Las Vegas Sands (LVS) FY2022 results: revenue $4.1 billion, down 2.9% on the year
Las Vegas Sands Corp. (LVS) reported revenue of $4.1 billion for fiscal 2022, the year ended 31 December 2022, down 2.9% on the year before. Net income was $1.8 billion, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2023.
Revenue
$4.1 billion
-2.9% on the year
FY2015FY2022
Operating margin
-19.3%
-16.3% a year earlier
FY2015FY2022
Net income
$1.8 billion
FY2015FY2022
Diluted EPS
$2.40
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-795
15.0
-1,312
Capital expenditure
651
828
1,227
-21.4%
Free cash flow
-1,446
-813
-2,539
Free cash flow margin
-35.2%
-19.2%
-86.4%
Cash from investing
n/a
n/a
-1,329
Cash from financing
n/a
n/a
560
Depreciation and amortisation
1,036
1,041
997
-0.5%
Share-based compensation
39.0
22.0
22.0
+77.3%
Buybacks
0.0
0.0
0.0
Dividends paid
0.0
0.0
911
Dividend per share
n/a
n/a
$0.79
Diluted shares, weighted
764m
764m
764m
0.0%
Shares outstanding at period end
764m
764m
764m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,881
1,996
2,973
+94.4%
Non-controlling interest
-225
252
565
Debt
16,060
14,924
14,120
+7.6%
Operating lease liabilities
157
154
153
+1.9%
Finance lease liabilities
13.0
15.0
10.0
-13.3%
Other liabilities
2,153
2,718
2,986
-20.8%
Total liabilities and equity
22,039
20,059
20,807
+9.9%
Fixed assets
11,451
11,850
12,280
-3.4%
Goodwill
10.0
n/a
n/a
Intangible assets
64.0
19.0
25.0
+236.8%
Loans
1,165
0.0
n/a
Cash and equivalents
6,311
1,854
2,082
+240.4%
Receivables
267
202
252
+32.2%
Inventory
28.0
22.0
22.0
+27.3%
Other assets
2,743
6,112
6,146
-55.1%
Total assets
22,039
20,059
20,807
+9.9%
10-K for the year ended 31 December 2022, filed 3 February 2023: the filing.