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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Casino $ 535,000,000 $ 1,389,000,000 $ 1,738,000,000 $ 4,028,000,000
Food and beverage 211,000,000 395,000,000 639,000,000 1,144,000,000
Rooms 220,000,000 301,000,000 663,000,000 915,000,000
Interactive entertainment 192,000,000 162,000,000 555,000,000 431,000,000
Management fees 0 16,000,000 2,000,000 45,000,000
Other 117,000,000 183,000,000 351,000,000 486,000,000
Reimbursed management costs 0 61,000,000 10,000,000 190,000,000
Less: casino promotional allowances (134,000,000) (295,000,000) (423,000,000) (854,000,000)
Net revenues 1,141,000,000 2,212,000,000 3,535,000,000 6,385,000,000
Direct expenses        
Casino 279,000,000 834,000,000 913,000,000 2,413,000,000
Food and beverage 102,000,000 183,000,000 303,000,000 516,000,000
Rooms 59,000,000 82,000,000 171,000,000 242,000,000
Platform fees 54,000,000 46,000,000 154,000,000 122,000,000
Property, general, administrative, and other 336,000,000 562,000,000 982,000,000 1,565,000,000
Reimbursable management costs 0 61,000,000 10,000,000 190,000,000
Depreciation and amortization 98,000,000 165,000,000 296,000,000 471,000,000
Impairment of goodwill 0 289,000,000 0 289,000,000
Impairment of tangible and other intangible assets 0 210,000,000 0 260,000,000
Corporate expense 40,000,000 74,000,000 131,000,000 192,000,000
Other operating costs (1) [1] 34,000,000 34,000,000 106,000,000 175,000,000
Total operating expenses 1,002,000,000 2,540,000,000 3,066,000,000 6,435,000,000
Income/(loss) from operations 139,000,000 (328,000,000) 469,000,000 (50,000,000)
Interest expense (147,000,000) (708,000,000) (531,000,000) (1,954,000,000)
Deconsolidation and restructuring of CEOC and other (935,000,000) (66,000,000) 6,162,000,000 (94,000,000)
Income/(loss) from continuing operations, before income taxes (943,000,000) (1,102,000,000) 6,100,000,000 (2,098,000,000)
Income tax benefit/(provision) 187,000,000 170,000,000 (1,000,000) 480,000,000
Income/(loss) from continuing operations, net of income taxes (756,000,000) (932,000,000) 6,099,000,000 (1,618,000,000)
Discontinued operations        
Loss from discontinued operations 0 (46,000,000) (7,000,000) (189,000,000)
Income tax benefit/(provision) 0 (2,000,000) 0 11,000,000
Loss from discontinued operations, net of income taxes 0 (48,000,000) (7,000,000) (178,000,000)
Net income/(loss) (756,000,000) (980,000,000) 6,092,000,000 (1,796,000,000)
Net (income)/loss attributable to noncontrolling interests (35,000,000) 72,000,000 (94,000,000) 35,000,000
Net income/(loss) attributable to Caesars $ (791,000,000) $ (908,000,000) $ 5,998,000,000 $ (1,761,000,000)
Earnings/(loss) per share - basic and diluted:        
Basic earnings/(loss) per share from continuing operations $ (5.44) $ (5.96) $ 41.46 $ (11.16)
Basic loss per share from discontinued operations 0.00 (0.33) (0.04) (1.25)
Basic earnings/(loss) per share (5.44) (6.29) 41.42 (12.41)
Diluted earnings/(loss) per share from continuing operations (5.44) (5.96) 40.92 (11.16)
Diluted loss per share from discontinued operations 0.00 (0.33) (0.04) (1.25)
Diluted earnings/(loss) per share $ (5.44) $ (6.29) $ 40.88 $ (12.41)
Weighted-average common shares outstanding - basic 145 144 145 142
Weighted-average common shares outstanding - diluted 145 144 147 142
Comprehensive income/(loss):        
Other comprehensive loss, net of income taxes $ 0 $ (1,000,000) $ 0 $ (4,000,000)
Comprehensive income/(loss) (756,000,000) (981,000,000) 6,092,000,000 (1,800,000,000)
Comprehensive (income)/loss attributable to noncontrolling interests (35,000,000) 72,000,000 (94,000,000) 35,000,000
Comprehensive income/(loss) attributable to Caesars $ (791,000,000) $ (909,000,000) $ 5,998,000,000 $ (1,765,000,000)
[1] Other operating costs primarily consists of write-downs, reserves and project opening costs, net of recoveries, and acquisition and integration costs.