WYNN » Topics » Reclassifications

This excerpt taken from the WYNN 10-K filed Mar 1, 2010.

Reclassifications

Certain amounts in the consolidated financial statements for 2008 and 2007 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

 

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WYNN RESORTS, LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the WYNN 10-Q filed May 11, 2009.

Reclassifications

Certain amounts in the condensed consolidated financial statements for 2008 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

This excerpt taken from the WYNN 10-Q filed Nov 10, 2008.

Reclassifications

Certain amounts in the condensed consolidated financial statements for 2007 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

 

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These excerpts taken from the WYNN 10-K filed Feb 22, 2008.

Reclassifications

Certain amounts in the consolidated financial statements for 2006 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

Reclassifications

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Certain amounts in the consolidated financial statements for 2006 have been reclassified to be consistent with the current year presentation. These
reclassifications had no effect on the previously reported net income.

This excerpt taken from the WYNN 10-Q filed Nov 9, 2007.

Reclassifications

Certain amounts in the condensed consolidated financial statements for 2006 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net income.

This excerpt taken from the WYNN 10-Q filed Aug 9, 2007.

Reclassifications

Certain amounts in the condensed consolidated financial statements for 2006 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net loss.

This excerpt taken from the WYNN 10-Q filed May 10, 2007.

Reclassifications

 

Certain amounts in the condensed consolidated financial statements for the three months ended March 31, 2006 have been reclassified to be consistent with the current year presentation. These reclassifications had no effect on the previously reported net loss.

 

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WYNN RESORTS, LIMITED AND SUBSIDIARIES

 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

 

This excerpt taken from the WYNN 10-K filed Mar 1, 2007.

Reclassifications

The consolidated financial statements for the prior years reflect the following reclassification, which had no effect on previously reported net income/(loss), to conform to the current year presentation:

 

   

The amounts for increase in swap fair value have been presented in a separate line item in the Consolidated Statements of Operations. Previously such amounts were included in the interest and other income line item.

 

   

Accrued gaming taxes have been presented in a separate line item in the Consolidated Balance Sheets. Previously such amount was included in Other Accrued expenses.

This excerpt taken from the WYNN 10-Q filed Aug 8, 2006.

Reclassifications

 

Amounts previously classified as “Loss on sale of assets” and “Loss from incidental operations” for the three and six months ended June 30, 2005 have been reclassified as “property charges and other” to conform with the presentation for the three and six months ended June 30, 2006. These reclassifications had no effect on the previously reported net loss.

 

This excerpt taken from the WYNN 10-K filed Mar 16, 2006.

Reclassifications

Certain amounts in the 2004 and 2003 consolidated financial statements have been reclassified to conform to the 2005 presentation as follows:

 

    The water rights, trademark and the Macau gaming concession, net listed separately in the 2004 presentation are classified together as Intangibles, net for 2005;

 

    Show production rights were included in deposits and other assets in the 2004 presentation. These are recorded as Intangibles, net for 2005;

 

    Certain advanced customer deposits were classified as Accrued expenses and other in the 2004 presentation. They are classified as customer deposits and other current liabilities for 2005;

 

    Art gallery, retail and water revenues for 2004 and 2003, are classified as entertainment, retail and other revenues for 2005;

 

F-9


WYNN RESORTS LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

    The cost of water and the cost of retail sales for 2004 and 2003, are classified as entertainment, retail and other expenses for 2005; and

 

    The gain/(loss) on sales of assets and the losses from incidental operations for 2004 and 2003 are classified as property charges and other for 2005.

These reclassifications had no effect on the previously reported net loss.

This excerpt taken from the WYNN 10-K filed Mar 15, 2005.

Reclassifications

 

Certain amounts in the December 31, 2003 and 2002 consolidated financial statements have been reclassified to conform to the December 31, 2004 presentation.

 

During 2004, the Company recorded the amounts reimbursed by executive officers of the company for use of the corporate aircraft in preopening expenses as a reduction of the cost of operating the aircraft. Previously, such amounts had been recorded as revenues in the Company’s statements of operations and comprehensive loss. Approximately $375,000, $615,000 and $1.4 million for the 2003 and 2002 fiscal years and the period from inception to December 31, 2004, respectively were reclassified from revenues to preopening expenses to conform to the 2004 presentation.

 

These reclassifications had no effect on the previously reported net loss accumulated during the development stage.

 

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