Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2011

Condensed Consolidating Financial Information [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

NOTE 11 — CONDENSED CONSOLIDATING FINANCIAL INFORMATION

LVSC is the obligor of the Senior Notes due 2015. Las Vegas Sands, LLC, VCR, Mall Intermediate Holding Company, LLC, Venetian Transport, LLC, Venetian Marketing, Inc., Lido Intermediate Holding Company, LLC, Lido Casino Resort Holding Company, LLC, Interface Group-Nevada, Inc., Palazzo Condo Tower, LLC, Sands Pennsylvania, Inc., Phase II Mall Holding, LLC, LVS (Nevada) International Holdings, Inc. and LVS Management Services, LLC (collectively, the “Guarantor Subsidiaries”), have jointly and severally guaranteed the Senior Notes on a full and unconditional basis. The voting stock of all entities included as Guarantor Subsidiaries is 100% owned directly or indirectly by Las Vegas Sands Corp. The noncontrolling interest amount included in the Guarantor Subsidiaries’ condensed consolidating balance sheets is 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 was sold to GGP and in connection therewith, it was released as a guarantor under the Senior Notes. 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 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 Guarantor Subsidiaries, and therefore are included in the “Guarantor Subsidiaries” columns in the following condensed consolidating financial information. As a result, net assets of $4.8 million (consisting of $271.0 million of property and equipment, offset by $266.2 million of liabilities consisting of deferred proceeds from the sale) and $38.0 million (consisting of $282.1 million of property and equipment, offset by $244.1 million of liabilities consisting of deferred proceeds from the sale) as of June 30, 2011 and December 31, 2010, respectively, and a net loss (consisting primarily of depreciation expense) of $11.1 million for the three and six months ended June 30, 2011, and $3.7 million and $7.4 million for the three and six months ended June 30, 2010, respectively, related to the mall and are being accounted for by the Guarantor Subsidiaries. These balances and amounts are not collateral for the Senior Notes and should not be considered as credit support for the guarantees of the Senior Notes.

The condensed consolidating financial information of LVSC, the Guarantor Subsidiaries and the non-guarantor subsidiaries on a combined basis as of June 30, 2011 and December 31, 2010, and for the three and six months ended June 30, 2011 and 2010, is as follows (in thousands):

Condensed Consolidating Balance Sheets
June 30, 2011

							Consolidating/
	Las Vegas		Guarantor		Non-Guarantor		Eliminating
	Sands Corp.		Subsidiaries		Subsidiaries		Entries			Total
Cash and cash equivalents	$	898,445	$	527,972	$	2,052,689	$	—		$	3,479,106
Restricted cash and cash equivalents		—		417		170,811		—			171,228
Intercompany receivables		89,797		66,887		24,320		(181,004	)		—
Accounts receivable, net		1,356		183,668		784,415		(451	)		968,988
Inventories		2,448		12,296		20,890		—			35,634
Deferred income taxes, net		—		23,777		306		(9,370	)		14,713
Prepaid expenses and other		9,512		6,824		35,300		—			51,636
Total current assets		1,001,558		821,841		3,088,731		(190,825	)		4,721,305
Property and equipment, net		132,171		3,468,373		11,292,246		—			14,892,790
Investment in subsidiaries		7,150,809		5,690,170		—		(12,840,979	)		—
Deferred financing costs, net		688		25,189		108,005		—			133,882
Restricted cash and cash equivalents		—		4,307		268,256		—			272,563
Intercompany receivables		30,815		112,041		—		(142,856	)		—
Intercompany notes receivable		—		724,122		—		(724,122	)		—
Deferred income taxes, net		44,608		—		—		(35,349	)		9,259
Leasehold interests in land, net		—		—		1,441,023		—			1,441,023
Intangible assets, net		690		—		85,154		—			85,844
Other assets, net		113		24,992		155,386		—			180,491
Total assets	$	8,361,452	$	10,871,035	$	16,438,801	$	(13,934,131	)	$	21,737,157
Accounts payable	$	10,487	$	23,859	$	59,058	$	(451	)	$	92,953
Construction payables		33		1,888		381,568		—			383,489
Intercompany payables		24,320		89,797		66,887		(181,004	)		—
Accrued interest payable		4,623		1,043		8,316		—			13,982
Other accrued liabilities		12,843		176,716		946,745		—			1,136,304
Income taxes payable		4,970		3		34,157		—			39,130
Deferred income taxes		9,370		—		—		(9,370	)		—
Current maturities of long-term debt		3,688		30,583		1,039,213		—			1,073,484
Total current liabilities		70,334		323,889		2,535,944		(190,825	)		2,739,342
Other long-term liabilities		26,761		10,552		42,625		—			79,938
Intercompany payables		54,739		—		88,117		(142,856	)		—
Intercompany notes payable		—		—		724,122		(724,122	)		—
Deferred income taxes		—		35,489		133,719		(35,349	)		133,859
Deferred amounts related to mall transactions		—		431,972		—		—			431,972
Long-term debt		261,969		2,854,624		5,868,803		—			8,985,396
Total liabilities		413,803		3,656,526		9,393,330		(1,093,152	)		12,370,507
Preferred stock issued to Principal Stockholder’s family		549,651		—		—		—			549,651
Total Las Vegas Sands Corp. stockholders’ equity		7,397,998		7,214,104		5,626,875		(12,840,979	)		7,397,998
Noncontrolling interests		—		405		1,418,596		—			1,419,001
Total equity		7,397,998		7,214,509		7,045,471		(12,840,979	)		8,816,999
Total liabilities and equity	$	8,361,452	$	10,871,035	$	16,438,801	$	(13,934,131	)	$	21,737,157

