Wynn Resorts (WYNN) FY2016 results: revenue $4.3 billion, up 6.6% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $4.3 billion for fiscal 2016, the year ended 31 December 2016, up 6.6% on the year before. Net income was $242 million, up 23.9%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$4.3 billion
+6.6% on the year
FY2009FY2016
Operating margin
12.0%
16.2% a year earlier
FY2009FY2016
Net income
$242 million
+23.9% on the year
FY2009FY2016
Diluted EPS
$2.38
+24.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,346
4,076
5,434
+6.6%
Selling, general and administrative
548
465
492
+17.9%
Operating income
522
659
1,266
-20.8%
Operating margin
12.0%
16.2%
23.3%
Interest expense
289
301
315
-3.8%
Pre-tax income
311
289
959
+7.4%
Income tax
8.1
7.7
-3.8
+5.2%
Effective tax rate
2.6%
2.7%
-0.4%
Net income
242
195
732
+23.9%
Net margin
5.6%
4.8%
13.5%
Diluted EPS
$2.38
$1.92
$7.18
+24.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
971
573
1,098
+69.4%
Capital expenditure
1,226
1,921
1,221
-36.2%
Free cash flow
-255
-1,348
-123
Free cash flow margin
-5.9%
-33.1%
-2.3%
Cash from investing
-1,288
-1,892
-1,114
Cash from financing
883
1,216
-236
-27.4%
Depreciation and amortisation
405
323
314
+25.4%
Share-based compensation
43.2
38.3
39.2
+12.9%
Buybacks
14.0
7.2
2.1
+94.7%
Dividends paid
325
499
943
-34.8%
Diluted shares, weighted
102m
102m
102m
+0.2%
Shares outstanding at period end
102m
102m
101m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
158
-112
-28.8
Non-controlling interest
99.9
134
240
-25.3%
Debt
10,125
9,150
7,345
+10.7%
Other liabilities
1,570
1,288
1,507
+22.0%
Total liabilities and equity
11,954
10,459
9,063
+14.3%
Fixed assets
8,260
7,477
5,856
+10.5%
Intangible assets
114
111
112
+2.4%
Investments
301
252
250
+19.8%
Cash and equivalents
2,453
2,080
2,182
+17.9%
Receivables
219
188
238
+16.5%
Inventory
91.5
74.5
72.2
+22.9%
Other assets
515
277
352
+86.2%
Total assets
11,954
10,459
9,063
+14.3%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.