Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS MARCH 31, 2015 (amounts in thousands)
	Parent		Guarantor Subsidiaries		Eliminations			Parent and Guarantor Subsidiaries		Non–Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	8,505	$	92,558	$	—		$	101,063	$	3,636	$	—		$	104,699
Restricted cash	1,067		—		—			1,067		—		—			1,067
Receivables, net	1,408		31,052		—			32,460		4,784		—			37,244
Intercompany receivables	932		—		—			932		—		(932		)	—
Advances to subsidiaries	231,940		—		(231,940		)	—		—		—			—
Loans to parent	—		551,593		(551,593		)	—		—		—			—
Inventories	7		8,494		—			8,501		114		—			8,615
Prepaid gaming tax	—		19,258		—			19,258		137		—			19,395
Prepaid expenses and other current assets	6,197		6,390		—			12,587		233		—			12,820
Current assets of discontinued operations	—		—		—			—		1,149		—			1,149
Assets held for sale	—		3,612		—			3,612		—		—			3,612
Total current assets	250,056		712,957		(783,533		)	179,480		10,053		(932		)	188,601
Property and equipment, net	74,109		2,039,010		—			2,113,119		11,791		—			2,124,910
Goodwill	1,234		194,442		—			195,676		—		—			195,676
Intangible assets, net	1,045		133,350		—			134,395		29,354		—			163,749
Land held for development	—		96,037		—			96,037		99,020		—			195,057
Investments in joint ventures	—		13,003		—			13,003		3,770		—			16,773
Native American development costs	—		10,511		—			10,511		—		—			10,511
Investments in subsidiaries	2,855,532		16,553		(2,854,782		)	17,303		—		(17,303		)	—
Other assets, net	29,043		17,186		—			46,229		708		—			46,937
Total assets	$	3,211,019	$	3,233,049	$	(3,638,315	)	$	2,805,753	$	154,696	$	(18,235	)	$	2,942,214

CONDENSED CONSOLIDATING BALANCE SHEETS (Continued) MARCH 31, 2015 (amounts in thousands)
	Parent		Guarantor Subsidiaries		Eliminations			Parent and Guarantor Subsidiaries		Non–Guarantor Subsidiaries		Eliminations			Consolidated
LIABILITIES AND MEMBERS' EQUITY
Current liabilities:
Accounts payable	$	4,160	$	16,195	$	—		$	20,355	$	453	$	—		$	20,808
Accrued interest payable	5,334		164		—			5,498		11		—			5,509
Other accrued liabilities	17,266		103,974		—			121,240		1,763		—			123,003
Intercompany payables	—		—		—			—		912		(912		)	—
Loans from subsidiaries	551,593		—		(551,593		)	—		—		—			—
Advances from parent	—		231,940		(231,940		)	—		—		—			—
Current portion of long-term debt	38,302		1,563		—			39,865		—		—			39,865
Current liabilities of discontinued operations	—		—		—			—		282		(20		)	262
Total current liabilities	616,655		353,836		(783,533		)	186,958		3,421		(932		)	189,447
Long-term debt, less current portion	1,952,806		3,302		—			1,956,108		108,139		—			2,064,247
Deficit investment in joint venture	—		2,290		—			2,290		—		—			2,290
Interest rate swaps and other long-term liabilities, net	1,826		18,839		—			20,665		—		—			20,665
Total liabilities	2,571,287		378,267		(783,533		)	2,166,021		111,560		(932		)	2,276,649
Members' equity:
Total Station Casinos LLC members' equity	639,732		2,854,782		(2,854,782		)	639,732		17,303		(17,303		)	639,732
Noncontrolling interest	—		—		—			—		25,833		—			25,833
Total members' equity	639,732		2,854,782		(2,854,782		)	639,732		43,136		(17,303		)	665,565
Total liabilities and members' equity	$	3,211,019	$	3,233,049	$	(3,638,315	)	$	2,805,753	$	154,696	$	(18,235	)	$	2,942,214

CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2014 (amounts in thousands)
	Parent		Guarantor Subsidiaries		Eliminations			Parent and Guarantor Subsidiaries		Non–Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	13,554	$	104,575	$	—		$	118,129	$	3,836	$	—		$	121,965
Restricted cash	1,067		—		—			1,067		—		—			1,067
Receivables, net	2,830		27,633		—			30,463		4,389		—			34,852
Intercompany receivables	3,116		—		—			3,116		—		(3,116		)	—
Advances to subsidiaries	273,344		—		(273,344		)	—		—		—			—
Loans to parent	—		503,684		(503,684		)	—		—		—			—
Inventories	7		9,823		—			9,830		130		—			9,960
Prepaid gaming tax	—		19,281		—			19,281		145		—			19,426
Prepaid expenses and other current assets	5,003		2,331		—			7,334		204		—			7,538
Current assets of discontinued operations	—		—		—			—		1,746		—			1,746
Total current assets	298,921		667,327		(777,028		)	189,220		10,450		(3,116		)	196,554
Property and equipment, net	72,230		2,051,495		—			2,123,725		12,183		—			2,135,908
Goodwill	1,234		194,442		—			195,676		—		—			195,676
Intangible assets, net	1,045		135,384		—			136,429		31,903		—			168,332
Land held for development	—		103,202		—			103,202		99,020		—			202,222
Investments in joint ventures	—		13,252		—			13,252		4,928		—			18,180
Native American development costs	—		9,619		—			9,619		—		—			9,619
Investments in subsidiaries	2,789,090		16,914		(2,785,357		)	20,647		—		(20,647		)	—
Other assets, net	30,438		16,703		—			47,141		709		—			47,850
Total assets	$	3,192,958	$	3,208,338	$	(3,562,385	)	$	2,838,911	$	159,193	$	(23,763	)	$	2,974,341

CONDENSED CONSOLIDATING BALANCE SHEETS (Continued) DECEMBER 31, 2014 (amounts in thousands)
	Parent		Guarantor Subsidiaries		Eliminations			Parent and Guarantor Subsidiaries		Non–Guarantor Subsidiaries		Eliminations			Consolidated
LIABILITIES AND MEMBERS' EQUITY
Current liabilities:
Accounts payable	$	1,391	$	24,053	$	—		$	25,444	$	494	$	—		$	25,938
Accrued interest payable	14,877		161		—			15,038		11		—			15,049
Other accrued liabilities	19,518		102,177		—			121,695		1,602		—			123,297
Intercompany payables	—		—		—			—		2,735		(2,735		)	—
Loans from subsidiaries	503,684		—		(503,684		)	—		—		—			—
Advances from parent	—		273,344		(273,344		)	—		—		—			—
Current portion of long-term debt	79,305		1,587		—			80,892		—		—			80,892
Current liabilities of discontinued operations	—		—		—			—		747		(381		)	366
Total current liabilities	618,775		401,322		(777,028		)	243,069		5,589		(3,116		)	245,542
Long-term debt, less current portion	1,955,189		3,735		—			1,958,924		106,783		—			2,065,707
Deficit investment in joint venture	—		2,339		—			2,339		—		—			2,339
Interest rate swaps and other long-term liabilities, net	—		15,585		—			15,585		—		—			15,585
Total liabilities	2,573,964		422,981		(777,028		)	2,219,917		112,372		(3,116		)	2,329,173
Members' equity:
Total Station Casinos LLC members' equity	618,994		2,785,357		(2,785,357		)	618,994		20,647		(20,647		)	618,994
Noncontrolling interest	—		—		—			—		26,174		—			26,174
Total members' equity	618,994		2,785,357		(2,785,357		)	618,994		46,821		(20,647		)	645,168
Total liabilities and members' equity	$	3,192,958	$	3,208,338	$	(3,562,385	)	$	2,838,911	$	159,193	$	(23,763	)	$	2,974,341

