Created by EDGAR Online, Inc. Las Vegas Sands Corp Table - of - Contents Form Type: 10-K Period End: Dec 31, 2018 Date Filed: Feb 22, 2019

Created
LAS
Form VEGAS
Period by Feb
Type: EDGAR
SANDS
Table_Of_Contents
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Table
TABLE1
TABLE2
NAME Of
AND
Dec
Contents 31,2019
22,
Contents 2018
-----------------------------------------------------------------------------------
TITLE
TABLE3
TABLE4
TABLE5
TABLE6
TABLE7
TABLE8
TABLE9
TABLE10
TABLE11
TABLE12
TABLE13
TABLE14
TABLE15
TABLE16
TABLE17
TABLE18
TABLE19
TABLE20
TABLE21
TABLE22
TABLE23
TABLE24
TABLE25
TABLE26
CASH
TABLE27
TABLE28
BALANCE FLOW SHEET EQUITY
INCOME
TABLE29
STOCKHOLDERS
CASH
TABLE30
TABLE31
TABLE32 STATEMENT
FLOW2
TABLE33
TABLE34
TABLE35
TABLE36
TABLE37
TABLE38
TABLE39
TABLE40
TABLE41
TABLE42
TABLE43
TABLE44
TABLE45
TABLE46
TABLE47
TABLE48
TABLE49
TABLE50
TABLE51
TABLE52
TABLE53
TABLE54
TABLE55
TABLE56
TABLE57
TABLE58
TABLE59
TABLE60
VALUATION
INCOME
TABLE61
TABLE62
TABLE63
TABLE64
TABLE65 AND QUALIFYING ACCOUNTS
STATEMENT2
TABLE66
TABLE67
TABLE68
TABLE69
TABLE70
TABLE71
TABLE72
TABLE73
TABLE74
TABLE75
TABLE76
TABLE77
TABLE78
TABLE79
TABLE80
TABLE81
TABLE82
TABLE83
TABLE84
TABLE85
TABLE86
TABLE87
TABLE88
TABLE89
TABLE90
SUBSIDIARIES
Created
LAS
FormVEGAS
TABLE1
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
(Exact 2018
name LAS
of VEGAS SANDS
registrant CORP. Identification
Nevada
(State or other
incorporation
3355Vegas,
Las Las
(Address orjurisdiction
Vegas
of NevadaBoulevard
principal executive offices)as specified in its
ofSouth
organization) charter)
27-0099920
(IRS
(Zip Employer
Code) No.)89109
Created
LAS
FormVEGAS
TABLE2
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
Portions
be2019
used of2018
Description
in the definitive
connection
Annual Meeting ofDOCUMENTS
ofwith
document
Proxy
theStatement INCORPORATED
registrant'sto
Stockholders Part III BYForm
of (Item
the REFERENCE
10-K Item 14)
10 through
Created
LAS
Form by Feb
VEGAS EDGAR
NAME_AND_TITLE
PeriodType: SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Mall Name
Shoppes
Shoppes
Dec
Contents 31,2019
22,
at Cotai
at
2018
Venetian
Central Total GLA(1)
813,376(2)
519,681(3)
Shoppes at Parisian
Four Seasons
The Shoppes at Marina Bay Sands 295,915
606,362(4) 241,548
____________________
Selected
Zara,
Rolex,
Beauté,
Marks
Armour,
M, &
Apple Significant
Victoria's
H&M, Michael
Lululemon
Spencer,
Omega, Tenants
Secret,
Kid's
Nike, Uniqlo,
Kors,
Cavern,
Chow Piaget,
Bvlgari,
Tai Chanel
Zara,
Fook, Under
Lady
Alexander
Maje,
Cartier,
Gucci,
Piana,
Louis Dior,
SaintMcQueen,
Sandro,
Chanel, Zadig
Louis
Versace,
Vuitton,
Burberry, Laurent
Chanel,
Dior, &Isabel
Zegna,
Paris
Prada,Marant,
Voltaire,
Vuitton, Paul
Hermès,
Berluti,
Gucci, Lanvin,
Smith
Loro
Zara,
Armani, Dolce &Cartier,
Gabbana Moncler, Hermès,
Created
LAS
Form by Feb
VEGAS
TABLE3
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Category
Fashion 31,2019
22,
(luxury, 2018 Square Feet 863,721 % of
Square Feet 38%
men's, mixed)
Restaurants
Multi-Brands
Fashion and women's,
accessorieslounges 422,546
251,247 18%
11%
footwear
Lifestyle,
Health
Banks and
andsports
entertainment
Jewelry beautyand and
services
164,017
192,957
167,050
84,281
46,278
7%
8%
7%
4%
Home
Arts
Total furnishing
electronics
Specialty
and foods
gifts and 46,016
39,336
15,832
2,293,281 2%
1%
100%
Representative
Louis
North,
Duty Vuitton,
Versace,
Hermès
Bambu, Chanel,
Lei
Café
Free Tenants
Dior,
Garden,
Deco
Americas, Gucci,
Fendi,
Ce La Vi,
TheKors,
Atrium
Coach,
Tumi,
Stuart Salvatore
Rimowa,
Weitzman
Manchester
Ferrari,
Armour Ferragamo,
Michael
United,
Lululemon, Adidas,
Under
Bvlgari,
Rolex,
Sephora,
Bank
Apple,of Omega,
Tiffany
The
China,
Samsung,
Godiva, Cold & Cartier,
Co.
Body
ICBC Shop,
Zara
Storage Home Sa Sa
Specialty,
Venchi
Emporio diHaagen
Gondola Dazs,
Created
LAS
Form by Feb
VEGAS
TABLE4
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Performance
The
with the 31,
22, 2018
2019
Graph
following performance
performance of ofgraph
the compares
Standard the
& Poor's performance
500 ofthe
our common stock
Gambling
the
period,
this Index,
changes is during
assuming
graph
[[Image in value the five
an
allnecessarily
dividends
notIndex
Removed: years
initial
are ended
$100
reinvested.
indicative of TheIndex
December
$ investment
future
chart-bf38567ed5715cabb90.jpg]] over
stock
stock and
31, 2018.
the
price
$price
Dow
The
indicatedJones
graph
time
performance
performance. US
plots
in
$ Cumulative
Las Vegas
S&P Jones
Dow Sands
500 US Gambling Corp. $ 12/31/2013
100.00 12/31/2014 81.06 12/31/2015
75.99
113.68 62.15 Total Return
60.41
115.24
Cumulative Total
$ Return
12/31/2016
79.67 12/31/2017
77.77
129.02 $ 157.17 12/31/2018
105.94
111.65 $ 83.09
150.27
77.47
Created
LAS
FormVEGAS
TABLE5
Period by Feb
Type: EDGAR
SANDS
10-K 31,Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
STATEMENT
DATA
22, 2018
OF2019
OPERATIONS 2018(1) 2017(2) (In millions, except per share data)
Net revenues
Operating
Interest
amounts
Other expenses
income
income
expense,
capitalized
income net
(expense)of $ 13,729
9,978
3,751
59
(446)
26 $ 12,728
9,264
3,464
16
(327)
(94)
Loss
early
Income
taxes
benefiton modification
retirement
before
tax income
(expense) or
of debt (64)
3,326
(375)
2,951 (5)
3,054
209
3,263
Net
to
Net
to income
income
Las Vegas attributable
noncontrolling
interests attributable
Sands (538) (455)
Per
Basic
share
Cash
per
OTHERshare
Diluted
Capital
data:
earnings
earnings
dividends
common DATA declared $ $
per
share(5)
expenditures
Corp.
share
per $
$
2,413
3.07
3.00
949 $
$ 2,808
3.55
2.92
837
Year Ended except
2016(3)
(In
$ millions, December 31, 11,271
per share data)
8,769 $ 2015
11,688
8,847 2014(4)
$ 14,584
10,485
2,502
10
(274)
31
(5) 2,841
15
(265)
31
- 4,099
26
(274)
2
(20)
2,264
(239)
2,025
(346) 2,622
(236)
2,386
(420) 3,833
(245)
3,588
(747)
$ 1,679
2.11
2.88 $ 1,966
2.47
2.60 $
$ 2,841
3.52
2.00
$ 1,398 $ 1,529 1,179
Created
LAS
FormVEGAS
TABLE6
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 2018(6) December
2017 (In 31,
2016
BALANCE
Total
Corp.
equityassets
Long-term
Las SHEET
debt
Vegas DATA
Sands
stockholders' $
$ 22,547
11,874
5,684 $
$ 20,687
9,344
6,486 $ millions)
$ 20,469
9,428
6,177
_________________________
$ 2015 $
20,863
9,249 2014
22,207
9,746
$ 6,817 $ 7,214
Created
LAS by Feb
VEGAS
TABLE7
Form Type: EDGAR
SANDS Online,
CORP Inc.
Period
Date
Table Our10-K
OfEnd:
Filed: Dec
Contents
Operating 31,2019
22,
Revenues
net 2018
revenues consisted of the following:9,819
Casino
Rooms
Food
Mall and
Convention,beverage
retail
Total net revenues and other $
$ 865 Year
2018
1,733
690
622
13,729 $
$
Ended
(Dollars December 31, 9,086
in millions) 2017
1,586
651
577
12,728
Percent
828 Change
8.10%
9.30%
4.50%
6.00%
7.80%
7.90%
Created
LAS
FormVEGAS
TABLE8
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Macao
The
Dec
Contents 31,2019
22,
Operations:
Venetian Macao
2018 2018 Year
(Dollars Ended December
in millions) 2017 (0.531,
Change
Totalhandle
casino
Non-Rolling
Rolling
Slot Chip
hold revenues
Chip
volume
win drop
win percentage
percentage
percentage $
$ 2,829
9,068
24.70%
32,148
3.55%
3,303
4.60% $
$ 2,362
7,399
25.20%
26,239
3.34%
2,929
5.30% (0.7 19.80%
22.60%
)pts
22.50%
0.21 pts
12.80%
)pts
Sands
Total
Rolling Cotai
casino
Non-Rolling
Chip
handle Central
revenues
Chip
volume
win droppercentage
win
percentage $
$ 1,622
6,722
21.40%
10,439
3.59%
4,811 $
$ 1,433
5,996
20.70%
10,621
3.09%
4,802 (1.7 13.20%
12.10%
0.70
0.50 pts
)%
0.20%
Slot
Totalhold
The percentage
Parisian
casino
Non-Rolling Macao
revenues
drop $ 3.90%
1,265
4,323 $ 4.10%
1,120
3,973 (0.2 )pts
12.90%
8.80%
Slot hold percentage percentage
Rolling Chip
handle Chip
volume
win win
percentage $ 21.10%
19,049
3.19%
4,837
2.90% $ 19.60%
18,275
3.14%
3,729
3.30% (0.4 1.50
4.20%
0.05 pts
29.70%
)pts
Created
LAS
FormVEGAS
TABLE9
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
TheOfEnd:
Filed:
TotalPlaza
Dec
Contents
casino
31,2019
22,
Macao
2018
andpercentage
revenues Four Seasons Hotel Macao $ Year
2018
502Ended
$ December in 31,
2017
(Dollars391 millions)
Non-Rolling
Rolling Chip
handle Chip
volume
win drop
win
percentage $ 1,365
24.90%
13,100
2.95%
565 1,284
22.70%
10,040
2.59%
Slot
Sands
Totalhold
Rolling
Slot
percentage
Macao
casino
Non-Rolling
Chip
handle
hold revenues
Chip
volume
win droppercentage
win
percentage
percentage $
$ 598 $
6.10%
2,565
18.40%
5,705
3.12%
2,569
3.10% $
$ 436
7.40%
574
2,457
19.00%
4,309
2.79%
2,420
3.30%
Singapore
Marina Bay
Totalhandle
casino
Non-Rolling
Rolling ChipOperations:
Sands
revenues
Chip
volume
win drop(1)
win percentage(1)
percentage $
$ 2,178 $
5,352
20.00%
27,164
3.50% $ 2,333
5,270
20.20%
34,994
3.52%
Slot
U.S.
