Quarterly Results Of Operations

12 Months Ended

Dec. 31, 2011

Quarterly Results Of Operations [Abstract]

Quarterly Results Of Operations

Note 24—Quarterly Results of Operations (Unaudited)

(In millions)	First Quarter			Second Quarter(1)			Third Quarter(2)			Fourth Quarter(3)
2011
Net revenues	$	2,179.0		$	2,229.1		$	2,254.0		$	2,172.4
Income from operations(a)		213.5			252.1			198.2			211.6
Net loss		(144.8	)		(153.1	)		(173.4	)		(195.4	)
Net loss attributable to Caesars Entertainment Corporation		(147.5	)		(155.5	)		(164.0	)		(220.6	)
Diluted loss per share		(1.18	)		(1.25	)		(1.31	)		(1.76	)
2010
Net revenues		2,188.4			2,220.7			2,288.5			2,121.0
Income/(loss) from operations(a)		225.8			(0.3	)		175.7			131.1
Net loss		(193.6	)		(272.5	)		(163.2	)		(194.0	)
Net loss attributable to Caesars Entertainment Corporation		(195.6	)		(274.0	)		(164.8	)		(196.7	)
Diluted loss per share		(2.72	)		(2.60	)		(1.56	)		(1.71	)

⁽¹⁾  During the second quarter of 2010, the Company recorded an impairment loss of $100.0 million.

⁽²⁾  During the third quarter of 2010, the Company recorded an impairment loss of $44.0 million.

⁽³⁾  During the fourth quarters of 2011 and 2010, the Company recorded impairment losses of $11.0 million and $49.0 million, respectively.

Because loss per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year.