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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Net revenues $ 2,887 $ 2,685 $ 8,000 $ 6,979
EXPENSES:        
Other 105 114 298 262
General and administrative 529 486 1,545 1,284
Corporate 63 86 208 228
Depreciation and amortization 304 276 910 842
Transaction and other operating costs, net 7 21 (14) 113
Total operating expenses 2,228 2,153 6,749 5,641
Operating income 659 532 1,251 1,338
OTHER EXPENSE:        
Interest expense, net (569) (579) (1,680) (1,734)
Loss on extinguishment of debt (33) (117) (33) (140)
Other income (loss) 4 (153) 53 (176)
Total other expense (598) (849) (1,660) (2,050)
Income (loss) from continuing operations before income taxes 61 (317) (409) (712)
Benefit (provision) for income taxes (8) 90 47 167
Net income (loss) from continuing operations, net of income taxes 53 (227) (362) (545)
Discontinued operations, net of income taxes 0 (4) (386) (38)
Net income (loss) 53 (231) (748) (583)
Net income attributable to noncontrolling interests (1) (2) (3) (2)
Net income (loss) attributable to Caesars $ 52 $ (233) $ (751) $ (585)
Net income (loss) per share - basic        
Basic income (loss) per share from continuing operations (in dollars per share) $ 0.24 $ (1.08) $ (1.70) $ (2.60)
Basic loss per share from discontinued operations (in dollars per share) 0 (0.02) (1.80) (0.18)
Basic income (loss) per share (in dollars per share) 0.24 (1.10) (3.50) (2.78)
Net income (loss) per share -Diluted        
Diluted income (loss) per share from continuing operations (in dollars per share) 0.24 (1.08) (1.70) (2.60)
Diluted loss per share from discontinued operations (in dollar per shares) 0 (0.02) (1.80) (0.18)
Diluted income (loss) per share (in dollars per share) $ 0.24 $ (1.10) $ (3.50) $ (2.78)
Weighted average number of shares outstanding:        
Weighted average basic shares outstanding (in shares) 214 214 214 211
Weighted average diluted shares outstanding (in shares) 215 214 214 211
Casino and pari-mutuel commissions        
REVENUES:        
Net revenues $ 1,605 $ 1,510 $ 4,446 $ 4,308
EXPENSES:        
Cost of goods and services 838 830 2,727 2,111
Food and beverage        
REVENUES:        
Net revenues 411 347 1,172 797
EXPENSES:        
Cost of goods and services 240 210 684 484
Hotel        
REVENUES:        
Net revenues 544 511 1,446 1,122
EXPENSES:        
Cost of goods and services 142 130 391 317
Other        
REVENUES:        
Net revenues $ 327 $ 317 $ 936 $ 752