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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenues $ 2,222 $ 2,119 $ 4,337 $ 4,091
Operating expenses        
Property, general, administrative, and other 467 456 927 883
Reimbursable management costs 54 48 106 100
Depreciation and amortization 241 268 488 548
Impairment of intangible assets 50 0 50 0
Corporate expense 81 76 164 158
Other operating costs [1] 24 33 53 99
Total operating expenses 1,953 1,837 3,828 3,684
Income from operations 269 282 509 407
Interest expense (343) (334) (692) (664)
Other income/(loss) [2],[3] (301) 45 (439) 229
Loss before income taxes (375) (7) (622) (28)
Income tax benefit [4],[5] 60 36 89 23
Net income/(loss) (315) 29 (533) (5)
Net loss attributable to noncontrolling interests 0 0 1 0
Net income/(loss) attributable to Caesars $ (315) $ 29 $ (532) $ (5)
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (0.47) $ 0.04 $ (0.79) $ (0.01)
Earnings/(loss) per share - basic and diluted        
Weighted-average common shares outstanding - basic 673 698 672 697
Weighted-average common shares outstanding - diluted 673 702 672 697
Comprehensive income/(loss)        
Foreign currency translation adjustments $ (5) $ (22) $ (5) $ (19)
Change in fair market value of interest rate swaps, net of tax (35) 9 (52) 13
Other 0 0 2 1
Other comprehensive loss, net of income taxes (40) (13) (55) (5)
Comprehensive income/(loss) (355) 16 (588) (10)
Foreign currency translation adjustments 0 5 2 3
Comprehensive loss attributable to noncontrolling interests 0 (5) (3) (3)
Comprehensive income/(loss) attributable to Caesars (355) 21 (585) (7)
Casino [Member]        
Net revenues 1,126 1,062 2,209 2,045
Direct Operating Costs 633 565 1,251 1,127
Food and Beverage [Member]        
Net revenues 407 [6] 391 805 [6] 774
Direct Operating Costs 281 271 550 535
Occupancy [Member]        
Net revenues 407 [6] 388 793 [6] 755
Direct Operating Costs 122 120 239 234
Product and Service, Other [Member]        
Net revenues 213 215 394 387
License and Service [Member]        
Net revenues 15 15 30 30
Service, Other [Member]        
Net revenues $ 54 $ 48 $ 106 $ 100
[1]
(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.
[2]
(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.
[3]
(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.
[4]
(1) 
Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[5]
(4) 
Taxes are recorded at the consolidated level and not estimated or recorded to our Las Vegas and Other U.S. segments.
[6]
(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.