Caesars Entertainment

Consumer Discretionary Casinos & Gaming Reno, Nevada Last filing Feb 25, 2025 · FY2024

                    Revenue
                    FY2024
                
$11.2B
                    3y CAGR +5.5%
                    
                    P40
                    
                    n/a
                    
                    Net income
                    FY2024
                
$-278.0M
                    Net margin -2.5%
                    
                    P2
                    
                    n/a
                    
                    Total assets
                    FY2024
                
$32.6B
                    ROA -0.9%
                    
                    P2
                    
                    n/a
                    
                    Operating cash flow
                    FY2024
                
$1.1B
                    FCF margin -2.0%
                    
                    P4
                    
                    n/a

13 yrs · FY2012–FY2024 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

34 accounts · 1 year

Total assets $32.6B

Total liabilities $28.2B

Shareholders equity $4.2B

Account	2024	Trend
Assets
Cash and Cash Equivalents	$866.0M
Accounts Receivable(net Casino&Other)	$470.0M
Inventory(net)	$45.0M
Total Current Assets	$1.7B
Property,Plant&Equipment(net)	$14.8B
Operating Lease Right of Use Asset(lessee)	$604.0M
Finance Lease Right of Use Asset(lessee)	$60.0M
Equity Method Investments	$131.0M
Goodwill	$10.6B
Other Intangible Assets(net)	$856.0M
Deferred Tax Assets	$62.0M
Other Noncurrent Assets	$1.1B
Total Assets	$32.6B
Liabilities
Accounts Payable	$296.0M
Accrued Liabilities	$1.6B
Contract Liabilities/Customer Deposits	$592.0M
Short Term Debt&Current Portion of Ltd	$109.0M
Total Current Liabilities	$2.3B
Long Term Debt(noncurrent)	$12.0B
Operating Lease Liabilities(noncurrent Lessee)	$716.0M
Finance Lease Liabilities(noncurrent Lessee)	$12.9B
Deferred Tax Liabilities	$130.0M
Unrecognized Tax Benefits(noncurrent)	$116.0M
Other Noncurrent Liabilities	$880.0M
Total Liabilities	$28.2B
Equity
Preferred Stock	$0
Common Stock	$0
Additional Paid In Capital	$6.9B
Retained Earnings/Accumulated Deficit	$-2.8B
Accumulated Other Comprehensive Income(loss)	$96.0M
Treasury Stock	$0
Noncontrolling Interest(equity Section)	$219.0M
Total Stockholders' Equity	$4.2B
Total Liabilities and Stockholders' Equity	$32.6B

Income Statement

Revenue, expense, and profitability

24 accounts · 1 year

Revenue $11.2B

Operating income $2.3B

Net income $-278.0M

Account	2024	Trend
IncomeStatement
Revenues Total net Revenue	$11.2B
Costs and Expenses Total Operating Costs&Expenses	$8.9B
Costs and Expenses Selling,General and Administrative Expense(sg&a)	$1.9B
Costs and Expenses Depreciation and Amortization	$1.3B
Costs and Expenses Impairment&Restructuring Charges	$302.0M
Operating Income Operating Income(loss)	$2.3B
Non Operating Income Expense Interest Expense,Net	$2.4B
Non Operating Income Expense Interest Income	$11.0M
Non Operating Income Expense Other Non Operating Income(expense)	$27.0M
Income Before Tax Income Before Income Taxes(continuing Operations)	$-124.0M
Income Tax Income Tax Expense(benefit)	$87.0M
Income From Continuing Operations	$-278.0M
Income From Discontinued Operations	$0
net Income net Income(loss)	$-278.0M
net Income net Income(loss)Attributable To Noncontrolling Interest	$67.0M
Earnings Per Share Basic Eps(continuing Operations)	$-1
Earnings Per Share Diluted Eps(continuing Operations)	$-1
Earnings Per Share Basic Eps(net Income)	$-1
Earnings Per Share Diluted Eps(net Income)	$-1
Earnings Per Share Weighted Average Shares Basic	$215.0M
Earnings Per Share Weighted Average Shares Diluted	$215.0M
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-1.0M
Comprehensive Income Comprehensive Income(loss),Net of Tax	$-279.0M
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interest	$67.0M

Cash Flow Statement

Operating, investing, and financing flows

27 accounts · 1 year

Operating cash flow $1.1B

Investing cash flow $-704.0M

Financing cash flow $-498.0M

Account	2024	Trend
CashFlow
Operating Activities net Income	$-278.0M
Operating Activities Depreciation and Amortization	$1.3B
Operating Activities Share Based Compensation	$94.0M
Operating Activities Provision For Doubtful Accounts	$49.0M
Operating Activities Impairment Charges&Restructuring	$302.0M
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	$-89.0M
Operating Activities Other Non Cash Items	$23.0M
Operating Activities Increase/decrease In Accounts Receivable	$-86.0M
Operating Activities Increase/decrease In Other Operating Assets	$13.0M
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	$-500.0M
Operating Activities net Cash From Operating Activities	$1.1B
Investing Activities Capital Expenditures(pp&e)	$1.3B
Investing Activities Acquisitions/Divestitures	$15.0M
Investing Activities Other Investing Activities	$0
Investing Activities net Cash From Investing Activities	$-704.0M
Financing Activities Proceeds From Debt	$7.5B
Financing Activities Repayment of Debt	$7.7B
Financing Activities Proceeds From Issuance of Stock	$0
Financing Activities Repurchase of Stock	$191.0M
Financing Activities Payments Related To Tax Withholding For Share Based Comp	$17.0M
Financing Activities Payments/proceeds Related To Noncontrolling Interests	$16.0M
Financing Activities net Cash From Financing Activities	$-498.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$0
Cash Reconciliation net Change In Cash	$-127.0M
Supplemental Disclosures Income Taxes Paid	$48.0M
Supplemental Disclosures Interest Paid	$1.1B
Supplemental Disclosures Non Cash Investing&Financing Activities	$10.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2024
Profitability
Gross margin	—
Operating margin	+20.5%
Net margin	-2.5%
FCF margin	-2.0%
Growth
Revenue CAGR (3y)	+5.5%
Returns
ROE	-6.7%
ROA	-0.9%
ROIC	+14.9%
Liquidity
Current ratio	0.77x
Quick ratio	—
Leverage
D/E	6.79x
Interest coverage	—
Efficiency
Asset turnover	0.35x
Cash conversion cycle	—

Valuation

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FY2024 fundamentals · no price

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Caesars Entertainment

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