Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 47

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 47
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31, 2024, 2023 and 2022 are presented below.Components of Income (Loss) Before Income TaxesYears Ended December 31,(In millions)202420232022United States$(150)$(90)$(590)Outside of the U.S.26 30 25 $(124)$(60)$(565)Income Tax Provision (Benefit) from Continuing OperationsYears Ended December 31,(In millions)202420232022United StatesCurrentFederal$38 $— $— State & Local27 23 7 DeferredFederal36 (754)(57)State & Local(23)(166)2 Outside of the U.S.Current10 9 7 Deferred(1)— — $87 $(888)$(41)The following is an allocation of the total income tax provision (benefit) for the years ended December 31, 2024, 2023 and 2022:Years Ended December 31,(In millions)202420232022Income tax provision (benefit) applicable to:Income from continuing operations$87 $(888)$(41)Discontinued operations— — (50)Additional paid-in capital— (12)— Other comprehensive income— 1 (30)The following is a reconciliation of the statutory federal income tax of 21% to the Company’s reported income tax provision (benefit) for the years ended December 31, 2024, 2023 and 2022:Years Ended December 31,(In millions)202420232022Federal statutory income tax provision (benefit)$(26)$(13)$(118)State and local income tax provision (benefit)(16)(13)1 Nondeductible compensation and benefits17 16 13 Goodwill impairment and write offs53 3 3 Increase (decrease) in uncertain tax positions1 — (1)Change in tax rates from change in tax law before valuation allowance38 25 86 Foreign taxes1 3 6 Deferred tax adjustment related to William Hill acquisition— — 30 Minority interests(14)(9)3 Valuation allowance36 (889)(55)Tax credits(10)(14)(10)Other7 3 1 Reported income tax provision (benefit)$87 $(888)$(41)

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CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED