Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent		Guarantor Subsidiaries			Non–Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	447	$	46,440		$	78,672	$	—		$	125,559
Restricted cash	1,570		50			362		—			1,982
Receivables, net	1,135		13,210			13,244		—			27,589
Inventories	8		4,503			3,417		—			7,928
Prepaid gaming tax	—		10,754			10,156		—			20,910
Prepaid expenses and other current assets	2,788		3,261			3,866		—			9,915
Total current assets	5,948		78,218			109,717		—			193,883
Property and equipment, net	46,851		1,310,859			852,416		—			2,210,126
Goodwill	1,234		177,820			16,078		—			195,132
Intangible assets, net	1,045		59,878			143,127		—			204,050
Land held for development	—		—			220,105		—			220,105
Investments in joint ventures	—		—			10,054		—			10,054
Native American development costs	—		—			2,896		—			2,896
Investments in subsidiaries	2,387,247		—			—		(2,387,247		)	—
Other assets, net	8,106		13,059			26,343		—			47,508
Total assets	$	2,450,431	$	1,639,834		$	1,380,736	$	(2,387,247	)	$	3,083,754
LIABILITIES AND MEMBERS' EQUITY
Current liabilities:
Current portion of long-term debt	$	11,181	$	251		$	6,035	$	—		$	17,467
Accounts payable	525		10,354			6,509		—			17,388
Accrued interest payable	10,198		41			314		—			10,553
Accrued expenses and other current liabilities	9,452		51,036			42,457		—			102,945
Intercompany payables (receivables)	161,022		(167,195		)	6,173		—			—
Total current liabilities	192,378		(105,513		)	61,488		—			148,353
Long-term debt, less current portion	1,388,974		1,956			660,139		—			2,051,069
Deficit investments in joint ventures	—		—			2,370		—			2,370
Other long-term liabilities, net	20,300		—			12,883		—			33,183
Total liabilities	1,601,652		(103,557		)	736,880		—			2,234,975

CONDENSED CONSOLIDATING BALANCE SHEETS (continued) September 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Members' equity:
Additional paid-in capital	837,632			1,620,865		605,116			(2,225,981		)	837,632
Accumulated other comprehensive loss	(28,355		)	—		(8,216		)	8,216			(28,355		)
Retained earnings	—			122,526		7,454			(129,980		)	—
Total Station Casinos LLC members' equity	809,277			1,743,391		604,354			(2,347,745		)	809,277
Noncontrolling interest	39,502			—		39,502			(39,502		)	39,502
Total members' equity	848,779			1,743,391		643,856			(2,387,247		)	848,779
Total liabilities and members' equity	$	2,450,431		$	1,639,834	$	1,380,736		$	(2,387,247	)	$	3,083,754

CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	(2,420	)	$	50,479	$	47,762	$	—		$	95,821
Restricted cash	1,562			50		393		—			2,005
Receivables, net	876			13,170		13,400		—			27,446
Inventories	9			5,453		3,682		—			9,144
Prepaid gaming tax	—			9,520		8,660		—			18,180
Prepaid expenses and other current assets	3,139			4,553		4,009		—			11,701
Total current assets	3,166			83,225		77,906		—			164,297
Property and equipment, net	47,715			1,335,042		863,308		—			2,246,065
Goodwill	1,234			177,820		16,078		—			195,132
Intangible assets, net	1,000			61,311		151,781		—			214,092
Land held for development	—			—		227,857		—			227,857
Investments in joint ventures	—			—		10,157		—			10,157
Native American development costs	—			—		70,516		—			70,516
Investments in subsidiaries	2,302,071			—		—		(2,302,071		)	—
Other assets, net	7,283			12,782		30,168		—			50,233
Total assets	$	2,362,469		$	1,670,180	$	1,447,771	$	(2,302,071	)	$	3,178,349

CONDENSED CONSOLIDATING BALANCE SHEETS (continued) DECEMBER 31, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
LIABILITIES AND MEMBERS' EQUITY
Current liabilities:
Current portion of long-term debt	$	11,027		$	245		$	5,108		$	—		$	16,380
Accounts payable	533			9,678			7,029			—			17,240
Accrued interest payable	1,643			—			1,215			—			2,858
Accrued expenses and other current liabilities	8,928			45,427			37,807			—			92,162
Intercompany payables (receivables)	43,588			(50,090		)	6,502			—			—
Total current liabilities	65,719			5,260			57,661			—			128,640
Long-term debt, less current portion	1,440,973			2,085			735,789			—			2,178,847
Deficit investments in joint ventures	—			—			2,318			—			2,318
Other long-term liabilities, net	13,301			—			12,767			—			26,068
Total liabilities	1,519,993			7,345			808,535			—			2,335,873
Members' equity:
Additional paid-in capital	844,924			1,620,240			604,361			(2,224,601		)	844,924
Accumulated other comprehensive loss	(20,154		)	—			(6,746		)	6,746			(20,154		)
(Accumulated deficit) retained earnings	(25,093		)	42,595			(1,178		)	(41,417		)	(25,093		)
Total Station Casinos LLC members' equity	799,677			1,662,835			596,437			(2,259,272		)	799,677
Noncontrolling interest	42,799			—			42,799			(42,799		)	42,799
Total members' equity	842,476			1,662,835			639,236			(2,302,071		)	842,476
Total liabilities and members' equity	$	2,362,469		$	1,670,180		$	1,447,771		$	(2,302,071	)	$	3,178,349

