Las Vegas Sands (LVS) FY2023 results: revenue $10.4 billion, up 152.4% on the year
Las Vegas Sands Corp. (LVS) reported revenue of $10.4 billion for fiscal 2023, the year ended 31 December 2023, up 152.4% on the year before. Net income was $1.2 billion, down 33.4%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$10.4 billion
+152.4% on the year
FY2016FY2023
Operating margin
22.3%
-19.3% a year earlier
FY2016FY2023
Net income
$1.2 billion
-33.4% on the year
FY2016FY2023
Diluted EPS
$1.60
-33.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,227
-795
15.0
Capital expenditure
1,017
651
828
+56.2%
Free cash flow
2,210
-1,446
-813
Free cash flow margin
21.3%
-35.2%
-19.2%
Cash from investing
-1,254
n/a
n/a
Cash from financing
-3,188
n/a
n/a
Depreciation and amortisation
1,208
1,036
1,041
+16.6%
Share-based compensation
44.0
39.0
22.0
+12.8%
Buybacks
505
0.0
0.0
Dividends paid
305
0.0
0.0
Dividend per share
$0.40
n/a
n/a
Diluted shares, weighted
765m
764m
764m
+0.1%
Shares outstanding at period end
753m
764m
764m
-1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,118
3,881
1,996
+6.1%
Non-controlling interest
-14.0
-225
252
Debt
14,090
16,060
14,924
-12.3%
Operating lease liabilities
252
157
154
+60.5%
Finance lease liabilities
9.0
13.0
15.0
-30.8%
Other liabilities
3,323
2,153
2,718
+54.3%
Total liabilities and equity
21,778
22,039
20,059
-1.2%
Fixed assets
11,439
11,451
11,850
-0.1%
Goodwill
103
10.0
n/a
+930.0%
Intangible assets
495
64.0
19.0
+673.4%
Loans
1,194
1,165
0.0
+2.5%
Cash and equivalents
5,105
6,311
1,854
-19.1%
Receivables
484
267
202
+81.3%
Inventory
38.0
28.0
22.0
+35.7%
Other assets
2,920
2,743
6,112
+6.5%
Total assets
21,778
22,039
20,059
-1.2%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.