Wynn Resorts (WYNN) FY2015 results: revenue $4.1 billion, down 25.0% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $4.1 billion for fiscal 2015, the year ended 31 December 2015, down 25.0% on the year before. Net income was $195 million, down 73.3%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$4.1 billion
-25.0% on the year
FY2008FY2015
Operating margin
16.2%
23.3% a year earlier
FY2008FY2015
Net income
$195 million
-73.3% on the year
FY2008FY2015
Diluted EPS
$1.92
-73.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,076
5,434
5,621
-25.0%
Selling, general and administrative
465
492
449
-5.6%
Operating income
659
1,266
1,290
-48.0%
Operating margin
16.2%
23.3%
23.0%
Interest expense
301
315
299
-4.5%
Pre-tax income
289
959
987
-69.8%
Income tax
7.7
-3.8
-17.6
Effective tax rate
2.7%
-0.4%
-1.8%
Net income
195
732
729
-73.3%
Net margin
4.8%
13.5%
13.0%
Diluted EPS
$1.92
$7.18
$7.17
-73.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
573
1,098
1,677
-47.8%
Capital expenditure
1,921
1,221
515
+57.3%
Free cash flow
-1,348
-123
1,162
Free cash flow margin
-33.1%
-2.3%
20.7%
Cash from investing
-1,892
-1,114
-678
Cash from financing
1,216
-236
-291
Depreciation and amortisation
323
314
371
+2.7%
Share-based compensation
38.3
39.2
39.5
-2.2%
Buybacks
7.2
2.1
15.5
+249.1%
Dividends paid
499
943
1,035
-47.1%
Dividend per share
n/a
n/a
$3.00
Diluted shares, weighted
102m
102m
102m
-0.3%
Shares outstanding at period end
102m
101m
101m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-112
-28.8
-185
Non-controlling interest
134
240
317
-44.2%
Debt
9,150
7,345
6,588
+24.6%
Other liabilities
1,288
1,507
2,282
-14.5%
Total liabilities and equity
10,459
9,063
9,002
+15.4%
Fixed assets
7,477
5,856
4,934
+27.7%
Intangible assets
111
112
30.8
-1.2%
Investments
252
250
254
+0.5%
Cash and equivalents
2,080
2,182
2,080
-4.7%
Receivables
188
238
242
-21.0%
Inventory
74.5
72.2
74.7
+3.1%
Other assets
277
352
1,386
-21.4%
Total assets
10,459
9,063
9,002
+15.4%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.