Wynn Resorts (WYNN) FY2017 results: revenue $6.1 billion, up 39.7% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $6.1 billion for fiscal 2017, the year ended 31 December 2017, up 39.7% on the year before. Net income was $747 million, up 208.8%, and diluted earnings per share $7.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$6.1 billion
+39.7% on the year
FY2010FY2017
Operating margin
17.4%
12.0% a year earlier
FY2010FY2017
Net income
$747 million
+208.8% on the year
FY2010FY2017
Diluted EPS
$7.28
+205.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,070
4,346
4,076
+39.7%
Selling, general and administrative
685
548
465
+25.1%
Operating income
1,056
522
659
+102.3%
Operating margin
17.4%
12.0%
16.2%
Interest expense
389
289
301
+34.3%
Pre-tax income
560
311
289
+80.4%
Income tax
-329
8.1
7.7
Effective tax rate
-58.7%
2.6%
2.7%
Net income
747
242
195
+208.8%
Net margin
12.3%
5.6%
4.8%
Diluted EPS
$7.28
$2.38
$1.92
+205.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,877
971
573
+93.4%
Capital expenditure
935
1,226
1,921
-23.7%
Free cash flow
941
-255
-1,348
Free cash flow margin
15.5%
-5.9%
-33.1%
Cash from investing
-958
-1,288
-1,892
Cash from financing
-754
883
1,216
Depreciation and amortisation
552
405
323
+36.5%
Share-based compensation
44.0
43.2
38.3
+1.7%
Buybacks
17.8
14.0
7.2
+26.8%
Dividends paid
321
325
499
-1.4%
Dividend per share
$2.00
n/a
n/a
Diluted shares, weighted
103m
102m
102m
+0.7%
Shares outstanding at period end
103m
102m
102m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
948
158
-112
+500.1%
Non-controlling interest
131
99.9
134
+30.6%
Debt
9,629
10,125
9,150
-4.9%
Other liabilities
1,975
1,570
1,288
+25.8%
Total liabilities and equity
12,682
11,954
10,459
+6.1%
Fixed assets
8,499
8,260
7,477
+2.9%
Intangible assets
124
114
111
+8.9%
Investments
327
301
252
+8.6%
Cash and equivalents
2,804
2,453
2,080
+14.3%
Receivables
224
219
188
+2.4%
Inventory
71.6
91.5
74.5
-21.7%
Other assets
632
515
277
+22.6%
Total assets
12,682
11,954
10,459
+6.1%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.