2022 Q4 Form 10-Q Financial Statement

#000117492222000149 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.005B $889.7M
YoY Change -3.58% -10.55%
Cost Of Revenue $636.3M $565.9M
YoY Change -10.11% -17.69%
Gross Profit $368.6M $323.8M
YoY Change 10.26% 5.44%
Gross Profit Margin 36.68% 36.39%
Selling, General & Admin $279.1M $201.3M
YoY Change 3.56% 1.99%
% of Gross Profit 75.72% 62.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $172.3M $161.7M
YoY Change 1.1% -4.71%
% of Gross Profit 46.74% 49.94%
Operating Expenses $451.4M $201.3M
YoY Change 2.6% 1.99%
Operating Profit -$82.78M -$52.99M
YoY Change -21.63% -36.66%
Interest Expense -$158.6M $165.3M
YoY Change 8.55% 9.95%
% of Operating Profit
Other Income/Expense, Net $31.90M -$153.4M
YoY Change -583.2% -4.81%
Pretax Income -$27.46M -$206.4M
YoY Change -89.37% -15.7%
Income Tax $6.084M $1.390M
% Of Pretax Income
Net Earnings $32.41M -$142.9M
YoY Change -118.29% -14.05%
Net Earnings / Revenue 3.23% -16.06%
Basic Earnings Per Share -$1.27
Diluted Earnings Per Share $0.29 -$1.27
COMMON SHARES
Basic Shares Outstanding 113.3M shares 112.7M shares
Diluted Shares Outstanding 112.7M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.650B $1.944B
YoY Change 44.71% -21.5%
Cash & Equivalents $3.650B $1.944B
Short-Term Investments
Other Short-Term Assets $93.02M $101.6M
YoY Change 10.79% 7.87%
Inventory $70.09M $68.31M
Prepaid Expenses
Receivables $128.7M $139.4M
Other Receivables $87.33M $70.60M
Total Short-Term Assets $4.030B $2.323B
YoY Change 40.11% -18.64%
LONG-TERM ASSETS
Property, Plant & Equipment $6.896B $8.499B
YoY Change -21.33% -4.07%
Goodwill $90.52M $90.52M
YoY Change -30.23% -35.31%
Intangibles
YoY Change
Long-Term Investments $39.90M
YoY Change
Other Assets $263.3M $204.2M
YoY Change 27.19% -9.01%
Total Long-Term Assets $9.386B $9.456B
YoY Change -2.79% -3.03%
TOTAL ASSETS
Total Short-Term Assets $4.030B $2.323B
Total Long-Term Assets $9.386B $9.456B
Total Assets $13.42B $11.78B
YoY Change 7.06% -6.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $197.5M $139.2M
YoY Change 15.79% -10.03%
Accrued Expenses $560.3M $513.6M
YoY Change -11.2% -16.61%
Deferred Revenue $506.1M $436.2M
YoY Change 15.99% -6.4%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $547.5M $546.1M
YoY Change 995.09% 992.16%
Total Short-Term Liabilities $1.811B $1.635B
YoY Change 40.65% 27.08%
LONG-TERM LIABILITIES
Long-Term Debt $11.57B $11.57B
YoY Change -2.65% -1.05%
Other Long-Term Liabilities $59.57M $62.74M
YoY Change -25.0% -38.94%
Total Long-Term Liabilities $11.63B $11.63B
YoY Change -2.8% -1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.811B $1.635B
Total Long-Term Liabilities $11.63B $11.63B
Total Liabilities $15.06B $13.38B
YoY Change 12.63% 1.33%
SHAREHOLDERS EQUITY
Retained Earnings -$2.712B -$2.744B
YoY Change 18.52% 30.0%
Common Stock $1.323M $1.321M
YoY Change 0.68% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.624B $1.615B
YoY Change 13.05% 12.66%
Treasury Stock Shares 18.89M shares 18.75M shares
Shareholders Equity -$750.8M -$763.2M
YoY Change
Total Liabilities & Shareholders Equity $13.42B $11.78B
YoY Change 7.06% -6.57%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $32.41M -$142.9M
YoY Change -118.29% -14.05%
Depreciation, Depletion And Amortization $172.3M $161.7M
YoY Change 1.1% -4.71%
Cash From Operating Activities $81.77M $4.413M
YoY Change -1519.8% -55.76%
INVESTING ACTIVITIES
Capital Expenditures $68.33M -$88.76M
YoY Change -160.01% -17.08%
Acquisitions
YoY Change
Other Investing Activities $1.701B $456.0K
YoY Change 293679.97% 143.85%
Cash From Investing Activities $1.633B -$88.30M
YoY Change -1541.22% -17.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.12M 160.3M
YoY Change -119.76% -171.04%
NET CHANGE
Cash From Operating Activities 81.77M 4.413M
Cash From Investing Activities 1.633B -88.30M
Cash From Financing Activities -33.12M 160.3M
Net Change In Cash 1.681B 76.46M
YoY Change 3364.81% -123.7%
FREE CASH FLOW
Cash From Operating Activities $81.77M $4.413M
Capital Expenditures $68.33M -$88.76M
Free Cash Flow $13.43M $93.17M
YoY Change -87.57% -20.38%

