What is Las Vegas Sands's finance lease liabilities?

Las Vegas Sands (LVS) reported finance lease liabilities of $139M in Q4 2025.

How has Las Vegas Sands's finance lease liabilities changed year-over-year?

Las Vegas Sands's finance lease liabilities increased by 17.8% year-over-year, from $118M to $139M.

What is the long-term trend for Las Vegas Sands's finance lease liabilities?

Over 5 years (2020 to 2025), Las Vegas Sands's finance lease liabilities has grown at a 69.3% compound annual growth rate (CAGR), from $10M to $139M.

What does finance lease liabilities mean?

Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

Las Vegas Sands LVS Finance Lease Liabilities

Discontinued — last reported Q4 '25

Finance Lease Liabilities at other companies

MGM Resorts InternationalMGM

$162.12M-28.2%

Caesars Entertainment, Inc.CZR

$13.13B+1.5%

Red Rock Resorts, Inc.RRR

$39.74M—

PENN Entertainment, Inc.PENN

$2.01B-2.0%

Churchill DownsCHDN

$25.1M-36.6%

Accel EntertainmentACEL

$656K-29.2%

Segments

By geography

See full

United States$122M+4.3%

Macao$32M+39.1%

Singapore$1M0.0%

Other financials

Income statement

See full

Revenue$3.6B+25.3%

Operating income$904.0M+48.4%

Net income$567.0M+61.1%

EPS (diluted)$0.85+73.5%

Balance sheet

See full

Cash & equivalents$3.5B+9.3%

Total debt$17.5B+4.2%

Total equity$1.2B-55.6%

Total assets$21.2B-0.3%

Cash flow

See full

Operating cash flow$731.0M+39.0%

CapEx$194.0M-48.8%

Free cash flow$537.0M+265%

Valuation

See full

Market cap$31.22B+3.7%

Enterprise value$45.32B+4.7%

P/E17×-4.4×

P/S2.3×-0.3×

Profitability

See full

Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

See full

Return on equity94.5%+55.3pp

Debt / equity14.6×+8.4×

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiabilityNoncurrent.

The official record: Las Vegas Sands’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's finance lease liabilities?: Las Vegas Sands (LVS) reported finance lease liabilities of $139M in Q4 2025.
How has Las Vegas Sands's finance lease liabilities changed year-over-year?: Las Vegas Sands's finance lease liabilities increased by 17.8% year-over-year, from $118M to $139M.
What is the long-term trend for Las Vegas Sands's finance lease liabilities?: Over 5 years (2020 to 2025), Las Vegas Sands's finance lease liabilities has grown at a 69.3% compound annual growth rate (CAGR), from $10M to $139M.
What does finance lease liabilities mean?: Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.