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 $48.7 million (consisting of $268.4 million of liabilities, comprised of deferred proceeds from the sale, partially offset by $219.7 million of property and equipment) and $40.3 million (consisting of $268.8 million of liabilities, comprised primarily of deferred proceeds from the sale, partially offset by $228.5 million of property and equipment) as of December 31, 2015 and 2014 , respectively, and a net loss (consisting primarily of depreciation expense) of $9.4 million , $11.8 million and $12.9 million for the years ended December 31, 2015 , 2014 and 2013 , 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. Additionally, LVSC is a holding company and, as a result, its ability to pay dividends is dependent on its subsidiaries’ ability to provide funds to it. Restrictions imposed by the Company’s U.S., Macao and Singapore credit facilities may restrict the Company’s key subsidiaries holding a majority of the consolidated group’s total assets from making dividends or distributions, subject to certain exceptions as defined in the agreements, unless certain financial and non-financial criteria have been satisfied. LVSC received cash dividends of $2.36 billion , $3.41 billion and $1.84 billion from its subsidiaries during the years ended December 31, 2015 , 2014 and 2013 , respectively. 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 December 31, 2015 and 2014 , and for each of the three years in the period ended December 31, 2015 , 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 December 31, 2015 LVSC (Non-Guarantor Parent) Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Cash and cash equivalents $ 64,817 $ 359,467 $ 1,755,206 $ — $ 2,179,490 Restricted cash and cash equivalents — — 7,901 — 7,901 Intercompany receivables 665,285 264,959 — (930,244 ) — Intercompany notes receivables — — 378,612 (378,612 ) — Accounts receivable, net 6,640 263,705 997,503 — 1,267,848 Inventories 8,024 11,600 22,949 — 42,573 Prepaid expenses and other 23,659 13,151 74,661 (33 ) 111,438 Total current assets 768,425 912,882 3,236,832 (1,308,889 ) 3,609,250 Property and equipment, net 113,817 2,867,664 12,750,157 — 15,731,638 Investments in subsidiaries 6,464,794 4,804,582 — (11,269,376 ) — Deferred financing costs, net 65 19,569 150,059 — 169,693 Intercompany receivables 215 17,476 — (17,691 ) — Intercompany notes receivable — 1,446,464 — (1,446,464 ) — Deferred income taxes, net — — 80,779 (57,098 ) 23,681 Leasehold interests in land, net — — 1,262,132 — 1,262,132 Intangible assets, net 690 — 70,896 — 71,586 Other assets, net 380 21,903 97,158 — 119,441 Total assets $ 7,348,386 $ 10,090,540 $ 17,648,013 $ (14,099,518 ) $ 20,987,421 Accounts payable $ 5,807 $ 28,268 $ 76,333 $ — $ 110,408 Construction payables 124 1,179 362,833 — 364,136 Intercompany payables — 572,128 358,116 (930,244 ) — Intercompany notes payable 378,612 — — (378,612 ) — Accrued interest payable 79 1,290 494 — 1,863 Other accrued liabilities 34,458 220,978 1,438,869 — 1,694,305 Income taxes payable 38 — 198,051 (33 ) 198,056 Current maturities of long-term debt 3,688 24,020 67,659 — 95,367 Total current liabilities 422,806 847,863 2,502,355 (1,308,889 ) 2,464,135 Other long-term liabilities 1,610 9,780 101,978 — 113,368 Intercompany payables — — 17,691 (17,691 ) — Intercompany notes payable — — 1,446,464 (1,446,464 ) — Deferred income taxes 50,934 