Las
Total
Tablehold percentage
Operations:
Vegas
casino
gamesOperating
revenues
drop Properties $ 14,578
4.50%
357
1,866 14,153
4.40%
380
Slot
Tablehandle
Slot hold
Sands
Total games
handle
hold
win
win percentage
percentage
Bethlehem
casino revenues
drop
percentagepercentage $ 468 $
15.00%
2,787
8.30%
1,134
17.90%
4,795
6.40% $ 1,567
19.00%
2,603
8.50%
493
1,123
20.10%
4,715
6.50%
_________________________
December
(Dollars in 31,
Change
millions)
28.40%
6.30%
2.20
(1.3 30.50%
0.36
29.60%
4.20%
4.40% pts
)pts
(0.6 )pts
(6.632.40%
(0.2
(0.2
(22.4
(0.02
0.33
6.20%
1.60%
3.00%
0.10
pts
)pts
)%
)%
)pts
pts
(6.1
(4.0
(0.2
(5.1 19.10%
7.10% )%
)pts
)%
(0.1 1.00%
(2.2 1.70% )pts
Created
LAS
FormVEGAS
TABLE10
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 Year 95.90%
Ended
Macao
The
Total
Revenue
Sands
Total
Operations:
Venetian
room
Occupancy
Average per
Cotai
room
Occupancy
Macao
revenues
rate
daily room rate
available
Central
revenues
rate (ADR)
room (RevPAR) $
$ 223 December
2018
(Room
225
216
331
94.80%
revenues
$
$
31,
in 2017
millions)
179
91.40%
214
196
291
86.60%
Average
Revenue
The
Total
Occupancy
Average
Revenue daily
per
Parisian
room rate
daily
per room
Macao
revenues
room rate
available
rate
available (ADR)
room (RevPAR)
(ADR)
room (RevPAR) $ 157
149
124
96.30%
155
149 $
$ 149
129
128
90.40%
141
128
The
TotalPlaza
room
Occupancy
Average
Revenue
Sands
Total Macao
revenues
rate
daily
per
Macao
room room
revenues and Four
rate
available Seasons
(ADR)
room Hotel Macao
(RevPAR) $
$ 39
88.70%
323
286
17 $ $ 34
82.10%
343
281
19
Occupancy
Average
Revenue
Singapore
Marina
Total Bay
room
Occupancy rate
daily
per room
Operations:
Sands
revenues
rate rate
available (ADR)
room (RevPAR) $
$ 98.60%
164
162
393
96.70% $
$ 97.70%
188
184
358
95.50%
Average
Revenue
U.S.
Las
Total daily
per
Operations:
Vegas
room
Occupancy room
Operating
revenues rate
available (ADR)
room (RevPAR)
Properties $
$ 441
426
590 $
$ 425
406
561
Average
Revenue perrate
daily room rateroom
available (ADR)
(RevPAR) $ 94.60%
243
230 $ 93.90%
238
223
Change
nues in millions)
4.5 24.60%
pts5 .10%
8.2 10.20%
13.70%
pts5 .40%
15.50%
5.9 -3.10%
6.6 pts9 .90%
16.40%
14.70%
pts
0.9 -5.80%
pts1.80%
-10.50%
-12.80%
-12.00%
1.2 pts9.80%
3
2.80%
4.90%
5.20%
0.7 pts3.10%
.10%
Created
LAS
Form by Feb
VEGAS
TABLE11
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands
Total
Occupancy
Average
Dec
Contents 31,2019
22,
Bethlehem
room revenues
rate
daily
Revenue room
2018
rate (ADR)
per available 16 $
92.80%
$ $ 151
room (RevPAR) 163 $ 16 (0.4
93.20%
161
150 - 0.70%
)pts
1.20%
Created
LAS
FormVEGAS
TABLE12
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Macao
Shoppes
Dec
Contents 31,2019
22,
Operations:
at
2018
Venetian 2018 (Mall revenues in millions)
Total
Mall
Tenant
Shoppes
Total mall
gross
Occupancy
Base rent revenues
leasable
per
sales
mallat square
per
Cotai
revenues area (in
foot
square foot
Central(1) square feet) $
$ 233
813,376
90.30%
263
1,746
69
Mall
Base
Tenantgross
Occupancy
Shoppes
Total
Mall rent
mall
grossatleasable
per
sales square
per
revenues
leasable area
square
Parisianarea (in
foot
foot
(in square
square feet)
feet) $ 519,681
91.50%
108
892
57
295,915
Occupancy
Base
Tenant
Shoppes
Total
Mall rent
mall
gross
Occupancy per
sales
at square
per
Four
revenues foot
square
Seasons
leasable area foot
(in square feet) $
$ 89.80%
156
649
145
241,548
99.00%
Base rent per square foot
Tenant sales per square foot $ 460
4,373
Year
$ Ended
(Mall December
revenues 31,786,429
in millions) 2017
220 Change5.90%
3.40%
$ 97.20%
247
1,389
63
424,309
93.50% (6.9
(2.0 6.50%
25.70%
9.50%
22.50% )pts
)pts
$
$ 113
744
66
300,218
93.40%
218 (4.4
(13.6
(1.4
(3.6
(28.419.90% )%
)%
)pts
)%
$
$ 574
131
257,859
99.60%
456
3,500 (0.6 13.10%
(6.310.70%
0.90%
24.90% )%
)pts
Created
LAS
Form by Feb
VEGAS
TABLE13
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
TheOfEnd:
Filed: Dec
Contents
Singapore 31,Marina
22, 2018
2019
Operations:
BaseShoppes
Total
Mall mall
gross
Occupancy
Tenant rent per
sales at
revenues
leasable
square
per area Bay
foot
square footSands feet)
(in square $
$ 179
258 $
606,362
95.40%
1,898 $ 167
604,449
96.40%
244
1,590
_________________________
7.20%
0.30%
(1.019.40%
)pts
5.70%
Created
LAS
Form by Feb
VEGAS
TABLE14
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
OurOfEnd:
Filed: Dec
Contents
Operating 31,
22,
Expenses
operating 2018
2019
expenses consisted of the following: Year Ended December 31,
2018
Casino
Rooms
Food
Mall and
Convention,
Provision
General beverage
and retail and
doubtful other
for administrative
accounts $ 5,448
438
673
79
336
5
1,483
Corporate
Pre-opening
Development
Depreciation
Amortization
Loss
Total on and
of
disposal
operating amortization
leasehold
or interests
impairment
expenses in land
of assets $ 202
6
12
1,111
35
150
9,978
Year Ended
$ December
(Dollars 31, 4,876
in millions) 2017
411
640 Percent
Change
11.70%
6.60%
5.20%
77
325
96
1,417
173
8
13 2.60%
3.40%
-94.80%
4.70%
16.80%
-25.00%
-7.70%
$ 1,171
37
20
9,264 -5.10%
-5.40%
650.00%
7.70%
Created
LAS
FormVEGAS
TABLE15
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Macao:
Dec
Contents 31,2019
22, 2018 Year Ended December 31,
2018
The Plaza
Sands
The
Sands
FerryVenetian
Cotai
Parisian
Macao Macao
Central
Macao
Macao
Operations and
and Four Seasons Hotel Macao
Other $ 1,378
759
484
262
178
18
3,079
Marina
United
Las
Sands BayOperating
Sands
States:
Vegas adjustedProperties
Bethlehem
Consolidated property EBITDA(1) $ 1,690
394
116
510
5,279
_________________________
Year Ended
$ December
(Dollars 31, 1,133
in millions) 2017
633 Percent
Change
21.60%
19.90%
413
233
174
21
2,607
1,755 17.20%
12.40%
2.30%
-14.30%
18.10%
-3.70%
$ 391
147
538
4,900 0.80%
-21.10%
-5.20%
7.70%
Created
LAS
FormVEGAS
TABLE16
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Interest cost
31,2019
22, 2018
deferred
Add Shoppes
The
Less --paid
Interest
Cash
Weighted for(which
financing
imputed at
capitalized
expense, The includes
costs
interest
net
interest
average on and
Palazzo
interest
total debt
interest
the amortization
original
deferred
balance
rate
of sale of
issue discounts)
proceeds from
Year Ended
(Dollars
$ December 31,
in millions) 2018
434 2017
$ (3) $
15
446
329
10,992
4.00% $ 314
15
(2)
327
271
9,909
3.20%
Created
LAS
FormVEGAS
TABLE17
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018 Year Ended December 31, 7,886
Casino
Rooms
Food
Mall andrevenues
Convention,
Total net beverage
retail and other $
$
2017
9,086
1,586
828
651
577
12,728 (Dollars
$
$ in millions) 747 Percent
2016
1,499
591
548
11,271
Change
15.20%
5.80%
10.80%
10.20%
5.30%
12.90%
Created
LAS
FormVEGAS
TABLE18
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Macao
The
Dec
Contents 31,2019
22,
Operations:
Venetian Macao
2018 2017
Totalhandle
casino
Non-Rolling
Rolling
Slot Chip
hold revenues
Chip
volume
win drop
win percentage
percentage
percentage $
$ 2,362
7,399
25.20%
26,239
3.34%
2,929
5.30%
Sands
Total
Rolling Cotai
casino
Non-Rolling
Chip
handle Central
revenues
Chip
volume
win droppercentage
win
percentage $
$ 1,433
5,996
20.70%
10,621
3.09%
4,802
Slot
Totalhold
The percentage
Parisian
casino
Non-Rolling Macao
revenues
Chip drop
win $ 4.10%
1,120
3,973
Rolling
Slot
The
Total Chip
handle
hold
Plaza
casino
Non-Rolling
Rolling Chip
handle
volume
win
percentage
Macao andpercentage
percentage
revenues
Chip
volume
win drop
win Four Seasons Hotel Macao
percentage
percentage
$
$
$
19.60%
18,275
3.14%
3,729
3.30%
391
1,284
22.70%
10,040
2.59%
436
Slot
Sands
Totalhold percentage
Macao
casino
Non-Rolling revenues
drop $ 7.40%
574
2,457
Slot hold percentage percentage
Rolling Chip
handle Chip
volume
win win
percentage $ 19.00%
4,309
2.79%
2,420
3.30%
$ Year
in millions)2,286
6,856 31,7.90%
2016 Change3.30%
$ 25.20%
28,851
3.23%
3,790
4.50%
1,471 (9.1
(22.7
(2.6 -
0.11
0.80 pts
)%
)%
$
$ 5,992
20.20%
12,329
3.41%
5,794
3.60% (13.9
(0.32
(17.1 0.10%
0.50
0.50 pts
)pts
)%
pts
$
$ 315
1,085
18.50%
4,061
4.24%
974
4.50% 255.60%
266.20%
1.10
350.00%
(1.10
282.90%
(1.2 pts
)pts
$
$ 392
414 (0.3
1,114
21.90%
9,004
3.09%
6.20% (0.5015.30%
0.80
11.50%
5.30%
1.20 )%
pts
)pts
pts
$
$ 614
2,628
18.60%
7,014
2.48%
2,583
3.40% (6.5
(38.6 0.40
(0.1 0.31
(6.3 )%
pts
)%
)pts
Created
LAS
FormVEGAS
TABLE19
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Singapore
Marina
Dec
Contents
Bay
31,2019
22, 2018
Operations:
Sands 2017 Year
in millions) 2016 (0.931,
Change
Totalhandle
casino
Non-Rolling
Rolling
Slot Chip
hold revenues
Chip
volume
win drop(1)
win percentage(1)
percentage
percentage $
$ 2,333
5,270
20.20%
34,994
3.52%
14,153
4.40% $
$ 1,965
5,231
21.10%
31,887
2.65%
13,441
4.50% (0.1 0.87 18.70%
0.70%
9.70%
5.30%
U.S.
