The Company’s segment information is as follows as of and for the years ended December 31, 2012, 2011 and 2010 (in thousands):


	Year Ended December 31,
	2012			2011			2010
Net Revenues
Macao:
The Venetian Macao	$	3,037,975		$	2,827,174		$	2,412,990
Sands Macao		1,250,552			1,282,201			1,193,589
Four Seasons Macao		1,086,456			678,293			498,649
Sands Cotai Central		1,052,124			—			—
Other Asia		148,330			147,323			110,586

		6,575,437			4,934,991			4,215,814
Marina Bay Sands		2,886,139			2,921,863			1,262,690
United States:
Las Vegas Operating Properties		1,384,629			1,324,505			1,213,046
Sands Bethlehem		470,458			399,900			302,101

		1,855,087			1,724,405			1,515,147
Intersegment eliminations		(185,531	)		(170,514	)		(140,469	)

Total net revenues	$	11,131,132		$	9,410,745		$	6,853,182


	Year Ended December 31,
	2012			2011			2010
Adjusted Property EBITDA⁽¹⁾
Macao:
The Venetian Macao	$	1,143,245		$	1,022,778		$	809,798
Sands Macao		350,639			351,877			318,519
Four Seasons Macao		288,170			217,923			113,692
Sands Cotai Central		213,476			—			—
Other Asia		(15,950	)		(15,143	)		(24,429	)

		1,979,580			1,577,435			1,217,580
Marina Bay Sands		1,366,245			1,530,623			641,898
United States:
Las Vegas Operating Properties		331,182			333,295			310,113
Sands Bethlehem		114,055			90,802			58,982

		445,237			424,097			369,095

Total adjusted property EBITDA		3,791,062			3,532,155			2,228,573
Other Operating Costs and Expenses
Stock-based compensation		(30,772	)		(31,467	)		(31,638	)
Corporate		(207,030	)		(185,694	)		(108,848	)
Pre-opening		(143,795	)		(65,825	)		(114,833	)
Development		(19,958	)		(11,309	)		(1,783	)
Depreciation and amortization		(892,046	)		(794,404	)		(694,971	)
Amortization of leasehold interests in land		(40,165	)		(43,366	)		(41,302	)
Impairment loss		(143,674	)		—			(16,057	)
Loss on disposal of assets		(2,240	)		(10,203	)		(38,555	)

Operating income		2,311,382			2,389,887			1,180,586
Other Non-Operating Costs and Expenses
Interest income		23,252			14,394			8,947
Interest expense, net of amounts capitalized		(258,564	)		(282,949	)		(306,813	)
Other income (expense)		5,740			(3,955	)		(8,260	)
Loss on modification or early retirement of debt		(19,234	)		(22,554	)		(18,555	)
Income tax expense		(180,763	)		(211,704	)		(74,302	)

Net income	$	1,881,813		$	1,883,119		$	781,603

(1)

Adjusted property EBITDA is net income before royalty fees, stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, impairment loss, loss on disposal of assets, interest, other income (expense), loss on modification or early retirement of debt and income taxes. Adjusted property EBITDA is used by management as the primary measure of operating performance of the Company’s properties and to compare the operating performance of the Company’s properties with that of its competitors.


	Year Ended December 31,
	2012		2011		2010
Intersegment Revenues
Macao:
The Venetian Macao	$	5,125	$	3,923	$	8,345
Sands Cotai Central		251		—		—
Other Asia		32,748		36,888		61,664

		38,124		40,811		70,009
Marina Bay Sands		3,449		1,298		568
Las Vegas Operating Properties		143,958		128,405		69,892

Total intersegment revenues	$	185,531	$	170,514	$	140,469


	Year Ended December 31,
	2012		2011		2010
Capital Expenditures
Corporate and Other	$	100,887	$	23,062	$	12,215
Macao:
The Venetian Macao		112,351		28,018		40,895
Sands Macao		25,076		7,690		4,708
Four Seasons Macao		28,143		31,092		35,708
Sands Cotai Central		862,951		842,962		321,489
Other Asia		1,193		5,553		4,025
The Parisian Macao		20,393		39		7,335

		1,050,107		915,354		414,160
Marina Bay Sands		119,647		466,144		1,530,283
United States:
Las Vegas Operating Properties		156,205		47,666		21,651
Sands Bethlehem		22,388		56,267		45,672

		178,593		103,933		67,323

Total capital expenditures	$	1,449,234	$	1,508,493	$	2,023,981


	December 31,
	2012		2011		2010
Total Assets
Corporate and Other	$	586,788	$	644,645	$	1,574,180
Macao:
The Venetian Macao		3,254,193		3,199,194		3,194,598
Sands Macao		414,531		485,231		483,678
Four Seasons Macao		1,338,714		1,267,977		1,155,243
Sands Cotai Central		4,791,560		4,333,406		2,932,646
Other Asia		345,522		328,415		370,525
The Parisian Macao		118,975		96,017		97,947
Other Development Projects		123		110,133		110,312

		10,263,618		9,820,373		8,344,949
Marina Bay Sands		6,941,510		6,794,258		6,400,432
United States:
Las Vegas Operating Properties		3,605,513		4,105,618		3,966,754
Sands Bethlehem		766,223		879,229		757,993

		4,371,736		4,984,847		4,724,747

Total assets	$	22,163,652	$	22,244,123	$	21,044,308


	December 31,
	2012		2011		2010
Total Long-Lived Assets
Corporate and Other	$	398,100	$	312,860	$	308,438
Macao:
The Venetian Macao		1,968,415		2,002,751		2,138,419
Sands Macao		285,344		291,620		315,380
Four Seasons Macao		971,732		1,006,441		1,024,302
Sands Cotai Central		3,836,471		3,053,551		2,103,927
Other Asia		202,392		216,030		230,640
The Parisian Macao		118,912		96,017		97,947
Other Development Projects		—		101,062		102,085

		7,383,266		6,767,472		6,012,700
Marina Bay Sands		5,657,351		5,471,376		5,541,881
United States:
Las Vegas Operating Properties		3,179,426		3,244,090		3,429,997
Sands Bethlehem		607,346		625,649		608,021

		3,786,772		3,869,739		4,038,018

Total long-lived assets	$	17,225,489	$	16,421,447	$	15,901,037