Stock Analysis on Net
Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

This company has been moved to the archive! The financial data has not been updated since October 20, 2023.

Common-Size Balance Sheet: Assets 

Las Vegas Sands Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 28.64 9.24 10.19 18.22 20.61
Restricted cash and cash equivalents 0.00 0.08 0.08 0.07 0.06
Accounts receivable, net of provision for credit losses 1.21 1.01 1.62 3.64 3.22
Inventories 0.13 0.11 0.15 0.16 0.16
Prepaid expenses and other 0.63 0.56 0.66 0.78 0.64
Current assets of discontinued operations held for sale 0.00 16.47 0.00 0.00 0.00
Current assets 30.60% 27.47% 12.71% 22.87% 24.69%
Loan receivable 5.29 0.00 0.00 0.00 0.00
Property and equipment, net 51.96 59.08 72.61 63.99 67.21
Restricted cash 0.57 0.00 0.00 0.00 0.00
Deferred income taxes, net 0.59 1.48 1.53 1.22 1.63
Leasehold interests in land, net 9.66 10.80 10.84 9.79 5.31
Intangible assets, net 0.29 0.09 0.12 0.18 0.32
Other assets, net 1.05 1.08 2.19 1.96 0.84
Noncurrent assets 69.40% 72.53% 87.29% 77.13% 75.31%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets showed a declining trend from 20.61% in 2018 to a low of 9.24% in 2021, followed by a substantial increase to 28.64% in 2022. This indicates increased liquidity after a period of reduction.
Restricted Cash and Cash Equivalents
This item remained minimal and relatively stable, fluctuating slightly between 0.06% and 0.08% from 2018 through 2021. No data is available for 2022, suggesting a possible reclassification or reporting change.
Accounts Receivable, Net of Provision for Credit Losses
Accounts receivable as a percentage of total assets decreased consistently from 3.22% in 2018 to 1.01% in 2021, before a slight increase to 1.21% in 2022. This trend suggests improved collections or a reduction in sales on credit during this period.
Inventories
Inventories maintained a stable presence throughout the years, with minor fluctuations between 0.11% and 0.16%, indicating a relatively consistent level of inventory holdings relative to total assets.
Prepaid Expenses and Other
This category showed slight fluctuations, starting at 0.64% in 2018, peaking at 0.78% in 2019, then declining to 0.56% in 2021 before a modest increase to 0.63% in 2022. These movements reflect minor changes in prepayments or similar asset categories.
Current Assets of Discontinued Operations Held for Sale
Data for this item is only available for 2021, at 16.47% of total assets, indicating a significant component of current assets was classified as held for sale during that year, which could impact liquidity and future asset composition.
Current Assets
Current assets as a percentage of total assets decreased substantially from 24.69% in 2018 to 12.71% in 2020, then rose sharply to 27.47% in 2021 and further to 30.6% in 2022. This U-shaped pattern suggests a period of asset reallocation followed by accumulation or increased liquidity in the more recent years.
Loan Receivable
This item appears only in 2022 at 5.29% of total assets, signalling a new component in asset composition, which introduces a lending activity or similar financial asset.
Property and Equipment, Net
Property and equipment accounted for a majority share of total assets throughout the period, though there was a decreasing trend from 67.21% in 2018 to 51.96% in 2022. A notable peak occurred in 2020 at 72.61%, suggesting asset accumulation, followed by a reduction in subsequent years. This decline may indicate asset sales, depreciation, or impairment.
Restricted Cash
Reported only in 2022 at 0.57%, this new reporting item suggests changes in cash management or restrictions placed during that year.
Deferred Income Taxes, Net
The proportion of deferred income taxes relative to total assets declined over the period from 1.63% in 2018 to 0.59% in 2022, reflecting possible changes in tax positions or asset bases affecting deferred tax calculations.
Leasehold Interests in Land, Net
This asset item showed growth from 5.31% in 2018 to a peak of 10.84% in 2020, maintaining a similar level at 10.8% in 2021, before declining to 9.66% in 2022. The initial increase reflects acquisitions or capitalization of leasehold interests, followed by a moderate reduction.
Intangible Assets, Net
Intangible assets remained a minor component, decreasing from 0.32% in 2018 to 0.09% in 2021, then rising to 0.29% in 2022. This pattern suggests limited acquisitions or disposals of intangible assets, with a slight revival in the last year.
Other Assets, Net
This category increased from 0.84% in 2018 to 2.19% in 2020, then decreased to slightly above 1% in 2021 and 2022, denoting fluctuations in miscellaneous asset accounts over the five-year period.
Noncurrent Assets
The total share of noncurrent assets increased from 75.31% in 2018 to a peak of 87.29% in 2020, then declined to 69.4% in 2022. This trend corresponds with the movements in property and equipment and leasehold interests, indicating changes in the capital asset base during the analyzed period.
Total Assets
Total assets consistently represent 100% and serve as the denominator for all the ratios, showing the composition changes within the asset structure over time.