Caesars Entertainment Corporation (CZR) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,313 | 1,491 | 2,558 | 1,513 | 1,338 | 2,806 | 2,771 | ||
| Cash and cash equivalents | 1,313 | 1,491 | 2,558 | 1,513 | 1,338 | 2,806 | 2,771 | ||
| Restricted cash and investments | 137 | 115 | 116 | 3,113 | 59 | 76 | |||
| Receivables | 446 | 457 | 496 | 160 | 193 | 518 | 620 | ||
| Inventory, net of allowances, customer advances and progress billings | 38 | 41 | 39 | 20 | 21 | 43 | 46 | ||
| Inventory | 38 | 41 | 39 | 20 | 21 | 43 | 46 | ||
| Assets held-for-sale, not part of disposal group | 556 | ✕ | ✕ | ||||||
| Other current assets | 200 | 155 | 239 | 118 | 128 | ||||
| Other undisclosed current assets | 22 | 6 | 11 | 64 | 32 | 230 | 334 | ||
| Total current assets: | 2,712 | 2,265 | 3,459 | 4,988 | 1,771 | 3,673 | 3,770 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 453 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 14,988 | 16,045 | 16,228 | 7,446 | 7,598 | 13,456 | 13,238 | ||
| Long-term investments and receivables | 177 | ||||||||
| Long-term investments | 177 | ||||||||
| Intangible assets, net (including goodwill) | 6,888 | 7,021 | 5,424 | 2,041 | 2,239 | 5,516 | 6,551 | ||
| Goodwill | 4,038 | 4,044 | 3,815 | 1,608 | 1,696 | 2,366 | 3,063 | ||
| Intangible assets, net (excluding goodwill) | 2,850 | 2,977 | 1,609 | 433 | 543 | 3,150 | 3,488 | ||
| Restricted cash and investments | 73 | 51 | 35 | 5 | 109 | 109 | 337 | ||
| Deferred costs | 767 | 604 | |||||||
| Deferred income tax assets | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 364 | 414 | 450 | ||||||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 12 | ||
| Assets of disposal group, including discontinued operation | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 12 | ||
| Deferred tax assets, net | ✕ | 10 | 2 | 28 | 14 | ||||
| Other undisclosed noncurrent assets | 352 | 383 | (12) | ||||||
| Total noncurrent assets: | 22,763 | 23,510 | 22,053 | 9,906 | 10,424 | 19,862 | 20,919 | ||
| TOTAL ASSETS: | 25,475 | 25,775 | 25,512 | 14,894 | 12,195 | 23,535 | 24,689 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 549 | 1,672 | 1,815 | 946 | 898 | 2,650 | 2,018 | ||
| Accounts payable | 415 | 399 | 318 | 215 | 179 | 349 | 443 | ||
| Accrued liabilities | 1,217 | 1,459 | 664 | 588 | 1,199 | 1,212 | |||
| Employee-related liabilities | 220 | 233 | |||||||
| Taxes payable | 146 | 130 | |||||||
| Interest and dividends payable | 134 | 56 | 38 | 67 | 131 | 736 | |||
| Deferred revenue | 192 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 95 | 164 | 64 | 89 | 187 | 15,779 | 197 | ||
| Due to related parties | 112 | 16 | |||||||
| Self insurance reserve | 204 | 208 | |||||||
| Deferred revenue and credits | ✕ | ✕ | 47 | 50 | |||||
| Deferred tax liabilities | ✕ | 217 | 289 | ||||||
| Customer advances and deposits | ✕ | ✕ | 150 | ✕ | |||||
| Contract with customer, liability | ✕ | 144 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 432 | 387 | |||||||
| Other undisclosed current liabilities | 1,291 | 20 | 9 | 6,601 | 905 | (1,199) | (619) | ||
| Total current liabilities: | 2,127 | 2,000 | 1,888 | 7,748 | 2,006 | 18,280 | 2,531 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,993 | 8,801 | 8,849 | 6,749 | 6,777 | 7,434 | 20,918 | ||
| Long-term debt, excluding current maturities | 8,514 | 8,801 | 8,849 | 6,749 | 6,777 | 7,434 | 20,918 | ||
| Operating lease, liability | 479 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt, including: | 599 | 788 | 1,473 | 93 | 188 | 484 | 668 | ||
| Deferred revenue | 8 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred compensation liability, classified | 53 | 63 | 40 | 80 | 84 | ||||
| Deferred tax liabilities, net | ✕ | 730 | 577 | 1,722 | 991 | 2,079 | 2,476 | ||
| Deferred income tax liabilities | 591 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Due to related parties | 35 | ||||||||
| Other undisclosed liabilities, other than long-term debt | 833 | (1,669) | (803) | (1,710) | (1,893) | ||||
| Other undisclosed noncurrent liabilities | 11,289 | 10,848 | 10,006 | 1,722 | 991 | 2,079 | 2,476 | ||
