Las Vegas Sands Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Las Vegas Sands Corp. reported $13.93 billion in revenue and $1.87 billion in net income for fiscal year 2023.</b>

AI Summary

LAS VEGAS SANDS CORP (LVS) filed a Annual Report (10-K) with the SEC on February 7, 2024. Total revenue for the fiscal year ended December 31, 2023, was $13930000000. Net income for the fiscal year ended December 31, 2023, was $1870000000. Earnings per share (EPS) for the fiscal year ended December 31, 2023, was $1.36. The company reported total assets of $32379000000 as of December 31, 2023. Total debt as of December 31, 2023, was $14300000000.

Why It Matters

For investors and stakeholders tracking LAS VEGAS SANDS CORP, this filing contains several important signals. The 10-K filing provides a comprehensive overview of the company's financial performance and operational status for the fiscal year 2023, including detailed segment revenues and risk factors. Investors can use this filing to assess the company's financial health, profitability, and strategic direction, particularly in light of its significant debt and asset base.

Risk Assessment

Risk Level: medium — LAS VEGAS SANDS CORP shows moderate risk based on this filing. The company carries a substantial amount of debt ($14.3 billion as of December 31, 2023), which could pose financial risks if market conditions deteriorate or if interest rates rise significantly.

Analyst Insight

Monitor the company's debt levels and its ability to service this debt in future filings, especially in relation to its operating cash flows and profitability.

Revenue Breakdown

Key Numbers

• 13930000000 — Total Revenue (Fiscal Year Ended December 31, 2023)
• 1870000000 — Net Income (Fiscal Year Ended December 31, 2023)
• 1.36 — Earnings Per Share (Fiscal Year Ended December 31, 2023)
• 32379000000 — Total Assets (As of December 31, 2023)
• 14300000000 — Total Debt (As of December 31, 2023)

Key Players & Entities

• LAS VEGAS SANDS CORP (company) — Filer
• 2023-12-31 (date) — Conformed Period of Report
• 2024-02-07 (date) — Filed as of Date
• NV (location) — State of Incorporation
• 702-923-9000 (phone) — Business Phone
• 1934 Act (regulation) — SEC Act
• 001-32373 (identifier) — SEC File Number
• 24604967 (identifier) — Film Number

Forward-Looking Statements

• Las Vegas Sands Corp. will continue to prioritize its casino and integrated resort operations as primary revenue drivers. (LAS VEGAS SANDS CORP) — high confidence, target: 2025-12-31
• The company will likely maintain its incorporation in Nevada. (LAS VEGAS SANDS CORP) — high confidence, target: 2026-12-31

FAQ

Risk Factors

• Substantial Indebtedness [high — financial]: The company has a significant amount of debt, which could limit its flexibility and ability to fund operations or pursue strategic initiatives.

Key Financial Figures

• $0.001 — ange on Which Registered Common Stock ($0.001 par value) LVS New York Stock Exchange
• $22.74 billion — billion patacas in 2023 (approximately $22.74 billion at exchange rates in effect on December

Filing Documents

• lvs-20231231.htm (10-K) — 3410KB
• lvs-ex32_20231231x10k.htm (EX-3.2) — 111KB
• lvs-ex1051_20231231x10k.htm (EX-10.51) — 36KB
• lvs-ex1052_20231231x10k.htm (EX-10.52) — 25KB
• lvs-ex211_20231231x10k.htm (EX-21.1) — 8KB
• lvs-ex231_20231231x10k.htm (EX-23.1) — 3KB
• lvs_ex232x12312023.htm (EX-23.2) — 6KB
• lvs-ex311_20231231x10k.htm (EX-31.1) — 9KB
• lvs-ex312_20231231x10k.htm (EX-31.2) — 9KB
• lvs-ex321_20231231x10k.htm (EX-32.1) — 5KB
• lvs-ex322_20231231x10k.htm (EX-32.2) — 5KB
• lvs-ex97_20231231x10k.htm (EX-97.0) — 33KB
• image_0.jpg (GRAPHIC) — 49KB
• image_01a.jpg (GRAPHIC) — 172KB
• image_0b.jpg (GRAPHIC) — 172KB
• imagea.jpg (GRAPHIC) — 65KB
• lvs-20231231_g1.jpg (GRAPHIC) — 9KB
• lvs-20231231_g2.jpg (GRAPHIC) — 100KB
• 0001300514-24-000048.txt (&nbsp;) — 18694KB
• lvs-20231231.xsd (EX-101.SCH) — 110KB
• lvs-20231231_cal.xml (EX-101.CAL) — 139KB
• lvs-20231231_def.xml (EX-101.DEF) — 662KB
• lvs-20231231_lab.xml (EX-101.LAB) — 1289KB
• lvs-20231231_pre.xml (EX-101.PRE) — 932KB
• lvs-20231231_htm.xml (XML) — 3160KB

SIGNATURES

SIGNATURES 144 2 Table of Contents PART I

— BUSINESS

ITEM 1. — BUSINESS Our Company Las Vegas Sands Corp. ("LVSC," or together with its subsidiaries "we" or the "Company") is the leading global developer and operator of destination properties ("Integrated Resorts") that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. We currently own and operate Integrated Resorts in Macao and Singapore. We believe our geographic diversity, best-in-class properties and convention-based business model provide us with the best platform in the hospitality and gaming industry to continue generating growth and cash flow while simultaneously pursuing new development opportunities. We focus on the mass market, which comprises our most profitable gaming segment. We believe the mass market segment will continue to deliver long-term growth as a result of continuing economic growth, expansion of the middle class and increasing number of high net worth individuals across our markets in Asia. We also offer loyalty programs at our properties, which provide access to rewards, privileges and members-only events. Additionally, we believe being in the retail mall business and, specifically, owning some of the largest retail properties in Asia will provide meaningful value for us, particularly as the retail market in Asia continues to grow. Our properties also cater to high-end players by providing them with luxury amenities and premium service levels. These amenities include luxury accommodations, restaurants, lounges, invitation-only clubs and private gaming salons. In each of the regions where we operate, the Paiza brand is associated with certain of these exclusive facilities and represents an important part of our VIP gaming marketing strategy. Our unique convention-based marketing strategy allows us to attract business travelers during the slower mid-week periods while leisure travelers occupy our properties during the wee

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View this 10-K filing on SEC EDGAR