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 investments1,3131,4912,5581,5131,3382,8062,771
Cash and cash equivalents1,3131,4912,5581,5131,3382,8062,771
Restricted cash and investments1371151163,1135976 
Receivables446457496160193518620
Inventory, net of allowances, customer advances and progress billings38413920214346
Inventory38413920214346
Assets held-for-sale, not part of disposal group556    
Other current assets200155239118128  
Other undisclosed current assets226116432230334
Total current assets:2,7122,2653,4594,9881,7713,6733,770
Noncurrent Assets
Operating lease, right-of-use asset453
Property, plant and equipment14,98816,04516,2287,4467,59813,45613,238
Long-term investments and receivables      177
Long-term investments      177
Intangible assets, net (including goodwill)6,8887,0215,4242,0412,2395,5166,551
Goodwill4,0384,0443,8151,6081,6962,3663,063
Intangible assets, net (excluding goodwill)2,8502,9771,6094335433,1503,488
Restricted cash and investments7351355109109337
Deferred costs     767604
Deferred income tax assets9
Other noncurrent assets  364414450  
Assets held-for-sale, long lived12
Assets of disposal group, including discontinued operation12
Deferred tax assets, net102 2814 
Other undisclosed noncurrent assets352383    (12)
Total noncurrent assets:22,76323,51022,0539,90610,42419,86220,919
TOTAL ASSETS:25,47525,77525,51214,89412,19523,53524,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5491,6721,8159468982,6502,018
Accounts payable415399318215179349443
Accrued liabilities 1,2171,4596645881,1991,212
Employee-related liabilities     220233
Taxes payable     146130
Interest and dividends payable134563867131736 
Deferred revenue192
Debt95164648918715,779197
Due to related parties   11216  
Self insurance reserve     204208
Deferred revenue and credits   4750
Deferred tax liabilities    217289
Customer advances and deposits   150
Contract with customer, liability144
Other liabilities     432387
Other undisclosed current liabilities1,2912096,601905(1,199)(619)
Total current liabilities:2,1272,0001,8887,7482,00618,2802,531
Noncurrent Liabilities
Long-term debt and lease obligation8,9938,8018,8496,7496,7777,43420,918
Long-term debt, excluding current maturities8,5148,8018,8496,7496,7777,43420,918
Operating lease, liability479
Liabilities, other than long-term debt, including:5997881,47393188484668
Deferred revenue8
Contract with customer, liability5
Deferred compensation liability, classified 536340 8084
Deferred tax liabilities, net7305771,7229912,0792,476
Deferred income tax liabilities591
Due to related parties     35 
Other undisclosed liabilities, other than long-term debt  833(1,669)(803)(1,710)(1,893)
Other undisclosed noncurrent liabilities11,28910,84810,0061,7229912,0792,476
Total noncurrent liabilities:20,88120,43720,3288,5647,9569,99724,062
Total liabilities:23,00822,43722,21616,3129,96228,27726,593
Stockholders' equity
Stockholders' equity attributable to parent2,3883,2503,225(3,177)987(4,997)(3,122)
Common stock 771111
Treasury stock, value (485)(152)(29)(21)(19)(16)
Additional paid in capital 14,12414,0487,6058,1908,1407,231
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 parent2,388      
Stockholders' equity attributable to noncontrolling interest7988711,7591,2462551,218
Total stockholders' equity:2,4673,3383,296(1,418)2,233(4,742)(1,904)
TOTAL LIABILITIES AND EQUITY:25,47525,77525,51214,89412,19523,53524,689

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
Revenues8,6888,3914,8523,8774,6548,5168,560
Revenue, net4,8523,8774,6548,5168,560
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:8,4788,1894,5762,7494,4273,7794,019
Operating expenses(8,147)(7,652)(4,320)(3,620)(4,081)(8,968)(10,794)
Other undisclosed operating income2102022761,1282274,7374,541
Operating income (loss):541739532257573(452)(2,235)
Nonoperating income (expense)(412)791125(5,758)6,115(112)14
Investment income, nonoperating  30  (17) 
Other nonoperating income (expense)(412)79195(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 taxes791      
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)  11362
Income (loss) from continuing operations before income taxes:(793)183(2,377)(6,100)6,004(3,217)(4,460)
Income tax expense (benefit)981211,995(27)555431,550
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 interest1 7(822)(132)83(8)
Other undisclosed net income (loss) attributable to parent1(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, diluted42      
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 interest837(822)(132)838
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.

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