The following financial information for each of the five years ended December 31, 2015, 2014, 2013, 2012, and 2011 has been derived from our consolidated financial statements. 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. Operating results for the periods presented are not indicative of the results that may be expected for future years.
Years Ended December 31,
2015
2014
2013
2012 (1)
2011
(in thousands, except per share amounts)
Consolidated Statements of Income Data:
Net revenues
$
4,075,883
$
5,433,661
$
5,620,936
$
5,154,284
$
5,269,792
Pre-opening costs
77,623
30,146
3,169
466
—
Operating income
658,814
1,266,278
1,290,091
1,029,276
1,008,240
Net income
281,524
962,644
1,004,157
728,699
825,113
Less: net income attributable to noncontrolling interest
(86,234
)
(231,090
)
(275,505
)
(226,663
)
(211,742
)
Net income attributable to Wynn Resorts, Limited
195,290
731,554
728,652
502,036
613,371
Basic income per share
$
1.93
$
7.25
$
7.25
$
4.87
$
4.94
Diluted income per share
$
1.92
$
7.18
$
7.17
$
4.82
$
4.88
As of December 31,
2015
2014
2013
2012 (1)
2011
(in thousands, except per share amounts)
Consolidated Balance Sheets Data:
Cash and cash equivalents
$
2,080,089
$
2,182,164
$
2,435,041
$
1,725,219
$
1,262,587
Construction in progress
3,217,117
1,666,326
558,624
110,490
28,477
Total assets
10,522,259
9,062,861
8,377,030
7,276,594
6,899,496
Total long-term obligations (2)
9,390,243
7,543,452
6,789,145
6,041,285
3,096,149
Stockholders’ equity
21,845
211,091
132,351
103,932
2,223,454
Cash distributions declared per common share
$
3.00
$
6.25
$
7.00
$
9.50
$
6.50
(1)
On February 18, 2012, we redeemed and canceled Aruze's 24,549,222 shares of Wynn Resorts common stock. In connection with the redemption and cancellation, stockholders' equity was reduced by $1.94 billion, the face amount of the Redemption Note. Aruze has challenged the redemption and cancellation of the 24,549,222 shares and legal proceedings are ongoing. Please see Item 8—"Financial Statements and Supplementary Data," Note 17 "Commitments and Contingencies."
(2)
Includes long-term debt, long-term portion of the contract premium payments under our land concession contract at Wynn Macau, other long-term liabilities and deferred income taxes, net.
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