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FelCor LP's Consolidating Financial Information (FelCor Lodging LP [Member])
 12 Months Ended
Dec. 31, 2014
FelCor Lodging LP [Member]
  
Condensed Financial Statements, Captions [Line Items]  
FelCor LP's Consolidating Financial Information
FelCor LP's Consolidating Financial Information

Certain of FelCor LP’s 100% owned subsidiaries (FCH/PSH, L.P.; FelCor Baton Rouge Owner, L.L.C.; FelCor/CMB Buckhead Hotel, L.L.C.; FelCor/CMB Marlborough Hotel, L.L.C.; FelCor/CMB Orsouth Holdings, L.P.; FelCor/CMB SSF Holdings, L.P.; FelCor/CSS Holdings, L.P.; FelCor Dallas Love Field Owner, L.L.C.; FelCor Lodging Holding Company, L.L.C.; FelCor Milpitas Owner, L.L.C.; FelCor TRS Borrower 4, L.L.C.; FelCor TRS Holdings, L.L.C.; FelCor Canada Co.; FelCor Hotel Asset Company, L.L.C.; FelCor Copley Plaza, L.L.C.; FelCor St. Pete (SPE), L.L.C.; FelCor Esmeralda (SPE), L.L.C.; FelCor S-4 Hotels (SPE), L.L.C.; Los Angeles International Airport Hotel Associates, a Texas L.P.; Madison 237 Hotel, L.L.C.; Myrtle Beach Owner, L.L.C.; and Royalton 44 Hotel, L.L.C., collectively, “Subsidiary Guarantors”), together with FelCor, guaranty, fully and unconditionally, except where subject to customary release provisions as described below, and jointly and severally, our senior debt.
The guarantees by the Subsidiary Guarantors may be automatically and unconditionally released upon (1) the sale or other disposition of all of the capital stock of the Subsidiary Guarantor or the sale or disposition of all or substantially all of the assets of the Subsidiary Guarantor, (2) the consolidation or merger of any such Subsidiary Guarantor with any person other than FelCor LP, or a subsidiary of FelCor LP, if, as a result of such consolidation or merger, such Subsidiary Guarantor ceases to be a subsidiary of FelCor LP, (3) a legal defeasance or covenant defeasance of the indenture, (4) the unconditional and complete release of such Subsidiary Guarantor in accordance with the modification and waiver provisions of the indenture, or (5) the designation of a restricted subsidiary that is a Subsidiary Guarantor as an unrestricted subsidiary under and in compliance with the indenture.

26.
FelCor LP's Consolidating Financial Information - (continued)

The following tables present consolidating information for the Subsidiary Guarantors.
FELCOR LODGING LIMITED PARTNERSHIP

CONSOLIDATING BALANCE SHEET
December 31, 2014
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 

Eliminations
 
Total
Consolidated
Net investment in hotels
$
—

 
$
908,796

 
$
690,995

 
$
—

 
$
1,599,791

Hotel development
—

 
—

 
297,466

 
—

 
297,466

Equity investment in consolidated entities
1,364,470

 
—

 
—

 
(1,364,470
)
 
—

Investment in unconsolidated entities
7,270

 
6,514

 
1,311

 
—

 
15,095

Hotels held for sale
—

 
—

 
47,145

 
—

 
47,145

Cash and cash equivalents
5,717

 
32,923

 
8,507

 
—

 
47,147

Restricted cash
—

 
12,199

 
8,297

 
—

 
20,496

Accounts receivable, net
963

 
26,343

 
499

 
—

 
27,805

Deferred expenses, net
17,203

 
—

 
8,624

 
—

 
25,827

Other assets
4,866

 
11,558

 
7,462

 
—

 
23,886

Total assets
$
1,400,489

 
$
998,333

 
$
1,070,306

 
$
(1,364,470
)
 
$
2,104,658

 
 
 
 
 
 
 
 
 
 
Debt, net
$
1,050,000

 
$
—

 
$
576,654

 
$
(40,787
)
 
$
1,585,867

Distributions payable
13,709

 
—

 
118

 
—

 
13,827

Accrued expenses and other liabilities
27,174

 
94,190

 
14,117

 
—

 
135,481

 
 
 
 
 
 
 
 
 
 
Total liabilities
1,090,883

 
94,190

 
590,889

 
(40,787
)
 
1,735,175

 
 
 
 
 
 
 
 
