LAS VEGAS SANDS CORP. LVS Income Statement

Las vegas sands corp. (LVS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Net revenues
13,739	13,729	12,728	11,271	11,688	14,584	13,769	11,131	9,410	6,853	4,563	4,389
Gross revenue
-	-	-	-	12,414	15,426	14,494	11,684	9,862	7,317	4,929	4,735
Less promotional allowances
-	-	-	-	726	842	724	553	451	464	366	345
Operating expenses:
Provision for credit losses
30	5	96	173	156	187	237	239	150	97	103	41
General and administrative
1,502	1,483	1,417	1,287	1,267	1,258	1,329	1,061	836	683	526	550
Corporate Expense
313	202	173	256	176	175	189	207	185	108	132	104
Rental expense
-	-	-	-	-	-	-	-	-	-	29	33
Pre-Opening Costs
34	6	8	130	48	26	13	143	65	114	157	162
Research and Development Expense (Excluding Acquired in Process Cost)
24	12	13	9	10	14	15	19	11	1	0	12
Depreciation, Depletion and Amortization, Nonproduction
1,165	1,111	1,171	1,111	999	1,031	1,007	892	794	694	586	506
Amortization Of Leasehold Interests In Land
51	35	37	38	39	41	40	40	43	41	-	-
Gain (Loss) on Sale of Assets and Asset Impairment Charges
-90	-150	-20	-79	-35	-7	-11	-2	-10	-38	9	-7
Impairment loss
-	-	-	-	-	-	-	143	0	16	169	37
Total operating expenses
10,041	9,978	9,264	8,769	8,847	10,485	10,361	8,819	7,020	5,672	4,591	4,226
Operating income
3,698	3,751	3,464	2,502	2,841	4,099	3,408	2,311	2,389	1,180	-28	163
Other income (expense):
Interest income
74	59	16	10	15	26	16	23	14	8	11	19
Interest expense, net of amounts capitalized
555	446	327	274	265	274	271	258	282	306	321	421
Other income (expense)
23	26	-94	31	31	2	4	5	-3	-8	-9	19
Gain on sale of Sands Bethlehem
556	0	0	-	-	-	-	-	-	-	-	-
Loss on modification or early retirement of debt
-24	-64	-5	-5	0	-20	-14	-19	-22	-18	-23	-9
Income (loss) before income taxes
3,772	3,326	3,054	2,264	2,622	3,833	3,143	2,062	2,094	855	-372	-228
Income Tax Expense (Benefit)
468	375	-209	239	236	245	188	180	211	74	-3	-59
Net income (loss)
3,304	2,951	3,263	2,025	2,386	3,588	2,954	1,881	1,883	781	-368	-168
Net (income) loss attributable to noncontrolling interests
606	538	455	346	420	747	648	357	322	182	-14	-4
Net income (loss) attributable to Las Vegas Sands Corp.
2,698	2,413	2,808	1,679	1,966	2,841	2,305	1,524	1,560	599	-354	-163
Preferred stock dividends
-	-	-	-	-	-	-	-	63	92	93	13
Accretion to redemption value of preferred stock issued to Principal Stockholders family
-	-	-	-	-	-	-	-	80	92	92	11
Preferred stock inducement, repurchase and redemption premiums
-	-	-	-	-	-	-	-	145	6	-	-
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	1,269	407	-540	-188
Earnings per share:
Basic (in usd per share)
3.50	3.07	3.55	2.11	2.47	3.52	2.80	1.89	1.74	0.61	-0.82	-0.48
Diluted (in usd per share)
3.50	3.07	3.55	2.11	2.47	3.52	2.79	1.85	1.56	0.51	-0.82	-0.48
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
771	786	792	795	797	806	822	806	728	667	656	392
Weighted Average Number of Shares Outstanding, Diluted
771	786	792	795	798	808	826	824	811	791	656	392
Dividends declared per common share (in usd per share)
-	-	-	-	2.60	2.00	1.40	3.75	0.00	-	-	-
Casino [Member]
Net revenues
9,828	9,819	9,086	7,886	9,083	12,004	11,386	9,008	7,437	5,533	3,524	3,192
Cost of revenue
5,304	5,448	4,876	4,365	5,114	6,705	6,483	5,128	4,007	3,249	2,349	2,214
Rooms [Member]
Net revenues
1,752	1,733	1,586	1,499	1,470	1,540	1,380	1,154	1,000	797	657	767
Cost of revenue
444	438	411	370	262	257	271	237	210	143	121	154
Food and Beverage [Member]
Net revenues
897	865	828	747	757	779	730	628	598	446	327	369
Cost of revenue
702	673	640	584	403	393	369	331	307	207	165	186
Mall [Member]
Net revenues
716	690	651	591	564	554	481	396	325	186	137	-
Cost of revenue
78	79	77	64	61	70	73	68	59	43	32	-
Convention, Retail and Other [Member]
Net revenues
546	622	577	548	540	549	515	497	501	354	281	406
Cost of revenue
304	336	325	303	277	321	317	304	338	230	207	213