Las
Total
Table Operations:
Vegas
casino
gamesOperating
revenues
drop
win Properties $ 380
1,567 $ 359
1,692 (7.4 5.80%
Slot
Sands
Total
Slot
handle
Tablehold
games
handle
hold droppercentage
percentage
Bethlehem
casino revenues
win
percentagepercentage $
$
19.00%
2,603
8.50%
493
1,123
20.10%
4,715
6.50% $
$
17.30%
2,589
8.50%
484 (0.1 1.70
1,124 (0.3
19.30%
4,516
6.80%
0.50%
-
0.801.90%
4.40%
_________________________
Change
18.70%
0.70%
)pts
9.70%
pts
5.30%
)pts
5.80%
)%
pts
0.50%
1.90%
)%-
pts
4.40%
)pts
Created
LAS
FormVEGAS
TABLE20
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 Year Ended
2017 December86.00%
31,
2016
Macao
The
Average
Revenue Operations:
TotalVenetian
room
Occupancy Macao
revenues
rate
daily
per room rateroom
available (ADR)
(RevPAR) $ $ (Room91.40%
revenues
179
214 177 Change
196 $ in millions)
208
179 1.10%
5.4 pts
2.90%
9.50%
Created
LAS
Form by Feb
VEGAS
TABLE21
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands
Total
Occupancy
Average
Revenue
Dec
Contents
Cotai
room 31,2019
22,
rate
daily
per room
2018
Central
revenues rate
available (ADR)
room (RevPAR) $
$ 291
86.60%
149
129 $
$ 267
82.20%
145
119
The
Total
The
TotalParisian
room
Occupancy
Average
Revenue
Plaza
roomdaily
per Macao
revenues
rate
room rate
available
Macao
revenuesand (ADR)
room
Four (RevPAR)
Seasons Hotel Macao $ 128
90.40%
141
128
34 $ 36
90.50%
136
123
36
Occupancy
Average
Revenue
Sands
Total
Average Macao
room
Occupancy rate
daily
per room
revenues
rate
daily room rate
available
rate (ADR)
room (RevPAR)
(ADR) $ 82.10%
343
281
19
97.70%
188 $ 75.30%
355
268
20
97.10%
199
Revenue
Singapore
Marina
Total Bay
room
Occupancy
Average
Revenue per available
Operations:
Sands
revenues
rate
daily
per room rate
available room (RevPAR)
(ADR)
room (RevPAR) $
$ 184
358
95.50%
425
406 $
$ 193
376
97.30%
418
406
U.S.
Las
Total Operations:
Vegas
room
Occupancy
Average Operating
revenues
rate
daily room Properties $ 561
93.90% $ 572
93.50%
Revenue
Sands
Total
Occupancy
Average
Revenue per room rate
available
Bethlehem
room revenues
rate
daily
per available (ADR)
rateroom (RevPAR)
(ADR)
room (RevPAR) $
$ 238
223
16
93.20%
161
150 $
$ 240
224
15
94.50%
160
151
(0.1 9.00%
4.40
2.80%
8.40%
255.60% pts
)pts
(5.6
(3.4 3.70%
4.10%
6.80
4.90% pts
)%
(5.0
(5.5
(4.7
(4.8 0.60 )%
pts
)%
)%
(1.8
(1.9 1.70%
-
0.40 )pts
)%
pts
(0.8
(0.4 6.70%
(1.3 0.60%
(0.7 )%
)pts
)%
Created
LAS
FormVEGAS
TABLE22
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Macao
Shoppes
Dec
Contents 31,2019
22,
Operations:
at
2018
Venetian 2017 (Mall revenues in millions)
Total
Mall
Tenant
Shoppes
Total mall
gross
Occupancy
Base rent revenues
leasable
per
sales
mallat square
per
Cotai
revenues area
foot
square (in
foot
Central(1) square feet) $
$ 220
786,429
97.20%
247
1,389
63
Mall
Base
Tenantgross
Occupancy
Shoppes
Total
Mall rent
mall
grossatleasable
per
sales square
per
revenues
leasable area
foot
square
Parisian(2)
area (in
foot
(in square
square feet)
feet) $ 424,309
93.50%
113
744
66
300,218
Occupancy
Base
Tenant
Shoppes
Total
Mall rent
mall
gross
Occupancy per
sales
at square
per
Four
revenues foot
square
Seasons
leasable area foot
(in square feet) $
$ 93.40%
218
574
131
257,859
99.60%
Base
Tenant
Total
Mall rent
Singapore
The Shoppes
mall
gross
Occupancy per
sales square
per
revenues foot
square
Operations:
at Marina
leasable area foot
Bay
(in Sands
square feet) $
$ 456
3,500
167
604,449
96.40%
Base rent
Tenant perper
sales square footfoot
square $ 244
1,590
_________________________
Year
$ Ended
(Mall December
revenues 31,777,413
in millions) 2016
209 Change 5.30%
1.20%
$ 97.60%
241
1,326
62
407,065
96.70% (0.4
(3.2 )pts
2.50%
4.80%
1.60%
4.20%
)pts
$ 128
882
23
299,778
92.60% 0.8 -11.70%
-15.60%
187.00%
0.10%
$
$
$
$
222
-
127
259,410
99.30%
452
3,004
166
612,567 0.3 pts
N/M -1.80%
3.10%
-0.60%
pts
0.90%
16.50%
0.60%
-1.30%
$ 98.30%
223
1,383 (1.9 )pts
9.40%
15.00%
Created
LAS
Form by Feb
VEGAS
TABLE23
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
OurOfEnd:
Filed: Dec
Contents
Operating 31,
22,
Expenses
operating 2018
2019
expenses consisted of the following: Year Ended December 31,
2017
Casino
Rooms
Food
Mall and
Convention,
Provision
General beverage
and retail and
doubtful other
for administrative
accounts $ 4,876
411
640
77
325
96
1,417
Corporate
Pre-opening
Development
Depreciation
Amortization
Loss
Total on and
of
disposal
operating amortization
leasehold
or interests
impairment
expenses in land
of assets $ 173
8
13
1,171
37
20
9,264
Year Ended
$ December
(Dollars 31, 4,365
in millions) 2016
370
584 Percent
Change
11.70%
11.10%
9.60%
64
303
173
1,287
256
130
9 20.30%
7.30%
-44.50%
10.10%
-32.40%
-93.80%
44.40%
$ 1,111
38
79
8,769 5.40%
-2.60%
-74.70%
5.60%
Created
LAS
FormVEGAS
TABLE24
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
at OfEnd:
Filed:
our
Dec
Contents
Macao
31,2019
22, 2018
and U.S. Note
December
The 2 -on
Loss
loss Summary
fordisposal
31,
operations. 2017,
the oforended
Significant
impairment
compared
year Accounting
of million
assets
to information
$79
December Policies
was
for
31, 2017, $20
the -million
yearProperty
ended
primarily for andtoyear
the Equipment").
December
related ended
31, 2016.
dispositions
Adjusted Property EBITDA
The following table summarizes related
Macao:
The
Sands
The
Sands
FerryVenetian
Cotai
Parisian
Plaza Macao
Central
Macao
Macao
Macao
Operations and
and Four
Other Seasons Hotel Macao $ to our segments:
Year Ended
2017
1,133
633
413
233
174
21
2,607
December 31,
Marina
United
Sands Bay Sands
States:
Las Vegas Operating
adjustedProperties
Bethlehem
Consolidated property EBITDA $ 1,755
391
147
538
4,900
s0oear
-million
Property
ended
marily
our for andtoyear
the Equipment").
December
related
segments: ended
31, 2016.
dispositions
Year Ended $ December
(Dollars 31, 1,089
in millions) 2016
616 Percent
Change4.00%
2.80%
115
221
172
32
2,245
1,395 259.10%
5.40%
1.20%
-34.40%
16.10%
25.80%
$ 356
143
499
4,139 9.80%
2.80%
7.80%
18.40%
Created
LAS
Form by Feb
VEGAS
TABLE25
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Interest 22,
Expense 31,2019
2018The following table summarizes
Interest
deferred
Add
The
Less - cost
Shoppes
-
Interest (which
financing
imputed at
capitalized
expense,
Cash paidaverage The includes
costs
interest
net
for interest on and the
deferred
Palazzo
interest amortization
original issue
proceeds of saleinformation
discounts)
from of related to interest expense:
Weighted total debt
interest balance
rate
elated to interest
Year expense:
Ended
(Dollars
$ December 31,
in millions) 2017
314 $ 2016
293
$ 15
(2) $
327
271
9,909
3.20% 15
(34)
274
248
9,746
3.00%
Created
LAS
FormVEGAS
TABLE26
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 Shoppes
Venetian at180 Shoppes
Seasons at Four 110 at
Shoppes Shoppes at42
For
Mall
CAM,the
December
direct
Total
Mall
year
revenues:
Minimum
Overage rents
levies
mall
ended
31, 2018
rents(1)
and
recoveries
revenues
operating
expenses: $ 21
32
233 $ 10
145 $ Cotai
25 (In Central
millions) 38
14
17
69
Parisian
$ 3
12
57
Common
maintenance area 15 6 7
Marketing
direct
Mall
Property
Provision
doubtful
expenses(3)
and
operating
operating
expenses other
taxes(2)
for
accounts
Mall-related $ -9
24
24 $9 - 3
9 3
10
-1 $ -6
4
10
1
For
CAM,the
December
Mall
direct
Total
Mall
year
revenues:
Minimum
Overagemallrents
levies ended
31, 2017
rents(1)
and
recoveries
revenues
operating
expenses:
Common area
$ 176
12
32
220 $ 113
1319 $$ 11
39
5 $
19
63
11
53
1
12
66
maintenance
Marketing
direct and other
operating 15 5 6 -6
Mall operating
expenses
Property
Provision
doubtful
expenses(3)
For the
December
Mall
Minimum
taxes(2)
Mall-relatedfor
accounts
year ended
31,
revenues: 2016
rents(1) $
$ -8
23
23
167 $9
$ -
114
4
9 $ 3
9
-1 $
10
5
11
2
13
Overage
CAM,
direct
Total
Mall
Common mallrents
levies and
recoveries
revenues
operating
expenses: area 10
32
209 10
1273 $ 44
4 $
14
62 17
-6
23
maintenance
Marketing
direct
Mall and other
operating
operating
expenses 15
-5
20 5
3 6
2 2
2
Property
Provision
doubtful
expenses(3)taxes(2)
for
accounts
Mall-related $ 3
23 $8 -8 $8 8
- $4 -4
The
at Shoppes
$ Marina Bay129
Sands 22 Total
28
179 $ 499
85
99
683
17
247
6 $ 51
26
77
6
$
$ -
30
123 2
85
26 $
18
167
15
504
45
98
647
47
$
$ -6
21
26
123
5 $
$
26
73
5
3
81
465
16
27
166 33
89
587
16
226
5 $ 44
18
62
$ 292 5
72
Created
LAS
FormVEGAS
CASH_FLOW
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Net
Cash cash
flows
Dec
Contents 22,31,2019
generated
from
2018
fromof
investing operating
activities:activities $ 2018
4,701
Capital
Proceeds
equipment
Cash expenditures
Acquisition
Net cash
flows
Proceeds from
of
used
from
from disposal
intangible
in investing
financing
exercise of property
assets
activities
activities:
stock and
options (949)
19
-
(930)
79
Repurchase
Dividends
Proceeds
Repayments
Payments
Net cash
Effect of from
of
used of
paid
ofin common
long-term
long-term
financing
exchange rate stock
debt
debt
costs
financing on activities
cash, cash (905)
(2,979)
7,593
(5,178)
(132)
(1,522)
equivalents
Increase
equivalents
Cash, cash and
(decrease) restricted
equivalents in cash,cash
cash
beginningandofcash
year (18)
2,231
2,430
and cash equivalents at and
end restricted
of year cash $ 4,661
Year
(In Ended December 31, 4,543
$ millions) 2017
(837) $ 2016
4,044
(1,398)
15
-
(822)
40
(375)
(2,943) -5
(47)
(1,440)
17
(2,924)
654
(858)
(5)
(3,487)
58 2,296
(1,987)
(33)
(2,631)
(22)
$ 292 $
2,138
2,430 (49)
