What does venetian macao — adjusted property ebitda mean?

The core operating profit generated by the Venetian Macao resort before accounting for financing, taxes, and non-cash expenses.

How do you interpret venetian macao — adjusted property ebitda?

An increase indicates improved operational efficiency and higher demand for gaming and non-gaming services at the property.

How does venetian macao — adjusted property ebitda compare across companies?

Similar to property-level EBITDA reported by other large-scale casino operators like MGM Resorts or Wynn Resorts.

Las Vegas Sands LVS Venetian Macao — Adjusted Property Ebitda

Discontinued — last reported Q1 '18

Similar metrics at other companies

WYNNTotal Macau Operations — Adjusted Property EBITDA

$262.88M+3.1%

WYNNTotal Macau Operations — Adjusted Property EBITDAR

$203.82M+25.9%

WYNNLas Vegas Operations — Adjusted Property EBITDAR

$232.46M+4.1%

WYNNLas Vegas Operations — Adjusted Property EBITDA

$132.72M+1,042%

WYNNWynn Las Vegas — Adjusted Property EBITDA

$202.72M-7.7%

MGMLas Vegas Strip Resorts — Segment Adjusted EBITDAR

$749.21M-7.6%

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:AdjustedPropertyEbitda.

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

Questions, answered.

What does venetian macao — adjusted property ebitda mean?: The core operating profit generated by the Venetian Macao resort before accounting for financing, taxes, and non-cash expenses.
How do you interpret venetian macao — adjusted property ebitda?: An increase indicates improved operational efficiency and higher demand for gaming and non-gaming services at the property.
How does venetian macao — adjusted property ebitda compare across companies?: Similar to property-level EBITDA reported by other large-scale casino operators like MGM Resorts or Wynn Resorts.