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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Net revenues $ 2,502 $ 127 $ 4,294 $ 600
EXPENSES:        
Other 79 1 148 10
General and administrative 418 67 798 165
Corporate 76 14 142 30
Impairment charges 0 0 0 161
Depreciation and amortization 301 49 566 99
Transaction costs and other operating costs 72 15 92 23
Total operating expenses 1,912 206 3,488 802
Operating income (loss) 590 (79) 806 (202)
OTHER EXPENSE:        
Interest expense, net (576) (68) (1,155) (135)
Loss on extinguishment of debt (23) 0 (23) 0
Other income (loss) 110 13 (23) (10)
Total other expense (489) (55) (1,201) (145)
Income (loss) from continuing operations before income taxes 101 (134) (395) (347)
Benefit for income taxes 1 34 77 71
Net income (loss) from continuing operations, net of income taxes 102 (100) (318) (276)
Discontinued operations, net of income taxes (30) 0 (34) 0
Net income (loss) 72 (100) (352) (276)
Net income attributable to noncontrolling interests (1) 0 0 0
Net income (loss) attributable to Caesars $ 71 $ (100) $ (352) $ (276)
Net (Loss) Income per Share - Basic        
Basic (loss) income per share from continuing operations (in dollars per share) $ 0.48 $ (1.25) $ (1.52) $ (3.49)
Basic income per share from discontinued operations (in dollars per share) (0.14) 0 (0.16) 0
Basic (loss) income per share (in dollars per share) 0.34 (1.25) (1.68) (3.49)
Net (Loss) Income per Share - Diluted        
Diluted (loss) income per share from continuing operations (in dollars per share) 0.48 (1.25) (1.52) (3.49)
Diluted income per share from discontinued operations (in dollars per share) (0.14) 0 (0.16) 0
Diluted (loss) income per share (in dollars per share) $ 0.34 $ (1.25) $ (1.68) $ (3.49)
Weighted average number of shares outstanding:        
Weighted average basic shares outstanding (in shares) 209 80 209 79
Weighted average diluted shares outstanding (in shares) 211 80 209 79
Casino and pari-mutuel commissions        
REVENUES:        
Net revenues $ 1,571 $ 101 $ 2,798 $ 441
EXPENSES:        
Cost of goods and services 694 45 1,281 224
Food and beverage        
REVENUES:        
Net revenues 281 7 450 63
EXPENSES:        
Cost of goods and services 166 9 274 62
Hotel        
REVENUES:        
Net revenues 396 9 611 57
EXPENSES:        
Cost of goods and services 106 6 187 28
Other        
REVENUES:        
Net revenues $ 254 $ 10 $ 435 $ 39