Company: CZR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001590895-25-000110
Chunk: 18

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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PART I - FINANCIAL INFORMATION

Item 1.  Unaudited Financial Statements

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(UNAUDITED)

(In millions)March 31, 2025December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$884 $866 Restricted cash102 95 Accounts receivable, net440 470 Inventories43 45 Prepayments and other current assets317 271 Total current assets1,786 1,747 Investments in and advances to unconsolidated affiliates109 131 Property and equipment, net 14,666 14,812 Goodwill10,601 10,601 Intangible assets other than goodwill4,100 4,133 Deferred tax asset65 62 Other long-term assets, net1,071 1,104 Total assets$32,398 $32,590 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$246 $296 Accrued interest234 242 Accrued other liabilities1,548 1,625 Current portion of long-term debt110 109 Total current liabilities2,138 2,272 Long-term financing obligations12,934 12,899 Long-term debt12,046 12,033 Deferred tax liability126 130 Other long-term liabilities875 880 Total liabilities28,119 28,214 Commitments and contingencies (Note 5)STOCKHOLDERS’ EQUITY:Caesars stockholders’ equity4,053 4,157 Noncontrolling interests226 219 Total stockholders’ equity4,279 4,376 Total liabilities and stockholders’ equity$32,398 $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 March 31,(In millions, except per share data)20252024NET REVENUES:Casino$1,594 $1,535 Food and beverage435 422 Hotel482 493 Other283 292 Net revenues2,794 2,742 OPERATING