Condensed Consolidating Balance Sheets
December 31, 2010

							Consolidating/
	Las Vegas		Guarantor		Non-Guarantor		Eliminating
	Sands Corp.		Subsidiaries		Subsidiaries		Entries			Total
Cash and cash equivalents	$	1,031,844	$	412,226	$	1,593,011	$	—		$	3,037,081
Restricted cash and cash equivalents		—		2,179		162,136		—			164,315
Intercompany receivables		11,843		65,834		22,927		(100,604	)		—
Accounts receivable, net		298		156,012		561,217		(608	)		716,919
Inventories		2,174		11,755		18,331		—			32,260
Deferred income taxes, net		—		24,496		47,389		(10,279	)		61,606
Prepaid expenses and other		15,272		4,782		30,432		(3,760	)		46,726
Total current assets		1,061,431		677,284		2,435,443		(115,251	)		4,058,907
Property and equipment, net		133,901		3,570,465		10,797,831		—			14,502,197
Investment in subsidiaries		6,273,755		4,996,023		—		(11,269,778	)		—
Deferred financing costs, net		767		29,198		125,413		—			155,378
Restricted cash and cash equivalents		—		4,616		640,989		—			645,605
Intercompany receivables		31,996		97,813		—		(129,809	)		—
Intercompany notes receivable		—		638,986		—		(638,986	)		—
Deferred income taxes, net		62,638		—		—		(52,215	)		10,423
Leasehold interests in land, net		—		—		1,398,840		—			1,398,840
Intangible assets, net		590		—		89,215		—			89,805
Other assets, net		78		27,104		155,971		—			183,153
Total assets	$	7,565,156	$	10,041,489	$	15,643,702	$	(12,206,039	)	$	21,044,308
Accounts payable	$	5,750	$	26,975	$	81,388	$	(608	)	$	113,505
Construction payables		—		2,179		514,802		—			516,981
Intercompany payables		22,926		11,843		65,835		(100,604	)		—
Accrued interest payable		4,629		7,689		30,307		—			42,625
Other accrued liabilities		15,692		175,011		969,531		—			1,160,234
Income taxes payable		—		—		3,760		(3,760	)		—
Deferred income taxes		10,279		—		—		(10,279	)		—
Current maturities of long-term debt		3,687		30,606		732,775		—			767,068
Total current liabilities		62,963		254,303		2,398,398		(115,251	)		2,600,413
Other long-term liabilities		26,761		10,911		40,568		—			78,240
Intercompany payables		45,336		—		84,473		(129,809	)		—
Intercompany notes payable		—		—		638,986		(638,986	)		—
Deferred income taxes		—		53,034		114,400		(52,215	)		115,219
Deferred amounts related to mall transactions		—		442,114		—		—			442,114
Long-term debt		263,726		2,869,931		6,240,098		—			9,373,755
Total liabilities		398,786		3,630,293		9,516,923		(936,261	)		12,609,741
Preferred stock issued to Principal Stockholder’s family		503,379		—		—		—			503,379
Total Las Vegas Sands Corp. stockholders’ equity		6,662,991		6,410,791		4,858,987		(11,269,778	)		6,662,991
Noncontrolling interests		—		405		1,267,792		—			1,268,197
Total equity		6,662,991		6,411,196		6,126,779		(11,269,778	)		7,931,188
Total liabilities and equity	$	7,565,156	$	10,041,489	$	15,643,702	$	(12,206,039	)	$	21,044,308