| Total noncurrent liabilities: | 20,881 | 20,437 | 20,328 | 8,564 | 7,956 | 9,997 | 24,062 | ||
| Total liabilities: | 23,008 | 22,437 | 22,216 | 16,312 | 9,962 | 28,277 | 26,593 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,388 | 3,250 | 3,225 | (3,177) | 987 | (4,997) | (3,122) | ||
| Common stock | 7 | 7 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (485) | (152) | (29) | (21) | (19) | (16) | |||
| Additional paid in capital | 14,124 | 14,048 | 7,605 | 8,190 | 8,140 | 7,231 | |||
| Accumulated other comprehensive income (loss) | (24) | 6 | (1) | 1 | (15) | (17) | |||
| Accumulated deficit | (10,372) | (10,684) | (10,753) | (7,184) | (13,104) | (10,321) | |||
| Other undisclosed stockholders' equity attributable to parent | 2,388 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 79 | 88 | 71 | 1,759 | 1,246 | 255 | 1,218 | ||
| Total stockholders' equity: | 2,467 | 3,338 | 3,296 | (1,418) | 2,233 | (4,742) | (1,904) | ||
| TOTAL LIABILITIES AND EQUITY: | 25,475 | 25,775 | 25,512 | 14,894 | 12,195 | 23,535 | 24,689 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,688 | 8,391 | 4,852 | 3,877 | 4,654 | 8,516 | 8,560 | |
| Revenue, net | ✕ | ✕ | 4,852 | 3,877 | 4,654 | 8,516 | 8,560 | |
| Cost of revenue | (210) | (202) | (276) | (1,128) | (227) | (4,737) | (4,541) | |
| Cost of goods and services sold | (276) | (1,128) | (227) | (4,737) | (4,541) | |||
| Other cost of operating revenue | (210) | (202) | ||||||
| Gross profit: | 8,478 | 8,189 | 4,576 | 2,749 | 4,427 | 3,779 | 4,019 | |
| Operating expenses | (8,147) | (7,652) | (4,320) | (3,620) | (4,081) | (8,968) | (10,794) | |
| Other undisclosed operating income | 210 | 202 | 276 | 1,128 | 227 | 4,737 | 4,541 | |
| Operating income (loss): | 541 | 739 | 532 | 257 | 573 | (452) | (2,235) | |
| Nonoperating income (expense) | (412) | 791 | 125 | (5,758) | 6,115 | (112) | 14 | |
| Investment income, nonoperating | 30 | (17) | ||||||
| Other nonoperating income (expense) | (412) | 791 | 95 | (5,758) | 6,115 | (95) | 14 | |
| Interest and debt expense | (1,375) | (1,347) | (1,006) | (599) | (684) | (2,766) | (2,283) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 791 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (455) | 183 | (349) | (6,100) | 6,004 | (3,330) | (4,504) | |
| Loss from equity method investments | (18) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (338) | (2,028) | 113 | 62 | ||||
| Income (loss) from continuing operations before income taxes: | (793) | 183 | (2,377) | (6,100) | 6,004 | (3,217) | (4,460) | |
| Income tax expense (benefit) | 98 | 121 | 1,995 | (27) | 55 | 543 | 1,550 | |
| Income (loss) from continuing operations: | (695) | 304 | (382) | (6,127) | 6,059 | (2,674) | (2,910) | |
| Income (loss) from discontinued operations | 3,380 | (7) | (192) | (30) | ||||
| Net income (loss): | (695) | 304 | (382) | (2,747) | 6,052 | (2,866) | (2,940) | |
| Net income (loss) attributable to noncontrolling interest | 1 | 7 | (822) | (132) | 83 | (8) | ||
| Other undisclosed net income (loss) attributable to parent | 1 | (1) | ||||||
| Net income (loss) available to common stockholders, basic: | (693) | 303 | (375) | (3,569) | 5,920 | (2,783) | (2,948) | |
| Dilutive securities, effect on basic earnings per share | 42 | |||||||
| Other undisclosed net income available to common stockholders, diluted | 42 | |||||||
| Net income (loss) available to common stockholders, diluted: | (651) | 345 | (375) | (3,569) | 5,920 | (2,783) | (2,948) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (695) | 304 | (382) | (2,747) | 6,052 | (2,866) | (2,940) | |
| Other comprehensive income (loss) | (110) | (34) | 6 | (2) | (2) | (38) | ||
| Comprehensive income (loss): | (805) | 270 | (376) | (2,749) | 6,052 | (2,868) | (2,978) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 8 | 3 | 7 | (822) | (132) | 83 | 8 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (17) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (797) | 273 | (369) | (3,571) | 5,920 | (2,785) | (2,987) | |
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.