WYNN RESORTS LTD
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
WYNN$86.70+4.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating revenues: | |||
| Casino | $3,718,402 | $1,632,541 | $2,133,420 |
| Rooms | 1,185,671 | 802,138 | 592,571 |
| Food and beverage | 1,028,637 | 846,214 | 633,911 |
| Entertainment, retail and other | 599,187 | 475,932 | 403,762 |
| Total operating revenues | 6,531,897 | 3,756,825 | 3,763,664 |
| Operating expenses: | |||
| Casino | 2,238,671 | 1,099,801 | 1,394,098 |
| Rooms | 307,132 | 261,343 | 197,734 |
| Food and beverage | 822,323 | 700,549 | 516,391 |
| Entertainment, retail and other | 340,437 | 328,529 | 450,358 |
| General and administrative | 1,065,022 | 830,450 | 796,592 |
| Provision for credit losses | (3,964) | (7,295) | 29,487 |
| Pre-opening | 9,468 | 20,643 | 6,821 |
| Depreciation and amortization | 687,270 | 692,318 | 715,962 |
| Gain on EBH Transaction, net | — | (181,989) | — |
| Impairment of goodwill and intangible assets | 94,490 | 48,036 | 10,254 |
| Property charges and other | 130,877 | 65,116 | 40,508 |
| Total operating expenses | 5,691,726 | 3,857,501 | 4,158,205 |
| Operating income (loss) | 840,171 | (100,676) | (394,541) |
| Other income (expense): | |||
| Interest income | 175,785 | 29,758 | 3,213 |
| Interest expense, net of amounts capitalized | (751,509) | (650,885) | (605,562) |
| Change in derivatives fair value | 45,098 | 15,956 | 11,360 |
| Loss on debt financing transactions | (12,683) | — | (2,060) |
| Other | (11,479) | 5,811 | (23,926) |
| Other expense, net | (554,788) | (599,360) | (616,975) |
| Income (loss) before income taxes | 285,383 | (700,036) | (1,011,516) |
| Benefit (provision) for income taxes | 496,834 | (9,332) | (474) |
| Net income (loss) | 782,217 | (709,368) | (1,011,990) |
| Less: net (income) loss attributable to noncontrolling interests | (52,223) | 285,512 | 256,204 |
| Net income (loss) attributable to Wynn Resorts, Limited | $729,994 | $(423,856) | $(755,786) |
| Basic and diluted net income (loss) per common share: | |||
| Net income (loss) attributable to Wynn Resorts, Limited: | |||
| Basic | $6.49 | $(3.73) | $(6.64) |
| Diluted | $6.32 | $(3.73) | $(6.64) |
| Weighted average common shares outstanding: | |||
| Basic | 112,523 | 113,623 | 113,760 |
| Diluted | 112,855 | 113,623 | 113,760 |
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