Name: Las Vegas Sands Corp. (NYSE:LVS) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Download chart

Las Vegas Sands Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	89)	77)	98)	149)	178)
Construction payables	189)	227)	342)	334)	189)
Customer deposits	471)	470)	614)	582)	676)
Payroll and related	316)	253)	205)	378)	359)
Accrued interest payable	189)	157)	179)	165)	115)
Taxes and licenses	134)	143)	155)	389)	403)
Outstanding chip liability	81)	74)	211)	540)	551)
Other accruals	267)	237)	342)	342)	331)
Other accrued liabilities	1,458)	1,334)	1,706)	2,396)	2,435)
Income taxes payable	135)	32)	87)	275)	244)
Current maturities of long-term debt	2,031)	74)	76)	70)	111)
Current liabilities of discontinued operations held for sale	—)	821)	—)	—)	—)
Current liabilities	3,902)	2,565)	2,309)	3,224)	3,157)
Other long-term liabilities	382)	352)	497)	513)	179)
Deferred income taxes	152)	173)	188)	183)	191)
Deferred amounts related to mall sale transactions	—)	—)	344)	350)	401)
Long-term debt, excluding current maturities	13,947)	14,721)	13,931)	12,422)	11,874)
Long-term liabilities	14,481)	15,246)	14,960)	13,468)	12,645)
Total liabilities	18,383)	17,811)	17,269)	16,692)	15,802)
Preferred stock, $0.001 par value, zero shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.001 par value	1)	1)	1)	1)	1)
Treasury stock, at cost	(4,481)	(4,481)	(4,481)	(4,481)	(3,727)
Capital in excess of par value	6,684)	6,646)	6,611)	6,569)	6,680)
Accumulated other comprehensive income (loss)	(7)	(22)	29)	(3)	(40)
Retained earnings (loss)	1,684)	(148)	813)	3,101)	2,770)
Total Las Vegas Sands Corp. stockholders’ equity	3,881)	1,996)	2,973)	5,187)	5,684)
Noncontrolling interests	(225)	252)	565)	1,320)	1,061)
Total equity	3,656)	2,248)	3,538)	6,507)	6,745)
Total liabilities and equity	22,039)	20,059)	20,807)	23,199)	22,547)

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).

The financial position of Las Vegas Sands Corp. between 2018 and 2022 is characterized by a steady increase in total liabilities and significant volatility in stockholders' equity, coinciding with a period of operational instability and subsequent recovery.

Liability Structure and Debt Maturity: Total liabilities exhibited a consistent upward trend, rising from 15,802 million USD in 2018 to 18,383 million USD by 2022. A critical shift is observed in the composition of current liabilities during 2022, where current maturities of long-term debt surged to 2,031 million USD from 74 million USD in 2021, indicating a significant concentration of debt obligations coming due in the short term.; Long-term debt, excluding current maturities, increased from 11,874 million USD in 2018 to a peak of 14,721 million USD in 2021, before slightly moderating to 13,947 million USD in 2022. This suggests an increased reliance on long-term borrowing to sustain operations during the 2020-2021 period.
Operational Liability Trends: A marked decline in outstanding chip liabilities is evident, falling from 551 million USD in 2018 to 81 million USD in 2022, with the most precipitous drop occurring between 2019 and 2020. This contraction reflects a substantial decrease in casino floor activity.; Other accrued liabilities showed a downward trajectory from 2,435 million USD in 2018 to 1,458 million USD in 2022, although a slight recovery began in the final year of the period.
Equity and Retained Earnings Volatility: Total stockholders' equity experienced a severe contraction, declining from 5,684 million USD in 2018 to a low of 1,996 million USD in 2021. This decline was primarily driven by the erosion of retained earnings, which plummeted from 2,770 million USD in 2018 to a deficit of 148 million USD in 2021.; A strong recovery in equity is observed in 2022, with total stockholders' equity rebounding to 3,881 million USD. This was supported by a significant reversal in retained earnings, which returned to a positive balance of 1,684 million USD.
Capital Structure and Leverage: The overall balance between liabilities and equity shifted toward higher leverage. While total liabilities increased by approximately 16% over the five-year period, total equity remained significantly lower than 2018 levels, ending at 3,656 million USD in 2022 compared to 6,745 million USD in 2018.; Treasury stock remained constant at 4,481 million USD from 2019 through 2022, indicating no new share buyback activity after the initial 2019 increase.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?