2019 Q4 Form 10-K Financial Statement

#000117492221000029 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $1.654B $1.688B $6.718B
YoY Change -2.02% 4.03% 10.67%
Cost Of Revenue $1.007B $1.035B $4.087B
YoY Change -2.7% 3.01% 9.65%
Gross Profit $646.3M $652.6M $2.631B
YoY Change -0.97% 5.7% 12.27%
Gross Profit Margin 39.09% 38.67% 39.16%
Selling, General & Admin $244.7M $267.4M $761.4M
YoY Change -8.49% 49.3% 11.08%
% of Gross Profit 37.86% 40.97% 28.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $175.1M $138.9M $546.1M
YoY Change 26.06% 1.46% -0.33%
% of Gross Profit 27.09% 21.28% 20.76%
Operating Expenses $419.8M $406.3M $761.4M
YoY Change 3.32% 28.62% 11.08%
Operating Profit $226.5M $246.3M $735.5M
YoY Change -8.04% -18.31% -30.32%
Interest Expense -$104.9M -$96.30M $381.8M
YoY Change 8.93% 9.93% -1.75%
% of Operating Profit -46.31% -39.1% 51.91%
Other Income/Expense, Net $18.50M -$5.100M -$429.8M
YoY Change -462.75% -160.71% -13.22%
Pretax Income $139.9M $142.8M $305.7M
YoY Change -2.03% -31.97% -45.43%
Income Tax $157.4M $18.20M -$497.3M
% Of Pretax Income 112.51% 12.75% -162.67%
Net Earnings -$72.90M $464.9M $572.4M
YoY Change -115.68% -5.45% -23.39%
Net Earnings / Revenue -4.41% 27.55% 8.52%
Basic Earnings Per Share $5.37
Diluted Earnings Per Share -$683.9K $4.305M $5.35
COMMON SHARES
Basic Shares Outstanding 107.4M shares 108.7M shares 106.5M shares
Diluted Shares Outstanding 107.0M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.352B $2.215B $2.215B
YoY Change 6.19% -25.45% -25.45%
Cash & Equivalents $2.352B $2.215B $2.215B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $69.00M $83.00M $83.00M
YoY Change -16.87% -47.13% -47.13%
Inventory $88.52M $66.63M $67.00M
Prepaid Expenses
Receivables $287.0M $219.0M $219.0M
Other Receivables $59.00M $58.00M $58.00M
Total Short-Term Assets $2.856B $2.641B $2.641B
YoY Change 8.14% -22.85% -22.87%
LONG-TERM ASSETS
Property, Plant & Equipment $9.624B $9.386B $9.386B
YoY Change 2.53% 10.44% 10.44%
Goodwill $18.46M $0.00
YoY Change
Intangibles $146.4M $222.5M
YoY Change -34.2% 79.87%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $223.1M $225.7M $966.0M
YoY Change -1.14% -2.77% 103.37%
Total Long-Term Assets $11.01B $10.57B $10.58B
YoY Change 4.16% 14.22% 14.23%
TOTAL ASSETS
Total Short-Term Assets $2.856B $2.641B $2.641B
Total Long-Term Assets $11.01B $10.57B $10.58B
Total Assets $13.87B $13.22B $13.22B
YoY Change 4.96% 4.21% 4.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.4M $321.8M $322.0M
YoY Change -18.45% 12.74% 12.98%
Accrued Expenses $572.0M $593.0M $593.0M
YoY Change -3.54% 11.26% 11.26%
Deferred Revenue $824.3M $955.5M
YoY Change -13.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $323.9M $11.96M $12.00M
YoY Change 2607.99% -80.92% -80.95%
Total Short-Term Liabilities $1.983B $1.882B $1.882B
YoY Change 5.36% -2.5% -2.49%
LONG-TERM LIABILITIES
Long-Term Debt $10.08B $9.411B $9.428B
YoY Change 7.11% -1.62% -1.62%
Other Long-Term Liabilities $107.8M $108.3M $92.00M
YoY Change -0.48% 1.04% 1.1%
Total Long-Term Liabilities $10.19B $9.519B $9.520B
YoY Change 7.02% -1.59% -1.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.983B $1.882B $1.882B
Total Long-Term Liabilities $10.19B $9.519B $9.520B
Total Liabilities $12.33B $11.40B $11.18B
YoY Change 8.14% -1.74% -4.7%
SHAREHOLDERS EQUITY
Retained Earnings $641.8M $921.8M
YoY Change -30.37% 45.15%
Common Stock $1.228M $1.221M
YoY Change 0.57% 4.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.411B $1.344B
YoY Change 4.98% 13.47%
Treasury Stock Shares 15.47M shares 14.88M shares
Shareholders Equity $1.743B $2.034B $2.034B
YoY Change
Total Liabilities & Shareholders Equity $13.87B $13.22B $13.22B
YoY Change 4.96% 4.21% 4.21%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income -$72.90M $464.9M $572.4M
YoY Change -115.68% -5.45% -23.39%
Depreciation, Depletion And Amortization $175.1M $138.9M $546.1M
YoY Change 26.06% 1.46% -0.33%
Cash From Operating Activities $121.2M $463.6M $961.5M
YoY Change -73.86% -22.62% -48.76%
INVESTING ACTIVITIES
Capital Expenditures -$185.0M -$345.8M $1.476B
YoY Change -46.5% 21.21% 57.78%
Acquisitions
YoY Change
Other Investing Activities $100.0K $51.80M $379.6M
YoY Change -99.81% -669.23% -4513.95%
Cash From Investing Activities -$184.9M -$293.9M -$1.223B
YoY Change -37.09% -0.17% 27.69%
FINANCING ACTIVITIES
Cash Dividend Paid $569.8M
YoY Change 77.63%
Common Stock Issuance & Retirement, Net -$755.7M
YoY Change -4352.41%
Debt Paid & Issued, Net $3.032B
YoY Change 2.45%
Cash From Financing Activities 730.6M 99.40M -$324.3M
YoY Change 635.01% -122.78% -57.02%
NET CHANGE
Cash From Operating Activities 121.2M 463.6M $961.5M
Cash From Investing Activities -184.9M -293.9M -$1.223B
Cash From Financing Activities 730.6M 99.40M -$324.3M
Net Change In Cash 666.9M 269.1M -$587.3M
YoY Change 147.83% -304.48% -465.5%
FREE CASH FLOW
Cash From Operating Activities $121.2M $463.6M $961.5M
Capital Expenditures -$185.0M -$345.8M $1.476B
Free Cash Flow $306.2M $809.4M -$514.5M
YoY Change -62.17% -8.48% -154.67%