 
 
Redeemable units, at redemption value
6,616

 
—

 
—

 
—

 
6,616

 
 
 
 
 
 
 
 
 
 
Preferred units
478,749

 
—

 
—

 
—

 
478,749

Common units
(175,759
)
 
904,296

 
419,387

 
(1,323,683
)
 
(175,759
)
Total FelCor LP partners’ capital
302,990

 
904,296

 
419,387

 
(1,323,683
)
 
302,990

Noncontrolling interests
—

 
(153
)
 
18,588

 
—

 
18,435

Preferred capital in consolidated joint venture
—

 
—

 
41,442

 
—

 
41,442

Total partners’ capital
302,990

 
904,143

 
479,417

 
(1,323,683
)
 
362,867

Total liabilities and partners’ capital
$
1,400,489

 
$
998,333

 
$
1,070,306

 
$
(1,364,470
)
 
$
2,104,658


26.
FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONSOLIDATING BALANCE SHEET
December 31, 2013
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 

Eliminations
 
Total
Consolidated
Net investment in hotels
$
48,971

 
$
1,053,724

 
$
550,572

 
$
—

 
$
1,653,267

Hotel development
—

 
—

 
216,747

 
—

 
216,747

Equity investment in consolidated entities
1,508,593

 
—

 
—

 
(1,508,593
)
 
—

Investment in unconsolidated entities
34,090

 
11,497

 
1,356

 
—

 
46,943

Hotel held for sale
—

 
—

 
16,319

 
—

 
16,319

Cash and cash equivalents
5,227

 
33,283

 
7,135

 
—

 
45,645

Restricted cash
—

 
9,051

 
68,176

 
—

 
77,227

Accounts receivable, net
516

 
34,366

 
865

 
—

 
35,747

Deferred expenses, net
20,540

 
—

 
8,785

 
—

 
29,325

Other assets
6,248

 
10,767

 
17,998

 
(11,953
)
 
23,060

Total assets
$
1,624,185

 
$
1,152,688

 
$
887,953

 
$
(1,520,546
)
 
$
2,144,280

 
 
 
 
 
 
 
 
 
 
Debt, net
$
1,279,190

 
$
11,953

 
$
464,036

 
$
(91,953
)
 
$
1,663,226

Distributions payable
11,047

 
—

 
—

 
—

 
11,047

Accrued expenses and other liabilities
37,980

 
96,494

 
16,264

 
—

 
150,738

 
 
 
 
 
 
 
 
 
 
Total liabilities
1,328,217

 
108,447

 
480,300

 
(91,953
)
 
1,825,011

 
 
 
 
 
 
 
 
 
 
Redeemable units, at redemption value
5,039

 
—

 
—

 
—

 
5,039

 
 
 
 
 
 
 
 
 
 
Preferred units
478,774

 
—

 
—

 
—

 
478,774

Common units
(212,888
)
 
1,039,903

 
363,647

 
(1,403,550
)
 
(212,888
)
Accumulated other comprehensive income
25,043

 
4,569

 
20,474

 
(25,043
)
 
25,043

Total FelCor LP partners’ capital
290,929

 
1,044,472

 
384,121

 
(1,428,593
)
 
290,929

Noncontrolling interests
—

 
(231
)
 
23,532

 
—

 
23,301

Total partners’ capital
290,929

 
1,044,241

 
407,653

 
(1,428,593
)
 
314,230

Total liabilities and partners’ capital
$
1,624,185

 
$
1,152,688

 
$
887,953

 
$
(1,520,546
)
 
$
2,144,280

26.
FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended December 31, 2014
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 

Eliminations
 
Total
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
Hotel operating revenue
$
—

 
$
917,981

 
$
—

 
$
—

 
$
917,981

Percentage lease revenue
4,181

 
—

 
62,627

 
(66,808
)
 
—

Other revenue
6

 
3,143

 
457

 
—

 
3,606

Total revenue
4,187

 
921,124

 
63,084

 
(66,808
)
 
921,587

 
 
 
 
 
 
 
 
 
 
Expenses:
 
 
 
 
 
 
 
 
 
Hotel operating expenses
—

 
606,113

 
—

 
—

 
606,113

Taxes, insurance and lease expense
1,401

 
135,603

 
14,730

 
(66,808
)
 
