Selected Quarterly Financial Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Results (Unaudited)

	Quarter
	First(1)		Second(2)		Third		Fourth(1)			Total
	(In millions, except per share data)
2019
Net revenues	$	3,646	$	3,334	$	3,250	$	3,509		$	13,739
Operating income	971		894		899		934			3,698
Net income	744		1,108		669		783			3,304
Net income attributable to Las Vegas Sands Corp.	582		954		533		629			2,698
Basic earnings per share	0.75		1.24		0.69		0.82			3.50
Diluted earnings per share	0.75		1.24		0.69		0.82			3.50
2018
Net revenues	$	3,579	$	3,303	$	3,372	$	3,475		$	13,729
Operating income	1,158		797		922		874			3,751
Net income (loss)	1,616		676		699		(40		)	2,951
Net income (loss) attributable to Las Vegas Sands Corp.	1,456		556		571		(170		)	2,413
Basic earnings (loss) per share	1.85		0.70		0.73		(0.22		)	3.07
Diluted earnings (loss) per share	1.84		0.70		0.73		(0.22		)	3.07

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(1) During Q1 2018, the Company recorded a nonrecurring non-cash discrete income tax benefit of $670 million due to the implementation of the Global Intangible Low-Taxed Income ("GILTI") provision of U.S. tax reform. During Q4 2018, the IRS issued guidance clarifying the implementation of the GILTI and other provisions that would impact the foreign tax credit utilization and required an increase of a valuation allowance related to the Company's historical foreign tax credits. As a result, in Q4 2018, the Company recorded a nonrecurring non-cash discrete income tax expense of $727 million.

(2)

During Q2 2019, the Company closed the sale of Sands Bethlehem and recorded a gain on the sale of $556 million.