What does gaming — statutory tax rate percent mean?

The percentage of gaming revenue that must be paid to the government as taxes.

How do you interpret gaming — statutory tax rate percent?

A lower tax rate generally signals higher potential profitability and better cash flow generation for the gaming segment, while an increase indicates a higher regulatory cost burden that may compress margins.

How does gaming — statutory tax rate percent compare across companies?

Comparable to gaming tax rates in other major jurisdictions like Nevada, New Jersey, or regional Asian markets, which vary significantly based on local legislation.

Las Vegas Sands LVS Gaming — Statutory Tax Rate Percent

Discontinued — last reported Q1 '19

Similar metrics at other companies

MGMRegional Operations — Gaming taxes

$188.51M+2.1%

WYNNLas Vegas Operations — Gaming taxes

$20.01M+7.6%

MGMLas Vegas Strip Resorts — Gaming taxes

$55.28M-6.6%

WYNNTotal Macau Operations — Gaming taxes

$303.21M+28.3%

MGMCasino — Revenue from Contract with Customer, Excluding Assessed Tax

$2.38B+5.6%

WYNNEncore Boston Harbor — Gaming taxes

$45.23M-1.7%

Other financials

Income statement

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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

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Market cap$32.28B+30.9%

Enterprise value$46.38B+21.7%

P/E17.5×-1.4×

P/S2.4×+0.1×

Profitability

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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 lvs:StatutoryTaxRatePercent.

The official record: Las Vegas Sands’s 10-Q, filed April 19, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does gaming — statutory tax rate percent mean?: The percentage of gaming revenue that must be paid to the government as taxes.
How do you interpret gaming — statutory tax rate percent?: A lower tax rate generally signals higher potential profitability and better cash flow generation for the gaming segment, while an increase indicates a higher regulatory cost burden that may compress margins.
How does gaming — statutory tax rate percent compare across companies?: Comparable to gaming tax rates in other major jurisdictions like Nevada, New Jersey, or regional Asian markets, which vary significantly based on local legislation.