Las Vegas Sands Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	1,446	1,221	1,832	-961
Depreciation & Amortization	-	1,368	1,266	1,091	1,097
Other Amortization	-	57	61	57	52
Loss (Gain) From Sale of Assets	-	19	11	7	16
Stock-Based Compensation	-	55	44	39	22
Provision & Write-off of Bad Debts	-	19	4	15	3
Other Operating Activities	-	221	230	-4,149	-383
Change in Accounts Receivable	-	43	-217	-78	43
Change in Accounts Payable	-	-1	76	11	-11
Change in Other Net Operating Assets	-	-23	531	231	-121
Operating Cash Flow	-	3,204	3,227	-795	15
Operating Cash Flow Growth	-	-0.71%	-	-	-
Capital Expenditures	-	-1,567	-1,017	-651	-828
Sale of Property, Plant & Equipment	-	1	3	9	7
Sale (Purchase) of Intangibles	-	-13	-240	-129	-11
Other Investing Activities	-	-	-	4,883	-63
Investing Cash Flow	-	-1,579	-1,254	4,162	-895
Long-Term Debt Issued	-	1,748	-	1,200	2,702
Long-Term Debt Repaid	-	-2,074	-2,069	-66	-1,867
Net Debt Issued (Repaid)	-	-326	-2,069	1,134	835
Issuance of Common Stock	-	1	4	-	19
Repurchase of Common Stock	-	-1,755	-507	-1	-
Common Dividends Paid	-	-590	-305	-	-
Other Financing Activities	-	-390	-311	-11	-170
Financing Cash Flow	-	-3,060	-3,188	1,122	684
Foreign Exchange Rate Adjustments	-	-19	8	22	-16
Net Cash Flow	-	-1,454	-1,207	4,511	-212
Free Cash Flow	-	1,637	2,210	-1,446	-813
Free Cash Flow Growth	-	-25.93%	-	-	-
Free Cash Flow Margin	-	14.49%	21.31%	-35.18%	-19.20%
Free Cash Flow Per Share	-	2.22	2.89	-1.89	-1.06
Cash Interest Paid	-	650	746	614	591
Cash Income Tax Paid	-	222	176	649	86
Levered Free Cash Flow	-	1,155	1,499	2,114	-743.88
Unlevered Free Cash Flow	-	1,553	1,950	2,496	-407.75
Change in Working Capital	-	19	390	164	-89

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.