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
Try for free
Las Vegas Sands Corp. pages available for free this week:
- Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Las Vegas Sands Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
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.