2021 Q4 Form 10-Q Financial Statement

#000130051421000166 Filed on October 22, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $1.008B $857.0M $446.0M
YoY Change -0.69% 92.15% -86.28%
Cost Of Revenue $603.0M $584.0M $503.0M
YoY Change -16.48% 16.1% -68.6%
Gross Profit $405.0M $273.0M $83.00M
YoY Change -4.48% 228.92% -94.96%
Gross Profit Margin 40.18% 31.86% 18.61%
Selling, General & Admin $204.0M $223.0M $196.0M
YoY Change -35.44% 13.78% -46.15%
% of Gross Profit 50.37% 81.68% 236.14%
Research & Development $50.00M $13.00M $3.000M
YoY Change 333.33% -25.0%
% of Gross Profit 12.35% 4.76% 3.61%
Depreciation & Amortization $280.0M $276.0M $306.0M
YoY Change -8.79% -9.8% 2.68%
% of Gross Profit 69.14% 101.1% 368.67%
Operating Expenses $534.0M $236.0M $199.0M
YoY Change -14.29% 18.59% -45.92%
Operating Profit -$138.0M -$316.0M -$523.0M
YoY Change 15.97% -39.58% -158.18%
Interest Expense -$151.0M $157.0M $134.0M
YoY Change 1.34% 17.16% -2.19%
% of Operating Profit
Other Income/Expense, Net -$12.00M -$12.00M -$5.000M
YoY Change 50.0% 140.0% -28.57%
Pretax Income -$301.0M -$621.0M -$659.0M
YoY Change -18.21% -5.77% -187.75%
Income Tax $14.00M -$27.00M $5.000M
% Of Pretax Income
Net Earnings -$123.0M -$368.0M -$565.0M
YoY Change -58.86% -34.87% -206.0%
Net Earnings / Revenue -12.2% -42.94% -126.68%
Basic Earnings Per Share -$0.17 -$0.48 -$0.74
Diluted Earnings Per Share -$0.17 -$0.48 -$0.74
COMMON SHARES
Basic Shares Outstanding 764.0M shares 764.0M shares 764.0M shares
Diluted Shares Outstanding 764.0M shares 764.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.854B $1.644B $2.381B
YoY Change -10.95% -30.95% -37.62%
Cash & Equivalents $1.854B $1.640B $2.380B
Short-Term Investments
Other Short-Term Assets $3.432B $3.395B $161.0M
YoY Change 2.42% 2008.7% -19.9%
Inventory $22.00M $22.00M $34.00M
Prepaid Expenses
Receivables $202.0M $167.0M $382.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.510B $5.228B $2.958B
YoY Change -3.45% 76.74% -38.48%
LONG-TERM ASSETS
Property, Plant & Equipment $11.85B $11.93B $14.99B
YoY Change -3.5% -20.41% 2.76%
Goodwill
YoY Change
Intangibles $19.00M $15.00M $28.00M
YoY Change -24.0% -46.43% -37.78%
Long-Term Investments
YoY Change
Other Assets $217.0M $223.0M $467.0M
YoY Change -1.81% -52.25% 2.19%
Total Long-Term Assets $14.55B $14.66B $18.02B
YoY Change -3.65% -18.64% 2.3%
TOTAL ASSETS
Total Short-Term Assets $5.510B $5.228B $2.958B
Total Long-Term Assets $14.55B $14.66B $18.02B
Total Assets $20.06B $19.89B $20.98B
YoY Change -3.59% -5.19% -6.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.00M $74.00M $70.00M
YoY Change -13.48% 5.71% -58.82%
Accrued Expenses $1.334B $1.265B $1.684B
YoY Change -9.5% -24.88% -24.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $74.00M $73.00M $72.00M
YoY Change -1.33% 1.39% 9.09%
Total Short-Term Liabilities $2.565B $2.487B $2.255B
YoY Change -8.91% 10.29% -24.93%
LONG-TERM LIABILITIES
Long-Term Debt $14.72B $14.46B $13.84B
YoY Change 5.69% 4.49% 16.53%
Other Long-Term Liabilities $352.0M $341.0M $518.0M
YoY Change 4.76% -34.17% 4.44%
Total Long-Term Liabilities $352.0M $341.0M $518.0M
YoY Change 4.76% -34.17% 4.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.565B $2.487B $2.255B
Total Long-Term Liabilities $352.0M $341.0M $518.0M
Total Liabilities $17.81B $17.46B $17.14B
YoY Change 3.14% 1.87% 7.73%
SHAREHOLDERS EQUITY
Retained Earnings -$148.0M -$25.00M $1.112B
YoY Change -118.2% -102.25% -63.65%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.481B $4.481B $4.481B
YoY Change 0.0% 0.0% 7.18%
Treasury Stock Shares 69.00M shares 69.00M shares 69.00M shares
Shareholders Equity $1.996B $2.102B $3.199B
YoY Change
Total Liabilities & Shareholders Equity $20.06B $19.89B $20.98B
YoY Change -3.59% -5.19% -6.44%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$123.0M -$368.0M -$565.0M
YoY Change -58.86% -34.87% -206.0%
Depreciation, Depletion And Amortization $280.0M $276.0M $306.0M
YoY Change -8.79% -9.8% 2.68%
Cash From Operating Activities $201.0M -$159.0M -$294.0M
YoY Change 4925.0% -45.92% -132.67%
INVESTING ACTIVITIES
Capital Expenditures -$194.0M -$197.0M -$376.0M
YoY Change -23.02% -47.61% 24.09%
Acquisitions
YoY Change
Other Investing Activities -$18.00M -$16.00M $0.00
YoY Change
Cash From Investing Activities -$212.0M -$213.0M -$376.0M
YoY Change -15.87% -43.35% 24.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 234.0M -31.00M 28.00M
YoY Change -1660.0% -210.71% -103.59%
NET CHANGE
Cash From Operating Activities 201.0M -159.0M -294.0M
Cash From Investing Activities -212.0M -213.0M -376.0M
Cash From Financing Activities 234.0M -31.00M 28.00M
Net Change In Cash 223.0M -403.0M -642.0M
YoY Change -184.79% -37.23% 248.91%
FREE CASH FLOW
Cash From Operating Activities $201.0M -$159.0M -$294.0M
Capital Expenditures -$194.0M -$197.0M -$376.0M
Free Cash Flow $395.0M $38.00M $82.00M
YoY Change 54.3% -53.66% -93.18%

