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.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Las Vegas Sands Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss) from continuing operations
Depreciation and amortization
Amortization of leasehold interests in land
Amortization of deferred financing costs and original issue discount
Amortization of deferred gain on mall sale transactions
Change in fair value of derivative asset/liability
Paid-in-kind interest income
Loss on modification or early retirement of debt
(Gain) loss on disposal or impairment of assets
Gain on sale of Sands Bethlehem
Stock-based compensation expense
Provision for (recovery of) credit losses
Foreign exchange (gain) loss
Deferred income taxes
Income tax impact related to gain on sale of Las Vegas Operations
Accounts receivable
Other assets
Leasehold interests in land
Accounts payable
Other liabilities
Changes in operating assets and liabilities
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities
Net cash generated from (used in) operating activities
Net proceeds from sale of Sands Bethlehem
Capital expenditures
Proceeds from disposal of property and equipment
Acquisition of intangible assets and other
Proceeds from loan receivable
Net cash used in (generated from) investing activities
Proceeds from exercise of stock options
Repurchase of common stock
Tax withholding on vesting of equity awards
Dividends paid
Proceeds from long-term debt
Repayments of long-term debt
Payments of financing costs
Make-whole premium on early extinguishment of debt
Other
Transactions with discontinued operations
Net cash generated from (used in) financing activities
Net cash generated from (used in) operating activities
Net cash (used in) generated from investing activities
Net cash generated from (used in) financing activities
Net cash provided to (used in) discontinued operations
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


Net Income from Continuing Operations
Net income exhibits significant volatility over the periods analyzed. The company posted strong net income in early 2018, peaking at 1,616 million USD in Q1 2018, followed by substantial declines and near break-even or negative figures toward the end of the year and notably during 2020, which reflects the impact of external factors possibly related to the COVID-19 pandemic. Recovery signs appear in 2023 with positive net income figures resuming.
Depreciation and Amortization
This cost remains relatively stable throughout the period, fluctuating modestly between approximately 255 million USD and 313 million USD per quarter. This consistency indicates steady asset base usage and amortization of intangible assets over time.
Amortization of Leasehold Interests and Financing Costs
These non-cash expenses are fairly steady, with leasehold interests amortizing around 14 million USD quarterly and deferred financing costs seeing a mild upward trend from around 7-12 million USD to 15-16 million USD towards the latest periods, reflecting changes in financing structure or debt accounting.
Exceptional Gains and Losses
The company recorded a notable gain of 556 million USD from the sale of Sands Bethlehem in mid-2019 which is a significant one-time event impacting income positively. Losses on asset disposals and impairments are irregular but generally minor except spikes like 105 million USD in Q2 2018. The impact of debt modifications has occasionally led to losses, including a substantial 137 million USD loss in Q2 2021.
Stock-Based Compensation and Credit Loss Provision
Stock-based compensation costs are stable, averaging around 5 to 11 million USD per quarter, suggesting consistent employee compensation policies involving equity. Provision for credit losses peaks during the pandemic period (up to 39 million USD in late 2020), reflecting increased credit risk or deteriorating receivables, then reduces gradually as conditions improve.
Foreign Exchange Effects and Deferred Taxes
Foreign exchange gains and losses show considerable volatility, often swinging between positive and negative values without a clear trend, indicating exposure to currency risks. Deferred income taxes also fluctuate notably, including large negative and positive impacts, potentially linked to timing of tax recognition and unusual transactions, such as asset sales.
Working Capital Components
Accounts receivable and payable present inconsistent patterns. Receivables vary widely with occasional significant increases and decreases, perhaps reflecting timing of revenue collections or credit policy changes. Payables similarly fluctuate; notable is a pronounced negative balance in accounts payable in Q3 2020 (-66 million USD) and positive swings thereafter. Other liabilities show extreme volatility, with large negative and positive movements (e.g., -670 million USD in Q1 2020 and 694 million USD in Q4 2022), indicating potentially irregular or one-off transactions impacting liabilities.
Operating Cash Flows
Operating cash generation is strong pre-pandemic, peaking over 1,300 million USD quarterly. There is a sharp reversal during 2020, with negative operating cash flows due to pandemic-induced operational disruptions. Recovery is observed in 2023 where operating cash flow returns to positive territory near 800-900 million USD, signaling operational normalization.
Investing Cash Flows
Capital expenditures are consistently significant, generally ranging from 150 to 460 million USD per quarter, indicating ongoing investment in property, plant, and equipment. An unusual inflow of 1,160 million USD in Q2 2019 from sale proceeds substantially affects investing cash flows that period. Other investing activities such as acquisitions of intangible assets fluctuate but are usually minor in comparison to capital expenditures.
Financing Activities
Financing cash flows reveal active debt management characterized by issuance and repayment of long-term debt in various tranches. The company issued large amounts notably in early 2018 and late 2019, while repayments spiked in Q3 2018 and Q3 2021. Repurchase of common stock occurred aggressively in periods before 2020, with cessation afterward. Dividends are regularly paid with a sharp reduction or hiatus observed in recent quarters. Significant financing inflows in 2022 Q1 stem from transactions with discontinued operations, reflecting major non-recurring cash events.
Cash and Cash Equivalents Changes
Cash levels have undergone wide fluctuations, including large increases due to financing activities and asset sales, as well as steep decreases linked to operational and investing outflows, most notably in 2020 during the pandemic. The recent quarters show modest cash increases indicating a more stable liquidity position.
Summary of Trends
The data display a company affected significantly by external shocks in 2020, with declines in profitability, operating cash flow, and disruptions in debt and equity financing activities. Prior to and following this period, the financial indicators reflect active asset management, capital investment, and capital structure adjustments. Recovery trends are evident in operating performance and cash generation metrics in 2023.