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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment InformationThe Company’s principal operating and developmental activities occur in two geographic areas: Macao and Singapore. The Company reviews the results of operations and construction and development activities for each of its operating segments: The Venetian Macao; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao; Sands Macao; and Marina Bay Sands. The Company has included Ferry Operations and Other (comprised primarily of the Company’s ferry operations and various other operations that are ancillary to its properties in Macao) and Corporate and Other to reconcile to the condensed consolidated results of operations and financial condition. The operations that comprised the Company’s former Las Vegas Operating Properties reportable business segment were classified as a discontinued operation and the information below for the three and six months ended June 30, 2022 and 2021, excludes these results.
The Company’s segment information as of June 30, 2022 and December 31, 2021, and for the three and six months ended June 30, 2022 and 2021 is as follows:
CasinoRoomsFood and BeverageMallConvention, Retail and OtherNet Revenues
(In millions)
Three Months Ended June 30, 2022
Macao:
The Venetian Macao$91 $12 $3 $41 $3 $150 
The Londoner Macao42 14 7 12 4 79 
The Parisian Macao24 7 3 7 1 42 
The Plaza Macao and Four Seasons Macao38 6 1 33 1 79 
Sands Macao14 2 1 — — 17 
Ferry Operations and Other— — — — 7 7 
209 41 15 93 16 374 
Marina Bay Sands500 56 48 55 20 679 
Intercompany royalties— — — — 28 28 
Intercompany eliminations(1)
— — — — (36)(36)
Total net revenues$709 $97 $63 $148 $28 $1,045 
Three Months Ended June 30, 2021
Macao:
The Venetian Macao$307 $24 $7 $49 $4 $391 
The Londoner Macao133 28 9 16 3 189 
The Parisian Macao69 17 4 10 1 101 
The Plaza Macao and Four Seasons Macao74 12 5 34 — 125 
Sands Macao37 2 1 1 1 42 
Ferry Operations and Other— — — — 7 7 
620 83 26 110 16 855 
Marina Bay Sands223 32 24 39 9 327 
Intercompany royalties— — — — 25 25 
Intercompany eliminations(1)
— — — (1)(33)(34)
Total net revenues$843 $115 $50 $148 $17 $1,173 
CasinoRoomsFood and BeverageMallConvention, Retail and OtherNet Revenues
(In millions)
Six Months Ended June 30, 2022
Macao:
The Venetian Macao$248 $28 $9 $85 $7 $377 
The Londoner Macao 121 33 15 26 5 200 
The Parisian Macao75 18 6 15 2 116 
The Plaza Macao and Four Seasons Macao93 15 5 67 1 181 
Sands Macao31 4 2 — — 37 
Ferry Operations and Other— — — — 14 14 
568 98 37 193 29 925 
Marina Bay Sands768 94 79 104 33 1,078 
Intercompany royalties— — — — 50 50 
Intercompany eliminations(1)
— — — — (65)(65)
Total net revenues$1,336 $192 $116 $297 $47 $1,988 
Six Months Ended June 30, 2021
Macao:
The Venetian Macao$573 $43 $13 $95 $7 $731 
The Londoner Macao224 47 16 30 9 326 
The Parisian Macao128 29 9 20 2 188 
The Plaza Macao and Four Seasons Macao189 23 9 73 1 295 
Sands Macao68 5 2 1 1 77 
Ferry Operations and Other— — — — 15 15 
1,182 147 49 219 35 1,632 
Marina Bay Sands526 64 57 86 20 753 
Intercompany royalties— — — — 50 50 
Intercompany eliminations(1)
— — — (1)(65)(66)
Total net revenues$1,708 $211 $106 $304 $40 $2,369 
____________________
(1)Intercompany eliminations include royalties and other intercompany services.

Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
(In millions)
Intersegment Revenues
Macao:
The Venetian Macao$1 $1 $3 $2 
Ferry Operations and Other6 7 11 12 
7 8 14 14 
Marina Bay Sands1 1 1 2 
Intercompany royalties28 25 50 50 
Total intersegment revenues$36 $34 $65 $66 
Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
(In millions)
Adjusted Property EBITDA
Macao:
The Venetian Macao$(21)$108 $(2)$190 
The Londoner Macao(54)(5)(87)(28)
The Parisian Macao(29)— (40)(8)
The Plaza Macao and Four Seasons Macao17 44 49 114 
Sands Macao(22)(13)(39)(31)
Ferry Operations and Other(1)(2)(2)(5)
(110)132 (121)232 
Marina Bay Sands319 112 440 256 
Consolidated adjusted property EBITDA(1)
209 244 319 488 
Other Operating Costs and Expenses
Stock-based compensation(2)
(6)(3)(11)(8)
Corporate(55)(56)(114)(105)
Pre-opening(3)(4)(7)(9)
Development(22)(37)(82)(46)
Depreciation and amortization(256)(258)(520)(513)
Amortization of leasehold interests in land(14)(14)(28)(28)
Loss on disposal or impairment of assets— (11)(6)(14)
Operating loss(147)(139)(449)(235)
Other Non-Operating Costs and Expenses
Interest income14 1 18 2 
Interest expense, net of amounts capitalized(162)(158)(318)(312)
Other income (expense)(9)10 (31)(7)
Income tax (expense) benefit(110)6 (112)(8)
Net loss from continuing operations$(414)$(280)$(892)$(560)
____________________
(1)Consolidated adjusted property EBITDA, which is a non-GAAP financial measure, is net income (loss) from continuing operations before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain or loss on modification or early retirement of debt and income taxes. Consolidated adjusted property EBITDA is a supplemental non-GAAP financial measure used by management, as well as industry analysts, to evaluate operations and operating performance. In particular, management utilizes consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands Corp., 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. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income 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. The Company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments and income taxes, which are not reflected in consolidated adjusted property EBITDA. Not all companies calculate adjusted property EBITDA in the same manner. As a result, consolidated adjusted property EBITDA as presented by the Company may not be directly comparable to similarly titled measures presented by other companies.
(2)During the three months ended June 30, 2022 and 2021, the Company recorded stock-based compensation expense of $15 million and $7 million, respectively, of which $9 million and $4 million, respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations. During the six months ended June 30, 2022 and 2021, the Company recorded stock-based compensation expense of $29 million and $14 million, respectively, of which $18 million and $6 million, respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations.
Six Months Ended
June 30,
20222021
(In millions)
Capital Expenditures
Corporate and Other$37 $1 
Macao:
The Venetian Macao25 38 
The Londoner Macao118 347 
The Parisian Macao1 2 
The Plaza Macao and Four Seasons Macao5 6 
Sands Macao2 3 
Ferry Operations and Other— 1 
151 397 
Marina Bay Sands147 50 
Total capital expenditures$335 $448 
June 30,
2022		December 31,
2021
(In millions)
Total Assets
Corporate and Other$6,881 $1,357 
Macao:
The Venetian Macao2,018 2,087 
The Londoner Macao4,292 4,494 
The Parisian Macao1,872 1,962 
The Plaza Macao and Four Seasons Macao1,048 1,145 
Sands Macao227 253 
Ferry Operations and Other292 132 
9,749 10,073 
Marina Bay Sands5,429 5,326 
Total assets$22,059 $16,756