XML 66 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Casino $ 1,580.0 $ 1,629.5 $ 4,758.4 $ 4,846.5
Food and beverage 389.7 397.4 1,158.3 1,145.6
Rooms 312.1 311.0 932.3 905.9
Management fees 12.5 9.7 34.4 27.7
Other 226.6 163.5 626.7 469.8
Less: casino promotional allowances (322.5) (321.4) (937.6) (928.0)
Net revenues 2,198.4 2,189.7 6,572.5 6,467.5
Direct        
Casino 903.0 923.2 2,727.3 2,731.1
Food and beverage 170.3 173.1 503.2 495.7
Rooms 74.3 74.8 230.1 216.5
Property, general, administrative, and other 543.2 544.3 1,577.9 1,571.9
Depreciation and amortization 182.0 176.8 546.6 518.6
Write-downs, reserves, and project opening costs, net of recoveries 32.6 12.5 63.4 60.0
Intangible and tangible asset impairment charges 419.0 27.1 720.5 27.1
(Income)/loss on interests in non-consolidated affiliates (1.5) 1.1 8.8 4.2
Corporate expense 51.8 36.5 145.2 115.1
Acquisition and integration costs 1.1 1.3 2.2 3.6
Amortization of intangible assets 43.2 39.2 129.6 117.7
Total operating expenses 2,419.0 2,009.9 6,654.8 5,861.5
(Loss)/income from operations (220.6) 179.8 (82.3) 606.0
Interest expense, net of interest capitalized (515.7) (450.3) (1,574.3) (1,448.3)
Gains on early extinguishments of debt     79.5 47.9
Other income, including interest income 4.6 8.2 19.4 16.7
Loss from continuing operations before income taxes (731.7) (262.3) (1,557.7) (777.7)
Benefit for income taxes 225.5 77.7 502.9 271.2
Loss from continuing operations, net of income taxes (506.2) (184.6) (1,054.8) (506.5)
Discontinued operations        
Income from discontinued operations 4.6 18.4 46.5 57.9
Provision for income taxes (1.8) (7.2) (18.0) (22.7)
Income from discontinued operations, net of income taxes 2.8 11.2 28.5 35.2
Net loss (503.4) (173.4) (1,026.3) (471.3)
Less: net (income)/loss attributable to non-controlling interests (2.1) 9.4 (1.5) 4.3
Net loss attributable to Caesars (505.5) (164.0) (1,027.8) (467.0)
Other comprehensive loss:        
Total other comprehensive (loss)/income, net of income taxes (1.5) (30.6) 10.7 (27.0)
Less: foreign currency translation adjustments attributable to non-controlling interests 0.2 (0.2) (1.3) (3.6)
Comprehensive loss attributable to Caesars $ (506.8) $ (194.8) $ (1,018.4) $ (497.6)
(Loss) per share - basic and diluted        
Loss per share from continuing operations $ (4.05) $ (1.40) $ (8.44) $ (4.01)
Earnings per share from discontinued operations $ 0.02 $ 0.09 $ 0.23 $ 0.28
Net loss per share $ (4.03) $ (1.31) $ (8.21) $ (3.73)
Weighted-average common shares outstanding - basic and diluted 125.3 125.0 125.3 125.1