Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 1038

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 1038
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 rates.

•We evaluated management’s ability to accurately forecast by comparing management’s historical projections to actual performance.

•We evaluated the reasonableness of the assumptions and estimates included in management’s forecasts by: 

◦Comparing forecasts to information included in the Company’s communications to the Board of Directors, projected information in industry reports, and analyst reports for the Company and peer companies.

◦Conducting inquiries with property management.

◦Considering the impact of changes in the competitive, regulatory, and economic environment on management’s projections.

◦Assessing the reasonableness of strategic plans incorporated by management into the projections.

◦Evaluating management’s estimate and the impact of any related expansion of gaming activities by analyzing historical information.

•With the assistance of our valuation specialists, we evaluated the discount rates selected by management by:

◦Assessing the impact of the uncertainty in the forecasts on the discount rates, including testing the underlying market-based source information used in the selection of the discount rates and the mathematical accuracy of the discount rate calculations.

◦Developing a range of independent estimates and comparing those to discount rates selected by management.

/s/ DELOITTE & TOUCHE LLP

Las Vegas, Nevada

February 25, 2025

We have served as the Company’s auditor since 2020.

Table of Contents59

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED BALANCE SHEETS

December 31,(Dollars in millions, except par value)20242023ASSETSCURRENT ASSETS:Cash and cash equivalents $866 $1,005 Restricted cash95 122 Accounts receivable, net470 608 Inventories45 46 Prepayments and other current assets 271 264 Total current assets1,747 2,045 Investments in and advances to unconsolidated affiliates131 157 Property and equipment, net 14,812 14,756 Goodwill10,601 10,990 Intangible assets other than goodwill4,133 4,523 Deferred tax asset62 47 Other long-term assets, net 1,104 848 Total assets$32,590 $33,366 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable $296 $408 Accrued interest242 369 Accrued other liabilities 1,625 1,848 Current portion of long-term debt109