LAS VEGAS SANDS CORP
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
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FY2025 · Filed Feb 6, 2026
LVS$40.82+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In millions,except par value) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,841 | $3,650 |
| Accounts receivable, net of provision for credit losses of $225 and $186 | 742 | 417 |
| Inventories | 46 | 41 |
| Prepaid expenses and other | 203 | 182 |
| Total current assets | 4,832 | 4,290 |
| Loan receivable | 1,264 | 1,264 |
| Property and equipment, net | 11,673 | 11,993 |
| Restricted cash and cash equivalents | 125 | 125 |
| Deferred income taxes, net | 160 | 122 |
| Leasehold interests in land, net | 2,907 | 2,002 |
| Goodwill and intangible assets, net | 573 | 545 |
| Other assets, net | 386 | 325 |
| Total assets | $21,920 | $20,666 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $190 | $164 |
| Construction payables | 160 | 263 |
| Other accrued liabilities | 2,359 | 1,985 |
| Income taxes payable | 385 | 229 |
| Current maturities of debt | 1,128 | 3,160 |
| Total current liabilities | 4,222 | 5,801 |
| Other long-term liabilities | 934 | 925 |
| Deferred income taxes | 174 | 188 |
| Debt | 14,656 | 10,592 |
| Total liabilities | 19,986 | 17,506 |
| Commitments and contingencies (Note 16) | ||
| Equity: | ||
| Preferred stock, $0.001 par value, 50 shares authorized, zero shares issued and outstanding | — | — |
| Common stock, $0.001 par value, 1,000 shares authorized, 840 and 834 shares issued, 675 and 716 shares outstanding | 1 | 1 |
| Treasury stock, at cost, 165 and 118 shares | (9,028) | (6,759) |
| Capital in excess of par value | 6,159 | 6,245 |
| Accumulated other comprehensive income (loss) | 71 | (58) |
| Retained earnings | 4,387 | 3,455 |
| Total Las Vegas Sands Corp. stockholders’ equity | 1,590 | 2,884 |
| Noncontrolling interests | 344 | 276 |
| Total equity | 1,934 | 3,160 |
| Total liabilities and equity | $21,920 | $20,666 |
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