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Wynn Resorts Net Income

: $-657 Mil (TTM As of Jun. 2022)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Wynn Resorts's net income for the three months ended in Jun. 2022 was $-130 Mil. Its net income for the trailing twelve months (TTM) ended in Jun. 2022 was $-657 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Wynn Resorts's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $-1.14.


Wynn Resorts Net Income Historical Data

The historical data trend for Wynn Resorts's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wynn Resorts Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 747.18 572.43 122.99 -2,067.25 -755.79

Wynn Resorts Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -131.37 -166.25 -177.19 -183.32 -130.05

Wynn Resorts Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Wynn Resorts's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1011.516+-0.474+0+256.204
=-756

Wynn Resorts's Net Income for the quarter that ended in Jun. 2022 is calculated as

Net Income(Q: Jun. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-212.704+-0.718+0+83.371
=-130

Net Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-657 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Wynn Resorts  (NAS:WYNN) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Wynn Resorts's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Wynn Resorts Net Income Related Terms

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Wynn Resorts Business Description

Wynn Resorts logo
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.
Executives
Cameron-doe Julie officer: CFO C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Strom Darnell O. director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Byrne Richard J director 350 PARK AVENUE 20TH FLOOR NEW YORK NY 10022
Satre Philip G director
Whittemore Ellen F officer: EVP and General Counsel C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Atkins Betsy S director
Myers Margaret Jane director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Webb Winifred Markus director 9330 BALBOA AVE SAN DIEGO CA 92123
Wynn Stephen A 10 percent owner 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Billings Craig Scott officer: CFO and Treasurer C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Cootey Stephen Lawrence officer: CFO, SVP and Treasurer C/O RED ROCK RESORTS, INC. 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Johnson Jay L director P O BOX 26532 RICHMOND VA 23261
Virtue J Edward director 320 PARK AVENUE 17TH FLOOR NEW YORK NY 10022
Wayson Daniel Boone director C/O WYNN RESORTS, LIMITED 3145 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Miller Robert Jos director 6363 SOUTH FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111

Wynn Resorts Headlines

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