Wynn resorts, limited (WYNN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

-450,253

-17,470

26,883

142,234

159,731

515,510

219,772

205,280

-137,478

543,964

105,970

106,795

132,525

126,566

-19,331

89,442

105,792

104,794

113,429

77,203

-13,902

148,193

253,006

258,402

303,043

290,486

248,811

192,716

272,144

165,826

165,171

199,293

198,409

258,262

185,185

155,331

226,335

171,874

-2,054

88,917

57,859

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

178,746

175,054

172,998

140,269

136,557

138,911

137,458

137,870

136,357

136,880

137,982

137,686

139,820

140,543

106,467

79,749

77,971

77,201

80,649

81,913

82,866

80,082

79,027

78,351

76,659

91,990

93,325

93,218

92,518

93,057

94,274

93,463

92,405

94,118

100,522

102,052

101,347

100,299

99,341

101,353

104,565

Deferred income taxes

74,860

157,352

19,326

-2,412

-76

-375,138

-3,748

-9,595

-110,173

-331,684

16,250

2,410

2,170

6,451

-99

-3,393

3,397

-16,859

8,106

12,630

2,621

-7,624

-1,969

-76

1,583

-5,963

-8,105

272

-6,030

12,159

-8,405

-4,959

-2,450

-20,903

3,250

5,014

1,817

3,593

8,784

1,703

4,795

Stock-based compensation expense

9,364

9,928

10,276

9,830

10,338

6,278

11,832

9,626

7,304

14,681

10,503

10,580

8,207

14,362

8,278

10,454

10,628

8,151

9,256

10,372

10,696

16,482

10,369

8,424

3,921

4,465

5,204

28,746

1,122

5,944

5,850

5,206

2,648

5,563

5,642

5,931

6,745

6,447

6,755

7,039

6,927

Amortization of debt issuance costs

6,944

6,829

7,309

7,268

7,594

11,659

7,632

8,248

9,361

6,458

6,197

6,145

6,200

6,210

6,233

5,775

6,108

7,208

1,329

4,733

6,515

16,224

8,616

5,361

6,448

8,141

5,206

3,486

4,620

5,131

6,124

5,823

6,887

4,667

5,515

6,156

3,345

5,046

7,305

6,282

5,709

Loss on extinguishment of debt

843

241

12,196

0

0

2,027

198

0

2,166

12,299

20,774

22,287

0

-

-

-

-

0

5,971

3,839

116,194

2,213

3,573

2,254

1,529

13,857

0

26,578

0

12,035

17,944

0

-4,828

-

-

-

-

-

-

-

-

Provision for credit losses

20,613

8,859

4,036

3,581

5,422

3,941

3,285

-1,390

691

-2,118

1,656

-2,083

-4,166

7,387

-2,368

2,478

706

-2,151

2,885

4,302

6,079

4,649

4,695

-2,710

-2,728

4,773

11,325

-11,225

7,004

12,023

5,283

-17,279

18,064

15,509

4,324

3,784

10,161

13,575

859

6,852

7,018

Equity in income of unconsolidated affiliates, net of distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-844

