Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Las Vegas Sands Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income (loss) from continuing operations	(1,541)	(1,469)	(2,143)	3,304)	2,951)
Depreciation and amortization	1,036)	1,041)	1,160)	1,165)	1,111)
Amortization of leasehold interests in land	55)	56)	55)	51)	35)
Amortization of deferred financing costs and original issue discount	57)	52)	43)	33)	35)
Amortization of deferred gain on mall sale transactions	—)	—)	(5)	(5)	(5)
Change in fair value of derivative asset/liability	1)	(1)	—)	—)	—)
Paid-in-kind interest income	(15)	—)	—)	—)	—)
Loss on modification or early retirement of debt	—)	137)	—)	24)	64)
Loss on disposal or impairment of assets	7)	16)	46)	82)	149)
Gain on sale of Sands Bethlehem	—)	—)	—)	(556)	—)
Stock-based compensation expense	39)	22)	22)	35)	30)
Provision for credit losses	15)	3)	99)	30)	5)
Foreign exchange (gain) loss	(10)	34)	(20)	(21)	(26)
Deferred income taxes	(2)	(45)	(33)	157)	113)
Income tax impact related to gain on sale of Las Vegas Operations	(750)	—)	—)	—)	—)
Accounts receivable	(78)	43)	402)	(150)	(119)
Other assets	2)	(5)	(6)	(63)	(25)
Leasehold interests in land	—)	—)	—)	(969)	(15)
Accounts payable	11)	(11)	(51)	(26)	8)
Other liabilities	229)	(116)	(881)	(53)	390)
Changes in operating assets and liabilities	164)	(89)	(536)	(1,261)	239)
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities	597)	1,226)	831)	(266)	1,750)
Net cash generated from (used in) operating activities	(944)	(243)	(1,312)	3,038)	4,701)
Net proceeds from sale of Sands Bethlehem	—)	—)	—)	1,161)	—)
Capital expenditures	(651)	(828)	(1,330)	(1,216)	(949)
Proceeds from disposal of property and equipment	9)	7)	1)	5)	19)
Acquisition of intangible assets and other	(129)	(11)	—)	(53)	—)
Proceeds from loan receivable	50)	—)	—)	—)	—)
Net cash used in investing activities	(721)	(832)	(1,329)	(103)	(930)
Proceeds from exercise of stock options	—)	19)	24)	54)	79)
Repurchase of common stock	—)	—)	—)	(754)	(905)
Tax withholding on vesting of equity awards	(1)	—)	—)	—)	—)
Dividends paid and noncontrolling interest payments	—)	—)	(911)	(3,000)	(2,979)
Proceeds from long-term debt	1,200)	2,702)	1,945)	4,000)	7,593)
Repayments of long-term debt	(66)	(1,867)	(467)	(3,536)	(5,178)
Payments of financing costs	(11)	(38)	(31)	(132)	(132)
Make-whole premium on early extinguishment of debt	—)	(131)	—)	—)	—)
Transactions with discontinued operations	5,032)	178)	—)	—)	—)
Net cash generated from (used in) financing activities	6,154)	863)	560)	(3,368)	(1,522)
Net cash generated from operating activities	149)	258)	—)	—)	—)
Net cash (used in) generated from investing activities	4,883)	(63)	—)	—)	—)
Net cash provided (to) by continuing operations and (used in) financing activities	(5,032)	(179)	—)	—)	—)
Net cash generated from discontinued operations	—)	16)	—)	—)	—)
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents	22)	(16)	(24)	14)	(18)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	4,511)	(212)	(2,105)	(419)	2,231)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year	1,925)	2,137)	4,242)	4,661)	2,430)
Cash, cash equivalents and restricted cash and cash equivalents at end of year	6,436)	1,925)	2,137)	4,242)	4,661)

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).

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Cash flow statement item	Description	The company
Net cash generated from (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Las Vegas Sands Corp. net cash generated from (used in) operating activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Las Vegas Sands Corp. net cash used in investing activities increased from 2020 to 2021 and from 2021 to 2022.
Net cash generated from (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Las Vegas Sands Corp. net cash generated from (used in) financing activities increased from 2020 to 2021 and from 2021 to 2022.

Las Vegas Sands Corp. (NYSE:LVS)

Cash Flow Statement