Las Vegas Sands said net revenue for Q4 2023 was $2.92 billion, up 161.0% from a year earlier. It said operating income was $710 million, compared with an operating loss of $166 million in the prior-year quarter. Net income from continuing operations was $469 million.

1. 01

   Las Vegas Sands said net revenue for Q4 2023 was $2.92 billion, up 161.0% from a year earlier. It said operating income was $710 million, compared with an operating loss of $166 million in the prior-year quarter. Net income from continuing operations was $469 million.

2. 02

   The company said consolidated adjusted property EBITDA for Q4 2023 was $1.20 billion, compared with $222 million in the prior-year quarter. It added that Macao adjusted property EBITDA was $654 million, and Marina Bay Sands adjusted property EBITDA was $544 million.

3. 03

   The company said it repurchased about 11 million shares at a weighted average price of $45.40 for $505 million during Q4 2023, and that the remaining amount authorized under its share repurchase program was $1.50 billion. It also entered into an agreement to purchase about $250 million of SCL common stock, which it said will be completed in the first half of 2024.

4. 04

   The company said unrestricted cash was $5.11 billion as of December 31, 2023, and total debt outstanding, excluding finance leases and financed purchases, was $14.01 billion. Capital expenditures for Q4 2023 totaled $325 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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