Stock Analysis on Net
Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

This company has been moved to the archive! The financial data has not been updated since October 20, 2023.

Common-Size Income Statement 

Las Vegas Sands Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Casino 63.92 68.30 62.79 71.53 71.52
Rooms 11.41 9.80 13.79 12.75 12.62
Food and beverage 7.32 4.70 7.83 6.53 6.30
Mall 14.11 15.33 10.55 5.21 5.03
Convention, retail and other 3.24 1.87 5.04 3.97 4.53
Net revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Casino -43.60 -48.84 -48.67 -38.61 -39.68
Rooms -4.21 -3.87 -7.50 -3.23 -3.19
Food and beverage -7.76 -5.76 -10.27 -5.11 -4.90
Mall -1.78 -1.54 -1.63 -0.57 -0.58
Convention, retail and other -2.51 -2.01 -4.13 -2.21 -2.45
Cost of revenues -59.85% -62.02% -72.20% -49.73% -50.80%
Gross profit 40.15% 37.98% 27.80% 50.27% 49.20%
Provision for credit losses -0.36 -0.07 -2.74 -0.22 -0.04
General and administrative -22.77 -19.63 -30.26 -10.93 -10.80
Corporate -5.72 -4.98 -4.65 -2.28 -1.47
Pre-opening -0.32 -0.45 -0.53 -0.25 -0.04
Development -3.48 -2.57 -0.50 -0.17 -0.09
Depreciation and amortization -25.21 -24.59 -32.12 -8.48 -8.09
Amortization of leasehold interests in land -1.34 -1.32 -1.52 -0.37 -0.25
Loss on disposal or impairment of assets -0.22 -0.64 -2.21 -0.66 -1.09
Operating income (loss) -19.27% -16.27% -46.73% 26.92% 27.32%
Interest income 2.82 0.09 0.58 0.54 0.43
Interest expense, net of amounts capitalized -17.08 -14.67 -14.84 -4.04 -3.25
Other income (expense) -0.22 -0.73 0.61 0.17 0.19
Gain on sale of Sands Bethlehem 0.00 0.00 0.00 4.05 0.00
Loss on modification or early retirement of debt 0.00 -3.24 0.00 -0.17 -0.47
Income (loss) from continuing operations before income taxes -33.75% -34.81% -60.38% 27.45% 24.23%
Income tax (expense) benefit -3.75 0.12 1.05 -3.41 -2.73
Net income (loss) from continuing operations -37.49% -34.70% -59.33% 24.05% 21.49%
Income from operations of discontinued operations, net of tax 1.12 4.56 0.00 0.00 0.00
Gain on disposal of discontinued operations, net of tax 69.61 0.00 0.00 0.00 0.00
Adjustment to gain on disposal of discontinued operations, net of tax -0.22 0.00 0.00 0.00 0.00
Income from discontinued operations, net of tax 70.51% 4.56% 0.00% 0.00% 0.00%
Net income (loss) 33.02% -30.14% -59.33% 24.05% 21.49%
Net (income) loss attributable to noncontrolling interests from continuing operations 11.56 7.44 12.68 -4.41 -3.92
Net income (loss) attributable to Las Vegas Sands Corp. 44.57% -22.70% -46.65% 19.64% 17.58%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Las Vegas Sands Corp. operating income (loss) as a percentage of net revenues increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Las Vegas Sands Corp. income (loss) from continuing operations before income taxes as a percentage of net revenues increased from 2020 to 2021 and from 2021 to 2022.
Net income (loss) attributable to Las Vegas Sands Corp. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Las Vegas Sands Corp. net income (loss) attributable to Las Vegas Sands Corp. as a percentage of net revenues increased from 2020 to 2021 and from 2021 to 2022.