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Las Vegas Sands LVS Amortization of leasehold interests in land

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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$30.61B+1.0%
Enterprise value$44.7B+2.8%
P/E16.6×-4.8×
P/S2.2×-0.4×

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:AmortizationOfLeaseholdInterestsInLand.

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 amortization of leasehold interests in land?
Las Vegas Sands (LVS) reported amortization of leasehold interests in land of $21M in Q1 2026.
How has Las Vegas Sands's amortization of leasehold interests in land changed year-over-year?
Las Vegas Sands's amortization of leasehold interests in land increased by 40.0% year-over-year, from $15M to $21M.
What is the long-term trend for Las Vegas Sands's amortization of leasehold interests in land?
Over 4 years (2021 to 2025), Las Vegas Sands's amortization of leasehold interests in land has grown at a 7.9% compound annual growth rate (CAGR), from $56M to $76M.
What does amortization of leasehold interests in land mean?
This metric represents the systematic allocation of the cost of land leasehold interests over the term of the lease. Because the company operates in jurisdictions where land is often leased rather than owned, this is a recurring operational cost. It reflects the long-term commitment to the land rights necessary for resort operations.