-2

-966

197

176

-27

34

-88

206

-163

391

-556

176

-108

-113

-61

229

-51

264

-298

184

37

115

-206

Change in derivatives fair value

-15,660

3,686

-2,101

-3,304

-1,509

-4,466

-54

0

0

0

-2

-283

-771

2,126

1,168

-1,036

-1,825

1,710

-1,287

-1,114

-4,609

-2,942

2,360

-4,653

842

1,104

-3,525

13,512

3,144

-3,939

0

2,646

2,284

2,668

4,118

3,135

4,230

4,749

-352

-1,675

-3,602

Change in Redemption Note fair value

-

-

-

-

-

0

0

0

-69,331

10,282

-41,718

-12,417

-15,847

84,282

-22,218

7,982

-5,003

4,553

47,488

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property charges and other

16,894

-16,116

16,731

-4,626

9,133

26,510

4,895

8,956

16,613

-8,679

27,274

17,569

7,840

23,666

2,714

13,520

2,770

5,966

986

512

2,200

-3,235

1,654

2,094

9,953

2,853

2,370

-1,330

3,057

1,665

22,073

3,470

9,506

7,073

9,620

84,182

3,348

2,845

2,578

2,966

1,881

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

631

66

35

10

243

78

136

335

2,814

74

4,027

2,424

1,686

755

8,659

1,232

3,615

579

570

489

721

2,777

6,563

991

4,847

3,291

1,377

318

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

56,284

63,666

-2,919

37,053

-11,088

48,119

5,398

471

5,169

-2,027

29,867

8,374

-37,043

48,735

7,648

-18,414

1,303

-26,895

-60,430

-18,518

58,832

36,083

-7,628

-14,552

-13,941

30,453

20,516

-48,225

12,131

37,915

2,870

-21,807

2,041

63,405

13,978

-2,294

9,564

59,813

-15,486

6,698

12,048

Inventories, prepaid expenses and other

-5,135

20,527

-25,638

29,079

13,939

6,357

-3,481

-5,156

7,492

-15,215

18,673

1,596

-682

-459

17,762

5,530

13,809

24,803

3,951

-6,295

1,154

2,587

1,499

4,296

-1,465

6,133

2,615

1,097

7,904

1,572

-2,216

-4,370

1,370

-870

-1,301

-5,966

-3,031

-7,258

-2,377

-10,692

-1,842

Customer deposits

71,736

-137,213

62,265

-22,512

-37,398

120,064

-5,730

-197,595

-9,134

167,099

107,794

46,094

135,018

70,273

108,407

-8,575

-6,888

13,260

-84,251

2,508

-44,265

-87,849

21,582

104,116

-193,248

-45,872

5,888

111,253

88,581

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-70,758

21,646

-92,237

34,782

-26,101

63,831

70,856

-59,137

-26,023

53,199

46,373

38,755

-67,373

29,560

105,022

59,220

-76,817

33,305

10,616

-23,426

-128,108

-6,228

11,760

-98,193

-10,166

70,160

26,702

21,656

-18,291

-40,657

30,881

14,241

14,316

68,647

23,517

147,071

-18,463

154,835

37,480

62,205

-40,942

Net cash (used in) provided by operating activities

-176,500

121,185

270,441

245,586

263,858

463,600

444,587

106,948

-53,646

599,072

473,953

388,968

414,584

289,703

310,897

254,573

115,373

227,305

159,178

201,343

-15,013

124,189

396,035

368,871

209,222

395,308

370,528

489,936

420,870

196,482

328,414

322,332

338,490

366,783

318,054

507,819

323,179

396,179

238,543

281,494

141,096

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

139,316

184,958

242,333

325,723

310,279

321,717

312,331

327,388

514,536

285,192

257,707

246,943

145,632

271,234

405,811

275,736

273,162

495,297

458,100

448,199

519,644

514,274

291,500

237,533

178,050

189,974

135,106

130,925

58,797

72,670

52,974

79,848

35,493

98,342

34,526

18,931

32,347

54,251

41,014

99,304

89,259

Purchase of intangible and other assets

0

-

5,000

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale or maturity of investment securities

-

-

-

-

-

0

131,793

0

227,668

28,991

49,678

40,740

80,957

71,253

38,026

30,800

4,750

65,620

41,312

52,637

88,154

74,767

31,372

48,956

44,995

32,766

35,618

14,653

63,075

97,883

58,160

28,044

31,964

-

-

-

-

-

-

-

-

Purchase of investment securities

-

-

-

-

-

0

0

2,058

32,040

38,181

57,686

55,947

77,514

70,115

39,046

82,598

4,991

70,684

44,689

48,013

89,898

75,500

32,219

45,904

46,635

32,379

64,421

103,175

22,881

-114,336

176,373

114,177

7,231

-

-

-

-

-

-

-

-

Purchase of investment securities

-

-

-

-

-

-

-

-

89,298

-

247

12,697

464

-

4,023

6,899

1,194

-

30

2,419

1,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits and purchase of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,384

37,688

5,172

-

1,860

90

6,419

34,289

185

2,003

1,565

25,287

13,489

16,915

4,444

1,612

2,045

8,983

394

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

986

-124

0

-199,805

112

199,766

-59,596

-39,573

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets and other

2,162

103

151

37

404

51,826

974

1,320

93

71

89

16

20,198

-57

1,397

1,383

1,149

33,068

81

3,092

1,013

28,470

1,305

43

2,995

273

63

20,006

278

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

-

216

41

53

102

64

377

196

Net cash used in investing activities

-137,154

-184,855

-247,182

-325,686

-310,875

-293,917

-180,475

-340,305

-408,113

-294,474

-265,873

-274,831

-122,455

-273,022

-409,457

-333,050

-272,721

-465,633

-461,426

-442,902

-521,597

-548,862

-311,302

-272,126

17,938

-187,002

-365,472

-139,935

14,829

6,276

-171,155

-167,948

-12,027

-94,842

-119,726

-207,794

-36,738

-55,761

-42,995

-107,910

-89,457

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

1,469,028

1,344,706

2,224,318

74,754

250,000

500,320

615,000

0

1,673,605

0

1,399,932

1,030,056

0

924,829

199,688

55,131

250,665

501,373

2,577,627

150,688

2,061,059

132,531

69,248

0

756,229

600,028

197,842

500,000

0

45

748,598

0

900,000

-

-

-

-

-

-

-

-

Repayments of long-term debt

515,194

486,648

1,839,510

103,354

500,503

1,741

1,740

1,051,741

1,977,045

543,524

1,056,358

1,028,802

331,159

160,321

240,386

0

0

181

1,848,414

71,137

1,422,374

130,289

68,750

350

350

225,645

350

275,055

350

739

424,673

38,557

558,878

37,991

41,906

21,024

100,980

480,630

1,677,990

106,075

286,866

Proceeds from note receivable from sale of ownership interest in subsidiary

-

-

-

-

-

0

0

0

75,000

180,000

0

0

0

0

0

0

727

1,901

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of first mortgage notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

