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Las Vegas Sands LVS Macao — Total spend incurred to date

Discontinued — last reported Q4 '23

Similar metrics at other companies

Wynn Resorts logo
WYNNTotal Macau Operations — Segment, Expenditure, Addition to Long-Lived Assets
$90.94M+38.7%
Wynn Resorts logo
WYNNMacau Operations — CapEx
$11.24M-28.0%
Wynn Resorts logo
WYNNMacau — Long-Lived Assets
$3.04B-1.8%
Wynn Resorts logo
WYNNTotal Macau Operations — Total Assets
$5.05B+0.5%
MGM Resorts International logo
MGMNon-Gaming Projects — Total investment in gaming and non-gaming projects and development of international tourist markets
$4.5B0.0%
Wynn Resorts logo
WYNNOther Macau — Total Assets
$68.49M-60.8%

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:TotalSpendIncurredToDate.

The official record: Las Vegas Sands’s 10-Q, filed October 24, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's macao — total spend incurred to date?
Las Vegas Sands (LVS) reported macao — total spend incurred to date of $42M in Q4 2023.
What does macao — total spend incurred to date mean?
The total cumulative cost invested in specific Macao development projects to date.
How do you interpret macao — total spend incurred to date?
Higher values indicate significant progress on major capital projects, while stagnation suggests project delays or completion.
How does macao — total spend incurred to date compare across companies?
Similar to cumulative project cost tracking in large-scale infrastructure or resort development.