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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

34 accounts · 10 years

Total assets $32.6B

Total liabilities $28.2B

Shareholders equity $4.2B

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Assets
Cash and Cash Equivalents	-13.8%	-3.2%	-3.0%	-39.8%	+762.1%	-10.8%	+71.6%	+120.5%	-22.0%	—
Accounts Receivable(net Casino&Other)	-22.7%	-0.5%	+29.4%	+38.0%	+533.3%	-10.3%	+31.4%	+211.7%	+47.2%	—
Inventory(net)	-2.2%	-22.0%	+40.5%	-4.5%	+144.4%	-12.6%	+22.1%	+52.6%	-5.9%	—
Total Current Assets	-14.6%	-2.7%	-64.8%	-1.6%	+902.1%	+5.5%	+128.3%	+146.7%	-12.4%	—
Property,Plant&Equipment(net)	+0.4%	+1.1%	-0.0%	-0.9%	+463.5%	-9.3%	+91.8%	+145.4%	-2.1%	—
Operating Lease Right of Use Asset(lessee)	-2.9%	-2.7%	-3.5%	+44.9%	+143.1%	—	—	—	—	—
Finance Lease Right of Use Asset(lessee)	-13.0%	-5.5%	+82.5%	-37.5%	+206.2%	—	—	—	—	—
Equity Method Investments	-16.6%	+67.0%	-40.5%	-8.7%	+27.2%	+7088.2%	+26.1%	+15.4%	+1.1%	—
Goodwill	-3.5%	-0.1%	-0.7%	+12.3%	+984.0%	-9.8%	+35.0%	+1018.0%	+0.0%	—
Other Intangible Assets(net)	-9.5%	-10.8%	-12.3%	+141.3%	+845.3%	-36.1%	-91.7%	+104.5%	-0.9%	—
Deferred Tax Assets	+31.9%	—	-100.0%	-1.7%	—	-100.0%	+95.7%	+48.1%	-14.2%	—
Other Noncurrent Assets	+30.2%	-16.5%	-22.6%	+3.6%	+379.9%	+216.4%	+71.3%	+327.0%	+64.0%	—
Total Assets	-2.3%	-0.5%	-11.8%	+4.5%	+545.0%	-4.6%	+66.7%	+174.1%	-2.3%	—
Liabilities
Accounts Payable	-27.5%	+29.9%	+23.6%	+52.1%	+169.4%	+5.9%	+68.3%	+61.2%	+26.9%	—
Accrued Liabilities	-12.1%	-4.1%	-2.3%	+56.2%	+311.4%	+198.1%	+55.9%	+109.6%	-0.9%	—
Contract Liabilities/Customer Deposits	-21.0%	+0.3%	+21.7%	+144.6%	+684.4%	—	—	—	—	—
Short Term Debt&Current Portion of Ltd	+67.7%	-39.8%	+54.3%	+4.5%	-72.8%	+53146.8%	-24.9%	-86.5%	+0.5%	—
Total Current Liabilities	-15.5%	+0.8%	-49.6%	+110.8%	+265.3%	+71.1%	+79.7%	+111.3%	+0.2%	—
Long Term Debt(noncurrent)	-1.6%	-3.4%	-7.7%	-2.5%	+505.3%	-28.7%	+48.9%	+175.1%	-7.6%	—
Operating Lease Liabilities(noncurrent Lessee)	-1.6%	+2.5%	-2.2%	+40.7%	+191.5%	—	—	—	—	—
Finance Lease Liabilities(noncurrent Lessee)	+1.1%	+1.2%	+1.5%	+1.0%	+1166.2%	+1.2%	—	—	—	—
Deferred Tax Liabilities	+27.5%	-89.7%	-11.2%	-4.7%	+491.9%	-1.5%	+22.7%	+83.1%	+13.0%	—
Unrecognized Tax Benefits(noncurrent)	-6.5%	-3.1%	-18.5%	+14.6%	—	—	—	—	—	—
Other Noncurrent Liabilities	+1.0%	+2.2%	-9.0%	-28.2%	+280.2%	+481.2%	+106.5%	+292.2%	-10.3%	—
Total Liabilities	-1.5%	-3.8%	-11.1%	+6.8%	+593.0%	-7.3%	+87.4%	+161.0%	-5.3%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	—	—	—	—	—	-100.0%	-100.0%	+30.6%	+0.3%	—
Additional Paid In Capital	-2.0%	+0.7%	+1.1%	+7.8%	+739.7%	+1.6%	+0.2%	+329.3%	+1.7%	—
Retained Earnings/Accumulated Deficit	-11.0%	+23.8%	-37.3%	-73.3%	-480.1%	+26.1%	+48.8%	+59.7%	+22.4%	—
Accumulated Other Comprehensive Income(loss)	-1.0%	+5.4%	+155.6%	+5.9%	—	-100.0%	-98.7%	+558.3%	+0.0%	—
Treasury Stock	-100.0%	+0.0%	-98.4%	+155.6%	+0.0%	-1.4%	—	—	—	—
Noncontrolling Interest(equity Section)	+30.4%	+342.1%	-37.7%	+238.9%	—	—	—	—	—	—
Total Stockholders' Equity	-8.7%	+22.6%	-17.1%	-10.7%	+349.1%	+8.5%	+9.3%	+218.1%	+10.2%	—
Total Liabilities and Stockholders' Equity	-2.3%	-0.5%	-11.8%	+4.5%	+545.0%	-4.6%	+66.7%	+174.1%	-2.3%	—

