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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2017
Oct. 05, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2016
Dec. 31, 2015
Revenues            
Income from direct financing and sales-type leases $ 150,171   $ 822,205 $ 741,564    
Income from operating leases 11,529   43,653 47,972    
Tenant reimbursement of property taxes 19,558   0 81,240    
Revenues 187,609   894,798 897,977    
Operating expenses            
General and administrative 9,939   24,569 24,429    
Depreciation 751   3,831 3,686    
Property taxes 19,558   0 81,810    
Golf operations 4,126   18,901 17,371    
Loss on impairment 0   0 12,334    
Transaction and acquisition expenses 9,039   4,998 393    
Total operating expenses 43,413   52,299 140,023    
Operating income 144,196   842,499 757,954    
Interest expense (63,354)   (248,384) (212,663)    
Interest income 282   20,014 11,307    
Loss from extinguishment of debt (38,488)   (58,143) (23,040)    
Income before income taxes 42,636   555,986 533,558    
Income tax (expense) benefit 1,901   (1,705) (1,441)    
Net income 44,537   554,281 532,117    
Less: Net income attributable to non-controlling interests (1,875)   (8,317) (8,498)    
Net income attributable to common stockholders $ 42,662   $ 545,964 $ 523,619    
Net income per common share            
Basic (in dollars per share) $ 0.19   $ 1.25 $ 1.43    
Diluted (in dollars per share) $ 0.19   $ 1.24 $ 1.43    
Weighted average number of common shares outstanding            
Basic (in shares) 227,828,844   435,071,096 367,226,395    
Diluted (in shares) 227,985,455   439,152,946 367,316,901    
Other comprehensive income            
Net income attributable to common stockholders $ 42,662   $ 545,964 $ 523,619    
Unrealized loss on cash flow hedges 0   (42,954) (22,124)    
Comprehensive income attributable to common stockholders 42,662   503,010 501,495    
Caesars Entertainment Outdoor            
Revenues            
Net revenues   $ 14,136     $ 18,785 $ 18,077
Operating expenses            
General and administrative   1,382     2,009 1,760
Depreciation   2,445     3,030 2,882
Total operating expenses   14,136     18,778 18,059
Operating income   0     7 18
Interest expense   0     (7) (18)
Income before income taxes   0     0 0
Income tax (expense) benefit   (2)     0 3
Net income   (2)     0 3
Net income attributable to common stockholders   (2)     0 3
Other comprehensive income            
Net income attributable to common stockholders   (2)     0 3
Golf operations            
Revenues            
Revenues $ 6,351   $ 28,940 $ 27,201    
Golf operations | Caesars Entertainment Outdoor            
Revenues            
Net revenues   11,412     14,558 14,071
Operating expenses            
Golf operations   5,204     7,082 6,767
Food and beverage | Caesars Entertainment Outdoor            
Revenues            
Net revenues   1,361     2,150 2,150
Operating expenses            
Golf operations   1,144     1,828 1,936
Retail and other | Caesars Entertainment Outdoor            
Revenues            
Net revenues   1,363     2,077 1,856
Operating expenses            
Golf operations   1,066     1,691 1,581
Property costs | Caesars Entertainment Outdoor            
Operating expenses            
Golf operations   $ 2,895     $ 3,138 $ 3,133