← LAS VEGAS SANDS CORP

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent	$1.7b	$2.8b	$2.4b	$2.7b	($1.7b)	($961.0m)	$1.8b	$1.2b	$1.4b	$1.6b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$2.0b	$3.3b	$3.0b	$3.3b	($2.1b)	($1.3b)	$1.4b	$1.4b	$1.8b	$1.9b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	—	—	—	—	—	($1.5b)	($1.5b)	$1.4b	$1.8b	—
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	—	—	—	—	—	$193.0m	$2.9b	$0	$0	—
Net Income (Loss) Attributable to Noncontrolling Interest	$346.0m	$455.0m	$538.0m	$606.0m	($458.0m)	($315.0m)	($475.0m)	$210.0m	$306.0m	$239.0m
Depreciation and amortization	$1.1b	$1.2b	$1.1b	$1.2b	$1.2b	$1.0b	$1.0b	$1.2b	$1.3b	$1.5b
Amortization of Debt Issuance Costs and Discounts	$44.0m	$42.0m	$35.0m	$33.0m	$43.0m	$52.0m	$57.0m	$61.0m	$57.0m	$58.0m
Depreciation, Depletion and Amortization, Nonproduction	$1.1b	$1.2b	$1.1b	$1.2b	$1.2b	$1.0b	$1.0b	$1.2b	$1.3b	$1.5b
Amortization of Intangible Assets	$15.0m	$16.0m	$16.0m	$17.0m	$17.0m	$18.0m	$17.0m	$67.0m	$68.0m	$77.0m
Depreciation, Nonproduction	—	—	—	$1.1b	$1.1b	$1.0b	$1.0b	$1.1b	$1.2b	$1.4b
Deferred Income Tax Expense (Benefit)	$24.0m	($497.0m)	$113.0m	$157.0m	($33.0m)	($45.0m)	($2.0m)	$44.0m	$4.0m	($60.0m)
Share-based Payment Arrangement, Noncash Expense	$34.0m	$34.0m	$30.0m	$35.0m	$22.0m	$22.0m	$39.0m	$44.0m	$55.0m	$54.0m
Payment, Tax Withholding, Share-based Payment Arrangement	—	—	—	—	—	—	$1.0m	$2.0m	$5.0m	$2.0m
Share-based Payment Arrangement, Expense	$35.0m	$34.0m	$30.0m	$36.0m	$28.0m	$27.0m	$70.0m	$72.0m	$78.0m	$71.0m
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$79.0m	($20.0m)	($150.0m)	($90.0m)	($80.0m)	($27.0m)	($9.0m)	($27.0m)	($50.0m)	($247.0m)
Impairment of Intangible Assets (Excluding Goodwill)	$0	$0	$0	—	—	—	—	—	—	—
Gain (Loss) on Extinguishment of Debt	$2.0m	($5.0m)	$64.0m	$24.0m	$0	$137.0m	$0	$0	$0	$5.0m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	($79.0m)	$15.0m	$19.0m	$5.0m	$1.0m	$7.0m	$9.0m	$3.0m	$1.0m	$7.0m
Gain (Loss) on Disposition of Property Plant Equipment	$5.0m	$15.0m	$19.0m	$5.0m	$1.0m	$7.0m	$9.0m	$3.0m	$1.0m	($56.0m)
Income Tax Expense (Benefit)	$239.0m	($209.0m)	$375.0m	$468.0m	($38.0m)	($5.0m)	$154.0m	$344.0m	$208.0m	$347.0m
Other Nonoperating Income (Expense)	$31.0m	($94.0m)	$26.0m	$23.0m	$22.0m	($31.0m)	($9.0m)	($8.0m)	$10.0m	($15.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	($319.0m)	($83.0m)	$119.0m	$150.0m	($402.0m)	($43.0m)	$78.0m	$217.0m	($43.0m)	$392.0m
Increase (Decrease) in Other Operating Assets	$36.0m	($22.0m)	$40.0m	$63.0m	$6.0m	$5.0m	($2.0m)	$50.0m	$48.0m	$27.0m
