01—Abstract
Summary
Summary of the 10-K/A filed March 30, 2011. Cited figures are marked; the original filing is the authoritative source.
This Form 10-K Item 15 section of Las Vegas Sands Corp. lists the financial statements, schedule, and exhibits filed with the company's annual report, signed by Kenneth J.
Kay, Executive Vice President and Chief Financial Officer, on March 29, 2011. The financial statements listed are the report of the independent registered public accounting firm, consolidated balance sheets, consolidated statements of operations, consolidated statements of equity and comprehensive income (loss), consolidated statements of cash flows, and notes to the consolidated financial statements. Schedule II, Valuation and Qualifying Accounts, is also listed.
The filing itself does not present the amounts from these statements. The exhibit index shows the company's main financing and operating arrangements. These include a credit and guaranty agreement for Las Vegas Sands, LLC amended and restated in August 2010, a May 2010 credit agreement and sponsor agreement for Sands China Ltd., and several credit and disbursement agreements for Venetian Macau and VML US Finance LLC.
It also lists a facility agreement and sponsor support agreement for Marina Bay Sands in Singapore, and Macao land and gaming concession agreements. Executive employment agreements are indexed for Sheldon G. Adelson, Michael A.
Leven, Robert G. Goldstein, and Kenneth J. Kay, along with forms of restricted stock and stock option agreements under the 2004 Equity Award Plan.
The index also includes XBRL interactive data files, which the filing states are furnished under Rule 406T and deemed not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934. Several exhibits are filed with the Form 10-K for fiscal 2010, and one Macao subconcession contract has confidential treatment granted for portions of it.
02—Key points
Key Highlights
- Signed March 29, 2011 by Kenneth J. Kay, Executive Vice President and Chief Financial Officer, for the annual report covering fiscal 2010.
- Lists audited consolidated balance sheets, statements of operations, equity and comprehensive income (loss), and cash flows, plus notes and Schedule II, Valuation and Qualifying Accounts.
- Indexes financing agreements for Las Vegas Sands, LLC (amended and restated credit and guaranty agreement dated August 2010) and for Sands China Ltd. (credit agreement and sponsor agreement dated May 17, 2010).
- Indexes Macau and Singapore project agreements, including the Venetian Macau and VML US Finance credit agreements and the Marina Bay Sands facility and sponsor support agreements.
- Includes executive employment agreements for Sheldon G. Adelson, Michael A. Leven, Robert G. Goldstein, and Kenneth J. Kay.
- Furnishes XBRL interactive data files, which are deemed not filed for purposes of Sections 11, 12, and 18 of the federal securities laws.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed March 30, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $6.85B$4.56B | +50.2% |
| R&D Expenses | $1.78M$533K | +234.5% |
| SG&A Expenses | $683.30M$526.20M | +29.9% |
| Operating Expenses | $5.67B$4.59B | +23.5% |
| Operating Income | $1.18B-$28.74M | +4207.8% |
| Interest Expense | $306.81M$321.87M | −4.7% |
| Net Income | $599.39M-$354.48M | +269.1% |
| EPS (Basic) | $0.61$-0.82 | +174.4% |
| EPS (Diluted) | $0.51$-0.82 | +162.2% |
| Shares Outstanding (Basic) | 667.46M656.84M | +1.6% |
| Shares Outstanding (Diluted) | 791.76M656.84M | +20.5% |
05—Questions
Frequently Asked Questions
Who signed this annual report and when?
The report was signed on behalf of Las Vegas Sands Corp. by Kenneth J. Kay, Executive Vice President and Chief Financial Officer, dated March 29, 2011.
Which financial statements are listed in this filing?
The listed statements are the report of the independent registered public accounting firm, consolidated balance sheets, consolidated statements of operations, consolidated statements of equity and comprehensive income (loss), consolidated statements of cash flows, notes to the consolidated financial statements, and Schedule II, Valuation and Qualifying Accounts.
What major credit facilities are referenced in the exhibits?
The exhibit index references an amended and restated credit and guaranty agreement for Las Vegas Sands, LLC dated August 2010, a credit agreement for Venetian Orient Limited dated May 17, 2010, a credit agreement for VML US Finance LLC and Venetian Macau Limited dated May 25, 2006 as later amended, and a facility agreement for Marina Bay Sands Pte. Ltd. dated December 28, 2007.
Are the XBRL data files part of the filed report?
The filing states that the XBRL interactive data files are furnished herewith and, under Rule 406T of Regulation S-T, are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, and not filed for purposes of Section 18 of the Securities Exchange Act of 1934.
06—Continue