XML 26 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Casino $ 545 $ 543 $ 1,075 $ 1,203
Food and beverage 204 203 410 429
Rooms 235 221 464 443
Interactive entertainment 248 186 476 363
Other revenue 130 121 245 246
Less: casino promotional allowances (132) (133) (272) (289)
Net revenues 1,230 1,141 2,398 2,395
Direct        
Casino 279 278 564 634
Food and beverage 100 99 193 202
Rooms 63 57 122 113
Platform fees 68 51 132 100
Property, general, administrative, and other 385 305 716 655
Depreciation and amortization 109 96 228 198
Corporate expense 41 45 82 91
Other operating costs 21 24 43 72
Total operating expenses 1,066 955 2,080 2,065
Income from operations 164 186 318 330
Interest expense (150) (147) (301) (384)
Deconsolidation and restructuring of CEOC and other (2,026) 7 (2,263) 7,096
Income/(loss) from continuing operations before income taxes (2,012) 46 (2,246) 7,042
Income tax benefit/(provision) (31) 4 (71) (188)
Income/(loss) from continuing operations, net of income taxes (2,043) 50 (2,317) 6,854
Loss from discontinued operation, net of income taxes 0 0 0 (7)
Net income/(loss) (2,043) 50 (2,317) 6,847
Net income attributable to noncontrolling interests (34) (35) (68) (60)
Net income/(loss) attributable to Caesars $ (2,077) $ 15 $ (2,385) $ 6,787
Earnings/(loss) per share - basic and diluted        
Basic earnings/(loss) per share from continuing operations $ (14.25) $ 0.10 $ (16.39) $ 46.93
Basic loss per share from discontinued operations 0.00 0.00 0.00 (0.04)
Basic earnings/(loss) per share (14.25) 0.10 (16.39) 46.89
Diluted earnings/(loss) per share from continuing operations (14.25) 0.10 (16.39) 46.31
Diluted loss per share from discontinued operations 0.00 0.00 0.00 (0.04)
Diluted earnings/(loss) per share $ (14.25) $ 0.10 $ (16.39) $ 46.27
Weighted-average common shares outstanding - basic 146 145 146 145
Weighted-average common shares outstanding - diluted 146 147 146 147