LAS VEGAS SANDS CORP

Listed Company

LVSCIK 0001300514NYSELarge AcceleratedHotels & MotelsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$13.02B

Net Income

$1.63B

Total Assets

$21.92B

Equity

$1.59B

Shares Out

662.64M

Op. Cash Flow

$3.02B

LVS$45.31−7.40% · past yearDBEQ Basic

Daily closing prices

Business

Las Vegas Sands Corp. is a leading global developer and operator of destination Integrated Resorts featuring premium accommodations, world-class gaming, entertainment, retail, convention facilities, and dining. The company operates Integrated Resorts in Macao (The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao) and Singapore (Marina Bay Sands), with substantial revenue from gaming and non-gaming amenities including retail malls and meetings/conventions. The company focuses on the higher-margin mass market gaming segment while providing luxury amenities to VIP patrons, and operates under gaming concessions in both jurisdictions through 2032 and 2036, respectively.

Summary from 10-K filed 2026-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	13,017	11,298	10,372	4,110	4,234
Provision for credit losses	85	19	4	15	3
General and administrative	1,188	1,150	1,107	936	831
Corporate	310	290	230	235	211
Pre-opening	24	14	15	13	19
Development	269	228	205	143	109
Depreciation and amortization	1,464	1,308	1,208	1,036	1,041
Amortization of leasehold interests in land	76	60	58	55	56
Loss on disposal or impairment of assets	247	50	27	9	27
Total operating expenses	10,199	8,896	8,059	4,902	4,923
Operating income	2,818	2,402	2,313	−792	−689
Interest income	161	275	288	116	4
Interest expense, net of amounts capitalized	−746	−727	−818	−702	−621
Other income (expense)	−15	10	−8	−9	−31
Gain (loss) on modification or early retirement of debt	−5	0	0	0	−137
Income before income taxes	2,213	1,960	1,775	−1,387	−1,474
Income tax expense	−347	−208	−344	−154	5
Net income	1,866	1,752	1,431	1,357	−1,276
Net income attributable to noncontrolling interests	−239	−306	−210	475	315
Net income attributable to Las Vegas Sands Corp.	1,627	1,446	1,221	1,832	−961
Basic (in usd per share)	2.35	1.97	1.6	2.4	−1.26
Diluted (in usd per share)	2.35	1.96	1.6	2.4	−1.26
Basic (in shares)	691	735	763	764	764
Diluted (in shares)	693	737	765	764	764