Condensed Consolidating Statements of Operations
For the Three Months Ended June 30, 2011

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Revenues:
Casino	$	—		$	105,123		$	1,757,149		$	—		$	1,862,272
Rooms		—			112,931			126,765			—			239,696
Food and beverage		—			47,573			98,443			—			146,016
Convention, retail and other		—			69,156			166,066			(34,580	)		200,642
		—			334,783			2,148,423			(34,580	)		2,448,626
Less-promotional allowances		(172	)		(16,217	)		(86,772	)		(369	)		(103,530	)
Net revenues		(172	)		318,566			2,061,651			(34,949	)		2,345,096
Operating expenses:
Casino		—			59,818			915,146			(551	)		974,413
Rooms		—			33,981			16,752			—			50,733
Food and beverage		—			23,354			51,289			(1,508	)		73,135
Convention, retail and other		—			21,561			89,230			(5,767	)		105,024
Provision for doubtful accounts		—			495			23,001			—			23,496
General and administrative		—			63,702			159,994			(135	)		223,561
Corporate expense		37,069			83			32,212			(26,988	)		42,376
Rental expense		—			—			10,034			—			10,034
Pre-opening expense		—			15			18,163			—			18,178
Development expense		2,420			—			—			—			2,420
Depreciation and amortization		4,478			63,800			137,883			—			206,161
(Gain) loss on disposal of assets		7,663			2,082			(2,302	)		—			7,443
		51,630			268,891			1,451,402			(34,949	)		1,736,974
Operating income (loss)		(51,802	)		49,675			610,249			—			608,122
Other income (expense):
Interest income		2,531			27,179			1,301			(26,983	)		4,028
Interest expense, net of amounts capitalized		(3,450	)		(22,862	)		(71,263	)		26,983			(70,592	)
Other income		—			989			919			—			1,908
Income from equity investments in subsidiaries		442,863			368,364			—			(811,227	)		—
Income before income taxes		390,142			423,345			541,206			(811,227	)		543,466
Income tax benefit (expense)		20,495			(17,969	)		(56,900	)		—			(54,374	)
Net income		410,637			405,376			484,306			(811,227	)		489,092
Net income attributable to noncontrolling interests		—			(1,292	)		(77,163	)		—			(78,455	)
Net income attributable to Las Vegas Sands Corp.	$	410,637		$	404,084		$	407,143		$	(811,227	)	$	410,637

Condensed Consolidating Statements of Operations
For the Three Months Ended June 30, 2010

