Caesars Entertainment

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

                    Revenue
                    FY2024
                
$11.2B
                    3y CAGR +5.5%
                    
                    P40
                    
                    -2.5%
                    
                    Net income
                    FY2024
                
$-278.0M
                    Net margin -2.5%
                    
                    P2
                    
                    -135.4%
                    
                    Total assets
                    FY2024
                
$32.6B
                    ROA -0.9%
                    
                    P2
                    
                    -2.3%
                    
                    Operating cash flow
                    FY2024
                
$1.1B
                    FCF margin -2.0%
                    
                    P4
                    
                    -40.6%

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 · 3 years

Total assets $32.6B

Total liabilities $28.2B

Shareholders equity $4.2B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	$866.0M -13.8%	$1.0B -3.2%	$1.0B
Accounts Receivable(net Casino&Other)	$470.0M -22.7%	$608.0M -0.5%	$611.0M
Inventory(net)	$45.0M -2.2%	$46.0M -22.0%	$59.0M
Total Current Assets	$1.7B -14.6%	$2.0B -2.7%	$2.1B
Property,Plant&Equipment(net)	$14.8B 0.4%	$14.8B 1.1%	$14.6B
Operating Lease Right of Use Asset(lessee)	$604.0M -2.9%	$622.0M -2.7%	$639.0M
Finance Lease Right of Use Asset(lessee)	$60.0M -13.0%	$69.0M -5.5%	$73.0M
Equity Method Investments	$131.0M -16.6%	$157.0M 67.0%	$94.0M
Goodwill	$10.6B -3.5%	$11.0B -0.1%	$11.0B
Other Intangible Assets(net)	$856.0M -9.5%	$946.0M -10.8%	$1.1B
Deferred Tax Assets	$62.0M 31.9%	$47.0M	$0
Other Noncurrent Assets	$1.1B 30.2%	$848.0M -16.5%	$1.0B
Total Assets	$32.6B -2.3%	$33.4B -0.5%	$33.5B
Liabilities
Accounts Payable	$296.0M -27.5%	$408.0M 29.9%	$314.0M
Accrued Liabilities	$1.6B -12.1%	$1.8B -4.1%	$1.9B
Contract Liabilities/Customer Deposits	$592.0M -21.0%	$749.0M 0.3%	$747.0M
Short Term Debt&Current Portion of Ltd	$109.0M 67.7%	$65.0M -39.8%	$108.0M
Total Current Liabilities	$2.3B -15.5%	$2.7B 0.8%	$2.7B
Long Term Debt(noncurrent)	$12.0B -1.6%	$12.2B -3.4%	$12.7B
Operating Lease Liabilities(noncurrent Lessee)	$716.0M -1.6%	$728.0M 2.5%	$710.0M
Finance Lease Liabilities(noncurrent Lessee)	$12.9B 1.1%	$12.8B 1.2%	$12.6B
Deferred Tax Liabilities	$130.0M 27.5%	$102.0M -89.7%	$987.0M
Unrecognized Tax Benefits(noncurrent)	$116.0M -6.5%	$124.0M -3.1%	$128.0M
Other Noncurrent Liabilities	$880.0M 1.0%	$871.0M 2.2%	$852.0M
Total Liabilities	$28.2B -1.5%	$28.6B -3.8%	$29.8B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$0	$0	$0
Additional Paid In Capital	$6.9B -2.0%	$7.0B 0.7%	$7.0B
Retained Earnings/Accumulated Deficit	$-2.8B -11.0%	$-2.5B 23.8%	$-3.3B
Accumulated Other Comprehensive Income(loss)	$96.0M -1.0%	$97.0M 5.4%	$92.0M
Treasury Stock	$0 -100.0%	$363.0K 0.0%	$363.0K
Noncontrolling Interest(equity Section)	$219.0M 30.4%	$168.0M 342.1%	$38.0M
Total Stockholders' Equity	$4.2B -8.7%	$4.6B 22.6%	$3.7B
Total Liabilities and Stockholders' Equity	$32.6B -2.3%	$33.4B -0.5%	$33.5B

