MGP · Mgm Growth Properties LLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $201.94M | - | $194.34M | $194.34M | $194.34M | - | $194.34M | $194.34M | $209.57M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.56M | - | $3.90M | $4.31M | $3.66M | - | $3.48M | $3.73M | $4.88M | - |
| Total Operating Expenses | $73.90M | - | $74.04M | $68.31M | $68.36M | - | $67.64M | $68.35M | $268.53M | - |
| D&A | $62.82M | - | $57.61M | $57.77M | $57.94M | - | $58.24M | $58.41M | $62.05M | - |
| Operating Income | $118.76M | - | $85.49M | $75.46M | $118.20M | - | $100.14M | $99.52M | ($124.19M) | - |
| Interest Expense | $63.77M | - | $64.22M | $68.74M | $68.45M | - | $59.97M | $55.38M | $49.20M | - |
| Income Tax | $2.26M | - | $2.40M | $1.76M | $2.79M | - | $2.73M | $2.50M | $1.13M | - |
| Net Income | $69.43M | - | $49.97M | $43.89M | $59.60M | - | $43.38M | $41.02M | ($49.75M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.61M | $8.06M | $319.58M | $298.18M | $143.23M | $626.38M | $655.17M | $725.89M | $1.76B | $202.10M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $10.36B | $10.43B | $10.12B | $10.15B | $10.06B | $10.60B | $10.69B | $10.82B | $11.92B | $11.91B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $4.17B | $4.22B | $4.16B | $4.16B | $4.16B | $4.17B | $3.52B | $3.61B | $3.97B | $4.31B |
| Total Liabilities | $4.98B | $5.07B | $5.01B | $5.00B | $4.97B | $5.01B | $4.37B | $4.45B | $4.80B | $5.01B |
| Stockholders' Equity | $3.17B | $3.16B | $3.01B | $3.03B | $2.97B | $2.64B | $2.52B | $2.56B | $2.82B | $2.51B |
| Retained Earnings | ($551.37M) | ($537.72M) | ($507.47M) | ($475.98M) | ($439.19M) | ($422.90M) | ($400.29M) | ($379.59M) | ($356.52M) | ($244.38M) |
Cash Flow
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $190.36M | - | - | - | $175.90M | - | - | - | $175.90M | - |
| Investing Cash Flow | $0 | - | - | - | $58.08M | - | - | - | $58.08M | - |
| Financing Cash Flow | ($190.81M) | - | - | - | $1.33B | - | - | - | $1.33B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 58.8% | - | 44.0% | 38.8% | 60.8% | - | 51.5% | 51.2% | -59.3% | - |
| EBITDA margin | 89.9% | - | 73.6% | 68.6% | 90.6% | - | 81.5% | 81.3% | -29.7% | - |
| Net margin | 34.4% | - | 25.7% | 22.6% | 30.7% | - | 22.3% | 21.1% | -23.7% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 1.8% | - | 2.0% | 2.2% | 1.9% | - | 1.8% | 1.9% | 2.3% | - |
| Effective tax rate | 3.1% | - | 4.6% | 3.9% | 4.5% | - | 5.9% | 5.7% | - | - |
| Return on assets | 0.7% | - | 0.5% | 0.4% | 0.6% | - | 0.4% | 0.4% | -0.4% | - |
| Return on equity | 2.2% | - | 1.7% | 1.5% | 2.0% | - | 1.7% | 1.6% | -1.8% | - |
| Return on invested capital | 1.6% | - | 1.1% | 1.0% | 1.6% | - | 1.6% | 1.5% | -1.4% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.32 | 1.34 | 1.39 | 1.38 | 1.40 | 1.58 | 1.40 | 1.41 | 1.41 | 1.71 |
| Debt / Assets | 0.40 | 0.40 | 0.41 | 0.41 | 0.41 | 0.39 | 0.33 | 0.33 | 0.33 | 0.36 |
| Debt / EBITDA | 22.96 | - | 29.10 | 31.25 | 23.63 | - | 22.20 | 22.89 | - | - |
| Interest coverage | 1.9x | - | 1.3x | 1.1x | 1.7x | - | 1.7x | 1.8x | -2.5x | - |
| Equity multiplier | 3.27 | 3.30 | 3.36 | 3.35 | 3.39 | 4.01 | 4.25 | 4.24 | 4.23 | 4.74 |
| Liabilities / Assets | 0.48 | 0.49 | 0.49 | 0.49 | 0.49 | 0.47 | 0.41 | 0.41 | 0.40 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.9% | - | 0.0% | 0.0% | -7.3% | - | -14.0% | -13.9% | -2.9% | - |
| Revenue CAGR (3y) | -2.2% | - | -11.7% | -4.1% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 0.5% | - | -14.6% | -24.2% | - | - | 42.0% | -26.8% | - | - |
| Net income growth (YoY) | 16.5% | - | 15.2% | 7.0% | - | - | 92.7% | 87.6% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.7% | 19.6% | 19.4% | 18.4% | 5.3% | 5.0% | 21.4% | 25.7% | 38.2% | 60.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$782.06M totalRental Properties$757.94M · 96.9%
Tenant Reimbursements$24.12M · 3.1%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing MGM Growth Properties LLC against the 5 most active filers in the same SIC group.