2,187
2,138
Created
LAS
FormVEGAS
TABLE27
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Long-Term
2013 U.S.
Dec
Contents 31,2019
22,
Debt
Credit
2018
Obligations(2)
FacilityFacility $ 2019
35 2020 - $ 2021
70
SCL
2012 Senior
Capital
Fixed Notes
Singapore
Leases
Interest
Variable
Contractual
Operating Credit
Payments
Interest Payments(3)
Obligations
Leases(4) -
63
13
277
240
35 -3
126
555
470
51
Mall
Macao Deposits(5)
Other(7)
Total Annual Premium(6) $ 52
42
159
916 $ 68
85
177
1,605
_______________________
Payments
(InDue
2022 $by Period(1)
(2,023)
millions) - Thereafter
70
1,800
2,332
555
426
45
18
21
$ -- Total
3,310
3,700
563
698
179
294
11
$ 3,485
5,500
3,084
16
2,085
1,315
425
149
148
$ 65
5,332 $ 218
8,973 $ 619
16,826
Created
LAS
Form by Feb
VEGAS
TABLE28
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
ITEM Dec
Contents 31,2019
22, 2018
period8.
INDEX
Financial
Reports
years
period in
-of
TO
Consolidated
endedFINANCIAL
the
Consolidated
ended
FINANCIAL
Statements:
Independent
Balance
December
period
STATEMENTS
ended
Statements
December
STATEMENTS
Registered
Sheets
Statements of
31,
31, 2018 AND
Public
at December
Operations
Comprehensive
December
of Equity
2018
Cash 31,
for
Flows for
2018
each
for
SUPPLEMENTARY
Accounting
31,
each 2018
of
Income
of the
each the Firm
and
for
ofthree
the
2017
three
each
years
three of
DATA
years theinin
in the
years the
three
the
Notes to Consolidated
Financial
Schedule Statement Financial
Schedule:
II - Valuation and Statements
Qualifying Accounts
78
80
81
82
83
84
86
129
Created
LAS
Form by Feb
VEGAS
BALANCE_SHEET
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
LASOfEnd:
Filed:
VEGAS
CONSOLIDATEDDec
Contents 22,31,2019
SANDS 2018 CORP. AND
BALANCE SHEETSSUBSIDIARIES December
ASSETS
Current
Cash and
Restricted
Accounts assets:
Inventories cash
cash equivalents
and
receivable, cash
net equivalents (In par 31,
$ millions,
except 2018
value)4,648
13
726
35
Prepaid
Total
Property
Deferred
Leasehold
Intangible
Other expenses
current
and
income
assets, assets
interests
assets,
net and
equipment,
taxes,
netin other
net
net
land, net 144
5,566
15,154
368
1,198
72
189
Total assets
LIABILITIES
Current
Accounts
Construction
Other
Income accrued
taxes AND
liabilities:
payable
payables EQUITY
liabilities
payable $
$ 22,547
178
189
2,435
244
Current
Total
Deferred
Long-term maturities
Total current
Other long-term
income
amounts
debt
liabilities of
liabilities
taxeslong-term
liabilities
related debt
tovalue,
mall sale transactions 111
3,157
179
191
401
11,874
15,802
Commitments
Equity:
Preferred
authorized,
Common
shares stock,
zero
stock,
832
outstandingand contingencies
$0.001
shares
$0.001
and 831 par
issued
par value,
shares (Note
and 50 15)
shares
outstanding
1,000
issued, shares
775 and 789 -1
Treasury
Capital
Retained
Total in
Accumulated stock,
excess
Las earnings
Vegas
Noncontrolling
equity at
other cost,
of par 57 and
value
comprehensive
Sands
interests 42 shares
income
Corp. stockholders' (loss)
equity (3,727)
6,680
(40)
2,770
5,684
1,061
6,745
Total liabilities and equity $ 22,547
$ 2017
2,419
11
615
37
115
3,197
15,516
493
1,237
$
$ 89
155
20,687
171
152
2,076
261
296
2,956
147
206
407
9,344
13,060
-1
(2,818)
6,580
14
2,709
6,486
1,141
7,627
$ 20,687
Created
LAS
FormVEGAS
Period by Feb
Type: EDGAR
SANDS
INCOME_STATEMENT
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
LAS 2018
VEGAS SANDS
CONSOLIDATED CORP. ANDOF
STATEMENTS SUBSIDIARIES
OPERATIONS 2018
(In9,819
millions, except per share data)
Revenues:
Casino
Rooms
Food
Mall and
Convention,
Net revenuesbeverage
retail and other $ 1,733
865
690
622
13,729
Operating
Casino
Rooms
Food
Mall and
Convention,
Provision expenses:
beverage
for retail and
doubtful other
accounts 5,448
438
673
79
3365
General
Corporate
Pre-opening
Developmentand
Depreciation
Amortization
Loss on administrative
and
of
disposal amortization
leasehold
or interests
impairment of in land
assets 1,483
202
12
1,111
35
1506
Operating
Other
Interest
Other
Loss income
income
income
expense,
income
on (expense):
net or
(expense)
modification of amounts
early capitalized
retirement of 9,978
3,751
59
(446)
26
debt
Income
Net before
tax
income
interests income
(expense)
attributable taxes
benefit
to noncontrolling
Las Vegas Sands (64)
3,326
(375)
2,951
(538)
Corp.
Earnings
Basic
Diluted
Weighted
Basic
Diluted per share:shares
average outstanding: $ 2,413
3.07
786
Year
(In millions, Ended
$ except perDecember 31, 9,086
share data) 2017
1,586
828 $ 2016
7,886
1,499
747
651
577
12,728
4,876
411
640 591
548
11,271
4,365
370
584
77
325
96
1,417
173
8
13 64
303
173
1,287
256
130
9
1,171
37
20
9,264
3,464
16 1,111
38
79
8,769
2,502
10
(327)
(94)
(5)
3,054
209
3,263 (274)
31
(5)
2,264
(239)
2,025
$ (455)
2,808
3.55 (346)
1,679
792 $ 2.11
795
Created
LAS
FormVEGAS
TABLE29
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
LAS 2018
VEGAS SANDS CORP.
Total
CONSOLIDATED
Net income
Currency
tax
comprehensive
Comprehensive
noncontrolling
STATEMENTS
Vegas Sands Corp. adjustment,
after translation income
income
interests before
attributable andAND
OF
to Las
SUBSIDIARIES
COMPREHENSIVE $ INCOME2,951
$
2018
(58)
2,893
(534)
2,359
Year
$ millions) 2017
125 $
3,388 2016
2,025
(54)
1,971
$ (447)
2,941 $ (345)
1,626
Created
LAS
FormVEGAS
Period by Feb
Type: EDGAR
SANDS
STOCKHOLDERS_EQUITY
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 LAS VEGAS SANDSSTATEMENTS
CONSOLIDATED CORP. AND SUBSIDIARIES
Las OF EQUITY
Vegas Sands Corp.
