LAS VEGAS SANDS CORP

10-K & 10-Q Filings

Las Vegas Sands Corp. (LVSC) is a leading global developer and operator of destination properties, including Integrated Resorts in Macao and Singapore. The company's business strategy includes diversified, high-quality offerings with substantial non-gaming amenities, substantial and diversified cash flow from existing operations, market leadership in the high-margin mass market gaming segment, and unique MICE and entertainment facilities. LVSC's properties feature gaming, luxury hotels, retail, dining, entertainment, and convention facilities. The company's website is www.sands.com, and its common stock is traded on the New York Stock Exchange under the symbol "LVS."

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$9537.21
22815.80
13769.89
14583.85
11688.46
11410.00
12882.00
13729.00
13739.00
3612.00
4234.00
4110.00
10372.00
2120.00
2959.00
0.70%39.58%Cost of Revenue (-)
$4525.39
5696.55
7125.23
7354.93
5778.97
5521.00
6136.00
6974.00
6832.00
2608.00
2626.00
2460.00
5205.00
1094.00
1461.00
1.17%33.55%Gross Profit (+)
$14747.69
17119.25
6644.66
7228.92
5909.49
5889.00
6746.00
6755.00
6907.00
1004.00
1608.00
1650.00
5167.00
1026.00
1498.00
-8.37%46.00%Selling, General & Administrative (-)
$836.92
1061.93
1329.74
1258.13
1267.41
1284.00
1415.00
1483.00
1502.00
1093.00
831.00
936.00
1107.00
251.00
286.00
2.36%13.94%Research & Development (-)
$11.31
19.96
15.81
14.32
10.37
9.00
13.00
12.00
24.00
18.00
109.00
143.00
205.00
42.00
53.00
27.31%26.19%Depreciation & Amortization (-)
$794.40
892.05
1007.47
1031.59
998.92
1111.00
1171.00
1111.00
1165.00
1160.00
1041.00
1036.00
1208.00
274.00
320.00
3.55%16.79%Non-recurring Operating Expenses (-)
$
143.67
Operating Expenses (-)
$1848.71
2502.98
2615.30
1258.13
2515.08
2707.00
2704.00
3004.00
3209.00
2692.00
2297.00
2442.00
2854.00
648.00
781.00
3.68%20.52%Costs & Expenses (Total) (-)
$7020.86
8819.75
10361.64
10484.62
8846.99
8917.00
9420.00
9978.00
10041.00
5300.00
4923.00
4902.00
8059.00
1742.00
2242.00
1.16%28.70%Operating Income/Loss (+)
$2389.89
2311.38
3408.24
4099.23
2841.47
2493.00
3462.00
3751.00
3698.00
-1688.00
-689.00
-792.00
2313.00
378.00
717.00
-0.27%89.68%Non-operating Income/Expense (+)
$-12.11
9.76
6.48
7.67
45.63
36.00
-83.00
21.00
629.00
43.00
-164.00
107.00
280.00
35.00
65.00
85.71%Interest Expense (-)
$282.95
258.56
271.21
274.18
265.22
274.00
327.00
446.00
555.00
536.00
621.00
702.00
818.00
218.00
182.00
9.25%-16.51%Earnings before Tax (+)
$2094.82
2062.58
3143.51
3832.71
2621.88
2255.00
3052.00
3326.00
3772.00
-2181.00
-1474.00
-1387.00
1775.00
195.00
600.00
-1.37%207.69%Tax Expense (-)
$211.70
180.76
188.84
244.64
236.19
239.00
-209.00
375.00
468.00
-38.00
-5.00
154.00
344.00
50.00
17.00
4.13%-66.00%Income/Loss (Continuing Operations) (+)
$1883.12
1881.81
2954.68
3588.07
2385.70
2016.00
3261.00
2951.00
3304.00
-2143.00
-1469.00
-1541.00
1431.00
145.00
583.00
-2.26%302.07%Income/Loss (Discontinued Operations) (+)
$
193.00
2898.00
Profit/Loss (+)
$1883.12
1881.81
2954.68
3588.07
2385.70