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	113,086		$	99,320		$	—		$	212,406
Food and beverage	—			33,421			23,182			—			56,603
Room	—			16,840			8,989			—			25,829
Other	17			9,220			8,893			—			18,130
Management fees	—			—			6,829			—			6,829
Gross revenues	17			172,567			147,213			—			319,797
Promotional allowances	—			(13,812		)	(10,257		)	—			(24,069		)
Net revenues	17			158,755			136,956			—			295,728
Operating costs and expenses:
Casino	—			46,012			41,231			—			87,243
Food and beverage	—			23,529			16,382			—			39,911
Room	—			6,875			3,999			—			10,874
Other	—			3,987			3,922			—			7,909
Selling, general and administrative	442			38,277			37,852			—			76,571
Development and preopening	—			—			41			—			41
Depreciation and amortization	689			16,890			14,420			—			31,999
Management fees	—			5,525			4,596			—			10,121
Impairment of other assets	—			—			10,066			—			10,066
Write-downs and other charges, net	5,554			407			665			—			6,626
	6,685			141,502			133,174			—			281,361
Operating (loss) income	(6,668		)	17,253			3,782			—			14,367
Earnings from subsidiaries	51,657			—			—			(51,657		)	—
Earnings from joint ventures	—			—			352			—			352
Operating (loss) income and earnings from subsidiaries and joint ventures	44,989			17,253			4,134			(51,657		)	14,719
Other (expense) income:
Interest expense, net	(32,492		)	(35		)	(19,912		)	—			(52,439		)
Loss on debt extinguishment	—			—			(51,794		)	—			(51,794		)
Gain on Native American development	—			—			102,816			—			102,816
Change in fair value of derivative instruments	5			—			(805		)	—			(800		)
Net income	12,502			17,218			34,439			(51,657		)	12,502
Less: net income applicable to noncontrolling interest	1,349			—			1,349			(1,349		)	1,349
Net income applicable to Station Casinos LLC members	$	11,153		$	17,218		$	33,090		$	(50,308	)	$	11,153

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	109,831		$	93,345		$	—		$	203,176
Food and beverage	—			31,236			22,159			—			53,395
Room	—			16,245			8,876			—			25,121
Other	5			8,751			9,312			—			18,068
Management fees	—			—			5,731			—			5,731
Gross revenues	5			166,063			139,423			—			305,491
Promotional allowances	—			(13,183		)	(9,910		)	—			(23,093		)
Net revenues	5			152,880			129,513			—			282,398
Operating costs and expenses:
Casino	—			43,425			37,167			—			80,592
Food and beverage	—			22,920			16,543			—			39,463
Room	—			6,585			3,667			—			10,252
Other	—			3,684			4,065			—			7,749
Selling, general and administrative	38			36,988			35,479			—			72,505
Development and preopening	26			90			240			—			356
Depreciation and amortization	786			17,522			16,214			—			34,522
Management fees	—			5,302			4,336			—			9,638
Write-downs and other charges, net	(3		)	481			403			—			881
	847			136,997			118,114			—			255,958
Operating (loss) income	(842		)	15,883			11,399			—			26,440
Earnings from subsidiaries	11,678			—			—			(11,678		)	—
Earnings from joint ventures	—			—			290			—			290
Operating (loss) income and earnings from subsidiaries and joint ventures	10,836			15,883			11,689			(11,678		)	26,730
Other expense:
Interest expense, net	(29,206		)	(43		)	(15,851		)	—			(45,100		)
Net (loss) income	(18,370		)	15,840			(4,162		)	(11,678		)	(18,370		)
Less: net income applicable to noncontrolling interest	794			—			794			(794		)	794
Net (loss) income applicable to Station Casinos LLC members	$	(19,164	)	$	15,840		$	(4,956	)	$	(10,884	)	$	(19,164	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	356,421		$	308,435		$	—		$	664,856
Food and beverage	—			105,932			74,131			—			180,063
Room	—			53,945			27,952			—			81,897
Other	29			26,276			26,966			—			53,271
Management fees	—			—			22,007			—			22,007
Gross revenues	29			542,574			459,491			—			1,002,094
Promotional allowances	—			(42,659		)	(33,214		)	—			(75,873		)
Net revenues	29			499,915			426,277			—			926,221
Operating costs and expenses:
Casino	—			141,331			123,723			—			265,054
Food and beverage	—			70,453			50,196			—			120,649
Room	—			20,754			11,838			—			32,592
Other	—			9,676			10,902			—			20,578
Selling, general and administrative	219			108,548			109,007			—			217,774
Development and preopening	—			8			163			—			171
Depreciation and amortization	2,030			49,899			42,372			—			94,301
Management fees	—			18,434			14,904			—			33,338
Impairment of other assets	—			—			10,066			—			10,066
Write-downs and other charges, net	5,644			765			1,416			—			7,825
	7,893			419,868			374,587			—			802,348
Operating (loss) income	(7,864		)	80,047			51,690			—			123,873
Earnings from subsidiaries	134,294			—			—			(134,294		)	—
Earnings from joint ventures	—			—			1,302			—			1,302
Operating (loss) income and earnings from subsidiaries and joint ventures	126,430			80,047			52,992			(134,294		)	125,175
Other (expense) income:
Interest expense, net	(95,801		)	(117		)	(48,845		)	—			(144,763		)
Loss on debt extinguishment	—			—			(51,794		)	—			(51,794		)
Gain on Native American development	—			—			102,816			—			102,816
Change in fair value of derivative instruments	5			—			(805		)	—			(800		)
Net income	30,634			79,930			54,364			(134,294		)	30,634
Less: net income applicable to noncontrolling interest	5,106			—			5,106			(5,106		)	5,106
Net income applicable to Station Casinos LLC members	$	25,528		$	79,930		$	49,258		$	(129,188	)	$	25,528