Capital in Stockholders' Equity
Accumulated
Balance
1,
Net 2016
income
Currency
translation
adjustment
Exercise
options
Tax
at
of
shortfall
January
stock
from
Common- Treasury
Stock
$1 - $ Stock -- Excess
(2,443) Par
Value
$ of 6,485
-- Other
14
Comprehensive
Income
(In (Loss) (66)
$ millions) --
(53)
stock-based
compensation
Conversion
equity
liabilityawards
awards
Stock-based
compensation of to -
- -
- (11)
(1)
29 --
Dividends
($2.88
(Note
Balance per
11) declared
share) - - - -
December
Cumulative
adjustment
change
accounting
principle
Net inat 31,
income
Currency
translation
adjustment
2016
effect
from -
-
1 (2,443)-
-
6,516
-
- 3 (119)
133--
Exercise
options
Conversion
equity
liability of
awards
awards
Stock-based
compensation stock
of to - - 35
(3)
29 --
Repurchase
common
Dividends
($2.92
(Note per
11) stock of 2017
declared
share) ---1 (375)
- ---
Balance
December
Net income
Currency
translation
adjustment
Exercise
options
Stock-based
at
of 31,
stock - (2,818)-
-
(4) 6,580
74 - 14
(54) ---
compensation
Repurchase
common
Dividends
($3.00
(Note
Balance per
11) stock
at of 2018
declared
share) -- --
(905) 26 -- --
December 31, $1 $ (3,727) $ 6,680 $ (40)
Retained
Earnings
$ 2,822
1,679 Noncontrolling
Interests
$ 1,600
346 Total
$ 8,399
2,025
-- (1)
-3 (54)
17
(11)
-
(2,288) (1)
5
(634) (2)
34
(2,922)
2,213
(2)
2,808 1,318
(1)
455 7,486
-
3,263
-- (8)
5
(1) 125
40
(4)
2,709
2,413-
(2,310) -5
(632)
1,141
538
34
(375)
(2,942)
7,627
2,951
-- (4)
-9
4 (58)
79
30
(905)
$ (2,352)
2,770 $ (627)
1,061 $ (2,979)
6,745
Created
LAS
FormVEGASby Feb
CASH_FLOW2
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 22,31,2019
LAS 2018
VEGASactivities:
CONSOLIDATED SANDS CORP. AND
STATEMENTS SUBSIDIARIES
OF CASH FLOWS 2018
Cashincome
Net
cash flows from
Adjustments
generated to operating
reconcile
from net
operating income into net $ 2,951
Depreciation
Amortization
original
from
Loss
debt mall
on
Stock-based
Provision
issue
Amortization sale
disposal
for
and
of
discount
of amortization
leasehold
deferred
transactions
modification or
compensation
doubtful or gain
early
impairment
accounts onactivities:
interests
financing and
retirement
of
expense
land
costs
rent
assets and
of 1,111
35
(5)
64
149
305
Foreign
Deferred
Changes
Accounts
Other exchange
income
assetsin operating
receivable
payable
liabilities (gain)
taxes loss
assets and liabilities: (26)
113
(119)
(40)
3908
Net
Cash cash
Capitalflows
Proceeds
equipment
Acquisition
Net cash generated
from
expenditures
from
usedof disposal
intangible fromof
investing operating
activities:
property
assets activities
and 4,701
(949)
19
-
Cash flows
Proceeds
Repurchase
Dividends
Proceeds
Repayments
Payments
Net cash
Effect of
equivalents
Increase
from
paid
from
used ofin
offrom
of
exchange
(decrease)
and
investing
financing
exercise
common
long-term
long-term
financing
in rate
restricted
of
on
activities
activities:
stock
stock
debt
debt
inatcosts
financing cash, cash,
options
(Note
(Note
activities
cash cash 9)
9) (930)
79
(905)
(2,979)
7,593
(5,178)
(132)
(1,522)
(18)
equivalents
Cash,
and cashcash equivalents
equivalents end of year cash
and cash
beginning and
restrictedof cash
year $ 2,231
2,430
4,661
Year
$ millions) 2017 $ 2016
2,025
1,171
37
42
(4) 1,111
38
44
(4)
20
34
96
535
(497) 79
34
1732
(21)
24
83
22
40
178
4,543
(837) 319
(36)
19
237
4,044
(1,398)
15
-
(822)
40
(375)
(2,943) 17
- 5
(47)
(1,440)
(2,924)
654
(858)
(5)
(3,487)
58 2,296
(1,987)
(33)
(2,631)
(22)
$ 292
2,138
2,430 $ (49)
2,187
2,138
Created
LAS
FormVEGAS
TABLE30
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
CONSOLIDATED31,2019
22,
LAS 2018
VEGAS SANDS
STATEMENTS CORP. AND SUBSIDIARIES
OF CASH FLOWS (CONTINUED) 2018
Supplemental
information:
capitalized
Cash payments
Changes
Non-cash in disclosure
for taxes,
construction
investing ofnet
interest, cash
net
payablesof offlow
amounts
refunds $ 326
264
37
Capitalized
Change
other
Property
awards in
capitalaccrued
and
lease
Conversion equityand
stock-based
dividends
liabilities
ofequipment financing
compensation
payable
acquired
awards to activities:
includedunder
liability costs
in $1
$
$1
$ --
Year
(In Ended December 31,
millions) 2017
269 2016
214
$
$ 230
(232)
-- $6
(1) $$$ 204
20
-
(1)
$4 $2
Created
LAS
Form by Feb
VEGAS
TABLE31
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Furniture,
Leasehold Dec
Contents 31,2019
22,
fixtures 2018
and equipment
improvements
Transportation 3 to 20
5 15 years
Created
LAS
FormVEGAS
TABLE32
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Weighted
(used
Dec
Contents 31,2019
22,
average
in the
2018
common
calculation shares
ofinunits
basic outstanding
earnings 2018
per share)
Potential
restricted
Weighted
equivalent
of diluted dilution
stock
average
shares
earnings
Antidilutive of
stock from
and stock
stock
common
(used
per
optionsshare) options
and
the
excluded and the
common
calculation
from 786
-2
786
calculation diluted earnings per share
Year
(In Ended December 31,
millions) 2017
792 2016
795
-6
792 -7
795
Created
LAS
FormVEGAS
TABLE33
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Year
2018
Dec
Contents
Ended 31,2019
22, 2018
December 31, Casino Rooms Food and 102
Beverage Mall
(In
Macao:
The
Sands
The
Sands
FerryVenetian
Cotai
Parisian
Plaza
SeasonsMacao Macao
Central
Macao
Macao
Hotel
Operations and
Macao Four $ 2,829
1,622
1,265
502
598 $ 223
331
124
39
17 $ 81
65
29
27 $ millions)234
69
57
145
--3
Marina
United
Las
SandsVegas
Properties Sandsand Other
BayOperating
States:
Bethlehem
Intercompany
-
6,816
2,178
357
468
825
-
734
393
590
16
606
-
304
211
324
26
350 508
1794
eliminations(1)
Total net revenues $ -
9,819 $ -
1,733 $ -
865 $ (1)
690
Convention,
$ Other Retail 107
and Net Revenues
4 $
29
22
5
160
327
108
3,474
2,153
1,533
719
650
160
8,689
3,069
$ 411
22
433
(246)
622 $ 1,682
536
2,218
(247)
13,729
Created
LAS
FormVEGAS
TABLE34
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
NOTES 31,
22, 2018
TO2019
LAS VEGAS SANDS
CONSOLIDATED CORP. AND
FINANCIAL SUBSIDIARIES
STATEMENTS - (CONTINUED)
Year
2017
Macao:
The
Sands Ended
Venetian
Cotai December
Macao
Central 31, Casino
$ 2,362
1,433 Rooms
$ 179
291 Food
$ and
Beverage 74
102 Mall
$ 220
63
The
FerryParisian
Plaza
Seasons
Sands
Marina Macao
Macao
Hotel
Macao
Operations
Bay Sands andOther
Macao
and Four 1,120
391
574
-
5,880
2,333 128
34
19
-
651
358 61
28
27
-
292
183 66
131
--4
480
167
United
Las States:
Vegas
Properties
Sands
IntercompanyOperating
Bethlehem
eliminations(1) 380
493
873
- 561
16
577
- 325
28
353
- -
Total net revenues $ 9,086 $ 1,586 $ 828 $ 651
Year
2016
Macao:
Sands
The Ended
Venetian
Cotai
Parisian
Plaza December
Macao
Central
Macao
Macao 31,
andOther
Four $ 2,286
1,471
315 $ 177
267
36 $ 75
99
20 $ 209
62
23
Seasons
Sands
Ferry
Marina
United
Las Hotel
Macao
Operations
Bay Macao
Sands
States:
Vegas and
Operating 392
614
-
5,078
1,965 20
-
536
376 26
-
246
189 127
--
421
166
Properties
Sands Bethlehem
Intercompany
eliminations(1)
Total net revenues $ 359
484
843
-
7,886 $ 572
15
587
-
1,499 $ 282
30
312
-
747 $ -4
591
Convention,
$ Other Retail 161
and 89 Net Revenues
3 $
27
20
6
306
93
2,924
1,916
1,395
587
626
161
7,609
3,134
$ 391
23
414 $
(236)
577 1,657
564
2,221
(236)
12,728
$ 84
3 $
25
7
8
158 2,831
1,924
401
584
668
158
285
95
358
22 $
380 6,566
2,791
1,571
555
2,126
$ (212)
548 (212)
11,271
Created
LAS
FormVEGAS
TABLE35
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018
$ Outstanding
Balance
Increase at January
December
(decrease)1 31 73 Chip
2018
478
551 $$ Liability2017
525
478 Loyalty
(47) (In
$3 Program Liability
$ millions) 2018
63
66
____________________
$$ (6) $Customer
2017
69
63 Deposits
Deferred
2018
714
827
113 $ and Other
Revenue(1) 2017
633
714
81
Created
LAS
FormVEGAS
TABLE36
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Casino
Dec
Contents 31,2019
22, 2018 December
(In
$ millions)31,
2018
763 2017
Rooms
Mall - allowance for doubtful accounts
Other
Less $ 78 $
98
111
1,050
(324)
726 $ 837
109
47
64
1,057
(442)
615
Created
LAS
Form by Feb
VEGAS
TABLE37
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Note
Property Dec
5Contents
and 31,2019
22,
- Property 2018
and
equipmentEquipment,
consists ofNet
the following: December
(In 31,
2018
Land and
Building
Furniture, improvements
and
Transportation
Construction improvements
Less - accumulatedequipment
fixtures,
in progress andand
depreciation leasehold improvements
amortization $ millions) 651
17,861
4,255
458
1,184
24,409
(9,255)
$ 15,154
$ 2017
672
17,703
3,999
455
1,179
$ 24,008
(8,492)
15,516
Created
LAS
FormVEGAS
TABLE38
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,
22, 2018
2019
NOTES LAS VEGAS SANDS
TO CONSOLIDATED CORP. AND
Note
Marina6 - Leasehold
BayMacao
Sands Interests
Leasehold in Land,
interestsNet
in land consist of the following: December
$ millions)31,
(In 2018
1,006 2017
Sands
Sands
Less Cotai
Venetian
Plaza
The Parisian
Macao Central
Macao
Macao
- accumulatedand Four Seasons Hotel Macao
amortization $ 91 $
237
192
75
31
1,632
(434)
1,198 $
1,027
237
182
89
75
30
1,640
(403)
1,237
Created
LAS
FormVEGAS
TABLE39
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands
Dec
Contents 31,2019
22,
Bethlehem
2018
gaming license and certificate $ December
(In millions)31,
2018
67 $ 2017
67
Marina
Trademarks
Less Bay Sands
Total -intangible
accumulated gaming
andassets,
other net license
amortization $ 48
1 $
49
(44)
5
72 49
1
50
(28)
22
89
Created
LAS
FormVEGAS
TABLE40
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 December
(In 31,
2018 2017
Customer
Payroll
Other anddeposits
Outstanding
Taxes accruals
and chip liability
licenses
related $ millions)2,435
$ 676
403 $
551
359
446 $ 572
478
367
342
317
2,076
Created
LAS
FormVEGAS
TABLE41
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
NOTES 31,2019
22, 2018
TO LAS VEGAS SANDS
Note 9
Long-term- Long-Term
debt Debt
consists of the following: December
Corporate
2013
Macao
4.600% U.S.
unamortized
financing
HVAC
original
$14
$5) and
and
acosts
Equipment U.S.
Credit
original
Related(1):
Senior
issue $21Related(1):
ofFacility
issue
Lease
Notes
discount
positive due - Extended
and
and
cumulativediscount
$11,
2023 (net
deferred
fair
Term
and
of B (net
deferred
respectively)
unamortized
financing
value
of of
costs
adjustment $ millions)31,
(In 2018
3,464
12
1,791
5.125%
original
$16
$5)
5.400%and
original
$21 and Senior
issue
a
Senior
issue
a Notes
discount
positive
Notes
discount
positive due
and
cumulative
due
and
cumulative2025
2028 (net
deferred
fair
(net
deferred
fair of
of unamortized
financing
value costs
adjustment
unamortized
financing
value costs
adjustment of
of 1,789
$5)
2016 VML
deferred
unamortized
Other
Singapore Credit
financing Facility
costs
deferred
Related(1): -
of Term
$56) (net
Non-Extended
financing costs of
ofunamortized
Term
$2) (net of 1,884
-4
2012 -long-term
Singapore
unamortized
respectively)
Less
Total Creditfinancing
currentdeferred
maturities
debt Facility - costs
Term of (net
$43ofand $32, $ 3,041
11,985
(111)
11,874
____________________
$ 2017
2,150
12
--
-5
4,043
247
$ 3,183
9,640
(296)
9,344
Created
LAS
FormVEGAS
TABLE42
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
SCL
2018 2018
Proceeds 2013Senior
from 2016
2011 VML NotesFacility
Credit
U.S. Credit Facility $
$ 5,500
746
1,347
-
7,593
Repayments
RepaymentsDebt
Long-Term on
on 2016
2012 VML
2013
2011
HVAC VML
Airplane Credit
Singapore
U.S.