Income Statement

Revenue, expense, and profitability

24 accounts · 10 years

Revenue $11.2B

Operating income $2.3B

Net income $-278.0M

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IncomeStatement
Revenues Total net Revenue	-2.5%	+6.5%	+13.1%	+163.8%	+43.5%	+23.0%	+39.5%	+65.0%	+24.1%	—
Costs and Expenses Total Operating Costs&Expenses	-1.3%	-0.3%	+12.0%	+102.2%	+89.4%	+21.3%	+33.0%	+63.7%	+22.8%	—
Costs and Expenses Selling,General and Administrative Expense(sg&a)	-4.6%	-2.7%	+16.0%	+97.6%	+79.3%	+32.0%	+58.1%	+84.4%	+34.3%	—
Costs and Expenses Depreciation and Amortization	+5.0%	+4.6%	+7.0%	+93.1%	+162.6%	+41.4%	+48.3%	+66.9%	+11.5%	—
Costs and Expenses Impairment&Restructuring Charges	+217.9%	-12.0%	+5.9%	-52.6%	+21400.0%	-92.9%	-63.2%	—	—	—
Operating Income Operating Income(loss)	-6.8%	+42.2%	+19.1%	+481.2%	-193.4%	+32.3%	+227.0%	+6.9%	+22.1%	—
Non Operating Income Expense Interest Expense,Net	+1.8%	+4.0%	-0.7%	+91.3%	+324.1%	+66.3%	+72.4%	+95.9%	-17.3%	—
Non Operating Income Expense Interest Income	-8.3%	+0.0%	-25.0%	+60.0%	—	—	—	—	—	—
Non Operating Income Expense Other Non Operating Income(expense)	+170.0%	-78.3%	+123.2%	-212.5%	+1855.6%	+400.0%	+97.8%	-170.6%	-83.0%	—
Income Before Tax Income Before Income Taxes(continuing Operations)	-106.7%	+89.4%	+55.5%	+21.0%	-1384.8%	-7.4%	+411.1%	-215.3%	-15.8%	—
Income Tax Income Tax Expense(benefit)	+109.8%	-2065.9%	+85.5%	-314.4%	+200.0%	+10.0%	+134.3%	-991.3%	+118.8%	—
Income From Continuing Operations	-135.4%	+253.2%	+48.1%	+43.1%	-2244.4%	-14.7%	—	—	—	—
Income From Discontinued Operations	—	+100.0%	-1186.7%	-50.0%	—	—	—	—	—	—
net Income net Income(loss)	-135.4%	+187.4%	+11.8%	+42.0%	-2269.1%	-14.7%	+29.5%	+199.2%	-78.5%	—
net Income net Income(loss)Attributable To Noncontrolling Interest	+59.5%	+481.8%	-466.7%	+400.0%	—	—	—	—	—	—
Earnings Per Share Basic Eps(continuing Operations)	-135.3%	+252.7%	+49.0%	+64.9%	-1383.7%	—	—	+5700.0%	-99.2%	—
Earnings Per Share Diluted Eps(continuing Operations)	-135.4%	+252.3%	+49.0%	+64.9%	-1396.1%	—	—	—	—	—
Earnings Per Share Basic Eps(net Income)	-135.3%	+187.1%	+13.3%	+64.2%	-1398.1%	-15.4%	+12.8%	+109.6%	-78.8%	—
Earnings Per Share Diluted Eps(net Income)	-135.4%	+186.9%	+13.3%	+64.2%	-1410.7%	-15.6%	+13.0%	+111.8%	-79.0%	—
Earnings Per Share Weighted Average Shares Basic	+0.0%	+0.5%	+1.4%	+62.3%	+66.7%	+1.3%	+14.7%	+42.7%	+1.0%	—
Earnings Per Share Weighted Average Shares Diluted	-0.5%	+0.9%	+1.4%	+62.3%	+64.6%	+1.3%	+14.5%	+42.8%	+1.5%	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-120.0%	-90.9%	+5400.0%	-97.1%	—	—	-100.0%	—	—	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	-135.3%	+193.8%	+17.1%	+41.0%	-2227.2%	-14.7%	+29.3%	+199.5%	-78.5%	—
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interest	+59.5%	+450.0%	-700.0%	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

