Condensed Consolidating Financial Information | CONDENSED CONSOLIDATING FINANCIAL INFORMATION LVSLLC, as the issuer and primary obligor of the 2013 U.S. Credit Facility, VCR, Venetian Marketing, Inc., Sands Expo & Convention Center, Inc. and Sands Pennsylvania, Inc. (collectively, the “Restricted Subsidiaries”) are all guarantors under the 2013 U.S. Credit Facility. The noncontrolling interest amounts included in the Restricted Subsidiaries’ condensed consolidating financial information are related to non-voting preferred stock of one of the subsidiaries held by third parties. In February 2008, all of the capital stock of Phase II Mall Subsidiary, LLC (a subsidiary of VCR) was sold to GGP; however, the sale is not complete from an accounting perspective due to the Company’s continuing involvement in the transaction related to the participation in certain potential future revenues earned by GGP. Certain of the assets, liabilities and operating results related to the ownership and operation of the mall by Phase II Mall Subsidiary, LLC subsequent to the sale will continue to be accounted for by the Restricted Subsidiaries, and therefore are included in the “Restricted Subsidiaries” columns in the following condensed consolidating financial information. As a result, net liabilities of $46.6 million (consisting of $268.5 million of liabilities, primarily comprised of deferred proceeds from the sale, partially offset by $221.9 million of property and equipment) and $40.3 million (consisting of $268.8 million of liabilities, primarily comprised of deferred proceeds from the sale, partially offset by $228.5 million of property and equipment) as of September 30, 2015 and December 31, 2014 , respectively, and a net loss (consisting primarily of depreciation expense) of $2.3 million and $7.0 million for the three and nine months ended September 30, 2015 , respectively, and $2.9 million and $9.2 million for the three and nine months ended September 30, 2014 , respectively, related to the mall and are being accounted for by the Restricted Subsidiaries. These balances and amounts are not collateral for the 2013 U.S. Credit Facility. The following condensed consolidating financial information of LVSC, a non-guarantor parent; the Restricted Subsidiaries, including LVSLLC as the issuer; and the non-restricted subsidiaries on a combined basis as of September 30, 2015 and December 31, 2014 , and for the three and nine months ended September 30, 2015 and 2014 , is being presented in order to meet the reporting requirements under the 2013 U.S. Credit Facility, and is not intended to comply with SEC Regulation S-X 3-10 (in thousands): CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2015 LVSC (Non-Guarantor Parent) Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Cash and cash equivalents $ 56,741 $ 258,992 $ 1,539,733 $ — $ 1,855,466 Restricted cash and cash equivalents — — 7,514 — 7,514 Intercompany receivables 617,230 262,307 — (879,537 ) — Intercompany notes receivable — — 376,622 (376,622 ) — Accounts receivable, net 850 269,679 1,044,662 — 1,315,191 Inventories 6,750 10,394 22,611 — 39,755 Deferred income taxes, net 6,494 30,575 629 (37,698 ) — Prepaid expenses and other 24,766 14,308 72,271 (48 ) 111,297 Total current assets 712,831 846,255 3,064,042 (1,293,905 ) 3,329,223 Property and equipment, net 118,983 2,898,677 12,492,444 — 15,510,104 Investments in subsidiaries 6,592,378 4,713,169 — (11,305,547 ) — Deferred financing costs, net 80 20,965 158,260 — 179,305 Intercompany receivables 215 17,476 — (17,691 ) — Intercompany notes receivable — 1,394,011 — (1,394,011 ) — Deferred income taxes, net — — 133,494 (103,502 ) 29,992 Leasehold interests in land, net — — 1,263,390 — 1,263,390 Intangible assets, net 690 — 74,179 — 74,869 Other assets, net 380 17,985 97,642 — 116,007 Total assets $ 7,425,557 $ 9,908,538 $ 17,283,451 $ (14,114,656 ) $ 20,502,890 Accounts payable $ 5,594 $ 30,811 $ 59,622 $ — $ 96,027 Construction payables 19 1,375 330,456 — 331,850 Intercompany payables — 533,113 346,424 (879,537 ) — Intercompany notes payable 376,622 — — (376,622 ) — Accrued interest payable 75 1,143 8,556 — 9,774 Other accrued liabilities 33,278 218,242 1,391,341 — 1,642,861 Deferred income taxes — — 52,467 (37,698 ) 14,769 Income taxes payable 438 — 174,297 (48 ) 174,687 Current maturities of long-term debt 3,688 24,033 66,951 — 94,672 Total current liabilities 419,714 808,717 2,430,114 (1,293,905 ) 2,364,640 Other long-term liabilities 1,872 8,804 112,173 — 122,849 Intercompany payables — — 17,691 (17,691 ) — Intercompany notes payable — — 1,394,011 (1,394,011 ) — Deferred income taxes 55,225 48,277 176,076 (103,502 ) 176,076 Deferred amounts related to mall sale transactions — 418,703 — — 418,703 Long-term debt 57,217 2,493,833 6,483,221 — 9,034,271 Total liabilities 534,028 3,778,334 10,613,286 (2,809,109 ) 12,116,539 Total Las Vegas Sands Corp. stockholders’ equity 6,891,529 6,129,799 5,175,748 (11,305,547 ) 6,891,529 Noncontrolling interests — 405 1,494,417 — 1,494,822 Total equity 6,891,529 6,130,204 6,670,165 (11,305,547 ) 8,386,351 Total liabilities and equity $ 7,425,557 $ 9,908,538 $ 17,283,451 $ (14,114,656 ) $ 20,502,890 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Cash and cash equivalents $ 114,125 $ 345,399 $ 3,046,795 $ — $ 3,506,319 Restricted cash and cash equivalents — — 6,566 — 6,566 Intercompany receivables 431,754 255,371 — (687,125 ) — Intercompany notes receivable — — 370,836 (370,836 ) — Accounts receivable, net 15,144 270,838 1,224,790 — 1,510,772 Inventories 5,238 10,745 25,691 — 41,674 Deferred income taxes, net 6,803 31,240 1,196 (39,239 ) — Prepaid expenses and other 26,210 11,889 87,530 (461 ) 125,168 Total current assets 599,274 925,482 4,763,404 (1,097,661 ) 5,190,499 Property and equipment, net 130,155 2,979,485 12,262,834 — 15,372,474 Investments in subsidiaries 7,010,357 5,864,848 — (12,875,205 ) — Deferred financing costs, net 123 25,153 180,320 — 205,596 Intercompany receivables 226 38,763 — (38,989 ) — Intercompany notes receivable — 1,250,544 — (1,250,544 ) — Deferred income taxes, net — — 127,963 (96,243 ) 31,720 Leasehold interests in land, net — — 1,353,090 — 1,353,090 Intangible assets, net 690 — 85,570 — 86,260 Other assets, net 714 19,736 101,602 — 122,052 Total assets $ 7,741,539 $ 11,104,011 $ 18,874,783 $ (15,358,642 ) $ 22,361,691 Accounts payable $ 8,065 $ 25,489 $ 79,167 $ — $ 112,721 Construction payables 156 4,001 266,772 — 270,929 Intercompany payables — 430,596 256,529 (687,125 ) — Intercompany notes payable 370,836 — — (370,836 ) — Accrued interest payable 76 1,030 6,837 — 7,943 Other accrued liabilities 31,050 233,781 1,719,613 — 1,984,444 Deferred income taxes — — 51,761 (39,239 ) 12,522 Income taxes payable — — 224,662 (461 ) 224,201 Current maturities of long-term debt 3,688 24,224 71,822 — 99,734 Total current liabilities 413,871 719,121 2,677,163 (1,097,661 ) 2,712,494 Other long-term liabilities 3,014 9,255 112,345 — 124,614 Intercompany payables — — 38,989 (38,989 ) — Intercompany notes payable — — 1,250,544 (1,250,544 ) — Deferred income taxes 51,085 45,158 188,935 (96,243 ) 188,935 Deferred amounts related to mall sale transactions — 422,153 — — 422,153 Long-term debt 59,983 3,230,653 6,602,277 — 9,892,913 Total liabilities 527,953 4,426,340 10,870,253 (2,483,437 ) 13,341,109 Total Las Vegas Sands Corp. stockholders’ equity 7,213,586 