2016.00
3261.00
2951.00
3304.00
-2143.00
-1276.00
1357.00
1431.00
145.00
583.00
-2.26%302.07%Net Income/Loss (NCI) (-)
$323.00
357.72
648.68
747.44
419.46
346.00
455.00
538.00
606.00
-458.00
-315.00
-475.00
210.00
-2.00
89.00
-3.52%4550.00%Net Income/Loss (+)
$1560.12
1524.09
2306.00
2840.63
1966.24
1670.00
2806.00
2413.00
2698.00
-1685.00
-961.00
1832.00
1221.00
147.00
494.00
-2.02%236.05%Preferred & Other Distributions (-)
$144.90
Net Income/Loss (Common) (+)
$1269.51
1524.09
2306.00
2840.63
1966.24
1670.00
2806.00
2413.00
2698.00
-1685.00
-961.00
1832.00
1221.00
147.00
494.00
-0.32%236.05%EPS (Basic)
$1.74
1.89
2.80
3.52
2.47
2.10
3.54
3.07
3.50
-2.21
-1.26
2.40
1.60
0.19
0.66
-0.70%247.37%EPS (Diluted)
$1.56
1.85
2.79
3.52
2.47
2.10
3.54
3.07
3.50
-2.21
-1.26
2.40
1.60
0.19
0.66
0.21%247.37%Weighted Avg Shares (Basic)
728.34
806.40
822.28
806.13
796.79
795.00
792.00
786.00
771.00
764.00
764.00
764.00
763.00
764.00
750.00
0.39%-1.83%Weighted Avg Shares (Diluted)
811.82
824.56
826.32
808.02
797.60
795.00
792.00
786.00
771.00
764.00
764.00
764.00
765.00
766.00
752.00
-0.49%-1.83%Cash
$3907.55
2517.29
3607.25
3512.88
2187.39
2138.00
2430.00
4661.00
4242.00
2137.00
1870.00
6311.00
5105.00
6532.00
4956.00
2.25%-24.13%Receivables
$1336.82
1819.26
1762.11
1510.77
1267.85
776.00
615.00
726.00
844.00
338.00
202.00
267.00
484.00
328.00
420.00
-8.12%28.05%Inventory
$34.99
43.88
41.95
41.67
42.57
46.00
47.00
35.00
37.00
32.00
22.00
28.00
38.00
28.00
39.00
0.69%39.29%Prepaid Expenses (Current)
$45.61
94.79
104.23
125.17
111.44
138.00
115.00
144.00
182.00
137.00
113.00
138.00
150.00
127.00
141.00
10.43%11.02%Other Assets (Current)
$72.19
2.30
3303.00
Assets (Current)
$5397.15
4477.51
5515.54
5190.50
3609.25
3098.00
3207.00
5566.00
5305.00
2644.00
5510.00
6744.00
5777.00
7015.00
5556.00
0.57%-20.80%Securities & Long-term Investments
$2.31
1.94
1290.00
1318.00
1296.00
124.00
69.67%-90.43%Property, Plant & Equipment (Net)
$15030.98
15766.75
15358.95
15372.47
15731.64
15903.00
15516.00
15154.00
14844.00
15109.00
11850.00
11451.00
11439.00
11332.00
-2.25%Goodwill & Intangibles
$80.07
70.62
102.08
86.26
71.59
103.00
89.00
72.00
42.00
25.00
19.00
64.00
Other Assets
$1733.61
1846.83
1747.69
1712.46
1574.95
1365.00
1875.00
1755.00
3008.00
3029.00
2680.00
2490.00
3244.00
3072.00
15565.00
5.36%406.67%Assets (Non-current)
$16846.97
17686.14
17208.72
17171.19
17378.17
17371.00
17480.00
16981.00
17894.00
18163.00
14549.00
15295.00
16001.00
15700.00
15689.00
-0.43%-0.07%Assets (Total)
$22244.12
22163.65
22724.26
22361.69
20987.42
20469.00
20687.00
22547.00
23199.00
20807.00
20059.00
22039.00
21778.00
22715.00
21245.00
-0.18%-6.47%Accounts Payable
$243.84
286.17
302.42
344.87
310.33
320.00
432.00
422.00
424.00
185.00
109.00
224.00
428.00
279.00
412.00
4.80%47.67%Debt (Current)
$455.85
97.80
377.51
99.73
95.37
167.00
296.00
111.00
70.00
76.00
74.00
2031.00
1900.00
2018.00
2043.00
12.63%1.24%Other Liabilities (Current)
$1799.02
2238.86
2449.74
2267.89
2058.44
2319.00
2220.00
2624.00
2730.00
2048.00
2382.00
1647.00
2094.00
1622.00