12,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-200,000

5,539

-6,329

-219

86,289

76,718

-163,871

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

5,527

1,281

30,073

30,231

5,401

156,739

2,306

0

499

9,282

0

0

8,489

7,726

0

0

6,291

287

0

0

6,912

0

101

535

1,426

1,520

90

11,401

2,461

0

64

492

355

-

-

-

-

-

-

-

-

Finance lease payment

37

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

70

0

2,151

8,481

4,064

1,658

9,741

5,744

4,828

13,556

22,106

26,547

0

-

-

-

-

2,052

363

27

584

5,374

98

4,670

1,717

2,891

2,408

14,177

960

14,356

315

326

586

2,830

2,866

15,909

2,254

34,705

21,270

9,389

822

Shares of subsidiary repurchased for share award plan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

6,554

1,025

2,899

111

692

689

2,081

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

107,426

106,382

189,649

189,717

80,773

219,087

80,673

218,565

51,456

50,669

90,523

128,234

51,334

61,537

50,891

162,218

50,571

51,603

50,579

50,113

346,812

252,555

256,042

307,925

126,406

403,288

193,450

336,539

101,709

801,434

53,200

50,492

50,367

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest

998

4,020

998

2,727

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for financing costs

1,919

10,379

11,871

-8

10,496

14,510

4,307

-2,200

31,680

20,678

30,188

40,308

0

41

2,079

1,624

1,637

14,682

51,317

2,835

124,754

25,490

3,146

2,656

7,391

17,415

219

24,372

0

12,399

33,223

603

10,665

0

0

0

58

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

631

66

35

10

243

78

136

335

2,814

74

4,027

2,424

1,686

755

8,659

1,232

3,615

579

570

489

721

2,777

6,563

991

4,847

3,291

1,377

318

Net cash provided by (used in) financing activities

837,997

730,575

154,332

-242,786

-343,109

99,463

234,528

-351,001

-307,247

-436,224

241,302

-168,451

-390,982

1,117,069

-293,603

-125,659

184,822

418,188

713,934

87,570

-3,434

-284,545

-226,623

-337,254

612,797

185,643

6,895

-381,353

-102,328

-810,005

238,332

-91,616

280,810

-790,506

-106,958

-62,384

-97,793

-1,002,794

-133,422

-70,694

-285,726

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

3,266

9,095

-1,666

2,460

-2,404

-2,823

5,387

-348

-3,949

-440

483

-3,152

-791

-673

648

-794

-310

20

303

301

-212

504

-2,343

1,999

-1,377

-63

975

2,876

-1,885

1,529

2,157

-649

1,210

5,128

-335

516

-315

-1,463

1,790

-1,483

-728

Decrease in cash, cash equivalents and restricted cash

527,609

676,000

175,925

-320,426

-392,530

266,323

504,027

-584,706

-772,955

-132,066

449,865

-57,466

-99,644

1,133,077

-391,515

-204,930

27,164

179,880

411,989

-153,688

-540,256

-708,714

-144,233

-238,510

838,580

393,886

12,926

-28,476

331,486

-605,718

397,748

62,119

608,483

-513,437

91,035

238,157

188,333

-663,839

63,916

101,407

-234,815

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

88,438

107,179

95,814

98,716

71,343

101,034

70,638

94,733

111,618

65,274

90,450

75,932

135,418

65,688

77,759

40,146

81,483

44,063

80,785

49,160

117,305

59,716

72,807

45,820

116,698

40,374

80,477

42,612

121,386

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized stock-based compensation

-

-

-

-

-

5

-3

9

0

24

24

30

2

18

23

27

24

155

69

60

66

65

61

49

5,535

50

49

48

48

-

-

-

-

-

-

-

-

-

-

-

-

Liability settled with shares of common stock

6,720

0

0

0

15,134

-

-

-

-

0

0

0

19,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts and construction payables related to property and equipment

-

-

-

-

-

-

-

-10,144

179,037

-

-40,349

-35,922

40,896

-120,729

183,538

-47,505

-49,353

-25,911

29,856

32,404

-23,318

71,644

35,557

20,673

4,205

30,366

12,451

-2,717

27,550

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable on unvested restricted stock included in other accrued liabilities

-

-

-

-

-

-

-

264

2,455

-

-562

704

-569

-

608

-290

278

-

154

621

837

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable to noncontrolling interests

-

-

-

-

-

-

-

-

138,337

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-