WYNN RESORTS, LIMITED WYNN Income Statement

Wynn resorts, limited (WYNN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating revenues:
Gross revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,451	4,330	4,314	4,418	4,624	5,012	5,396	5,822	6,202	6,219	6,131	5,988	5,754	5,658	5,580	5,520	5,573	5,571	5,683	5,625	5,512	5,206	4,858	4,487	4,002	3,704	0	0	0
Less: promotional allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	338	331	333	342	357	372	383	389	386	383	375	367	363	359	361	366	364	363	360	355	349	335	322	303	281	266	0	0	0
Total operating revenues
5,913	6,611	6,645	6,706	6,653	6,717	6,652	6,494	6,361	6,070	5,627	5,186	4,771	4,345	4,112	3,999	3,981	4,075	4,266	4,640	5,012	5,433	5,815	5,835	5,755	5,620	5,390	5,298	5,219	5,154	5,209	5,208	5,323	5,269	5,163	4,870	4,536	4,184	3,720	3,437	0	0	0
Operating expenses:
General and administrative
913	896	881	827	809	761	728	714	695	685	669	635	590	548	493	465	460	464	478	488	503	492	483	461	465	448	452	463	430	441	423	415	407	389	393	388	391	391	374	353	0	0	0
Litigation settlement
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
37	21	16	16	11	6	0	-1	-1	-6	2	-1	3	8	-1	3	5	11	17	19	12	3	4	10	2	11	19	13	7	18	21	20	41	33	31	28	31	28	19	22	0	0	0
Pre-opening
76	102	117	129	70	53	42	35	31	26	23	87	126	154	175	124	95	77	67	55	43	30	16	10	5	3	0	0	0	-	-	-	-	-	-	-	-	9	9	9	0	0	0
Depreciation and amortization
667	624	588	553	550	550	548	549	548	552	556	524	466	404	341	315	317	322	325	323	320	314	326	340	355	371	372	373	373	373	374	380	389	398	404	403	402	405	407	410	0	0	0
Property charges and other
44	20	47	58	59	60	21	31	29	29	61	52	56	54	37	20	9	10	0	1	3	10	17	18	21	17	17	37	35	39	43	30	137	130	126	134	26	25	23	-0	0	0	0
Total operating expenses
5,537	5,732	5,747	5,695	5,581	5,982	5,861	5,737	5,637	5,014	4,734	4,473	4,158	3,824	3,578	3,388	3,349	3,417	3,544	3,738	3,937	4,167	4,396	4,435	4,422	4,330	4,210	4,185	4,116	4,125	4,162	4,169	4,335	4,261	4,199	4,014	3,745	3,559	3,246	3,012	0	0	0
Operating income (loss)
375	878	898	1,011	1,072	735	790	757	724	1,055	893	712	613	521	534	610	632	658	722	902	1,074	1,266	1,419	1,400	1,333	1,290	1,179	1,112	1,102	1,029	1,046	1,038	987	1,008	963	855	790	625	474	425	0	0	0
Other income (expense):
Interest income
25	24	28	29	29	29	30	31	31	31	25	20	16	13	12	10	9	7	9	13	17	20	20	17	16	15	16	16	15	12	10	9	8	7	5	3	2	2	2	1	0	0	0
Interest expense, net of amounts capitalized
449	414	401	380	376	381	377	380	388	388	387	371	342	289	267	261	267	300	306	311	317	315	312	306	298	299	300	301	302	288	266	249	233	229	233	236	231	222	213	206	0	0	0
Change in derivatives fair value
-17	-3	-11	-9	-6	-4	-0	-0	-0	-1	1	2	1	0	0	-2	-2	-5	-9	-6	-9	-4	-0	-6	11	14	9	12	1	0	7	11	12	14	16	11	6	-0	-10	-7	0	0	0
Change in Redemption Note fair value
-	-	0	0	-	-69	-59	-100	-113	-59	14	33	54	65	-14	55	47	52	47	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-13	-12	-14	-2	-2	0	-10	-30	-53	-55	-43	-22	0	-	0	0	-	126	128	125	124	9	21	17	41	40	76	56	29	25	0	0	0	-	-	-	-	-	0	0	-	-	0
Equity in income from unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	1	0	0	1	1	1	1	1	1	1	0	0	1	1	1	1	1	1	1	1	0	0	0	0	0	0
Other
31	15	-8	11	-1	-4	-0	-13	-24	-21	-19	-16	-6	-0	-1	-1	-0	1	2	0	1	-0	0	1	3	4	6	6	3	3	3	1	3	3	2	1	0	0	-0	0	0	0	0
Other income (expense), net
-423	-390	-406	-350	-356	-429	-417	-494	-548	-495	-409	-353	-276	-211	-268	-204	-222	-369	-385	-428	-432	-307	-312	-310	-308	-303	-294	-311	-301	-296	-268	-229	-212	-202	-208	-283	-288	-288	-289	-202	0	0	0
Income (loss) before income taxes
-47	488	491	660	715	305	372	262	176	560	483	359	336	310	265	405	409	289	336	473	642	958	1,106	1,090	1,025	986	884	800	801	732	777	809	775	805	754	572	502	337	185	223	0	0	0
Provision for income taxes