84,926

Corporate expenses
427

 
19,035

 
10,123

 
—

 
29,585

Depreciation and amortization
2,717

 
69,094

 
44,008

 
—

 
115,819

Other expenses
178

 
12,330

 
5,444

 
—

 
17,952

Total operating expenses
4,723

 
842,175

 
74,305

 
(66,808
)
 
854,395

Operating income
(536
)
 
78,949

 
(11,221
)
 
—

 
67,192

Interest expense, net
(71,024
)
 
(758
)
 
(18,913
)
 
—

 
(90,695
)
Debt extinguishment
(3,823
)
 
—

 
(947
)
 
—

 
(4,770
)
Gain on sale of investment in unconsolidated entities, net
30,176

 
—

 
—

 
—

 
30,176

Gain from remeasurement of unconsolidated entities, net
20,737

 
—

 
—

 
—

 
20,737

Other gains, net
—

 
100

 
—

 
—

 
100

Income before equity in income from unconsolidated entities
(24,470
)
 
78,291

 
(31,081
)
 
—

 
22,740

Equity in income from consolidated entities
113,267

 
—

 
—

 
(113,267
)
 
—

Equity in income from unconsolidated entities
4,682

 
374

 
(46
)
 
—

 
5,010

Income from continuing operations
93,479

 
78,665

 
(31,127
)
 
(113,267
)
 
27,750

Loss from discontinued operations
—

 
27

 
(387
)
 
—

 
(360
)
Income before gain on sale of hotels
93,479

 
78,692

 
(31,514
)
 
(113,267
)
 
27,390

Gain on sale of hotels, net
(1,243
)
 
21,887

 
46,118

 
—

 
66,762

Net income
92,236

 
100,579

 
14,604

 
(113,267
)
 
94,152

Income attributable to noncontrolling interests
—

 
339

 
(1,036
)
 
—

 
(697
)
Preferred distributions - consolidated joint venture
—

 
—

 
(1,219
)
 
—

 
(1,219
)
Net income attributable to FelCor LP
92,236

 
100,918

 
12,349

 
(113,267
)
 
92,236

Preferred distributions
(38,712
)
 
—

 
—

 
—

 
(38,712
)
Net income attributable to FelCor LP common unitholders
$
53,524

 
$
100,918

 
$
12,349

 
$
(113,267
)
 
$
53,524


26.
FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended December 31, 2013
(in thousands)

 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 

Eliminations
 
Total
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
Hotel operating revenue
$
—

 
$
890,006

 
$
—

 
$
—

 
$
890,006

Percentage lease revenue
5,041

 
—

 
62,903

 
(67,944
)
 
—

Other revenue
9

 
2,976

 
445

 
—

 
3,430

Total revenue
5,050

 
892,982

 
63,348

 
(67,944
)
 
893,436

 
 
 
 
 
 
 
 
 
 
Expenses:
 
 
 
 
 
 
 
 
 
Hotel operating expenses
—

 
600,931

 
—

 
—

 
600,931

Taxes, insurance and lease expense
2,078

 
148,932

 
13,128

 
(67,944
)
 
96,194

Corporate expenses
553

 
17,966

 
8,477

 
—

 
26,996

Depreciation and amortization
4,438

 
71,898

 
43,288

 
—

 
119,624

Impairment loss
14,294

 
—

 
10,147

 
—

 
24,441

Conversion expenses
23

 
666

 
445

 
—

 
1,134

Other expenses
3,179

 
3,166

 
2,404

 
—

 
8,749

Total operating expenses
24,565

 
843,559

 
77,889

 
(67,944
)
 
878,069

Operating income
(19,515
)
 
49,423

 
(14,541
)
 
—

 
15,367

Interest expense, net
(84,206
)
 
(1,270
)
 
(18,311
)
 
—

 
(103,787
)
Other gains, net
—

 
—

 
41

 
—

 
41

Loss before equity in income from unconsolidated entities
(103,721
)
 
48,153

 
(32,811
)
 
—

 
(88,379
)
Equity in income from consolidated entities
40,276

 
—

 
—

 
(40,276
)
 
—

Equity in income from unconsolidated entities
4,183

 
449

 
(46
)
 
—

 
4,586

Loss from continuing operations
(59,262
)
 
48,602

 
(32,857
)
 
(40,276
)
 
(83,793
)
Income from discontinued operations
(2,739
)
 
1,842

 
18,907

 
—

 
18,010

Net loss
(62,001
)
 
