Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Las Vegas Sands Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	5,574)	5,768)	6,532)	6,311)	5,836)	6,452)	6,430)	1,854)	1,644)	2,057)	2,074)	2,121)	2,381)	3,016)	2,602)	4,226)	3,817)	4,017)	4,134)	4,648)	4,772)	4,350)	2,628)
Restricted cash and cash equivalents	—)	—)	—)	—)	—)	16)	16)	16)	16)	16)	16)	16)	17)	16)	16)	16)	15)	14)	14)	13)	13)	12)	12)
Accounts receivable, net of provision for credit losses	390)	336)	328)	267)	210)	158)	147)	202)	167)	160)	205)	338)	382)	567)	653)	844)	757)	767)	737)	726)	650)	555)	587)
Inventories	35)	32)	28)	28)	23)	24)	23)	22)	22)	22)	23)	32)	34)	37)	36)	37)	33)	33)	35)	35)	42)	44)	46)
Prepaid expenses and other	173)	154)	127)	138)	138)	120)	109)	113)	124)	108)	119)	137)	144)	136)	186)	182)	186)	126)	135)	144)	137)	114)	121)
Current assets of discontinued operations held for sale	—)	—)	—)	—)	—)	—)	—)	3,303)	3,255)	3,214)	3,193)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	6,172)	6,290)	7,015)	6,744)	6,207)	6,770)	6,725)	5,510)	5,228)	5,577)	5,630)	2,644)	2,958)	3,772)	3,493)	5,305)	4,808)	4,957)	5,055)	5,566)	5,614)	5,075)	3,394)
Loan receivable	1,186)	1,179)	1,172)	1,165)	1,208)	1,200)	1,200)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Property and equipment, net	11,589)	11,591)	11,332)	11,451)	11,284)	11,498)	11,709)	11,850)	11,932)	12,028)	12,125)	15,109)	14,992)	14,911)	14,706)	14,844)	14,590)	14,591)	15,099)	15,154)	15,186)	15,217)	15,485)
Restricted cash	124)	124)	124)	125)	289)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred income taxes, net	127)	136)	135)	131)	165)	189)	186)	297)	325)	338)	327)	318)	327)	308)	279)	282)	288)	301)	359)	368)	1,121)	1,129)	1,143)
Leasehold interests in land, net	2,053)	2,075)	2,132)	2,128)	2,034)	2,090)	2,152)	2,166)	2,169)	2,202)	2,211)	2,256)	2,210)	2,192)	2,169)	2,272)	2,239)	2,288)	1,333)	1,198)	1,207)	1,213)	1,253)
Goodwill and intangible assets, net	609)	631)	545)	64)	62)	67)	19)	19)	15)	15)	20)	25)	28)	32)	36)	42)	45)	51)	69)	72)	76)	81)	85)
Other assets, net	264)	244)	260)	231)	220)	245)	256)	217)	223)	218)	228)	455)	467)	480)	484)	454)	457)	406)	398)	189)	135)	140)	144)
Noncurrent assets	15,952)	15,980)	15,700)	15,295)	15,262)	15,289)	15,522)	14,549)	14,664)	14,801)	14,911)	18,163)	18,024)	17,923)	17,674)	17,894)	17,619)	17,637)	17,258)	16,981)	17,725)	17,780)	18,110)
Total assets	22,124)	22,270)	22,715)	22,039)	21,469)	22,059)	22,247)	20,059)	19,892)	20,378)	20,541)	20,807)	20,982)	21,695)	21,167)	23,199)	22,427)	22,594)	22,313)	22,547)	23,339)	22,855)	21,504)

Cash and cash equivalents: Cash and cash equivalents exhibited an overall fluctuating trend over the observed periods. Starting at 2,628 million USD in March 2018, the balance increased steadily to a peak around the end of 2018 and early 2019, followed by a notable decline during the initial quarters of the COVID-19 pandemic in 2020. Recovery began in 2021, with a marked increase from early 2022 through the first quarter of 2023, reaching 6,532 million USD before a slight decrease in subsequent quarters.
