For the year ending 2025-12-31, WYNN had -$961,698K decrease in cash & cash equivalents over the period. $692,220K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 409,135 | 639,716 | 782,217 | -709,368 |
| Depreciation and amortization | 620,633 | 658,895 | 687,270 | 692,318 |
| Deferred income taxes | 97,282 | -6,838 | -502,784 | 3,241 |
| Stock-based compensation expense | 91,927 | 59,029 | 64,515 | 67,627 |
| Amortization of debt issuance costs | 39,957 | 39,428 | 39,532 | 29,427 |
| Loss on debt financing transactions | 1,701 | 2,913 | 12,683 | 0 |
| Provision for credit losses | 12,824 | 4,986 | -3,964 | -7,295 |
| Change in derivatives fair value | -43,289 | 42,478 | 45,098 | 15,956 |
| Gain on ebh transaction, net | - | 0 | 0 | 181,989 |
| Impairment of goodwill and intangible assets | 0 | 0 | 94,490 | - |
| Property charges and other | 74,683 | 106,332 | 117,176 | 107,341 |
| Receivables, net | 89,980 | -13,478 | 123,747 | 9,335 |
| Inventories, prepaid expenses and other | 10,724 | -26,632 | 6,025 | 19,737 |
| Customer deposits | 58,644 | -36,967 | 37,951 | 69,692 |
| Accounts payable and accrued expenses | 3,282 | -38,923 | 93,663 | -97,238 |
| Net cash provided by operating activities | 1,352,653 | 1,426,203 | 1,247,879 | -71,272 |
| Capital expenditures, net of construction payables and retention | 660,433 | 419,929 | 442,793 | 300,127 |
| Investments in unconsolidated affiliates | 328,928 | 563,418 | - | - |
| Purchase of investments | 668,890 | 0 | 836,519 | - |
| Proceeds from maturity of investments | 0 | 850,000 | - | - |
| Purchase of intangible and other assets | 457 | 2,615 | 64,383 | 52,377 |
| Cash acquired from business combination | - | - | - | 0 |
| Proceeds from ebh transaction | - | 0 | 0 | 1,700,000 |
| Proceeds from sale of assets and other | 1,547 | 52,404 | 1,162 | 1,471 |
| Net cash used in investing activities | -1,657,161 | -83,558 | -1,342,533 | 1,348,967 |
| Proceeds from issuance of long-term debt | 1,752,812 | 1,883,794 | 1,200,000 | 211,435 |
| Repayments of long-term debt | 1,763,125 | 3,059,832 | 1,533,124 | 50,000 |
| Proceeds from issuance of wynn resorts, limited common stock | - | - | 0 | 0 |
| Repurchase of common stock | 380,109 | 401,802 | 212,455 | 187,499 |
| Proceeds from exercise of stock options | 457 | 1,017 | 1,965 | 0 |
| Proceeds from issuance of subsidiary common stock | - | 0 | 0 | 2,895 |
| Proceeds from sale of noncontrolling interest in subsidiary | - | 0 | 0 | 50,033 |
| Payments to acquire ownership interest in subsidiary | - | - | 0 | 0 |
| Distribution to noncontrolling interest | 25,672 | 16,988 | 22,579 | 27,744 |
| Dividends paid | 174,662 | 139,564 | 84,733 | 1,445 |
| Finance lease payments | 25,804 | 19,219 | 19,267 | 18,188 |
| Payments for financing costs | 28,055 | 36,714 | 41,240 | 3,165 |
| Other | -9,142 | -4,486 | -7,773 | - |
| Net cash used in financing activities | -653,300 | -1,793,794 | -719,206 | -23,678 |
| Effect of exchange rate on cash, cash equivalents and restricted cash | -3,890 | 3,530 | 282 | -2,094 |
| Decrease in cash, cash equivalents and restricted cash | -961,698 | -447,619 | -813,578 | 1,251,923 |
| Balance, beginning of period | 2,521,793 | 2,969,412 | 3,782,990 | 2,531,067 |
| Balance, end of period | 1,560,095 | 2,521,793 | 2,969,412 | 3,782,990 |
WYNN RESORTS LTD (WYNN)
WYNN RESORTS LTD (WYNN)