LAS VEGAS SANDS CORP. LVS Cash Flow

Las vegas sands corp. (LVS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-51,000	783,000	669,000	1,108,000	744,000	-40,000	699,000	676,000	1,616,000	1,361,000	684,000	639,000	579,000	616,000	606,000	394,000	409,000	575,278	618,193	581,491	611,038	877,929	860,499	852,844	996,728	769,731	809,298	671,673	703,974	571,343	444,980	286,381	579,109	524,352	505,172	489,092	364,503	386,407	268,834	78,548	47,814
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities:
Depreciation, Depletion and Amortization, Nonproduction
290,000	291,000	284,000	289,000	301,000	289,000	284,000	274,000	264,000	258,000	265,000	327,000	321,000	319,000	277,000	255,000	260,000	248,788	247,698	248,592	253,922	254,935	251,002	264,016	261,047	254,938	248,925	251,048	252,557	250,321	226,538	220,440	194,747	197,935	200,071	206,161	190,237	184,450	186,738	170,694	153,089
Amortization Of Leasehold Interests In Land
14,000	14,000	14,000	14,000	9,000	9,000	8,000	9,000	9,000	9,000	9,000	9,000	10,000	9,000	10,000	9,000	10,000	9,940	9,737	9,485	9,838	10,848	10,086	10,040	10,026	10,055	10,022	10,108	10,167	10,149	10,014	10,057	9,945	10,033	10,143	10,034	13,156	10,612	9,186	12,806	8,698
Amortization of deferred financing costs and original issue discount
10,000	9,000	9,000	7,000	8,000	7,000	8,000	9,000	11,000	11,000	10,000	10,000	11,000	11,000	11,000	11,000	11,000	10,865	11,205	11,191	10,739	10,933	12,438	13,067	14,562	14,175	14,376	14,056	14,185	14,075	13,811	10,994	11,596	12,129	11,297	11,891	11,871	11,709	12,355	9,721	7,809
Amortization of deferred gain on mall sale transactions
1,000	1,000	2,000	1,000	1,000	2,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	761	1,080	1,079	1,080	1,152	454	1,158	1,236	1,236	1,236	1,236	1,236	1,236	1,236	1,236	1,236	1,236	4,602	1,290	1,290	1,290	6,450	-1,290	-1,290
Gain (Loss) On Modification Or Early Retirement Of Debt
-	-	-	-	-	-9,000	-52,000	0	-3,000	0	0	0	-5,000	0	-2,000	0	0	-	-	-	-	345	-1,878	0	-13,467	-3,255	0	0	0	0	0	-15,498	-815	-	-	-	-	-	-	-	-
Non-cash change in deferred proceeds from sale of The Shoppes at The Palazzo
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	581	139	139	141	262	247	246	245	346	346	343	341	437	435	432	428	-	-	-	-	-	-	-	-
Gain on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,176
Loss on disposal or impairment of assets
-4,000	-71,000	-6,000	0	-5,000	-35,000	-4,000	-105,000	-5,000	7,000	-21,000	-3,000	-3,000	-64,000	-5,000	-11,000	1,000	-16,410	-709	-2,558	-15,323	-2,078	-801	-3,596	-525	-1,723	-2,739	-4,762	-1,932	-1,011	-154	-101,263	-43,486	-1,324	-937	-8,441	499	-111,246	94,805	-37,679	-492
Stock-based compensation expense
7,000	9,000	8,000	9,000	9,000	7,000	8,000	7,000	8,000	8,000	8,000	8,000	10,000	6,000	7,000	8,000	13,000	9,467	9,342	14,990	12,201	10,220	11,597	10,081	16,102	13,575	13,294	11,891	14,617	15,160	17,401	13,701	19,166	15,472	13,953	13,050	20,239	15,469	13,620	13,839	15,093
Provision for credit losses
18,000	15,000	4,000	7,000	4,000	9,000	5,000	7,000	-16,000	19,000	23,000	22,000	32,000	34,000	51,000	43,000	45,000	29,837	32,757	36,056	57,350	44,310	31,103	49,669	61,918	55,678	55,371	62,058	64,679	55,935	72,805	58,374	52,218	57,949	33,953	23,496	35,058	24,776	37,833	18,711	16,442
Foreign exchange (gain) loss
