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Las Vegas Sands logoLas Vegas Sands LVS

The company said in an amended Form 8-K/A for 8-K/A that it corrected its full-year 2023 basic weighted average common shares outstanding from 752 million to 763 million and its diluted weighted average common shares outstanding from 754 million to 765 million, and revised its basic and diluted earnings per share from $1.62 to $1.60.

8-K/AResults of Operations and Financial Condition (amended)Amended filingFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said in an amended Form 8-K/A for 8-K/A that it corrected its full-year 2023 basic weighted average common shares outstanding from 752 million to 763 million and its diluted weighted average common shares outstanding from 754 million to 765 million, and revised its basic and diluted earnings per share from $1.62 to $1.60.

  2. The company said net revenue for Q4 2023 was $2.92 billion, up 161.0% from the prior-year quarter, with operating income of $710 million and net income from continuing operations of $469 million.

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

  4. The company said it repurchased $505 million of its stock in Q4 2023, with $1.50 billion remaining under its authorization. It also said it entered into an agreement to buy approximately $250 million of SCL common stock to be completed in the first half of 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Corrects Amendment 8-K/A: Updates Weighted Average Shares and Per-Share Earnings

The company said in an amended Form 8-K/A for 8-K/A that it corrected its full-year 2023 basic weighted average common shares outstanding from 752 million to 763 million and its diluted weighted average common shares outstanding from 754 million to 765 million, and revised its basic and diluted earnings per share from $1.62 to $1.60.

Source · Based on the filing body and exhibits

Q4 2023 Net Revenue, Operating Income and Net Income

The company said net revenue for Q4 2023 was $2.92 billion, up 161.0% from the prior-year quarter, with operating income of $710 million and net income from continuing operations of $469 million.

Source · Based on the filing body and exhibits

Q4 2023 Adjusted Property EBITDA, Macao and Marina Bay Sands

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

Source · Based on the filing body and exhibits

Shareholder Returns: Share Repurchases and SCL Stock Purchase Agreement

The company said it repurchased $505 million of its stock in Q4 2023, with $1.50 billion remaining under its authorization. It also said it entered into an agreement to buy approximately $250 million of SCL common stock to be completed in the first half of 2024.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.