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Revenues:
Casino	$	—		$	102,902		$	1,191,399		$	—		$	1,294,301
Rooms		—			120,169			70,598			—			190,767
Food and beverage		—			41,273			63,806			—			105,079
Convention, retail and other		—			44,070			81,911			(10,715	)		115,266
		—			308,414			1,407,714			(10,715	)		1,705,413
Less-promotional allowances		(115	)		(40,794	)		(69,389	)		(639	)		(110,937	)
Net revenues		(115	)		267,620			1,338,325			(11,354	)		1,594,476
Operating expenses:
Casino		—			68,180			723,336			(569	)		790,947
Rooms		—			25,040			9,034			(1	)		34,073
Food and beverage		—			18,005			31,387			(1,594	)		47,798
Convention, retail and other		—			18,137			51,077			(3,888	)		65,326
Provision for doubtful accounts		—			9,355			9,356			—			18,711
General and administrative		—			63,460			109,733			(274	)		172,919
Corporate expense		22,036			51			8,867			(5,000	)		25,954
Rental expense		—			—			12,806			—			12,806
Pre-opening expense		179			1			49,966			(28	)		50,118
Development expense		676			—			—			—			676
Depreciation and amortization		3,017			57,671			110,006			—			170,694
Loss on disposal of assets		—			8,704			28,975			—			37,679
		25,908			268,604			1,144,543			(11,354	)		1,427,701
Operating income (loss)		(26,023	)		(984	)		193,782			—			166,775
Other income (expense):
Interest income		815			21,755			846			(21,343	)		2,073
Interest expense, net of amounts capitalized		(3,886	)		(27,144	)		(67,300	)		21,343			(76,987	)
Other expense		—			(255	)		(5,946	)		—			(6,201	)
Gain on early retirement of debt		961			—			—			—			961
Income from equity investments in subsidiaries		85,577			83,098			—			(168,675	)		—
Income before income taxes		57,444			76,470			121,382			(168,675	)		86,621
Income tax benefit (expense)		(15,637	)		7,710			(146	)		—			(8,073	)
Net income		41,807			84,180			121,236			(168,675	)		78,548
Net income attributable to noncontrolling interests		—			—			(36,741	)		—			(36,741	)
Net income attributable to Las Vegas Sands Corp.	$	41,807		$	84,180		$	84,495		$	(168,675	)	$	41,807

Condensed Consolidating Statements of Operations
For the Six Months Ended June 30, 2011

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Revenues:
Casino	$	—		$	188,246		$	3,338,515		$	—		$	3,526,761
Rooms		—			225,805			245,865			—			471,670
Food and beverage		—			97,880			193,529			—			291,409
Convention, retail and other		—			133,699			296,125			(64,527	)		365,297
		—			645,630			4,074,034			(64,527	)		4,655,137
Less-promotional allowances		(335	)		(33,843	)		(163,168	)		(776	)		(198,122	)
Net revenues		(335	)		611,787			3,910,866			(65,303	)		4,457,015
Operating expenses:
Casino		—			124,186			1,772,891			(1,128	)		1,895,949
Rooms		—			66,229			32,957			—			99,186
Food and beverage		—			46,950			100,852			(2,964	)		144,838
Convention, retail and other		—			42,714			159,812			(10,257	)		192,269
Provision for doubtful accounts		—			6,591			51,963			—			58,554
General and administrative		—			124,434			309,967			(355	)		434,046
Corporate expense		70,049			138			60,364			(50,599	)		79,952
Rental expense		—			—			23,190			—			23,190
Pre-opening expense		—			15			27,634			—			27,649
Development expense		2,993			—			—			—			2,993
Depreciation and amortization		8,661			116,613			271,124			—			396,398
(Gain) loss on disposal of assets		7,663			2,027			(1,748	)		—			7,942
		89,366			529,897			2,809,006			(65,303	)		3,362,966
Operating income (loss)		(89,701	)		81,890			1,101,860			—			1,094,049
Other income (expense):
Interest income		3,088			52,454			2,593			(52,060	)		6,075
Interest expense, net of amounts capitalized		(6,900	)		(45,934	)		(143,403	)		52,060			(144,177	)
Other income (expense)		—			272			(3,039	)		—			(2,767	)
Income from equity investments in subsidiaries		771,802			646,086			—			(1,417,888	)		—
Income before income taxes		678,289			734,768			958,011			(1,417,888	)		953,180
Income tax benefit (expense)		21,671			(27,021	)		(94,235	)		—			(99,585	)
Net income		699,960			707,747			863,776			(1,417,888	)		853,595
Net income attributable to noncontrolling interests		—			(1,292	)		(152,343	)		—			(153,635	)
Net income attributable to Las Vegas Sands Corp.	$	699,960		$	706,455		$	711,433		$	(1,417,888	)	$	699,960

Condensed Consolidating Statements of Operations
For the Six Months Ended June 30, 2010