Restricted cash and cash equivalents: These balances remained relatively stable across all periods, fluctuating narrowly between 12 and 17 million USD, showing minimal volatility or significant shifts.
Accounts receivable, net of provision for credit losses: Accounts receivable showed moderate variability with a mild upward trend between 2018 and early 2019, reaching highs around 844 million USD. The pandemic period saw a decline, bottoming near 205 million USD in early 2021. Subsequent quarters reflect a gradual recovery, with receivables climbing steadily and reaching 390 million USD by the third quarter of 2023.
Inventories: Inventory levels remained relatively low and stable, typically ranging from 22 to 46 million USD. Minor fluctuations occurred without a clear upward or downward trend, indicating maintenance of consistent stock levels throughout the periods.
Prepaid expenses and other: The balance exhibited some fluctuations, beginning near 121 million USD and spiking sporadically, particularly in late 2018. A dip occurred mid-2020, possibly linked to pandemic disruptions. From 2021 onward, the values generally rose, peaking to 173 million USD by the third quarter of 2023, indicating increasing prepayments or other current asset components.
Current assets of discontinued operations held for sale: This item appears only for 2020 and 2021 periods, with a significant value exceeding 3,000 million USD, showing a consistent upward movement through these quarters, and then disappearing from reporting, signifying possible disposal or reclassification.
Current assets: Current assets fluctuated markedly, initially increasing to 5,614 million USD by late 2018, declining sharply during 2020 to a low of 2,644 million USD, then rebounding strongly in 2021 and into 2022 and 2023, peaking over 7,000 million USD in the first quarter of 2023, before a slight decrease. This pattern reflects the impact of the pandemic and subsequent recovery efforts.
Loan receivable: Reported only from 2022 onward, the loan receivable balance remained stable, near 1,200 million USD, indicating a relatively constant loan exposure during recent periods.
Property and equipment, net: Net property and equipment show a gradual downward trend from approximately 15,485 million USD in early 2018 to around 11,589 million USD by third quarter 2023. This slow decline may indicate depreciation, asset disposals, or reduced capital expenditure over time.
Restricted cash: Reported from mid-2022, the restricted cash figure is relatively low, fluctuating around 124 to 289 million USD, indicating a small portion of cash resources subject to use restrictions.
Deferred income taxes, net: Deferred income taxes declined sharply from 1,143 million USD in early 2018 to much lower levels near 131 million USD by early 2023, showing a significant decrease over the observed timeframe. Minor fluctuations exist but overall exhibit a downward trend.
Leasehold interests in land, net: This asset category showed relative stability with slight declines from 1,253 million USD in early 2018 to approximately 2,053 million USD at the third quarter of 2023. The values roughly doubled mid-period due to a marked increase around 2019, then decreased gradually afterward.
Goodwill and intangible assets, net: Goodwill and intangible assets declined from 85 million USD in early 2018 to very low levels by 2021 before surging notably to over 600 million USD in 2023. This sharp increase suggests possible acquisitions or revaluations during recent quarters.
Other assets, net: Other assets showed modest fluctuations, ranging between 135 and 484 million USD, with no sustained trend, indicating stable but variable holdings within this asset category.
Noncurrent assets: Noncurrent assets decreased from about 18,110 million USD in early 2018 to approximately 14,500 million USD in 2021, followed by a gradual recovery reaching near 16,000 million USD by late 2023. This reflects adjustments in long-term asset bases and possible disposals or additions across the period.
Total assets: Total assets moved from 21,504 million USD in early 2018 to a peak near 23,399 million USD in 2018, dipped notably during 2020 amid the pandemic to around 20,807 million USD, then gradually recovered, reaching approximately 22,715 million USD by early 2023, before a slight decline. The fluctuations largely correspond to the overall business cycle and external impacts such as the pandemic.

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Las Vegas Sands Corp. (NYSE:LVS)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data