XML 118 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 962,644us-gaap_ProfitLoss $ 1,004,157us-gaap_ProfitLoss $ 728,699us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 314,119us-gaap_DepreciationAndAmortization 371,051us-gaap_DepreciationAndAmortization 373,199us-gaap_DepreciationAndAmortization
Deferred income taxes (8,086)us-gaap_DeferredIncomeTaxExpenseBenefit (19,826)us-gaap_DeferredIncomeTaxExpenseBenefit (3,655)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation 39,196us-gaap_AllocatedShareBasedCompensationExpense 39,537us-gaap_AllocatedShareBasedCompensationExpense 19,648us-gaap_AllocatedShareBasedCompensationExpense
Excess tax benefits from stock-based compensation (9,339)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (12,332)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (5,253)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Amortization and write-offs of deferred financing costs and other 36,649wynn_AmortizationOfDeferredFinancingCosts 21,453wynn_AmortizationOfDeferredFinancingCosts 23,965wynn_AmortizationOfDeferredFinancingCosts
Loss on extinguishment of debt 9,569wynn_LossesOnExtinguishmentOfDebt 40,435wynn_LossesOnExtinguishmentOfDebt 25,151wynn_LossesOnExtinguishmentOfDebt
Provision for doubtful accounts 3,906us-gaap_ProvisionForDoubtfulAccounts 11,877us-gaap_ProvisionForDoubtfulAccounts 18,091us-gaap_ProvisionForDoubtfulAccounts
Property charges and other 10,466us-gaap_NoncashProjectAbandonmentCosts 6,950us-gaap_NoncashProjectAbandonmentCosts 36,714us-gaap_NoncashProjectAbandonmentCosts
Equity in income of unconsolidated affiliates, net of distributions (95)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 122us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 106us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Decrease (increase) in swap fair value 4,393us-gaap_UnrealizedGainLossOnDerivatives (14,235)us-gaap_UnrealizedGainLossOnDerivatives (991)us-gaap_UnrealizedGainLossOnDerivatives
Increase (decrease) in cash from changes in:      
Receivables, net 38us-gaap_IncreaseDecreaseInReceivables (14,875)us-gaap_IncreaseDecreaseInReceivables (21,019)us-gaap_IncreaseDecreaseInReceivables
Inventories and prepaid expenses and other (6,917)wynn_IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets (17,749)wynn_IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets 3,644wynn_IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets
Customer deposits (155,399)us-gaap_IncreaseDecreaseInCustomerDeposits 159,850us-gaap_IncreaseDecreaseInCustomerDeposits (31,362)us-gaap_IncreaseDecreaseInCustomerDeposits
Accounts payable and accrued expenses (102,827)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 100,227us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 18,781us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 1,098,317us-gaap_NetCashProvidedByUsedInOperatingActivities 1,676,642us-gaap_NetCashProvidedByUsedInOperatingActivities 1,185,718us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows used in investing activities:      
Capital expenditures, net of construction payables and retention (1,127,015)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (506,786)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (240,985)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of corporate debt securities (200,258)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (222,856)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (183,445)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Proceeds from sale or maturity of corporate debt securities 200,090us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 146,112us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 216,051us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Restricted cash 198,943us-gaap_IncreaseDecreaseInRestrictedCash (100,709)us-gaap_IncreaseDecreaseInRestrictedCash (99,163)us-gaap_IncreaseDecreaseInRestrictedCash
Deposits and purchase of intangibles and other assets (218,925)wynn_PaymentsForDepositsAndOtherAssets (13,961)wynn_PaymentsForDepositsAndOtherAssets (38,042)wynn_PaymentsForDepositsAndOtherAssets
