Wynn resorts, limited (WYNN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net income (loss)

311,378

803,084

889,254

302,469

281,524

962,644

1,004,157

728,699

825,113

316,596

39,107

210,479

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

624,878

550,596

552,368

404,730

322,629

314,119

371,051

373,199

398,039

405,558

410,547

263,213

Deferred income taxes

174,190

-498,654

-310,854

6,356

6,498

-8,086

-19,826

-3,655

-10,822

18,875

-656

-63,460

Stock-based compensation expense

40,372

35,040

43,971

43,722

38,475

39,196

39,537

19,648

23,881

27,168

24,336

20,328

Amortization of debt issuance costs

29,000

36,900

25,000

24,326

19,785

36,649

21,453

23,965

19,683

24,342

26,160

21,951

Loss on extinguishment of debt

12,437

4,391

55,360

0

126,004

9,569

40,435

25,151

-

62,608

-18,734

-22,347

Provision for credit losses

21,898

6,527

-6,711

8,203

11,115

3,906

11,877

18,091

33,778

28,304

13,707

49,405

Equity in income of unconsolidated affiliates, net of distributions

-

-

-

-

-1,615

95

-122

-106

144

130

-594

-804

Change in derivatives fair value

-3,228

-4,520

-1,056

433

-5,300

-4,393

14,235

991

14,151

-880

-2,258

-31,485

Change in Redemption Note fair value

0

-69,331

-59,700

65,043

52,041

0

0

-

-

-

-

-

Property charges and other

5,122

56,974

44,004

42,670

9,664

10,466

6,950

36,714

104,223

10,270

28,458

32,584

Excess tax benefits from stock-based compensation

-

-

-

742

792

9,339

12,332

5,253

11,052

9,833

44,909

-

Increase (decrease) in cash from changes in:
Receivables, net

86,712

59,157

-829

39,272

-47,011

-38

14,875

21,019

84,653

63,073

41,416

-4,621

Inventories, prepaid expenses and other

37,907

5,212

4,372

36,642

23,613

6,917

17,749

-3,644

-11,168

-22,169

-3,265

49,417

Customer deposits

-134,858

-92,395

456,005

163,217

-112,748

-155,399

159,850

-31,362

-

-

-

-

Accounts payable and accrued expenses

-61,910

49,527

70,954

116,985

-107,613

-102,827

100,227

18,781

220,772

213,578

151,239

23,537

Net cash (used in) provided by operating activities

901,070

961,489

1,876,577

970,546

572,813

1,098,317

1,676,642

1,185,718

1,515,835

1,057,312

593,956

523,183

Cash flows from investing activities:
Capital expenditures, net of construction payables and retention

