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Earnings/ Loss Per Share
 9 Months Ended 12 Months Ended
Sep. 30, 2011
Dec. 31, 2011
Earnings/ Loss Per Share [Abstract]    
Earnings/ Loss Per Share

Note 13—Loss Per Share

The weighted-average number of common and common equivalent shares used in the calculation of basic and diluted loss per share consisted of the following:

 

     Quarter Ended September 30,      Nine Months Ended September 30,  

(In millions)

      2011          2010          2011          2010    

Weighted-average common shares outstanding used in the calculation of basic loss per share

      71.8         60.6         71.8         54.2   

Potential dilution from stock options and warrants

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average common and common equivalent shares used in the calculation of diluted loss per share

      71.8         60.6         71.8         54.2   
  

 

 

     

 

 

     

 

 

     

 

 

  

Antidilutive stock options, warrants, and convertible preferred shares excluded from the calculation of diluted loss per share

      3.9         4.4         3.4         22.9   
  

 

 

     

 

 

     

 

 

     

 

 

  

Note 25—Earnings Per Share

The following table reconciles net (loss)/income attributable to Caesars Entertainment Corporation to (loss)/income available to common stockholders used in our calculation of basic earnings per share and to net (loss)/income available to common stockholders used in our calculation of diluted earnings per share. It also reconciles the weighted-average number of common and common equivalent share used in the calculations of basic and diluted earnings per share.

 

     Successor      Predecessor  

(In millions, except share and per share amounts)

    Year ended
Dec. 31, 2010		     Year ended
Dec. 31, 2009		     Jan. 28, 2008
through
Dec. 31, 2008		      Jan. 1, 2008
through
Jan. 27, 2008		  

Net (loss)/income attributable to Caesar's Entertainment Corporation

    $ (831.1 )    $ 827.6      $ (5,096.3 )     $ (100.9 ) 

Preferred stock dividends

      —          (354.8 )      (297.8 )       —     
  

 

 

    

 

 

    

 

 

     

 

 

  

Net (loss)/income available to common stockholders used to calculate basic earnings per share

      (831.1 )      472.8        (5,394.1 )       (100.9 ) 

Effect of dilutive securities on (loss)/income available to common stockholders

      —          354.8        —           —     
  

 

 

    

 

 

    

 

 

     

 

 

  

Net (loss)/income available to common stockholders used to calculate diluted earnings per share

    $ (831.1 )    $ 827.6      $ (5,394.1 )     $ (100.9 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Weighted-average common shares outstanding used in the calculation of basic earnings per share

      57,016,007        40,684,515        40,749,898         188,122,643   

Potential dilution from stock options and warrants

      —          33,063        —           —     

Potential dilution from convertible preferred shares

      —          79,507,717        —           —     
  

 

 

    

 

 

    

 

 

     

 

 

  

Weighted-average common and common equivalent shares used in the calculation of diluted earnings per share

      57,016,007        120,225,295        40,749,898         188,122,643   
  

 

 

    

 

 

    

 

 

     

 

 

  

Antidilutive stock options, warrants, restricted stock, SARs, convertible debt and convertible preferred shares excluded from the calculation of diluted earnings per share

      18,184,555        3,008,504        33,605,549         4,469,335   
  

 

 

    

 

 

    

 

 

     

 

 

  

Earnings per share on net (loss)/income—basic

    $ (14.58 )    $ 11.62      $ (132.37 )     $ (0.54 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Earnings per share on net (loss)/income—diluted

    $ (14.58 )    $ 6.88      $ (132.37 )     $ (0.54 )