Wynn Resorts Files 2023 10-K, Details Debt Structure

TL;DR

**Wynn Resorts just dropped its 2023 10-K, showing a mix of debt interest rates from 4.25% to 7.75%.**

AI Summary

WYNN RESORTS LTD filed its 10-K on February 23, 2024, for the fiscal year ended December 31, 2023. The filing indicates the company's primary business is Hotels & Motels (SIC 7011) and lists its business address as 3131 Las Vegas Boulevard South, Las Vegas, NV 89109. Key financial data points include various interest rates on long-term debt ranging from 4.25% to 7.75%.

Why It Matters

This filing provides a comprehensive overview of Wynn Resorts' financial health and operational performance for 2023, crucial for investors to assess its stability and future prospects in the competitive hospitality and gaming industry.

Risk Assessment

Risk Level: medium — The company's reliance on various long-term debt instruments with differing interest rates could expose it to interest rate fluctuations and refinancing risks.

Key Numbers

• 4.25% — Lowest Long-Term Debt Interest Rate (Indicates a portion of the company's borrowing costs.)
• 7.75% — Highest Long-Term Debt Interest Rate (Highlights the upper end of the company's borrowing expenses.)
• 2023-12-31 — Fiscal Year End (The period covered by this financial report.)
• 0001174922 — Central Index Key (CIK) (Unique identifier for WYNN RESORTS LTD with the SEC.)

Key Players & Entities

• WYNN RESORTS LTD (company) — filer of 10-K
• Las Vegas (company) — business location
• 4.25% (dollar_amount) — lowest interest rate on long-term debt
• 7.75% (dollar_amount) — highest interest rate on long-term debt
• 2023-12-31 (date) — fiscal year end
• 2024-02-23 (date) — filing date

FAQ

From the Filing

0001174922-24-000046.txt : 20240223 0001174922-24-000046.hdr.sgml : 20240223 20240223170856 ACCESSION NUMBER: 0001174922-24-000046 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 128 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WYNN RESORTS LTD CENTRAL INDEX KEY: 0001174922 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 460484987 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50028 FILM NUMBER: 24672492 BUSINESS ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7027707555 MAIL ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 10-K 1 wynn-20231231.htm 10-K wynn-20231231 FALSE 2023 FY 0001174922 http://fasb.org/us-gaap/2023#Investments P5Y http://fasb.org/us-gaap/2023#GoodwillAndIntangibleAssetImpairment 4.875 5.50 5.50 5.125 5.625 4.5 4.25 5.50 5.25 7.75 5.125 7.125 5.125 7.75 4.25 5.50 5.25 http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent P1Y P2Y 0 0 0 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense P3Y 0001174922 2023-01-01 2023-12-31 0001174922 2023-06-30 iso4217:USD 0001174922 2024-02-14 xbrli:shares 0001174922 2023-12-31 0001174922 2022-12-31 iso4217:USD xbrli:shares 0001174922 us-gaap:CasinoMember 2023-01-01 2023-12-31 0001174922 us-gaap:CasinoMember 2022-01-01 2022-12-31 0001174922 us-gaap:CasinoMember 2021-01-01 2021-12-31 0001174922 us-gaap:OccupancyMember 2023-01-01 2023-12-31 0001174922 us-gaap:OccupancyMember 2022-01-01 2022-12-31 0001174922 us-gaap:OccupancyMember 2021-01-01 2021-12-31 0001174922 us-gaap:FoodAndBeverageMember 2023-01-01 2023-12-31 0001174922 us-gaap:FoodAndBeverageMember 2022-01-01 2022-12-31 0001174922 us-gaap:FoodAndBeverageMember 2021-01-01 2021-12-31 0001174922 wynn:EntertainmentRetailAndOtherMember 2023-01-01 2023-12-31 0001174922 wynn:EntertainmentRetailAndOtherMember 2022-01-01 2022-12-31 0001174922 wynn:EntertainmentRetailAndOtherMember 2021-01-01 2021-12-31 0001174922 2022-01-01 2022-12-31 0001174922 2021-01-01 2021-12-31 0001174922 us-gaap:CommonStockMember 2020-12-31 0001174922 us-gaap:TreasuryStockCommonMember 2020-12-31 0001174922 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001174922 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001174922 us-gaap:RetainedEarningsMember 2020-12-31 0001174922 us-gaap:ParentMember 2020-12-31 0001174922 us-gaap:NoncontrollingInterestMember 2020-12-31 0001174922 2020-12-31 0001174922 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001174922 us-gaap:ParentMember 2021-01-01 2021-12-31 0001174922 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001174922 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001174922 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001174922 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001174922 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0001174922 us-gaap:CommonStockMember 2021-12-31 0001174922 us-gaap:TreasuryStockCommonMember 2021-12-31 0001174922 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001174922 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001174922 us-gaap:RetainedEarningsMember 2021-12-31 0001174922 us-gaap:ParentMember 2021-12-31 0001174922 us-gaap:NoncontrollingInterestMemb