1,063,293

1,475,972

935,474

1,225,943

1,921,240

1,221,357

514,802

240,985

184,146

283,828

540,929

1,333,182

Purchase of intangible and other assets

6,000

126,414

13,571

14,985

3,912

124,583

5,945

-

-

-

-

-

Proceeds from the sale or maturity of investment securities

0

359,461

200,366

144,829

247,723

200,090

146,112

216,051

101,017

-

-

-

Purchase of investment securities

0

34,098

229,328

196,750

253,284

200,258

222,856

183,445

316,533

-

-

-

Deposits and purchase of other assets

-

-

-

-

-

-

-

38,042

60,135

13,034

11,258

43,589

Restricted cash

-

-

-

-

-

-198,943

100,709

99,163

-

-

-

-31,052

Proceeds from sale of assets and other

695

54,213

20,374

3,872

37,254

32,813

20,620

730

697

-

-

-

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

-

739

1,107

6,720

Net cash used in investing activities

-1,068,598

-1,222,810

-957,633

-1,288,250

-1,891,558

-1,114,352

-677,580

-344,854

-459,100

-296,123

-551,080

-1,338,999

Cash flows from financing activities:
Proceeds from issuance of long-term debt

3,893,778

2,788,925

2,429,988

1,430,313

5,290,747

958,008

1,297,870

1,648,643

150,483

2,246,361

1,151,781

1,379,968

Repayments of long-term debt

2,930,015

3,032,267

2,959,843

400,707

3,342,106

199,739

501,400

1,022,847

201,901

2,551,561

1,799,040

600,260

Proceeds from note receivable from sale of ownership interest in subsidiary

0

75,000

180,000

727

1,901

0

0

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

0

915,240

0

0

-

-

-

-

-

-

202,145

344,250

Repurchase of first mortgage notes

-

-

-

-

-

-

-

0

-

-

-

-

Restricted cash

-

-

-

-

-1,083

0

0

-

-

-

-

-

Repurchase of Wynn Las Vegas First Mortgage Notes

-

-

-

-

-

-

-

-

-

-

50,048

-

Cash restricted for stock repurchases

-

-

-

-

-

-

-

-

-

-

-

500,068

Repurchase of common stock

66,986

159,544

17,771

14,017

7,199

2,062

15,472

911

7,629

-

-

940,130

Finance lease payment

73

0

0

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

14,696

21,971

62,209

3,487

3,026

11,859

20,436

15,583

23,859

66,186

6,347

2,782

Incometaxespaidfromsaleofownershipinterestinsubsidiary

0

0

25,176

0

0

-

-

-

-

-

-

-

Shares of subsidiary repurchased for share award plan

5,384

6,232

392

7,580

4,391

2,081

0

0

-

-

-

-

Proceeds from Wynn Macau, Ltd IPO

-

-

-

-

-

-

-

-

-

-

1,869,653

-

Dividends paid

566,521

569,781

320,760

325,217

499,107

942,928

1,034,986

955,493

1,033,447

1,192,138

489,876

-

Distribution to noncontrolling interest

7,745

305,372

11,436

33

0

0

-

-

-

-

-

-

Sale of ownership interest in subsidiaries

-

-

-

217,000

0

0

-

-

-

-

-

-

Income taxes paid from sale of ownership interest in subsidiary

0

0

25,176

0

-

-

-

-

-

-

-

-

Payment to acquire derivatives

0

3,900

0

0

-

-

-

2,368

-

-

-

-

Payments for financing costs

32,738

48,297

91,174

5,381

193,588

38,683

42,006

56,890

58

71,317

104,730

7,055

Interest rate swap transactions

-

-

-

-

-

-

-

-

-

-

9,561

6,300

Payments on long-term land concession obligation

-

-

-

-15,978

-30,833

-29,338

-27,917

-13,449

-

-

-6,065

-5,751

Excess tax benefits from stock-based compensation

-

-

-

742

792

9,339

12,332

5,253

11,052

9,833

44,909

-

Net cash provided by (used in) financing activities

299,012

-324,257

-754,355

882,629

1,216,258

-235,625

-291,143

-382,479

-1,057,641

-1,492,636

815,515

667,572

Effect of exchange rate on cash, cash equivalents and restricted cash

7,485

-1,733

-3,900

-1,129

412

-1,217

1,903

4,247

4,994

-1,884

-465

7,028

Decrease in cash, cash equivalents and restricted cash

138,969

-587,311

160,689

563,796

-102,075

-252,877

709,822

462,632

4,088

-733,331

857,926

-141,216

Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized

373,052

378,023

367,074

265,076

291,313

295,041

284,849

225,499

221,123

171,663

209,093

232,019

Increase in debt related to the redemption of stock

-

-

-

-

-

-

-

1,936,443

-

-

-

-

Capitalized stock-based compensation

350

11

80

92

350

5,710

195

195

-

-

-

580

(Income tax refunds received) cash paid for income taxes

-16,811

1,885

37,089

2,040

2,873

3,041

2,518

4,547

2,088

1,019

2,894

695

Property and equipment acquired under capital lease

1,413

0

16,593

0

0

-

-

-

-

-

-

-

Liability settled with shares of common stock

15,134

1,800

19,225

0

0

-

-

-

-

-

-

-

Other liabilities related to intangible assets

13,945

0

0

-

-

-

-

-

-

-

-

-

Financing costs included in accounts payable and other liabilities

1,857

0

0

-

-

-

-

-

-

-

-

-

Dividends payable on unvested restricted stock included in other accrued liabilities

6,690

4,375

3,220

-11,291

777

2,497

-5,864

866

1,003

6,703

3,556

-

Accounts and construction payables related to property and equipment

-

-

-

-34,049

13,031

132,079

67,650

6,557

13,794

-27,670

-181,366

83,683

Note receivable acquired from sale of ownership interest in subsidiary

-

-

-

72,464

0

0

-

-

-

-

-

-

Increase in liability for dividends declared on nonvested stock

-

-

-

-

-

-

-

866

1,003

6,703

3,556

-