LAS VEGAS SANDS CORP. LVS Income Statement

Las vegas sands corp. (LVS)

Income statement / 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	Sep'09	Jun'09
Revenues:
Net revenues
1,782	3,509	3,250	3,334	3,646	3,475	3,372	3,303	3,579	3,391	3,161	3,109	3,067	2,936	2,969	2,649	2,717	2,861	2,893	2,921	3,011	3,416	3,533	3,624	4,010	3,655	3,568	3,242	3,302	3,077	2,709	2,581	2,762	2,544	2,409	2,345	2,111	2,015	1,908	1,594	1,334	1,141	1,058
Gross revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,181	2,823	2,895	3,041	3,080	3,091	3,199	3,628	3,748	3,827	4,221	3,872	3,759	3,404	3,457	3,230	2,851	2,713	2,888	2,670	2,536	2,448	2,206	2,123	2,046	1,705	1,442	1,233	1,142
Less promotional allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	212	174	178	180	187	170	187	212	215	202	211	217	190	161	155	153	142	131	126	126	127	103	94	108	137	110	107	92	84
Operating expenses:
Provision for credit losses
18	15	4	7	4	9	5	7	-16	19	23	22	32	34	51	43	45	29	32	36	57	44	31	49	61	55	55	62	64	55	72	58	52	57	33	23	35	24	37	18	16	29	20
General and administrative
319	393	364	376	369	404	366	368	345	365	359	354	339	356	330	302	299	312	314	315	324	252	341	327	336	350	380	307	290	315	268	259	218	162	240	223	210	190	193	172	126	127	123
Corporate Expense
59	51	59	51	152	58	55	33	56	38	51	42	42	48	39	122	47	48	37	44	45	36	42	45	50	48	38	46	56	44	54	58	48	51	54	42	37	30	28	25	23	17	64
Rental expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	12	8	6	7
Pre-Opening Costs
5	11	9	10	4	1	2	2	1	1	1	4	2	2	86	33	9	18	9	10	9	7	-2	16	4	3	1	1	6	8	39	43	51	22	15	18	9	17	10	50	37	28	41
Research and Development Expense (Excluding Acquired in Process Cost)
6	11	4	4	5	3	4	2	3	5	3	2	3	2	3	2	2	2	3	2	1	5	3	4	1	0	3	6	5	7	4	6	1	5	3	2	0	0	0	0	0	0	0
Depreciation, Depletion and Amortization, Nonproduction
290	291	284	289	301	289	284	274	264	258	265	327	321	319	277	255	260	248	247	248	253	254	251	264	261	254	248	251	252	250	226	220	194	197	200	206	190	184	186	170	153	148	143
Amortization Of Leasehold Interests In Land
14	14	14	14	9	9	8	9	9	9	9	9	10	9	10	9	10	9	9	9	9	10	10	10	10	10	10	10	10	10	10	10	9	10	10	10	13	-	-	-	-	-	-
Gain (Loss) on Sale of Assets and Asset Impairment Charges
-5	-72	-11	0	-7	-36	-4	-105	-5	7	-21	-3	-3	-64	-5	-11	1	-16	-0	-2	-15	-2	-0	-3	-0	-1	-2	-4	-1	-1	-0	-0	-0	-1	-0	-7	-0	-78	2	37	-0	0	-4
Impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	42	-	-	-	-	-	16	-	-	-	151
Total operating expenses
1,727	2,575	2,351	2,440	2,675	2,601	2,450	2,506	2,421	2,363	2,306	2,292	2,303	2,258	2,249	2,131	2,131	2,159	2,154	2,232	2,300	2,393	2,561	2,662	2,866	2,769	2,653	2,462	2,476	2,404	2,175	2,184	2,055	1,881	1,776	1,736	1,625	1,526	1,525	1,427	1,193	1,078	1,230
Operating income
55	934	899	894	971	874	922	797	1,158	1,028	855	817	764	678	720	518	586	701	739	689	711	1,022	971	961	1,143	886	914	780	826	672	534	397	707	663	632	608	485	488	383	166	141	62	-171
Other income (expense):
Interest income
13	17	20	17	20	23	22	9	5	5	4	4	3	4	2	2	2	2	2	4	6	8	5	5	5	5	3	3	3	6	4	6	5	5	2	4	2	2	2	2	1	1	2
Interest expense, net of amounts capitalized
131	134	137	143	141	138	126	93	89	87	83	79	78	76	65	64	69	65	66	65	66	66	66	69	71	67	66	68	68	67	62	64	64	68	70	70	73	74	76	76	78	88	64
Other income (expense)
37	31	-7	20	-21	-8	16	44	-26	-14	-19	-25	-36	64	21	-7	-47	-0	16	-0	15	4	0	2	-4	-0	3	3	-2	5	2	1	-3	5	-6	1	-4	-2	6	-6	-6	-1	0
Gain on sale of Sands Bethlehem
-	-	0	556	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on modification or early retirement of debt
-	-	-24	0	-	-9	-52	0	-3	0	0	0	-5	-2	-3	0	0	-	0	-	-	-0	-1	0	-17	-14	0	0	0	0	0	-16	-2	-	-	-	-	0	-21	0	2	-0	-
Income (loss) before income taxes
-26	848	751	1,344	829	742	782	757	1,045	932	757	717	648	668	675	449	472	637	690	627	666	968	908	899	1,055	809	854	719	759	616	478	325	642	584	557	543	409	414	293	86	61	-26	-232
Income Tax Expense (Benefit)
25	65	82	236	85	782	83	81	-571	-429	73	78	69	52	69	55	63	62	72	45	55	91	47	46	59	39	45	47	55	45	33	39	63	59	52	54	45	27	25	8	13	54	-54
Net income (loss)
-51	783	669	1,108	744	-40	699	676	1,616	1,361	684	639	579	616	606	394	409	575	618	581	611	877	860	852	996	769	809	671	703	571	444	286	579	524	505	489	364	386	268	78	47	-80	-178
Net (income) loss attributable to noncontrolling interests
-50	154	136	154	162	130	128	120	160	149	115	93	98	98	93	66	89	109	98	112	99	156	188	181	220	192	182	141	132	136	95	45	80	89	80	78	75	60	54	36	30	-4	-2
Net income (loss) attributable to Las Vegas Sands Corp.
