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Schedule I (Notes) (Parent Company [Member])
12 Months Ended
Dec. 31, 2013
Parent Company [Member]
 
Condensed Financial Statements, Captions [Line Items]  
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY
CAESARS ENTERTAINMENT CORPORATION
CONDENSED BALANCE SHEETS
(In millions)
 
As of December 31,
 
2013
 
2012
Assets
 
 
 
Current assets
 
 
 
Cash and cash equivalents
$
113.3

 
$
7.4

Restricted cash
30.5

 

Receivables, net
0.1

 
0.1

Prepayments and other current assets

 
5.0

Intercompany receivables
0.8

 
29.6

Total current assets
144.7

 
42.1

Investments in subsidiaries

 

Restricted cash
20.0

 

Deferred charges and other
1.0

 
7.5

Deferred income taxes
7.8

 

Intercompany receivables
340.5

 
563.1

Total assets
$
514.0

 
$
612.7

 
 
 
 
Liabilities and Stockholders’ Equity/(Deficit)
 
 
 
Current liabilities
 
 
 
Accounts payable
$
0.3

 
$
3.9

Accrued expenses
3.8

 
3.7

Deferred income taxes

 

Intercompany payables
5.3

 
15.9

Total current liabilities
9.4

 
23.5

Accumulated losses of subsidiaries in excess of investment
3,582.1

 
925.4

Deferred credits and other

 
4.1

Deferred income taxes

 

Intercompany payables
55.0

 
55.0

Total liabilities
3,646.5

 
1,008.0

Total stockholders’ equity/(deficit)
(3,132.5
)
 
(395.3
)
Total liabilities and stockholders' equity(deficit)
$
514.0

 
$
612.7

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY
CAESARS ENTERTAINMENT CORPORATION
CONDENSED STATEMENT OF COMPREHENSIVE LOSS
(In millions)
 
Years Ended December 31,
 
2013
 
2012
 
2011
Net revenues
$

 
$

 
$

Operating expenses
 
 
 
 
 
Write-downs, reserves, and project opening costs, net of recoveries

 
15.0

 

Loss on interests in non-consolidated affiliates
(0.4
)
 

 

Loss on interests in subsidiaries
2,923.0

 
1,464.3

 
693.4

Corporate expense
16.0

 
28.2

 
22.7

Acquisition and integration costs

 

 
0.1

Total operating expenses
2,938.6

 
1,507.5

 
716.2

Loss from operations
(2,938.6
)
 
(1,507.5
)
 
(716.2
)
Interest expense
2.3

 
(1.0
)
 

Other income, including interest income
23.1

 
18.3

 
25.5

Loss from operations before income taxes
(2,913.2
)
 
(1,490.2
)
 
(690.7
)
Benefit for income taxes
(0.1
)
 
9.1

 
3.1

Net loss
(2,913.3
)
 
(1,481.1
)
 
(687.6
)
Other comprehensive income/(loss), net of income taxes

 

 

Comprehensive loss
$
(2,913.3
)
 
$
(1,481.1
)
 
$
(687.6
)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY
CAESARS ENTERTAINMENT CORPORATION
CONDENSED STATEMENT OF CASH FLOWS
(In millions)
  
Years Ended December 31,
  
2013
 
2012
 
2011
Cash flows from operating activities
$
407.9

 
$
258.6

 
$
182.9

Cash flows from investing activities
 
 
 
 
 
Change in restricted cash
(50.5
)
 

 

Payments to acquire businesses, net of transaction costs and cash acquired

 

 
(123.5
)
Purchase of additional interest in subsidiary
(581.2
)
 
(232.5
)
 

Purchase of Linq/Octavius from non-guarantor
(80.7
)
 

 

Proceeds paid for sale of assets
(29.0
)
 

 

Other
(0.4
)
 
(0.8
)
 

Cash flows used in investing activities
(741.8
)
 
(233.3
)
 
(123.5
)
Cash flows from financing activities
 
 
 
 
 
Issuance of common stock, net of fees
217.2

 
17.4

 

Other

 

 
(1.7
)
Transfer to affiliates
222.6

 
(39.2
)
 
(189.8
)
Cash flows provided by financing activities
439.8

 
(21.8
)
 
(191.5
)
Net increase/(decrease) in cash and cash equivalents
105.9

 
3.5

 
(132.1
)
Cash and cash equivalents, beginning of period
7.4

 
3.9

 
136.0

Cash and cash equivalents, end of period
$
113.3

 
$
7.4

 
$
3.9

CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY
CAESARS ENTERTAINMENT CORPORATION
NOTES TO CONDENSED FINANCIAL INFORMATION

1.
Background and basis of presentation
These condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule 1 of Regulation S-X, as the restricted net assets of Caesars Entertainment Corporation and its subsidiaries exceed 25% of the consolidated net assets of Caesars Entertainment Corporation and its subsidiaries (the "Company"). This information should be read in conjunction with the company's consolidated financial statements included elsewhere in this filing.
2.
Restricted net assets of subsidiaries
Certain of the Company's subsidiaries have restrictions on their ability to pay dividends or make intercompany loans and advances pursuant to financing arrangements and regulatory restrictions. The amount of restricted net assets the Company's consolidated subsidiaries held at December 31, 2013 and 2012 was approximately $3.0 billion and $1.2 billion, respectively. Such restrictions are on net assets of Caesars Entertainment Corporation and its subsidiaries. The amount of restricted net assets in the Company's unconsolidated subsidiaries was not material to the financial statements.
3.
Commitments, contingencies and long-term obligations
For a discussion of the Company's commitments, contingencies and long term obligations under its senior secured credit facility, see Note 9, "Debt" and Note 17, "Litigation, Contractual Commitments and Contingent Liabilities" of the Company's consolidated financial statements.
Background and basis of presentation
Background and basis of presentation
These condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule 1 of Regulation S-X, as the restricted net assets of Caesars Entertainment Corporation and its subsidiaries exceed 25% of the consolidated net assets of Caesars Entertainment Corporation and its subsidiaries (the "Company"). This information should be read in conjunction with the company's consolidated financial statements included elsewhere in this filing.
Restricted net assets of subsidiaries
Restricted net assets of subsidiaries
Certain of the Company's subsidiaries have restrictions on their ability to pay dividends or make intercompany loans and advances pursuant to financing arrangements and regulatory restrictions. The amount of restricted net assets the Company's consolidated subsidiaries held at December 31, 2013 and 2012 was approximately $3.0 billion and $1.2 billion, respectively. Such restrictions are on net assets of Caesars Entertainment Corporation and its subsidiaries. The amount of restricted net assets in the Company's unconsolidated subsidiaries was not material to the financial statements.
Commitments, contingencies and long-term obligations
Commitments, contingencies and long-term obligations
For a discussion of the Company's commitments, contingencies and long term obligations under its senior secured credit facility, see Note 9, "Debt" and Note 17, "Litigation, Contractual Commitments and Contingent Liabilities" of the Company's consolidated financial statements.