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

Each cell as a share of that year’s revenue.

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	7.7%	8.7%	9.6%
Accounts Receivable(net Casino&Other)	4.2%	5.3%	5.6%
Inventory(net)	0.4%	0.4%	0.5%
Total Current Assets	15.5%	17.7%	19.4%
Property,Plant&Equipment(net)	131.7%	128.0%	134.9%
Operating Lease Right of Use Asset(lessee)	5.4%	5.4%	5.9%
Finance Lease Right of Use Asset(lessee)	0.5%	0.6%	0.7%
Equity Method Investments	1.2%	1.4%	0.9%
Goodwill	94.3%	95.3%	101.7%
Other Intangible Assets(net)	7.6%	8.2%	9.8%
Deferred Tax Assets	0.6%	0.4%	0.0%
Other Noncurrent Assets	9.8%	7.4%	9.4%
Total Assets	289.8%	289.4%	309.8%
Liabilities
Accounts Payable	2.6%	3.5%	2.9%
Accrued Liabilities	14.5%	16.0%	17.8%
Contract Liabilities/Customer Deposits	5.3%	6.5%	6.9%
Short Term Debt&Current Portion of Ltd	1.0%	0.6%	1.0%
Total Current Liabilities	20.2%	23.3%	24.7%
Long Term Debt(noncurrent)	107.0%	106.0%	117.0%
Operating Lease Liabilities(noncurrent Lessee)	6.4%	6.3%	6.6%
Finance Lease Liabilities(noncurrent Lessee)	114.7%	110.7%	116.5%
Deferred Tax Liabilities	1.2%	0.9%	9.1%
Unrecognized Tax Benefits(noncurrent)	1.0%	1.1%	1.2%
Other Noncurrent Liabilities	7.8%	7.6%	7.9%
Total Liabilities	250.9%	248.5%	275.2%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	61.0%	60.7%	64.3%
Retained Earnings/Accumulated Deficit	-24.9%	-21.9%	-30.6%
Accumulated Other Comprehensive Income(loss)	0.9%	0.8%	0.9%
Treasury Stock	0.0%	0.0%	0.0%
Noncontrolling Interest(equity Section)	1.9%	1.5%	0.4%
Total Stockholders' Equity	37.0%	39.5%	34.3%
Total Liabilities and Stockholders' Equity	289.8%	289.4%	309.8%

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	100.0%	100.0%	100.0%
Costs and Expenses Total Operating Costs&Expenses	79.5%	78.6%	83.9%
Costs and Expenses Selling,General and Administrative Expense(sg&a)	17.1%	17.5%	19.1%
Costs and Expenses Depreciation and Amortization	11.8%	10.9%	11.1%
Costs and Expenses Impairment&Restructuring Charges	2.7%	0.8%	1.0%
Operating Income Operating Income(loss)	20.5%	21.4%	16.1%
Non Operating Income Expense Interest Expense,Net	21.7%	20.8%	21.3%
Non Operating Income Expense Interest Income	0.1%	0.1%	0.1%
Non Operating Income Expense Other Non Operating Income(expense)	0.2%	0.1%	0.4%
Income Before Tax Income Before Income Taxes(continuing Operations)	-1.1%	-0.5%	-5.2%
Income Tax Income Tax Expense(benefit)	0.8%	-7.7%	-0.4%
Income From Continuing Operations	-2.5%	6.8%	-4.7%
Income From Discontinued Operations	0.0%	0.0%	-3.6%
net Income net Income(loss)	-2.5%	6.8%	-8.3%
net Income net Income(loss)Attributable To Noncontrolling Interest	0.6%	0.4%	-0.1%
Earnings Per Share Basic Eps(continuing Operations)	-0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps(continuing Operations)	-0.0%	0.0%	-0.0%
Earnings Per Share Basic Eps(net Income)	-0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps(net Income)	-0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	1.9%	1.9%	2.0%
Earnings Per Share Weighted Average Shares Diluted	1.9%	1.9%	2.0%
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-0.0%	0.0%	0.5%
Comprehensive Income Comprehensive Income(loss),Net of Tax	-2.5%	6.9%	-7.8%
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interest	0.6%	0.4%	-0.1%

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	-2.5%	6.8%	-8.3%
Operating Activities Depreciation and Amortization	11.8%	10.9%	11.1%
Operating Activities Share Based Compensation	0.8%	0.9%	0.9%
Operating Activities Provision For Doubtful Accounts	0.4%	0.4%	0.2%
Operating Activities Impairment Charges&Restructuring	2.7%	0.8%	1.0%
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	-0.8%	-1.7%	-0.8%
Operating Activities Other Non Cash Items	0.2%	0.3%	0.5%
Operating Activities Increase/decrease In Accounts Receivable	-0.8%	0.7%	1.3%
Operating Activities Increase/decrease In Other Operating Assets	0.1%	-0.3%	0.1%
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	-4.4%	0.1%	-0.8%
Operating Activities net Cash From Operating Activities	9.6%	15.7%	9.2%
Investing Activities Capital Expenditures(pp&e)	11.5%	11.0%	8.8%
Investing Activities Acquisitions/Divestitures	0.1%	0.3%	0.1%
Investing Activities Other Investing Activities	0.0%	-0.3%	0.1%
Investing Activities net Cash From Investing Activities	-6.3%	-10.9%	-7.1%
Financing Activities Proceeds From Debt	66.9%	47.4%	13.9%
Financing Activities Repayment of Debt	68.2%	0.0%	0.0%
Financing Activities Proceeds From Issuance of Stock	0.0%	0.0%	0.0%
Financing Activities Repurchase of Stock	1.7%	0.0%	0.0%
Financing Activities Payments Related To Tax Withholding For Share Based Comp	0.2%	0.2%	0.2%
Financing Activities Payments/proceeds Related To Noncontrolling Interests	0.1%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	-4.4%	-6.2%	-11.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.0%	-0.3%
Cash Reconciliation net Change In Cash	-1.1%	-1.4%	-6.6%
Supplemental Disclosures Income Taxes Paid	0.4%	0.2%	0.2%
Supplemental Disclosures Interest Paid	9.4%	7.3%	7.4%
Supplemental Disclosures Non Cash Investing&Financing Activities	0.1%	0.4%	0.4%

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	—	—	—

Valuation

Price against fundamentals

FY2024 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Caesars Entertainment

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history