1812.00
1.27%11.71%Liabilities (Current)
$2498.71
2622.82
3129.66
2712.49
2464.14
2806.00
2948.00
3157.00
3224.00
2309.00
2565.00
3902.00
4422.00
3919.00
4267.00
4.87%8.88%Debt (Non-current)
$9577.13
10132.26
9382.75
9892.91
9372.65
9428.00
9344.00
11874.00
12422.00
13931.00
14721.00
13947.00
12129.00
13971.00
11914.00
1.99%-14.72%Other Liabilities
$729.13
750.15
711.32
735.70
732.65
739.00
760.00
771.00
1046.00
1029.00
525.00
534.00
1123.00
996.00
1039.00
3.66%4.32%Liabilities (Non-current)
$10306.26
10882.42
10094.07
10628.61
10105.30
10167.00
10104.00
12645.00
13468.00
14960.00
15246.00
14481.00
13252.00
14967.00
12953.00
2.12%-13.46%Liabilities (Total)
$12804.97
13505.24
13223.74
13341.11
12569.43
12973.00
13052.00
15802.00
16692.00
17269.00
17811.00
18383.00
17674.00
18886.00
17220.00
2.72%-8.82%Treasury Stock
$
570.52
2237.95
2443.04
2443.00
2818.00
3727.00
4481.00
4481.00
4481.00
4481.00
4991.00
4481.00
5446.00
21.54%Retained Earnings
$2145.69
560.45
1713.34
2945.85
2840.39
2222.00
2716.00
2770.00
3101.00
813.00
-148.00
1684.00
2600.00
1831.00
2943.00
1.61%60.73%AOCI
$94.10
263.08
173.78
76.10
-66.28
-119.00
14.00
-40.00
-3.00
29.00
-22.00
-7.00
27.00
11.00
-38.00
-9.88%-445.45%Shareholder's Equity
$9439.15
8658.41
9500.53
9020.58
8417.99
7496.00
7635.00
6745.00
6507.00
3538.00
2248.00
3656.00
4104.00
3829.00
4025.00
-6.71%5.12%Liabilities & Equity
$22244.12
22163.65
22724.26
22361.69
20987.42
20469.00
20687.00
22547.00
23199.00
20807.00
20059.00
22039.00
21778.00
22715.00
21245.00
-0.18%-6.47%Net Income/Loss
$1883.12
1881.81
2954.68
3588.07
2385.70
2016.00
3261.00
2951.00
3304.00
-2143.00
583.00
Depreciation & Amortization
$841.59
942.52
1064.26
1082.57
1043.14
1155.00
1213.00
1146.00
1198.00
1203.00
1093.00
1093.00
1269.00
289.00
335.00
3.48%15.92%Increase/Decrease in Working Capital
$589.47
289.44
6.42
113.77
239.19
-548.00
-325.00
-239.00
1261.00
536.00
89.00
-164.00
-390.00
43.00
205.00
376.74%Share-based Compensation
$62.71
65.43
53.38
48.06
45.80
34.00
34.00
30.00
35.00
22.00
22.00
39.00
44.00
11.00
14.00
-2.91%27.27%Adjustments to Reconcile Net Income
$779.38
1159.41
1484.74
1244.77
1064.27
2027.00
1282.00
1750.00
-266.00
831.00
1226.00
597.00
1796.00
289.00
131.00
7.20%-54.67%Net Cash (Operating)
$2662.50
3057.76
4439.41
4832.84
3449.97
4043.00
4543.00
4701.00
3038.00
-1312.00
-243.00
-944.00
3227.00
441.00
714.00
1.62%61.90%Capital Expenditure
$1502.50
1446.32
911.83
1176.84
1527.14
1440.00
822.00
930.00
103.00
1329.00
821.00
642.00
1014.00
166.00
196.00
-3.22%18.07%Net Cash (Investing)
$-698.11
-1445.63
-912.21
-1176.57
-1528.47
-1442.00
-823.00
-930.00
-103.00
-1329.00
-832.00
-721.00
-1254.00
-182.00
-200.00
-9.89%Increase/Decrease in Debt
$-98.78
-48.21
-329.93
380.26
-308.44
309.00
-204.00
2415.00
464.00
1478.00
835.00
1134.00
-2069.00
-17.00
-17.00
0.00%Increase/Decrease in Equity
$-72.31
428.02
-596.21
-1764.85
-216.83
-33.00
-340.00
-958.00
-832.00
-7.00
-19.00
-11.00
-533.00
-1.00
-450.00
-44900.00%Interest Expenses
$246.78
209.09
208.24
296.00
260.00
-12.16%Dividends Paid
