LAS VEGAS SANDS CORP. (NYSE:LVS) Files An 8-K Results of Operations and Financial ConditionITEM 2.02.
Results of Operations and Financial Condition.
LAS VEGAS SANDS CORP. (NYSE:LVS) Files An 8-K Results of Operations and Financial ConditionITEM 2.02.
Results of Operations and Financial Condition.
The following information is being furnished under Item 2.02 – Results of Operations and Financial Condition.
On July26, 2017, Las Vegas Sands Corp. (the “Company”) issued a press release announcing its results of operations for the second quarter ended June30, 2017. The press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this item.
Within the Company’s second quarter 2017 press release, the Company makes reference to certain non-GAAP financial measures that supplement the Company’s consolidated financial information prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) including “adjusted net income,” “adjusted earnings per diluted share,” and “consolidated adjusted property EBITDA,” which have directly comparable GAAP financial measures along with “adjusted property EBITDA margin,” “hold-normalized adjusted property EBITDA,” “hold-normalized adjusted property EBITDA margin,” “hold-normalized adjusted net income,” and “hold-normalized adjusted earnings per diluted share.” The Company believes these measures represent important internal measures of financial performance. The specific reasons why the Company’s management believes that the presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition, results of operations and cash flows are set forth in the press release.
ITEM 9.01. |
Financial Statements and Exhibits. |
(d) |
Exhibits |
99.1 |
Press Release, dated July 26, 2017 |
INDEX TO EXHIBITS
99.1 |
Press Release, dated July 26, 2017 |
LAS VEGAS SANDS CORP ExhibitEX-99.1 2 lvs_ex991x06302017.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Press ReleaseLas Vegas Sands ReportsSecond Quarter 2017 ResultsFor the Quarter Ended June 30,…To view the full exhibit click here
About LAS VEGAS SANDS CORP. (NYSE:LVS)
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s segments are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry operations and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. It also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events. LAS VEGAS SANDS CORP. (NYSE:LVS) Recent Trading Information
LAS VEGAS SANDS CORP. (NYSE:LVS) closed its last trading session down -0.97 at 61.65 with 4,178,728 shares trading hands.