Caesars Entertainment Corporation (CZR) financial statements (2021 and earlier)

Company profile

Business Address ONE CAESARS PALACE DRIVE
LAS VEGAS, NV 89109
State of Incorp. DE
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,4912,5581,5131,3382,806
Cash and cash equivalents 1,4912,5581,5131,3382,806
Restricted cash and investments 1151163,1135976
Receivables 457496160193518
Inventory, net of allowances, customer advances and progress billings 4139202143
Inventory 4139202143
Other current assets 155239118128 
Other undisclosed current assets 6116432230
Total current assets: 2,2653,4594,9881,7713,673
Noncurrent Assets
Property, plant and equipment 16,04516,2287,4467,59813,456
Intangible assets, net (including goodwill) 7,0215,4242,0412,2395,516
Goodwill 4,0443,8151,6081,6962,366
Intangible assets, net (excluding goodwill) 2,9771,6094335433,150
Restricted cash and investments 51355109109
Deferred costs     767
Other noncurrent assets  364414450 
Deferred tax assets, net102 2814
Other undisclosed noncurrent assets 383    
Total noncurrent assets: 23,51022,0539,90610,42419,862
TOTAL ASSETS: 25,77525,51214,89412,19523,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,6721,8159468982,650
Accounts payable 399318215179349
Accrued liabilities 1,2171,4596645881,199
Employee-related liabilities     220
Taxes payable     146
Interest and dividends payable 563867131736
Debt 164648918715,779
Due to related parties   11216 
Self insurance reserve     204
Deferred revenue and credits   47
Deferred tax liabilities    217
Customer advances and deposits   150
Contract with customer, liability144
Other liabilities     432
Other undisclosed current liabilities 2096,601905(1,199)
Total current liabilities: 2,0001,8887,7482,00618,280
Noncurrent Liabilities
Long-term debt and lease obligation 8,8018,8496,7496,7777,434
Long-term debt, excluding current maturities 8,8018,8496,7496,7777,434
Liabilities, other than long-term debt, including: 7881,47393188484
Contract with customer, liability5
Deferred compensation liability, classified 536340 80
Deferred tax liabilities, net7305771,7229912,079
Due to related parties     35
Other undisclosed liabilities, other than long-term debt  833(1,669)(803)(1,710)
Other undisclosed noncurrent liabilities 10,84810,0061,7229912,079
Total noncurrent liabilities: 20,43720,3288,5647,9569,997
Total liabilities: 22,43722,21616,3129,96228,277
Stockholders' equity
Stockholders' equity attributable to parent 3,2503,225(3,177)987(4,997)
Common stock 77111
Treasury stock, value (485)(152)(29)(21)(19)
Additional paid in capital 14,12414,0487,6058,1908,140
Accumulated other comprehensive income (loss) (24)6(1)1(15)
Accumulated deficit (10,372)(10,684)(10,753)(7,184)(13,104)
Stockholders' equity attributable to noncontrolling interest 88711,7591,246255
Total stockholders' equity: 3,3383,296(1,418)2,233(4,742)
TOTAL LIABILITIES AND EQUITY: 25,77525,51214,89412,19523,535

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 8,3914,8523,8774,6548,516
Revenue, net4,8523,8774,6548,516
Cost of revenue (202)(276)(1,128)(227)(4,737)
Cost of goods and services sold  (276)(1,128)(227)(4,737)
Other cost of operating revenue (202)    
Gross profit: 8,1894,5762,7494,4273,779
Operating expenses (7,652)(4,320)(3,620)(4,081)(8,968)
Other undisclosed operating income 2022761,1282274,737
Operating income (loss): 739532257573(452)
Nonoperating income (expense) 791125(5,758)6,115(112)
Investment income, nonoperating  30  (17)
Other nonoperating income (expense) 79195(5,758)6,115(95)
Interest and debt expense (1,347)(1,006)(599)(684)(2,766)
Income (loss) from continuing operations before equity method investments, income taxes: 183(349)(6,100)6,004(3,330)
Other undisclosed income (loss) from continuing operations before income taxes  (2,028)  113
Income (loss) from continuing operations before income taxes: 183(2,377)(6,100)6,004(3,217)
Income tax expense (benefit) 1211,995(27)55543
Income (loss) from continuing operations: 304(382)(6,127)6,059(2,674)
Income (loss) from discontinued operations   3,380(7)(192)
Net income (loss): 304(382)(2,747)6,052(2,866)
Net income (loss) attributable to noncontrolling interest  7(822)(132)83
Other undisclosed net loss attributable to parent (1)    
Net income (loss) available to common stockholders, basic: 303(375)(3,569)5,920(2,783)
Dilutive securities, effect on basic earnings per share 42    
Net income (loss) available to common stockholders, diluted: 345(375)(3,569)5,920(2,783)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 304(382)(2,747)6,052(2,866)
Other comprehensive income (loss) (34)6(2) (2)
Comprehensive income (loss): 270(376)(2,749)6,052(2,868)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 37(822)(132)83
Comprehensive income (loss), net of tax, attributable to parent: 273(369)(3,571)5,920(2,785)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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