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	126,117		$	106,307		$	—		$	232,424
Food and beverage	—			36,713			25,849			—			62,562
Room	—			18,918			10,380			—			29,298
Other	5			10,881			10,876			—			21,762
Management fees	—			—			6,693			—			6,693
Gross revenues	5			192,629			160,105			—			352,739
Promotional allowances	—			(15,342		)	(11,450		)	—			(26,792		)
Net revenues	5			177,287			148,655			—			325,947
Operating costs and expenses:
Casino	—			49,856			42,745			—			92,601
Food and beverage	—			26,851			19,172			—			46,023
Room	—			7,658			4,270			—			11,928
Other	—			4,551			4,727			—			9,278
Selling, general and administrative	72			42,741			40,730			—			83,543
Development and preopening	44			142			298			—			484
Depreciation and amortization	865			19,650			18,004			—			38,519
Management fees	—			6,150			4,948			—			11,098
Write-downs and other charges, net	(3		)	481			419			—			897
	978			158,080			135,313			—			294,371
Operating (loss) income	(973		)	19,207			13,342			—			31,576
Earnings from subsidiaries	14,866			—			—			(14,866		)	—
Earnings from joint ventures	—			—			332			—			332
Operating (loss) income and earnings from subsidiaries and joint ventures	13,893			19,207			13,674			(14,866		)	31,908
Other expense:
Interest expense, net	(33,706		)	(50		)	(17,965		)	—			(51,721		)
Net (loss) income	(19,813		)	19,157			(4,291		)	(14,866		)	(19,813		)
Less: net income applicable to noncontrolling interest	1,098			—			1,098			(1,098		)	1,098
Net (loss) income applicable to Station Casinos LLC members	$	(20,911	)	$	19,157		$	(5,389	)	$	(13,768	)	$	(20,911	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	214,332		$	125,371		$	—		$	339,703
Food and beverage	—			61,754			23,682			—			85,436
Room	—			29,790			6,536			—			36,326
Other	19			14,902			13,151			—			28,072
Management fees	11,588			—			10,765			(11,588		)	10,765
Gross revenues	11,607			320,778			179,505			(11,588		)	500,302
Promotional allowances	—			(24,993		)	(10,612		)	—			(35,605		)
Net revenues	11,607			295,785			168,893			(11,588		)	464,697
Operating costs and expenses:
Casino	—			86,356			49,681			—			136,037
Food and beverage	—			43,188			17,529			—			60,717
Room	—			11,678			3,859			—			15,537
Other	—			5,449			5,373			—			10,822
Selling, general and administrative	72			64,419			45,809			—			110,300
Corporate	15,937			—			(119		)	—			15,818
Development and preopening	458			492			802			—			1,752
Depreciation and amortization	3,822			42,237			15,103			—			61,162
Management fees	—			7,048			4,540			(11,588		)	—
Write-downs and other charges, net	595			2,717			641			—			3,953
	20,884			263,584			143,218			(11,588		)	416,098
Operating (loss) income	(9,277		)	32,201			25,675			—			48,599
Earnings from subsidiaries	398,816			—			—			(398,816		)	—
Losses from joint ventures	—			—			(945		)	—			(945		)
Gain on dissolution of joint venture	—			—			250			—			250
Operating (loss) income and earnings (losses) from subsidiaries and joint ventures	389,539			32,201			24,980			(398,816		)	47,904
Other (expense) income:
Interest expense, net	(24,628		)	(14,504		)	(4,162		)	—			(43,294		)
Interest and other expense from joint ventures	—			—			(15,452		)	—			(15,452		)
Change in fair value of derivative instruments	397			—			—			—			397
	(24,231		)	(14,504		)	(19,614		)	—			(58,349		)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent		Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Income before income taxes and reorganization items	365,308		17,697			5,366			(398,816		)	(10,445		)
Reorganization items, net	2,883,312		1,514,225			(1,137,542		)	—			3,259,995
Income (loss) before income taxes	3,248,620		1,531,922			(1,132,176		)	(398,816		)	3,249,550
Income tax benefit (expense)	108,854		(2,902		)	1,972			—			107,924
Net income (loss)	3,357,474		1,529,020			(1,130,204		)	(398,816		)	3,357,474
Less: net income applicable to noncontrolling interest	24,321		—			24,321			(24,321		)	24,321
Net income (loss) applicable to Station Casinos, Inc. stockholders/Green Valley Ranch Gaming, LLC members	$	3,333,153	$	1,529,020		$	(1,154,525	)	$	(374,495	)	$	3,333,153

