Las Vegas Sands Corp. Files 2023 Annual Report on Form 10-K
Ticker: LVS · Form: 10-K · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: Las Vegas Sands, 10-K, Annual Report, Gaming, Hospitality
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
| Segment | Revenue | Growth |
|---|---|---|
| Casino | 11589000000 | |
| Rooms | 1158000000 | |
| Food and Beverage | 897000000 | |
| Mall | 286000000 |
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
When did LAS VEGAS SANDS CORP file this 10-K?
LAS VEGAS SANDS CORP filed this Annual Report (10-K) with the SEC on February 7, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by LAS VEGAS SANDS CORP (LVS).
Where can I read the original 10-K filing from LAS VEGAS SANDS CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by LAS VEGAS SANDS CORP.
What are the key takeaways from LAS VEGAS SANDS CORP's 10-K?
LAS VEGAS SANDS CORP filed this 10-K on February 7, 2024. Key takeaways: 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..
Is LAS VEGAS SANDS CORP a risky investment based on this filing?
Based on this 10-K, LAS VEGAS SANDS CORP presents a moderate-risk profile. 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.
What should investors do after reading LAS VEGAS SANDS CORP's 10-K?
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. The overall sentiment from this filing is neutral.
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.
From the Filing
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