Wynn Resorts (WYNN) FY2022 results: revenue $3.8 billion, down 0.2% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $3.8 billion for fiscal 2022, the year ended 31 December 2022, down 0.2% on the year before. Net income was -$424 million, and diluted earnings per share $-3.73. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$3.8 billion
-0.2% on the year
FY2015FY2022
Operating margin
-2.7%
-10.5% a year earlier
FY2015FY2022
Net income
-$424 million
FY2015FY2022
Diluted EPS
-$3.73
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-71.3
-223
-1,072
Capital expenditure
300
291
290
+3.3%
Free cash flow
-371
-513
-1,363
Free cash flow margin
-9.9%
-13.6%
-65.0%
Cash from investing
1,349
-342
-266
Cash from financing
-23.7
-388
2,463
Depreciation and amortisation
692
716
726
-3.3%
Share-based compensation
67.6
95.2
62.3
-29.0%
Buybacks
187
13.8
11.5
+1,254.6%
Dividends paid
1.4
1.6
109
-7.0%
Diluted shares, weighted
114m
114m
107m
-0.1%
Shares outstanding at period end
113m
116m
108m
-2.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-751
-214
-352
Non-controlling interest
-890
-622
-385
Debt
12,117
11,935
13,066
+1.5%
Operating lease liabilities
1,615
115
123
+1,302.2%
Finance lease liabilities
29.4
44.0
54.4
-33.2%
Other liabilities
1,294
1,273
1,364
+1.6%
Total liabilities and equity
13,415
12,531
13,870
+7.1%
Fixed assets
6,896
8,765
9,197
-21.3%
Goodwill
90.5
130
144
-30.2%
Intangible assets
146
169
126
-13.6%
Cash and equivalents
3,650
2,523
3,482
+44.7%
Receivables
216
199
200
+8.3%
Inventory
70.1
70.0
66.3
+0.2%
Other assets
2,346
674
655
+247.8%
Total assets
13,415
12,531
13,870
+7.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.