Caesars Entertainment Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
CZR$29.30+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(142) | $(136) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 327 | 300 |
| Amortization of deferred financing costs and discounts | 45 | 55 |
| Provision for doubtful accounts | 10 | 4 |
| Loss on extinguishment of debt | 48 | 197 |
| Non-cash lease amortization | 7 | 15 |
| (Gain) loss on investments | (1) | 5 |
| Stock compensation expense | 25 | 27 |
| Loss on sale of business and disposal of property and equipment | 1 | 2 |
| Deferred income taxes | 15 | (50) |
| Other non-cash adjustments to net loss | (25) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 47 | 40 |
| Prepaid expenses and other assets | (27) | (21) |
| Income taxes receivable and payable, net | (3) | (1) |
| Accounts payable, accrued expenses and other liabilities | (247) | (263) |
| Net cash provided by operating activities | 80 | 174 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (264) | (272) |
| Proceeds from sale of business, property and equipment, net of cash sold | — | 1 |
| Other | — | 40 |
| Net cash used in investing activities | (264) | (231) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from long-term debt and revolving credit facilities | 4,825 | 4,700 |
| Repayments of long-term debt and revolving credit facilities | (4,828) | (4,630) |
| Financing obligation payments | — | (1) |
| Debt issuance and extinguishment costs | (77) | (79) |
| Taxes paid related to net share settlement of equity awards | (14) | (13) |
| Net cash used in financing activities | (94) | (23) |
| Decrease in cash, cash equivalents and restricted cash | (278) | (80) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,143 | 1,303 |
| Cash, cash equivalents and restricted cash, end of period | $865 | $1,223 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONSOLIDATED CONDENSED BALANCE SHEETS: | ||
| Cash and cash equivalents | $726 | $965 |
| Restricted cash | 126 | 155 |
| Restricted and escrow cash included in other assets, net | 13 | 103 |
| Total cash, cash equivalents and restricted cash | $865 | $1,223 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash interest paid for debt | $327 | $295 |
| Cash interest paid for rent related to financing obligations | 330 | 320 |
| Income taxes paid, net | 3 | 2 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Payables for capital expenditures | 245 | 148 |
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