WYNN RESORTS LTD
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
WYNN$87.30+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $639,716 | $782,217 | $(709,368) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 658,895 | 687,270 | 692,318 |
| Deferred income taxes | (6,838) | (502,784) | 3,241 |
| Stock-based compensation expense | 59,029 | 64,515 | 67,627 |
| Amortization of debt issuance costs | 39,428 | 39,532 | 29,427 |
| Loss on debt financing transactions | 2,913 | 12,683 | — |
| Provision for credit losses | 4,986 | (3,964) | (7,295) |
| Change in derivatives fair value | (42,478) | (45,098) | (15,956) |
| Gain on EBH Transaction, net | — | — | (181,989) |
| Impairment of goodwill and intangible assets | — | 94,490 | 48,036 |
| Property charges and other | 106,332 | 117,176 | 59,305 |
| Increase (decrease) in cash from changes in: | |||
| Receivables, net | 13,478 | (123,747) | (9,335) |
| Inventories, prepaid expenses and other | 26,632 | (6,025) | (19,737) |
| Customer deposits | (36,967) | 37,951 | 69,692 |
| Accounts payable and accrued expenses | (38,923) | 93,663 | (97,238) |
| Net cash provided by (used in) operating activities | 1,426,203 | 1,247,879 | (71,272) |
| Cash flows from investing activities: | |||
| Capital expenditures, net of construction payables and retention | (419,929) | (442,793) | (300,127) |
| Investment in unconsolidated affiliates | (563,418) | (53,631) | (40,181) |
| Purchase of investments | — | (836,519) | — |
| Proceeds from maturity of investments | 850,000 | — | — |
| Purchase of intangible and other assets | (2,615) | (10,752) | (12,196) |
| Proceeds from EBH Transaction | — | — | 1,700,000 |
| Proceeds from sale of assets and other | 52,404 | 1,162 | 1,471 |
| Net cash (used in) provided by investing activities | (83,558) | (1,342,533) | 1,348,967 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 1,883,794 | 1,200,000 | 211,435 |
| Repayments of long-term debt | (3,059,832) | (1,533,124) | (50,000) |
| Repurchase of common stock | (401,802) | (212,455) | (187,499) |
| Proceeds from exercise of stock options | 1,017 | 1,965 | — |
| Proceeds from issuance of subsidiary common stock | — | — | 2,895 |
| Proceeds from sale of noncontrolling interest in subsidiary | — | — | 50,033 |
| Distribution to noncontrolling interest | (16,988) | (22,579) | (27,744) |
| Dividends paid | (139,564) | (84,733) | (1,445) |
| Finance lease payments | (19,219) | (19,267) | (18,188) |
| Payments for financing costs | (36,714) | (41,240) | (3,165) |
| Other | (4,486) | (7,773) | — |
| Net cash used in financing activities | (1,793,794) | (719,206) | (23,678) |
| Effect of exchange rate on cash, cash equivalents and restricted cash | 3,530 | 282 | (2,094) |
| Cash, cash equivalents and restricted cash: | |||
| (Decrease) increase in cash, cash equivalents and restricted cash | (447,619) | (813,578) | 1,251,923 |
| Balance, beginning of period | 2,969,412 | 3,782,990 | 2,531,067 |
| Balance, end of period | $2,521,793 | $2,969,412 | $3,782,990 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.