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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenues $ 8,742 $ 8,391 $ 4,868
Operating expenses      
Property, general, administrative, and other 1,882 1,796 1,153
Reimbursable management costs 212 202 48
Depreciation and amortization 1,021 1,145 626
Impairment of goodwill 27 43 0
Impairment of tangible and other intangible assets 441 35 0
Corporate expense 295 332 202
Other operating costs 136 155 65
Total operating expenses 8,124 7,652 4,331
Income from operations 618 739 537
Interest expense (1,370) (1,346) (773)
Gain on deconsolidation of subsidiaries 0 0 31
Restructuring and support expenses 0 0 (2,028)
Loss on extinguishment of debt 0 (1) (232)
Other income/(loss) (587) 791 95
Income/(loss) before income taxes (1,339) 183 (2,370)
Income tax benefit 141 121 1,995
Net income/(loss) (1,198) 304 (375)
Net (income)/loss attributable to noncontrolling interests 3 (1) 7
Net income/(loss) attributable to Caesars $ (1,195) $ 303 $ (368)
Earnings/(loss) per share - basic and diluted (see Note 14)      
Basic earnings/(loss) per share (in dollars per share) $ (1.77) $ 0.44 $ (1.32)
Diluted loss per share (in dollars per share) $ (1.77) $ (0.25) $ (1.32)
Weighted-average common shares outstanding - basic (in shares) 676 686 279
Weighted-average common shares outstanding - diluted (in shares) 676 841 279
Casino      
Net revenues $ 4,448 $ 4,247 $ 2,168
Operating expenses      
Direct 2,511 2,380 1,202
Food and beverage      
Net revenues 1,618 1,574 982
Operating expenses      
Direct 1,113 1,092 682
Rooms      
Net revenues 1,581 1,519 1,074
Operating expenses      
Direct 486 472 353
Other revenue      
Net revenues 824 789 584
Management fees      
Net revenues 59 60 12
Reimbursed management costs      
Net revenues $ 212 $ 202 $ 48