Schedule of Condensed Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2015 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	232,299		$	—		$	232,299		$	1,766		$	—		$	234,065
Food and beverage	—			65,066			—			65,066			160			—			65,226
Room	—			30,591			—			30,591			800			—			31,391
Other	—			17,187			—			17,187			2,497			(2,504		)	17,180
Management fees	1,342			9,273			—			10,615			9,335			—			19,950
Gross revenues	1,342			354,416			—			355,758			14,558			(2,504		)	367,812
Promotional allowances	—			(24,910		)	—			(24,910		)	(133		)	—			(25,043		)
Net revenues	1,342			329,506			—			330,848			14,425			(2,504		)	342,769
Operating costs and expenses:
Casino	—			84,419			—			84,419			612			—			85,031
Food and beverage	—			41,339			—			41,339			41			—			41,380
Room	—			11,222			—			11,222			566			—			11,788
Other	—			5,165			—			5,165			967			—			6,132
Selling, general and administrative	2,517			66,405			—			68,922			4,829			(2,504		)	71,247
Preopening	—			128			—			128			—			—			128
Depreciation and amortization	2,602			29,465			—			32,067			3,090			—			35,157
Management fee expense	—			13,498			—			13,498			94			—			13,592
Write-downs and other charges, net	1,634			378			—			2,012			1,001			—			3,013
	6,753			252,019			—			258,772			11,200			(2,504		)	267,468
Operating (loss) income	(5,411		)	77,487			—			72,076			3,225			—			75,301
Earnings (losses) from subsidiaries	75,379			1,440			(78,431		)	(1,612		)	—			1,612			—
Earnings (losses) from joint ventures	—			638			—			638			(228		)	—			410
Operating (loss) income and earnings (losses) from subsidiaries and joint ventures	69,968			79,565			(78,431		)	71,102			2,997			1,612			75,711

CONDENSED CONSOLIDATING STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2015 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Other expense:
Interest expense, net	(32,144		)	(1,133		)	—			(33,277		)	(3,018		)	—		(36,295		)
Change in fair value of derivative instruments	(2		)	(1		)	—			(3		)	—			—		(3		)
	(32,146		)	(1,134		)	—			(33,280		)	(3,018		)	—		(36,298		)
Net income (loss) from continuing operations	37,822			78,431			(78,431		)	37,822			(21		)	1,612		39,413
Discontinued operations	—			—			—			—			(132		)	—		(132		)
Net income (loss)	37,822			78,431			(78,431		)	37,822			(153		)	1,612		39,281
Less: net income attributable to noncontrolling interests	—			—			—			—			1,459			—		1,459
Net income (loss) attributable to Station Casinos LLC	$	37,822		$	78,431		$	(78,431	)	$	37,822		$	(1,612	)	$	1,612	$	37,822

CONDENSED CONSOLIDATING STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2014 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations		Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Operating revenues:
Casino	$	—		$	223,775		$	—	$	223,775		$	1,868		$	—		$	225,643
Food and beverage	—			60,874			—		60,874			172			—			61,046
Room	—			27,592			—		27,592			788			—			28,380
Other	—			16,275			—		16,275			2,766			(1,965		)	17,076
Management fees	1,789			7,571			—		9,360			8,026			—			17,386
Gross revenues	1,789			336,087			—		337,876			13,620			(1,965		)	349,531
Promotional allowances	—			(22,909		)	—		(22,909		)	(145		)	—			(23,054		)
Net revenues	1,789			313,178			—		314,967			13,475			(1,965		)	326,477
Operating costs and expenses:
Casino	—			84,331			—		84,331			635			—			84,966
Food and beverage	—			40,060			—		40,060			39			—			40,099
Room	—			10,775			—		10,775			515			—			11,290
Other	—			5,419			—		5,419			1,401			—			6,820
Selling, general and administrative	3,074			65,276			—		68,350			4,029			(1,965		)	70,414
Preopening	—			29			—		29			—			—			29
Depreciation and amortization	1,345			27,160			—		28,505			3,053			—			31,558
Management fee expense	—			12,433			—		12,433			107			—			12,540
Write-downs and other charges, net	(539		)	2,062			—		1,523			2			—			1,525
	3,880			247,545			—		251,425			9,781			(1,965		)	259,241

CONDENSED CONSOLIDATING STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2014 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Operating (loss) income	(2,091		)	65,633			—			63,542			3,694			—		67,236
Earnings (losses) from subsidiaries	56,946			(6,195		)	(58,405		)	(7,654		)	—			7,654		—
Earnings from joint ventures	—			441			—			441			—			—		441
Operating (loss) income and earnings (losses) from subsidiaries and joint ventures	54,855			59,879			(58,405		)	56,329			3,694			7,654		67,677
Other (expense) income:
Interest expense, net	(35,440		)	(1,471		)	—			(36,911		)	(2,717		)	—		(39,628		)
Loss on extinguishment of debt	(4,132		)	—			—			(4,132		)	—			—		(4,132		)
Change in fair value of derivative instruments	1			(3		)	—			(2		)	—			—		(2		)
	(39,571		)	(1,474		)	—			(41,045		)	(2,717		)	—		(43,762		)
Net income from continuing operations	15,284			58,405			(58,405		)	15,284			977			7,654		23,915
Discontinued operations	—			—			—			—			(10,328		)	—		(10,328		)
Net income (loss)	15,284			58,405			(58,405		)	15,284			(9,351		)	7,654		13,587
Less: net loss attributable to noncontrolling interests	—			—			—			—			(1,697		)	—		(1,697		)
Net income (loss) attributable to Station Casinos LLC	$	15,284		$	58,405		$	(58,405	)	$	15,284		$	(7,654	)	$	7,654	$	15,284

