Las Vegas Sands (LVS) FY2021 results: revenue $4.2 billion, up 44.0% on the year
Las Vegas Sands Corp. (LVS) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 December 2021, up 44.0% on the year before. Net income was -$961 million, and diluted earnings per share $-1.26. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$4.2 billion
+44.0% on the year
FY2014FY2021
Operating margin
-16.3%
-47.4% a year earlier
FY2014FY2021
Net income
-$961 million
FY2014FY2021
Diluted EPS
-$1.26
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
15.0
-1,312
3,038
Capital expenditure
828
1,227
1,018
-32.5%
Free cash flow
-813
-2,539
2,020
Free cash flow margin
-19.2%
-86.4%
16.7%
Cash from investing
n/a
-1,329
-103
Cash from financing
n/a
560
-3,368
Depreciation and amortisation
1,041
997
1,020
+4.4%
Share-based compensation
22.0
22.0
35.0
0.0%
Buybacks
0.0
0.0
754
Dividends paid
0.0
911
3,000
Dividend per share
n/a
$0.79
$3.08
Diluted shares, weighted
764m
764m
771m
0.0%
Shares outstanding at period end
764m
764m
764m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,996
2,973
5,187
-32.9%
Non-controlling interest
252
565
1,320
-55.4%
Debt
14,924
14,120
12,577
+5.7%
Operating lease liabilities
154
153
305
+0.7%
Finance lease liabilities
15.0
10.0
9.0
+50.0%
Other liabilities
2,718
2,986
3,801
-9.0%
Total liabilities and equity
20,059
20,807
23,199
-3.6%
Fixed assets
11,850
12,280
14,844
-3.5%
Intangible assets
19.0
25.0
42.0
-24.0%
Loans
0.0
n/a
n/a
Cash and equivalents
1,854
2,082
4,226
-11.0%
Receivables
202
252
844
-19.8%
Inventory
22.0
22.0
37.0
0.0%
Other assets
6,112
6,146
3,206
-0.6%
Total assets
20,059
20,807
23,199
-3.6%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.