XML 41 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue from Contract with Customer, Including Assessed Tax $ 2,115 $ 2,185 $ 2,119 $ 1,972 $ 1,901 $ 993 $ 1,008 $ 966 $ 8,391 $ 4,868 $ 3,877
Operating expenses                      
Property, general, administrative, and other                 1,761 1,124 1,147
Reimbursable management costs                 202 48 0
Depreciation and amortization                 1,145 626 439
Impairment of goodwill                 43 0 0
Impairment of tangible and other intangible assets                 35 0 0
Corporate expense                 332 202 194
Other operating costs                 155 [1] 65 [1] 91 [2]
Total operating expenses                 7,652 4,331 3,651
Income from operations 100 232 282 125 154 84 149 150 739 537 226
Interest expense                 (1,346) (773) (599)
Gain on deconsolidation of subsidiaries                 0 31 0
Restructuring and support expenses                 0 2,028 5,729
Loss on extinguishment of debt                 (1) (232) 0
Other income/(loss)                 791 [1] 95 [1] (29)
Income/(loss) from continuing operations before income taxes                 183 (2,370) (6,131)
Income tax benefit/(provision) [3],[4]                 121 1,995 (327)
Income/(loss) from continuing operations, net of income taxes                 304 (375) (6,458)
Discontinued operations, net of income taxes                 0 0 3,380
Net income/(loss) 198 111 29 (34) 2,004 (439) (1,432) (508) 304 (375) (3,078)
Net (income)/loss attributable to noncontrolling interests                 (1) 7 29
Net income/(loss) attributable to Caesars $ 198 $ 110 $ 29 $ (34) $ 2,004 $ (433) $ (1,432) $ (507) $ 303 $ (368) $ (3,049)
Earnings/(loss) per share - basic and diluted                      
Basic earnings/(loss) per share from continuing operations                 $ 0.44 $ (1.32) $ (43.96)
Basic earnings per share from discontinued operations                 0 0 23.11
Basic earnings/(loss) per share $ 0.29 $ 0.16 $ 0.04 $ (0.05) $ 3.01 $ (2.90) $ (9.62) $ (3.44) 0.44 (1.32) (20.85)
Diluted earnings/(loss) per share from continuing operations                 0.41 (1.32) (43.96)
Diluted earnings per share from discontinued operations                 0 0 23.11
Diluted earnings/(loss) per share $ 0.25 $ 0.14 $ 0.04 $ (0.05) $ 2.48 $ (2.90) $ (9.62) $ (3.44) $ 0.41 $ (1.32) $ (20.85)
Weighted-average common shares outstanding - basic                 686 279 146
Weighted-average common shares outstanding - diluted                 841 279 146
Casino [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 $ 4,247 $ 2,168 $ 1,608
Direct Operating Costs                 2,393 1,213 890
Food and Beverage [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 1,574 982 822
Direct Operating Costs                 1,106 693 572
Occupancy [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 1,519 1,074 950
Direct Operating Costs                 480 360 318
Product and Service, Other [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 789 584 497
License and Service [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 60 12 0
Service, Other [Member]                      
Revenue from Contract with Customer, Including Assessed Tax                 $ 202 $ 48 $ 0
[1] (2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[2] (3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, gains and losses on asset sales, weather related property closure costs, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[3] (1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[4] (1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.