6,677,266 6,197,939 (12,875,205 ) 7,213,586 Noncontrolling interests — 405 1,806,591 — 1,806,996 Total equity 7,213,586 6,677,671 8,004,530 (12,875,205 ) 9,020,582 Total liabilities and equity $ 7,741,539 $ 11,104,011 $ 18,874,783 $ (15,358,642 ) $ 22,361,691 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 127,868 $ 2,114,703 $ — $ 2,242,571 Rooms — 138,042 241,836 — 379,878 Food and beverage — 54,290 133,783 — 188,073 Mall — — 140,556 — 140,556 Convention, retail and other — 76,985 98,462 (45,686 ) 129,761 — 397,185 2,729,340 (45,686 ) 3,080,839 Less — promotional allowances (152 ) (24,559 ) (161,772 ) (673 ) (187,156 ) Net revenues (152 ) 372,626 2,567,568 (46,359 ) 2,893,683 Operating expenses: Casino — 77,301 1,173,330 (770 ) 1,249,861 Rooms — 39,148 28,212 — 67,360 Food and beverage — 28,093 72,836 (973 ) 99,956 Mall — — 14,739 — 14,739 Convention, retail and other — 20,630 53,867 (7,079 ) 67,418 Provision for doubtful accounts — 8,634 24,123 — 32,757 General and administrative — 83,559 230,841 (283 ) 314,117 Corporate 28,770 56 45,900 (37,238 ) 37,488 Pre-opening — — 9,629 (2 ) 9,627 Development 3,153 — 8 (14 ) 3,147 Depreciation and amortization 6,747 43,180 197,771 — 247,698 Amortization of leasehold interests in land — — 9,737 — 9,737 Loss on disposal of assets — — 709 — 709 38,670 300,601 1,861,702 (46,359 ) 2,154,614 Operating income (loss) (38,822 ) 72,025 705,866 — 739,069 Other income (expense): Interest income 13 53,008 4,017 (54,880 ) 2,158 Interest expense, net of amounts capitalized (2,281 ) (26,457 ) (93,104 ) 54,880 (66,962 ) Other income (expense) — (5,324 ) 21,599 — 16,275 Income from equity investments in subsidiaries 476,969 363,425 — (840,394 ) — Income before income taxes 435,879 456,677 638,378 (840,394 ) 690,540 Income tax benefit (expense) 83,479 (41,512 ) (114,314 ) — (72,347 ) Net income 519,358 415,165 524,064 (840,394 ) 618,193 Net income attributable to noncontrolling interests — (775 ) (98,060 ) — (98,835 ) Net income attributable to Las Vegas Sands Corp. $ 519,358 $ 414,390 $ 426,004 $ (840,394 ) $ 519,358 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Three Months Ended September 30, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 165,070 $ 2,732,014 $ — $ 2,897,084 Rooms — 115,620 271,247 — 386,867 Food and beverage — 39,497 146,324 — 185,821 Mall — — 150,728 — 150,728 Convention, retail and other — 73,387 100,834 (45,763 ) 128,458 — 393,574 3,401,147 (45,763 ) 3,748,958 Less — promotional allowances (255 ) (23,207 ) (191,770 ) (604 ) (215,836 ) Net revenues (255 ) 370,367 3,209,377 (46,367 ) 3,533,122 Operating expenses: Casino — 78,908 1,556,870 (818 ) 1,634,960 Rooms — 35,752 30,549 — 66,301 Food and beverage — 22,595 74,123 (969 ) 95,749 Mall — — 18,032 — 18,032 Convention, retail and other — 21,668 55,443 (8,278 ) 68,833 Provision for doubtful accounts — 10,936 20,167 — 31,103 General and administrative — 75,457 266,275 (231 ) 341,501 Corporate 37,084 798 40,887 (36,065 ) 42,704 Pre-opening — 36 (2,450 ) — (2,414 ) Development 3,039 — 10 (6 ) 3,043 Depreciation and amortization 4,951 45,368 200,683 — 251,002 Amortization of leasehold interests in land — — 10,086 — 10,086 (Gain) loss on disposal of assets — (4 ) 805 — 801 45,074 291,514 2,271,480 (46,367 ) 2,561,701 Operating income (loss) (45,329 ) 78,853 937,897 — 971,421 Other income (expense): Interest income 49 45,699 6,753 (46,892 ) 5,609 Interest expense, net of amounts capitalized (1,596 ) (27,703 ) (84,372 ) 46,892 (66,779 ) Other income (expense) — (1,690 ) 1,785 — 95 Loss on modification or early retirement of debt — — (1,978 ) — (1,978 ) Income from equity investments in subsidiaries 708,737 634,464 — (1,343,201 ) — Income before