On December 31, 2012, the Company had total debt of approximately $1.2 billion.
On December 31, 2012, the Company had cash and cash equivalents, including investments in highly-rated money market funds and similar investments, of approximately $413 million and short-term investments of approximately $514 million.
On December 31, 2012, the Company had undrawn borrowing availability of approximately $1.4 billion under its revolving credit facility.
2013 INFORMATIONThe Company is providing the following information for the 2013 fiscal year:
- Adjusted SG&A expense is expected to be approximately $305 million.
- Capital expenditures are expected to be approximately $300 million, including approximately $120 million for investment in new properties, such as Grand Hyatt Rio de Janeiro, Hyatt Place Omaha and other properties.
- Depreciation and amortization expense is expected to be approximately $340 million.
- Interest expense is expected to be approximately $70 million.
- The Company expects to open over 30 hotels in 2013.
- equity earnings (losses) from unconsolidated hospitality ventures;
- loss on sale of real estate;
- asset impairments;
- other income (loss), net;
- net loss attributable to noncontrolling interests;
- depreciation and amortization;
- interest expense; and
- (provision) benefit for income taxes.
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