Schedule of Condensed Statements of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2015 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	37,822		$	78,431		$	(78,431	)	$	37,822		$	(153	)	$	1,612	$	39,281
Other comprehensive income (loss):
Unrealized loss on interest rate swaps:
Unrealized loss arising during period	(3,746		)	(3,715		)	3,715			(3,746		)	—			—		(3,746		)
Reclassification of unrealized loss on interest rate swaps into operations	3,097			1,067			(1,067		)	3,097			—			—		3,097
Unrealized loss on interest rate swaps, net	(649		)	(2,648		)	2,648			(649		)	—			—		(649		)
Unrealized loss on available–for–sale securities	(52		)	—			—			(52		)	—			—		(52		)
Other comprehensive loss	(701		)	(2,648		)	2,648			(701		)	—			—		(701		)
Comprehensive income (loss)	37,121			75,783			(75,783		)	37,121			(153		)	1,612		38,580
Less: comprehensive income attributable to noncontrolling interests	—			—			—			—			1,459			—		1,459
Comprehensive income (loss) attributable to Station Casinos LLC	$	37,121		$	75,783		$	(75,783	)	$	37,121		$	(1,612	)	$	1,612	$	37,121

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2014 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	15,284		$	58,405		$	(58,405	)	$	15,284		$	(9,351	)	$	7,654	$	13,587
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate swaps:
Unrealized loss arising during period	(2,067		)	(1,749		)	1,749			(2,067		)	—			—		(2,067		)
Reclassification of unrealized loss on interest rate swaps into operations	3,273			1,149			(1,149		)	3,273			—			—		3,273
Unrealized gain (loss) on interest rate swaps, net	1,206			(600		)	600			1,206			—			—		1,206
Unrealized gain on available–for–sale securities	3			—			—			3			—			—		3
Other comprehensive income (loss)	1,209			(600		)	600			1,209			—			—		1,209
Comprehensive income (loss)	16,493			57,805			(57,805		)	16,493			(9,351		)	7,654		14,796
Less: comprehensive loss attributable to noncontrolling interests	—			—			—			—			(1,697		)	—		(1,697		)
Comprehensive income (loss) attributable to Station Casinos LLC	$	16,493		$	57,805		$	(57,805	)	$	16,493		$	(7,654	)	$	7,654	$	16,493

Schedule of Condensed Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2015 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(34,505	)	$	101,454		$	—		$	66,949		$	4,218		$	—		$	71,167
Cash flows from investing activities:
Capital expenditures, net of related payables	(5,540		)	(17,857		)	—			(23,397		)	(312		)	—			(23,709		)
Proceeds from sale of land, property and equipment	13			4,255			—			4,268			696			—			4,964
Distributions in excess of earnings from joint ventures	—			249			—			249			—			—			249
Distributions from subsidiaries	7,052			1,800			(7,052		)	1,800			—			(1,800		)	—
Proceeds from repayment of advances to subsidiaries, net	44,697			—			(44,697		)	—			—			—			—
Loans to parent, net	—			(47,909		)	47,909			—			—			—			—
Native American development costs	—			(760		)	—			(760		)	—			—			(760		)
Investment in subsidiaries	(29		)	—			—			(29		)	—			29			—
Other, net	10			(551		)	—			(541		)	(29		)	—			(570		)
Net cash provided by (used in) investing activities	46,203			(60,773		)	(3,840		)	(18,410		)	355			(1,771		)	(19,826		)
Cash flows from financing activities:
Borrowings under credit agreements with original maturity of three months or less, net	20,000			—			—			20,000			—			—			20,000
Payments under credit agreements with original maturity dates greater than three months	(65,090		)	—			—			(65,090		)	(790		)	—			(65,880		)
Distributions to members and noncontrolling interests	(17,077		)	(7,052		)	7,052			(17,077		)	(3,600		)	1,800			(18,877		)
Payments on derivative instruments with other-than-insignificant financing element	(1,989		)	(452		)	—			(2,441		)	—			—			(2,441		)
Loans from subsidiaries, net	47,909			—			(47,909		)	—			—			—			—
Payments on advances from parent, net	—			(44,697		)	44,697			—			—			—			—
Capital contributions from members	—			—			—			—			29			(29		)	—
Other, net	(500		)	(497		)	—			(997		)	—			—			(997		)
Net cash used in financing activities	(16,747		)	(52,698		)	3,840			(65,605		)	(4,361		)	1,771			(68,195		)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2015 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations		Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents (including cash and cash equivalents of discontinued operations):
(Decrease) increase in cash and cash equivalents	(5,049		)	(12,017		)	—		(17,066		)	212		—		(16,854		)
Balance, beginning of period	13,554			104,575			—		118,129			4,573		—		122,702
Balance, end of period	$	8,505		$	92,558		$	—	$	101,063		$	4,785	$	—	$	105,848
Supplemental cash flow disclosures:
Cash paid for interest	$	38,230		$	486		$	—	$	38,716		$	873	$	—	$	39,589
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	$	5,149		$	7,253		$	—	$	12,402		$	70	$	—	$	12,472

