Melco Resorts & Entertainment LTD MLCO
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.15
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.16B | $4.64B | $3.78B | $1.35B | $2.01B | $1.73B | $5.74B | $5.19B | $5.28B | $4.52B |
| SG&A | $657.4M | $568.7M | $488.1M | $423.2M | $426.4M | $424.4M | $559.5M | $505.9M | $467.1M | $446.6M |
| Total operating expenses | $4.56B | $4.15B | $3.71B | $2.09B | $812.5M | $836.3M | $941.8M | $872.9M | $818.2M | $724.4M |
| Operating income | $600.4M | $484.6M | $65.0M | -$743.1M | -$577.5M | -$940.6M | $747.7M | $613.4M | $604.5M | $363.1M |
| Interest expense | $464.9M | $486.7M | $492.4M | $376.7M | $350.5M | $340.8M | $310.1M | $264.9M | $255.8M | $223.6M |
| Pre-tax income | $148.3M | -$6.3M | -$401.9M | -$1.09B | -$953.6M | -$1.46B | $402.6M | $339.1M | $312.2M | $75.1M |
| Income tax | $2.8M | $21.6M | $13.4M | $5.2M | $2.9M | $2.9M | $8.3M | $238.0K | $10.0K | $8.2M |
| Net income | $185.0M | $43.5M | -$326.9M | -$930.5M | -$811.8M | -$1.26B | $373.2M | $340.3M | $344.8M | $175.9M |
| EPS, basic | 0.15 | 0.03 | -0.25 | -0.67 | -0.57 | -0.88 | 0.26 | 0.23 | 0.23 | 0.12 |
| EPS, diluted | 0.15 | 0.03 | -0.25 | -0.67 | -0.57 | -0.88 | 0.26 | 0.22 | 0.23 | 0.12 |
| Shares, diluted (wtd. avg.) | $1.20B | $1.30B | $1.31B | $1.39B | $1.43B | $1.43B | $1.44B | $1.52B | $1.50B | $1.53B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.02B | $1.15B | $1.44B | $1.99B | $1.65B | $1.76B | $1.43B | $1.52B | $1.48B | $1.74B |
| Short-term investments | — | — | — | — | — | $0 | $49.4M | $91.6M | $89.9M | — |
| Receivables | $126.4M | $144.2M | $91.6M | $56.0M | $54.5M | $129.6M | $284.3M | $242.1M | $176.5M | $225.4M |
| Inventory | $36.9M | $32.5M | $29.4M | $26.4M | $29.6M | $37.3M | $44.0M | $41.1M | $35.0M | $32.6M |
| Total current assets | $1.27B | $1.43B | $1.54B | $2.07B | $1.87B | $2.01B | $1.89B | $2.08B | $1.84B | $2.28B |
| Property, plant and equipment | $5.16B | $5.27B | $5.53B | $5.87B | $5.91B | $5.68B | $5.72B | $5.78B | $5.73B | $5.66B |
| Goodwill | $23.5M | $82.1M | $81.6M | $81.6M | $81.7M | $82.2M | $95.6M | $81.4M | $81.9M | $81.9M |
| Other intangibles | $270.9M | $288.7M | $304.7M | $43.6M | $51.5M | $58.8M | $31.6M | $197.5M | $256.1M | $313.3M |
| Total assets | $7.60B | $7.99B | $8.34B | $9.30B | $8.88B | $9.02B | $9.49B | $9.12B | $9.15B | $9.34B |
| Accounts payable | $25.9M | $24.8M | $11.8M | $6.7M | $6.0M | $9.5M | $21.9M | $25.0M | $16.0M | $17.4M |
| Short-term debt | $0 | $21.6M | $0 | $322.5M | $128.0K | $0 | $146.0K | $395.5M | $51.0M | $50.6M |
| Total current liabilities | $1.18B | $1.19B | $1.10B | $1.20B | $1.02B | $1.12B | $1.53B | $2.15B | $1.68B | $1.48B |
| Long-term debt | $6.75B | $7.14B | $7.47B | $8.09B | $6.56B | $5.65B | $4.39B | $3.67B | $3.51B | $3.67B |
| Total liabilities | $8.50B | $8.93B | $9.18B | $9.62B | $8.06B | $7.18B | $6.35B | $6.15B | $5.56B | — |
| Retained earnings | -$3.83B | -$4.01B | -$4.06B | -$3.73B | -$2.80B | -$1.99B | -$644.8M | -$717.0M | -$772.3M | $570.9M |
| Total equity | -$1.25B | -$1.33B | -$840.0M | -$314.4M | $819.9M | $1.84B | $3.14B | $2.97B | $3.59B | $3.82B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $818.1M | $626.7M | $622.7M | -$619.4M | -$268.8M | -$861.0M | $836.2M | $1.05B | $1.16B | $1.16B |
| Depreciation and amortisation | $486.5M | $487.3M | $482.6M | $454.2M | $487.1M | $526.3M | — | — | — | — |
| Stock-based compensation | $29.3M | $27.4M | $35.5M | $71.8M | $68.0M | $54.4M | $31.8M | $25.1M | $17.3M | $18.5M |
| Capital expenditure | $15.9M | $34.2M | $132.9M | $479.9M | $532.7M | $227.7M | $109.9M | $251.2M | $341.5M | — |
| Investing cash flow | -$341.8M | -$300.8M | -$48.5M | -$806.1M | -$674.6M | -$53.3M | -$1.03B | -$662.1M | -$404.0M | $3.0M |
| Financing cash flow | -$603.1M | -$478.3M | -$1.13B | $1.78B | $821.7M | $1.26B | $97.1M | -$340.5M | -$1.02B | -$1.34B |
| Dividends paid | $78.0K | $344.0K | $314.0K | $196.0K | $0 | $79.1M | $301.0M | $271.5M | $821.3M | $385.6M |
| Buybacks | — | — | — | — | — | — | — | — | $0 | $803.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-105023.
Others in SIC 7011
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MAR | MARRIOTT INTERNATIONAL INC /MD/ | $87.75B | 35.4x | 4.3% |
| HLT | Hilton Worldwide Holdings Inc. | $70.04B | 50.8x | 7.7% |
| LVS | LAS VEGAS SANDS CORP | $28.74B | 18.9x | 15.2% |
| H | Hyatt Hotels Corp | $15.64B | — | 6.8% |
| MGM | MGM Resorts International | $10.37B | 54.2x | 1.7% |
| WYNN | WYNN RESORTS LTD | $9.43B | 29.2x | 0.1% |
| CZR | Caesars Entertainment, Inc. | $6.05B | — | 2.1% |
| BYD | BOYD GAMING CORP | $5.67B | 3.5x | 4.1% |