Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 14

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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PART I - FINANCIAL INFORMATION

Item 1.  Unaudited Financial Statements

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(UNAUDITED)

(In millions)June 30, 2025December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$982 $866 Restricted cash85 95 Accounts receivable, net487 470 Inventories44 45 Prepayments and other current assets330 271 Total current assets1,928 1,747 Investments in and advances to unconsolidated affiliates111 131 Property and equipment, net 14,646 14,812 Goodwill10,601 10,601 Intangible assets other than goodwill4,068 4,133 Deferred tax asset68 62 Other long-term assets, net1,056 1,104 Total assets$32,478 $32,590 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$263 $296 Accrued interest243 242 Accrued other liabilities1,723 1,625 Current portion of long-term debt110 109 Total current liabilities2,339 2,272 Long-term financing obligations13,027 12,899 Long-term debt12,023 12,033 Deferred tax liability90 130 Other long-term liabilities880 880 Total liabilities28,359 28,214 Commitments and contingencies (Note 5)STOCKHOLDERS’ EQUITY:Caesars stockholders’ equity3,896 4,157 Noncontrolling interests223 219 Total stockholders’ equity4,119 4,376 Total liabilities and stockholders’ equity$32,478 $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 June 30,Six Months Ended June 30,(In millions, except per share data)2025202420252024NET REVENUES:Casino$1,668 $1,557 $3,262 $3,092 Food and beverage428 435 863