26,992 180,906 (57,098 ) 201,734 Deferred amounts related to mall transactions — 417,552 — — 417,552 Long-term debt 56,295 2,818,239 6,498,111 — 9,372,645 Total liabilities 531,645 4,120,426 10,747,505 (2,830,142 ) 12,569,434 Total Las Vegas Sands Corp. stockholders’ equity 6,816,741 5,969,709 5,299,667 (11,269,376 ) 6,816,741 Noncontrolling interests — 405 1,600,841 — 1,601,246 Total equity 6,816,741 5,970,114 6,900,508 (11,269,376 ) 8,417,987 Total liabilities and equity $ 7,348,386 $ 10,090,540 $ 17,648,013 $ (14,099,518 ) $ 20,987,421 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2014 LVSC (Non-Guarantor parent) 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 Prepaid expenses and other 26,210 11,889 87,530 (461 ) 125,168 Total current assets 592,471 894,242 4,762,208 (1,058,422 ) 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 — — 76,950 (52,874 ) 24,076 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 $ 7,734,736 $ 11,072,771 $ 18,822,574 $ (15,276,034 ) $ 22,354,047 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 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 2,625,402 (1,058,422 ) 2,699,972 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 44,283 13,918 188,486 (52,874 ) 193,813 Deferred amounts related to mall transactions — 422,153 — — 422,153 Long-term debt 59,983 3,230,653 6,602,277 — 9,892,913 Total liabilities 521,151 4,395,100 10,818,043 (2,400,829 ) 13,333,465 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 $ 7,734,737 $ 11,072,771 $ 18,822,573 $ (15,276,034 ) $ 22,354,047 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 455,539 $ 8,627,465 $ — $ 9,083,004 Rooms — 543,994 925,880 — 1,469,874 Food and beverage — 218,824 538,688 — 757,512 Mall — — 564,309 — 564,309 Convention, retail and other — 324,554 399,220 (184,123 ) 539,651 — 1,542,911 11,055,562 (184,123 ) 12,414,350 Less — promotional allowances (763 ) (92,293 ) (630,185 ) (2,648 ) (725,889 ) Net revenues (763 ) 1,450,618 10,425,377 (186,771 ) 11,688,461 Operating expenses: Casino — 300,954 4,816,106 (3,190 ) 5,113,870 Rooms — 151,297 111,143 — 262,440 Food and beverage — 110,131 296,595 (4,066 ) 402,660 Mall — — 61,299 — 61,299 Convention, retail and other — 86,681 218,356 (28,216 ) 276,821 Provision for doubtful accounts — 35,912 119,723 — 155,635 General and administrative — 319,763 948,845 (1,193 ) 1,267,415 Corporate 135,822 294 190,098 (150,045 ) 176,169 Pre-opening — — 47,514 (5 ) 47,509 Development 10,414 — 14 (56 ) 10,372 Depreciation and amortization 26,815 170,691 801,413 — 998,919 Amortization of leasehold interests in land — — 38,645 — 38,645 Loss on disposal of assets — 13,016 22,216 — 35,232 173,051 1,188,739 7,671,967 (186,771 ) 8,846,986 Operating income (loss) (173,814 ) 261,879 2,753,410 — 2,841,475 Other income (expense): Interest income 111 206,609 22,530 (214,165 ) 15,085 Interest expense, net of amounts capitalized (9,000 ) (108,818 ) (361,567 ) 214,165 (265,220 ) Other income (expense) — (1,805 ) 32,347 — 30,542 Income from equity investments in subsidiaries 1,941,839 1,567,804 — (3,509,643 ) — Income before income taxes 1,759,136 1,925,669 2,446,720 (3,509,643 ) 2,621,882 Income tax benefit (expense) 207,100 (149,376 ) (293,909 ) — (236,185 ) Net income 1,966,236 1,776,293 2,152,811 (3,509,643 ) 2,385,697 Net income attributable to noncontrolling interests — (3,240 ) (416,221 ) — (419,461 ) Net income attributable to