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Las Vegas Sands LVS Mall — Contract with customer, liability

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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$31.22B+3.7%
Enterprise value$45.32B+4.7%
P/E17×-4.4×
P/S2.3×-0.3×

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 us-gaap:ContractWithCustomerLiability.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's mall — contract with customer, liability?
Las Vegas Sands (LVS) reported mall — contract with customer, liability of $173M in Q1 2026.
How has Las Vegas Sands's mall — contract with customer, liability changed year-over-year?
Las Vegas Sands's mall — contract with customer, liability increased by 1.2% year-over-year, from $171M to $173M.
What is the long-term trend for Las Vegas Sands's mall — contract with customer, liability?
Over 4 years (2021 to 2025), Las Vegas Sands's mall — contract with customer, liability has grown at a 3.8% compound annual growth rate (CAGR), from $596M to $691M.
What does mall — contract with customer, liability mean?
Reflects the obligation to provide goods or services to customers for which the company has already received consideration, such as prepaid rent or security deposits. This represents deferred revenue that will be recognized as income over the lease term.