Melco Resorts & Entertainment Ltd ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Melco Resorts & Entertainment Ltd ADR reported revenue of $5.2B (+11.3% year on year) and net income of $185.0M (+325.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating revenues | $5.2B | $4.6B | $3.8B | $1.3B |
| Cost of revenue | ($3.2B) | ($3.0B) | ($2.4B) | ($1.1B) |
| General and administrative | ($657.4M) | ($568.7M) | ($488.1M) | ($423.2M) |
| Payments to the Philippine Parties | ($37.2M) | ($41.9M) | ($42.5M) | ($28.9M) |
| Pre-opening costs | ($50.6M) | ($20.9M) | ($44.0M) | ($15.6M) |
| Development costs | ($7.6M) | ($5.4M) | ($1.2M) | $0 |
| Amortization of land use rights | ($20.0M) | ($20.0M) | ($22.7M) | ($22.7M) |
| Depreciation and amortization | ($523.6M) | ($521.6M) | ($520.7M) | ($466.5M) |
| Property charges and other | ($39.5M) | ($13.2M) | ($228.4M) | ($40.0M) |
| Total operating costs and expenses | ($4.6B) | ($4.2B) | ($3.7B) | ($2.1B) |
| Operating income | $600.4M | $484.6M | $65.0M | ($743.1M) |
| Interest income | $8.5M | $15.8M | $23.3M | $26.5M |
| Interest expense, net of amounts capitalized | ($464.9M) | ($486.7M) | ($492.4M) | — |
| Other financing costs | ($6.7M) | ($7.4M) | ($4.4M) | ($6.4M) |
| Foreign exchange gains (losses), net | $8.7M | ($15.5M) | $2.2M | $3.9M |
| Other income, net | $3.0M | $3.8M | $2.7M | $3.9M |
| (Loss) gain on extinguishment of debt | ($756.0K) | ($1.0M) | $1.6M | $0 |
| Total non-operating expenses, net | ($452.1M) | ($491.0M) | ($466.9M) | ($348.8M) |
| Income (loss) before income tax | $148.3M | ($6.3M) | ($401.9M) | ($1.1B) |
| Income tax expense | ($2.8M) | ($21.6M) | ($13.4M) | ($5.2M) |
| Net income (loss) | $145.5M | ($28.0M) | ($415.3M) | ($1.1B) |
| Net loss attributable to noncontrolling interests | $39.6M | $71.5M | $88.4M | $166.6M |
| Net income (loss) attributable to Melco Resorts & Entertainment Limited | $185.0M | $43.5M | ($326.9M) | ($930.5M) |
| Basic | $0.15 | $0.03 | -$0.25 | -$0.67 |
| Diluted | $0.15 | $0.03 | -$0.25 | -$0.67 |
| Basic | 1.2B | 1.3B | 1.3B | 1.4B |
| Diluted | 1.2B | 1.3B | 1.3B | 1.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $1.1B | $1.3B | $1.8B |
| Restricted cash | $0 | $368.0K | $27.0K | $51.0M |
| Accounts receivable, net of allowances for credit losses of $118,938 and $128,010 | $126.4M | $144.2M | $91.6M | $56.0M |
| Receivables from affiliated companies | $887.0K | $2.4M | $797.0K | $630.0K |
| Inventories | $36.9M | $32.5M | $29.4M | $26.4M |
| Prepaid expenses and other current assets | $81.8M | $102.5M | $111.7M | $119.4M |
| Total current assets | $1.3B | $1.4B | $1.5B | $2.1B |
| Property and equipment, net | $5.2B | $5.3B | $5.5B | $5.9B |
| Intangible assets, net | $270.9M | $288.7M | $304.7M | $43.6M |
| Goodwill | $23.5M | $82.1M | $81.6M | $81.6M |
| Long-term prepayments, deposits and other assets, net of allowances for credit losses of nil and $2,391 | $129.4M | $131.8M | $100.3M | $159.7M |
| Restricted cash | $125.2M | $125.5M | $125.1M | $124.7M |
| Operating lease right-of-use assets | $76.9M | $89.2M | $62.4M | $58.7M |
| Land use rights, net | $545.1M | $566.4M | $582.8M | $670.9M |
| Total assets | $7.6B | $8.0B | $8.3B | $9.3B |
| Accounts payable | $25.9M | $24.8M | $11.8M | $6.7M |
| Accrued expenses and other current liabilities | $1.1B | $1.1B | $1.0B | $809.3M |
| Income tax payable | $29.2M | $38.0M | $28.2M | $11.6M |
| Operating lease liabilities, current | $19.0M | $18.6M | $19.7M | $12.8M |
| Finance lease liabilities, current | $33.3M | $33.8M | $35.3M | $35.0M |
| Current portion of long-term debt, net | $0 | $21.6M | $0 | $322.5M |
| Payables to affiliated companies | $719.0K | $39.0K | $377.0K | $761.0K |
| Total current liabilities | $1.2B | $1.2B | $1.1B | $1.2B |
| Long-term debt, net | $6.7B | $7.1B | $7.5B | $8.1B |
| Other long-term liabilities | $309.8M | $315.3M | $322.6M | $33.7M |
| Deferred tax liabilities, net | $34.6M | $36.7M | $35.0M | $39.7M |
| Operating lease liabilities, non-current | $76.1M | $80.7M | $53.9M | $55.8M |
| Finance lease liabilities, non-current | $148.6M | $165.9M | $187.5M | $198.3M |
| Total liabilities | $8.5B | $8.9B | $9.2B | $9.6B |
| Ordinary shares, par value $0.01; 7,300,000,000 shares authorized; 1,351,540,382 and 1,351,540,382 shares issued; 1,172,055,466 and 1,259,138,299 shares outstanding, respectively | 13.5M | 13.5M | 14.0M | 14.5M |
