XML 78 R17.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share (“EPS”) is computed by dividing the applicable income amounts by the weighted-average number of shares of common stock outstanding. Diluted EPS is computed by dividing the applicable income amounts by the sum of weighted-average number of shares of common stock outstanding and dilutive potential common stock.
For a period in which Caesars generated a net loss, the weighted-average basic shares outstanding was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.
Basic and Dilutive Net Earnings Per Share Reconciliation
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions, except per share data)
2019
 
2018
 
2019
 
2018
Net income/(loss) attributable to Caesars
$
(359
)
 
$
110

 
$
(891
)
 
$
105

Dilutive effect of CEC Convertible Notes, net of tax
—

 
9

 
—

 
—

Adjusted net income/(loss) attributable to Caesars
$
(359
)
 
$
119

 
$
(891
)
 
$
105

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
678

 
681

 
674

 
692

Dilutive potential common shares: Stock-based compensation awards
—

 
4

 
—

 
5

Dilutive potential common shares: CEC Convertible Notes
—

 
150

 
—

 
—

Weighted-average common shares outstanding - diluted
678

 
835

 
674

 
697

 
 
 
 
 
 
 
 
Basic earnings/(loss) per share
$
(0.53
)
 
$
0.16

 
$
(1.32
)
 
$
0.15

Diluted earnings/(loss) per share
$
(0.53
)
 
$
0.14

 
$
(1.32
)
 
$
0.15


Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Stock-based compensation awards
18

 
1

 
22

 
1

CEC Convertible Notes
151

 
—

 
151

 
150

Total anti-dilutive common stock
169

 
1

 
173

 
151