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2014 (amounts in thousands)
	Parent			Guarantor Subsidiaries			Eliminations			Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(40,853	)	$	89,106		$	—		$	48,253		$	(334	)	$	—		$	47,919
Cash flows from investing activities:
Capital expenditures, net of related payables	(1,873		)	(17,922		)	—			(19,795		)	(945		)	—			(20,740		)
Proceeds from sale of property and equipment	1			32			—			33			—			—			33
Distributions from subsidiaries	5,062			1,586			(5,062		)	1,586			—			(1,586		)	—
Proceeds from repayment of Native American development costs	—			16,974			—			16,974			—			—			16,974
Proceeds from repayment of advances to subsidiaries, net	42,809			—			(42,809		)	—			—			—			—
Loans to parent, net	—			(45,707		)	45,707			—			—			—			—
Native American development costs	—			(580		)	—			(580		)	—			—			(580		)
Investment in subsidiary	—			(6,871		)	—			(6,871		)	—			6,871			—
Other, net	623			646			—			1,269			(13		)	—			1,256
Net cash provided by (used in) investing activities	46,622			(51,842		)	(2,164		)	(7,384		)	(958		)	5,285			(3,057		)
Cash flows from financing activities:
Payments under credit agreements with original maturities greater than three months	(4,063		)	—			—			(4,063		)	—			—			(4,063		)
Distributions to members and noncontrolling interests	(37,172		)	(5,062		)	5,062			(37,172		)	(2,978		)	1,586			(38,564		)
Payments of debt issuance costs	(2,356		)	—			—			(2,356		)	—			—			(2,356		)
Payments on derivative instruments with other-than-insignificant financing element	(2,204		)	(501		)	—			(2,705		)	—			—			(2,705		)
Loans from subsidiaries, net	45,707			—			(45,707		)	—			—			—			—
Payments on advances from parent, net	—			(42,809		)	42,809			—			—			—			—
Capital contributions from members	—			—			—			—			6,871			(6,871		)	—
Capital contributions from noncontrolling interests	—			—			—			—			5,129			—			5,129
Payments on other debts	(463		)	(104		)	—			(567		)	—			—			(567		)
Net cash (used in) provided by financing activities	(551		)	(48,476		)	2,164			(46,863		)	9,022			(5,285		)	(43,126		)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Continued) FOR THE THREE MONTHS ENDED MARCH 31, 2014 (amounts in thousands)
	Parent		Guarantor Subsidiaries			Eliminations		Parent and Guarantor Subsidiaries			Non–Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents (including cash and cash equivalents of discontinued operations):
Increase (decrease) in cash and cash equivalents	5,218		(11,212		)	—		(5,994		)	7,730		—		1,736
Balance, beginning of period	27,182		103,584			—		130,766			6,855		—		137,621
Balance, end of period	$	32,400	$	92,372		$	—	$	124,772		$	14,585	$	—	$	139,357
Supplemental cash flow disclosures:
Cash paid for interest	$	41,973	$	550		$	—	$	42,523		$	29	$	—	$	42,552
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	$	—	$	8,559		$	—	$	8,559		$	14	$	—	$	8,573