| Treasury shares, at cost; 179,484,916 and 92,402,083 shares, respectively | -356.8M | — | — | — |
| Additional paid-in capital | $3.0B | $3.0B | $3.1B | $3.2B |
| Accumulated other comprehensive losses | ($63.7M) | ($95.8M) | ($98.6M) | ($112.0M) |
| Accumulated losses | ($3.8B) | ($4.0B) | ($4.1B) | ($3.7B) |
| Total Melco Resorts & Entertainment Limited shareholders' deficit | ($1.2B) | ($1.3B) | ($1.3B) | ($850.3M) |
| Noncontrolling interests | $343.0M | $386.5M | $447.2M | $536.0M |
| Total deficit | ($903.6M) | ($940.0M) | ($840.0M) | ($314.4M) |
| Total liabilities and deficit | $7.6B | $8.0B | $8.3B | $9.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $145.5M | ($28.0M) | ($415.3M) | ($1.1B) |
| Depreciation and amortization | $543.6M | $541.5M | $543.4M | $521.9M |
| Amortization of deferred financing costs and original issue premiums | $20.3M | $20.8M | $19.5M | $17.1M |
| Net reversal of interest accretion on lease and other financial liabilities | ($13.5M) | ($11.8M) | — | — |
| Net loss on disposal of property and equipment | $2.3M | $1.6M | $443.0K | $476.0K |
| Impairment of long-lived assets | $4.1M | $3.3M | $207.6M | — |
| Impairment of goodwill | $57.9M | — | — | $0 |
| Net gain on disposal of assets held for sale | $0 | $0 | ($4.5M) | $477.0K |
| Provision for (reversal of) credit losses | $12.5M | $2.9M | ($3.4M) | ($433.0K) |
| Provision for input value-added tax | $5.8M | $5.9M | $6.7M | $5.7M |
| Loss (gain) on extinguishment of debt | $756.0K | $1.0M | ($1.6M) | $0 |
| Share-based compensation | $29.3M | $27.4M | $35.5M | $71.8M |
| Change in fair value of derivative asset/liability | $2.9M | — | — | — |
| Other | $414.0K | ($3.1M) | — | — |
| Accounts receivable | $5.0M | ($53.9M) | ($31.5M) | ($396.0K) |
| Inventories, prepaid expenses and other | $20.5M | $5.1M | $20.2M | $4.2M |
| Long-term prepayments, deposits and other | ($6.6M) | $28.3M | $16.6M | ($16.4M) |
| Accounts payable, accrued expenses and other | ($16.9M) | $82.0M | $212.4M | ($121.3M) |
| Other long-term liabilities | $4.3M | $3.6M | $24.9M | $1.1M |
| Net cash provided by operating activities | $818.1M | $626.7M | $622.7M | ($619.4M) |
| Acquisition of property and equipment | ($307.2M) | ($227.8M) | ($124.1M) | ($129.7M) |
| Acquisition of intangible and other assets | ($18.9M) | ($39.2M) | ($6.9M) | ($12.5M) |
| Payments for capitalized construction costs | ($15.9M) | ($34.2M) | ($132.9M) | ($479.9M) |
| Proceeds from sale of property and equipment | $205.0K | $374.0K | $530.0K | $423.0K |
| Proceeds from sale of assets held for sale | $0 | $0 | $14.8M | $15.6M |
| Proceeds from loan repayment from an affiliated company | $0 | $0 | $200.0M | — |
| Net cash used in investing activities | ($341.8M) | ($300.8M) | ($48.5M) | ($806.1M) |
| Repayments of long-term debt | ($2.1B) | ($1.2B) | ($2.2B) | $0 |
| Repurchase of shares | -166.0M | -112.3M | -169.8M | -189.2M |
| Payments of intangible assets liabilities | ($9.5M) | ($8.7M) | — | — |
| Payments of financing costs | ($5.0M) | ($37.0M) | ($530.0K) | ($8.0M) |
| Dividends paid | ($78.0K) | ($344.0K) | ($314.0K) | ($196.0K) |
| Proceeds from exercise of share options | $682.0K | $0 | $226.0K | $0 |
| Proceeds from long-term debt | $1.7B | $850.3M | $1.3B | $1.8B |
| Purchase of shares of a subsidiary | 0 | -743.0K | -671.0K | -3.3M |
| Net cash used in financing activities | ($603.1M) | ($478.3M) | ($1.1B) | $1.8B |
| Effect of exchange rate on cash, cash equivalents and restricted cash | $2.1M | ($10.3M) | $2.3M | ($22.6M) |
| Decrease in cash, cash equivalents and restricted cash | ($124.6M) | ($162.8M) | ($552.6M) | $335.1M |
| Cash, cash equivalents and restricted cash at beginning of year | $1.3B | $1.4B | $2.0B | $1.7B |
| Cash, cash equivalents and restricted cash at end of year | $1.1B | $1.3B | $1.4B | $2.0B |
| Cash paid for interest, net of amounts capitalized | ($460.6M) | ($473.2M) | ($490.9M) | ($350.7M) |
| Cash paid for income taxes, net of refunds | ($13.7M) | ($10.1M) | ($1.0M) | ($3.0M) |
| Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases | ($18.6M) | ($20.8M) | ($17.1M) | ($15.4M) |
| Repayments of long-term debt to related parties | ($2.6M) | ($30.7M) | — | — |
| Change in operating lease liabilities arising from obtaining operating lease right-of-use assets and lease modifications | $5.4M | $37.6M | $22.4M | $9.4M |
Melco Resorts & Entertainment Ltd ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.