Schedule of Condensed Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	113,086		$	99,320		$	—		$	212,406
Food and beverage	—			33,421			23,182			—			56,603
Room	—			16,840			8,989			—			25,829
Other	17			9,220			8,893			—			18,130
Management fees	—			—			6,829			—			6,829
Gross revenues	17			172,567			147,213			—			319,797
Promotional allowances	—			(13,812		)	(10,257		)	—			(24,069		)
Net revenues	17			158,755			136,956			—			295,728
Operating costs and expenses:
Casino	—			46,012			41,231			—			87,243
Food and beverage	—			23,529			16,382			—			39,911
Room	—			6,875			3,999			—			10,874
Other	—			3,987			3,922			—			7,909
Selling, general and administrative	442			38,277			37,852			—			76,571
Development and preopening	—			—			41			—			41
Depreciation and amortization	689			16,890			14,420			—			31,999
Management fees	—			5,525			4,596			—			10,121
Impairment of other assets	—			—			10,066			—			10,066
Write-downs and other charges, net	5,554			407			665			—			6,626
	6,685			141,502			133,174			—			281,361
Operating (loss) income	(6,668		)	17,253			3,782			—			14,367
Earnings from subsidiaries	51,657			—			—			(51,657		)	—
Earnings from joint ventures	—			—			352			—			352
Operating (loss) income and earnings from subsidiaries and joint ventures	44,989			17,253			4,134			(51,657		)	14,719
Other (expense) income:
Interest expense, net	(32,492		)	(35		)	(19,912		)	—			(52,439		)
Loss on debt extinguishment	—			—			(51,794		)	—			(51,794		)
Gain on Native American development	—			—			102,816			—			102,816
Change in fair value of derivative instruments	5			—			(805		)	—			(800		)
Net income	12,502			17,218			34,439			(51,657		)	12,502
Less: net income applicable to noncontrolling interest	1,349			—			1,349			(1,349		)	1,349
Net income applicable to Station Casinos LLC members	$	11,153		$	17,218		$	33,090		$	(50,308	)	$	11,153

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	109,831		$	93,345		$	—		$	203,176
Food and beverage	—			31,236			22,159			—			53,395
Room	—			16,245			8,876			—			25,121
Other	5			8,751			9,312			—			18,068
Management fees	—			—			5,731			—			5,731
Gross revenues	5			166,063			139,423			—			305,491
Promotional allowances	—			(13,183		)	(9,910		)	—			(23,093		)
Net revenues	5			152,880			129,513			—			282,398
Operating costs and expenses:
Casino	—			43,425			37,167			—			80,592
Food and beverage	—			22,920			16,543			—			39,463
Room	—			6,585			3,667			—			10,252
Other	—			3,684			4,065			—			7,749
Selling, general and administrative	38			36,988			35,479			—			72,505
Development and preopening	26			90			240			—			356
Depreciation and amortization	786			17,522			16,214			—			34,522
Management fees	—			5,302			4,336			—			9,638
Write-downs and other charges, net	(3		)	481			403			—			881
	847			136,997			118,114			—			255,958
Operating (loss) income	(842		)	15,883			11,399			—			26,440
Earnings from subsidiaries	11,678			—			—			(11,678		)	—
Earnings from joint ventures	—			—			290			—			290
Operating (loss) income and earnings from subsidiaries and joint ventures	10,836			15,883			11,689			(11,678		)	26,730
Other expense:
Interest expense, net	(29,206		)	(43		)	(15,851		)	—			(45,100		)
Net (loss) income	(18,370		)	15,840			(4,162		)	(11,678		)	(18,370		)
Less: net income applicable to noncontrolling interest	794			—			794			(794		)	794
Net (loss) income applicable to Station Casinos LLC members	$	(19,164	)	$	15,840		$	(4,956	)	$	(10,884	)	$	(19,164	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	356,421		$	308,435		$	—		$	664,856
Food and beverage	—			105,932			74,131			—			180,063
Room	—			53,945			27,952			—			81,897
Other	29			26,276			26,966			—			53,271
Management fees	—			—			22,007			—			22,007
Gross revenues	29			542,574			459,491			—			1,002,094
Promotional allowances	—			(42,659		)	(33,214		)	—			(75,873		)
Net revenues	29			499,915			426,277			—			926,221
Operating costs and expenses:
Casino	—			141,331			123,723			—			265,054
Food and beverage	—			70,453			50,196			—			120,649
Room	—			20,754			11,838			—			32,592
Other	—			9,676			10,902			—			20,578
Selling, general and administrative	219			108,548			109,007			—			217,774
Development and preopening	—			8			163			—			171
Depreciation and amortization	2,030			49,899			42,372			—			94,301
Management fees	—			18,434			14,904			—			33,338
Impairment of other assets	—			—			10,066			—			10,066
Write-downs and other charges, net	5,644			765			1,416			—			7,825
	7,893			419,868			374,587			—			802,348
Operating (loss) income	(7,864		)	80,047			51,690			—			123,873
Earnings from subsidiaries	134,294			—			—			(134,294		)	—
Earnings from joint ventures	—			—			1,302			—			1,302
Operating (loss) income and earnings from subsidiaries and joint ventures	126,430			80,047			52,992			(134,294		)	125,175
Other (expense) income:
Interest expense, net	(95,801		)	(117		)	(48,845		)	—			(144,763		)
Loss on debt extinguishment	—			—			(51,794		)	—			(51,794		)
Gain on Native American development	—			—			102,816			—			102,816
Change in fair value of derivative instruments	5			—			(805		)	—			(800		)
Net income	30,634			79,930			54,364			(134,294		)	30,634
Less: net income applicable to noncontrolling interest	5,106			—			5,106			(5,106		)	5,106
Net income applicable to Station Casinos LLC members	$	25,528		$	79,930		$	49,258		$	(129,188	)	$	25,528

