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Summary of Results of Operations by Segment (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Segment Reporting Information [Line Items]        
Net revenues $ 996,285 $ 1,370,010 $ 3,128,981 $ 4,295,686
Adjusted Property EBITDA [1] 279,891 458,779 898,338 1,420,820
Other operating costs and expenses        
Pre-opening costs 19,467 6,718 52,433 14,792
Depreciation and amortization 80,649 79,027 245,428 234,037
Property charges and other 987 1,640 3,963 13,674
Corporate expenses and other 16,806 27,883 59,286 83,682
Stock-based compensation expense 9,210 10,369 30,206 22,714
Equity in income (loss) from unconsolidated affiliates (2) 567 68 1,173
Total 127,117 126,204 391,384 370,072
Operating income 152,774 332,575 506,954 1,050,748
Non-operating income and expenses        
Interest income 1,465 5,814 4,655 16,072
Interest expense, net of amounts capitalized (74,079) (79,048) (227,298) (236,069)
Increase (decrease) in swap fair value (1,287) 2,360 (7,010) (1,451)
Decrease in Redemption Note fair value 13,720 0 13,720 0
Loss on extinguishment of debt (5,971) (3,573) (126,004) (7,356)
Equity in income (loss) from unconsolidated affiliates (2) 567 68 1,173
Other 459 (801) 1,790 (405)
Total other non-operating costs and expenses (65,695) (74,681) (340,079) (228,036)
Income before income taxes 87,079 257,894 166,875 822,712
Benefit (provision) for income taxes 3,906 (4,888) (12,589) (8,261)
Net income 90,985 253,006 154,286 814,451
Macau Operations        
Segment Reporting Information [Line Items]        
Net revenues 585,116 942,255 1,907,425 3,035,588
Adjusted Property EBITDA [1] 162,822 325,529 548,555 1,016,858
Las Vegas        
Segment Reporting Information [Line Items]        
Net revenues 411,169 427,755 1,221,556 1,260,098
Adjusted Property EBITDA [1] $ 117,069 $ 133,250 $ 349,783 $ 403,962
[1] "Adjusted Property EBITDA" is net income before interest, taxes, depreciation and amortization, pre-opening costs, property charges and other, management and license fees, corporate expenses and other, intercompany golf course and water rights leases, stock-based compensation, loss on extinguishment of debt, change in interest rate swap fair value, change in Redemption Note fair value and other non-operating income and expenses, and includes equity in income (loss) from unconsolidated affiliates. Adjusted Property EBITDA is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDA as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors. The Company also presents Adjusted Property EBITDA because it is used by some investors as a way to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDA as a supplement to financial measures in accordance with U.S. GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including Wynn Resorts, Limited, have historically excluded from their EBITDA calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation that do not relate to the management of specific casino properties. However, Adjusted Property EBITDA should not be considered as an alternative to operating income as an indicator of the Company's performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike measures of net income, Adjusted Property EBITDA does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDA. Also, Wynn Resorts' calculation of Adjusted Property EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.