Morgans Hotel Group Co. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2015 12 months to Dec 31, 2015	FY2014 12 months to Dec 31, 2014	FY2013 12 months to Dec 31, 2013	FY2012 12 months to Dec 31, 2012	FY2011 12 months to Dec 31, 2011
Cash flows from operating activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation
Amortization of other costs
Amortization of deferred financing costs
Amortization of discount on convertible notes
Amortization of deferred gain on asset sales
Recognition of deferred gain on asset sales
Stock-based compensation
Accretion of interest
Bad debt expense
Deferred tax asset, net
Equity in losses (income) from unconsolidated joint ventures
Impairment loss on receivables and other assets from managed hotels and unconsolidated joint venture
Impairment loss and loss on disposal of assets
Gain on disposal of property held for non-sale disposition
Change in fair value of TLG Promissory Notes
TLG Promissory Notes
Total change in fair value of TLG Promissory Notes
Change in value of interest rate caps and swaps, net
Changes in assets and liabilities:
Accounts receivable, net
Related party receivables
Restricted cash
Prepaid expenses and other assets
Accounts payable and accrued liabilities
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Additions to property and equipment
Deposits into (withdrawals from) capital improvement escrows, net
Distributions from unconsolidated joint ventures
Proceeds from sale of joint venture, net
Purchase of interest in food and beverage joint ventures, net of cash acquired
Purchase of 90% ownership interest in The Light Group, net of cash acquired
Purchase of leasehold interests in restaurants
Proceeds from asset sales, net
Additions to leasehold interests in restaurants
Return of investment in development hotels
Investment in development hotels
Investment in unconsolidated joint ventures
Net cash provided by (used in) investing activities

Cash flows from financing activities:
Proceeds from debt
Payments on debt and capital lease obligations
Debt issuance costs
Cash paid in connection with vesting of stock based awards
Distributions to holders of noncontrolling interests in consolidated subsidiaries
Net cash (used in) provided by financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Distributions and losses in excess of investment in unconsolidated joint ventures
Furniture, fixture and equipment
The Light Group
Total furniture, fixture and equipment
Other assets and liabilities, net
The Light Group
Total other assets and liabilities, net
Cash included in purchase of 90% ownership interest in The Light Group
The Light Group
Total cash included in purchase of 90% ownership interest in The Light Group
Promissory notes issued for acquisition of 90% ownership interest in The Light Group
Conversion of related party accounts receivable to joint venture capital contribution
Cash included in purchase of interest in food and beverage joint ventures
Food and Beverage
Total cash included in purchase of interest in food and beverage joint ventures
Promissory notes issued for acquisition

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