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163471000 USD
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202981000 USD
CY2020 wynn Intangible Assets Other Liabilities Incurred
IntangibleAssetsOtherLiabilitiesIncurred
13822000 USD
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IntangibleAssetsOtherLiabilitiesIncurred
13945000 USD
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1857000 USD
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3564000 USD
CY2019 wynn Other Accrued Liabilities Current Amount Related To Dividends Payable On Unvested Restricted Stock
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6690000 USD
CY2018 wynn Other Accrued Liabilities Current Amount Related To Dividends Payable On Unvested Restricted Stock
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4375000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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3480000000 USD
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CY2020 us-gaap Interest Costs Capitalized
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53900000 USD
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CY2020 wynn Amortization Of Deferred Financing Costsand Other
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28900000 USD
CY2019 wynn Amortization Of Deferred Financing Costsand Other
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29000000.0 USD
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36900000 USD
CY2020 wynn Gaming Tax Expenses
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527500000 USD
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2240000000 USD
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2440000000 USD
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61300000 USD
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40600000 USD
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2358292000 USD
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346429000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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4692000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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1264000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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84000 USD
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CY2019 wynn Accounts Receivable Allowance For Credit Loss Effect Of Exchange Rate
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79000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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100329000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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39317000 USD
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3093481000 USD
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2932483000 USD
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110623000 USD
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110623000 USD
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136390000 USD
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477333000 USD
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14364850000 USD
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5168206000 USD
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4510527000 USD
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8397000 USD
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18463000 USD
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278195000 USD
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146414000 USD
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88279000 USD
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111413000 USD
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550000000 USD
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2103500000 USD
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2995000000 USD
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5730000000 USD
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CY2020Q4 wynn Casinooutstandingchipsandfrontmoneydeposits
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769053000 USD
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CY2019Q4 wynn Casinooutstandingchipsandfrontmoneydeposits
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769053000 USD
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905561000 USD
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CY2020Q4 wynn Advancedroomdepositsandticketsales
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29224000 USD
CY2019Q4 wynn Advancedroomdepositsandticketsales
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49834000 USD
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49834000 USD
CY2018Q4 wynn Advancedroomdepositsandticketsales
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42197000 USD
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7637000 USD
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CY2019Q4 wynn Othergamingrelatedliabilities
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13970000 USD
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13970000 USD
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1276000 USD
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1588000 USD
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8400000 USD
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4600000 USD
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0
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311378000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
803084000 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-259701000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
188393000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
230654000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-2067245000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
122985000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
572430000 USD
CY2019 wynn Nonrecurring Regulatory Expense
NonrecurringRegulatoryExpense
35000000.0 USD
CY2019 wynn Pre Opening Costs Excluded From Share Based Compensation
PreOpeningCostsExcludedFromShareBasedCompensation
700000 USD
CY2018 wynn Pre Opening Costs Excluded From Share Based Compensation
PreOpeningCostsExcludedFromShareBasedCompensation
700000 USD
CY2018 wynn Property Charges And Other Expenses Excluded From Share Based Compensation
PropertyChargesAndOtherExpensesExcludedFromShareBasedCompensation
2200000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
290115000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1063293000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1475972000 USD
CY2020Q4 us-gaap Assets
Assets
13869547000 USD
CY2019Q4 us-gaap Assets
Assets
13871281000 USD
CY2018Q4 us-gaap Assets
Assets
13216269000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9728140000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
10231817000 USD
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9553588000 USD

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