Cash, cash equivalents and restricted cash consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Cash and cash equivalents:
Cash(1)	$	1,420,540	$	1,297,417
Cash equivalents(2)	152,813		166,025
Total cash and cash equivalents	1,573,353		1,463,442
Restricted cash(3)	94,041		96,653
Total cash, cash equivalents and restricted cash	$	1,667,394	$	1,560,095

(2) Cash equivalents consist of bank time deposits, U.S. government treasuries and money market funds and excludes $527.4 million and $601.8 million of short-term investments as of June 30, 2026 and December 31, 2025, respectively, as described in Note 2 - "Basis of Presentation and Significant Accounting Policies."

(3) Restricted cash consists of cash subject to certain contractual restrictions, cash collateral associated with obligations and cash held in trusts in accordance with WML's share award plans, and as of June 30, 2026 and December 31, 2025 includes $86.7 million and $87.3 million, respectively, in the form of a first demand bank guarantee in favor of the Macau government to support the legal and contractual obligations of Wynn Resorts (Macau) S.A. ("Wynn Macau SA") through the term of Wynn Macau SA's gaming concession contract.


	Six Months Ended June 30,
	2026		2025
Cash paid for interest, net of amounts capitalized	$	283,946	$	296,144
Liability settled with shares of common stock	$	5,631	$	7,922
Accounts and construction payables related to property and equipment	$	111,608	$	70,178

Finance lease liabilities arising from obtaining finance lease assets	$	—	$	39,423
Liabilities arising from obtaining property and equipment	$	—	$	21,400