250	176	-353	-376	-384	-497	-458	-455	-442	-328	12	12	7	8	-15	-7	8	7	11	9	-3	-3	1	-10	-9	-17	5	5	-0	4	-43	-31	-21	-19	16	20	17	20	6	16	0	0	0
Net income (loss)
-298	311	844	1,037	1,100	803	831	717	619	889	471	346	329	302	280	413	401	281	324	464	645	962	1,104	1,100	1,035	1,004	879	795	802	728	821	841	797	825	738	551	485	316	178	206	0	0	0
Less: net (income) loss attributable to noncontrolling interests
85	188	183	216	218	230	232	194	177	142	102	74	61	60	65	84	86	86	107	151	185	231	268	274	282	275	253	239	237	226	239	244	217	211	201	174	178	156	0	0	0	-	0
Net income (loss) attributable to Wynn Resorts, Limited
-383	122	660	820	881	572	599	522	442	747	369	272	267	241	215	329	315	195	217	312	460	731	836	826	752	728	626	556	564	502	581	596	580	613	537	376	306	160	80	139	0	0	0
Net income (loss) attributable to Wynn Resorts, Limited:
Basic (in usd per share)
-3.77	-0.68	-0.03	0.88	0.98	4.48	1.44	1.44	-1.99	4.82	0.78	0.73	0.99	1.13	-0.17	0.69	0.74	0.86	0.95	0.56	-0.44	1.08	1.90	2.02	2.25	2.13	1.81	1.29	2.02	1.12	1.12	1.38	1.25	1.54	1.02	0.98	1.40	0.92	-0.27	0.43	0.22	0.28	0.21
Diluted (in usd per share)
-3.77	-0.68	-0.03	0.88	0.98	4.46	1.44	1.44	-1.99	4.78	0.78	0.73	0.99	1.12	-0.17	0.69	0.74	0.85	0.95	0.56	-0.44	1.08	1.88	2.00	2.22	2.10	1.79	1.28	2.00	1.11	1.11	1.37	1.23	1.51	1.01	0.97	1.39	0.92	-0.27	0.42	0.22	0.28	0.21
Weighted average common shares outstanding:
Basic (in shares)
106	106	106	106	106	107	108	107	102	102	102	101	101	101	101	101	101	101	101	101	101	101	100	100	100	100	100	100	100	100	99	99	112	124	124	123	123	123	122	122	122	0	122
Diluted (in shares)
106	107	106	107	107	108	108	108	102	103	102	102	102	102	101	101	101	102	101	101	101	101	101	102	102	102	101	101	101	101	100	101	114	125	125	125	125	126	122	123	122	0	122
Dividends declared per common share (usd per share)
1.00	-	1.00	1.00	0.75	-	0.75	0.75	0.50	-	0.50	0.50	0.50	-	0.50	0.50	0.50	-	0.50	0.50	1.50	-	1.25	1.25	1.25	-	1.00	1.00	1.00	-	0.50	0.50	0.50	-	0.50	0.50	-	-	0.25	0.25	-	-	0.00
Casino
Total operating revenues
3,959	4,573	4,656	4,770	4,727	4,784	4,741	4,594	4,496	4,244	3,554	3,267	3,007	2,750	2,955	2,867	2,839	2,932	3,124	3,496	3,874	4,274	4,651	4,685	4,610	4,490	4,247	4,154	4,091	4,034	4,097	4,104	4,233	4,190	4,107	3,852	3,559	3,245	2,811	2,554	0	0	0
Cost of goods and services sold
2,616	2,924	2,979	3,040	3,022	3,036	3,015	2,911	2,852	2,718	2,296	2,123	1,945	1,768	1,855	1,795	1,791	1,862	1,990	2,192	2,407	2,667	2,896	2,948	2,933	2,846	2,715	2,669	2,649	2,626	2,672	2,697	2,736	2,686	2,620	2,441	2,276	2,100	1,828	1,653	0	0	0
Rooms
Total operating revenues
765	804	788	765	752	751	726	713	692	670	668	650	628	595	564	544	542	538	534	536	538	542	532	520	508	492	490	487	482	479	478	479	474	472	460	442	422	400	386	379	0	0	0
Cost of goods and services sold
285	276	269	257	255	254	250	248	247	244	275	253	229	206	153	150	150	149	147	149	149	148	144	139	135	133	132	130	129	126	126	126	124	125	122	121	121	122	121	118	0	0	0
Food and beverage
Total operating revenues
795	818	792	758	755	754	744	750	739	732	735	703	669	635	588	581	591	597	605	605	598	604	601	593	588	586	597	601	592	588	581	567	554	547	539	525	505	488	477	459	0	0	0
Cost of goods and services sold
723	696	670	636	622	611	597	587	573	567	643	600	551	499	367	359	364	361	358	348	338	337	336	329	324	323	326	322	311	308	305	297	288	283	280	279	276	272	270	263	0	0	0
Entertainment, retail and other
Total operating revenues
393	414	407	412	417	426	440	435	433	422	414	402	382	363	343	336	342	350	359	373	384	401	415	419	424	418	418	414	412	417	416	420	421	414	405	385	370	354	327	310	0	0	0
Cost of goods and services sold
171	170	174	176	179	183	192	197	197	196	206	197	187	179	155	154	155	157	157	158	159	163	171	176	179	175	173	175	178	189	196	201	209	214	219	217	210	204	191	181	0	0	0