Las Vegas Sands Corp. $ 1,966,236 $ 1,773,053 $ 1,736,590 $ (3,509,643 ) $ 1,966,236 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 509,206 $ 11,495,155 $ — $ 12,004,361 Rooms — 491,493 1,048,927 — 1,540,420 Food and beverage — 201,892 576,877 — 778,769 Mall — — 553,534 — 553,534 Convention, retail and other — 320,409 410,967 (182,672 ) 548,704 — 1,523,000 14,085,460 (182,672 ) 15,425,788 Less — promotional allowances (1,279 ) (88,929 ) (749,504 ) (2,227 ) (841,939 ) Net revenues (1,279 ) 1,434,071 13,335,956 (184,899 ) 14,583,849 Operating expenses: Casino — 298,641 6,410,119 (3,226 ) 6,705,534 Rooms — 139,837 116,998 — 256,835 Food and beverage — 99,427 297,212 (4,079 ) 392,560 Mall — — 69,732 — 69,732 Convention, retail and other — 101,983 249,968 (31,192 ) 320,759 Provision for doubtful accounts — 37,059 149,663 — 186,722 General and administrative — 305,279 953,831 (977 ) 1,258,133 Corporate 156,775 1,807 161,570 (145,402 ) 174,750 Pre-opening — 98 26,133 (1 ) 26,230 Development 14,210 — 137 (22 ) 14,325 Depreciation and amortization 26,020 183,566 822,003 — 1,031,589 Amortization of leasehold interests in land — — 40,598 — 40,598 (Gain) loss on disposal of assets (42 ) 7,233 (335 ) — 6,856 196,963 1,174,930 9,297,629 (184,899 ) 10,484,623 Operating income (loss) (198,242 ) 259,141 4,038,327 — 4,099,226 Other income (expense): Interest income 180 178,136 30,406 (183,079 ) 25,643 Interest expense, net of amounts capitalized (6,442 ) (113,546 ) (337,272 ) 183,079 (274,181 ) Other income (expense) (791 ) (4,732 ) 7,488 — 1,965 Loss on modification or early retirement of debt — — (19,942 ) — (19,942 ) Income from equity investments in subsidiaries 2,919,958 2,598,506 — (5,518,464 ) — Income before income taxes 2,714,663 2,917,505 3,719,007 (5,518,464 ) 3,832,711 Income tax benefit (expense) 125,966 (141,089 ) (229,517 ) — (244,640 ) Net income 2,840,629 2,776,416 3,489,490 (5,518,464 ) 3,588,071 Net income attributable to noncontrolling interests — (2,274 ) (745,168 ) — (747,442 ) Net income attributable to Las Vegas Sands Corp. $ 2,840,629 $ 2,774,142 $ 2,744,322 $ (5,518,464 ) $ 2,840,629 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2013 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Revenues: Casino $ — $ 584,372 $ 10,802,545 $ — $ 11,386,917 Rooms — 472,518 908,163 — 1,380,681 Food and beverage — 197,371 532,888 — 730,259 Mall — — 481,400 — 481,400 Convention, retail and other — 310,276 377,791 (172,888 ) 515,179 — 1,564,537 13,102,787 (172,888 ) 14,494,436 Less — promotional allowances (1,455 ) (91,217 ) (629,994 ) (1,885 ) (724,551 ) Net revenues (1,455 ) 1,473,320 12,472,793 (174,773 ) 13,769,885 Operating expenses: Casino — 314,966 6,171,744 (2,992 ) 6,483,718 Rooms — 157,497 114,449 (4 ) 271,942 Food and beverage — 90,507 283,366 (4,303 ) 369,570 Mall — — 73,358 — 73,358 Convention, retail and other — 106,242 238,296 (26,669 ) 317,869 Provision for doubtful accounts — 29,977 207,809 — 237,786 General and administrative — 341,659 988,927 (846 ) 1,329,740 Corporate 164,926 1,264 163,287 (139,942 ) 189,535 Pre-opening — 911 12,428 — 13,339 Development 15,207 — 619 (17 ) 15,809 Depreciation and amortization 26,165 186,871 794,432 — 1,007,468 Amortization of leasehold interests in land — — 40,352 — 40,352 (Gain) loss on disposal of assets (12,641 ) 1,823 21,974 — 11,156 193,657 1,231,717 9,111,041 (174,773 ) 10,361,642 Operating income (loss) (195,112 ) 241,603 3,361,752 — 3,408,243 Other income (expense): Interest income 1,155 173,203 18,189 (176,210 ) 16,337 Interest expense, net of amounts capitalized (4,269 ) (88,972 ) (354,180 ) 176,210 (271,211 ) Other income (expense) (5,282 ) (2,322 ) 11,925 — 4,321 Loss on modification or early retirement of debt — (14,178 ) — — (14,178 ) Income from equity investments in subsidiaries 2,416,604 2,119,936 — (4,536,540 ) — Income before income taxes 2,213,096 2,429,270 3,037,686 (4,536,540 ) 3,143,512 Income tax benefit (expense) 92,901 (133,519 ) (148,218 ) — (188,836 ) Net income 2,305,997 2,295,751 2,889,468 (4,536,540 ) 2,954,676 Net income attributable to noncontrolling interests — (2,894 ) (645,785 ) — (648,679 ) Net income attributable to Las Vegas Sands Corp. $ 2,305,997 $ 2,292,857 $ 2,243,683 $ (4,536,540 ) $ 2,305,997 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net income $ 1,966,236 $ 1,776,293 $ 2,152,811 $ (3,509,643 ) $ 2,385,697 Currency translation adjustment, net of reclassification adjustment and before and after tax (142,384 ) (120,949 ) (141,012 ) 263,333 (141,012 ) Total comprehensive income 1,823,852 1,655,344 2,011,799 (3,246,310 ) 2,244,685 Comprehensive income attributable to noncontrolling interests — (3,240 ) (417,593 ) — (420,833 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 1,823,852 $ 1,652,104 $ 1,594,206 $ (3,246,310 ) $ 1,823,852 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2014 LVSC Restricted Non-Restricted Consolidating/ Total Net income $ 2,840,629 $ 2,776,416 $ 3,489,490 $ (5,518,464 ) $ 3,588,071 Currency translation adjustment, before and after tax (97,682 ) (83,039 ) (98,414 ) 180,721 (98,414 ) Total comprehensive income 2,742,947 2,693,377 3,391,076 (5,337,743 ) 3,489,657 Comprehensive income attributable to noncontrolling interests — (2,274 ) (744,436 ) — (746,710 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 2,742,947 $ 2,691,103 $ 2,646,640 $ (5,337,743 ) $ 2,742,947 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2013 LVSC Restricted Non-Restricted Consolidating/ Total Net income $ 2,305,997 $ 2,295,751 $ 2,889,468 $ (4,536,540 ) $ 2,954,676 Currency translation adjustment, before and after tax (89,295 ) (75,797 ) (89,976 ) 165,092 (89,976 ) Total comprehensive income 2,216,702 2,219,954 2,799,492 (4,371,448 ) 2,864,700 Comprehensive income attributable to noncontrolling interests — (2,894 ) (645,104 ) — (647,998 ) Comprehensive income attributable to Las Vegas Sands Corp. $ 2,216,702 $ 2,217,060 $ 2,154,388 $ (4,371,448 ) $ 2,216,702 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2015 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net cash generated from operating activities $ 2,221,658 $ 2,601,691 $ 3,229,278 $ (4,602,656 ) $ 3,449,971 Cash flows from investing activities: Change in restricted cash and cash equivalents — — (1,328 ) — (1,328 ) Capital expenditures (10,518 ) (74,789 ) (1,443,335 ) — (1,528,642 ) Proceeds from disposal of property and equipment 10 81 1,413 — 1,504 Repayments of receivable from non-restricted subsidiaries — 2,285 — (2,285 ) — Dividends received from non-restricted subsidiaries — 1,506,308 — (1,506,308 ) — Capital contributions to subsidiaries (22 ) (1,383,708 ) — 1,383,730 — Net cash generated from (used in) investing activities (10,530 ) 50,177 (1,443,250 ) (124,863 ) (1,528,466 ) Cash flows from financing activities: Proceeds from