What does sands macao — capex mean?

Cash spent on upgrading or maintaining the resort's physical property and equipment.

How do you interpret sands macao — capex?

Higher spending indicates active reinvestment or expansion, while lower spending may signal a focus on cash preservation or a mature asset cycle.

How does sands macao — capex compare across companies?

Equivalent to 'Capital Expenditures' (CapEx) reported at the segment level by peer gaming companies.

Las Vegas Sands LVS Sands Macao — CapEx

Discontinued — last reported Q1 '18

Similar metrics at other companies

WYNNMacau Operations — CapEx

$11.24M-28.0%

MGMLas Vegas Strip Resorts — CapEx

$102.81M+54.0%

MGMOperating Segments — CapEx

$352.49M+8.3%

MGMRegional Operations — CapEx

$47.7M+147%

WYNNTotal Macau Operations — Segment, Expenditure, Addition to Long-Lived Assets

$90.94M+38.7%

MGMLas Vegas Strip Resorts — CapEx

$51.01M-51.5%

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 us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

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

Questions, answered.

What does sands macao — capex mean?: Cash spent on upgrading or maintaining the resort's physical property and equipment.
How do you interpret sands macao — capex?: Higher spending indicates active reinvestment or expansion, while lower spending may signal a focus on cash preservation or a mature asset cycle.
How does sands macao — capex compare across companies?: Equivalent to 'Capital Expenditures' (CapEx) reported at the segment level by peer gaming companies.