Stock Analysis on Net
Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

$22.49

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

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.

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

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Construction payables
Customer deposits
Payroll and related
Accrued interest payable
Taxes and licenses
Outstanding chip liability
Other accruals
Other accrued liabilities
Income taxes payable
Current maturities of long-term debt
Current liabilities of discontinued operations held for sale
Current liabilities
Other long-term liabilities
Deferred income taxes
Deferred amounts related to mall sale transactions
Long-term debt, excluding current maturities
Long-term liabilities
Total liabilities
Preferred stock, $0.001 par value, zero shares issued and outstanding
Common stock, $0.001 par value
Treasury stock, at cost
Capital in excess of par value
Accumulated other comprehensive income (loss)
Retained earnings (loss)
Total Las Vegas Sands Corp. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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 analysis of the financial data over the five-year period reveals various notable trends and fluctuations in the company's liabilities and equity components.

Current Liabilities
Accounts payable decreased steadily from 178 million in 2018 to a low of 77 million in 2021, before rising slightly to 89 million in 2022. Construction payables have shown variability, peaking at 342 million in 2020, then declining to 189 million by 2022. Customer deposits generally trended downward from 676 million in 2018 to 471 million in 2022, with a slight increase in 2020. Payroll and related expenses decreased sharply in 2020, likely due to operational impacts, but recovered to 316 million by 2022. Accrued interest payable rose from 115 million in 2018 to 189 million in 2022, though experienced a dip in 2021. Taxes and licenses dropped markedly from 403 million in 2018 to 134 million in 2022, reflecting potential changes in tax obligations or operational results. Outstanding chip liability showed a steep decline from 551 million in 2018 to 81 million in 2022, signaling reduced exposure in this area. Other accruals followed a declining pattern after 2019, settling at 267 million in 2022. Other accrued liabilities decreased significantly from 2,435 million in 2018 to 1,458 million in 2022. Income taxes payable fluctuated, with a low of 32 million in 2021 and a resurgence to 135 million in 2022. Current maturities of long-term debt spiked dramatically to 2,031 million in 2022 after remaining relatively stable in earlier years. There was a one-time reported figure of 821 million for current liabilities of discontinued operations held for sale in 2021.
Long-term Liabilities
Other long-term liabilities increased substantially from 179 million in 2018 to 513 million in 2019, then declined to 382 million by 2022. Deferred income taxes remained fairly stable with a modest downward trend from 191 million in 2018 to 152 million in 2022. Deferred amounts related to mall sale transactions were reported only through 2020, decreasing from 401 million in 2018 to 344 million in 2020, then reported as unavailable. Long-term debt (excluding current maturities) rose consistently from 11,874 million in 2018 to a peak of 14,721 million in 2021, before dropping slightly to 13,947 million in 2022. Overall, long-term liabilities increased until 2021 but showed a decrease in 2022.
Total Liabilities
Total liabilities increased fairly steadily over the period, from 15,802 million in 2018 to 18,383 million in 2022, indicating a growing obligation load for the company generally.
Equity
Common stock remained constant at 1 million throughout the years, while treasury stock showed a negative and stable value of approximately -4,481 million from 2019 onwards. Capital in excess of par value remained relatively stable near 6,600 million. Accumulated other comprehensive income (loss) fluctuated, moving from a negative 40 million in 2018 to a positive 29 million in 2020, then back to negative 7 million in 2022. Retained earnings saw considerable volatility: increasing from 2,770 million in 2018 to 3,101 million in 2019, dropping sharply to a loss of 148 million in 2021, and then recovering to 1,684 million in 2022. Total stockholders’ equity declined sharply after 2019 from 5,187 million to 1,996 million in 2021, then rebounded to 3,881 million in 2022. Noncontrolling interests decreased severely after 2019, turning negative at -225 million in 2022 from a peak of 1,320 million in 2019. Consequently, total equity followed a similar downward trend, falling from 6,507 million in 2019 to 2,248 million in 2021, before increasing to 3,656 million in 2022.
Total Liabilities and Equity
Total combined liabilities and equity peaked at 23,199 million in 2019, then contracted to 20,059 million in 2021, and increased again to 22,039 million in 2022, showing some recovery after a decline.

In summary, the data reflects a period marked by significant fluctuations in several liability categories, notably in current maturities of long-term debt and construction payables, as well as considerable volatility in equity positions, particularly retained earnings and noncontrolling interests. The increase in total liabilities and the decline followed by a partial recovery in equity suggest financial restructuring or operational challenges within this timeframe. The sharp drop in several accrual liabilities and customer-related liabilities during 2020–2021 likely correlates with external factors impacting operations during that period. Overall, the financial trends indicate the company experienced material financial pressures but showed signs of stabilization and partial recovery toward the end of the period.