AI English summary of an SEC filing — figures as filed
Las Vegas Sands LVSThe company reported net revenue of $2.76 billion, net income of $424 million and consolidated adjusted property EBITDA of $1.07 billion for the quarter ended June 30, 2024. In the prior-year quarter, net revenue was $2.54 billion, net income was $368 million and consolidated adjusted property EBITDA was $973 million.
Key points
AI summaryThe company reported net revenue of $2.76 billion, net income of $424 million and consolidated adjusted property EBITDA of $1.07 billion for the quarter ended June 30, 2024. In the prior-year quarter, net revenue was $2.54 billion, net income was $368 million and consolidated adjusted property EBITDA was $973 million.
Las Vegas Sands said adjusted property EBITDA was $561 million in Macao and $512 million at Marina Bay Sands for the quarter. The company said rolling play hold negatively affected Macao adjusted property EBITDA by $4 million and positively affected Marina Bay Sands adjusted property EBITDA by $64 million.
The company said it repurchased about 9 million shares of common stock at a weighted average price of $45.77, for a total of $400 million during the quarter, and that $645 million remained available under its share repurchase program. It paid a quarterly dividend of $0.20 per share.
Las Vegas Sands said it issued three series of senior unsecured notes totaling $1.75 billion on May 16, 2024. It said it used the net proceeds and cash on hand to redeem in full the outstanding $1.75 billion 3.200% notes. As of June 30, 2024, unrestricted cash was $4.71 billion and total debt was $13.72 billion.
Summary
AI-writtenAnalysis 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.
Las Vegas Sands Reports Q2 Net Revenue, Net Income and Adjusted Property EBITDA
The company reported net revenue of $2.76 billion, net income of $424 million and consolidated adjusted property EBITDA of $1.07 billion for the quarter ended June 30, 2024. In the prior-year quarter, net revenue was $2.54 billion, net income was $368 million and consolidated adjusted property EBITDA was $973 million.
Source · Based on the filing body and exhibits
Macao and Marina Bay Sands Adjusted Property EBITDA
Las Vegas Sands said adjusted property EBITDA was $561 million in Macao and $512 million at Marina Bay Sands for the quarter. The company said rolling play hold negatively affected Macao adjusted property EBITDA by $4 million and positively affected Marina Bay Sands adjusted property EBITDA by $64 million.
Source · Based on the filing body and exhibits
Share Repurchases, Dividend and Remaining Authorization
The company said it repurchased about 9 million shares of common stock at a weighted average price of $45.77, for a total of $400 million during the quarter, and that $645 million remained available under its share repurchase program. It paid a quarterly dividend of $0.20 per share.
Source · Based on the filing body and exhibits
Senior Notes Issuance, Redemption and June 30 Liquidity
Las Vegas Sands said it issued three series of senior unsecured notes totaling $1.75 billion on May 16, 2024. It said it used the net proceeds and cash on hand to redeem in full the outstanding $1.75 billion 3.200% notes. As of June 30, 2024, unrestricted cash was $4.71 billion and total debt was $13.72 billion.
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.
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