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	126,117		$	106,307		$	—		$	232,424
Food and beverage	—			36,713			25,849			—			62,562
Room	—			18,918			10,380			—			29,298
Other	5			10,881			10,876			—			21,762
Management fees	—			—			6,693			—			6,693
Gross revenues	5			192,629			160,105			—			352,739
Promotional allowances	—			(15,342		)	(11,450		)	—			(26,792		)
Net revenues	5			177,287			148,655			—			325,947
Operating costs and expenses:
Casino	—			49,856			42,745			—			92,601
Food and beverage	—			26,851			19,172			—			46,023
Room	—			7,658			4,270			—			11,928
Other	—			4,551			4,727			—			9,278
Selling, general and administrative	72			42,741			40,730			—			83,543
Development and preopening	44			142			298			—			484
Depreciation and amortization	865			19,650			18,004			—			38,519
Management fees	—			6,150			4,948			—			11,098
Write-downs and other charges, net	(3		)	481			419			—			897
	978			158,080			135,313			—			294,371
Operating (loss) income	(973		)	19,207			13,342			—			31,576
Earnings from subsidiaries	14,866			—			—			(14,866		)	—
Earnings from joint ventures	—			—			332			—			332
Operating (loss) income and earnings from subsidiaries and joint ventures	13,893			19,207			13,674			(14,866		)	31,908
Other expense:
Interest expense, net	(33,706		)	(50		)	(17,965		)	—			(51,721		)
Net (loss) income	(19,813		)	19,157			(4,291		)	(14,866		)	(19,813		)
Less: net income applicable to noncontrolling interest	1,098			—			1,098			(1,098		)	1,098
Net (loss) income applicable to Station Casinos LLC members	$	(20,911	)	$	19,157		$	(5,389	)	$	(13,768	)	$	(20,911	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	214,332		$	125,371		$	—		$	339,703
Food and beverage	—			61,754			23,682			—			85,436
Room	—			29,790			6,536			—			36,326
Other	19			14,902			13,151			—			28,072
Management fees	11,588			—			10,765			(11,588		)	10,765
Gross revenues	11,607			320,778			179,505			(11,588		)	500,302
Promotional allowances	—			(24,993		)	(10,612		)	—			(35,605		)
Net revenues	11,607			295,785			168,893			(11,588		)	464,697
Operating costs and expenses:
Casino	—			86,356			49,681			—			136,037
Food and beverage	—			43,188			17,529			—			60,717
Room	—			11,678			3,859			—			15,537
Other	—			5,449			5,373			—			10,822
Selling, general and administrative	72			64,419			45,809			—			110,300
Corporate	15,937			—			(119		)	—			15,818
Development and preopening	458			492			802			—			1,752
Depreciation and amortization	3,822			42,237			15,103			—			61,162
Management fees	—			7,048			4,540			(11,588		)	—
Write-downs and other charges, net	595			2,717			641			—			3,953
	20,884			263,584			143,218			(11,588		)	416,098
Operating (loss) income	(9,277		)	32,201			25,675			—			48,599
Earnings from subsidiaries	398,816			—			—			(398,816		)	—
Losses from joint ventures	—			—			(945		)	—			(945		)
Gain on dissolution of joint venture	—			—			250			—			250
Operating (loss) income and earnings (losses) from subsidiaries and joint ventures	389,539			32,201			24,980			(398,816		)	47,904
Other (expense) income:
Interest expense, net	(24,628		)	(14,504		)	(4,162		)	—			(43,294		)
Interest and other expense from joint ventures	—			—			(15,452		)	—			(15,452		)
Change in fair value of derivative instruments	397			—			—			—			397
	(24,231		)	(14,504		)	(19,614		)	—			(58,349		)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent		Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Income before income taxes and reorganization items	365,308		17,697			5,366			(398,816		)	(10,445		)
Reorganization items, net	2,883,312		1,514,225			(1,137,542		)	—			3,259,995
Income (loss) before income taxes	3,248,620		1,531,922			(1,132,176		)	(398,816		)	3,249,550
Income tax benefit (expense)	108,854		(2,902		)	1,972			—			107,924
Net income (loss)	3,357,474		1,529,020			(1,130,204		)	(398,816		)	3,357,474
Less: net income applicable to noncontrolling interest	24,321		—			24,321			(24,321		)	24,321
Net income (loss) applicable to Station Casinos, Inc. stockholders/Green Valley Ranch Gaming, LLC members	$	3,333,153	$	1,529,020		$	(1,154,525	)	$	(374,495	)	$	3,333,153

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	12,502		$	17,218	$	34,439		$	(51,657	)	$	12,502
Other comprehensive income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(5,705		)	—		(1,714		)	1,714			(5,705		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	3,930			—		1,706			(1,706		)	3,930
Unrealized loss on interest rate swaps, net	(1,775		)	—		(8		)	8			(1,775		)
Unrealized gain on available–for–sale securities	86			—		—			—			86
Comprehensive income	10,813			17,218		34,431			(51,649		)	10,813
Less: comprehensive income attributable to noncontrolling interests	1,349			—		1,349			(1,349		)	1,349
Comprehensive income attributable to Station Casinos LLC members	$	9,464		$	17,218	$	33,082		$	(50,300	)	$	9,464

