Supplemental Consolidating Financial Information
Caesars Resort Collection, LLC
(Unaudited)
Exhibit. Supplemental Consolidating Financial Information
The following tables present the balance sheet as of September 30, 2020 and December 31, 2019, income statement for three and nine months ended September 30, 2020 and September 30, 2019 and cash flows for nine months ended September 30, 2020 and September 30, 2019 of Caesars Resort Collection, LLC (“CRC”), as it consolidates into CEI as a wholly-owned subsidiary. “Other Operations and Eliminations” presents the operations of CEI’s other subsidiaries, including eliminations of intercompany transactions. CEI consolidated balance does not include CRC until the period starting from July 20, 2020.
The consolidating condensed balance sheet as of September 30, 2020 and December 31, 2019 are as follows:
September 30, 2020December 31, 2019
(In millions)
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents$485 $552 $1,037 $1,393 $(1,187)$206 
Restricted cash and investments21 2,238 2,259 17 (13)4 
Accounts receivable, net297 88 385 402 (348)54 
Due from affiliates717 (680)37 487 (483)4 
Inventories34 15 49 35 (17)18 
Prepayments and other current assets128 137 265 147 (81)66 
Assets held for sale1,579 687 2,266 50 203 253 
Total current assets3,261 3,037 6,298 2,531 (1,926)605 
Investment in and advances to unconsolidated affiliates— 170 170 — 136 136 
Property and equipment, net11,971 2,659 14,630 14,294 (11,679)2,615 
Gaming licenses and other intangibles, net3,374 1,092 4,466 2,717 (1,606)1,111 
Goodwill8,563 887 9,450 4,012 (3,102)910 
Other assets, net1,397 (173)1,224 750 (486)264 
Deferred income taxes— 1 1 — — — 
Total assets$28,566 $7,673 $36,239 $24,304 $(18,663)$5,641 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt$67 $— $67 $64 $182 $246 
Accounts payable113 161 274 271 (209)62 
Accrued interest139 102 241 20 16 36 
Accrued other liabilities940 431 1,371 1,335 (1,028)307 
Due to affiliates11 (11)— 4 (4)— 
Liabilities related to assets held for sale389 128 517 7 30 37 
Total current liabilities1,659 811 2,470 1,701 (1,013)688 
Long-term financing obligation11,324 1,223 12,547 10,070 (9,099)971 
Long-term debt, less current portion8,281 6,922 15,203 7,420 (5,095)2,325 
Long-term debt to related party 15 (15)— 15 (15)— 
Deferred income taxes1,366 (285)1,081 1,044 (847)197 
Other long-term liabilities642 907 1,549 931 (588)343 
Total liabilities23,287 9,563 32,850 21,181 (16,657)4,524 
STOCKHOLDERS' EQUITY:


Caesars stockholders’ equity5,261 (1,906)3,370 3,109 (1,992)1,117 
Noncontrolling interests18 1 19 14 (14)— 
Total stockholders’ equity5,279 (1,890)3,389 3,123 (2,006)1,117 
Total liabilities and stockholders’ equity$28,566 $7,673 $36,239 $24,304 $(18,663)$5,641 
____________________
(1)In connection with the Merger, CEOC, LLC has been contributed to CRC and the results for the periods presented have been recast as the contribution was between entities under common control.

Supplemental Consolidating Financial Information
Caesars Resort Collection, LLC
(Unaudited)
The consolidating condensed income statement for three and nine months ended September 30, 2020 are as follows:
Three Months Ended September 30, 2020Nine Months Ended September 30, 2020
(In millions)
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
REVENUES:
Casino and pari-mutuel commissions$766 $153 $919 $1,916 $(556)$1,360 
Food and beverage115 10 125 468 (280)188 
Hotel179 21 200 527 (270)257 
Other147 (14)133 458 (286)172 
Net revenues1,207 170 1,377 3,369 (1,392)1,977 
EXPENSES:
Casino and pari-mutuel commissions400 61 461 1,174 (489)685 
Food and beverage85 6 91 386 (233)153 
Hotel60 3 63 199 (108)91 
Other70 (18)52 242 (180)62 
General and administrative300 30 330 859 (364)495 
Corporate69 21 90 167 (47)120 
Impairment charges— — — 65 96 161 
Depreciation and amortization223 — 223 722 (400)322 
Transaction costs and other operating costs117 102 219 154 88 242 
Total operating expenses1,324 205 1,529 3,968 (1,637)2,331 
Operating loss(117)(35)(152)(599)245 (354)
OTHER EXPENSE:
Interest expense, net(410)(63)(473)(1,046)438 (608)
Loss on extinguishment of debt— (173)(173)— (173)(173)
Other loss(8)17 9 (14)13 (1)
Total other expense(418)(219)(637)(1,060)278 (782)
Loss from continuing operations before income taxes(535)(254)(789)(1,659)523 (1,136)
Provision for income taxes(48)(87)(135)(139)75 (64)
Net loss from continuing operations, net of income taxes(583)(341)(924)(1,798)598 (1,200)
Discontinued operations, net of income taxes(1)— (1)(1)— (1)
Net loss(584)(341)(925)(1,799)598 (1,201)
Net income attributable to noncontrolling interests(1)— (1)3 (4)(1)
Net loss attributable to Caesars$(585)$(341)$(926)$(1,796)$594 $(1,202)
____________________
(1)In connection with the Merger, CEOC, LLC has been contributed to CRC and the results for the periods presented have been recast as the contribution was between entities under common control.


