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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents ($40 and $58 attributable to our VIEs) $ 2,687 $ 2,558
Restricted cash 111 116
Receivables, net 443 494
Due from affiliates, net 9 11
Prepayments and other current assets ($1 and $2 attributable to our VIEs) 187 239
Inventories 40 39
Total current assets 3,477 3,457
Property and equipment, net ($79 and $57 attributable to our VIEs) 15,844 16,154 [1]
Goodwill 3,814 3,815
Intangible assets other than goodwill 1,573 1,609
Restricted cash 50 35
Deferred income taxes 2 2
Deferred charges and other assets ($30 and $0 attributable to our VIEs) 394 364
Total assets 25,154 25,436
Current liabilities    
Accounts payable ($4 and $3 attributable to our VIEs) 250 318
Accrued expenses and other current liabilities (2) 1,247 1,326 [2]
Interest payable 35 38
Contract liabilities 146 129 [2]
Current portion of financing obligations 11 9
Current portion of long-term debt 64 64
Total current liabilities 1,753 1,884
Financing obligations 9,422 9,355 [1]
Long-term debt 8,822 8,849
Deferred income taxes 550 577
Deferred credits and other liabilities 1,301 1,474
Total liabilities 21,848 22,139
Commitments and contingencies (Note 7)
Stockholders’ equity    
Caesars stockholders’ equity 3,219 3,226
Noncontrolling interests 87 71
Total stockholders’ equity 3,306 3,297
Total liabilities and stockholders’ equity $ 25,154 $ 25,436
[1] The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 7) are no longer considered continuing involvement under the new revenue recognition standard. As of result of adopting the new standard on a full retrospective basis, we are now reflecting this transaction as a completed sale in the period in which it occurred.
[2] Adjustments are primarily related to the reclassification of assets and liabilities in accordance with the new accounting and disclosure requirements.Effect of Adopting New Revenue Recognition Standard - Statements of Operations Three Months Ended June 30, 2017 Prior to Adoption Post Adoption(In millions)CEC CAC Eliminations Total TotalNet revenues$1,002 $— $— $1,002 $1,008Total operating expenses845 8 — 853 859Income/(loss) from operations157 (8) — 149 149Net loss(1,426) (3) (5) (1,434) (1,432)