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(18,370	)	$	15,840	$	(4,162	)	$	(11,678	)	$	(18,370	)
Other comprehensive income (loss):
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(23,130		)	—		(7,560		)	7,560			(23,130		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	2,262			—		703			(703		)	2,262
Unrealized loss on interest rate swaps, net	(20,868		)	—		(6,857		)	6,857			(20,868		)
Unrealized loss on available–for–sale securities	(146		)	—		—			—			(146		)
Comprehensive (loss) income	(39,384		)	15,840		(11,019		)	(4,821		)	(39,384		)
Less: comprehensive income attributable to noncontrolling interests	794			—		794			(794		)	794
Comprehensive (loss) income attributable to Station Casinos LLC members	$	(40,178	)	$	15,840	$	(11,813	)	$	(4,027	)	$	(40,178	)

Schedule of Condensed Statements of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	12,502		$	17,218	$	34,439		$	(51,657	)	$	12,502
Other comprehensive income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(5,705		)	—		(1,714		)	1,714			(5,705		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	3,930			—		1,706			(1,706		)	3,930
Unrealized loss on interest rate swaps, net	(1,775		)	—		(8		)	8			(1,775		)
Unrealized gain on available–for–sale securities	86			—		—			—			86
Comprehensive income	10,813			17,218		34,431			(51,649		)	10,813
Less: comprehensive income attributable to noncontrolling interests	1,349			—		1,349			(1,349		)	1,349
Comprehensive income attributable to Station Casinos LLC members	$	9,464		$	17,218	$	33,082		$	(50,300	)	$	9,464

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(18,370	)	$	15,840	$	(4,162	)	$	(11,678	)	$	(18,370	)
Other comprehensive income (loss):
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(23,130		)	—		(7,560		)	7,560			(23,130		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	2,262			—		703			(703		)	2,262
Unrealized loss on interest rate swaps, net	(20,868		)	—		(6,857		)	6,857			(20,868		)
Unrealized loss on available–for–sale securities	(146		)	—		—			—			(146		)
Comprehensive (loss) income	(39,384		)	15,840		(11,019		)	(4,821		)	(39,384		)
Less: comprehensive income attributable to noncontrolling interests	794			—		794			(794		)	794
Comprehensive (loss) income attributable to Station Casinos LLC members	$	(40,178	)	$	15,840	$	(11,813	)	$	(4,027	)	$	(40,178	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	30,634		$	79,930	$	54,364		$	(134,294	)	$	30,634
Other comprehensive income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(18,626		)	—		(5,098		)	5,098			(18,626		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	10,225			—		3,628			(3,628		)	10,225
Unrealized loss on interest rate swaps, net	(8,401		)	—		(1,470		)	1,470			(8,401		)
Unrealized gain on available–for–sale securities	200			—		—			—			200
Comprehensive income	22,433			79,930		52,894			(132,824		)	22,433
Less: comprehensive income attributable to noncontrolling interests	5,106			—		5,106			(5,106		)	5,106
Comprehensive income attributable to Station Casinos LLC members	$	17,327		$	79,930	$	47,788		$	(127,718	)	$	17,327

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(19,813	)	$	19,157	$	(4,291	)	$	(14,866	)	$	(19,813	)
Other comprehensive (loss) income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(23,130		)	—		(7,560		)	7,560			(23,130		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	2,262			—		703			(703		)	2,262
Unrealized loss on interest rate swaps, net	(20,868		)	—		(6,857		)	6,857			(20,868		)
Unrealized loss on available–for–sale securities	(120		)	—		—			—			(120		)
Comprehensive (loss) income	(40,801		)	19,157		(11,148		)	(8,009		)	(40,801		)
Less: comprehensive income attributable to noncontrolling interests	1,098			—		1,098			(1,098		)	1,098
Comprehensive (loss) income attributable to Station Casinos LLC members	$	(41,899	)	$	19,157	$	(12,246	)	$	(6,911	)	$	(41,899	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	3,357,474		$	1,529,020	$	(1,130,204	)	$	(398,816	)	$	3,357,474
Other comprehensive income (loss):
Unrealized loss on available–for–sale securities, net of tax	25			—		—			—			25
Amortization of unrecognized pension and postretirement benefit plan liabilities, net of tax	(19		)	—		—			—			(19		)
Comprehensive income (loss)	3,357,480			1,529,020		(1,130,204		)	(398,816		)	3,357,480
Less: comprehensive income attributable to noncontrolling interests	24,321			—		24,321			(24,321		)	24,321
Comprehensive income (loss) attributable to Station Casinos, Inc. stockholders	$	3,333,159		$	1,529,020	$	(1,154,525	)	$	(374,495	)	$	3,333,159

Schedule of Condensed Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	30,634		$	79,930	$	54,364		$	(134,294	)	$	30,634
Other comprehensive income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(18,626		)	—		(5,098		)	5,098			(18,626		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	10,225			—		3,628			(3,628		)	10,225
Unrealized loss on interest rate swaps, net	(8,401		)	—		(1,470		)	1,470			(8,401		)
Unrealized gain on available–for–sale securities	200			—		—			—			200
Comprehensive income	22,433			79,930		52,894			(132,824		)	22,433
Less: comprehensive income attributable to noncontrolling interests	5,106			—		5,106			(5,106		)	5,106
Comprehensive income attributable to Station Casinos LLC members	$	17,327		$	79,930	$	47,788		$	(127,718	)	$	17,327

