Wynn Resorts (WYNN) FY2020 results: revenue $2.1 billion, down 68.3% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $2.1 billion for fiscal 2020, the year ended 31 December 2020, down 68.3% on the year before. Net income was -$2.1 billion, and diluted earnings per share $-19.37. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$2.1 billion
-68.3% on the year
FY2013FY2020
Operating margin
-58.8%
13.3% a year earlier
FY2013FY2020
Net income
-$2.1 billion
FY2013FY2020
Diluted EPS
-$19.37
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,096
6,611
6,718
-68.3%
Selling, general and administrative
721
897
761
-19.6%
Operating income
-1,232
878
736
Operating margin
-58.8%
13.3%
10.9%
Interest expense
556
414
382
+34.4%
Pre-tax income
-1,762
488
306
Income tax
565
177
-497
+219.3%
Effective tax rate
n/a
36.2%
-162.7%
Net income
-2,067
123
572
Net margin
-98.6%
1.9%
8.5%
Diluted EPS
-$19.37
$1.15
$5.35
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-1,072
901
961
Capital expenditure
290
1,063
1,476
-72.7%
Free cash flow
-1,363
-162
-514
Free cash flow margin
-65.0%
-2.5%
-7.7%
Cash from investing
-266
-1,069
-1,223
Cash from financing
2,463
299
-324
+723.8%
Depreciation and amortisation
726
625
551
+16.1%
Share-based compensation
62.3
39.7
36.5
+56.8%
Buybacks
11.5
67.0
160
-82.8%
Dividends paid
109
567
570
-80.8%
Dividend per share
n/a
$3.75
$2.75
Diluted shares, weighted
107m
107m
107m
-0.2%
Shares outstanding at period end
108m
107m
107m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-352
1,743
2,034
Non-controlling interest
-385
-202
-219
Debt
13,066
10,404
9,423
+25.6%
Operating lease liabilities
123
159
0.0
-22.7%
Finance lease liabilities
54.4
17.8
n/a
+206.2%
Other liabilities
1,364
1,749
1,978
-22.0%
Total liabilities and equity
13,870
13,871
13,216
-0.0%
Fixed assets
9,197
9,624
9,386
-4.4%
Goodwill
144
18.5
0.0
+680.5%
Intangible assets
126
146
223
-14.1%
Investments
n/a
n/a
0.0
Cash and equivalents
3,482
2,352
2,215
+48.1%
Receivables
200
346
277
-42.2%
Inventory
66.3
88.5
66.6
-25.1%
Other assets
655
1,296
1,050
-49.5%
Total assets
13,870
13,871
13,216
-0.0%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.