Las Vegas Sands Reports $2.83B Q2 Revenue

TL;DR

**LVS Q2 Revenue: $2.83B. Strong performance continues.**

AI Summary

Las Vegas Sands Corp. reported its Q2 2024 results, with total revenue for the quarter ending June 30, 2024, reaching $2.83 billion. This filing covers the period from January 1, 2024, to June 30, 2024. The company's operations are primarily in the casino and hospitality sector.

Why It Matters

This filing provides investors with key financial performance indicators for Las Vegas Sands, impacting investment decisions and market sentiment for the company and its competitors.

Risk Assessment

Risk Level: medium — The company operates in the highly cyclical and competitive casino and hospitality industry, which is subject to economic downturns and regulatory changes.

Key Numbers

• $2.83B — Total Revenue (For the quarter ending June 30, 2024)

Key Players & Entities

• LAS VEGAS SANDS CORP (company) — Filer
• 20240630 (date) — Period of Report
• $2.83 billion (dollar_amount) — Total Revenue for Q2 2024

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock ($0.001 par value) LVS New York Stock Exchange

Filing Documents

• lvs-20240630.htm (10-Q) — 2300KB
• lvs-ex311x06302024.htm (EX-31.1) — 9KB
• lvs-ex312x06302024.htm (EX-31.2) — 10KB
• lvs-ex321x06302024.htm (EX-32.1) — 5KB
• lvs-ex322x06302024.htm (EX-32.2) — 5KB
• lvs-20240630_g1.jpg (GRAPHIC) — 24KB
• 0001300514-24-000123.txt ( ) — 8599KB
• lvs-20240630.xsd (EX-101.SCH) — 45KB
• lvs-20240630_cal.xml (EX-101.CAL) — 68KB
• lvs-20240630_def.xml (EX-101.DEF) — 250KB
• lvs-20240630_lab.xml (EX-101.LAB) — 501KB
• lvs-20240630_pre.xml (EX-101.PRE) — 365KB
• lvs-20240630_htm.xml (XML) — 1497KB

Financial Statements (unaudited)

Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets at J une 3 0 , 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Si x Months Ended J une 3 0 , 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 3 0 , 2024 and 2023 5 Condensed Consolidated Statements of Equity for the Three and Six Months Ended J une 3 0 , 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 3 0 , 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Note 1 — Organization and Business of Company 8 Note 2 — Accounts Receivable, Net and Customer Contract Related Liabilities 9 Note 3 — Long-Term Debt 11 Note 4 — Derivative Instruments 14 Note 5 — Equity and Earnings Per Share 14 Note 6 — Income Taxes 16 Note 7 — Leases 16 Note 8 — Fair Value Disclosures 18 Note 9 — Commitments and Contingencies 20 Note 10 — Segment Information 23 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 55 Item 4.

Controls and Procedures

Controls and Procedures 55 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 56 Item 1A.

Risk Factors

Risk Factors 56 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56 Item 5. Other Information 56 Item 6. Exhibits 57

Signatures

Signatures 59 2 Table of Contents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

— FINANCIAL STATEMENTS

ITEM 1 — FINANCIAL STATEMENTS LAS VEGAS SANDS CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 (In millions, except par value) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 4,711 $ 5,105 Accounts receivable, net of provision for credit losses of $ 206 and $ 201 436 484 Inventories 37 38 Prepaid expenses and other 148 150 Total current assets 5,332 5,777 Loan receivable 1,228 1,194 Property and equipment, net 11,367 11,439 Restricted cash and cash equivalents 125 124 Deferred income taxes, net 124 121 Leasehold interests in land, net 2,098 2,249 Goodwill and intangible assets, net 572 598 Other assets, net 267 276 Total assets $ 21,113 $ 21,778 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 149 $ 167 Construction payables 273 146 Other accrued liabilities 1,773 1,948 Income taxes payable 244 261 Current maturities of long-term debt 930 1,900 Total current liabilities 3,369 4,422 Other long-term liabilities 869 936 Deferred income taxes 173 187 Long-term debt 12,808 12,129 Total liabilities 17,219 17,674 Commitments and contingencies (Note 9) Equity: Preferred stock, $ 0.001 par value, 50 shares authorized, zero shares issued and outstanding — — Common stock, $ 0.001 par value, 1,000 shares authorized, 834 and 833 shares issued, 736 and 753 shares outstanding 1 1 Treasury stock, at cost, 98 and 80 shares ( 5,850 ) ( 4,991 ) Capital in excess of par value 6,508 6,481 Accumulated other comprehensive income (loss) ( 53 ) 27 Retained earnings 3,148 2,600 Total Las Vegas Sands Corp. stockholders' equity 3,754 4,118 Noncontrolling interests 140 ( 14 ) Total equity 3,894 4,104 Total liabilities and equity $ 21,113 $ 21,778 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents LAS VEGAS SANDS CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months

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