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Cash, Cash Equivalents and Restricted Cash
 12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents and Restricted Cash Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash consisted of the following (in thousands):
December 31,
20252024
Cash and cash equivalents:
Cash(1)
$1,297,417 $1,639,151 
Cash equivalents(2)
166,025 787,004 
Total cash and cash equivalents1,463,442 2,426,155 
Restricted cash(3)
96,653 95,638 
Total cash, cash equivalents and restricted cash $1,560,095 $2,521,793 
(1)Cash consists of cash on hand and bank deposits.
(2)Cash equivalents consist of bank time deposits, U.S. government treasuries and money market funds, which excludes $601.8 million of short-term investments described in Note 2 - "Basis of Presentation and Significant Accounting Policies."
(3)Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in a trust in accordance with WML's share award plan, and as of December 31, 2025 and 2024 includes $87.3 million and $87.5 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support Wynn Macau SA's legal and contractual obligations through the term of the Gaming Concession Contract.
The following table disclose the supplemental cash flow disclosures of the Company (in thousands):
Year Ended December 31,
202520242023
Cash paid for interest, net of amounts capitalized$585,425 $658,438 $688,350 
Capitalized stock-based compensation$5,589 $5,242 $5,268 
Cash paid for income taxes, net of refunds received$9,243 $10,160 $10,310 
Finance lease liabilities arising from obtaining finance lease assets$41,154 $80,021 $8,842 
Liability settled with shares of common stock$7,922 $8,015 $6,639 
Accounts and construction payables related to property and equipment$101,729 $85,949 $60,313 
Liabilities arising from obtaining property and equipment$21,400 $— $— 
Other liabilities related to intangible assets(1)
$— $— $209,410 
Net settlement of liabilities in connection with an asset sale$— $27,655 $— 
(1)    For the year ended December 31, 2023, included $206.5 million related to the Macau gaming premium in connection with the Gaming Concession Contract. See Note 6, "Intangible Assets, net" for further information.