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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents ($14 and $58 attributable to our VIEs) $ 1,491 $ 2,558
Restricted cash 115 116
Receivables, net 457 494
Due from affiliates, net 6 11
Prepayments and other current assets ($6 and $2 attributable to our VIEs) 155 239
Inventories 41 39
Total current assets 2,265 3,457
Property and equipment, net ($137 and $57 attributable to our VIEs) [1] 16,045 16,154 [2]
Goodwill [3] 4,044 3,815
Intangible assets other than goodwill 2,977 1,609
Restricted cash 51 35
Deferred income taxes 10 2
Deferred Costs and Other Assets 383 364
Total assets 25,775 25,436
Current liabilities    
Accounts payable ($41 and $3 attributable to our VIEs) 399 318
Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs) [4] 1,217 1,326
Interest payable 56 38
Contract liabilities [4] 144 129
Current portion of financing obligations 20 9
Current portion of long-term debt 164 64
Total current liabilities 2,000 1,884
Financing obligations [1] 10,057 9,355
Long-term debt 8,801 8,849
Deferred income taxes 730 577
Deferred credits and other liabilities 849 1,474
Total liabilities 22,437 22,139
Commitments and contingencies (See Note 11)
Stockholders’ equity    
Common stock: voting, $0.01 par value, 670 and 696 shares issued, respectively 7 7
Treasury stock: 46 and 12 shares, respectively (485) (152)
Additional paid-in capital 14,124 14,040
Accumulated deficit (10,372) (10,675)
Accumulated other comprehensive income/(loss) (24) 6
Noncontrolling interests 88 71
Total stockholders’ equity 3,338 3,297
Total liabilities and stockholders’ equity $ 25,775 $ 25,436
[1] The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 11) are no longer considered continuing involvement under the new revenue recognition standard. As a result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2] (1) We reclassified $73 million in land improvements to Buildings, riverboats and leasehold and land improvements to align with our 2018 reporting presentation.
[3] (2) $405 million of goodwill is associated with a reporting unit with zero or negative carrying value. As the reporting unit has a positive fair value, there was no impairment associated with this reporting unit.
[4] Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.