Las Vegas Sands Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.02B | $11.30B | $10.37B | $4.11B | $4.23B | $2.94B | $12.13B | $13.73B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $269.0M | $228.0M | $205.0M | $143.0M | $109.0M | — | — | — |
| SG&A Expense | $1.19B | $1.15B | $1.11B | $936.0M | $831.0M | $798.0M | $1.12B | $1.48B |
| Operating Income | $2.82B | $2.40B | $2.31B | $-792.0M | $-689.0M | $-1.39B | $3.37B | $3.75B |
| Operating Margin | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% | -47.4% | 27.7% | 27.3% |
| Interest Expense | $746.0M | $727.0M | $818.0M | $702.0M | $621.0M | $523.0M | $449.0M | $446.0M |
| Pretax Income | $2.21B | $1.96B | $1.78B | $-1.39B | $-1.47B | $-1.88B | $3.60B | $3.33B |
| Income Tax Expense | $347.0M | $208.0M | $344.0M | $154.0M | $-5.0M | $24.0M | $432.0M | $375.0M |
| Net Income | $1.63B | $1.45B | $1.22B | $1.83B | $-961.0M | $-1.69B | $2.70B | $2.41B |
| Net Margin | 12.5% | 12.8% | 11.8% | 44.6% | -22.7% | -57.3% | 22.2% | 17.6% |
| EPS (Basic) | $2.35 | $1.97 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 |
| EPS (Diluted) | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 |
| Shares Outstanding (Basic) | 691.0M | 735.0M | 763.0M | 764.0M | 764.0M | 764.0M | 771.0M | 786.0M |
| Shares Outstanding (Diluted) | 693.0M | 737.0M | 765.0M | 764.0M | 764.0M | 764.0M | 771.0M | 786.0M |
| Dividends Per Share | $1.00 | $0.80 | $0.40 | — | — | $0.79 | $3.08 | $3.00 |