Las Vegas Sands Group Accounting Analysis
Financial Statement Analysis
Financial Management 1
Submitted March 22, 2013
Table of Contents
Statement of Authorship 3
Introduction 5
Company Write Up 5
History of the Las Vegas Sands Corporation 5
Competitors 7
The Company’s Position in the Industry 7
Recent Developments 8
Future Goals 8
Key Ratios and Analysis 10
Ratio Calculations 2008 10
Ratio Calculations 2009 12
Ratio Calculations 2010 14
Ratio Calculations 2011 16
Analysis 18
Conclusion 22
Appendix
References
Introduction
This financial management project will focus upon the Las Vegas Sands Corporation. It is a corporation founded by chairman and CEO, Sheldon G. Adelson. This report will analyze the Las Vegas Sands Corporation from the years 2008 to 2011. The four years of financial statements, ratios, and analysis will be presented to show the Sands’ previous financial positions. By looking at the balance sheets, income statements, and statements of cash flows, we will be able to deduce how the corporation evolved and changed during these four years.
Company Write Up
History of the Las Vegas Sands Corporation
The Las Vegas Sands Corporation was founded by its chairman and CEO, Sheldon G. Adelson. With the help of investors and friends, Adelson bought the Sands Hotel in 1989 and began expanding the corporation in 1997 with the construction of the Venetian Hotel. The Venetian Hotel was inspired by Adelson’s trip to Venice with his wife on his honeymoon; the romantic and historical atmosphere captured his attention (Las Vegas Sands Corporation, 2013). The Venetian Hotel focused upon the convention and tradeshow industry, entertaining its guests from all over the world. Despite its location in Las Vegas, the Venetian did not set its main focus upon casinos like its competitors. Adelson had a different vision; he wanted to make the rooms as luxurious
Financial Management 1
Submitted March 22, 2013
Table of Contents
Statement of Authorship 3
Introduction 5
Company Write Up 5
History of the Las Vegas Sands Corporation 5
Competitors 7
The Company’s Position in the Industry 7
Recent Developments 8
Future Goals 8
Key Ratios and Analysis 10
Ratio Calculations 2008 10
Ratio Calculations 2009 12
Ratio Calculations 2010 14
Ratio Calculations 2011 16
Analysis 18
Conclusion 22
Appendix
References
Introduction
This financial management project will focus upon the Las Vegas Sands Corporation. It is a corporation founded by chairman and CEO, Sheldon G. Adelson. This report will analyze the Las Vegas Sands Corporation from the years 2008 to 2011. The four years of financial statements, ratios, and analysis will be presented to show the Sands’ previous financial positions. By looking at the balance sheets, income statements, and statements of cash flows, we will be able to deduce how the corporation evolved and changed during these four years.
Company Write Up
History of the Las Vegas Sands Corporation
The Las Vegas Sands Corporation was founded by its chairman and CEO, Sheldon G. Adelson. With the help of investors and friends, Adelson bought the Sands Hotel in 1989 and began expanding the corporation in 1997 with the construction of the Venetian Hotel. The Venetian Hotel was inspired by Adelson’s trip to Venice with his wife on his honeymoon; the romantic and historical atmosphere captured his attention (Las Vegas Sands Corporation, 2013). The Venetian Hotel focused upon the convention and tradeshow industry, entertaining its guests from all over the world. Despite its location in Las Vegas, the Venetian did not set its main focus upon casinos like its competitors. Adelson had a different vision; he wanted to make the rooms as luxurious
References: Agence France Presse. (2013, February 8). Business Insider. Retrieved from Las Vegas Sands Confirms Plan For An Enormous Madrid Mega-Casino: http://www.businessinsider.com/las-vegas-sands-confirms-plan-for-an-enormous-madrid-mega-casino-2013-2 Barchart Daily Finance. (2013). AOL. Retrieved from AOL 's Top Competitors: http://www.dailyfinance.com/quote/nyse/aol/aol Hoovers Las Vegas Sands Corp. (2013). Sands. Retrieved from Eco360 Global Sustainability: http://sands.com/sands-eco-360/our-strategy/ Las Vegas Sands Corporation Las Vegas Sands Corporation. (2013). A Brief History of the Sands. Retrieved from Las Vegas Sands Corporation: http://sands.com/corporate-overview/history/ Las Vegas Sands Corporation Morningstar. (2013). Las Vegas Sands Corp. Retrieved from Balance Sheet: http://financials.morningstar.com/balance-sheet/bs.html?t=LVS®ion=USA&culture=en-us NASDAQ The Motley Fool. (2012). Las Vegas Sands Corp. Retrieved from Earnings Estimates: http://www.fool.com/quote/NYSE/las-vegas-sands-corp/LVS/earnings-growth-rates?source=itxwebtxt0000006 Yahoo! Finance