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Las Vegas Sands cash flow statement

In fiscal 2025, Las Vegas Sands's operations generated $3.02bn of cash; it spent $1.17bn on capital projects, leaving free cash flow of $1.85bn. It returned $833m in dividends and $2.22bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations6391,8702,6623,0584,4394,8333,4594,0444,5434,7013,038−1,312−243−9443,2273,2043,0233,487
Depreciation and amortisation5866957948921,0071,0319991,1111,1711,1111,0209971,0411,0361,2081,3081,4641,410
Stock-based pay465863655348463434303522223944555472
Capital spending2,0932,0241,5081,4498981,1791,5291,3988379491,0181,2278286511,0171,5671,1681,081
Free cash flow−1,454−1541,1541,6093,5413,6541,9302,6463,7063,7522,020−2,539−1,071−1,5952,2101,6371,8552,406
Free cash flow after stock pay−1,500−2121,0911,5433,4883,6061,8842,6123,6723,7221,985−2,561−1,093−1,6342,1661,5821,8012,334
Dividends paid——————2,7072,9242,9432,9793,00091100305590833892
Share buybacks——005611,67720503759057540005051,7502,2172,992

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Las Vegas Sands's SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Las Vegas Sands.