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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash (used in) provided by operating activities $ (220) $ 260
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment, net (94) (135)
Former Caesars acquisition, net of cash acquired (6,374) 0
Acquisition of gaming rights (20) 0
Sale of restricted investments 0 5
Proceeds from sale of businesses, property and equipment, net of cash sold 231 169
Investment in unconsolidated affiliates (1) (1)
Net cash (used in) provided by investing activities (6,258) 38
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from long-term debt and revolving credit facilities 9,765 0
Repayments of long-term debt and revolving credit facilities (2,826) (315)
Proceeds from sale-leaseback financing arrangement 3,219 0
Financing obligation payments (49) 0
Debt issuance and extinguishment costs (356) (1)
Proceeds from issuance of common stock 772 0
Cash paid to settle convertible notes (574) 0
Taxes paid related to net share settlement of equity awards (8) (7)
Net cash (used in) provided by financing activities 9,943 (323)
Cash flows from operating activities 23 0
Cash flows from investing activities (4) 0
Net cash from discontinued operations 19 0
Increase (decrease) in cash, cash equivalents and restricted cash 3,484 (25)
Cash, cash equivalents and restricted cash, beginning of period 217 247
Cash, cash equivalents and restricted cash, end of period 3,701 222
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONSOLIDATED CONDENSED BALANCE SHEETS:    
Total cash, cash equivalents and restricted cash 3,701 222
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 373 214
Income taxes paid, net 19 43
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Payables for capital expenditures (44) 11
Exchange for sale-leaseback financing obligation 246 0
Shares issued to settle convertible notes 235 0
Shares issued to Former Caesars shareholders $ 2,381 $ 0