income taxes 661,861 729,623 860,085 (1,343,201 ) 908,368 Income tax benefit (expense) 9,844 (46,663 ) (11,050 ) — (47,869 ) Net income 671,705 682,960 849,035 (1,343,201 ) 860,499 Net income attributable to noncontrolling interests — (536 ) (188,258 ) — (188,794 ) Net income attributable to Las Vegas Sands Corp. $ 671,705 $ 682,424 $ 660,777 $ (1,343,201 ) $ 671,705 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 326,158 $ 6,594,599 $ — $ 6,920,757 Rooms — 402,490 700,060 — 1,102,550 Food and beverage — 163,278 392,624 — 555,902 Mall — — 403,652 — 403,652 Convention, retail and other — 241,850 286,220 (138,658 ) 389,412 — 1,133,776 8,377,155 (138,658 ) 9,372,273 Less — promotional allowances (598 ) (67,051 ) (475,899 ) (1,999 ) (545,547 ) Net revenues (598 ) 1,066,725 7,901,256 (140,657 ) 8,826,726 Operating expenses: Casino — 224,463 3,678,237 (2,442 ) 3,900,258 Rooms — 113,891 84,100 — 197,991 Food and beverage — 82,688 216,027 (2,975 ) 295,740 Mall — — 45,217 — 45,217 Convention, retail and other — 66,044 161,389 (21,793 ) 205,640 Provision for doubtful accounts — 26,914 99,249 — 126,163 General and administrative — 238,292 716,758 (853 ) 954,197 Corporate 105,962 234 133,629 (112,549 ) 127,276 Pre-opening — — 29,865 (5 ) 29,860 Development 7,052 — 16 (40 ) 7,028 Depreciation and amortization 20,441 128,497 601,274 — 750,212 Amortization of leasehold interests in land — — 29,060 — 29,060 Loss on disposal of assets — 2,191 16,399 — 18,590 133,455 883,214 5,811,220 (140,657 ) 6,687,232 Operating income (loss) (134,053 ) 183,511 2,090,036 — 2,139,494 Other income (expense): Interest income 105 151,657 18,020 (157,184 ) 12,598 Interest expense, net of amounts capitalized (6,653 ) (82,236 ) (267,313 ) 157,184 (199,018 ) Other income (expense) — (3,446 ) 35,035 — 31,589 Income from equity investments in subsidiaries 1,461,516 1,177,503 — (2,639,019 ) — Income before income taxes 1,320,915 1,426,989 1,875,778 (2,639,019 ) 1,984,663 Income tax benefit (expense) 179,539 (102,604 ) (250,876 ) — (173,941 ) Net income 1,500,454 1,324,385 1,624,902 (2,639,019 ) 1,810,722 Net income attributable to noncontrolling interests — (2,272 ) (307,996 ) — (310,268 ) Net income attributable to Las Vegas Sands Corp. $ 1,500,454 $ 1,322,113 $ 1,316,906 $ (2,639,019 ) $ 1,500,454 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Nine Months Ended September 30, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 379,178 $ 8,902,781 $ — $ 9,281,959 Rooms — 377,849 784,356 — 1,162,205 Food and beverage — 153,588 429,216 — 582,804 Mall — — 378,832 — 378,832 Convention, retail and other — 237,578 292,815 (138,730 ) 391,663 — 1,148,193 10,788,000 (138,730 ) 11,797,463 Less — promotional allowances (996 ) (65,530 ) (561,457 ) (1,624 ) (629,607 ) Net revenues (996 ) 1,082,663 10,226,543 (140,354 ) 11,167,856 Operating expenses: Casino — 217,495 4,977,715 (2,401 ) 5,192,809 Rooms — 108,277 86,405 — 194,682 Food and beverage — 75,150 219,678 (3,082 ) 291,746 Mall — — 53,104 — 53,104 Convention, retail and other — 78,304 179,913 (24,252 ) 233,965 Provision for doubtful accounts — 26,820 115,870 — 142,690 General and administrative — 236,831 769,409 (708 ) 1,005,532 Corporate 124,220 1,736 122,443 (109,895 ) 138,504 Pre-opening — 133 17,895 (1 ) 18,027 Development 8,861 — 106 (15 ) 8,952 Depreciation and amortization 19,566 136,995 619,504 — 776,065 Amortization of leasehold interests in land — — 30,152 — 30,152 (Gain) loss on disposal of assets — 6,751 (1,829 ) — 4,922 152,647 888,492 7,190,365 (140,354 ) 8,091,150 Operating income (loss) (153,643 ) 194,171 3,036,178 — 3,076,706 Other income (expense): Interest income 123 130,747 20,566 (134,327 ) 17,109 Interest expense, net