Facts In Submission

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CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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112709000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114655000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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114061000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113420000 shares
CY2022Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6213000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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879000 usd
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Profit Loss
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-207791000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
732000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
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29319000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4982000 usd
CY2022Q3 wynn Additional Paid In Capital Subsidiary Stock Issued During Period Value New Issues
AdditionalPaidInCapitalSubsidiaryStockIssuedDuringPeriodValueNewIssues
0 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18651000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-1596963000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Profit Loss
ProfitLoss
-245983000 usd
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-2863000 usd
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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6441000 usd
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5364000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21875000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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6213000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
9288000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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us-gaap Treasury Stock Value Acquired Cost Method
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178624000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21505000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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50033000 usd
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AdditionalPaidInCapitalSubsidiaryStockIssuedDuringPeriodValueNewIssues
2896000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
46774000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
879000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
6272000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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us-gaap Treasury Stock Value Acquired Cost Method
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11843000 usd
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AdditionalPaidInCapitalSubsidiaryStockIssuedDuringPeriodValueNewIssues
5160000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
68787000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
520026000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
545538000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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75033000 usd
us-gaap Amortization Of Financing Costs
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21859000 usd
us-gaap Amortization Of Financing Costs
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19891000 usd
wynn Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
0 usd
wynn Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7461000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
14801000 usd
us-gaap Unrealized Gain Loss On Derivatives
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6557000 usd
wynn Property Chargesand Other
PropertyChargesandOther
103452000 usd
wynn Property Chargesand Other
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43893000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Receivables
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29729000 usd
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IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets
7199000 usd
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IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets
38377000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
99000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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273251000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
213088000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10919000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Proceeds From Sale Of Productive Assets
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3689000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Issuance Of Common Stock
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ProceedsFromIssuanceOfSubsidiaryCommonStock
2895000 usd
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4662000 usd
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21505000 usd
us-gaap Payments Of Distributions To Affiliates
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us-gaap Payments Of Dividends
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CashAndCashEquivalentsAtCarryingValue
1940000000 usd
CY2022Q3 wynn Number Of Gaming Concessions
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6 concession
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CY2022Q3 us-gaap Cash Equivalents At Carrying Value
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AccountsReceivableGrossCurrent
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AccountsReceivableAllowanceForCreditLossEffectOfExchangeRate
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AllowanceForDoubtfulAccountsReceivable
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CY2022Q3 us-gaap Buildings And Improvements Gross
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1278010000 usd
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3111425000 usd
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FurnitureAndFixturesGross
3067793000 usd
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65720000 usd
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CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5727010000 usd
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PropertyPlantAndEquipmentNet
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CY2021Q4 us-gaap Property Plant And Equipment Net
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8765308000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
161700000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2022Q3 us-gaap Finite Lived Intangible Assets Net
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