39,000	30,000	-11,000	24,000	-22,000	-11,000	1,000	48,000	-12,000	-15,000	-15,000	-5,000	-18,000	41,000	7,000	-17,000	-10,000	-3,312	19,159	-7,213	12,366	8,563	8,216	-3,828	-951	3,227	-164	3,025	6,941	5,880	-632	-1,725	-724	3,189	-569	18	-2,462	-5,636	-10,019	5,638	3,198
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	-2,093	4,335	4,000	-2,755	-1,357	4,112	-2,394	-713	1,582	1,525	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-4,000	2,000	20,000	134,000	1,000	755,000	4,000	7,000	-653,000	-518,000	11,000	7,000	3,000	0	12,000	-2,000	14,000	20,523	19,980	-11,463	-10,040	17,452	-8,228	-2,976	-9,248	1,517	-455	-7,926	2,619	25,859	-4,182	-12,406	-4,083	21,708	7,964	25,883	35,372	41,494	64,492	-11,415	4,965
Changes in operating assets and liabilities:
Non-cash contribution from Principal Stockholder included in corporate expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	58
Accounts receivable
-166,000	94,000	-1,000	42,000	15,000	84,000	101,000	-19,000	-47,000	-7,000	34,000	-39,000	-71,000	-39,000	-5,000	-120,000	-155,000	-25,652	40,037	-43,064	-20,321	82,384	9,683	-206,154	77,087	-24,324	94,225	-95,263	234,417	166,372	189,439	96,292	223,358	286,315	205,478	178,059	119,311	113,332	115,011	112,651	-8,070
Other assets
48,000	3,000	63,000	-7,000	4,000	12,000	18,000	-19,000	14,000	-30,000	27,000	-9,000	-14,000	14,000	29,000	-11,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasehold interests in land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	3,329	1,065	-	14	3,419	0	-	-	-	-	-	-	-	-	-	-	-	-	33,611	34,410	-3,320	-13,891
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	329	-2,384	650	-	171	1,622	-600	861	401	-1,031	-1,344	1,329	1,696	588	4,742	1,554	-1,759	1,807	1,239	4,462	1,022	1,596	-2,139
Prepaid expenses and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,505	-12,024	-272	-	25,541	-3,709	6,050	4,607	1,482	-3,844	-1,111	-8,308	20,090	-6,572	27,785	-11,726	-219	-4,544	3,135	10,653	-190	-1,489	8,050
Accounts payable
-66,000	-22,000	32,000	-10,000	-26,000	26,000	-2,000	-4,000	-12,000	29,000	34,000	2,000	-25,000	7,000	17,000	-4,000	-1,000	13,886	3,739	-469	-18,156	4,155	-8,081	-13,447	12,373	4,771	-6,605	-11,381	26,992	-43,772	14,749	29,455	356	652	11,199	4,610	-26,026	12,358	-19,373	32,121	4,164
Other liabilities
-670,000	198,000	-117,000	103,000	-237,000	282,000	-53,000	43,000	118,000	104,000	95,000	67,000	-88,000	164,000	78,000	116,000	-121,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,656	-6,912	712	-	-32	60	-5,097	5,258	-10,243	8,400	-12,023	4,964	2,509	425	-24,903	12,402	5,744	-9,915	-19,148	27,011	-6,384	4,248	-1,784
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,163	-59,339	58,509	-	-41,464	-46,545	60,774	36,193	-33,185	-42,971	58,874	981	-4,967	-11,839	63,134	31,423	42,459	29,407	8,631	-	-6,959	7,978	7,033
Other accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,835	-41,451	-268,379	-	146,130	-91,283	-213,861	113,146	129,160	97,720	-11,732	166,349	172,027	142,144	-22,166	128,505	211,529	51,611	-93,501	115,558	91,393	103,993	37,317
Net cash generated from operating activities
-370,000	1,242,000	900,000	76,000	820,000	1,301,000	896,000	1,107,000	1,397,000	1,321,000	1,113,000	1,146,000	963,000	1,213,000	1,044,000	988,000	799,000	1,018,514	858,953	847,238	734,295	1,215,504	1,226,652	1,258,217	1,132,627	1,278,629	1,136,576	1,138,689	885,518	884,924	754,514	750,868	667,451	733,323	847,650	663,145	418,378	662,153	570,093	355,111	282,794