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(19,813	)	$	19,157	$	(4,291	)	$	(14,866	)	$	(19,813	)
Other comprehensive (loss) income:
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(23,130		)	—		(7,560		)	7,560			(23,130		)
Less: Reclassification of unrealized loss on interest rate swaps into operations	2,262			—		703			(703		)	2,262
Unrealized loss on interest rate swaps, net	(20,868		)	—		(6,857		)	6,857			(20,868		)
Unrealized loss on available–for–sale securities	(120		)	—		—			—			(120		)
Comprehensive (loss) income	(40,801		)	19,157		(11,148		)	(8,009		)	(40,801		)
Less: comprehensive income attributable to noncontrolling interests	1,098			—		1,098			(1,098		)	1,098
Comprehensive (loss) income attributable to Station Casinos LLC members	$	(41,899	)	$	19,157	$	(12,246	)	$	(6,911	)	$	(41,899	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries		Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	3,357,474		$	1,529,020	$	(1,130,204	)	$	(398,816	)	$	3,357,474
Other comprehensive income (loss):
Unrealized loss on available–for–sale securities, net of tax	25			—		—			—			25
Amortization of unrecognized pension and postretirement benefit plan liabilities, net of tax	(19		)	—		—			—			(19		)
Comprehensive income (loss)	3,357,480			1,529,020		(1,130,204		)	(398,816		)	3,357,480
Less: comprehensive income attributable to noncontrolling interests	24,321			—		24,321			(24,321		)	24,321
Comprehensive income (loss) attributable to Station Casinos, Inc. stockholders	$	3,333,159		$	1,529,020	$	(1,154,525	)	$	(374,495	)	$	3,333,159

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	30,634		$	79,930		$	54,364		$	(134,294	)	$	30,634
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,030			49,899			42,372			—			94,301
Change in fair value of derivative instruments	(5		)	—			805			—			800
Write–downs and other charges, net	(7		)	65			43			—			101
Impairment of other assets	—			—			10,066			—			10,066
Earnings from subsidiaries	(134,294		)	—			—			134,294			—
Amortization of debt discount and debt issuance costs	38,284			—			17,449			—			55,733
Interest – paid in kind	—			—			3,054			—			3,054
Share–based compensation	—			625			755			—			1,380
Earnings from joint ventures	—			—			(1,302		)	—			(1,302		)
Distributions from joint ventures	—			—			1,307			—			1,307
Gain on Native American development	—			—			(102,816		)	—			(102,816		)
Loss on extinguishment of debt	—			—			51,794			—			51,794
Changes in assets and liabilities:
Restricted cash	(8		)	—			31			—			23
Receivables, net	(259		)	(40		)	156			—			(143		)
Inventories and prepaid expenses	352			1,008			(1,088		)	—			272
Accounts payable	(8		)	676			(520		)	—			148
Accrued interest payable	8,555			41			(901		)	—			7,695
Accrued expenses and other current liabilities	511			3,107			1,975			—			5,593
Intercompany receivables and payables	117,668			(116,883		)	(785		)	—			—
Other, net	58			3			1,297			—			1,358
Net cash provided by operating activities	63,511			18,431			78,056			—			159,998
Cash flows from investing activities:
Capital expenditures, net of construction payables	(1,389		)	(22,076		)	(22,890		)	—			(46,355		)
Proceeds from sale of property and equipment	9			1			833			—			843
Distributions in excess of earnings from joint ventures	—			—			150			—			150
Distributions from subsidiaries	40,626			—			—			(40,626		)	—
Proceeds from repayment of Native American development costs	—			—			195,779			—			195,779
Native American development costs	—			—			(19,523		)	—			(19,523		)
Other, net	(83		)	(273		)	(4,380		)	—			(4,736		)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (continued) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) investing activities	39,163			(22,348		)	149,969			(40,626		)	126,158
Cash flows from financing activities:
Borrowings under credit agreements with original maturity dates greater than three months	25,000			—			574,688			—			599,688
Payments under credit agreements with original maturity dates of three months or less, net	(8,400		)	—			(7,800		)	—			(16,200		)
Payments under credit agreements with original maturity dates greater than three months	(105,477		)	—			(689,027		)	—			(794,504		)
Cash paid for early extinguishment of debt	—			—			(9,880		)	—			(9,880		)
Distributions to members and noncontrolling interests	(9,107		)	—			(49,029		)	40,626			(17,510		)
Debt issuance costs	(712		)	—			(15,560		)	—			(16,272		)
Payments on other debt	(1,111		)	(122		)	(507		)	—			(1,740		)
Net cash used in financing activities	(99,807		)	(122		)	(197,115		)	40,626			(256,418		)
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents	2,867			(4,039		)	30,910			—			29,738
Balance, beginning of period	(2,420		)	50,479			47,762			—			95,821
Balance, end of period	$	447		$	46,440		$	78,672		$	—		$	125,559
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	$	48,827		$	82		$	26,245		$	—		$	75,154

