XML 78 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements Of Operations (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended 1 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2008
Successor [Member]
Dec. 31, 2010
Successor [Member]
Dec. 31, 2009
Successor [Member]
Jan. 27, 2008
Predecessor [Member]
Revenues                
Casino $ 1,690.2 $ 1,784.3 $ 5,029.5 $ 5,251.3 $ 7,476.9 $ 6,917.9 $ 7,124.3 $ 614.6
Food and beverage 403.8 395.0 1,165.0 1,157.8 1,530.2 1,510.6 1,479.3 118.4
Rooms 315.0 296.0 917.2 858.5 1,174.5 1,132.3 1,068.9 96.4
Management fees 9.7 9.1 27.7 31.2 59.1 39.1 56.6 5.0
Other 164.8 155.5 473.4 439.9 624.8 576.3 592.4 42.7
Less: casino promotional allowances (329.5) (351.4) (950.7) (1,041.1) (1,498.6) (1,357.6) (1,414.1) (117.0)
Net revenues 2,254.0 2,288.5 6,662.1 6,697.6 9,366.9 8,818.6 8,907.4 760.1
Operating expenses                
Casino 955.5 1,010.9 2,827.9 2,982.9 4,102.8 3,948.9 3,925.5 340.6
Food and beverage 174.5 164.0 500.3 469.7 639.5 621.3 596.0 50.5
Rooms 75.0 67.2 217.1 195.5 236.7 259.4 213.5 19.6
Property general, administrative and other 551.8 540.8 1,593.0 1,580.0 2,143.0 2,061.7 2,018.8 178.2
Depreciation and amortization 181.3 181.4 532.2 548.1 626.9 735.5 683.9 63.5
Project opening costs   1.7 4.2 4.0 28.9 2.1 3.6 0.7
Write-downs, reserves and recoveries 39.6 28.7 82.9 136.3 16.2 147.6 107.9 4.7
Impairment of goodwill and other non-amortizing intangible assets   44.0   144.0 5,489.6 193.0 1,638.0  
Loss/(income) on interests in non-consolidated affiliates 1.1 1.7 4.2 2.1 2.1 1.5 2.2 (0.5)
Corporate expense 36.5 32.4 115.1 103.8 131.8 140.9 150.7 8.5
Acquisition and integration costs 1.3 0.7 3.6 8.3 24.0 13.6 0.3 125.6
Amortization of intangible assets 39.2 39.3 117.7 121.7 162.9 160.8 174.8 5.5
Total operating expenses 2,055.8 2,112.8 5,998.2 6,296.4 13,604.4 8,286.3 9,515.2 796.9
Income/(loss) from operations 198.2 175.7 663.9 401.2 (4,237.5) 532.3 (607.8) (36.8)
Interest expense, net of capitalized interest (450.3) (523.6) (1,448.3) (1,471.9) (2,074.9) (1,981.6) (1,892.5) (89.7)
Gains on early extinguishments of debt   77.4 47.9 48.7 742.1 115.6 4,965.5  
Other income, including interest income 8.2 9.8 16.7 28.2 35.2 41.7 33.0 1.1
(Loss)/income from continuing operations before income taxes (243.9) (260.7) (719.8) (993.8) (5,535.1) (1,292.0) 2,498.2 (125.4)
Benefit/(provision) for income tax 70.5 97.5 248.5 364.5 360.4 468.7 (1,651.8) 26.0
(Loss)/income from continuing operations, net of tax         (5,174.7) (823.3) 846.4 (99.4)
Discontinued operations                
Income from discontinued operations         141.5     0.1
Provision for income taxes         (51.1)      
Income from discontinued operations, net         90.4     0.1
Net (loss)/income (173.4) (163.2) (471.3) (629.3) (5,084.3) (823.3) 846.4 (99.3)
Less: net loss/(income) attributable to non-controlling interests 9.4 (1.6) 4.3 (5.1) (12.0) (7.8) (18.8) (1.6)
Net (loss)/income attributable to Caesars Entertainment Corporation (164.0) (164.8) (467.0) (634.4) (5,096.3) (831.1) 827.6 (100.9)
Preferred stock dividends         (297.8)   (354.8)  
Net (loss)/income attributable to common stockholders         $ (5,394.1) $ (831.1) $ 472.8 $ (100.9)
Earnings per share-basic                
(Loss)/income from continuing operations         $ (134.59) $ (14.58) $ 11.62 $ (0.54)
Discontinued operations, net         $ 2.22      
Net(loss)/income         $ (132.37) $ (14.58) $ 11.62 $ (0.54)
Earnings per share-diluted                
(Loss)/income from continuing operations         $ (134.59) $ (14.58) $ 6.88 $ (0.54)
Discontinued operations, net         $ 2.22      
Net (loss)/income         $ (132.37) $ (14.58) $ 6.88 $ (0.54)
Loss per share-basic and diluted $ (2.28) $ (2.72) $ (6.50) $ (11.70)        
Basic weighted-average common shares outstanding         40,749,898 57,016,007 40,684,515 188,122,643
Diluted weighted-average common shares outstanding         40,749,898 57,016,007 120,225,295 188,122,643
Basic and diluted weighted-average common shares outstanding 71,800,000 60,600,000 71,800,000 54,200,000