Proceeds from sale of assets 32,813us-gaap_ProceedsFromSaleOfProductiveAssets 20,620us-gaap_ProceedsFromSaleOfProductiveAssets 730us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash used in investing activities (1,114,352)us-gaap_NetCashProvidedByUsedInInvestingActivities (677,580)us-gaap_NetCashProvidedByUsedInInvestingActivities (344,854)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from exercise of stock options 11,859us-gaap_ProceedsFromStockOptionsExercised 20,436us-gaap_ProceedsFromStockOptionsExercised 15,583us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits from stock-based compensation 9,339us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 12,332us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 5,253us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (942,928)us-gaap_PaymentsOfDividends (1,034,986)us-gaap_PaymentsOfDividends (955,493)us-gaap_PaymentsOfDividends
Proceeds from issuance of long-term debt 958,008us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,297,870us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,648,643us-gaap_ProceedsFromIssuanceOfLongTermDebt
Principal payments on long-term debt (101,339)us-gaap_RepaymentsOfLongTermDebt (501,400)us-gaap_RepaymentsOfLongTermDebt (1,022,847)us-gaap_RepaymentsOfLongTermDebt
Repurchase of first mortgage notes (98,400)wynn_RepurchaseofFirstMortgageNotes 0wynn_RepurchaseofFirstMortgageNotes 0wynn_RepurchaseofFirstMortgageNotes
Repurchase of common stock (2,062)us-gaap_PaymentsForRepurchaseOfCommonStock (15,472)us-gaap_PaymentsForRepurchaseOfCommonStock (911)us-gaap_PaymentsForRepurchaseOfCommonStock
Shares of subsidiary repurchased for share award plan (2,081)wynn_SharesofSubsidiaryRepurchasedforShareAwardPlan 0wynn_SharesofSubsidiaryRepurchasedforShareAwardPlan 0wynn_SharesofSubsidiaryRepurchasedforShareAwardPlan
Interest rate swap settlement 0us-gaap_PaymentsForDerivativeInstrumentFinancingActivities 0us-gaap_PaymentsForDerivativeInstrumentFinancingActivities (2,368)us-gaap_PaymentsForDerivativeInstrumentFinancingActivities
Payments on long-term land concession obligation (29,338)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (27,917)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (13,449)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Payment of financing costs (38,683)us-gaap_PaymentsOfDebtIssuanceCosts (42,006)us-gaap_PaymentsOfDebtIssuanceCosts (56,890)us-gaap_PaymentsOfDebtIssuanceCosts
Net cash used in financing activities (235,625)us-gaap_NetCashProvidedByUsedInFinancingActivities (291,143)us-gaap_NetCashProvidedByUsedInFinancingActivities (382,479)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate on cash (1,217)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,903us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 4,247us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Cash and cash equivalents:      
(Decrease) increase in cash and cash equivalents (252,877)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 709,822us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 462,632us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Balance, beginning of year 2,435,041us-gaap_CashAndCashEquivalentsAtCarryingValue 1,725,219us-gaap_CashAndCashEquivalentsAtCarryingValue 1,262,587us-gaap_CashAndCashEquivalentsAtCarryingValue
Balance, end of year 2,182,164us-gaap_CashAndCashEquivalentsAtCarryingValue 2,435,041us-gaap_CashAndCashEquivalentsAtCarryingValue 1,725,219us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash transactions:      
Cash paid for interest, net of amounts capitalized 295,041us-gaap_InterestPaidNet 284,849us-gaap_InterestPaidNet 225,499us-gaap_InterestPaidNet
Cash paid for income taxes 3,041us-gaap_IncomeTaxesPaidNet 2,518us-gaap_IncomeTaxesPaidNet 4,547us-gaap_IncomeTaxesPaidNet
Non-cash transactions:      
Increase in debt related to the redemption of stock 0wynn_RedemptionPriceOfSharesCancelled 0wynn_RedemptionPriceOfSharesCancelled 1,936,443wynn_RedemptionPriceOfSharesCancelled
Stock-based compensation capitalized into construction 5,710us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount 195us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount 195us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
Change in property and equipment included in accounts and construction payables 132,079wynn_ChangeInPropertyAndEquipmentIncludedInAccountsAndConstructionPayables 67,650wynn_ChangeInPropertyAndEquipmentIncludedInAccountsAndConstructionPayables 6,557wynn_ChangeInPropertyAndEquipmentIncludedInAccountsAndConstructionPayables
Increase in liability for dividends declared on nonvested stock $ 1,668wynn_CashDistributionOnNonVestedStock $ 2,708wynn_CashDistributionOnNonVestedStock $ 866wynn_CashDistributionOnNonVestedStock