Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.Sands is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities. Management considers non-GAAP constant-currency growth/decline to be a useful metric to investors and management as it allows a more direct comparison of current performance to historical performance.The company also makes reference to adjusted property EBITDA margin and hold-normalized adjusted property EBITDA margin, which are calculated using the aforementioned non-GAAP financial measures.BlackRock Advantage ESG U.S. Equity Fund Investor C Shares Net (income) loss attributable to noncontrolling interests Net income (loss) attributable to Las Vegas Sands Corp. ompany completed the sale of Sands Bethlehem on May 31, 2019. This calculation will only be applied if the current period win percentage is outside the expected range of 3.15% to 3.45%. Las Vegas Sands Corp. (NYSE: LVS), the world's leading developer and operator of convention-based Integrated Resorts, today reported financial results for … We remain extremely optimistic about an eventual recovery of travel and tourism spending across our markets, as well as our future growth prospects. The company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal payments and income tax payments, which are not reflected in consolidated adjusted property EBITDA. Las Vegas Sands Earnings: LVS Stock Drops 2% on Q2 MissesShow full articles without "Continue Reading" button for {0} hours. As a result, consolidated adjusted property EBITDA as presented by Las Vegas Sands may not be directly comparable to similarly titled measures presented by other companies.Hold-normalized adjusted property EBITDA, a supplemental non-GAAP financial measure, that, in addition to the aforementioned reasons for the presentation of consolidated adjusted property EBITDA, is presented to adjust for the impact of certain variances in table games' win percentages, which can vary from period to period. The following are reconciliations of Adjusted Property EBITDA to Hold-Normalized Adjusted Property EBITDA: For Macao Operations and Marina Bay Sands, this represents the estimated incremental casino revenue related to Rolling Chip volume play that would have been earned or lost had the company's current period win percentage equaled 3.30%. The company believes these measures represent important internal measures of financial performance. That’s likely due to the novel coronavirus.
The following is a reconciliation of Net Income (Loss) to Consolidated Adjusted Property EBITDA and Hold-Normalized Adjusted Property EBITDA: Consolidated Hold-Normalized Adjusted Property EBITDA During the three months ended March 31, 2020 and 2019, the company recorded stock-based compensation expense of $7 million and $9 million, respectively, of which $4 million and $6 million, respectively, is included in corporate expense on the company's condensed consolidated statements of operations. Not all companies calculate adjusted property EBITDA in the same manner. Set forth in the financial schedules accompanying this release and presentations included on the company's website are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income/loss from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. Hold-normalized adjusted property EBITDA is based on applying a Rolling Chip win percentage of 3.30% to the Rolling Chip volume for the quarter if the actual win percentage is outside the expected range of 3.15% to 3.45% for our Hold-normalized adjusted net income/loss and hold-normalized adjusted earnings/loss per diluted share are additional supplemental non-GAAP financial measures that, in addition to the aforementioned reasons for the presentation of adjusted net income/loss and adjusted earnings/loss per diluted share, are presented to adjust for the impact of certain variances in table games' win percentages, which can vary from period to period.The company may also present the above items on a constant currency basis. Las Vegas Sands vector logo, free to download in EPS, SVG, JPEG and PNG formats. Learn More. In order to view the operations of their casinos on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands, have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations. For the Las Vegas Operating Properties, this represents the estimated incremental casino revenue related to all table games play that would have been earned or lost had the company's current period win percentage equaled 22.0% for Baccarat and 20.0% for non-Baccarat.
The 3,102 sq.
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