The following financial information for each of the five years ended December 31, 2016, 2015, 2014, 2013, and 2012 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,
2016 (1)
2015
2014
2013
2012 (2)
(in thousands, except per share amounts)
Consolidated Statements of Income Data:
Net revenues
$
4,466,297
$
4,075,883
$
5,433,661
$
5,620,936
$
5,154,284
Pre-opening costs
154,717
77,623
30,146
3,169
466
Operating income
521,662
658,814
1,266,278
1,290,091
1,029,276
Net income
302,469
281,524
962,644
1,004,157
728,699
Less: net income attributable to noncontrolling interests
(60,494
)
(86,234
)
(231,090
)
(275,505
)
(226,663
)
Net income attributable to Wynn Resorts, Limited
241,975
195,290
731,554
728,652
502,036
Basic income per share
$
2.39
$
1.93
$
7.25
$
7.25
$
4.87
Diluted income per share
$
2.38
$
1.92
$
7.18
$
7.17
$
4.82
December 31,
2016 (1)
2015
2014
2013
2012 (2)
(in thousands, except per share amounts)
Consolidated Balance Sheets Data:
Cash and cash equivalents
$
2,453,122
$
2,080,089
$
2,182,164
$
2,435,041
$
1,725,219
Construction in progress
299,686
3,217,117
1,666,326
558,624
110,490
Total assets (3)
11,953,557
10,459,159
9,001,919
8,332,133
7,234,832
Total long-term obligations (3) (4)
10,248,676
9,327,143
7,482,510
6,748,283
6,002,701
Stockholders’ equity
257,881
21,845
211,091
132,351
103,932
Cash dividends declared per common share
$
2.00
$
3.00
$
6.25
$
7.00
$
9.50
(1)
On August 22, 2016, we opened Wynn Palace.
(2)
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. See Item 8—"Financial Statements and Supplementary Data," Note 17 "Commitments and Contingencies."
(3)
For fiscal years 2015 and prior, the total assets and total long-term obligations have been reclassified to conform to the presentation from the retrospective application of deferred financing costs accounting guidance we adopted on January 1, 2016. See Item 8—"Financial Statements and Supplementary Data," Note 2 "Summary of Significant Accounting Policies—Recently Issued and Adopted Accounting Standards."
(4)
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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