onsolidated cash of $2.58 billion, we estimate net leverage at 4.1x. [Exhibit 8: Wynn Resorts ($ Millions) 2015(A) 2018(A) L1M 2017(E) 2018(E) Cconeallditsd EBITDA $1,071 $1.138 51,535 51,843 $1,815 Less: Capital Expenditures 1,921 1.226 5922 $790 $1.515 Loss: Cash interest 291 265 367 365 375