| Selected Quarterly Financial Results (Unaudited) |
Selected Quarterly Financial Results (Unaudited) | | | | | | | | | | | | | | | | | | | | | | Quarter | | First(1)(2)(3) | | Second(3)(4) | | Third(4) | | Fourth | | Total | | (In thousands, except per share data) | 2013 | | | | | | | | | | Net revenues | $ | 3,302,719 |
| | $ | 3,242,941 |
| | $ | 3,568,540 |
| | $ | 3,655,685 |
| | $ | 13,769,885 |
| Operating income | 826,703 |
| | 780,641 |
| | 914,826 |
| | 886,073 |
| | 3,408,243 |
| Net income | 703,974 |
| | 671,673 |
| | 809,298 |
| | 769,731 |
| | 2,954,676 |
| Net income attributable to Las Vegas Sands Corp. | 571,961 |
| | 529,753 |
| | 626,744 |
| | 577,539 |
| | 2,305,997 |
| Basic earnings per share | 0.69 |
| | 0.64 |
| | 0.76 |
| | 0.71 |
| | 2.80 |
| Diluted earnings per share | 0.69 |
| | 0.64 |
| | 0.76 |
| | 0.70 |
| | 2.79 |
| 2012 | | | | | | | | | | Net revenues | $ | 2,762,742 |
| | $ | 2,581,906 |
| | $ | 2,709,482 |
| | $ | 3,077,002 |
| | $ | 11,131,132 |
| Operating income | 707,554 |
| | 397,728 |
| | 534,095 |
| | 672,005 |
| | 2,311,382 |
| Net income | 579,109 |
| | 286,381 |
| | 444,980 |
| | 571,343 |
| | 1,881,813 |
| Net income attributable to Las Vegas Sands Corp. | 498,942 |
| | 240,587 |
| | 349,782 |
| | 434,782 |
| | 1,524,093 |
| Basic earnings per share | 0.66 |
| | 0.29 |
| | 0.43 |
| | 0.53 |
| | 1.89 |
| Diluted earnings per share | 0.61 |
| | 0.29 |
| | 0.42 |
| | 0.53 |
| | 1.85 |
|
________________________ | | (1) | The second Sheraton tower of Sands Cotai Central opened in January 2013. |
| | (2) | During the first quarter of 2012, the Principal Stockholder’s family exercised all of their outstanding warrants to purchase 87,500,175 shares of the Company’s common stock and paid $525.0 million in cash as settlement of the exercise price. |
| | (3) | During the first and second quarters of 2012, the Company recorded impairment losses of $42.9 million and $100.7 million, respectively. |
| | (4) | The Conrad and Holiday tower and the first Sheraton tower of Sands Cotai Central opened in April and September 2012, respectively. In connection with the opening of these towers, the Company also opened gaming areas and retail, entertainment, dining and meeting facilities. |
Because earnings per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total earnings per share amounts for the respective year. |