2013 Form 10-K Financial Statement

#000119312514077632 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $5.621B $1.289B $1.298B
YoY Change 9.05% -4.08% 0.01%
Cost Of Revenue $3.479B $802.0M $813.3M
YoY Change 6.99% -5.79% -2.72%
Gross Profit $2.142B $487.1M $485.2M
YoY Change 12.58% -1.12% 4.95%
Gross Profit Margin 38.11% 37.79% 37.37%
Selling, General & Admin $448.8M $132.7M $115.8M
YoY Change 1.6% 13.32% 7.27%
% of Gross Profit 20.95% 27.24% 23.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $367.4M $93.10M $94.20M
YoY Change 0.08% -1.06% -6.27%
% of Gross Profit 17.15% 19.11% 19.41%
Operating Expenses $448.8M $229.1M $115.8M
YoY Change 1.6% 5.19% 7.27%
Operating Profit $1.290B $258.0M $247.1M
YoY Change 25.34% -6.13% 3.02%
Interest Expense $299.0M -$76.80M $75.08M
YoY Change 3.55% 53.6% 30.66%
% of Operating Profit 23.18% -29.77% 30.39%
Other Income/Expense, Net -$303.6M $2.100M -$89.55M
YoY Change 2.46% -12.5% 77.71%
Pretax Income $986.5M $182.6M $157.5M
YoY Change 34.59% -19.59% -16.84%
Income Tax -$17.63M $16.80M -$7.626M
% Of Pretax Income -1.79% 9.2% -4.84%
Net Earnings $728.7M $111.4M $112.0M
YoY Change 45.14% -41.53% -11.83%
Net Earnings / Revenue 12.96% 8.64% 8.63%
Basic Earnings Per Share $7.25 $1.11 $1.12
Diluted Earnings Per Share $7.17 $1.10 $1.11
COMMON SHARES
Basic Shares Outstanding 100.5M shares 100.6M shares 99.87M shares
Diluted Shares Outstanding 101.6M shares 100.9M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.609B $1.864B $2.530B
YoY Change 39.97% 34.58% 32.46%
Cash & Equivalents $2.435B $2.182B $2.331B
Short-Term Investments $174.0M $139.0M $199.0M
Other Short-Term Assets $43.00M $36.00M $33.00M
YoY Change 19.44% 16.13% 22.22%
Inventory $75.00M $63.80M $65.53M
Prepaid Expenses
Receivables $194.0M $191.0M $165.0M
Other Receivables $48.00M $48.00M $48.00M
Total Short-Term Assets $2.969B $2.202B $2.841B
YoY Change 34.83% 27.57% 28.86%
LONG-TERM ASSETS
Property, Plant & Equipment $4.934B $4.728B $4.698B
YoY Change 4.36% -2.82% 0.23%
Goodwill
YoY Change
Intangibles $31.30M $32.41M
YoY Change -12.46%
Long-Term Investments $84.00M $4.000M $197.0M
YoY Change 2000.0% 0.0% 79.09%
Other Assets $359.0M $99.23M $113.9M
YoY Change 15.43% -21.07% -70.8%
Total Long-Term Assets $5.408B $5.074B $5.115B
YoY Change 6.56% -1.91% -2.09%
TOTAL ASSETS
Total Short-Term Assets $2.969B $2.202B $2.841B
Total Long-Term Assets $5.408B $5.074B $5.115B
Total Assets $8.377B $7.277B $7.956B
YoY Change 15.12% 5.47% 7.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $273.0M $164.9M $186.6M
YoY Change 65.45% -3.93% 33.32%
Accrued Expenses $444.0M $384.0M $388.0M
YoY Change 15.63% -4.24% 1.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.050M $1.400M
YoY Change 0.0% -99.74% -99.18%
Total Short-Term Liabilities $1.456B $1.131B $1.206B
YoY Change 28.74% -28.39% -9.08%
LONG-TERM LIABILITIES
Long-Term Debt $6.587B $5.782B $5.781B
YoY Change 13.92% 105.77% 97.12%
Other Long-Term Liabilities $188.0M $137.8M $122.9M
YoY Change -12.15% 7.5% -47.04%
Total Long-Term Liabilities $6.775B $5.920B $5.904B
YoY Change 12.99% 101.48% 86.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.456B $1.131B $1.206B
Total Long-Term Liabilities $6.775B $5.920B $5.904B
Total Liabilities $8.562B $7.173B $7.237B
YoY Change 13.61% 53.39% 49.09%
SHAREHOLDERS EQUITY
Retained Earnings $44.78M $276.6M
YoY Change 23.12%
Common Stock $1.137M $1.134M
YoY Change -17.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.128B $1.128B
YoY Change 0.08%
Treasury Stock Shares 12.86M shares 12.86M shares
Shareholders Equity -$185.0M -$259.0M $411.3M
YoY Change
Total Liabilities & Shareholders Equity $8.377B $7.277B $7.956B
YoY Change 15.12% 5.47% 7.1%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $728.7M $111.4M $112.0M
YoY Change 45.14% -41.53% -11.83%
Depreciation, Depletion And Amortization $367.4M $93.10M $94.20M
YoY Change 0.08% -1.06% -6.27%
Cash From Operating Activities $1.677B $196.5M $328.4M
YoY Change 41.4% -46.41% 3.24%
INVESTING ACTIVITIES
Capital Expenditures $514.8M -$72.70M -$53.00M
YoY Change 113.62% -26.04% 53.62%
Acquisitions
YoY Change
Other Investing Activities -$170.8M $78.90M -$118.2M
YoY Change 64.39% 2154.29% 38.73%
Cash From Investing Activities -$677.6M $6.200M -$171.1M
YoY Change 96.48% -106.54% 42.82%
FINANCING ACTIVITIES
Cash Dividend Paid $1.035B
YoY Change 8.32%
Common Stock Issuance & Retirement, Net $15.47M
YoY Change 1598.35%
Debt Paid & Issued, Net $501.4M
YoY Change -50.98%
Cash From Financing Activities -$291.1M -810.0M 238.3M
YoY Change -23.88% 2.47% -322.92%
NET CHANGE
Cash From Operating Activities $1.677B 196.5M 328.4M
Cash From Investing Activities -$677.6M 6.200M -171.1M
Cash From Financing Activities -$291.1M -810.0M 238.3M
Net Change In Cash $707.9M -607.3M 395.6M
YoY Change 54.44% 17.1% 332.82%
FREE CASH FLOW
Cash From Operating Activities $1.677B $196.5M $328.4M
Capital Expenditures $514.8M -$72.70M -$53.00M
Free Cash Flow $1.162B $269.2M $381.4M
YoY Change 22.98% -42.11% 8.17%

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5253000
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4454000
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87100000
CY2012 wynn Cliff Vest Period
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178891000
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866000
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6557000
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38042000
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23300000
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29524000
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1800000000
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213884000

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