Las Vegas Sands Corp. (LVS)
NYSE: LVS · Real-Time Price · USD
36.98
+0.76 (2.10%)
Oct 29, 2026, 3:19 PM EDT - Market open
Las Vegas Sands Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,612 | 1,627 | 1,446 | 1,221 | 1,832 | -961 |
Depreciation & Amortization | 1,493 | 1,540 | 1,368 | 1,266 | 1,091 | 1,097 |
Other Amortization | 61 | 58 | 57 | 61 | 57 | 52 |
Loss (Gain) From Sale of Assets | 170 | 236 | 19 | 11 | 7 | 16 |
Stock-Based Compensation | 66 | 54 | 55 | 44 | 39 | 22 |
Provision & Write-off of Bad Debts | 132 | 85 | 19 | 4 | 15 | 3 |
Other Operating Activities | 212 | 207 | 221 | 230 | -4,149 | -383 |
Change in Accounts Receivable | -246 | -392 | 43 | -217 | -78 | 43 |
Change in Accounts Payable | -24 | 22 | -1 | 76 | 11 | -11 |
Change in Other Net Operating Assets | 11 | -414 | -23 | 531 | 231 | -121 |
Operating Cash Flow | 3,487 | 3,023 | 3,204 | 3,227 | -795 | 15 |
Operating Cash Flow Growth | 27.54% | -5.65% | -0.71% | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -1,081 | -1,168 | -1,567 | -1,017 | -651 | -828 |
Sale of Property, Plant & Equipment | 6 | 7 | 1 | 3 | 9 | 7 |
Sale (Purchase) of Intangibles | -5 | -75 | -13 | -240 | -129 | -11 |
Other Investing Activities | 37 | 19 | - | - | 4,883 | -63 |
Investing Cash Flow | 221 | -1,217 | -1,579 | -1,254 | 4,162 | -895 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 6,781 | 1,748 | - | 1,200 | 2,702 |
Long-Term Debt Repaid | - | -4,918 | -2,074 | -2,069 | -66 | -1,867 |
Net Debt Issued (Repaid) | -385 | 1,863 | -326 | -2,069 | 1,134 | 835 |
Issuance of Common Stock | 268 | 264 | 1 | 4 | - | 19 |
Repurchase of Common Stock | -2,999 | -2,219 | -1,755 | -507 | -1 | - |
Common Dividends Paid | -892 | -695 | -590 | -305 | - | - |
Other Financing Activities | -185 | -856 | -390 | -311 | -11 | -170 |
Financing Cash Flow | -4,193 | -1,643 | -3,060 | -3,188 | 1,122 | 684 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -10 | 28 | -19 | 8 | 22 | -16 |
Net Cash Flow | -495 | 191 | -1,454 | -1,207 | 4,511 | -212 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 2,406 | 1,855 | 1,637 | 2,210 | -1,446 | -813 |
Free Cash Flow Growth | 86.08% | 13.32% | -25.93% | - | - | - |
Free Cash Flow Margin | 17.69% | 14.25% | 14.49% | 21.31% | -35.18% | -19.20% |
Free Cash Flow Per Share | 3.64 | 2.68 | 2.22 | 2.89 | -1.89 | -1.06 |
Levered Free Cash Flow | 2,107 | 1,973 | 1,155 | 1,499 | 2,114 | -743.88 |
Unlevered Free Cash Flow | 2,518 | 2,382 | 1,553 | 1,950 | 2,496 | -407.75 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 675 | 710 | 650 | 746 | 614 | 591 |
Cash Income Tax Paid | 401 | 271 | 222 | 176 | 649 | 86 |
Change in Working Capital | -259 | -784 | 19 | 390 | 164 | -89 |