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Wynn Resorts WYNN Pre Open Costs — Allocated Share Based Compensation Expense

Discontinued — last reported Q3 '17

Similar metrics at other companies

RHP
RHPHospitality — Pre Opening Costs
$100K-85.7%
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MGMReportable Legal Entities — Pre Opening Costs
$60.18M+317%
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RHPMaterial Reconciling Items — Pre Opening Costs
$0-100%
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RHPEntertainment — Pre Opening Costs
$387K+345%
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MGMPreopening and start-up expenses
-$977K-1,049%
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WPCOperating Segments — Allocated Share Based Compensation Expense
$3.45M-25.0%

Other financials

Income statement

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Revenue$1.9B+9.2%
Operating income$282.6M+5.2%
Net income$120.5M+65.6%
EPS (diluted)$1.04+50.7%

Balance sheet

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Cash & equivalents$1.1B-16.0%
Total debt$12.2B-0.2%
Total equity-$211.8M+41.3%
Total assets$12.9B+1.4%

Cash flow

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Operating cash flow$153.5M+14.7%
CapEx$179.1M+12.0%
Free cash flow-$25.6M+2.1%

Valuation

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Market cap$10.95B+19.2%
Enterprise value$22.02B+9.5%
P/E29.2×+7.8×
P/S1.5×+0.2×

Profitability

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Operating margin15.5%+0.6pp
Net margin5.1%-1.0pp
FCF margin9.5%-1.5pp

Returns & leverage

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Return on equity-398.7%
Debt / equity117.2×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Wynn Resorts in its filing.

Tagged under the XBRL concept us-gaap:AllocatedShareBasedCompensationExpense.

The official record: Wynn Resorts’s 10-Q, filed November 8, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does pre open costs — allocated share based compensation expense mean?
The amount of stock-based pay assigned to the costs of preparing a new resort for its grand opening.
How do you interpret pre open costs — allocated share based compensation expense?
An increase indicates higher investment in human capital for upcoming projects or a change in equity grant valuations, while a decrease may suggest project completion or reduced staffing intensity during the pre-opening phase.
How does pre open costs — allocated share based compensation expense compare across companies?
Peers in the integrated resort and gaming industry often report pre-opening expenses separately, though share-based compensation allocation practices vary significantly based on internal accounting policies.