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Wynn Resorts WYNN Pre-opening costs

Pre-opening costs at other companies

Las Vegas Sands logo
Las Vegas SandsLVS
$5M-44.4%
Churchill Downs logo
Churchill DownsCHDN
$2M-16.7%

Other financials

Income statement

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Revenue$1.9B+6.9%
Operating income$297.6M+12.5%
Net income$140.1M+112%
EPS (diluted)$1.32+106%

Balance sheet

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Cash & equivalents$1.4B-3.2%
Total debt$12.3B+1.4%
Total equity-$169.5M+61.6%
Total assets$13.2B+3.7%

Cash flow

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Operating cash flow$491.9M+21.4%
CapEx$153.0M-7.4%
Free cash flow$338.9M+41.3%

Valuation

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Market cap$10.5B-6.3%
Enterprise value$21.42B-2.2%
P/E23.4×-5.8×
P/S1.4×-0.2×

Profitability

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Operating margin15.7%+0.9pp
Net margin6.1%+0.5pp
FCF margin10.7%0.0pp

Returns & leverage

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Return on equity-398.7%
Debt / equity117.2×
Current ratio0.9×-0.1×

Where this comes from

Reported directly by Wynn Resorts in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The source filing: Wynn Resorts’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001174922-26-000055
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Entertainment, retail and other51,39058,041111,103120,227
General and administrative270,115280,815545,319556,504
Provision for credit losses6,9303,35310,9874,749
Pre-opening9,23211,28620,97716,573
Depreciation and amortization165,421152,907325,948308,328
Property charges and other9,66213,24521,29125,477
Total operating expenses1,559,3451,473,1973,133,5032,905,005
Operating income297,588264,600580,192533,189

Item 1. Financial Statements

FAQ

What is Wynn Resorts's pre-opening costs?
Wynn Resorts (WYNN) reported pre-opening costs of $9.23M in Q2 2026.
How has Wynn Resorts's pre-opening costs changed year-over-year?
Wynn Resorts's pre-opening costs decreased by 18.2% year-over-year, from $11.29M to $9.23M.
What is the long-term trend for Wynn Resorts's pre-opening costs?
Over 4 years (2021 to 2025), Wynn Resorts's pre-opening costs has grown at a 54.1% compound annual growth rate (CAGR), from $6.82M to $38.49M.
What does pre-opening costs mean?
Pre-opening costs include expenses incurred in connection with the development and launch of new resorts or significant property expansions prior to their official opening. These costs often involve staffing, training, and marketing efforts required to prepare for operations. They are non-recurring in nature and are essential for evaluating the investment phase of new projects.

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