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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents ($17 and $58 attributable to our VIEs) $ 1,563 $ 2,558
Restricted cash 123 116
Receivables, net 472 494
Due from affiliates, net 4 11
Prepayments and other current assets ($3 and $2 attributable to our VIEs) 178 239
Inventories 40 39
Total current assets 2,380 3,457
Property and equipment, net ($84 and $57 attributable to our VIEs) 16,029 16,154 [1]
Goodwill 4,083 3,815
Intangible assets other than goodwill 3,008 1,609
Restricted cash 40 35
Deferred income taxes 2 2
Deferred charges and other assets ($46 and $0 attributable to our VIEs) 424 364
Total assets 25,966 25,436
Current liabilities    
Accounts payable ($3 and $3 attributable to our VIEs) 325 318
Accrued expenses and other current liabilities ($1 and $0 attributable to our VIEs) 1,260 1,326 [2]
Interest payable 135 38
Contract liabilities 154 129 [2]
Current portion of financing obligations 15 9
Current portion of long-term debt 164 64
Total current liabilities 2,053 1,884
Financing obligations 9,957 9,355 [1]
Long-term debt 8,811 8,849
Deferred income taxes 716 577
Deferred credits and other liabilities 1,262 1,474
Total liabilities 22,799 22,139
Commitments and contingencies (Note 8)
Stockholders’ equity    
Caesars stockholders’ equity 3,079 3,226
Noncontrolling interests 88 71
Total stockholders’ equity 3,167 3,297
Total liabilities and stockholders’ equity $ 25,966 $ 25,436
[1] The conditions that were considered prohibited forms of continuing involvement related to our sale of the Golf Course Properties (see Note 8) 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 September 30, 2017
 
Prior to Adoption
 
Post Adoption
(In millions)
CEC
 
CAC
 
Eliminations
 
Total
 
Total
Net revenues
$
986

 
$

 
$

 
$
986

 
$
993

Total operating expenses
900

 
5

 

 
905

 
909

Income/(loss) from operations
86

 
(5
)
 

 
81

 
84

Net income/(loss)
(460
)
 
5

 
14

 
(441
)
 
(439
)