Equipment Facility
CreditCredit
Credit Facility
Facility
Facility
FinancingsLease and Other $ (5,083)
(65)
(26)
-
(4)
$ (5,178)
Year
(In Ended December 31, 2017 2016
$ millions)
$ -- 5
649
654 $
$ -
1,000
296
2,296
$ (668)
(67)
(63)
-
(56)
(4) $ -
(66)
(914)
(1,000)
(4)
(3)
$ (858) $ (1,987)
Created
LAS
FormVEGAS
TABLE43
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
NOTES 31,TO
22, 2018
2019
LAS VEGAS SANDS
Scheduled Maturities
Maturities of of Capital
capital Lease
lease Obligations
obligations and and Long-Term
long-term$ debt Debt
outstanding as
December 31, 2018, are summarized as follows:
Thereafter
Less - amount representing interest 2021
2022
2023
Capital
Lease
2020 (In
2019 Obligations
millions) 2of
14
-1
17
(1)
Total $ 16
tanding as of Long-term
Debt
$ 98
$ 520
3,682
7,573
12,069
-
Created
LAS
FormVEGAS
TABLE44
Period
Date by Feb
Type:
End:
Filed: EDGAR
SANDS
10-K
Dec 31,Online,
CORP Inc.
2018
Table Of
NOTES TO22,
Contents 2019
LAS VEGAS SANDS
Rollforward
A
Balance
Exercise
Issuance
Vesting as
of
of
Forfeiture of of
summary Shares
stock
restricted
of of
January of
the
options
restricted
unvested Common
outstanding
1, 31,
2016
stock
stock units
restricted Stock
shares
stock of common stock is as follows:
794,645,310
233,804
61,546
28,750
(9,318)
Balance
Exercise
Issuance
Vesting
Exerciseofas
of
of of December
stock options
restricted stock 2016 794,960,092
617,612
37,270
Repurchase
Balance
Issuance
Vesting of
Repurchase
Balance ofrestricted
as
of
as ofof common
restricted
restricted
of commonstock
ofDecember
stock options
December stock
stock units
stock
31, 2017
units
stock
31, 2018
64,150
(6,194,137)
789,484,987
1,007,551
10,296
5,000
(15,044,620)
775,463,214
Created
LAS
FormVEGAS
TABLE45
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 LAS VEGAS SANDS
NOTES TO CONSOLIDATED CORP. AND
Note 12
foreign - Income
operations Taxes
Consolidated
is income
as follows: income before taxes and noncontrolling
2018 Year interests for domestic
Ended December 31, and2017
Foreign
Domestic
Total income before taxes $ $ 162 (In
3,164
3,326 $ millions) 2,806
248
3,054
NUED)
estic and $ 2016
2,227
37
2,264
Created
LAS
FormVEGAS
TABLE46
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Foreign:
Current
Dec 31,2019
22,
Contents 2018
$ Year Ended
2018
245 December 31,
(In millions) 2017 2016
Deferred
Federal:
Current
Deferred
State:
Current
Deferred
Total income tax expense (benefit) $ 2 $$
(12)
15
135
(10)
375
258
12
30
(509)
-
(209)
$
$
206
29
-9
(5)
239
Created
LAS
Form by Feb
VEGAS
TABLE47
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
TaxOfEnd:
Filed:
Foreign Dec
Contents
exempt
and 31,2019
22,
income
U.S. 2018
taxof foreign
rate subsidiary
differential (8.3
(6.5 (7.9 (8.7
Change
U.S.
Other, intax
Repatriation
foreign
net
Effective valuation
of
tax
rate allowance
foreign
credits earnings 11.3 )% 0% (18.8
4.50%
0.60% (105.9
(6.8 )%
)% 18.30%
72.10% (20.4
0.40% (119.3
10.6 43.20%
79.80%
1.00%
)% 79.80%
)% 43.20%
1.00%
0%
Created
LAS
FormVEGAS
TABLE48
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
NOTES 2018 LAS VEGAS SANDS
(liabilities)
Deferred
U.S. The
are
tax
foreign primary
as
assets:follows:tax affected components of the Company's net deferred tax(In
assets
December
$ millions)31,
2018
Net
The operating
Allowance
Accrued
Deferred
Shoppes
Stock-based
Pre-opening
State fortax
expenses
gain
deferred at credit
loss
doubtful
on the
The
compensation
expenses
items
carryforwards
carryforwards
accounts
sale of The Grand Canal Shoppes and
Palazzo 4,919
271
16
14
13
11
10
Other
Less
Total
Deferred
Property
Prepaid - valuation
deferred
tax
and
expenses allowances
tax assets
liabilities:
equipment 5,271
5021
(4,769)
(245)
(3)
Other
Total deferred tax
Deferred tax assets, net liabilities $ (77)
(325)
177
$ 2017
4,937
262
21
16
14
-8
5,288
(4,690)
598
$ (246)
(5)
(60)
(311)
287
Created
LAS
FormVEGAS
TABLE49
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 2018 December 31,
2017
Balancein at
Additions
Settlements
Lapse
Balance tothe
taxbeginning
statutes
at the endofof the of
positions the year
related
limitations
year to prior years
current year $
$ -2 (In
92
24
118 $ millions) 74
$ -1
18
(1)
92
$ 2016
65
14
7
(10)
(2)
$ 74
Created
LAS
FormVEGAS
TABLE50
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents
2019 2018
future$rentals $ 1,496
2020
2021
2022
2023 457
366
269
184
80
Thereafter
Total minimum 140
Created
LAS
FormVEGAS
TABLE51
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018
Operating
follows (in Leases
millions): The in
terms
under Company
interests
excess leases
in land,
ofand
non-cancelable
2019 real estate,
onevarious
year.
operating of including
Asequipment
December
leases the
tounder
make Macao
31,operatingand
2018,minimum
future the Singapore
lease
Company leasehold
arrangements
leasewas with
obligated
payments as
Thereafter
Total minimum payments $ 425 2020
2021
2022
2023
LAS VEGAS
NOTES SANDS CORP. AND
TO CONSOLIDATED SUBSIDIARIES
FINANCIAL STATEMENTS - (CONTINUED)
The
terms
under Company
interests
in excess leases
in land,
$ ofand
non-cancelable real
onevariousestate,
year. As
operating of including
equipment
December
leases the
tounder
make Macao
31,operatingand
2018,minimum
future the Singapore
lease
Company leasehold
arrangements
leasewas with
obligated
payments as 35
27
24
23
22
294
Created
LAS
FormVEGAS
TABLE52
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
LVSC Dec
Contents
2004
Weighted
Expected
31,2019
22,
Plan:
average
term (in
2018
volatility
years) Year 25.80%
Ended
2018December26.70%
6.70 31,
2017
5.10 2016
33.50%
5.60
Risk-free
SCL
Expected
Risk-free rate
dividend
Equity
Weighted Plan:
term
rate (in yield
dividend volatility
average years)
yield 2.90%
5.70%
36.00%
4.70
1.70%
5.80% 1.90%
4.70%
36.90%
4.40
1.30%
6.60% 1.40%
5.70%
40.80%
4.40
1.20%
5.50%
Created
LAS
FormVEGAS
TABLE53
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,
22,
NOTES2018
2019 LAS VEGAS SANDS
theAyear
summary
endedofDecember
the stock 31,
option activity
2018, is forShares
the Company's
presented below: equity Price
award plans for
Weighted
Average Weighted
Average
Remaining
LVSC
Granted2004
Outstanding
Exercised
Forfeited Plan:
as of
of December
or Plan:
Outstanding expired
as of January 1,31,
December 2018
31, 2018 (451,000) Exercise
6,290,747
3,124,168
(1,007,551) $ 57.43
55.23
58.80
80.22 Contractual
Life (Years)
Exercisable
SCL Equity
Outstanding
Granted
Exercised as
as of
Forfeited or expired January 1, 20182018 (3,556,475) $
7,956,364
2,217,728
48,251,975
18,872,800
(6,185,925) $ 55.10
53.99
4.39
5.62
3.74
5.24 7.78
5.96
Aggregate
Intrinsic
Value
(in
$ millions)13
$7
Created
LAS
Form by Feb
VEGAS
TABLE54
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Outstanding
Exercisable as
as31,
22,
of 2018
of2019
December 31,
December 31, 2018
2018 18,152,075
57,382,375 $ 4.81
5.00
LVSC 2004 Plan: Aequity

summary
awardof plans
the unvested restricted
for the year endedstock and stock
December 31, units
2018,under
Shares the Company's
is presented below:Grant
Weighted
Average
Fair Date
Value
Unvested
Balance
Granted
Vested
Balance
UnvestedasRestricted
as of
of JanuaryStock
December
Restricted
January 1,
Stock
1, 2018
31, 2018
Units
2018 74,281
10,296
(42,874)
41,703
5,000
Vested
Balance
SCL as
Equity of December
Plan:
UnvestedasRestricted
Vested
Balance JanuaryStock
of December 31, 2018
Units,
1, 31,
20182018Cash-Settled (5,000)
--
852,000
(852,000)
7.64 $8
6.00 $ 18
dmpany's
below:Grant
Weighted
Average
Fair Date 51.17
Value
$
$ 77.68
53.06
55.77
73.20
$
$ --
7.51
Created
LAS
FormVEGAS
TABLE55
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22,
NOTES 2018 LAS VEGAS SANDS
2.7follows
as years. TheAs of
option
for December
unrecognized
costsyears
stock-based
the three 31, 2018,
compensation
are compensation
expected under
cost the
to beactivity
ended December SCL
related
recognized
31,for Equity
to
theover
2018: Plan
unvested there
stock
a weighted
2004 was
SCL$25
options.
