Las Vegas Sands Corp. (LVS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 731M | 1.2B | 1.11B | 178M | 526M | 915M | 761M | 814M | 714M | 1.01B | 839M | 941M | 441M | -104M | -150M | -181M | -360M | 201M | -159M | 166M |
| Operating CF Margin % | 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% | -18.55% | 14.15% |
| Operating CF Growth % | 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% | 45.92% | 125.46% |
| Net Income | 567M | 395M | 491M | 519M | 408M | 392M | 353M | 424M | 583M | 469M | 449M | 368M | 145M | -269M | -380M | -414M | -478M | -315M | -368M | -192M |
| Depreciation & Amortization | 357M | 383M | 333M | 391M | 377M | 363M | 339M | 330M | 336M | 348M | 328M | 302M | 288M | 269M | 274M | 270M | 278M | 280M | 289M | 285M |
| Stock-Based Compensation | 24M | 0 | 14M | 14M | 11M | 13M | 13M | 15M | 14M | 11M | 11M | 11M | 11M | 9M | 10M | 10M | 10M | 7M | 3M | 7M |
| Deferred Taxes | -6M | -4M | -31M | -19M | -6M | 20M | -2M | -4M | -10M | 39M | 15M | 0 | -10M | -724M | 19M | -16M | -31M | -28M | 0 | 0 |
| Other Non-Cash Items | -211M | 296M | 152M | 57M | 26M | 6M | -16M | -1M | 17M | 2M | 5M | 2M | 43M | -27M | 13M | 32M | 186M | 127M | 30M | -18M |
| Working Capital Changes | 0 | 134M | 156M | -784M | -290M | 121M | 74M | 50M | -226M | 137M | 31M | 258M | -36M | 638M | -86M | -63M | -325M | 130M | -113M | 84M |
| Change in Receivables | 32M | -237M | -36M | -99M | -20M | -26M | 43M | -22M | 48M | -88M | -58M | -18M | -53M | -50M | -63M | -15M | 50M | -29M | -12M | 44M |
| 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 | -31M | 21M | 7M | 8M | -14M | 29M | -14M | -6M | -10M | 14M | 16M | 28M | 18M | -4M | 16M | 7M | -8M | 4M | 0 | 0 |
| Cash from Investing | -186M | -274M | -211M | -286M | -454M | -550M | -541M | -288M | -200M | -329M | -324M | -419M | -182M | -122M | -167M | -261M | 4.71B | -212M | -213M | -165M |
| Capital Expenditures | -194M | -274M | -154M | -286M | -454M | -550M | -541M | -289M | -200M | -329M | -327M | -419M | -182M | -172M | -170M | -289M | -149M | -194M | -192M | -157M |
| CapEx % of Revenue | 5.41% | 7.51% | 4.62% | 9.01% | 15.86% | 18.99% | 20.17% | 10.47% | 6.76% | 11.29% | 11.7% | 16.48% | 8.58% | 15.4% | 16.92% | 27.66% | 15.8% | 19.25% | 22.4% | 13.38% |
| Acquisitions | 0 | -8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8M | 8M | -57M | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 3M | 0 | 0 | 50M | 3M | 28M | 4.86B | -18M | -21M | -8M |
| Cash from Financing | -1.04B | -443M | -1.01B | 512M | -692M | -879M | -773M | -769M | -639M | -1.18B | -703M | -1.27B | -36M | 482M | -15M | 480M | 175M | 234M | -31M | -17M |
| Debt Issued (Net) | 0 | -31M | -31M | 1.84B | 87M | 0 | 0 | 0 | -17M | -266M | -516M | -1.27B | -17M | 484M | -15M | 481M | 184M | 236M | 128M | -16M |
| Equity Issued (Net) | 0 | -238M | -499M | -800M | -418M | -451M | -450M | -402M | -452M | -506M | 0 | 0 | -1M | 0 | 0 | -1M | 0 | 0 | 0 | 0 |
| Dividends Paid | -202M | 664M | -239M | -246M | -179M | -145M | -146M | -148M | -151M | -152M | -153M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -753M | -501M | -498M | -800M | -418M | -451M | -450M | -402M | -452M | -506M | 0 | 0 | -1M | 0 | 0 | -1M | 0 | 0 | 0 | 0 |
| Other Financing | -838M | -838M | -243M | -280M | -182M | -283M | -177M | -219M | -19M | -254M | -34M | -1M | -18M | -2M | 0 | 0 | -9M | -2M | -159M | -1M |
| Net Change in Cash | -511M | 488M | -97M | 414M | -614M | -558M | -503M | -244M | -149M | -469M | -194M | -764M | 220M | 311M | -343M | 22M | 4.52B | 224M | -410M | -14M |
| Free Cash Flow | 537M | 930M | 961M | -108M | 72M | 365M | 220M | 525M | 514M | 677M | 512M | 522M | 259M | -276M | -320M | -470M | -509M | 7M | -351M | 9M |
| FCF Margin % | 14.98% | 25.49% | 28.85% | -3.4% | 2.52% | 12.6% | 8.2% | 19.01% | 17.37% | 23.22% | 18.32% | 20.54% | 12.22% | -24.71% | -31.84% | -44.98% | -53.98% | 0.69% | -40.96% | 0.77% |
| FCF Growth % | 645.83% | 154.79% | 336.82% | -120.57% | -85.99% | -46.09% | -57.03% | 0.57% | 98.46% | 345.29% | 260% | 211.06% | 150.88% | -4042.86% | 8.83% | -5322.22% | -5.17% | 102.82% | 46% | 100.9% |
| FCF per Share | 0.80 | 1.37 | 1.40 | -0.16 | 0.10 | 0.50 | 0.30 | 0.71 | 0.68 | 0.89 | 0.67 | 0.68 | 0.34 | -0.36 | -0.42 | -0.62 | -0.67 | 0.01 | -0.46 | 0.01 |
| FCF Conversion (FCF/Net Income) | 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 | 0.63x | 0.63x | 0.63x | 1.09x | -1.63x | 0.43x | -0.86x |
| Interest Paid | 0 | 0 | 204M | 117M | 246M | 87M | 209M | 94M | 260M | 76M | 279M | 95M | 296M | 86M | 250M | 52M | 226M | 0 | 244M | 50M |
| Taxes Paid | 0 | 0 | 97M | 101M | 34M | 16M | 91M | 84M | 31M | 32M | 58M | 61M | 25M | 155M | 150M | 334M | 10M | 0 | 3M | 6M |