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52000000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
20000000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
33000000 USD
lvs Accountsreceivableallowanceforcreditlossfx
Accountsreceivableallowanceforcreditlossfx
-3000000 USD
lvs Accountsreceivableallowanceforcreditlossfx
Accountsreceivableallowanceforcreditlossfx
-3000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
241000000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
236000000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
764000000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
764000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
764000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
764000000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
764000000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
764000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
764000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
764000000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000000 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.016
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
20000000 USD
CY2021Q3 us-gaap Revenues
Revenues
857000000 USD
CY2020Q3 us-gaap Revenues
Revenues
446000000 USD
us-gaap Revenues
Revenues
3226000000 USD
us-gaap Revenues
Revenues
1925000000 USD
CY2021Q3 lvs Adjusted Property Ebitda
AdjustedPropertyEbitda
47000000 USD
CY2020Q3 lvs Adjusted Property Ebitda
AdjustedPropertyEbitda
-163000000 USD
lvs Adjusted Property Ebitda
AdjustedPropertyEbitda
535000000 USD
lvs Adjusted Property Ebitda
AdjustedPropertyEbitda
-239000000 USD
CY2021Q3 lvs Share Based Compensation Expense Segment
ShareBasedCompensationExpenseSegment
0 USD
CY2020Q3 lvs Share Based Compensation Expense Segment
ShareBasedCompensationExpenseSegment
2000000 USD
lvs Share Based Compensation Expense Segment
ShareBasedCompensationExpenseSegment
8000000 USD
lvs Share Based Compensation Expense Segment
ShareBasedCompensationExpenseSegment
10000000 USD
CY2021Q3 lvs Corporate Expense
CorporateExpense
64000000 USD
CY2020Q3 lvs Corporate Expense
CorporateExpense
33000000 USD
lvs Corporate Expense
CorporateExpense
169000000 USD
lvs Corporate Expense
CorporateExpense
145000000 USD
CY2021Q3 us-gaap Pre Opening Costs
PreOpeningCosts
6000000 USD
CY2020Q3 us-gaap Pre Opening Costs
PreOpeningCosts
5000000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
15000000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
14000000 USD
CY2021Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
13000000 USD
CY2020Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
3000000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
59000000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
18000000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
262000000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
248000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
775000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
745000000 USD
CY2021Q3 lvs Amortization Of Leasehold Interests In Land
AmortizationOfLeaseholdInterestsInLand
14000000 USD
CY2020Q3 lvs Amortization Of Leasehold Interests In Land
AmortizationOfLeaseholdInterestsInLand
14000000 USD
lvs Amortization Of Leasehold Interests In Land
AmortizationOfLeaseholdInterestsInLand
42000000 USD
lvs Amortization Of Leasehold Interests In Land
AmortizationOfLeaseholdInterestsInLand
41000000 USD
CY2021Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4000000 USD
CY2020Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-55000000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-18000000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-62000000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-316000000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-523000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-551000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1274000000 USD
CY2021Q3 us-gaap Interest Income Other
InterestIncomeOther
1000000 USD
CY2020Q3 us-gaap Interest Income Other
InterestIncomeOther
3000000 USD
us-gaap Interest Income Other
InterestIncomeOther
3000000 USD
us-gaap Interest Income Other
InterestIncomeOther
20000000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
157000000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
134000000 USD
us-gaap Interest Expense
InterestExpense
469000000 USD
us-gaap Interest Expense
InterestExpense
376000000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12000000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
29000000 USD
CY2021Q3 lvs Gain Loss On Modification Or Early Retirement Of Debt
GainLossOnModificationOrEarlyRetirementOfDebt
-137000000 USD
CY2020Q3 lvs Gain Loss On Modification Or Early Retirement Of Debt
GainLossOnModificationOrEarlyRetirementOfDebt
0 USD
lvs Gain Loss On Modification Or Early Retirement Of Debt
GainLossOnModificationOrEarlyRetirementOfDebt
-137000000 USD
lvs Gain Loss On Modification Or Early Retirement Of Debt
GainLossOnModificationOrEarlyRetirementOfDebt
0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-27000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-594000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-664000000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1154000000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1597000000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
CY2021Q3 lvs Share Based Compensation Expense Corporate
ShareBasedCompensationExpenseCorporate
3000000 USD
CY2020Q3 lvs Share Based Compensation Expense Corporate
ShareBasedCompensationExpenseCorporate
4000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000 USD
lvs Share Based Compensation Expense Corporate
ShareBasedCompensationExpenseCorporate
9000000 USD
lvs Share Based Compensation Expense Corporate
ShareBasedCompensationExpenseCorporate
9000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
640000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
998000000 USD

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lvs-20210930_cal.xml Edgar Link unprocessable
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