Plan and average million
The
Equity ofis
stock
period
Plan
Compensation
Stock options
Restricted stockexpense:
and stock units $ 2018
(Dollars
29
301in millions, except we
fair valu
Income
property
LVSC
Stock tax
consolidated
Compensation
and
2004
optionsbenefit recognized
statements
cost
equipment
Plan:
granted of in
as the
operations
capitalized part of $4
$1 3,124,168
7.52
Restricted
Weighted
Stock
Intrinsic
Cash
SCL
Stock stock
average
options
value
received
Equity
options granted
grant
exercised:
Plan:
granted date fair value $
$ 10,296
77.68
16
56
18,872,800
Weighted
Intrinsic
Cash average grant
value exercised:
received date fair value $
$ 1.01
12
23
(Dollars inYear
$ Ended
millions, December
except
fair 31,average
weighted
values) 2017
29 grant
$$ date 2016
25
$7
$
$ - 5 $6
34
1,027,108
8.95
37,270
58.51 $
10
35
-
1,672,458
8.62
61,546
42.50
$
$
$4 11
28
17,364,000
0.71 $3
$
$
$2 11
18,407,200
0.73
$ 12 $6
Created
LAS
FormVEGAS
TABLE56
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 LAS VEGAS SANDS
NOTES TO CONSOLIDATED CORP. AND
2018,
Net 2017
Revenues
Macao: and The
2016 isCompany's
as follows: segment information as of and for the years
2018 December
ended (In31,
Year Ended December 31,2017
millions)
Sands
The
Sands
FerryVenetian
Cotai
Parisian
Macao Macao
Central
Macao
TheOperating
Plaza
Operations Macao
and and Four Seasons Hotel Macao
Other $ 3,474
2,153
1,533
719
650
160
8,689
Marina
United
Las
Sands
Total Bay Sands
States:
Vegas
Bethlehem
Intersegment Properties
eliminations
net revenues $ 3,069
1,682
536
2,218
(247) 13,729
Intersegment
Macao:
The
SandsVenetian
Cotai Revenues
Macao
Central $4 Year
2018 Ended
-9 (In December$5
millions) 31, 2017
-8
Ferry
Marina
Las
Total Operations
Vegas
intersegmentand
BayOperating
Sands Other
Properties
revenues $ 25
29
209
247 $ 23
28
200
236
TINUED)
ecember(In31,
Year Ended December
millions) 31,
2017 $ 2016
$ 2,924
1,916
1,395
587
626
161
7,609 2,831
1,924
401
584
668
158
6,566
$ 3,134
1,657
564 $
2,221
(236)
12,728 2,791
1,571
555
2,126
(212)
11,271
$6 2016
1
22
$ 29
8
175
212
Created
LAS
FormVEGAS
TABLE57
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,
22, 2018
2019
Adjusted
Macao:
The
Sands
The
Sands
Ferry
Property
Venetian
Cotai
Parisian
Plaza
Macao
Operations Macao
Central
Macao
Macao EBITDA
and
Other $ Year Ended
2018
1,378
484
262
178
3,079
December
18 $
759 31,
(In millions) 2017
1,133
633
413
233
174
21
2,607
Marina
United
Las
SandsVegasBay
Consolidated
Other Sands
States:
Operating
Bethlehem
Operating adjusted
Costs Properties
property
and EBITDA(1)
Expenses 1,690
394
116
510
5,279 1,755
391
147
538
4,900
Stock-based
Corporate
Pre-opening
Development
Depreciation
Amortization
Loss on compensation
and
of
disposal amortization
leasehold
or interests
impairment of in land
assets (12)
(202)
(6)
(12)
(1,111)
(35)
(150) (14)
(173)
(8)
(13)
(1,171)
(37)
(20)
Operating
Other
Interest
Other
Loss
Income income
Non-Operating
income
expense,
income
on tax (expense)
modification
(expense) Costs
net or
of early
benefitand
amounts Expenses
capitalized
retirement of debt 3,751
59
(446)
26 $
(64)
(375) 3,464
16
(327)
(94)
(5)
209
Net income $ 2,951 3,263
_________________________
$ 2016
1,089
616
115
221
172
32
2,245
1,395
356
143
499
4,139
(14)
(256)
(130)
(9)
(1,111)
(38)
(79)
2,502
10
$ (274)
31
(5)
(239)
2,025
Created
LAS
FormVEGAS
TABLE58
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Capital
Dec
Contents 31,2019
22,
Expenditures
Corporate and
2018
Other $ 2018
81 (InYear Ended Decem
millions)
Macao:
The
Sands
The
Sands
FerryVenetian
Cotai
Parisian
Plaza Macao
Central
Macao
Macao
Macao
Operations and Four Seasons Hotel Macao
and Properties
Other 180
131
63
291
Marina
United
Las
Sands
Total BayOperating
Sands
States:
Vegas
Bethlehem
capital expenditures $ 535
182
127
24
151
949
Total
Macao:
The Assets
Corporate and
Venetian Other
Macao $ 2018 $
1,296
3,403 December
(In
953
2,640 31,
millions) 201
Sands
The
Sands
Marina Cotai
Parisian
Plaza
Macao
FerryVegas Central
Macao
BayMacao
Operations
Sands andProperties
Other 4,295
2,455
883
322
259
11,617
4,674 3,891
2,496
930
282
275
10,514
5,054
United
Las
Sands States:
Total assetsOperating
Bethlehem $ 4,321
639
4,960
22,547 $ 3,530
636
4,166
20,687
(InYear Ended December
millions)
$9 2017
153
86
204
31, $ 2016
11
94
128
925
22
10
4
479
196
123 16
18
4
1,185
83
92
$ 30
153
837 $ 27
119
1,398
December 31,
(In millions) 2017 $ 2016
465
2,642
4,152
2,711
966
316
281
11,068
5,031
$ 3,214
691
3,905
20,469
Created
LAS
FormVEGAS
TABLE59
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents 31,
22, 2018
2019
Total Long-Lived
Corporate and Assets(1)
Other $ 2018
281 December
(In millions)31,
2017
Macao:
The
Sands
The
Sands
FerryVenetian
Marina
United
Las
Cotai
Parisian
Plaza
Macao Macao
Central
Macao
Macao
Operations
Bay Sands
States:
Vegas andProperties
and
Operating Four Seasons Hotel Macao
Other 772 $
1,750
3,414
2,317
229
130
8,612
4,148
2,762
249
1,728
3,516
2,375
853
222
146
8,840
4,336
2,779
Sands Bethlehem
Total long-lived assets $ 549
3,311
16,352 $ 549
3,328
16,753
_________________________
$ 2016
264
1,726
3,720
2,572
874
245
157
9,294
4,192
$ 2,815
548
3,363
17,113
Created
LAS
FormVEGAS
TABLE60
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Note 2031,
22, 2018
-2019
Selected Quarterly Financial Results
First(1) (Unaudited)
Second Quarter
2018
Net
Net
Basicrevenues
Operating
income
attributable
Vegas income
Sands (loss)
to
earnings Las
Corp.
(loss) $ 3,579
1,158
1,616
1,456
1.85
$ 797 Third
(In3,303
millions,
676
556 $ except 3,372
per share data)
922
699
571
Diluted
per share
2017(3)
Net
Operating
Net earnings
revenues
income income (loss)
attributable $ 1.84
3,067
764
579 $ 0.70
3,109
817
639 $ 0.73
3,161
855
684
to Las Vegas
Basic earnings
Diluted
share Sands
earningsper Corp.
pershare 481
0.61 546
0.69 569
0.72
________________________
Fourth(1,2)
xcept per share (40) Total
$ data) 3,475
874 $ 13,729
3,751
2,951
$ (170)
(0.22)
3,391 $ 2,413
3.07
12,728
1,028
1,361
1,212
1.53 3,464
3,263
2,808
3.55
Created
LAS
FormVEGAS
Period by Feb
Type: EDGAR
SANDS Online,
CORP Inc.
VALUATION_AND_QUALIFYING_ACCOUNTS
10-K
Date
Table OfEnd:
Filed: Dec
Contents 31,2019
22, 2018 SCHEDULE
LAS VEGAS
For the
Balance
II - Ended
Years VALUATION
SANDS AND 31,
CORP.
December QUALIFYING
AND
2018,
Provision
ACCOUNTS
SUBSIDIARIES
2017 and 2016
Descriptionfor doubtful accounts:
Allowance 2016
2017 $ Year at 576
Beginning
2018 of 442 (In
637 for
Doubtful
Accounts
millions)173 96 Write-offs,
Net of
5 Recoveries (234)
(230)
(123)
Balance
of$ Year at3,302
Description
Deferred
valuation income tax asset
allowance: 2017 Beginning
2016
2018 4,690 Additions 907
4,197 510 Deductions
105 (In millions)(12)
(17)
(26)
Balance
at$ Year
of End 576
442
324
Balance
at
of$ End
Year 4,197
4,690
4,769
Created
LAS
Form by Feb
VEGAS
PeriodType: EDGAR
SANDS
INCOME_STATEMENT2
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Exhibit No.
3.10 31,2019
22, 2018
3.20
4.10
4.20
4.30
10.10
10.20
Exhibit No.
10.30
10.40
10.50
10.60
10.70
10.80
10.9* 10.10
10.11
ed by Feb
VEGAS
dType: EDGAR
SANDS
ME_STATEMENT2
10-K Online,
CORP Inc.
OfEnd:
Filed: Dec
Contents 31,
22,Las
the
2018
2019
Description
Certificate
Vegas
Company's
quarter ofAmended
of
Sands
endedDocument
Corp.
Quarterly
June and Restated
(incorporated
Report
30, 2018 on
and Articles
FormbyVegas
filed of
reference
10-Q
on Incorporation
(File
July from
25,No. Exhibit of 3.1
001-32373)
2018). tofor
Amended
(incorporated
Report ofon and
Form Restated
by reference
10-Q By-laws
(File to
No. of
ExhibitLas
3.2 to the Sands
Company's Corp. Quarterly
30,
Form 2018
Amendment
No.
National
Exhibit
2025
from 4.1
001-32373)
Forms of
and
and
Specimen
(incorporated
333-118827)
Indenture, filed
by
No.
dated
Association,
to
4.600%
Exhibit5.400%the
filed
4.2
2 on
to
Senior
July
Common
reference
as
Company's
on August
Senior
(included
25,
ofRegistration
filed
as on trustee
Notes
Notes
in 9,001-32373)
2018).
Stock
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Table OfEnd:
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Date
Table OfEnd:
Filed:
Exhibit
10.39+ Dec
No. 31,2019
22,
Contents 2018
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Date
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Exhibit Dec
No.
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22,
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PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Exhibit
10.69+ Dec
No. 31,2019
22,
Contents 2018
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Contents 31,
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VEGAS
TABLE66
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
SECTION Dec 31,2019
1122,
Contents 2018
GOVERNING LAW AND ENFORCEMENT 130
37. Governing Law 130
38. Enforcement 130
Schedule 1 The Original Parties 131
Schedule 2 Conditions Precedent 133
Schedule 3 Requests 135
Schedule 4 Form of Transfer Certificate 136
Schedule 5 Form of Assignment Agreement 138
Schedule 6 Form of Compliance Certificate 141
Schedule 7 Timetables 142
Schedule 8 Subsidiaries 143
Schedule 9 Additional Covenants 145
Schedule 10 Form of Quarterly Financial Statements 151
Schedule 11 Cotai Plan 157
Schedule 12 List of financial institutions 159
-----------------------------------------------------------------------------------------------------------------------------
Created
LAS
FormVEGAS
TABLE67
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Consolidated
Greater
31,2019
22, 2018
LeveragetoRatio
2.75x Margin
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Created
LAS by Feb
VEGAS
TABLE68
Form Type: EDGAR
SANDS Online,
CORP Inc.
Period
Date
Table II 10-K
OfEnd:
Filed:
PART Dec
Contents 31,2019
22, 2018
THE ORIGINAL LENDERS
Name
Bank
(Macau)
Bank
China ofChina
of
Industrial
of Original
and
Limited Lender
Limited,
Commercial
Communications
Construction Macau
Bank Bank
Co, Branch
ofMacau
Ltd, China
Corporation Branch
Macau USD Commitment
(US$) ---
Branch
United
Sumitomo
The Overseas
Mitsui Bank Limited
Banking Hong
CorporationKong Branch 110,000,000
DBSBank
Bank
BNP
Banco
CMB ofOCBC
Bank
Barclays
Goldman
of
Oversea-Chinese
Banco Nova
Weng
America,
Paribas Hong
Ltd.
Bank
Sachs
Nacional
Wing Lung PLC Scotia
Banking
N.A.
Bank
Bank
Hang,
Kong
USA Corporation
S.A.
Branch
Ultramarino,
LimitedS.A.