Change in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-8,000	9,000	59	392	217	332	313	246	389	-948	-495	345	238	294	-1,410	263	259	195	-214,298	-223,416	-216,718	-149,962	-148,539	859,731	-205,501	182,575
Payments to Acquire Property, Plant, and Equipment
320,000	460,000	303,000	213,000	240,000	326,000	207,000	178,000	238,000	245,000	212,000	178,000	202,000	295,000	397,000	363,000	343,000	416,033	393,728	351,903	367,336	385,886	266,276	275,111	251,727	298,629	205,467	196,824	197,191	386,456	327,266	337,252	398,260	420,888	366,909	388,188	332,508	373,717	522,996	589,067	538,201
Proceeds from disposal of property and equipment
1,000	4,000	0	1,000	0	6,000	3,000	6,000	4,000	13,000	1,000	1,000	0	1,000	0	2,000	2,000	1,177	184	222	417	420	474	565	541	31,442	-1,003	1,290	426	643	788	717	761	606	1,071	1,319	3,097	43,784	304	3,336	2,311
Payments to Acquire Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-475	246	329	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-204	173,978
Net cash used in investing activities
-319,000	-455,000	-303,000	895,000	-240,000	-320,000	-204,000	-172,000	-234,000	-232,000	-211,000	-177,000	-202,000	-293,000	-397,000	-400,000	-350,000	-414,915	-393,936	-351,898	-367,251	-385,779	-266,048	-274,935	-250,238	-266,706	-206,815	-241,629	-197,059	-384,403	-326,741	-336,794	-397,694	-205,984	-141,947	-170,397	-179,778	-182,098	-1,209,943	-423,331	-892,443
Cash flows from financing activities:
Proceeds from exercise of stock options
16,000	10,000	5,000	25,000	14,000	1,000	8,000	16,000	54,000	8,000	16,000	11,000	5,000	12,000	3,000	1,000	1,000	3,691	5,231	1,940	6,138	7,557	3,325	13,003	32,115	23,163	23,598	10,880	11,955	15,870	4,814	4,297	21,259	3,093	8,082	5,819	8,511	10,059	2,473	3,850	73
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	-2,093	4,335	4,000	-2,755	-1,357	4,112	-2,394	-713	1,582	1,525	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
0	300,000	100,000	180,000	174,000	430,000	300,000	100,000	75,000	75,000	75,000	75,000	150,000	0	0	0	0	-	-	-	-	237,769	299,816	405,052	734,363	349,909	211,241	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid and noncontrolling interest payments
911,000	587,000	592,000	918,000	903,000	584,000	591,000	902,000	902,000	581,000	581,000	892,000	889,000	576,000	576,000	892,000	880,000	532,777	828,419	518,844	826,960	400,622	400,723	670,583	915,072	286,689	288,462	493,078	495,820	2,469,204	205,466	384,179	383,463	17,340	19,140	19,219	19,598	23,350	23,350	23,350	23,350
Proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,510	230	526,168	2,850	2,902	1,000	5,760	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-	3,277	3,219	3,652	2,835	2,434	2,152	2,579	4,050	3,095	2,539	2,174	2,842	2,529	2,900	2,195	-	-	-	-	-	-	-	-
Proceeds from long-term debt (Note 4)
-	-	-	-	-	0	5,500,000	1,844,000	249,000	0	0	349,000	305,000	36,000	999,000	911,000	350,000	329,723	300,000	1,459,277	0	250,275	390,000	538,000	1,319,725	2,828,750	273,861	80,496	0	-	-	-	-	-	-	-	-	-1,864	802,597	324,504	272,056
Repayments of long-term debt
16,000	18,000	3,467,000	25,000	26,000	25,000	4,840,000	39,000	274,000	30,000	578,000	30,000	220,000	24,000	1,466,000	78,000	419,000	24,297	804,094	944,659	624,950	65,122	755,820	467,995	828,063	2,792,855	31,746	353,853	334,578	8,387	8,521	4,076,559	306,231	2,900,907	139,885	137,797	121,721	76,273	1,259,384	417,892	847,326
Payments of financing costs