$75.30
2943.00
2979.00
3000.00
911.00
305.00
151.00
12.36%Net Cash (Financing)
$-1093.46
-3045.31
-2432.45
-3721.79
-3206.40
-2630.00
-3487.00
-1522.00
-3368.00
560.00
863.00
6154.00
-3188.00
-36.00
-639.00
-1675.00%Cash Taxes Paid
$-5.42
115.05
173.28
25.00
31.00
24.00%Effect of Exchange Rate
$-5.29
43.23
-7.11
-28.59
-41.94
-22.00
58.00
-18.00
14.00
-24.00
-16.00
22.00
8.00
-3.00
-24.00
-700.00%Increase/Decrease in Cash
$865.64
-1389.95
1087.65
-94.09
-1326.83
-51.00
291.00
2231.00
-419.00
-2105.00
-212.00
4511.00
-1207.00
220.00
-149.00
-167.73%Cash (Beginning)
$3037.08
3902.72
2512.77
3600.41
3506.32
2179.00
2128.00
2430.00
4661.00
4242.00
2137.00
1925.00
6436.00
6436.00
5229.00
6.46%-18.75%Cash (Ending)
$3902.72
2512.77
3600.41
3506.32
2179.49
2128.00
2419.00
4661.00
4242.00
2137.00
1925.00
6436.00
5229.00
6656.00
2.47%NOPAT
$2148.36
2182.46
3220.37
3837.57
2585.51
2228.78
3224.92
3328.08
3239.18
-1717.41
-691.34
-879.94
1864.73
329.54
679.96
-1.17%106.34%Gross Margin %
154.63%
75.03%
48.25%
49.57%
50.56%
51.61%
52.37%
49.20%
50.27%
27.80%
37.98%
40.15%
49.82%
48.40%
50.63%
Operating Margin %
25.06%
10.13%
24.75%
28.11%
24.31%
21.85%
26.87%
27.32%
26.92%
-46.73%
-16.27%
-19.27%
22.30%
17.83%
24.23%
NOPAT Margin %
22.53%
9.57%
23.39%
26.31%
22.12%
19.53%
25.03%
24.24%
23.58%
-47.55%
-16.33%
-21.41%
17.98%
15.54%
22.98%
Net Margin %
16.36%
6.68%
16.75%
19.48%
16.82%
14.64%
21.78%
17.58%
19.64%
-46.65%
-22.70%
44.57%
11.77%
6.93%
16.69%
Tax Rate %
10.11%
5.58%
5.51%
6.38%
9.01%
10.60%
6.85%
11.27%
12.41%
-1.74%
-0.34%
-11.10%
19.38%
12.82%
5.17%
ROA
9.66%
9.85%
14.17%
17.16%
12.32%
10.89%
15.59%
14.76%
13.96%
-8.25%
-3.45%
-3.99%
8.56%
1.45%
3.20%
ROE
22.76%
25.21%
33.90%
42.54%
30.71%
29.73%
42.24%
49.34%
49.78%
-48.54%
-30.75%
-24.07%
45.44%
8.61%
16.89%
ROIC
13.15%
11.69%
18.70%
22.42%
15.16%
13.40%
20.00%
21.10%
20.85%
-11.61%
-6.10%
-7.78%
15.97%
3.01%
Asset Turnover
0.43
1.03
0.61
0.65
0.56
0.56
0.62
0.61
0.59
0.17
0.21
0.19
0.48
0.09
0.14
Inventory Turnover
129.33
129.84
169.87
176.49
135.74
120.02
130.55
199.26
184.65
81.50
119.36
87.86
136.97
39.07
37.46
Equity Multiplier
2.36
2.56
2.39
2.48
2.49
2.73
2.71
3.34
3.57
5.88
8.92
6.03
5.31
5.93
5.28
Current Ratio
2.16
1.71
1.76
1.91
1.46
1.10
1.09
1.76
1.65
1.15
2.15
1.73
1.31
1.79
1.30
Quick Ratio
2.10
1.65
1.72
1.85
1.40
1.04
1.03
1.71
1.58
1.07
0.81
1.69
1.26
1.75
1.26
Debt/Equity Ratio
1.06
1.18
1.03
1.11
1.12
1.28
1.26
1.78
1.92
3.96
6.58
4.37
3.42
4.18
3.47
Interest Coverage Ratio
9.68
11.05
16.37
1.28
2.76
Working Capital/Sales
0.13
0.12
0.13
0.11
0.11
0.05
0.04
0.04
0.05
-0.09
-0.13
-0.05
0.02
-0.19
-0.14
R&D/Sales
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.03
0.03
0.02
0.02
0.02
Dividend Payout Ratio %
3.50%
91.26%
89.51%
92.62%
53.04%
16.36%
22.21%
Total Payout
$493.17
-170.72
1134.38
1384.59
525.27
-276.00
3487.00
1522.00
3368.00
-560.00
-816.00
-1123.00
2907.00
314.00
878.00
15.93%179.62%Payout Ratio %
22.96%
-7.82%
35.23%
36.08%
20.32%
-12.38%
108.13%
45.73%
103.98%
-32.61%
-118.03%
-127.62%
155.89%
95.28%
129.13%