Company: CZR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001590895-25-000110
Chunk: 19

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 EXPENSES:Casino861 852 Food and beverage275 263 Hotel151 137 Other95 94 General and administrative483 500 Corporate82 78 Depreciation and amortization357 327 Transaction and other costs, net2 6 Total operating expenses2,306 2,257 Operating income488 485 OTHER EXPENSE:Interest expense, net(574)(590)Loss on extinguishment of debt— (48)Other income (loss)(1)26 Total other expense(575)(612)Loss before income taxes(87)(127)Provision for income taxes(11)(15)Net loss(98)(142)Net income attributable to noncontrolling interests(17)(16)Net loss attributable to Caesars$(115)$(158)Net loss per share - basic and diluted:Basic loss per share$(0.54)$(0.73)Diluted loss per share$(0.54)$(0.73)Weighted average basic shares outstanding212 216 Weighted average diluted shares outstanding212 216 

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

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CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

Three Months Ended March 31,(In millions)20252024Net loss$(98)$(142)Other— (1)Other comprehensive loss, net of tax— (1)Comprehensive loss(98)(143)Comprehensive income attributable to noncontrolling interests(17)(16)Comprehensive loss attributable to Caesars$(115)$(159)

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

Table of Contents4

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY

(UNAUDITED)

Caesars Stockholders’ EquityPreferred StockCommon StockTreasury Stock(In millions)SharesAmountSharesAmountPaid-in CapitalAccumulated DeficitAccumulated Other Comprehensive Income (Loss)AmountNoncontrolling InterestsTotal Stockholders’ EquityBalance, December 31, 2024— $— 211 $— $6,862 $(2,801)$96 $— $219 $4,376 Stock-based compensation— — 1