2023 Q2 Form 10-Q Financial Statement

#000117492223000105 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $1.596B $1.424B
YoY Change 75.59% 49.34%
Cost Of Revenue $907.3M $819.2M
YoY Change 59.3% 32.48%
Gross Profit $688.5M $604.5M
YoY Change 102.95% 80.46%
Gross Profit Margin 43.14% 42.46%
Selling, General & Admin $257.3M $259.8M
YoY Change 16.55% 32.01%
% of Gross Profit 37.38% 42.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.8M $154.1M
YoY Change -5.01% -12.59%
% of Gross Profit 22.48% 25.49%
Operating Expenses $257.3M $259.8M
YoY Change -32.95% 32.01%
Operating Profit $250.3M $169.5M
YoY Change -662.34% -278.69%
Interest Expense $190.2M $187.7M
YoY Change -226.34% 23.38%
% of Operating Profit 76.0% 110.75%
Other Income/Expense, Net -$118.2M -$167.4M
YoY Change 1070.37% 5.51%
Pretax Income $132.1M $2.164M
YoY Change -162.12% -100.85%
Income Tax $4.305M $1.018M
% Of Pretax Income 3.26% 47.04%
Net Earnings $105.2M $12.33M
YoY Change -180.88% -106.73%
Net Earnings / Revenue 6.59% 0.87%
Basic Earnings Per Share $0.93 $0.11
Diluted Earnings Per Share $0.84 -$0.02
COMMON SHARES
Basic Shares Outstanding 113.8M shares 113.7M shares
Diluted Shares Outstanding 113.2M shares 113.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.942B $3.844B
YoY Change 95.65% 65.86%
Cash & Equivalents $3.654B $3.844B
Short-Term Investments $288.2M
Other Short-Term Assets $108.8M $113.2M
YoY Change 7.9% 27.23%
Inventory $70.98M $69.18M
Prepaid Expenses
Receivables $136.9M $133.2M
Other Receivables $92.87M $94.17M
Total Short-Term Assets $4.352B $4.253B
YoY Change 83.52% 59.56%
LONG-TERM ASSETS
Property, Plant & Equipment $6.771B $6.826B
YoY Change -24.37% -21.28%
Goodwill $90.52M $90.52M
YoY Change -8.13%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $287.8M $253.6M
YoY Change 38.83% 24.66%
Total Long-Term Assets $9.432B $9.471B
YoY Change 0.16% -0.45%
TOTAL ASSETS
Total Short-Term Assets $4.352B $4.253B
Total Long-Term Assets $9.432B $9.471B
Total Assets $13.78B $13.72B
YoY Change 16.92% 12.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.5M $183.2M
YoY Change 16.04% 11.06%
Accrued Expenses $628.2M $553.7M
YoY Change 24.09% 7.42%
Deferred Revenue $498.1M $490.8M
YoY Change 15.8%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $41.25M $143.2M
YoY Change -92.43% 186.32%
Total Short-Term Liabilities $1.346B $1.371B
YoY Change -16.77% 18.77%
LONG-TERM LIABILITIES
Long-Term Debt $12.10B $12.11B
YoY Change 6.45% 1.97%
Other Long-Term Liabilities $232.5M $235.0M
YoY Change 30.89% 225.88%
Total Long-Term Liabilities $12.33B $12.34B
YoY Change 6.83% 3.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.346B $1.371B
Total Long-Term Liabilities $12.33B $12.34B
Total Liabilities $15.29B $15.34B
YoY Change 23.33% 16.1%
SHAREHOLDERS EQUITY
Retained Earnings -$28.50M -$2.699B
YoY Change 9.23%
Common Stock $1.329M $1.328M
YoY Change 0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.636B $1.635B
YoY Change 12.89%
Treasury Stock Shares 18.99M shares
Shareholders Equity -$630.3M -$717.4M
YoY Change
Total Liabilities & Shareholders Equity $13.78B $13.72B
YoY Change 16.92% 12.68%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $105.2M $12.33M
YoY Change -180.88% -106.73%
Depreciation, Depletion And Amortization $154.8M $154.1M
YoY Change -5.01% -12.59%
Cash From Operating Activities $361.2M $169.5M
YoY Change -1001.63% -244.39%
INVESTING ACTIVITIES
Capital Expenditures $126.0M $124.5M
YoY Change -228.38% 29.19%
Acquisitions
YoY Change
Other Investing Activities -$286.3M $257.0K
YoY Change 786.21%
Cash From Investing Activities -$412.3M -$132.0M
YoY Change 320.0% 35.73%
FINANCING ACTIVITIES
Cash Dividend Paid $175.0K
YoY Change -84.95%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.019B
YoY Change 8051.78%
Cash From Financing Activities -139.8M $121.0M
YoY Change -13.58% 1012.98%
NET CHANGE
Cash From Operating Activities 361.2M $169.5M
Cash From Investing Activities -412.3M -$132.0M
Cash From Financing Activities -139.8M $121.0M
Net Change In Cash -190.9M $156.0M
YoY Change -36.38% -176.22%
FREE CASH FLOW
Cash From Operating Activities $361.2M $169.5M
Capital Expenditures $126.0M $124.5M
Free Cash Flow $235.2M $45.03M
YoY Change 304.84% -121.07%

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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
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CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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14579000 usd
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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12332000 usd
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CY2022Q1 wynn Assumed Conversion Of Wml Convertible Bonds
AssumedConversionOfWMLConvertibleBonds
0 shares
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NetIncomeLossAttributableToParentDiluted
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NetIncomeLossAttributableToParentDiluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
363000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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EarningsPerShareDiluted
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
38000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
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CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
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CY2023Q1 us-gaap Operating Lease Variable Lease Income
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CY2022Q1 us-gaap Operating Lease Variable Lease Income
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20623000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
62602000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
45224000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q1 us-gaap Pre Opening Costs
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4478000 usd
CY2022Q1 us-gaap Pre Opening Costs
PreOpeningCosts
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168812000 usd
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CY2022Q1 us-gaap Depreciation And Amortization
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CY2023Q1 wynn Project Abandonment Costs
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2458000 usd
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ProjectAbandonmentCosts
45720000 usd
CY2023Q1 wynn Corporate Expenses And Other
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CorporateExpensesAndOther
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CY2023Q1 us-gaap Share Based Compensation
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ShareBasedCompensation
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CY2023Q1 wynn Operating Lease Triple Net Cost
OperatingLeaseTripleNetCost
35283000 usd
CY2022Q1 wynn Operating Lease Triple Net Cost
OperatingLeaseTripleNetCost
0 usd
CY2023Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
260231000 usd
CY2022Q1 us-gaap Other Cost And Expense Operating
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272446000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
40193000 usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1280000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
187740000 usd
CY2023Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
23046000 usd
CY2022Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
7400000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12236000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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NonoperatingIncomeExpense
-167351000 usd
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-158605000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2164000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1018000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1140000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1146000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-254610000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12332000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-183324000 usd
CY2023Q1 us-gaap Assets
Assets
13724021000 usd
CY2022Q4 us-gaap Assets
Assets
13415100000 usd

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wynn-20230331_def.xml Edgar Link unprocessable
wynn-20230331_pre.xml Edgar Link unprocessable
wynn-20230331_htm.xml Edgar Link completed