Las Vegas Sands Corp (LVS) — Free Cash Flow Generation Index
Las Vegas Sands Corp (LVS) has a Free Cash Flow Generation Index of 0.77x as of December 2025. Free cash flow of $930.00 Million represents 1% of operating cash flow ($1.20 Billion). Explore LVS capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Las Vegas Sands Corp Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for Las Vegas Sands Corp across 21 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Las Vegas Sands Corp.
Annual Free Cash Flow Generation for Las Vegas Sands Corp (2002–2025)
Year-by-year Free Cash Flow Generation Index for Las Vegas Sands Corp. Check LVS total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.59x | $1.65 Billion | $2.82 Billion | $1.17 Billion | ▲ +15.6% |
| 2024 | 0.51x | $1.62 Billion | $3.20 Billion | $1.58 Billion | ▼ -17.0% |
| 2023 | 0.61x | $1.97 Billion | $3.23 Billion | $1.26 Billion | ▲ +101.1% |
| 2021 | -54.93x | $-824.00 Million | $15.00 Million | $839.00 Million | ▼ -8361.8% |
| 2019 | 0.66x | $2.02 Billion | $3.04 Billion | $1.02 Billion | ▼ -16.7% |
| 2018 | 0.80x | $3.75 Billion | $4.70 Billion | $949.00 Million | ▼ -2.2% |
| 2017 | 0.82x | $3.71 Billion | $4.54 Billion | $837.00 Million | ▲ +26.9% |
| 2016 | 0.64x | $2.60 Billion | $4.04 Billion | $1.45 Billion | ▲ +15.2% |
| 2015 | 0.56x | $1.93 Billion | $3.46 Billion | $1.53 Billion | ▼ -26.2% |
| 2014 | 0.76x | $3.65 Billion | $4.83 Billion | $1.18 Billion | ▼ -4.0% |
| 2013 | 0.79x | $3.50 Billion | $4.44 Billion | $943.98 Million | ▲ +49.7% |
| 2012 | 0.53x | $1.61 Billion | $3.06 Billion | $1.45 Billion | ▲ +21.4% |
| 2011 | 0.43x | $1.15 Billion | $2.66 Billion | $1.51 Billion | ▲ +507.0% |
| 2010 | -0.11x | $-199.13 Million | $1.87 Billion | $2.07 Billion | ▲ +95.3% |
| 2009 | -2.28x | $-1.45 Billion | $638.61 Million | $2.09 Billion | ▲ +92.2% |
| 2008 | -29.34x | $-3.66 Billion | $124.87 Million | $3.79 Billion | ▼ -212.8% |
| 2007 | -9.38x | $-3.43 Billion | $365.46 Million | $3.79 Billion | ▼ -1944.2% |
| 2005 | -0.46x | $-270.70 Million | $589.92 Million | $860.62 Million | ▼ -85.5% |
| 2004 | -0.25x | $-92.38 Million | $373.37 Million | $465.75 Million | ▲ +76.2% |
| 2003 | -1.04x | $-142.83 Million | $137.12 Million | $279.95 Million | ▼ -81.3% |
| 2002 | -0.57x | $-49.90 Million | $86.84 Million | $136.74 Million | — |