Wynn Resorts (WYNN) FY2021 results: revenue $3.8 billion, up 79.6% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 December 2021, up 79.6% on the year before. Net income was -$756 million, and diluted earnings per share $-6.64. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$3.8 billion
+79.6% on the year
FY2014FY2021
Operating margin
-10.5%
-58.8% a year earlier
FY2014FY2021
Net income
-$756 million
FY2014FY2021
Diluted EPS
-$6.64
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-223
-1,072
901
Capital expenditure
291
290
1,063
+0.2%
Free cash flow
-513
-1,363
-162
Free cash flow margin
-13.6%
-65.0%
-2.5%
Cash from investing
-342
-266
-1,069
Cash from financing
-388
2,463
299
Depreciation and amortisation
716
726
625
-1.3%
Share-based compensation
95.2
62.3
39.7
+53.0%
Buybacks
13.8
11.5
67.0
+20.0%
Dividends paid
1.6
109
567
-98.6%
Dividend per share
n/a
n/a
$3.75
Diluted shares, weighted
114m
107m
107m
+6.6%
Shares outstanding at period end
116m
108m
107m
+7.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-214
-352
1,743
Non-controlling interest
-622
-385
-202
Debt
11,935
13,066
10,404
-8.7%
Operating lease liabilities
115
123
159
-6.4%
Finance lease liabilities
44.0
54.4
17.8
-19.1%
Other liabilities
1,273
1,364
1,749
-6.6%
Total liabilities and equity
12,531
13,870
13,871
-9.7%
Fixed assets
8,765
9,197
9,624
-4.7%
Goodwill
130
144
18.5
-10.0%
Intangible assets
169
126
146
+34.8%
Cash and equivalents
2,523
3,482
2,352
-27.6%
Receivables
199
200
346
-0.3%
Inventory
70.0
66.3
88.5
+5.6%
Other assets
674
655
1,296
+3.0%
Total assets
12,531
13,870
13,871
-9.7%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.