exercise of stock options 13,313 — 3,563 — 16,876 Excess tax benefit from stock option exercises 8,785 — — — 8,785 Repurchase of common stock (205,084 ) — — — (205,084 ) Dividends paid (2,073,762 ) — (619,120 ) — (2,692,882 ) Distributions to noncontrolling interests — (3,240 ) (10,668 ) — (13,908 ) Dividends paid to Las Vegas Sands Corp. — (2,220,335 ) (142,205 ) 2,362,540 — Dividends paid to Restricted Subsidiaries — — (3,746,424 ) 3,746,424 — Capital contributions received — — 1,383,730 (1,383,730 ) — Repayments on borrowings from Restricted Subsidiaries — — (2,285 ) 2,285 — Proceeds from 2013 U.S. credit facility — 1,090,000 — — 1,090,000 Proceeds from 2011 VML credit facility — — 999,277 — 999,277 Repayments on 2013 U.S. credit facility — (1,502,500 ) — — (1,502,500 ) Repayments on 2011 VML credit facility — — (820,188 ) — (820,188 ) Repayments on 2012 Singapore credit facility — — (67,403 ) — (67,403 ) Repayments on airplane financings (3,688 ) — — — (3,688 ) Repayments on HVAC equipment lease and other long-term debt — (1,725 ) (2,213 ) — (3,938 ) Payments of deferred financing costs — — (11,745 ) — (11,745 ) Net cash used in financing activities (2,260,436 ) (2,637,800 ) (3,035,681 ) 4,727,519 (3,206,398 ) Effect of exchange rate on cash — — (41,936 ) — (41,936 ) Increase (decrease) in cash and cash equivalents (49,308 ) 14,068 (1,291,589 ) — (1,326,829 ) Cash and cash equivalents at beginning of year 114,125 345,399 3,046,795 — 3,506,319 Cash and cash equivalents at end of year $ 64,817 $ 359,467 $ 1,755,206 $ — $ 2,179,490 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2014 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net cash generated from operating activities $ 3,223,393 $ 2,915,949 $ 4,643,445 $ (5,949,943 ) $ 4,832,844 Cash flows from investing activities: Change in restricted cash and cash equivalents — — 270 — 270 Capital expenditures (31,626 ) (102,502 ) (1,044,528 ) — (1,178,656 ) Proceeds from disposal of property and equipment 42 671 1,105 — 1,818 Repayments of receivable from non-restricted subsidiaries — 1,889 — (1,889 ) — Notes receivable to Las Vegas Sands Corp. — — (114,155 ) 114,155 — Dividends received from non-restricted subsidiaries — 1,418,221 — (1,418,221 ) — Capital contributions to subsidiaries — (1,327,991 ) — 1,327,991 — Net cash used in investing activities (31,584 ) (9,712 ) (1,157,308 ) 22,036 (1,176,568 ) Cash flows from financing activities: Proceeds from exercise of stock options 44,973 — 10,677 — 55,650 Excess tax benefit from stock option exercises 3,585 — — — 3,585 Repurchase of common stock (1,676,802 ) — — — (1,676,802 ) Dividends paid (1,610,087 ) — (776,570 ) — (2,386,657 ) Distributions to noncontrolling interests — (2,274 ) (7,499 ) — (9,773 ) Dividends paid to Las Vegas Sands Corp. — (3,279,161 ) (129,416 ) 3,408,577 — Dividends paid to Restricted Subsidiaries — — (3,959,587 ) 3,959,587 — Capital contributions received — — 1,327,991 (1,327,991 ) — Borrowings from non-restricted subsidiaries 114,155 — — (114,155 ) — Repayments on borrowings from Restricted Subsidiaries — — (1,889 ) 1,889 — Proceeds from 2013 U.S. credit facility — 1,678,000 — — 1,678,000 Proceeds from 2011 VML credit facility — — 819,725 — 819,725 Repayments on 2013 U.S. credit facility — (1,270,500 ) — — (1,270,500 ) Repayments on 2011 VML credit facility — — (819,680 ) — (819,680 ) Repayments on 2012 Singapore credit facility — — (17,930 ) — (17,930 ) Repayments on airplane financings (3,688 ) — — — (3,688 ) Repayments on HVAC equipment lease and other long-term debt — (2,392 ) (3,276 ) — (5,668 ) Payments of deferred financing costs — — (88,048 ) — (88,048 ) Net cash used in financing activities (3,127,864 ) (2,876,327 ) (3,645,502 ) 5,927,907 (3,721,786 ) Effect of exchange rate on cash — — (28,585 ) — (28,585 ) Increase (decrease) in cash and cash equivalents 63,945 29,910 (187,950 ) — (94,095 ) Cash and cash equivalents at beginning of year 50,180 315,489 3,234,745 — 3,600,414 Cash and cash equivalents at end of year $ 114,125 $ 345,399 $ 3,046,795 $ — $ 3,506,319 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2013 LVSC Restricted Subsidiaries Non-Restricted Subsidiaries Consolidating/ Eliminating Entries Total Net cash generated from operating activities $ 1,693,766 $ 1,892,021 $ 4,255,589 $ (3,401,964 ) $ 4,439,412 Cash flows from investing activities: Change in restricted cash and cash equivalents — 1 (383 ) — (382 ) Capital expenditures (29,901 ) (91,900 ) (776,310 ) — (898,111 ) Proceeds from disposal of property and equipment 31,000 121 1,034 — 32,155 Acquisition of intangible assets — — (45,871 ) — (45,871 ) Repayments of receivable from non-restricted subsidiaries — 1,357 — (1,357 ) — Notes receivable to Las Vegas Sands Corp. — — (251,537 ) 251,537 — Repayments of receivable from Las Vegas Sands Corp. — — 237,161 (237,161 ) Dividends received from non-restricted subsidiaries — 1,383,116 — (1,383,116 ) — Capital contributions to subsidiaries (68 ) (1,292,416 ) — 1,292,484 — Net cash generated from (used in) investing activities 1,031 279 (835,906 ) (77,613 ) (912,209 ) Cash flows from financing activities: Proceeds from exercise of stock options 50,223 — 19,373 — 69,596 Repurchase of common stock (561,150 ) — — — (561,150 ) Proceeds from exercise of warrants 350 — — — 350 Dividends paid (1,152,690 ) — (411,359 ) — (1,564,049 ) Distributions to noncontrolling interests — (2,894 ) (8,964 ) — (11,858 ) Dividends paid to Las Vegas Sands Corp. — (1,732,152 ) (108,570 ) 1,840,722 — Dividends paid to Restricted Subsidiaries — — (2,944,358 ) 2,944,358 — Capital contributions received — — 1,292,484 (1,292,484 ) — Borrowings from non-restricted subsidiaries 251,537 — — (251,537 ) — Repayments on borrowings from Restricted Subsidiaries — — (1,357 ) 1,357 — Repayments on borrowings from non-restricted subsidiaries (237,161 ) — — 237,161 — Proceeds from 2013 U.S. credit facility — 2,828,750 — — 2,828,750 Proceeds from senior secured credit facility — 250,000 — — 250,000 Proceeds from 2012 Singapore credit facility — — 104,357 — 104,357 Repayments on senior secured credit facility — (3,073,038 ) — — (3,073,038 ) Repayments on 2012 Singapore credit facility — — (430,504 ) — (430,504 ) Repayments on airplane financings (3,688 ) — — — (3,688 ) Repayments on HVAC equipment lease and other long-term debt — (2,350 ) (3,452 ) — (5,802 ) Payments of deferred financing costs — (27,529 ) (7,885 ) — (35,414 ) Net cash used in financing activities (1,652,579 ) (1,759,213 ) (2,500,235 ) 3,479,577 (2,432,450 ) Effect of exchange rate on cash — — (7,105 ) — (7,105 ) Increase in cash and cash equivalents 42,218 133,087 912,343 — 1,087,648 Cash and cash equivalents at beginning of year 7,962 182,402 2,322,402 — 2,512,766 Cash and cash equivalents at end of year $ 50,180 $ 315,489 $ 3,234,745 $ — $ 3,600,414 |