Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 16

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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PART I - FINANCIAL INFORMATION

Item 1.  Unaudited Financial Statements

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(UNAUDITED)

(In millions)September 30, 2025December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$836 $866 Restricted cash87 95 Accounts receivable, net426 470 Inventories41 45 Prepayments and other current assets342 271 Total current assets1,732 1,747 Investments in and advances to unconsolidated affiliates114 131 Property and equipment, net 14,496 14,812 Goodwill10,601 10,601 Intangible assets other than goodwill4,036 4,133 Deferred tax asset69 62 Other long-term assets, net852 1,104 Total assets$31,900 $32,590 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$253 $296 Accrued interest193 242 Accrued other liabilities1,665 1,625 Current portion of long-term debt114 109 Total current liabilities2,225 2,272 Long-term financing obligations13,065 12,899 Long-term debt11,681 12,033 Deferred tax liability80 130 Other long-term liabilities874 880 Total liabilities27,925 28,214 Commitments and contingencies (Note 5)STOCKHOLDERS’ EQUITY:Caesars stockholders’ equity3,782 4,157 Noncontrolling interests193 219 Total stockholders’ equity3,975 4,376 Total liabilities and stockholders’ equity$31,900 $32,590 

The accompanying notes are an integral part of these consolidated condensed financial statements.

Table of Contents2

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three Months Ended September 30,Nine Months Ended September 30,(In millions, except per share data)2025202420252024NET REVENUES:Casino$1,642 $1,599 $4,904 $4,691 Food and beverage436 438 1,299