Wynn Resorts (WYNN) FY2023 results: revenue $6.5 billion, up 73.9% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $6.5 billion for fiscal 2023, the year ended 31 December 2023, up 73.9% on the year before. Net income was $730 million, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$6.5 billion
+73.9% on the year
FY2016FY2023
Operating margin
12.9%
-2.7% a year earlier
FY2016FY2023
Net income
$730 million
FY2016FY2023
Diluted EPS
$6.32
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,248
-71.3
-223
Capital expenditure
443
300
291
+47.5%
Free cash flow
805
-371
-513
Free cash flow margin
12.3%
-9.9%
-13.6%
Cash from investing
-1,343
1,349
-342
Cash from financing
-719
-23.7
-388
Depreciation and amortisation
687
692
716
-0.7%
Share-based compensation
64.5
67.6
95.2
-4.6%
Buybacks
212
187
13.8
+13.3%
Dividends paid
84.7
1.4
1.6
+5,763.9%
Diluted shares, weighted
113m
114m
114m
-0.7%
Shares outstanding at period end
112m
113m
116m
-1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-251
-751
-214
Non-controlling interest
-850
-890
-622
Debt
11,738
12,117
11,935
-3.1%
Operating lease liabilities
1,632
1,615
115
+1.0%
Finance lease liabilities
24.0
29.4
44.0
-18.3%
Other liabilities
1,703
1,294
1,273
+31.6%
Total liabilities and equity
13,996
13,415
12,531
+4.3%
Fixed assets
6,688
6,896
8,765
-3.0%
Goodwill
18.5
90.5
130
-79.6%
Intangible assets
303
146
169
+107.0%
Cash and equivalents
2,879
3,650
2,523
-21.1%
Receivables
342
216
199
+58.2%
Inventory
75.6
70.1
70.0
+7.8%
Other assets
3,690
2,346
674
+57.3%
Total assets
13,996
13,415
12,531
+4.3%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.