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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Casino $ 543 $ 1,337 $ 1,203 $ 2,638
Food and beverage 203 377 429 750
Rooms 221 306 443 614
Interactive entertainment 186 145 363 269
Management fees 0 15 2 28
Other 121 168 235 304
Reimbursed management costs 0 68 9 129
Less: casino promotional allowances (133) (276) (289) (559)
Net revenues 1,141 2,140 2,395 4,173
Direct expenses        
Casino 278 791 634 1,579
Food and beverage 99 175 202 333
Rooms 57 80 113 160
Platform fees 51 41 100 76
Property, general, administrative, and other 305 510 646 1,004
Reimbursable management costs 0 68 9 129
Depreciation and amortization 96 157 198 305
Write-downs, reserves, and project opening costs, net of recoveries 24 52 66 76
Impairment of tangible and other intangible assets 0 17 0 50
Corporate expense 45 68 91 119
Acquisition and integration costs and other 0 54 6 65
Total operating expenses 955 2,013 2,065 3,896
Income from operations 186 127 330 277
Interest expense (147) (654) (384) (1,246)
Gain on deconsolidation of subsidiary and other gains/(losses) 7 (27) 7,096 (27)
Income/(loss) from continuing operations, before income taxes 46 (554) 7,042 (996)
Income tax benefit/(provision) 4 167 (188) 309
Income/(loss) from continuing operations, net of income taxes 50 (387) 6,854 (687)
Discontinued operations        
Loss from discontinued operations 0 (47) (7) (142)
Income tax benefit/(provision) 0 2 0 13
Loss from discontinued operations, net of income taxes 0 (45) (7) (129)
Net loss 50 (432) 6,847 (816)
Net income attributable to noncontrolling interests (35) (34) (60) (37)
Net income/(loss) attributable to Caesars $ 15 $ (466) $ 6,787 $ (853)
Earnings/(loss) per share - basic and diluted:        
Basic earnings/(loss) per share from continuing operations $ 0.10 $ (2.92) $ 46.93 $ (5.15)
Basic loss per share from discontinued operations 0.00 (0.32) (0.04) (0.91)
Basic earnings/(loss) per share 0.10 (3.24) 46.89 (6.06)
Diluted earnings/(loss) per share from continuing operations 0.10 (2.92) 46.31 (5.15)
Diluted loss per share from discontinued operations 0.00 (0.32) (0.04) (0.91)
Diluted earnings/(loss) per share $ 0.10 $ (3.24) $ 46.27 $ (6.06)
Weighted average common share outstanding 145 144 145 141
Weighted average common shares and dilutive potential common shares 147 144 147 141
Comprehensive income/(loss):        
Other comprehensive loss, net of income taxes $ 0 $ 0 $ 0 $ (3)
Comprehensive income/(loss) 50 (432) 6,847 (819)
Comprehensive loss attributable to noncontrolling interests (35) (34) (60) (37)
Comprehensive income/(loss) attributable to Caesars $ 15 $ (466) $ 6,787 $ (856)