
	Quarter
	First^(1)(2)(3)		Second^(1)(3)(4)		Third⁽¹⁾⁽⁴⁾		Fourth⁽¹⁾		Total⁽¹⁾
	(In thousands, except per share data)
2012
Net revenues	$	2,762,742	$	2,581,906	$	2,709,482	$	3,077,002	$	11,131,132
Operating income		707,554		397,728		534,095		672,005		2,311,382
Net income		579,109		286,381		444,980		571,343		1,881,813
Net income attributable to Las Vegas Sands Corp. and common stockholders		498,942		240,587		349,782		434,782		1,524,093
Basic earnings per share		0.66		0.29		0.43		0.53		1.89
Diluted earnings per share		0.61		0.29		0.42		0.53		1.85
2011
Net revenues	$	2,111,919	$	2,345,096	$	2,409,375	$	2,544,355	$	9,410,745
Operating income		485,927		608,122		632,556		663,282		2,389,887
Net income		364,503		489,092		505,172		524,352		1,883,119
Net income attributable to Las Vegas Sands Corp.		289,323		410,637		424,879		435,284		1,560,123
Net income attributable to common stockholders		228,156		367,607		353,631		320,114		1,269,508
Basic earnings per share		0.32		0.50		0.48		0.44		1.74
Diluted earnings per share		0.28		0.45		0.44		0.39		1.56

(1)

The Company repurchased, redeemed or induced holders to redeem all outstanding preferred stock, which resulted in charges to net income attributable to common stockholders of $18.4 million, $0.7 million, $29.0 million and $97.6 million during the first, second, third and fourth quarters of the year ended December 31, 2011, respectively. For the year ended December 31, 2011, $145.7 million was charged to net income attributable to common stockholders.

(2)	During the first quarter of 2012, the Principal Stockholder’s family exercised all of their outstanding warrants to purchase 87,500,175 shares of the Company’s common stock and paid $525.0 million in cash as settlement of the exercise price.

(3)	During the first and second quarters of 2012, the Company recorded impairment losses of $42.9 million and $100.7 million, respectively.

(4)	Phases I and IIA of Sands Cotai Central opened in April and September 2012, respectively.