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Revenues:
Casino	$	—		$	258,247		$	2,097,824		$	—		$	2,356,071
Rooms		—			240,236			131,313			—			371,549
Food and beverage		—			84,795			112,363			—			197,158
Convention, retail and other		—			95,092			148,152			(19,763	)		223,481
		—			678,370			2,489,652			(19,763	)		3,148,259
Less-promotional allowances		(247	)		(91,444	)		(125,874	)		(1,330	)		(218,895	)
Net revenues		(247	)		586,926			2,363,778			(21,093	)		2,929,364
Operating expenses:
Casino		—			154,832			1,331,926			(1,176	)		1,485,582
Rooms		—			48,251			15,477			(1	)		63,727
Food and beverage		—			36,337			58,986			(3,222	)		92,101
Convention, retail and other		—			37,837			92,015			(6,122	)		123,730
Provision for doubtful accounts		—			17,695			17,458			—			35,153
General and administrative		—			120,035			179,681			(538	)		299,178
Corporate expense		42,307			132			16,991			(10,000	)		49,430
Rental expense		—			—			21,504			—			21,504
Pre-opening expense		357			3			87,251			(34	)		87,577
Development expense		833			—			—			—			833
Depreciation and amortization		6,036			116,130			201,617			—			323,783
Loss on disposal of assets		—			8,704			29,467			—			38,171
		49,533			539,956			2,052,373			(21,093	)		2,620,769
Operating income (loss)		(49,780	)		46,970			311,405			—			308,595
Other income (expense):
Interest income		1,319			42,033			1,356			(41,002	)		3,706
Interest expense, net of amounts capitalized		(8,164	)		(56,708	)		(131,282	)		41,002			(155,152	)
Other expense		—			(271	)		(12,378	)		—			(12,649	)
Gain (loss) on early retirement of debt		3,358			—			(221	)		—			3,137
Income from equity investments in subsidiaries		136,167			108,654			—			(244,821	)		—
Income before income taxes		82,900			140,678			168,880			(244,821	)		147,637
Income tax benefit (expense)		(23,512	)		(730	)		2,967			—			(21,275	)
Net income		59,388			139,948			171,847			(244,821	)		126,362
Net income attributable to noncontrolling interests		—			—			(66,974	)		—			(66,974	)
Net income attributable to Las Vegas Sands Corp.	$	59,388		$	139,948		$	104,873		$	(244,821	)	$	59,388

Condensed Consolidating Statements of Cash Flows
For the Six Months Ended June 30, 2011

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Net cash generated from (used in) operating activities	$	(82,787	)	$	139,097		$	1,025,213		$	—		$	1,081,523
Cash flows from investing activities:
Changes in restricted cash and cash equivalents		—			2,071			364,609			—			366,680
Capital expenditures		(6,898	)		(16,951	)		(696,847	)		—			(720,696	)
Proceeds from disposal of property and equipment		—			—			4,416			—			4,416
Acquisition of intangible assets		(100	)		—			(475	)		—			(575	)
Notes receivable to non-guarantor subsidiaries		—			(34,171	)		—			34,171			—
Dividends from Guarantor Subsidiaries		49,078			—			—			(49,078	)		—
Dividends from non-guarantor subsidiaries		—			41,400			—			(41,400	)		—
Capital contributions to subsidiaries		(50,000	)		—			—			50,000			—
Net used in investing activities		(7,920	)		(7,651	)		(328,297	)		(6,307	)		(350,175	)
Cash flows from financing activities:
Proceeds from exercise of stock options		13,030			—			1,300			—			14,330
Proceeds from exercise of warrants		6,760			—			—			—			6,760
Dividends paid to preferred stockholders		(38,817	)		—			—			—			(38,817	)
Dividends paid to Las Vegas Sands Corp.		—			(49,078	)		—			49,078			—
Dividends paid to Guarantor Subsidiaries		—			—			(41,400	)		41,400			—
Distributions to noncontrolling interests		—			(1,292	)		(4,571	)		—			(5,863	)
Capital contributions received		—			50,000			—			(50,000	)		—
Borrowings from Guarantor Subsidiaries		—			—			34,171			(34,171	)		—
Repayments on Singapore credit facility		—			—			(198,940	)		—			(198,940	)
Repayments on VML credit facility		—			—			(25,000	)		—			(25,000	)
Repayments on senior secured credit facility		—			(14,469	)		—			—			(14,469	)
Repayments on ferry financing		—			—			(17,508	)		—			(17,508	)
Repayments on airplane financings		(1,844	)		—			—			—			(1,844	)
Repayments on HVAC equipment lease		—			(861	)		—			—			(861	)
Repayments on FF&E facility and other long-term debt		—			—			(896	)		—			(896	)
Repurchase of preferred stock		(5,328	)		—			—			—			(5,328	)
Payments of preferred stock inducement premium		(16,493	)		—			—			—			(16,493	)
Payments of deferred financing costs		—			—			(57	)		—			(57	)
Net cash used in financing activities		(42,692	)		(15,700	)		(252,901	)		6,307			(304,986	)
Effect of exchange rate on cash		—			—			15,663			—			15,663
Increase (decrease) in cash and cash equivalents		(133,399	)		115,746			459,678			—			442,025
Cash and cash equivalents at beginning of period		1,031,844			412,226			1,593,011			—			3,037,081
Cash and cash equivalents at end of period	$	898,445		$	527,972		$	2,052,689		$	—		$	3,479,106