50,444

 
(13,950
)
 
(40,276
)
 
(65,783
)
Loss attributable to noncontrolling interests
—

 
788

 
2,994

 
—

 
3,782

Net loss attributable to FelCor LP
(62,001
)
 
51,232

 
(10,956
)
 
(40,276
)
 
(62,001
)
Preferred distributions
(38,713
)
 
—

 
—

 
—

 
(38,713
)
Net loss attributable to FelCor LP common unitholders
$
(100,714
)
 
$
51,232

 
$
(10,956
)
 
$
(40,276
)
 
$
(100,714
)




26.
FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended December 31, 2012
(in thousands)

 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 

Eliminations
 
Total
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
Hotel operating revenue
$
—

 
$
858,941

 
$
—

 
$
—

 
$
858,941

Percentage lease revenue
5,160

 
—

 
71,858

 
(77,018
)
 
—

Other revenue
21

 
2,752

 
412

 
—

 
3,185

Total revenue
5,181

 
861,693

 
72,270

 
(77,018
)
 
862,126

Expenses:
 
 
 
 
 
 
 
 
 
Hotel operating expenses
—

 
587,813

 
—

 
—

 
587,813

Taxes, insurance and lease expense
1,424

 
153,444

 
14,316

 
(77,018
)
 
92,166

Corporate expenses
533

 
17,015

 
8,580

 
—

 
26,128

Depreciation and amortization
4,778

 
63,533

 
48,073

 
—

 
116,384

Conversion expenses
487

 
14,210

 
16,500

 
—

 
31,197

Other expenses
685

 
3,375

 
566

 
—

 
4,626

Total operating expenses
7,907

 
839,390

 
88,035

 
(77,018
)
 
858,314

Operating income
(2,726
)
 
22,303

 
(15,765
)
 
—

 
3,812

Interest expense, net
(86,617
)
 
(16,052
)
 
(18,883
)
 
—

 
(121,552
)
Debt extinguishment
(55,056
)
 
(6,395
)
 
(10,899
)
 
—

 
(72,350
)
Loss before equity in income from unconsolidated entities
(144,399
)
 
(144
)
 
(45,547
)
 
—

 
(190,090
)
Equity in income from consolidated entities
13,038

 
—

 
—

 
(13,038
)
 
—

Equity in income from unconsolidated entities
2,589

 
236

 
(46
)
 
—

 
2,779

Loss from continuing operations
(128,772
)
 
92

 
(45,593
)
 
(13,038
)
 
(187,311
)
Income from discontinued operations
(77
)
 
(9,745
)
 
67,719

 
—

 
57,897

Net loss
(128,849
)
 
(9,653
)
 
22,126

 
(13,038
)
 
(129,414
)
Loss attributable to noncontrolling interests
—

 
779

 
(214
)
 
—

 
565

Net loss attributable to FelCor LP
(128,849
)
 
(8,874
)
 
21,912

 
(13,038
)
 
(128,849
)
Preferred distributions
(38,713
)
 
—

 
—

 
—

 
(38,713
)
Net loss attributable to FelCor LP common unitholders
$
(167,562
)
 
$
(8,874
)
 
$
21,912

 
$
(13,038
)
 
$
(167,562
)
26.    FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2014
(in thousands)
 
FelCor LP
 
Subsidiary Guarantors
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total Consolidated
Net income
$
92,236

 
$
100,579

 
$
14,604

 
$
(113,267
)
 
$
94,152

Foreign currency translation adjustment
(490
)
 
(121
)
 
(369
)
 
490

 
(490
)
Reclassification of foreign currency translation to gain
(24,553
)
 
(4,448
)
 
(20,105
)
 
24,553

 
(24,553
)
Comprehensive income
67,193

 
96,010

 
(5,870
)
 
(88,224
)
 
69,109

Comprehensive income attributable to noncontrolling interests
—

 
339

 
(1,036
)
 
—

 
(697
)
Preferred distributions - consolidated joint venture
—

 
—

 
(1,219
)
 
—

 
(1,219
)
Comprehensive income attributable to FelCor LP
$
67,193

 
$
96,349

 
$
(8,125
)
 
$
(88,224
)
 
$
67,193



FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS
For the Year Ended December 31, 2013
(in thousands)
 
FelCor LP
 
Subsidiary Guarantors
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total Consolidated
Net loss
$
(62,001
)
 