of amounts capitalized (4,736 ) (84,987 ) (252,099 ) 134,327 (207,495 ) Other expense — (1,447 ) (921 ) — (2,368 ) Loss on modification or early retirement of debt — — (19,942 ) — (19,942 ) Income from equity investments in subsidiaries 2,183,199 1,950,227 — (4,133,426 ) — Income before income taxes 2,024,943 2,188,711 2,783,782 (4,133,426 ) 2,864,010 Income tax benefit (expense) 94,381 (100,749 ) (147,571 ) — (153,939 ) Net income 2,119,324 2,087,962 2,636,211 (4,133,426 ) 2,710,071 Net income attributable to noncontrolling interests — (1,612 ) (589,135 ) — (590,747 ) Net income attributable to Las Vegas Sands Corp. $ 2,119,324 $ 2,086,350 $ 2,047,076 $ (4,133,426 ) $ 2,119,324 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Three Months Ended September 30, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net income $ 519,358 $ 415,165 $ 524,064 $ (840,394 ) $ 618,193 Currency translation adjustment, before and after tax (112,743 ) (95,366 ) (112,314 ) 208,109 (112,314 ) Total comprehensive income 406,615 319,799 411,750 (632,285 ) 505,879 Comprehensive income attributable to noncontrolling interests — (775 ) (98,489 ) — (99,264 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 406,615 $ 319,024 $ 313,261 $ (632,285 ) $ 406,615 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Three Months Ended September 30, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net income $ 671,705 $ 682,960 $ 849,035 $ (1,343,201 ) $ 860,499 Currency translation adjustment, before and after tax (49,299 ) (42,807 ) (52,349 ) 92,106 (52,349 ) Total comprehensive income 622,406 640,153 796,686 (1,251,095 ) 808,150 Comprehensive income attributable to noncontrolling interests — (536 ) (185,208 ) — (185,744 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 622,406 $ 639,617 $ 611,478 $ (1,251,095 ) $ 622,406 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net income $ 1,500,454 $ 1,324,385 $ 1,624,902 $ (2,639,019 ) $ 1,810,722 Currency translation adjustment, net of reclassification adjustment and before and after tax (162,441 ) (137,883 ) (160,902 ) 300,324 (160,902 ) Total comprehensive income 1,338,013 1,186,502 1,464,000 (2,338,695 ) 1,649,820 Comprehensive income attributable to noncontrolling interests — (2,272 ) (309,535 ) — (311,807 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 1,338,013 $ 1,184,230 $ 1,154,465 $ (2,338,695 ) $ 1,338,013 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net income $ 2,119,324 $ 2,087,962 $ 2,636,211 $ (4,133,426 ) $ 2,710,071 Currency translation adjustment, before and after tax (15,761 ) (14,249 ) (18,151 ) 30,010 (18,151 ) Total comprehensive income 2,103,563 2,073,713 2,618,060 (4,103,416 ) 2,691,920 Comprehensive income attributable to noncontrolling interests — (1,612 ) (586,745 ) — (588,357 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 2,103,563 $ 2,072,101 $ 2,031,315 $ (4,103,416 ) $ 2,103,563 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net cash generated from operating activities $ 1,635,949 $ 2,248,729 $ 2,286,233 $ (3,730,425 ) $ 2,440,486 Cash flows from investing activities: Change in restricted cash and cash equivalents — — (941 ) — (941 ) Capital expenditures (9,406 ) (52,519 ) (1,051,042 ) — (1,112,967 ) Proceeds from disposal of property and equipment — 13 810 — 823 Dividends received from non-restricted subsidiaries — 1,231,308 — (1,231,308 ) — Repayments of receivable from non-restricted subsidiaries — 1,964 — (1,964 ) — Capital contributions to subsidiaries — (1,143,708 ) — 1,143,708 — Net cash generated from (used in) investing activities (9,406 ) 37,058 (1,051,173 ) (89,564 ) (1,113,085 ) Cash flows from financing activities: Proceeds from exercise of