Las Vegas Sands Corp. (LVS) quarterly cash flow statement — complete operating, investing & financing history
Las Vegas Sands Corp. (LVS) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 870M | 692M | 731M | 1.2B | 1.11B | 178M | 526M | 915M | 761M | 814M | 714M | 1.01B | 839M | 941M | 441M | -104M | -150M | -181M | -360M | 201M |
| Operating CF Margin % | 27.05% | 21.94% | 20.39% | 33% | 33.47% | 5.61% | 18.38% | 31.6% | 28.37% | 29.48% | 24.13% | 34.51% | 30.02% | 37.02% | 20.8% | -9.31% | -14.93% | -17.32% | -38.18% | 19.94% |
| Operating CF Growth % | -21.97% | 288.76% | 38.97% | 31.58% | 46.52% | -78.13% | -26.33% | -9.05% | -9.3% | -13.5% | 61.9% | 1067.31% | 659.33% | 619.89% | 222.5% | -151.74% | 5.66% | -209.04% | -86.53% | 4925% |
| Net Income | 352M | 373M | 641M | 448M | 491M | 519M | 408M | 392M | 353M | 424M | 583M | 469M | 449M | 368M | 145M | -269M | -380M | -414M | -478M | -315M |
| Depreciation & Amortization | 361M | 371M | 393M | 383M | 389M | 391M | 377M | 363M | 339M | 330M | 336M | 348M | 328M | 302M | 288M | 269M | 274M | 270M | 278M | 280M |
| Stock-Based Compensation | 14M | 13M | 24M | 15M | 14M | 14M | 11M | 13M | 13M | 15M | 14M | 11M | 11M | 11M | 11M | 9M | 10M | 10M | 10M | 7M |
| Deferred Taxes | 9M | 4M | -6M | -4M | -31M | -19M | -6M | 20M | -2M | -4M | -10M | 39M | 15M | 0 | -10M | -724M | 19M | -16M | -31M | -28M |
| Other Non-Cash Items | 38M | -324M | -76M | 228M | 96M | 57M | 26M | 6M | -16M | -1M | 17M | 2M | 5M | 2M | 43M | -27M | 13M | 32M | 186M | 127M |
| Working Capital Changes | 96M | 255M | -245M | 134M | 156M | -784M | -290M | 121M | 74M | 50M | -226M | 137M | 31M | 258M | -36M | 638M | -86M | -63M | -325M | 130M |
| Change in Receivables | -59M | 82M | -32M | -237M | -36M | -99M | -20M | -26M | 43M | -22M | 48M | -88M | -58M | -18M | -53M | -50M | -63M | -15M | 50M | -29M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -5M | -71M | 31M | 21M | 7M | 8M | -14M | 29M | -14M | -6M | -10M | 14M | 16M | 28M | 18M | -4M | 16M | 7M | -8M | 4M |
| Cash from Investing | -273M | 946M | -186M | -266M | -211M | -286M | -454M | -550M | -541M | -288M | -200M | -329M | -324M | -419M | -182M | -122M | -167M | -261M | 4.71B | -212M |
| Capital Expenditures | -281M | -332M | -194M | -274M | -154M | -286M | -379M | -547M | -539M | -289M | -196M | -325M | -327M | -196M | -166M | -172M | -170M | -289M | -149M | -194M |
| CapEx % of Revenue | 8.74% | 10.53% | 5.41% | 7.51% | 4.62% | 9.01% | 13.24% | 18.89% | 20.1% | 10.47% | 6.62% | 11.15% | 11.7% | 7.71% | 7.83% | 15.4% | 16.92% | 27.66% | 15.8% | 19.25% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8M | 1.28B | 8M | 8M | -57M | 0 | -75M | -3M | -2M | 1M | -4M | -4M | 3M | -223M | -16M | 50M | 3M | 28M | 4.86B | -18M |
| Cash from Financing | -1.12B | -1.25B | -1.04B | -451M | -1.01B | 512M | -692M | -879M | -773M | -769M | -639M | -1.18B | -703M | -1.27B | -36M | 482M | -15M | 480M | 175M | 234M |
| Debt Issued (Net) | 132M | 0 | -33M | -31M | -31M | 1.84B | 87M | -95M | -19M | -195M | -17M | -266M | -516M | -1.27B | -17M | 484M | -15M | 481M | 184M | 236M |
| Equity Issued (Net) | -949M | 0 | -755M | -238M | -499M | -800M | -418M | -450M | -450M | -400M | -452M | -506M | 0 | 0 | -1M | 0 | 0 | -1M | 0 | 0 |
| Dividends Paid | -193M | 0 | -202M | -169M | -239M | -246M | -179M | -145M | -146M | -148M | -151M | -152M | -153M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -950M | 0 | -753M | -501M | -498M | -800M | -418M | -450M | -450M | -400M | -452M | -506M | 0 | 0 | -1M | 0 | 0 | -1M | 0 | 0 |
| Other Financing | -109M | -1.25B | -50M | -13M | -243M | -280M | -182M | -189M | -158M | -26M | -19M | -254M | -34M | -1M | -18M | -2M | 0 | 0 | -9M | -2M |
| Net Change in Cash | -518M | 384M | -511M | 488M | -97M | 414M | -614M | -558M | -503M | -244M | -149M | -469M | -194M | -764M | 220M | 311M | -343M | 22M | 4.52B | 224M |
| Free Cash Flow | 589M | 360M | 537M | 930M | 961M | -108M | 147M | 368M | 222M | 525M | 518M | 681M | 512M | 745M | 275M | -276M | -320M | -470M | -509M | 7M |
| FCF Margin % | 18.31% | 11.41% | 14.98% | 25.49% | 28.85% | -3.4% | 5.14% | 12.71% | 8.28% | 19.01% | 17.51% | 23.36% | 18.32% | 29.31% | 12.97% | -24.71% | -31.84% | -44.98% | -53.98% | 0.69% |
| FCF Growth % | -38.71% | 433.33% | 265.31% | 152.72% | 332.88% | -120.57% | -71.62% | -45.96% | -56.64% | -29.53% | 88.36% | 346.74% | 260% | 258.51% | 154.03% | -4042.86% | 8.83% | -5322.22% | -5.17% | 102.82% |
| FCF per Share | 0.92 | 0.54 | 0.80 | 1.37 | 1.40 | -0.16 | 0.21 | 0.50 | 0.30 | 0.71 | 0.69 | 0.90 | 0.67 | 0.97 | 0.36 | -0.36 | -0.42 | -0.62 | -0.67 | 0.01 |
| FCF Conversion (FCF/Net Income) | 2.86x | 1.86x | 1.29x | 3.05x | 2.66x | 0.39x | 1.49x | 2.82x | 2.77x | 2.31x | 1.45x | 2.63x | 2.21x | 3.02x | 3.00x | 0.62x | 0.63x | 0.62x | -0.14x | -1.63x |
| Interest Paid | 532M | 0 | 212M | 143M | 204M | 117M | 246M | 87M | 209M | 94M | 260M | 76M | 279M | 95M | 296M | 86M | 250M | 52M | 226M | 0 |
| Taxes Paid | 362M | 0 | 58M | 39M | 97M | 101M | 34M | 16M | 91M | 84M | 31M | 32M | 58M | 61M | 25M | 155M | 150M | 334M | 10M | 0 |