$
50,444

 
$
(13,950
)
 
$
(40,276
)
 
$
(65,783
)
Foreign currency translation adjustment
(1,108
)
 
(213
)
 
(895
)
 
1,108

 
(1,108
)
Comprehensive loss
(63,109
)
 
50,231

 
(14,845
)
 
(39,168
)
 
(66,891
)
Comprehensive loss attributable to noncontrolling interests
—

 
788

 
2,994

 
—

 
3,782

Comprehensive loss attributable to FelCor LP
$
(63,109
)
 
$
51,019

 
$
(11,851
)
 
$
(39,168
)
 
$
(63,109
)




26.
FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS
For the Year Ended December 31, 2012
(in thousands)
 
FelCor LP
 
Subsidiary Guarantors
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total Consolidated
Net loss
$
(128,849
)
 
$
(9,653
)
 
$
22,126

 
$
(13,038
)
 
$
(129,414
)
Foreign currency translation adjustment
303

 
16

 
287

 
(303
)
 
303

Comprehensive loss
(128,546
)
 
(9,637
)
 
22,413

 
(13,341
)
 
(129,111
)
Comprehensive loss attributable to noncontrolling interests
—

 
779

 
(214
)
 
—

 
565

Comprehensive loss attributable to FelCor LP
$
(128,546
)
 
$
(8,858
)
 
$
22,199

 
$
(13,341
)
 
$
(128,546
)
26.    FelCor LP's Consolidating Financial Information — (continued)
FELCOR LODGING LIMITED PARTNERSHIP
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2014
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
Operating activities:
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
$
(65,903
)
 
$
150,663

 
$
20,058

 
$
—

 
$
104,818

Investing activities:
 
 
 
 
 
 
 
 
 
Improvements and additions to hotels
(135
)
 
(58,017
)
 
(25,512
)
 
—

 
(83,664
)
Hotel development
—

 
—

 
(86,565
)
 
—

 
(86,565
)
Net proceeds from asset dispositions
6,488

 
13,967

 
143,163

 
—

 
163,618

Proceeds from unconsolidated joint venture transaction
3,154

 
—

 
878

 
—

 
4,032

Insurance proceeds
—

 
521

 
—

 
—

 
521

Change in restricted cash
—

 
(3,571
)
 
60,302

 
—

 
56,731

Distributions from unconsolidated entities
7,472

 
5,356

 
—

 
—

 
12,828

Contributions to unconsolidated entities
(7
)
 
—

 
—

 
—

 
(7
)
Intercompany financing
334,905

 
—

 
—

 
(334,905
)
 
—

Cash flows from investing activities
351,877

 
(41,744
)
 
92,266

 
(334,905
)
 
67,494

Financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from borrowings
—

 
—

 
473,062

 
—

 
473,062

Repayment of borrowings
(236,745
)
 
—

 
(386,361
)
 
—

 
(623,106
)
Payment of deferred financing costs
(4
)
 
—

 
(3,211
)
 
—

 
(3,215
)
Acquisition of noncontrolling interest
—

 
—

 
(5,850
)
 
—

 
(5,850
)
Distributions paid to noncontrolling interests
—

 
(850
)
 
(8,746
)
 
—

 
(9,596
)
Contributions from noncontrolling interests
—

 
1,265

 
5,110

 
—

 
6,375

Net proceeds from issuance of preferred equity-consolidated joint venture
—

 
—

 
41,442

 
—

 
41,442

Distributions paid to preferred unitholders
(38,712
)
 
—

 
—

 
—

 
(38,712
)
Distributions paid to common unitholders
(9,981
)
 
—

 
—

 
—

 
(9,981
)
Intercompany financing
—

 
(109,609
)
 
(225,296
)
 
334,905

 
—

Other
(42
)
 
—

 
(1,102
)
 
—

 
(1,144
)
Cash flows used in financing activities
(285,484
)
 
(109,194
)
 
(110,952
)
 
334,905

 
(170,725
)
Effect of exchange rate changes on cash
—

 
(85
)
 
—

 
—

 
(85
)
Change in cash and cash equivalents
490

 
(360
)
 
1,372

 
—

 
1,502

Cash and cash equivalents at beginning of period
5,227

 
33,283

 
7,135

 
—

 
45,645

Cash and cash equivalents at end of period
$
5,717

 
$
32,923

 
$
8,507

 
$
—

 
$
47,147


26.    FelCor LP's Consolidating Financial Information — (continued)
FELCOR LODGING LIMITED PARTNERSHIP
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
Operating activities:
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
$
(55,959
)
 