Condensed Consolidating Statements of Cash Flows
For the Six Months Ended June 30, 2010

										Consolidating/
	Las Vegas			Guarantor			Non-Guarantor			Eliminating
	Sands Corp.			Subsidiaries			Subsidiaries			Entries			Total
Net cash generated from (used in) operating activities	$	(60,730	)	$	190,889		$	507,746		$	—		$	637,905
Cash flows from investing activities:
Changes in restricted cash		—			159			22,767			—			22,926
Capital expenditures		(5,246	)		(12,545	)		(1,109,477	)		—			(1,127,268	)
Proceeds from disposal of property and equipment		—			745			4,902			—			5,647
Acquisition of intangible assets		—			—			(43,305	)		—			(43,305	)
Purchases of investments		—			—			(173,774	)		—			(173,774	)
Notes receivable to non-guarantor subsidiaries		—			(72,723	)		—			72,723			—
Dividends from Guarantor Subsidiaries		3,042,483			—			—			(3,042,483	)		—
Dividends from non-guarantor subsidiaries		—			23,400			—			(23,400	)		—
Capital contributions to subsidiaries		(2,700,000	)		(16,500	)		—			2,716,500			—
Net cash generated from (used in) investing activities		337,237			(77,464	)		(1,298,887	)		(276,660	)		(1,315,774	)
Cash flows from financing activities:
Proceeds from exercise of stock options		3,923			—			—			—			3,923
Dividends paid to preferred stockholders		(46,700	)		—			—			—			(46,700	)
Dividends paid to Las Vegas Sands Corp.		—			(3,042,483	)		—			3,042,483			—
Dividends paid to Guarantor Subsidiaries		—			—			(23,400	)		23,400			—
Capital contributions received		—			2,700,000			16,500			(2,716,500	)		—
Borrowings from Guarantor Subsidiaries		—			—			72,723			(72,723	)		—
Proceeds from Singapore credit facility		—			—			596,560			—			596,560
Repayments on senior secured credit facility		—			(795,860	)		—			—			(795,860	)
Repayments on VML credit facility		—			—			(375,036	)		—			(375,036	)
Repurchase and cancellation of senior notes		(56,675	)		—			—			—			(56,675	)
Repayments on ferry financing		—			—			(17,493	)		—			(17,493	)
Repayments on airplane financings		(1,844	)		—			—			—			(1,844	)
Repayments on HVAC equipment lease		—			(882	)		—			—			(882	)
Repayments on FF&E facility and other long-term debt		—			(16,700	)		(728	)		—			(17,428	)
Payments of deferred financing costs		—			—			(54,365	)		—			(54,365	)
Net cash generated from (used in) financing activities		(101,296	)		(1,155,925	)		214,761			276,660			(765,800	)
Effect of exchange rate on cash		—			—			7,088			—			7,088
Increase (decrease) in cash and cash equivalents		175,211			(1,042,500	)		(569,292	)		—			(1,436,581	)
Cash and cash equivalents at beginning of period		254,256			3,033,625			1,667,535			—			4,955,416
Cash and cash equivalents at end of period	$	429,467		$	1,991,125		$	1,098,243		$	—		$	3,518,835