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(19,813	)	$	19,157		$	(4,291	)	$	(14,866	)	$	(19,813	)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	865			19,650			18,004			—			38,519
Write–downs and other charges, net	(3		)	312			376			—			685
Earnings from subsidiaries	(14,866		)	—			—			14,866			—
Amortization of debt discount and debt issuance costs	15,491			—			5,008			—			20,499
Interest – paid in kind	—			—			1,135			—			1,135
Earnings from joint ventures	—			—			(332		)	—			(332		)
Changes in assets and liabilities:
Restricted cash	10,769			—			1,562			—			12,331
Receivables, net	1,624			1,353			1,472			—			4,449
Inventories and prepaid expenses	(1,724		)	(3,298		)	(4,013		)	—			(9,035		)
Accounts payable	(4,400		)	(7,029		)	(10,326		)	—			(21,755		)
Accrued interest payable	4,820			50			1,384			—			6,254
Accrued expenses and other current liabilities	(14,742		)	3,707			917			—			(10,118		)
Intercompany receivables and payables	26,847			(33,710		)	6,863			—			—
Other, net	(1,449		)	608			(950		)	—			(1,791		)
Net cash provided by operating activities	3,419			800			16,809			—			21,028
Cash flows from investing activities:
Capital expenditures, net of construction payables	(2,979		)	(8,654		)	(3,826		)	—			(15,459		)
Proceeds from sale of property and equipment	3			91			128			—			222
Distributions in excess of earnings from joint ventures	—			—			338			—			338
Proceeds from repayment of Native American development costs	—			—			10,000			—			10,000
Native American development costs	—			—			(2,340		)	—			(2,340		)
Other, net	(272		)	(9		)	(994		)	—			(1,275		)
Net cash (used in) provided by investing activities	(3,248		)	(8,572		)	3,306			—			(8,514		)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (continued) FOR THE PERIOD FROM JUNE 17, 2011 THROUGH SEPTEMBER 30, 2011 (amounts in thousands, unaudited)
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from financing activities:
Borrowings under credit agreements with original maturities of three months or less, net	7,800			—			5,100			—		12,900
Payments under credit agreements with original maturities greater than three months	(15,375		)	—			(28,527		)	—		(43,902		)
Debt issuance costs	(341		)	—			(81		)	—		(422		)
Payments on other debt	(408		)	—			(1,117		)	—		(1,525		)
Net cash used in financing activities	(8,324		)	—			(24,625		)	—		(32,949		)
Cash and cash equivalents:
Decrease in cash and cash equivalents	(8,153		)	(7,772		)	(4,510		)	—		(20,435		)
Balance, beginning of period	6,524			49,253			57,373			—		113,150
Balance, end of period	$	(1,629	)	$	41,481		$	52,863		$	—	$	92,715
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	$	13,424		$	—		$	9,361		$	—	$	22,785

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	3,357,474		$	1,529,020		$	(1,130,204	)	$	(398,816	)	$	3,357,474
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	3,822			42,237			15,103			—			61,162
Change in fair value of derivative instruments	(397		)	—			—			—			(397		)
Write–downs and other charges, net	633			2,206			614			—			3,453
Earnings from subsidiaries	(398,816		)	—			—			398,816			—
Amortization of debt discount and debt issuance costs	—			—			196			—			196
Share–based compensation	6,224			—			—			—			6,224
Losses from joint ventures	—			—			16,397			—			16,397
Gain on dissolution of joint ventures	—			—			(250		)	—			(250		)
Reorganization items and fresh-start adjustments	(2,883,312		)	(1,514,225		)	1,137,542			—			(3,259,995		)
Changes in assets and liabilities:
Restricted cash	(341		)	(52,437		)	41,822			—			(10,956		)
Receivables, net	11,733			1,522			649			—			13,904
Inventories and prepaid expenses	2,050			2,483			8,839			—			13,372
Deferred income tax	(102,447		)	—			(12,531		)	—			(114,978		)
Accounts payable	(7,652		)	10,489			20,184			—			23,021
Accrued interest payable	(2,873		)	797			8,545			—			6,469
Accrued expenses and other current liabilities	(11,002		)	(1,527		)	30,949			—			18,420
Intercompany receivables and payables	(4,863		)	4,395			468			—			—
Other, net	30,361			(5,827		)	8,077			—			32,611
Net cash provided by operating activities before reorganization items	594			19,133			146,400			—			166,127
Net cash used for reorganization items	(1,944,870		)	—			(626,397		)	—			(2,571,267		)
Net cash (used in) provided by operating activities	(1,944,276		)	19,133			(479,997		)	—			(2,405,140		)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (continued) FOR THE PERIOD FROM JANUARY 1, 2011 THROUGH JUNE 16, 2011 (amounts in thousands, unaudited)
	Predecessors
	Parent			Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from investing activities:
Capital expenditures, net of construction payables	(5,658		)	(7,336		)	(2,104		)	—		(15,098		)
Proceeds from sale of property and equipment	1			22			177			—		200
Distributions in excess of earnings from joint ventures	—			—			2,042			—		2,042
Native American development costs	—			—			(2,231		)	—		(2,231		)
Other, net	17,872			(13,327		)	(8,099		)	—		(3,554		)
Net cash provided by (used in) investing activities	12,215			(20,641		)	(10,215		)	—		(18,641		)
Cash flows from financing activities:
Proceeds from issuance of voting and non-voting units	279,000			—			—			—		279,000
Borrowings under Successor credit agreements with original maturities greater than three months	1,660,000			—			435,704			—		2,095,704
Payments under STN Term Loan with original maturities greater than three months	(625		)	—			—			—		(625		)
Debt issuance costs	(1,619		)	—			—			—		(1,619		)
Payments on other debt	(6		)	(115		)	(765		)	—		(886		)
Net cash provided by (used in) financing activities	1,936,750			(115		)	434,939			—		2,371,574
Cash and cash equivalents:
Increase (decrease) in cash and cash equivalents	4,689			(1,623		)	(55,273		)	—		(52,207		)
Balance, beginning of period	1,835			50,876			112,646			—		165,357
Balance, end of period	$	6,524		$	49,253		$	57,373		$	—	$	113,150
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	$	16,715		$	16,241		$	2,639		$	—	$	35,595