WYNN RESORTS, LIMITED WYNN Income Statement

Wynn resorts, limited (WYNN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating revenues:
Gross revenues
-	-	-	-	4,418	5,822	5,988	5,520	5,625	4,487	3,309	3,217
Less: promotional allowances
-	-	-	-	342	389	367	366	355	303	263	230
Total operating revenues
6,611	6,717	6,070	4,345	4,075	5,433	5,620	5,154	5,269	4,184	3,045	2,987
Operating expenses:
General and administrative
896	761	685	548	464	492	448	441	389	391	365	319
Provision for credit losses
21	6	-6	8	11	3	11	18	33	28	13	49
Pre-opening
102	53	26	154	77	30	3	0	0	9	1	72
Depreciation and amortization
624	550	552	404	322	314	371	373	398	405	410	263
Property charges and other
20	60	29	54	10	10	17	39	130	25	28	32
Total operating expenses
5,732	5,982	5,014	3,824	3,417	4,167	4,330	4,125	4,261	3,559	2,810	2,675
Operating income (loss)
878	735	1,055	521	658	1,266	1,290	1,029	1,008	625	234	312
Other income (expense):
Interest income
24	29	31	13	7	20	15	12	7	2	1	21
Interest expense, net of amounts capitalized
414	381	388	289	300	315	299	288	229	222	211	172
Change in derivatives fair value
-3	-4	-1	0	-5	-4	14	0	14	-0	-2	-31
Change in Redemption Note fair value
0	-69	-59	65	52	0	0	-	-	-	-	-
Loss on extinguishment of debt
-12	0	-55	0	126	9	40	25	-	-67	18	22
Equity in income from unconsolidated affiliates
-	-	-	-	1	1	1	1	1	0	0	1
Other
15	-4	-21	-0	1	-0	4	3	3	0	0	-4
Other income (expense), net
-390	-429	-495	-211	-369	-307	-303	-296	-202	-288	-192	-163
Income (loss) before income taxes
488	305	560	310	289	958	986	732	805	337	42	148
Provision for income taxes
176	-497	-328	8	7	-3	-17	4	-19	20	2	-61
Net income (loss)
311	803	889	302	281	962	1,004	728	825	316	39	210
Less: net (income) loss attributable to noncontrolling interests
188	230	142	60	86	231	275	226	211	156	18	-
Net income (loss) attributable to Wynn Resorts, Limited
122	572	747	241	195	731	728	502	613	160	20	210
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)
1.15	5.37	7.32	2.39	1.93	7.25	7.25	4.87	4.94	1.30	0.17	1.94
Diluted (in usd per share)
1.15	5.35	7.28	2.38	1.92	7.18	7.17	4.82	4.88	1.29	0.17	1.92
Weighted average common shares outstanding:
Basic (in shares)
106	106	102	101	101	100	100	103	124	122	119	108
Diluted (in shares)
106	107	102	101	101	101	101	104	125	123	120	109
Dividends declared per common share (usd per share)
-	-	-	-	-	-	-	-	-	8.50	4.00	-
Casino
Total operating revenues
4,573	4,784	4,244	2,750	2,932	4,274	4,490	4,034	4,190	3,245	2,206	2,261
Cost of goods and services sold
2,924	3,036	2,718	1,768	1,862	2,667	2,846	2,626	2,686	2,100	1,460	1,490
Rooms
Total operating revenues
804	751	670	595	538	542	492	479	472	400	377	326
Cost of goods and services sold
276	254	244	206	149	148	133	126	125	122	111	78
Food and beverage
Total operating revenues
818	754	732	635	597	604	586	588	547	488	436	358
Cost of goods and services sold
696	611	567	499	361	337	323	308	283	272	252	207
Entertainment, retail and other
Total operating revenues
414	426	422	363	350	401	418	417	414	354	288	270
Cost of goods and services sold
170	183	196	179	157	163	175	189	214	204	166	161