| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|