What does las vegas operating properties — mall revenue mean?

Total revenue earned from retail and mall operations within the resort.

How do you interpret las vegas operating properties — mall revenue?

An increase indicates strong retail demand and successful non-gaming revenue diversification.

How does las vegas operating properties — mall revenue compare across companies?

Comparable to retail rental income metrics reported by integrated resort operators with significant shopping mall components.

Las Vegas Sands LVS Las Vegas Operating Properties — Mall Revenue

Discontinued — last reported Q1 '18

Similar metrics at other companies

WYNNLas Vegas Operations — Total operating revenues

$661.91M+5.9%

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

$2.18B+0.2%

MGMRegional Operations — Revenue from Contract with Customer, Excluding Assessed Tax

$917.91M+1.9%

WYNNLas Vegas Operations — Net Revenue

$416.39M-2.2%

WYNNEntertainment, retail and other — Total operating revenues

$130.13M-4.0%

MGMEntertainment, retail and other, and reimbursed costs — Total net revenue

$54.84M+3.1%

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

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Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

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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:MallRevenue.

The official record: Las Vegas Sands’s 10-Q, filed April 27, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does las vegas operating properties — mall revenue mean?: Total revenue earned from retail and mall operations within the resort.
How do you interpret las vegas operating properties — mall revenue?: An increase indicates strong retail demand and successful non-gaming revenue diversification.
How does las vegas operating properties — mall revenue compare across companies?: Comparable to retail rental income metrics reported by integrated resort operators with significant shopping mall components.