Company: CZR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001590895-25-000110
Chunk: 99

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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BITDA to measure performance and allocate resources, and believes that Adjusted EBITDA provides investors with additional information consistent with that used by management.

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CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)

Three Months Ended March 31,(In millions)20252024Net loss attributable to Caesars$(115)$(158)Net income attributable to noncontrolling interests17 16 Provision for income taxes11 15 Other (income) loss (a)1 (26)Loss on extinguishment of debt— 48 Interest expense, net574 590 Depreciation and amortization357 327 Transaction costs and other, net (b)13 16 Stock-based compensation expense26 25 Adjusted EBITDA$884 $853 Adjusted EBITDA by Segment:Las Vegas$433 $440 Regional440 433 Caesars Digital43 5 Managed and Branded16 18 Corporate and Other(48)(43)____________________(a)Other (income) loss for the three months ended March 31, 2024 primarily represents a change in estimate of our disputed claims liability. (b)Transaction costs and other, net primarily includes costs related to non-cash losses on the write down and disposal of assets, professional services for transaction and integration costs, various contract exit or termination costs, pre-opening costs in connection with new property openings and non-cash changes in equity method investments. Capital Expenditures, Net - By SegmentThree Months Ended March 31,(In millions)20252024Las Vegas$37 $55 Regional159 176 Caesars Digital22 24 Corporate and Other5 9 Total$223 $264 Total Assets - By Segment(In millions)March 31, 2025December 31, 2024Las Vegas$25,189 $25,040 Regional14,480 15,664 Caesars Digital1,223 1,262 Managed and Branded 298 282 Corporate and Other (a)(8,792)(9,658)Total$32,398 $32,590 ____________________(a)Includes eliminations of transactions among segments, to reconcile to the Company’s consolidated results.

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Item 2.  Management’s Discussion and Analysis of Financial Condition