Increase (Decrease) in Other Operating Liabilities	$246.0m	$180.0m	$390.0m	($53.0m)	($881.0m)	($116.0m)	$229.0m	$581.0m	$25.0m	$461.0m
Accounts Receivable, Credit Loss Expense (Reversal)	$173.0m	$96.0m	$5.0m	$30.0m	$99.0m	$3.0m	$15.0m	$4.0m	$19.0m	$85.0m
Proceeds from Stock Options Exercised	$17.0m	$40.0m	$79.0m	$54.0m	$24.0m	$19.0m	$0	$4.0m	$1.0m	$264.0m
Payments of Financing Costs	$33.0m	$5.0m	$132.0m	$132.0m	$31.0m	$38.0m	$11.0m	$32.0m	$60.0m	$201.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	—	—	—	$556.0m	$0	$0	—	—	—	—
Foreign Currency Transaction Gain (Loss), Unrealized	$21.0m	($53.0m)	$26.0m	$21.0m	$20.0m	($34.0m)	$10.0m	($7.0m)	$18.0m	($23.0m)
Goodwill	—	—	—	—	—	—	—	$103.0m	$102.0m	$103.0m
Unrealized Gain (Loss) on Derivatives	—	—	—	—	—	$1.0m	($1.0m)	$1.0m	$0	$0
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	—	—	—	—	—	—	$2.9b	$0	$0	—
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	—	—	—	—	—	—	$46.0m	$0	$0	—
Net Cash Provided by (Used in) Operating Activities	$4.0b	$4.5b	$4.7b	$3.0b	($1.3b)	$258.0m	$149.0m	$0	$0	$3.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$1.4b	$837.0m	$949.0m	$1.2b	$1.3b	$828.0m	$651.0m	$1.0b	$1.6b	$1.2b
Payments for (Proceeds from) Other Investing Activities	—	—	—	—	—	—	—	$0	$0	($19.0m)
Net Cash Provided by (Used in) Investing Activities	($1.4b)	($823.0m)	($930.0m)	($103.0m)	($1.3b)	($63.0m)	—	($1.3b)	($1.6b)	($1.2b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt	—	—	$7.6b	$4.0b	$1.9b	$2.7b	$1.2b	$0	$1.7b	$6.8b
Payments for Repurchase of Common Stock	$0	$375.0m	$905.0m	$754.0m	$0	$0	$0	$505.0m	$1.8b	$2.2b
Dividends paid	—	$2.9b	$3.0b	$3.0b	$911.0m	$0	$0	$305.0m	$590.0m	$833.0m
Payments of Dividends	—	$2.9b	$3.0b	$3.0b	$911.0m	$0	$0	$305.0m	$590.0m	$833.0m
Proceeds from (Payments for) Other Financing Activities	—	—	—	—	—	—	—	($29.0m)	($32.0m)	($34.0m)
Net Cash Provided by (Used in) Financing Activities	($2.6b)	($3.5b)	($1.5b)	($3.4b)	$560.0m	—	—	($3.2b)	($3.1b)	($1.6b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	($18.0m)	$14.0m	($24.0m)	($16.0m)	$22.0m	$8.0m	($19.0m)	$28.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	—	—	$2.2b	($419.0m)	($2.1b)	($212.0m)	$4.5b	($1.2b)	($1.5b)	$191.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	$4.7b	$4.2b	$2.1b	$1.9b	$6.4b	$5.2b	($19.0m)	$4.0b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$214.0m	$269.0m	$326.0m	$462.0m	$419.0m	$591.0m	$614.0m	$746.0m	$650.0m	$710.0m
Interest Income Operating Paid In Kind	—	($2.9b)	($3.0b)	($3.0b)	($911.0m)	$0	$0	$30.0m	$71.0m	$0
Income Taxes Paid, Net	$204.0m	$230.0m	$264.0m	$253.0m	$196.0m	$86.0m	$649.0m	$176.0m	$222.0m	$271.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.