WYNN · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

WYNN RESORTS LTD · 2026-11-05 · Importance null · Surprise 40 · In source text

At September 30, 2026, the company had $1.642 billion of unrestricted cash and cash equivalents, $150.2 million of short-term investments, and $2.381 billion of available revolver borrowing capacity. Nine-month operating cash flow was $742.2 million, down from $874.6 million, primarily because of working-capital changes; investing activities used $301.5 million and financing activities used $258.5 million. The company issued $895.5 million of 6⅞% WRF Senior Notes due 2035 and borrowed $200.0 million under the WRF revolver, while repaying $880.0 million of 2027 WLV Senior Notes. Interest expense, excluding capitalized interest, rose $10.5 million year over year as the weighted-average interest rate increased from 6.08% to 6.20%.

Key facts

• Nine-month 2026 operating cash flow was $742.202 million, compared with $874.637 million in 2025; the decrease was primarily driven by changes in working capital. source
• During the nine months ended September 30, 2026, Wynn Resorts issued $895.5 million of WRF 6 7/8% Senior Notes due 2035 and drew $200.0 million on the WRF Revolver due 2030. source
• As of September 30, 2026, Wynn Macau, Limited and subsidiaries had $1,150.396 million in cash and cash equivalents, $150.202 million in investments, and $1,345.897 million in revolver borrowing capacity. source
• As of September 30, 2026, Wynn Resorts, Limited and other had $120.305 million in cash and cash equivalents; total company cash and cash equivalents were $1,642.156 million, investments were $150.202 million, and revolver borrowing capacity was $2,380.556 million. source
• As of September 30, 2026, Wynn Resorts Finance, LLC had $371.455 million in cash and cash equivalents and $1,034.659 million in revolver borrowing capacity. source
• During the nine months ended September 30, 2026, Wynn Resorts purchased $93.5 million of U.S. treasuries and received $574.2 million upon maturity of investments. source
• Third-quarter 2026 interest expense, net of capitalized amounts, decreased $5.8 million; capitalized interest was $21.9 million versus $11.6 million, and the weighted-average interest rate increased from 6.08% to 6.23%. source
• Wynn Macau, Limited expects to use Macau-generated cash to service WML Senior Notes, the WM Cayman II Revolver and WML Convertible Bonds, pay dividends to WML shareholders, and fund working capital and capital expenditures at WML and Macau Operations. source

Impact estimates