-1	629	533	954	582	-170	571	556	1,456	1,212	569	546	481	518	513	328	320	465	519	469	511	721	671	671	776	577	626	529	571	434	349	240	498	435	424	410	289	325	214	41	17	-76	-175
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	19	19	19	22	23	23	23	23	23
Accretion to redemption value of preferred stock issued to Principal Stockholders family
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	23	23	23	23	23	23	23	23	23
Preferred stock inducement, repurchase and redemption premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	28	0	18	-	-	0	0	-	-
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	353	367	228	273	168	-4	-28	-122	-222
Earnings per share:
Basic (in usd per share)
0.00	0.82	0.69	1.24	0.75	-0.21	0.73	0.70	1.85	1.53	0.72	0.69	0.61	0.65	0.65	0.41	0.40	0.59	0.65	0.59	0.64	0.90	0.84	0.83	0.95	0.71	0.76	0.64	0.69	0.51	0.43	0.29	0.66	0.44	0.48	0.50	0.32	0.41	0.25	-0.01	-0.04	-0.19	-
Diluted (in usd per share)
0.00	0.82	0.69	1.24	0.75	-0.20	0.73	0.70	1.84	1.53	0.72	0.69	0.61	0.65	0.65	0.41	0.40	0.59	0.65	0.59	0.64	0.91	0.83	0.83	0.95	0.70	0.76	0.64	0.69	0.53	0.42	0.29	0.61	0.39	0.44	0.45	0.28	0.35	0.21	-0.01	-0.04	-0.19	-
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
764	769	769	772	774	780	786	789	789	791	791	792	794	796	795	795	794	795	796	797	797	799	803	807	814	818	823	823	823	822	821	821	760	731	729	728	723	688	660	660	660	660	-
Weighted Average Number of Shares Outstanding, Diluted
764	768	769	772	775	777	787	790	790	789	792	792	795	795	795	795	795	797	797	798	798	800	804	809	817	822	826	827	827	827	825	826	818	812	812	811	811	1,057	789	660	660	660	-
Dividends declared per common share (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.73	0.73	0.73	-	0.72	0.72	0.72	0.65	0.65	0.65	0.65	0.50	0.50	0.50	0.50	0.35	0.35	0.35	0.35	3.00	0.25	0.25	0.25	-	-	-	-	-	-	-	-	-	-
Basic and diluted loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0
Basic and diluted weighted average shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	658
Casino [Member]
Net revenues
1,177	2,485	2,321	2,361	2,661	2,461	2,413	2,346	2,599	2,416	2,270	2,243	2,157	1,480	2,307	2,017	2,082	2,162	2,242	2,301	2,376	2,722	2,897	3,012	3,372	2,992	2,984	2,674	2,736	2,473	2,201	2,067	2,266	2,007	1,903	1,862	1,664	1,603	1,573	1,294	1,061	908	798
Cost of revenue
707	1,316	1,240	1,309	1,439	1,402	1,344	1,331	1,371	1,292	1,215	1,176	1,193	834	1,198	1,113	1,220	1,213	1,249	1,315	1,334	1,512	1,634	1,690	1,867	1,769	1,668	1,519	1,526	1,454	1,278	1,187	1,207	1,118	993	974	921	881	882	790	694	598	532
Rooms [Member]
Net revenues
268	434	439	429	450	435	435	418	445	416	405	367	398	376	402	355	366	367	379	351	371	377	386	375	400	382	349	324	325	323	287	275	267	266	262	239	231	217	208	190	180	155	161
Cost of revenue
92	112	109	113	110	108	109	111	110	103	106	101	101	173	67	65	65	64	67	64	65	62	66	64	64	68	69	65	68	65	58	60	52	57	53	50	48	42	36	34	29	28	31
Food and Beverage [Member]
Net revenues
139	242	199	224	232	223	195	219	228	229	192	195	212	188	184	187	188	201	188	178	189	196	185	194	202	195	174	174	185	172	142	159	153	160	147	146	145	132	117	105	92	74	87
Cost of revenue
139	188	162	174	178	174	159	168	172	169	155	156	160	278	101	103	102	107	99	96	99	101	95	95	100	95	88	89	96	93	77	81	78	90	71	73	71	64	50	47	44	37	44
Mall [Member]
Net revenues
103	215	175	166	160	200	170	164	156	175	160	159	157	169	147	140	135	160	140	135	127	175	150	119	109	159	128	107	85	128	103	93	71	106	89	73	55	-	-	-	-	-	-
Cost of revenue
17	24	19	18	17	25	19	18	17	24	19	18	16	20	16	14	14	15	14	15	15	16	18	17	17	20	17	18	17	17	16	17	16	15	15	16	12	-	-	-	-	-	-
Convention, Retail and Other [Member]
Net revenues
95	133	116	154	143	156	159	156	151	155	134	145	143	159	141	124	124	150	129	125	134	157	128	125	137	142	123	123	126	133	117	116	129	131	134	126	108	-16	147	115	108	95	95
Cost of revenue
56	77	72	75	80	83	91	78	84	87	79	78	81	119	66	59	59	71	67	69	68	87	68	74	90	89	69	80	78	79	66	78	79	90	83	88	75	36	70	65	58	56	63