WYNN RESORTS LTD
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
WYNN$87.30+0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $409,135 | $639,716 | $782,217 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 620,633 | 658,895 | 687,270 |
| Deferred income taxes | 97,282 | (6,838) | (502,784) |
| Stock-based compensation expense | 91,927 | 59,029 | 64,515 |
| Amortization of debt issuance costs | 39,957 | 39,428 | 39,532 |
| Loss on debt financing transactions | 1,701 | 2,913 | 12,683 |
| Provision for credit losses | 12,824 | 4,986 | (3,964) |
| Change in derivatives fair value | 43,289 | (42,478) | (45,098) |
| Impairment of goodwill and intangible assets | — | — | 94,490 |
| Property charges and other | 74,683 | 106,332 | 117,176 |
| Increase (decrease) in cash from changes in: | |||
| Receivables, net | (89,980) | 13,478 | (123,747) |
| Inventories, prepaid expenses and other | (10,724) | 26,632 | (6,025) |
| Customer deposits | 58,644 | (36,967) | 37,951 |
| Accounts payable and accrued expenses | 3,282 | (38,923) | 93,663 |
| Net cash provided by operating activities | 1,352,653 | 1,426,203 | 1,247,879 |
| Cash flows from investing activities: | |||
| Capital expenditures, net of construction payables and retention | (660,433) | (419,929) | (442,793) |
| Investments in unconsolidated affiliates | (328,928) | (563,418) | (53,631) |
| Purchase of investments | (668,890) | — | (836,519) |
| Proceeds from maturity of investments | — | 850,000 | — |
| Purchase of intangible and other assets | (457) | (2,615) | (10,752) |
| Proceeds from sale of assets and other | 1,547 | 52,404 | 1,162 |
| Net cash used in investing activities | (1,657,161) | (83,558) | (1,342,533) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 1,752,812 | 1,883,794 | 1,200,000 |
| Repayments of long-term debt | (1,763,125) | (3,059,832) | (1,533,124) |
| Repurchase of common stock | (380,109) | (401,802) | (212,455) |
| Proceeds from exercise of stock options | 457 | 1,017 | 1,965 |
| Distribution to noncontrolling interest | (25,672) | (16,988) | (22,579) |
| Dividends paid | (174,662) | (139,564) | (84,733) |
| Finance lease payments | (25,804) | (19,219) | (19,267) |
| Payments for financing costs | (28,055) | (36,714) | (41,240) |
| Other | (9,142) | (4,486) | (7,773) |
| Net cash used in financing activities | (653,300) | (1,793,794) | (719,206) |
| Effect of exchange rate on cash, cash equivalents and restricted cash | (3,890) | 3,530 | 282 |
| Cash, cash equivalents and restricted cash: | |||
| Decrease in cash, cash equivalents and restricted cash | (961,698) | (447,619) | (813,578) |
| Balance, beginning of period | 2,521,793 | 2,969,412 | 3,782,990 |
| Balance, end of period | $1,560,095 | $2,521,793 | $2,969,412 |
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