Las Vegas Sands (LVS) FY2024 results: revenue $11.3 billion, up 8.9% on the year
Las Vegas Sands Corp. (LVS) reported revenue of $11.3 billion for fiscal 2024, the year ended 31 December 2024, up 8.9% on the year before. Net income was $1.4 billion, up 18.4%, and diluted earnings per share $1.96. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$11.3 billion
+8.9% on the year
FY2017FY2024
Operating margin
21.3%
22.3% a year earlier
FY2017FY2024
Net income
$1.4 billion
+18.4% on the year
FY2017FY2024
Diluted EPS
$1.96
+22.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,204
3,227
-795
-0.7%
Capital expenditure
1,567
1,017
651
+54.1%
Free cash flow
1,637
2,210
-1,446
-25.9%
Free cash flow margin
14.5%
21.3%
-35.2%
Cash from investing
-1,579
-1,254
n/a
Cash from financing
-3,060
-3,188
n/a
Depreciation and amortisation
1,308
1,208
1,036
+8.3%
Share-based compensation
55.0
44.0
39.0
+25.0%
Buybacks
1,750
505
0.0
+246.5%
Dividends paid
590
305
0.0
+93.4%
Dividend per share
$0.80
$0.40
n/a
+100.0%
Diluted shares, weighted
737m
765m
764m
-3.7%
Shares outstanding at period end
716m
753m
764m
-4.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,884
4,118
3,881
-30.0%
Non-controlling interest
276
-14.0
-225
Debt
13,689
14,090
16,060
-2.8%
Operating lease liabilities
172
252
157
-31.7%
Finance lease liabilities
118
9.0
13.0
+1,211.1%
Other liabilities
3,527
3,323
2,153
+6.1%
Total liabilities and equity
20,666
21,778
22,039
-5.1%
Fixed assets
11,993
11,439
11,451
+4.8%
Goodwill
102
103
10.0
-1.0%
Intangible assets
443
495
64.0
-10.5%
Loans
n/a
1,194
1,165
Cash and equivalents
3,650
5,105
6,311
-28.5%
Receivables
417
484
267
-13.8%
Inventory
41.0
38.0
28.0
+7.9%
Other assets
4,020
2,920
2,743
+37.7%
Total assets
20,666
21,778
22,039
-5.1%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.