Limited
Macau Branch
77,000,000
40,000,000
10,000,000--
HKD Commitment
(HK$) 3,367,416,000
3,132,480,000
1,879,488,000
1,174,680,000
-
258,429,600
391,560,000
234,936,000
234,936,000
Created
LAS
Form by Feb
VEGAS
TABLE69
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec
Contents
Proposed 31,2019
22, 2018
Utilisation Date: [ ] (or, if thatDay)
Business is not a Business Day, the next
Type of Loan: [Revolving Loan] / [Swing Line Loan]
[Currency of Loan: [US$] / [HK$]]1
Amount of Loan:2 [ ] or, if less, the Available [Swing Line]3
Facility
Interest Period4: [ ]
Created
LAS
FormVEGAS
TABLE70
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018 SCHEDULE 7
TIMETABLES
Agent HIBOR
Loans HKD
Line Swing
- 1 Loans LIBOR
- 3 Loans USD
Line Swing
- 1 Loans
the innotifies
relevant
Lenders
Company
details
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amount
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with T -3 T T T
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(Calculation
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Created
LAS
Form by Feb
VEGAS
TABLE71
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands Dec
China 31,2019
22,
ContentsLtd. 2018
Consolidated Balance Sheets
ASSETS
Non-current
Investment assets
properties, September
US$ 30, 20188,194
in millions
(Unaudited)
Property and
Intangible
Other assets,
Trade and
prepayments, net
other net netnet and
equipment,
assets,
netreceivables 645
42
32
23
Total non-current assets 8,936
Current assets
Inventories
Trade and
prepayments,
Restricted
Cash and other
cash
cash receivables
net
and and
cash equivalents
equivalents 14
377
13
2,079
Total current assets 2,483
Total assets 11,419
EQUITY
Capitalcapital
holders
Share and reserves
of the Company attributable to equity September
US$ 30, 2018 81
in millions
(Unaudited)
Reserves 3,870
Total equity 3,951
LIABILITIES
Non-current
Trade
Borrowings
Deferred liabilities
andincome
other payables
tax liabilities 107
5,557
55
Total non-current liabilities 5,719
Trade and
Current liabilities
othertax
income
Borrowings payables
liabilities 1,736
4
9
Total current liabilities 1,749
Total liabilities 7,468
Total equity and liabilities 11,419
Net current assets/(liabilities) 734
Total assets less current liabilities 9,670
December
(Audited) 31, 20171,311
7,687
34
23
9,089
15
293
11
1,239
1,558
10,647
December 31, 2017 81

(Audited) 4,457
4,538
92
4,358
62
4,512
1,537
6
54
1,597
6,109
10,647
(39)
9,050
Created
LAS
Form by Feb
VEGAS
TABLE72
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands Dec
China 31,2019
22,
ContentsLtd. 2018
Consolidated Statements of Operations
(Unaudited)
Net revenues
Gaming
Employee taxbenefit expenses Three months
September 30,ended2,147
2018
(847)
(303)
Depreciation
Inventories
Other andand
amortization
consumed
expenses losses (169)
(30)
(236)
Operating
Interest
Loss profit net or
income
on expense,
modification of early
amounts capitalized
retirement of debt 562
7
(64)
(72)
Profit before
Income income tax
tax (expense)/benefit 433
(1)
Profit forofthe
holders theperiod attributable to equity
Company 432
2017
US$ in millions
1,896
(735)
(291) Nine months30,
September ended 2018
6,412
(2,535)
(925) 2017
5,531
(2,135)
(896)
(146)
(26)
(250) (477)
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(773) (531)
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448
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- 1,623
10
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(72) 1,208
-3
(112)
409
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2 1,099
(18)
403 1,411 1,081
Created
LAS
Form by Feb
VEGAS
TABLE73
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Sands Dec
China 31,2019
22,
ContentsLtd. 2018
Consolidated Statements of Cash Flows
(Unaudited)
Net cash generated from Three months

September 30,ended (121)
2018
Cash flows
Increase
Additions
Purchases
Proceeds
Interest in
to from investing
restricted
property
investment
of
from
receivedintangible
disposalcashofoperating
and and cashactivities
activities
equipment
properties
assets
property equivalents
and equipment 521
(1)
(3)
(7)
-5
Net cash used in investing activities (127)
Cash flowsfrom
Proceeds
Dividends
Repayments frombank
paid financing
exercise
senior
bank of activities
notes
loans
loans share options -1
5,500
(4,814)
Payments
Interest paidforof finance
deferred lease
financingliabilities
costs (1)
(43)
(24)
Net cash generated from/(used in) financing
activities 619
Net increase/(decrease)
equivalents
Cash
Effect and cash equivalents
of exchange
equivalents rate on in cash
cash and cash
at beginning
and cashof period 1,013
1,063
3
Cash and cash equivalents at end of period 2,079
Cash and
at cash
bank
Short-term equivalents
and
bank on hand comprised:
deposits 1,512
567
2,079
2017
US$ in millions(109)
552
(1) Nine months30,
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432
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567 432
194
626 2,079 626
Created
LAS
Form by Feb
VEGAS
TABLE74
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Net Dec 31,2019
22,
Contents
Revenues 2018
Our net revenues consisted of the following:
Three months
2018 2017
Casino
Rooms
Mall
Food and beverage
Convention, ferry, retail and other 76 US$ in millions
187
126
86 1,469
169
117
73
68
Total net revenues 2,147 1,896
Nine months30,
2018
544
359 2017
4,294
466
352
228
227 212
207
6,412 5,531
Created
LAS
Form by Feb
VEGAS
TABLE75
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Adjusted Dec 31,2019
22,
Contents
Property 2018
EBITDA
Adjusted
The
Sands property
Venetian
Cotai EBITDA(i)
Macao
Central Three months
September 30,ended 2018
344
188 US$ in millions2017
265
155
The
Sands
FerryParisian
Plaza
Macao
and otherMacao
Macao operations 122
53
41
6 135
51
40
5
Total adjusted
Share-based
capitalized(ii)
Corporate
Pre-opening
Depreciation
Net foreign property
expense
and EBITDA
compensation,
expense amortization
exchange net of
losses/(gains) amount 754
(3)
(32)
(1)
(169)
15 651
(3)
(33)
(1)
(146)
Loss on disposal
investment of
propertiesproperty and equipment,
and intangible assets (2) (19)
Operating
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debt profit net or
income
on expense,
modification of early
amounts capitalized
retirement of 562
7
(64)
(72) 448
--
(39)
Profit before
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tax (expense)/benefit 433
(1) 409
(6)
Profit forofthe
holders theperiod attributable to equity
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Nine months30,
2018
565 2017
812
431
352
198
140
15 323
162
133
17
2,293
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11 1,878
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2 1,099
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Created
LAS
Form by Feb
VEGAS
TABLE76
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents
Operating Expenses2018
Casino
Rooms
Mall Three months
2018
47
13 US$ in millions2017
911
45
13
Food
net
Generalandand
Convention,
Provision
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ferry, retailof)
for/(recovery and
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doubtful 62
60
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169
32
1 59
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-2
167
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Depreciation
Net
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on disposal
investment amortization
exchange
properties (gains)/losses
property and equipment,
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(15)
2 146
19
Total operating expenses 1,585 1,448
Nine months30,
2018
138
36 2017
2,675
129
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187
159
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152
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Created
LAS
FormVEGAS
TABLE77
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018 SCHEDULE 11
COTAI PLAN
COTAI STRIP - COTAI PLAN
Site
Parcel 1 Branded Property
The Venetian
Resort Hotel Macao Owner/Developer of Site
Venetian Cotai Limited
Parcel 2 The PlazaHotel
including
Seasons Macao,
the Four
Macao. Venetian Cotai Limited
Parcel 3 The Parisian Macao Venetian Cotai Limited
Parcel 5 Sandshotels.
Holiday
Regis Cotai
including Central,
Conrad,
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Parcel 6 Sands Cotai

including
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towers. twoCentral,
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Macau September
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LAS
Form by Feb
VEGAS
TABLE78
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed:
Address:
Email:
Fax:
Dec 31,2019
22,
Contents 2018
Department:
Attention:
dEnd:
EGAS
E78 by Feb
Type:
iled: EDGAR
SANDS
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Dec 31,
22, Online,
CORP Inc.
2018
2019
Of Contents 13th Floor,
Avenida Bank
Doutor of China
Mario Building,
Soares,
chan_unteng@bocmacau.com Macau
/ gan_qianyu@bocmacau.com
wong_iaokun@bocmacau.com
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Ms. 8792
Chan
James Un1659
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Created
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TABLE79
Period by Feb
Type: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents 2018
Despacho
Transportes
Obras doeSecretário
Públicas n.º 37/2013para os
Usando
artigo
termos
Lei da
n.º64.º
do
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os
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31 de Maio de 2013.
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-----------------------------------------------------------------------------------------------------------------------------------------------------------
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the
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May 31, 2013.
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SCHEDULE
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no.
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as first party;
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Limited" Apart Hotelparty; and
second
Venetian Cotai Limited, as third
party.
--------------------------------------------------------------------------------------------
Whereas:
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Transport
27/2007,
Gazette andof2007,
the
published
of
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Macau
Region it Works
in Official
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Date
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Dec
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maioria
31,
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---------------------------------------------------------------------------------------------------------------------------------------------------
4. requerente alega
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---------------------------------------------------------------------------------------
4.
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PeriodType: EDGAR
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CORP Inc.
Date
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que Dec
aContents 31,
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exploração
hoteleiro
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n.º 2018
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do
as estabelecimento
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Date
Table OfEnd:
Filed: Dec
8.00 31,2019
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Contents
Nos
previstos
6/80/M, de 52018
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VEGAS
TABLE84
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table
comOfEnd:
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qualidade
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da Baía
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Offices
de de2018
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--------------------------------------------------------------------------------------------------------------------------------------------------------
Artigo primeiro - Objecto do contrato
Pelo presente
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--------------------------------------------------------------------------------------------------------------------------------------------------------
Artigo sexto - Legislação aplicável
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-----------------------------------------------------------------------------------------
Clause 6 - Applicable Law
In
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Parcel Dec 31,2019
22,
Contents 2018
= 290,562 m2
Parcel A2 = 53,303 m2
Parcel A3 = 60,479 m2
A3a
Parcel A3b 805 m2
= 397 [[Image Removed: LOGO]]
Parcel B = 15,914 m2
Parcel C = 8610 m2
Parcel D = 112 m2
Created
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VEGAS
SUBSIDIARIES
PeriodType: EDGAR
SANDS
10-K Online,
CORP Inc.
Date
Table OfEnd:
Filed: Dec 31,2019
22,
Contents
Exhibit 2018
Exhibit 21.1
Significant Subsidiaries of Las Vegas Sands Corp.
The
omittingfollowing is a list
subsidiaries
would not constitute ofasignificant
which, considered
significantsubsidiaries ofof
Las
in the aggregate
subsidiary as Vegas Sands
as a single
December Corp.,
31,subsidiary,
2018.
Legal
Las Name State or Other
Jurisdiction
Incorporation
Organization ofor
MBSVegas
LVS Dutch
Marina
Sands
Sands BaySands,
(Nevada)Finance
Holding
Sands
Holdings
Bethworks
China
IP Asset Pte.
Ltd.
LLC
International
B.V.
Pte.
Ltd.
Gaming
Management
Pennsylvania,
Casino
Cotai
Holdings, Inc.
C.V.Ltd.LLC
Inc.LLC B.V.
Resort,
Limited
Nevada
Netherlands
Singapore
Pennsylvania
Cayman
Nevada Islands
Netherlands
Delaware
Venetian
Venetian Macau
Orient
Venture Limited
Limited
Development II
Intermediate Limited Macao
Cayman Islands

Created by EDGAR Online, Inc. Las Vegas Sands Corp Table - of - Contents Form Type: 10-K Period End: Dec 31, 2018 Date Filed: Feb 22, 2019

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Created by EDGAR Online, Inc. Las Vegas Sands Corp Table - of - Contents Form Type: 10-K Period End: Dec 31, 2018 Date Filed: Feb 22, 2019

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LVSC 2004 Plan: Aequity

December 31, 2017 81

Net cash generated from Three months

Parcel 6 Sands Cotai

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