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,841	3,650	5,105	6,311	1,854
Accounts receivable, net of provision for credit losses of $225 and $186	742	417	484	267	202
Inventories	46	41	38	28	22
Prepaid expenses and other	203	182	150	138	113
Total current assets	4,832	4,290	5,777	6,744	5,510
Loan receivable	1,264	1,264	1,194	—	—
Property and equipment, net	11,673	11,993	11,439	11,451	11,850
Restricted cash and cash equivalents	125	125	124	—	—
Deferred income taxes, net	160	122	121	131	297
Leasehold interests in land, net	2,907	2,002	2,249	2,128	2,166
Goodwill and intangible assets, net	573	545	598	64	—
Other assets, net	386	325	276	231	217
Total assets	21,920	20,666	21,778	22,039	20,059
Accounts payable	190	164	167	89	77
Construction payables	160	263	146	189	227
Other accrued liabilities	2,359	1,985	1,948	1,458	1,334
Income taxes payable	385	229	261	135	32
Current maturities of debt	1,128	3,160	1,900	2,031	74
Total current liabilities	4,222	5,801	4,422	3,902	2,565
Other long-term liabilities	934	925	936	382	352
Deferred income taxes	174	188	187	152	173
Debt	14,656	10,592	12,129	13,947	14,721
Total liabilities	19,986	17,506	17,674	18,383	17,811
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock	0	0	0	0	0
Common stock	1	1	1	1	1
Treasury stock at cost	−9,028	−6,759	−4,991	−4,481	−4,481
Capital in excess of par value	6,159	6,245	6,481	6,684	6,646
Accumulated other comprehensive income (loss)	71	−58	27	−7	−22
Retained earnings	4,387	3,455	2,600	1,684	−148
Total Las Vegas Sands Corp. stockholders equity	1,590	2,884	4,118	3,881	1,996
Noncontrolling interests	344	276	−14	−225	252
Total equity	1,934	3,160	4,104	3,656	2,248
Total liabilities and equity	21,920	20,666	21,778	22,039	20,059
Accounts receivable, provision for credit loss, current	225	186	201	217	232
Preferred stock, par value (in usd per share)	0	0	0	0	0
Preferred stock, shares authorized	50	50	50	50	50
Preferred stock, shares issued	0	0	0	0	0
Preferred stock, shares outstanding	0	0	0	0	0
Common stock, par value (in usd per share)	0	0	0	0	0
Common stock, shares authorized	1,000	1,000	1,000	1,000	1,000
Common stock, shares issued	840	834	833	833	833
Common stock, shares outstanding	675	716	753	764	764
Treasury stock, shares	165	118	80	69	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs and original issue discount	58	57	61	57	52
Change in fair value of derivatives	0	0	1	1	−1
Paid-in-kind interest income	0	−71	−30	−15	0
Loss on disposal or impairment of assets	236	19	11	—	—
Stock-based compensation expense	54	55	44	39	22
Foreign exchange (gain) loss	23	−18	7	−10	34
Deferred income taxes	−60	4	44	−2	−45
Accounts receivable	−392	43	−217	−78	43
Other assets	−27	−48	−50	2	−5
Increase (decrease) in leasehold interests in land	−848	0	0	—	—
Accounts payable	22	−1	76	11	−11
Other liabilities	461	25	581	229	−116
Net cash generated from operating activities	3,023	3,204	3,227	—	—
Capital expenditures	−1,168	−1,567	−1,017	−651	−828
Proceeds from disposal of property and equipment	7	1	3	9	7
Acquisition of intangible assets and other	−75	−13	−240	−129	−11
(Payments for) proceeds from other investing activity	19	0	0	—	—
Net cash used in investing activities	−1,217	−1,579	−1,254	—	—
Proceeds from exercise of stock options	264	1	4	0	19
Tax withholding on vesting of equity awards	−2	−5	−2	−1	0
Repurchase of common stock	−2,217	−1,750	−505	0	0
Dividends paid and noncontrolling interest payments	−833	−590	−305	0	0
Proceeds from debt	6,781	1,748	0	1,200	2,702
Repayments of debt	−4,918	−2,074	−2,069	—	—
Payments of financing costs	−201	−60	−32	−11	−38
Settled contracts for purchase of noncontrolling interest	−483	−215	0	0	—
Unsettled contracts for purchase of noncontrolling interest	0	−35	−250	0	—
Other	−34	−80	−29	0	0
Net cash used in financing activities	−1,643	−3,060	−3,188	—	—
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents	28	−19	8	22	−16
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	191	−1,454	−1,207	4,511	−212
Cash payments for interest, net of amounts capitalized	710	650	746	614	591
Changes in construction-related payables	−118	138	−43	−38	−109
Excise tax accrued on repurchase of common stock	18	17	5	0	—

Filings

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Frequently asked questions

What is LAS VEGAS SANDS CORP's CIK number?

LAS VEGAS SANDS CORP's SEC CIK number is 0001300514 (1300514). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find LAS VEGAS SANDS CORP's SEC filings?

All of LAS VEGAS SANDS CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did LAS VEGAS SANDS CORP last report earnings?

LAS VEGAS SANDS CORP (LVS) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001300514-26-000039). This is LAS VEGAS SANDS CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is LAS VEGAS SANDS CORP's most recent earnings 8-K?

LAS VEGAS SANDS CORP's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001300514-26-000039. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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