Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market Information
+Added: Market Information and Related Stockholder Matters
Our outstanding common stock trades on the Nasdaq Global Select Market under the symbol "WYNN."
+Added: On May 6, 2020, the Company announced that it had suspended its quarterly dividend program due to the financial impact of the COVID-19 pandemic.
+Added: On February 11, 2021, the Company completed a registered public offering of 7,475,000 newly issued shares of its common stock, par value $0.01 per share, at a price of $115.00 per share for proceeds of $842.4 million, net of $17.2 million in underwriting discounts and commissions.
+Added: The Company intends to use the net proceeds from this equity offering for general corporate purposes.
There were approximately 145 holders of record of our common stock as of February 16, 2021.
8 unchanged sentences
As of December 31, 2020, we had $800.1 million in repurchase authority under the program.
−Removed: For more information on the Company's publicly announced repurchase program, see Item 8—"Financial Statements and Supplementary Data," Note 8, "Stockholders' Equity."
+Added: For more information on the Company's publicly announced repurchase program, see Item 8—"Financial Statements and Supplementary Data," Note 8, "Stockholders' Equity (Deficit)."
Stock Performance Graph
3 unchanged sentences
Selected Financial Data
−Removed: The following financial information as of and for each of the five years ended December 31, 2019, 2018, 2017, 2016, and 2015 has been derived from our consolidated financial statements.
−Removed: This selected consolidated financial data should be read together with Item 7—"Management's Discussion and Analysis of Financial Condition and Results of Operations," our consolidated financial statements and related notes and other information contained in this Annual Report on Form 10-K.
−Removed: Operating results for the periods presented are not necessarily indicative of the results that may be expected for future years.
−Removed: Years Ended December 31,
−Removed: 2019 (4) (5) 2018 (1) (4) 2017 (2) (4) 2016 (3) (4) 2015 (4)
−Removed: (in thousands, except per share amounts)
−Removed: Consolidated Statements of Income Data:
−Removed: Operating revenues $ 6,611,099 $ 6,717,660 $ 6,070,160 $ 4,345,797 $ 4,075,883
−Removed: Pre-opening expenses 102,009 53,490 26,692 154,717 77,623
−Removed: Operating income 878,305 735,544 1,055,565 521,662 658,814
−Removed: Net income 311,378 803,084 889,254 302,469 281,524
−Removed: net income attributable to noncontrolling interests (188,393) (230,654) (142,073) (60,494) (86,234)
−Removed: Net income attributable to Wynn Resorts, Limited 122,985 572,430 747,181 241,975 195,290
−Removed: Basic income per share $ 1.15 $ 5.37 $ 7.32 $ 2.39 $ 1.93
−Removed: Diluted income per share $ 1.15 $ 5.35 $ 7.28 $ 2.38 $ 1.92
−Removed: 2019 2018 2017 2016 2015
−Removed: (in thousands, except per share amounts)
−Removed: Consolidated Balance Sheets Data:
−Removed: Cash and cash equivalents $ 2,351,904 $ 2,215,001 $ 2,804,474 $ 2,453,122 $ 2,080,089
−Removed: Construction in progress 477,333 1,912,801 1,016,207 299,686 3,217,117
−Removed: Total assets 13,871,281 13,216,269 12,681,739 11,953,557 10,459,159
−Removed: Total long-term obligations (6)
−Removed: 10,346,925 9,519,417 9,673,099 10,279,375 9,327,143
−Removed: Stockholders' equity 1,541,472 1,814,789 1,078,350 257,881 21,845
−Removed: Cash dividends declared per common share $ 3.75 $ 2.75 $ 2.00 $ 2.00 $ 3.00
−Removed: (1) During the fourth quarter of 2018, we recorded a tax benefit of $390.9 million related to clarified U.S.
−Removed: tax reform guidance issued by the Internal Revenue Service in the fourth quarter of 2018, which was incremental to the provisional tax benefit recorded during the fourth quarter of 2017.
−Removed: See Item 8—"Financial Statements and Supplementary Data," Note 13, "Income Taxes." Additionally, the Company incurred a litigation settlement expense totaling $463.6 million in 2018.
−Removed: See Item 8—"Financial Statements and Supplementary Data," Note 7, "Long-Term Debt."
−Removed: (2) During the fourth quarter of 2017, we recorded a provisional income tax benefit of $339.9 million related to the enactment of U.S.
−Removed: See Item 8—"Financial Statements and Supplementary Data," Note 13, "Income Taxes."
−Removed: (3) Wynn Palace opened on August 22, 2016.
−Removed: (4) The results presented reflect the Company's adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASC 606"), effective January 1, 2018.
−Removed: 2017 and 2016 operating revenues have been adjusted to reflect the full retrospective adoption of ASC 606, with no impact to operating income or net income.
−Removed: 2015 operating revenues were not recast for the adoption of ASC 606 and, as a result, are not comparable to 2016, 2017, 2018 and 2019 operating revenues.
−Removed: See Item 8—"Financial Statements and Supplementary Data," Note 2, "Basis of Presentation and Significant Accounting Policies."
−Removed: (5) Encore Boston Harbor opened on June 23, 2019.
−Removed: (6) Includes long-term debt, other long-term liabilities, and deferred income tax liabilities, net.
−Removed: In addition, December 31, 2019 includes long-term operating lease liabilities recorded in connection with the adoption of ASC 842 and, as a result, is not comparable to December 31, 2018, 2017, 2016, and 2015.
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.