How do you interpret las vegas operating properties — effective tax rate?

A lower rate may indicate tax efficiencies or favorable jurisdictional treatment, while a higher rate suggests increased tax liabilities or non-deductible expenses.

How does las vegas operating properties — effective tax rate compare across companies?

Standardized across the hospitality sector based on local corporate tax rates and specific tax planning strategies.

Las Vegas Sands LVS Las Vegas Operating Properties — Effective tax rate

Discontinued — last reported Q1 '22

Similar metrics at other companies

WYNNLas Vegas Operations — Gaming taxes

$20.01M+7.6%

MGMLas Vegas Strip Resorts — Gaming taxes

$55.28M-6.6%

WYNNLas Vegas Operations — Adjusted Property EBITDA

$132.72M+1,042%

MGMLas Vegas Strip Resorts — Revenue from Contract with Customer, Excluding Assessed Tax

$2.18B+0.2%

MGMLas Vegas Strip Resorts — Costs and Expenses

$1.43B+4.9%

MGMLas Vegas Strip Resorts — Adjusted Earnings Before Interest Taxes Depreciation And Amortization

$380.24M-5.3%

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

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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

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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

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 lvs:DisposalGroupDiscontinuedOperationEffectiveIncomeTaxRateReconciliationPercent.

The official record: Las Vegas Sands’s 10-Q, filed April 29, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's las vegas operating properties — effective tax rate?: Las Vegas Sands (LVS) reported las vegas operating properties — effective tax rate of 20.8% in Q1 2022.
What does las vegas operating properties — effective tax rate mean?: The percentage of the Las Vegas segment's pre-tax income paid as income tax.
How do you interpret las vegas operating properties — effective tax rate?: A lower rate may indicate tax efficiencies or favorable jurisdictional treatment, while a higher rate suggests increased tax liabilities or non-deductible expenses.
How does las vegas operating properties — effective tax rate compare across companies?: Standardized across the hospitality sector based on local corporate tax rates and specific tax planning strategies.