Supplemental Consolidating Financial Information
Caesars Resort Collection, LLC
(Unaudited)
The consolidating condensed income statement for three and nine months ended September 30, 2019 are as follows:
Three Months Ended September 30, 2019Nine Months Ended September 30, 2019
(In millions)
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
CRC (1)
Other Operations,
Eliminations		CEI Consolidated
REVENUES:
Casino and pari-mutuel commissions$1,118 $(660)$458 $3,301 $(1,915)$1,386 
Food and beverage411 (333)78 1,212 (983)229 
Hotel409 (315)94 1,202 (965)237 
Other301 (268)33 856 (772)84 
Net revenues2,239 (1,576)663 6,571 (4,635)1,936 
EXPENSES:
Casino and pari-mutuel commissions628 (399)229 1,868 (1,175)693 
Food and beverage287 (227)60 846 (666)180 
Hotel125 (98)27 364 (288)76 
Other153 (141)12 445 (411)34 
General and administrative386 (256)130 1,138 (757)381 
Corporate56 (43)13 200 (149)51 
Impairment charges380 (380)— 430 (429)1 
Depreciation and amortization255 (202)53 742 (575)167 
Transaction costs and other operating costs20 (6)14 52 (50)2 
Total operating expenses2,290 (1,752)538 6,085 (4,500)1,585 
Operating (loss) income(51)176 125 486 (135)351 
OTHER EXPENSE:
Interest expense, net(325)253 (72)(980)763 (217)
Loss on extinguishment of debt— (1)(1)— (1)(1)
Other (loss) income— 3 3 (10)10 — 
Total other expense(325)255 (70)(990)772 (218)
(Loss) income from continuing operations before income taxes(376)431 55 (504)637 133 
Benefit (provision) for income taxes27 (45)(18)9 (48)(39)
Net (loss) income(349)386 37 (495)589 94 
Net income attributable to noncontrolling interests(1)1 — — — — 
Net (loss) income attributable to Caesars$(350)$387 $37 (495)$589 $94 
____________________
(1)In connection with the Merger, CEOC, LLC has been contributed to CRC and the results for the periods presented have been recast as the contribution was between entities under common control.
The consolidating condensed statement of cash flows for nine months ended September 30, 2020 and September 30, 2019 are as follows:


Supplemental Consolidating Financial Information
Caesars Resort Collection, LLC
(Unaudited)
Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
(In millions)
CRC (1)
Other Operations,
Eliminations		CEI consolidated
CRC (1)
Other Operations,
Eliminations		CEI consolidated
Net cash (used in) provided by operating activities$(745)$525 $(220)$676 $(417)$259 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net(245)151 (94)(420)285 (135)
Former Caesars acquisition, net of cash acquired— (6,374)(6,374)— — — 
Acquisition of gaming rights(65)45 (20)— — — 
Sale of restricted investments— — — — 5 5 
Proceeds from sale of businesses, property and equipment, net of cash sold9 222 231 5 164 169 
Investment in unconsolidated affiliates— (1)(1)— (1)(1)
Other— — — 10 (10)— 
Net cash (used in) provided by investing activities(301)(5,957)(6,258)(405)443 38 
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term debt and revolving credit facilities3,938 5,827 9,765 — — — 
Repayments of long-term debt and revolving credit facilities(2,396)(430)(2,826)(398)83 (315)
Proceeds from sale-leaseback financing arrangement3,219 — 3,219 — — — 
Financing obligation payments(58)9 (49)(12)12 — 
Transactions with parent(4,384)4,384 — 228 (228)— 
Debt issuance and extinguishment costs(121)(235)(356)— (1)(1)
Proceeds from issuance of common stock— 772 772 — — — 
Cash paid to settle convertible notes— (574)(574)— — — 
Taxes paid related to net share settlement of equity awards— (8)(8)— (7)(7)
Distributions to noncontrolling interests— — — (1)1 — 
Net cash (used in) provided by financing activities198 9,745 9,943 (183)(140)(323)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Cash flows from operating activities22 1 23 — — — 
Cash flows from investing activities(4)— (4)— — — 
Net cash from discontinued operations18 1 19 — — — 
Change in cash classified as assets held for sale(77)77 — — — — 
Increase (decrease) in cash, cash equivalents and restricted cash(907)4,314 3,484 88 (114)(26)
Cash, cash equivalents and restricted cash, beginning of period1,422 (1,205)217 904 (657)247 
Cash, cash equivalents and restricted cash, end of period$515 $3,109 $3,701 $992 $(771)$221 


Supplemental Consolidating Financial Information
Caesars Resort Collection, LLC
(Unaudited)
____________________
(1)In connection with the Merger, CEOC, LLC has been contributed to CRC and the results for the periods presented have been recast as the contribution was between entities under common control.