Las Vegas Sands Corp. (LVS)

LVS Balance Sheet

Assets, liabilities, and equity analysis

LVS Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	4.266B	4.266B	4.832B	4.152B	4.263B	3.721B	4.290B	4.825B	5.332B
Cash & Cash Equivalents	3.330B	3.330B	3.841B	3.478B	3.450B	3.036B	3.650B	4.208B	4.711B
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	3.330B	3.330B	3.841B	3.478B	3.450B	3.036B	3.650B	4.208B	4.711B
Accounts Receivable	677.000M	677.000M	742.000M	548.000M	533.000M	435.000M	417.000M	413.000M	436.000M
Inventory	46.000M	46.000M	46.000M	45.000M	40.000M	41.000M	41.000M	41.000M	37.000M
Total Assets	21.176B	21.176B	21.920B	21.502B	21.850B	21.247B	20.666B	21.354B	21.113B
Property, Plant & Equipment	11.441B	11.441B	11.717B	11.907B	15.000B	14.913B	13.995B	14.168B	13.465B
Goodwill	0.00	0.00	103.000M	103.000M	103.000M	102.000M	102.000M	0.00	0.00
Intangible Assets	545.000M	545.000M	470.000M	489.000M	538.000M	558.000M	443.000M	560.000M	572.000M
Long-Term Investments	-36.000M	-36.000M	1.389B	1.389B	1.389B	0.00	0.00	0.00	0.00
Total Current Liabilities	4.491B	4.491B	4.222B	4.671B	3.501B	6.255B	5.801B	5.350B	3.369B
Accounts Payable	159.000M	159.000M	190.000M	168.000M	162.000M	151.000M	164.000M	139.000M	149.000M
Short-Term Debt	1.824B	1.824B	1.148B	1.920B	923.000M	2.994B	3.160B	2.728B	930.000M
Total Liabilities	19.426B	19.426B	19.986B	19.635B	19.568B	18.214B	17.506B	17.707B	17.219B
Long-Term Debt	13.900B	13.900B	14.684B	13.852B	14.897B	10.857B	10.592B	11.284B	12.808B
Total Debt	15.724B	15.724B	16.138B	15.772B	15.820B	13.851B	13.752B	14.012B	13.738B
Net Debt (Cash)	12.394B	12.394B	12.297B	12.294B	12.370B	10.815B	10.102B	9.804B	9.027B
Total Shareholders' Equity	1.200B	1.200B	1.590B	1.571B	1.991B	2.699B	2.884B	3.426B	3.754B
Common Stock	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M
Retained Earnings	4.753B	4.753B	4.387B	4.161B	3.914B	3.628B	3.455B	3.276B	3.148B
Current Ratio	0.95	0.95	1.14	0.89	1.22	0.59	0.74	0.90	1.58
Debt to Equity Ratio	13.10	13.10	10.15	10.04	7.95	5.13	4.77	4.09	3.66

LVS Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	4.832B	4.290B	5.777B	6.744B	5.510B	5.707B	5.305B	5.566B
Cash & Cash Equivalents	3.841B	3.650B	5.105B	6.311B	1.854B	2.082B	4.226B	4.648B
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	3.841B	3.650B	5.105B	6.311B	1.854B	2.082B	4.226B	4.648B
Accounts Receivable	742.000M	417.000M	484.000M	267.000M	202.000M	252.000M	844.000M	726.000M
Inventory	46.000M	41.000M	38.000M	28.000M	22.000M	22.000M	37.000M	35.000M
Total Assets	21.920B	20.666B	21.778B	22.039B	20.059B	20.807B	23.199B	22.547B
Property, Plant & Equipment	11.673B	13.995B	13.688B	13.579B	14.016B	14.536B	17.116B	16.352B
Goodwill	103.000M	102.000M	103.000M	10.000M	0.00	0.00	0.00	0.00
Intangible Assets	470.000M	443.000M	495.000M	54.000M	19.000M	25.000M	42.000M	72.000M
Long-Term Investments	1.389B	1.389B	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	4.222B	5.801B	4.422B	3.902B	2.565B	2.816B	3.224B	3.157B
Accounts Payable	190.000M	164.000M	167.000M	89.000M	77.000M	89.000M	149.000M	178.000M
Short-Term Debt	1.148B	3.160B	1.900B	2.031B	74.000M	75.000M	70.000M	111.000M
Total Liabilities	19.986B	17.506B	17.674B	18.383B	17.811B	17.269B	16.692B	15.802B
Long-Term Debt	14.656B	10.592B	12.129B	13.947B	14.721B	13.929B	12.422B	11.874B
Total Debt	16.138B	13.752B	14.029B	15.978B	14.795B	14.004B	12.492B	11.985B
Net Debt (Cash)	12.297B	10.102B	8.924B	9.667B	12.941B	11.922B	8.266B	7.337B
Total Shareholders' Equity	1.590B	2.884B	4.118B	3.881B	1.996B	2.973B	5.187B	5.684B
Common Stock	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M	1.000M
Retained Earnings	4.387B	3.455B	2.600B	1.684B	-148.000M	813.000M	3.101B	2.770B
Current Ratio	1.14	0.74	1.31	1.73	2.15	2.03	1.65	1.76
Debt to Equity Ratio	10.15	4.77	3.41	4.12	7.41	4.71	2.41	2.11

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Las Vegas Sands Corp.

Las Vegas Sands Corporation, in conjunction with its various subsidiaries, specializes in the development, ownership, and ongoing management of comprehensive integrated resort properties across both Asian and United States markets. The company maintains a significant portfolio of establishments in Macao, People's Republic of China, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao (which encompasses the Four Seasons Hotel Macao, Cotai Strip), and the Sands Macao. Furthermore, its Asian operations extend to Singapore, where it presides over the iconic Marina Bay Sands. Domestically, Las Vegas Sands also operates key assets within Las Vegas, Nevada: The Venetian Resort Hotel Casino, prominently situated on the renowned Las Vegas Strip, and the Sands Expo and Convention Center. These expansive integrated resorts are meticulously designed to offer a full spectrum of guest experiences, boasting luxurious accommodations, extensive gaming facilities, diverse entertainment venues, high-end retail shopping complexes, state-of-the-art convention and exhibition spaces, gourmet restaurants helmed by celebrity chefs, and numerous other guest conveniences. Established in 1988, Las Vegas Sands Corp. maintains its corporate headquarters in Las Vegas, Nevada.

Las Vegas, NV

39,900 employees

www.sands.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: Patrick Dumont

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