,974

6,032

6,067

5,840

5,507

5,562

5,608

6,058

Partners’ capital
General partner

-

-

-

-

-

0

-

0

0

0

0

0

0

0

-

Limited partners: 333,659,439 and 313,509,363 Operating Partnership units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

5,845

-

5,974

6,032

6,067

5,840

5,507

5,562

5,608

-

Partners' Capital

-

-

-

-

-

5,845

-

5,974

6,032

6,067

5,840

5,507

5,562

5,608

-

Total liabilities, redeemable noncontrolling interest, and shareholders' equity

11,921

11,910

11,929

11,912

12,326

10,951

11,024

10,270

10,309

10,351

10,110

9,392

9,449

9,506

7,793

MGP Operating Partnership
Real Estate Investment Property, Net

8,486

10,827

10,894

10,975

10,296

10,506

9,803

9,880

9,949

10,021

8,911

8,957

9,019

9,079

7,793

Property and equipment, used in operations, net

-

-

-

-

776

-

789

-

-

0

-

-

-

-

-

Lease incentive asset

522

527

532

537

542

0

-

-

-

-

-

-

-

-

-

Investment in unconsolidated affiliate

803

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

53

74

-

49

289

280

259

1,138

376

368

360

0

Cash and cash equivalents

1,762

202

153

53

-

3

-

-

-

-

-

-

-

-

-

Tenant and other receivables, net

-

-

0

0

9

7

12

4

2

6

6

4

4

9

0

Prepaid expenses and other assets

26

31

27

23

36

34

56

51

33

18

8

8

11

10

0

Above market lease, asset

41

41

41

42

42

43

43

43

44

44

44

45

45

46

0

Goodwill

-

-

-

-

17

-

17

-

-

0

-

-

-

-

-

Other intangible assets, net

-

-

-

-

250

-

252

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

280

280

280

279

280

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

0

-

-

355

-

-

-

-

-

-

-

-

-

Total assets

11,921

11,910

11,929

11,912

12,326

10,951

11,024

10,270

10,309

10,351

10,110

9,392

9,449

9,506

7,793

Debt, net

3,973

4,307

4,847

4,852

4,939

4,666

4,684

3,923

3,925

3,934

3,940

3,601

3,606

3,621

0

Due to MGM Resorts International and affiliates

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Accounts payable, accrued expenses and other liabilities

139

37

59

42

48

20

39

9

4

10

12

8

4

10

0

Above market lease, liability

-

-

0

0

0

46

46

46

46

47

47

47

47

47

0

Accrued interest

37

42

37

44

38

26

32

25

30

22

27

17

27

26

0

Dividend and distribution payable

158

147

138

136

139

119

116

114

111

111

101

95

94

94

0

Deferred revenue

116

108

95

84

72

163

157

147

129

127

115

88

80

72

0

Deferred income taxes, net

29

29

29

29

34

33

31

28

28

28

25

25

25

25

1,734

Operating lease liabilities

339

337

336

336

335

-

-

-

-

-

-

-

-

-

-

Liabilities related to assets held for sale

-

-

0

0

-

28

-

-

-

-

-

-

-

-

-

Total liabilities

4,796

5,012

5,545

5,526

5,609

5,105

5,109

4,295

4,277

4,283

4,270

3,885

3,887

3,898

1,734

Redeemable noncontrolling interest

1,583

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Predecessor net Parent investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,058

General partner

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Limited partners: 333,659,439 and 313,509,363 Operating Partnership units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

5,541

6,898

6,384

6,386

6,716

5,845

5,915

5,974

6,032

6,067

5,840

5,507

5,562

5,608

0

Partners' Capital

5,541

6,898

6,384

6,386

6,716

5,845

5,915

5,974

6,032

6,067

5,840

5,507

5,562

5,608

6,058

Total liabilities, redeemable noncontrolling interest, and shareholders' equity

11,921

11,910

11,929

11,912

12,326

10,951

11,024

10,270

10,309

10,351

10,110

9,392

9,449

9,506

7,793

Class A Shares
Class A shares: no par value, 1,000,000,000 shares authorized, 57,500,000 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Total Class A shareholders’ equity

-

-

-

-

-

-

-

-

-

-

1,622

1,312

1,322

-

6,058