Income Statement

Revenue, expense, and profitability

24 accounts · 3 years

Revenue $11.2B

Operating income $2.3B

Net income $-278.0M

Account	2024	2023	2022
IncomeStatement
Revenues Total net Revenue	$11.2B -2.5%	$11.5B 6.5%	$10.8B
Costs and Expenses Total Operating Costs&Expenses	$8.9B -1.3%	$9.1B -0.3%	$9.1B
Costs and Expenses Selling,General and Administrative Expense(sg&a)	$1.9B -4.6%	$2.0B -2.7%	$2.1B
Costs and Expenses Depreciation and Amortization	$1.3B 5.0%	$1.3B 4.6%	$1.2B
Costs and Expenses Impairment&Restructuring Charges	$302.0M 217.9%	$95.0M -12.0%	$108.0M
Operating Income Operating Income(loss)	$2.3B -6.8%	$2.5B 42.2%	$1.7B
Non Operating Income Expense Interest Expense,Net	$2.4B 1.8%	$2.4B 4.0%	$2.3B
Non Operating Income Expense Interest Income	$11.0M -8.3%	$12.0M 0.0%	$12.0M
Non Operating Income Expense Other Non Operating Income(expense)	$27.0M 170.0%	$10.0M -78.3%	$46.0M
Income Before Tax Income Before Income Taxes(continuing Operations)	$-124.0M -106.7%	$-60.0M 89.4%	$-565.0M
Income Tax Income Tax Expense(benefit)	$87.0M 109.8%	$-888.0M -2065.9%	$-41.0M
Income From Continuing Operations	$-278.0M -135.4%	$786.0M 253.2%	$-513.0M
Income From Discontinued Operations	$0	$0 100.0%	$-386.0M
net Income net Income(loss)	$-278.0M -135.4%	$786.0M 187.4%	$-899.0M
net Income net Income(loss)Attributable To Noncontrolling Interest	$67.0M 59.5%	$42.0M 481.8%	$-11.0M
Earnings Per Share Basic Eps(continuing Operations)	$-1 -135.3%	$4 252.7%	$-2
Earnings Per Share Diluted Eps(continuing Operations)	$-1 -135.4%	$4 252.3%	$-2
Earnings Per Share Basic Eps(net Income)	$-1 -135.3%	$4 187.1%	$-4
Earnings Per Share Diluted Eps(net Income)	$-1 -135.4%	$4 186.9%	$-4
Earnings Per Share Weighted Average Shares Basic	$215.0M 0.0%	$215.0M 0.5%	$214.0M
Earnings Per Share Weighted Average Shares Diluted	$215.0M -0.5%	$216.0M 0.9%	$214.0M
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-1.0M -120.0%	$5.0M -90.9%	$55.0M
Comprehensive Income Comprehensive Income(loss),Net of Tax	$-279.0M -135.3%	$791.0M 193.8%	$-843.0M
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interest	$67.0M 59.5%	$42.0M 450.0%	$-12.0M

Cash Flow Statement

Operating, investing, and financing flows

27 accounts · 3 years

Operating cash flow $1.1B

Investing cash flow $-704.0M

Financing cash flow $-498.0M

Account	2024	2023	2022
CashFlow
Operating Activities net Income	$-278.0M -135.4%	$786.0M 187.4%	$-899.0M
Operating Activities Depreciation and Amortization	$1.3B 5.0%	$1.3B 4.6%	$1.2B
Operating Activities Share Based Compensation	$94.0M -9.6%	$104.0M 3.0%	$101.0M
Operating Activities Provision For Doubtful Accounts	$49.0M 19.5%	$41.0M 64.0%	$25.0M
Operating Activities Impairment Charges&Restructuring	$302.0M 217.9%	$95.0M -12.0%	$108.0M
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	$-89.0M 55.5%	$-200.0M -135.3%	$-85.0M
Operating Activities Other Non Cash Items	$23.0M -42.5%	$40.0M -29.8%	$57.0M
Operating Activities Increase/decrease In Accounts Receivable	$-86.0M -204.9%	$82.0M -42.7%	$143.0M
Operating Activities Increase/decrease In Other Operating Assets	$13.0M 133.3%	$-39.0M -360.0%	$15.0M
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	$-500.0M -5100.0%	$10.0M 112.2%	$-82.0M
Operating Activities net Cash From Operating Activities	$1.1B -40.6%	$1.8B 82.2%	$993.0M
Investing Activities Capital Expenditures(pp&e)	$1.3B 2.5%	$1.3B 32.8%	$952.0M
Investing Activities Acquisitions/Divestitures	$15.0M -54.5%	$33.0M 200.0%	$11.0M
Investing Activities Other Investing Activities	$0 100.0%	$-36.0M -700.0%	$6.0M
Investing Activities net Cash From Investing Activities	$-704.0M 43.9%	$-1.3B -63.5%	$-768.0M
Financing Activities Proceeds From Debt	$7.5B 37.8%	$5.5B 264.0%	$1.5B
Financing Activities Repayment of Debt	$7.7B	$0	$0
Financing Activities Proceeds From Issuance of Stock	$0	$0 -100.0%	$1.0M
Financing Activities Repurchase of Stock	$191.0M	$0	$0
Financing Activities Payments Related To Tax Withholding For Share Based Comp	$17.0M -37.0%	$27.0M 0.0%	$27.0M
Financing Activities Payments/proceeds Related To Noncontrolling Interests	$16.0M 433.3%	$3.0M 0.0%	$3.0M
Financing Activities net Cash From Financing Activities	$-498.0M 30.2%	$-713.0M 44.4%	$-1.3B
Cash Reconciliation Effect of Exchange Rate On Cash	$0	$0 100.0%	$-29.0M
Cash Reconciliation net Change In Cash	$-127.0M 20.6%	$-160.0M 77.7%	$-718.0M
Supplemental Disclosures Income Taxes Paid	$48.0M 84.6%	$26.0M 18.2%	$22.0M
Supplemental Disclosures Interest Paid	$1.1B 24.3%	$846.0M 5.1%	$805.0M
Supplemental Disclosures Non Cash Investing&Financing Activities	$10.0M -75.6%	$41.0M -4.7%	$43.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2024	2023	2022
Profitability
Gross margin	—	—	—
Operating margin	+20.5%	+21.4%	+16.1%
Net margin	-2.5%	+6.8%	-8.3%
FCF margin	-2.0%	+4.7%	+0.4%
Growth
Revenue CAGR (3y)	+5.5%	+47.0%	+62.4%
Returns
ROE	-6.7%	+17.3%	-24.2%
ROA	-0.9%	+2.4%	-2.7%
ROIC	+14.9%	+15.6%	+11.3%
Liquidity
Current ratio	0.77x	0.76x	0.79x
Quick ratio	—	—	—
Leverage
D/E	6.79x	6.29x	8.02x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.35x	0.35x	0.32x
Cash conversion cycle	—	—	—

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FY2024 fundamentals · no price

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Caesars Entertainment

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