stock options 10,015 — 3,294 — 13,309 Excess tax benefit from stock option exercises 2,345 — — — 2,345 Repurchase of common stock (138,418 ) — — — (138,418 ) Dividends paid (1,555,103 ) — (619,120 ) — (2,174,223 ) Distributions to noncontrolling interests — (2,272 ) (7,876 ) — (10,148 ) Dividends paid to Las Vegas Sands Corp. — (1,631,706 ) (98,841 ) 1,730,547 — Dividends paid to Restricted Subsidiaries — — (3,231,186 ) 3,231,186 — Capital contributions received — — 1,143,708 (1,143,708 ) — Repayments on borrowings from Restricted Subsidiaries — — (1,964 ) 1,964 — Proceeds from 2011 VML credit facility — — 999,277 — 999,277 Proceeds from 2013 U.S. credit facility — 760,000 — — 760,000 Repayments on 2013 U.S. credit facility — (1,496,874 ) — — (1,496,874 ) Repayments on 2011 VML credit facility — — (820,188 ) — (820,188 ) Repayments on 2012 Singapore credit facility — — (51,001 ) — (51,001 ) Repayments on airplane financings (2,766 ) — — — (2,766 ) Repayments on HVAC equipment lease and other long-term debt — (1,342 ) (1,532 ) — (2,874 ) Payments of deferred financing costs — — (11,745 ) — (11,745 ) Net cash used in financing activities (1,683,927 ) (2,372,194 ) (2,697,174 ) 3,819,989 (2,933,306 ) Effect of exchange rate on cash — — (44,948 ) — (44,948 ) Decrease in cash and cash equivalents (57,384 ) (86,407 ) (1,507,062 ) — (1,650,853 ) Cash and cash equivalents at beginning of period 114,125 345,399 3,046,795 — 3,506,319 Cash and cash equivalents at end of period $ 56,741 $ 258,992 $ 1,539,733 $ — $ 1,855,466 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net cash generated from operating activities $ 2,714,186 $ 2,593,710 $ 3,481,769 $ (5,172,169 ) $ 3,617,496 Cash flows from investing activities: Change in restricted cash and cash equivalents — — 313 — 313 Capital expenditures (23,824 ) (78,763 ) (690,527 ) — (793,114 ) Proceeds from disposal of property and equipment — 667 913 — 1,580 Dividends received from non-restricted subsidiaries — 1,238,236 — (1,238,236 ) — Repayments of receivable from non-restricted subsidiaries — 1,615 — (1,615 ) — Capital contributions to subsidiaries — (1,171,006 ) — 1,171,006 — Net cash used in investing activities (23,824 ) (9,251 ) (689,301 ) (68,845 ) (791,221 ) Cash flows from financing activities: Proceeds from exercise of stock options 40,837 — 7,606 — 48,443 Repurchase of common stock (1,439,231 ) — — — (1,439,231 ) Dividends paid (1,209,808 ) — (776,570 ) — (1,986,378 ) Distributions to noncontrolling interests — (1,612 ) (5,553 ) — (7,165 ) Dividends paid to Las Vegas Sands Corp. — (2,771,500 ) (88,131 ) 2,859,631 — Dividends paid to Restricted Subsidiaries — — (3,550,774 ) 3,550,774 — Capital contributions received — — 1,171,006 (1,171,006 ) — Repayments on borrowings from Restricted Subsidiaries — — (1,615 ) 1,615 — Proceeds from 2013 U.S. credit facility — 1,428,000 — — 1,428,000 Proceeds from 2011 VML credit facility — — 819,725 — 819,725 Repayments on 2013 U.S. credit facility — (1,224,875 ) — — (1,224,875 ) Repayments on 2011 VML credit facility — — (819,680 ) — (819,680 ) Repayments on airplane financings (2,766 ) — — — (2,766 ) Repayments on HVAC equipment lease and other long-term debt — (1,797 ) (2,760 ) — (4,557 ) Payments of deferred financing costs — — (88,167 ) — (88,167 ) Net cash used in financing activities (2,610,968 ) (2,571,784 ) (3,334,913 ) 5,241,014 (3,276,651 ) Effect of exchange rate on cash — — (2,929 ) — (2,929 ) Increase (decrease) in cash and cash equivalents 79,394 12,675 (545,374 ) — (453,305 ) Cash and cash equivalents at beginning of period 50,180 315,489 3,234,745 — 3,600,414 Cash and cash equivalents at end of period $ 129,574 $ 328,164 $ 2,689,371 $ — $ 3,147,109 |