The following financial information for each of the five years ended December 31, 2017, 2016, 2015, 2014 and 2013 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,
2017 (1)
2016 (2)
2015
2014
2013
(in thousands, except per share amounts)
Consolidated Statements of Income Data:
Net revenues
$
6,306,368
$
4,466,297
$
4,075,883
$
5,433,661
$
5,620,936
Pre-opening expenses
26,692
154,717
77,623
30,146
3,169
Operating income
1,055,565
521,662
658,814
1,266,278
1,290,091
Net income
889,254
302,469
281,524
962,644
1,004,157
Less: net income attributable to noncontrolling interests
(142,073
)
(60,494
)
(86,234
)
(231,090
)
(275,505
)
Net income attributable to Wynn Resorts, Limited
747,181
241,975
195,290
731,554
728,652
Basic income per share
$
7.32
$
2.39
$
1.93
$
7.25
$
7.25
Diluted income per share
$
7.28
$
2.38
$
1.92
$
7.18
$
7.17
December 31,
2017 (1)
2016 (2)
2015
2014
2013
(in thousands, except per share amounts)
Consolidated Balance Sheets Data:
Cash and cash equivalents
$
2,804,474
$
2,453,122
$
2,080,089
$
2,182,164
$
2,435,041
Construction in progress
1,016,207
299,686
3,217,117
1,666,326
558,624
Total assets
12,681,739
11,953,557
10,459,159
9,001,919
8,332,133
Total long-term obligations (3)
9,673,099
10,279,375
9,327,143
7,482,510
6,748,283
Stockholders' equity
1,078,350
257,881
21,845
211,091
132,351
Cash dividends declared per common share
$
2.00
$
2.00
$
3.00
$
6.25
$
7.00
(1)
During the fourth quarter of 2017, we recorded a provisional income tax benefit of $339.9 million related to the enactment of U.S. tax reform. See Item 8—"Financial Statements and Supplementary Data," Note 13, "Income Taxes."
(2)
Wynn Palace opened on August 22, 2016.
(3)
Includes long-term debt, other long-term liabilities, deferred income tax liabilities, net and the required contract premium payments under our land concession contracts at Wynn Palace.
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