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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net revenues $ 2,115 $ 1,972 [1]
Operating expenses    
Property, general, administrative, and other 460 427
Reimbursable management costs 52 52
Depreciation and amortization 247 280
Corporate expense 83 82
Other operating costs [2] 29 66
Total operating expenses 1,875 1,847
Income from operations 240 125
Interest expense (349) (330)
Other income/(loss) [3],[4] (138) 184
Loss before income taxes (247) (21)
Income tax benefit/(provision) [5],[6] 29 (13)
Net loss (218) (34)
Net loss attributable to noncontrolling interests 1 0
Net loss attributable to Caesars $ (217) $ (34)
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (0.32) $ (0.05)
Loss per share - basic and diluted    
Weighted-average common shares outstanding 670 697
Comprehensive loss    
Foreign currency translation adjustments $ 0 $ 3
Change in fair market value of interest rate swaps, net of tax (17) 4
Other 2 1
Other comprehensive income/(loss), net of income taxes (15) 8
Comprehensive loss (233) (26)
Foreign currency translation adjustments 2 (2)
Comprehensive (income)/loss attributable to noncontrolling interests (3) 2
Comprehensive loss attributable to Caesars (230) (28)
Casino [Member]    
Net revenues 1,083 983
Direct Operating Costs 618 562
Food and Beverage [Member]    
Net revenues 398 [7] 383
Direct Operating Costs 269 264
Occupancy [Member]    
Net revenues 386 [7] 367
Direct Operating Costs 117 114
Product and Service, Other [Member]    
Net revenues 181 172
License and Service [Member]    
Net revenues 15 15
Service, Other [Member]    
Net revenues $ 52 $ 52
[1] (5) Certain prior year amounts have been reclassified to conform to the current year presentation
[2] (3) Amounts primarily represent costs incurred in connection with development activities and reorganization activities, and/or recoveries associated with such items, including acquisition and integration costs, contract exit fees including exiting the fully bundled sales system of NV Energy for electric service at our Nevada properties, lease termination costs, weather related property closure costs, severance costs, gains and losses on asset sales, demolition costs primarily at our Las Vegas properties for renovations, and project opening costs.
[3] (2) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[4] (3) Amounts include changes in fair value of the derivative liability related to the conversion option of the CEC Convertible Notes and the disputed claims liability as well as interest and dividend income.
[5] (1) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[6] (4) Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments
[7] (1) As a result of the adoption of ASC 842, as of January 1, 2019, revenue generated from the lease components of lodging arrangements and conventions are no longer considered contract revenue under ASC 606, Revenue from Contracts with Customers. A portion of these balances relate to lease revenues under ASC 842. See Note 7 for further details.