AI English summary of an SEC filing — figures as filed
Wynn Resorts WYNNThe company said operating revenues for Q4 2023 with its year were $1.84 billion, up $835.5 million from $1.00 billion for Q4 2022 with its year. Net income attributable to Wynn Resorts, Limited was $729.2 million, and diluted net income per share was $6.19.
Key points
AI summaryThe company said operating revenues for Q4 2023 with its year were $1.84 billion, up $835.5 million from $1.00 billion for Q4 2022 with its year. Net income attributable to Wynn Resorts, Limited was $729.2 million, and diluted net income per share was $6.19.
Wynn Resorts said the increase in net income attributable to Wynn Resorts, Limited was driven by higher operating revenues at its Macau Operations and Las Vegas Operations, as well as an income tax benefit from releasing the valuation allowance on certain deferred tax assets after the company achieved sustained profitability in the U.S. It said the release was $474,214 thousand in the adjustments reconciliation.
The company said Adjusted Property EBITDAR for Q4 2023 with its year was $630.4 million, up $435.3 million from $195.1 million a year earlier. Full-year Adjusted Property EBITDAR was $2.11 billion in 2023 and $725.4 million in 2022.
The company said cash and cash equivalents were $2.88 billion as of December 31, 2023 with year, and total debt outstanding was $11.74 billion. It repurchased 1,609,625 shares for an aggregate $139.3 million in Q4 2023 with its year. For the full year, it repurchased 2,206,573 shares for $195.5 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Wynn Resorts Reports Q4 2023 Revenue and Net Income
The company said operating revenues for Q4 2023 with its year were $1.84 billion, up $835.5 million from $1.00 billion for Q4 2022 with its year. Net income attributable to Wynn Resorts, Limited was $729.2 million, and diluted net income per share was $6.19.
Source · Based on the filing body and exhibits
Net income increase and tax benefit in Q4 2023
Wynn Resorts said the increase in net income attributable to Wynn Resorts, Limited was driven by higher operating revenues at its Macau Operations and Las Vegas Operations, as well as an income tax benefit from releasing the valuation allowance on certain deferred tax assets after the company achieved sustained profitability in the U.S. It said the release was $474,214 thousand in the adjustments reconciliation.
Source · Based on the filing body and exhibits
Q4 2023 and Full-Year Adjusted Property EBITDAR
The company said Adjusted Property EBITDAR for Q4 2023 with its year was $630.4 million, up $435.3 million from $195.1 million a year earlier. Full-year Adjusted Property EBITDAR was $2.11 billion in 2023 and $725.4 million in 2022.
Source · Based on the filing body and exhibits
December 31, 2023 Cash, Debt and Share Repurchases
The company said cash and cash equivalents were $2.88 billion as of December 31, 2023 with year, and total debt outstanding was $11.74 billion. It repurchased 1,609,625 shares for an aggregate $139.3 million in Q4 2023 with its year. For the full year, it repurchased 2,206,573 shares for $195.5 million.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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