XML 33 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income/(loss) $ (2,747) $ 6,052 $ (2,866)
Adjustments to reconcile net income/(loss) to cash flows from operating activities:      
Loss/(income) from discontinued operations (3,380) (155) 143
Gain on deconsolidation of CEOC 0 (7,125) 0
Loss on extinguishment of debt 0 0 96
Depreciation and amortization 439 374 651
Amortization of deferred finance costs and debt discount/premium 24 38 438
Provision for doubtful accounts 11 11 50
Impairment of intangible and tangible assets 0 1 994
Share-based compensation expense 228 94 94
Deferred income taxes 2 (113) (440)
Other non-cash adjustments to net income/(loss) 14 1 50
Net changes in:      
Accounts receivable (22) (51) 12
Due to/due from affiliates, net 19 (28) 3
Inventories, prepayments and other current assets (11) 1 (21)
Deferred charges and other 0 (17) 1
Accounts payable 39 (47) (47)
Interest payable (64) (41) 342
Accrued expenses 50 45 (155)
Restructuring accruals 5,696 905 0
Deferred credits and other 10 (5) (201)
Other 0 3 35
Cash flows provided by/(used in) operating activities 308 (57) (821)
Cash flows from investing activities      
Acquisitions of property and equipment, net of change in related payables (220) (341) (991)
Deconsolidation of CEOC cash 0 (985) 0
Return of investment from discontinued operations 132 142 87
Contributions to discontinued operations (56) (15) (89)
Proceeds from the sale and maturity of investments 46 29 24
Payments to acquire investments (23) (27) 0
Other 0 (3) 69
Cash flows used in investing activities (121) (1,200) (900)
Cash flows from financing activities      
Proceeds from long-term debt and revolving credit facilities 120 310 4,436
Debt issuance and extension costs and fees 0 0 (196)
Repayments of long-term debt and revolving credit facilities (268) (450) (2,833)
Payment of contingent consideration 0 (1) 0
Repurchase of CIE shares and distribution of sale proceeds (1,126) (65) 0
Proceeds from sale of interest in subsidiary 0 0 8
Issuance of common stock, net of fees 0 0 136
Distributions to noncontrolling interest owners (270) (36) 0
Other 11 25 (30)
Cash flows provided by/(used in) financing activities (1,533) (217) 1,521
Cash flows from discontinued operations      
Cash flows from operating activities 168 159 26
Cash flows from investing activities 4,379 (12) (26)
Cash flows from financing activities (76) (158) (5)
Net cash from discontinued operations 4,471 (11) (5)
Change in cash, cash equivalents, and restricted cash classified as assets held for sale 112 (8) (52)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 3,237 (1,493) (257)
Cash, cash equivalents, and restricted cash, beginning of period 1,394 2,887 3,144
Cash, cash equivalents, and restricted cash, end of period 4,631 1,394 2,887
Supplemental Cash Flow Information      
Cash paid for interest 634 696 2,070
Cash paid for income taxes 65 80 50
Change in accrued capital expenditures 14 (35) 46
Change in assets acquired through financing activities and capital leases $ 0 $ 0 $ 30