$
114,777

 
$
9,643

 
$
—

 
$
68,461

Investing activities:
 
 
 
 
 
 
 
 
 
Improvements and additions to hotels
2,383

 
(61,239
)
 
(42,501
)
 
—

 
(101,357
)
Hotel development
—

 
—

 
(60,553
)
 
—

 
(60,553
)
Net proceeds from asset dispositions
9,650

 
17,750

 
71,420

 
—

 
98,820

Distributions from unconsolidated entities
8,159

 
1,625

 
—

 
—

 
9,784

Contributions to unconsolidated entities
—

 
(1,500
)
 
—

 
—

 
(1,500
)
Intercompany financing
73,730

 
—

 
—

 
(73,730
)
 
—

Other
—

 
239

 
699

 
—

 
938

Cash flows used in investing activities
93,922

 
(43,125
)
 
(30,935
)
 
(73,730
)
 
(53,868
)
Financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from borrowings
—

 
—

 
164,000

 
—

 
164,000

Repayment of borrowings
—

 
—

 
(136,902
)
 
—

 
(136,902
)
Distributions paid to preferred unitholders
(38,713
)
 
—

 
—

 
—

 
(38,713
)
Intercompany financing
—

 
(69,561
)
 
(4,169
)
 
73,730

 
—

Other
(2,335
)
 
832

 
(1,510
)
 
—

 
(3,013
)
Cash flows used in financing activities
(41,048
)
 
(68,729
)
 
21,419

 
73,730

 
(14,628
)
Effect of exchange rate changes on cash
—

 
(65
)
 
—

 
—

 
(65
)
Change in cash and cash equivalents
(3,085
)
 
2,858

 
127

 
—

 
(100
)
Cash and cash equivalents at beginning of period
8,312

 
30,425

 
7,008

 
—

 
45,745

Cash and cash equivalents at end of period
$
5,227

 
$
33,283

 
$
7,135

 
$
—

 
$
45,645



26.
FelCor LP's Consolidating Financial Information — (continued)
FELCOR LODGING LIMITED PARTNERSHIP
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012
(in thousands)
 

FelCor LP
 
Subsidiary
Guarantors
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
Operating activities:
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
$
(82,558
)
 
$
69,045

 
$
60,822

 
$
—

 
$
47,309

Investing activities:
 
 
 
 
 
 
 
 
 
Improvements and additions to hotels
(7,760
)
 
(79,696
)
 
(34,019
)
 
—

 
(121,475
)
Hotel development
—

 
—

 
(24,849
)
 
—

 
(24,849
)
Net proceeds from asset dispositions
(14
)
 
4,236

 
193,391

 
—

 
197,613

Distributions from unconsolidated entities
12,914

 
625

 
—

 
—

 
13,539

Intercompany financing
(49,051
)
 
—

 
—

 
49,051

 
—

Other
—

 
5,285

 
1,028

 
—

 
6,313

Cash flows from investing activities
(43,911
)
 
(69,550
)
 
135,551

 
49,051

 
71,141

Financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from borrowings
525,000

 
—

 
473,611

 
—

 
998,611

Repayment of borrowings
(299,542
)
 
(208,027
)
 
(535,796
)
 
—

 
(1,043,365
)
Payment of deferred financing costs
(7,719
)
 
(26
)
 
(10,125
)
 
—

 
(17,870
)
Distributions paid to preferred unitholders
(106,461
)
 
—

 
—

 
—

 
(106,461
)
Intercompany financing
—

 
169,919

 
(120,868
)
 
(49,051
)
 
—

Other
—

 
2,001

 
559

 
—

 
2,560

Cash flows used in financing activities
111,278

 
(36,133
)
 
(192,619
)
 
(49,051
)
 
(166,525
)
Effect of exchange rate changes on cash
—

 
62

 
—

 
—

 
62

Change in cash and cash equivalents
(15,191
)
 
(36,576
)
 
3,754

 
—

 
(48,013
)
Cash and cash equivalents at beginning of period
23,503

 
67,001

 
3,254

 
—

 
93,758

Cash and cash equivalents at end of period
$
8,312

 
$
30,425

 
$
7,008

 
$
—

 
$
45,745