XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:        
Total operating revenues $ 1,737,797 $ 1,732,932 $ 3,438,194 $ 3,595,841
Operating expenses:        
Cost of goods and services sold
General and administrative 280,815 264,727 556,504 536,343
Provision for credit losses 3,353 2,429 4,749 2,516
Pre-opening 11,286 1,558 16,573 3,593
Depreciation and amortization 152,907 176,405 308,328 351,338
Property charges and other 13,245 38,815 25,477 55,763
Total operating expenses 1,473,197 1,463,274 2,905,005 2,963,242
Operating income 264,600 269,658 533,189 632,599
Other income (expense):        
Interest income 15,859 34,884 35,218 75,056
Interest expense, net of amounts capitalized (154,551) (174,596) (312,159) (357,000)
Change in derivatives fair value (1,112) 15,517 (30,651) (2,397)
Loss on debt financing transactions (1,083) 0 (1,083) (1,561)
Other (36,164) 8,745 (44,538) 4,023
Other income (expense), net (177,051) (115,450) (353,213) (281,879)
Income before income taxes 87,549 154,208 179,976 350,720
Provision for income taxes (10,588) (7,935) (21,610) (27,949)
Net income 76,961 146,273 158,366 322,771
Less: net income attributable to noncontrolling interests (10,743) (34,330) (19,401) (66,612)
Net income attributable to Wynn Resorts, Limited $ 66,218 $ 111,943 $ 138,965 $ 256,159
Net income attributable to Wynn Resorts, Limited:        
Basic (in usd per share) $ 0.64 $ 1.01 $ 1.33 $ 2.31
Diluted (in usd per share) $ 0.64 $ 0.91 $ 1.33 $ 2.30
Weighted average common shares outstanding:        
Basic (in shares) 103,491 110,937 104,486 110,980
Diluted (in shares) 103,780 111,175 104,749 111,222
Casino        
Operating revenues:        
Total operating revenues $ 1,051,834 $ 1,008,946 $ 2,092,264 $ 2,130,412
Operating expenses:        
Cost of goods and services sold 643,108 614,518 1,277,941 1,289,957
Rooms        
Operating revenues:        
Total operating revenues 291,053 304,521 565,574 631,935
Operating expenses:        
Cost of goods and services sold 86,042 80,538 170,139 162,615
Food and beverage        
Operating revenues:        
Total operating revenues 261,057 281,404 510,936 548,342
Operating expenses:        
Cost of goods and services sold 224,400 221,343 425,067 427,164
Entertainment, retail and other        
Operating revenues:        
Total operating revenues 133,853 138,061 269,420 285,152
Operating expenses:        
Cost of goods and services sold $ 58,041 $ 62,941 $ 120,227 $ 133,953