Caesars Entertainment Inc
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
CZR$29.28+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (In millions, except per share data) | 2023 | 2022 | 2021 |
| NET REVENUES: | |||
| Casino | $6,367 | $5,997 | $5,827 |
| Food and beverage | 1,728 | 1,596 | 1,140 |
| Hotel | 2,090 | 1,957 | 1,551 |
| Other | 1,343 | 1,271 | 1,052 |
| Net revenues | 11,528 | 10,821 | 9,570 |
| OPERATING EXPENSES: | |||
| Casino | 3,342 | 3,526 | 3,129 |
| Food and beverage | 1,049 | 935 | 707 |
| Hotel | 570 | 529 | 438 |
| Other | 434 | 411 | 373 |
| General and administrative | 2,012 | 2,068 | 1,782 |
| Corporate | 306 | 286 | 309 |
| Impairment charges | 95 | 108 | 102 |
| Depreciation and amortization | 1,261 | 1,205 | 1,126 |
| Transaction and other costs, net | (13) | 14 | 144 |
| Total operating expenses | 9,056 | 9,082 | 8,110 |
| Operating income | 2,472 | 1,739 | 1,460 |
| OTHER EXPENSE: | |||
| Interest expense, net | (2,342) | (2,265) | (2,295) |
| Loss on extinguishment of debt | (200) | (85) | (236) |
| Other income (loss) | 10 | 46 | (198) |
| Total other expense | (2,532) | (2,304) | (2,729) |
| Loss from continuing operations before income taxes | (60) | (565) | (1,269) |
| Benefit for income taxes | 888 | 41 | 283 |
| Income (loss) from continuing operations, net of income taxes | 828 | (524) | (986) |
| Discontinued operations, net of income taxes | — | (386) | (30) |
| Net income (loss) | 828 | (910) | (1,016) |
| Net (income) loss attributable to noncontrolling interests | (42) | 11 | (3) |
| Net income (loss) attributable to Caesars | $786 | $(899) | $(1,019) |
| Net income (loss) per share - basic and diluted: | |||
| Basic income (loss) per share from continuing operations | $3.65 | $(2.39) | $(4.69) |
| Basic loss per share from discontinued operations | — | (1.80) | (0.14) |
| Basic income (loss) per share | $3.65 | $(4.19) | $(4.83) |
| Diluted income (loss) per share from continuing operations | $3.64 | $(2.39) | $(4.69) |
| Diluted loss per share from discontinued operations | — | (1.80) | (0.14) |
| Diluted income (loss) per share | $3.64 | $(4.19) | $(4.83) |
| Weighted average basic shares outstanding | 215 | 214 | 211 |
| Weighted average diluted shares outstanding | 216 | 214 | 211 |
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