3,000	5,000	127,000	0	0	39,000	54,000	10,000	29,000	0	0	0	5,000	2,000	31,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,621	784	4,544	-	-	-	-
Payments of preferred stock inducement premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	377	1	292	16,201	-	-	-	-
Payments of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-167	30,923	-11	57,255	35,414	0	0	0	698	48	100,028	114	-	-	-	-	142	11,458	53,544	821
Net cash used in financing activities
-914,000	-400,000	-781,000	-1,098,000	-1,089,000	-1,077,000	-277,000	809,000	-977,000	-678,000	-1,218,000	-637,000	-954,000	-554,000	-1,071,000	-55,000	-951,000	-282,694	-1,403,880	-84,337	-1,445,089	-444,349	-1,099,146	-996,125	-1,181,380	-619,048	-237,798	-756,512	-819,092	-1,739,291	-227,816	-933,623	-144,576	-572,850	-215,625	-157,193	-147,793	127,360	-489,117	-166,432	-599,368
Effect of exchange rate on cash, cash equivalents and restricted cash
-21,000	23,000	-15,000	10,000	-4,000	-28,000	8,000	-22,000	24,000	7,000	11,000	19,000	21,000	-26,000	-11,000	-4,000	19,000	2,948	-24,351	1,212	-21,809	-26,071	-7,076	2,168	1,979	-1,581	3,016	-6,155	-2,385	6,121	23,458	-14,811	28,461	-3,346	-17,609	9,610	6,053	34,954	4,844	1,642	5,446
Decrease in cash, cash equivalents and restricted cash
-1,624,000	410,000	-199,000	-117,000	-513,000	-124,000	423,000	1,722,000	210,000	418,000	-305,000	351,000	-172,000	340,000	-435,000	529,000	-483,000	323,853	-963,214	412,215	-1,099,854	359,305	-145,618	-10,675	-297,012	391,294	694,979	134,393	-133,018	-1,232,649	223,415	-534,360	153,642	-48,857	472,469	345,165	96,860	642,369	-1,124,123	-233,010	-1,203,571
Supplemental disclosure of cash flow information:
Cash payments for interest, net of amounts capitalized
180,000	-	139,000	103,000	159,000	-	55,000	81,000	74,000	-	69,000	64,000	65,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,928	-	41,866	45,526	77,786	43,600	54,138	68,164	80,881	31,889	70,364	62,830	72,149
Cash payments for taxes, net of refunds
27,000	-	88,000	92,000	40,000	-	96,000	95,000	40,000	-	76,000	96,000	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,086	-	44,243	54,199	1,955	159	90	54	-5,726	1,110	25	30	120
Change in construction payables
-31,000	-	75,000	50,000	1,000	-	16,000	75,000	-35,000	-	-46,000	-29,000	-144,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,444	-	75,965	-15,213	-48,341	4,223	-27,803	-94,500	-38,992	-54,216	-183,470	-18,585	-5,519
Capitalized stock-based compensation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	-	76	77	218	-116	-324	416	600	610	659	798	730
Change in dividends payable on unvested restricted stock and stock units included in other accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	-	480	467	444	-	-	-	-	-	-	-	-
Change in common stock repurchase payable included in other accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired under capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,167	7,590	340	-	-	-	-	-118	747	2,029	773
Accumulated but undeclared dividend requirement on preferred stock issued to Principal Stockholder's family
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,854	0	0	0	6,854
Accretion to redemption value of preferred stock issued to Principal Stockholders family
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,567	23,136	23,136	23,136	23,137	23,136	23,136	23,136
Warrants exercised and settled through tendering of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,755	0	1,400	65,225	-	-	-	-