27 accounts · 10 years

Operating cash flow $1.1B

Investing cash flow $-704.0M

Financing cash flow $-498.0M

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CashFlow
Operating Activities net Income	-135.4%	+187.4%	+11.8%	+42.0%	-2269.1%	-14.7%	+29.5%	+199.2%	-78.5%	—
Operating Activities Depreciation and Amortization	+5.0%	+4.6%	+7.0%	+93.1%	+162.6%	+41.4%	+48.3%	+66.9%	+11.5%	—
Operating Activities Share Based Compensation	-9.6%	+3.0%	+23.2%	+3.8%	+295.0%	+53.8%	+105.6%	+89.2%	+124.5%	—
Operating Activities Provision For Doubtful Accounts	+19.5%	+64.0%	-3.8%	-10.3%	+2800.0%	-50.0%	+276.6%	+229.8%	+994.4%	—
Operating Activities Impairment Charges&Restructuring	+217.9%	-12.0%	+5.9%	-52.6%	+21400.0%	-92.9%	-63.2%	—	—	—
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	+55.5%	-135.3%	+64.0%	-19.8%	-497.4%	+6037.1%	-161.8%	+61.8%	-13833.3%	—
Operating Activities Other Non Cash Items	-42.5%	-29.8%	+612.5%	+300.0%	+166.7%	-400.0%	+276.4%	+36.5%	—	—
Operating Activities Increase/decrease In Accounts Receivable	-204.9%	-42.7%	+5.9%	+92.9%	+1500.0%	+16.7%	-131.4%	+292.1%	+264.9%	—
Operating Activities Increase/decrease In Other Operating Assets	+133.3%	-360.0%	-77.6%	+844.4%	+10.0%	—	-100.0%	-57.5%	+147.5%	—
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	-5100.0%	+112.2%	-117.0%	+1828.0%	-19.4%	+282.4%	-138.4%	-12.3%	-233.7%	—
Operating Activities net Cash From Operating Activities	-40.6%	+82.2%	-17.2%	+313.7%	-279.5%	-3.3%	+148.9%	+36.2%	+70.3%	—
Investing Activities Capital Expenditures(pp&e)	+2.5%	+32.8%	+83.1%	+217.1%	-4.1%	+16.3%	+76.8%	+92.6%	+17.4%	—
Investing Activities Acquisitions/Divestitures	-54.5%	+200.0%	-96.9%	-94.5%	—	—	-100.0%	—	—	—
Investing Activities Other Investing Activities	+100.0%	-700.0%	—	+100.0%	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	+43.9%	-63.5%	+47.0%	+76.3%	-1750.7%	+129.1%	+9.2%	-3240.8%	+74.0%	—
Financing Activities Proceeds From Debt	+37.8%	+264.0%	+14.7%	-86.6%	+29490.9%	-97.2%	+458.3%	+184.9%	-82.8%	—
Financing Activities Repayment of Debt	—	—	-100.0%	-59.4%	—	—	-100.0%	+21355.9%	-99.4%	—
Financing Activities Proceeds From Issuance of Stock	—	-100.0%	-66.7%	+200.0%	—	—	-100.0%	+653.2%	+118.1%	—
Financing Activities Repurchase of Stock	—	—	—	—	—	-100.0%	—	—	—	—
Financing Activities Payments Related To Tax Withholding For Share Based Comp	-37.0%	+0.0%	-40.0%	+181.2%	+100.0%	-33.3%	+5.6%	+1427.6%	—	—
Financing Activities Payments/proceeds Related To Noncontrolling Interests	+433.3%	+0.0%	+50.0%	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	+30.2%	+44.4%	-12.4%	-110.7%	+1594.5%	-168.2%	-22.7%	+1934.0%	-179.5%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	+100.0%	-190.6%	-75.2%	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	+20.6%	+77.7%	+68.2%	-155.6%	+13643.3%	-130.3%	+17.4%	+519.3%	-63.6%	—
Supplemental Disclosures Income Taxes Paid	+84.6%	+18.2%	+144.4%	+228.6%	-113.7%	+1375.0%	-1726.0%	+114.8%	—	—
Supplemental Disclosures Interest Paid	+24.3%	+5.1%	-3.1%	-6.8%	+222.0%	+66.9%	+96.2%	+77.4%	-39.1%	—
Supplemental Disclosures Non Cash Investing&Financing Activities	-75.6%	-4.7%	+230.8%	-65.8%	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+20.5%	+21.4%	+16.1%	+15.3%	-10.6%	+16.2%	+15.1%	+6.4%	+9.9%	+10.1%
Net margin	-2.5%	+6.8%	-8.3%	-10.6%	-48.4%	+3.2%	+4.6%	+5.0%	+2.7%	+15.9%
FCF margin	-2.0%	+4.7%	+0.4%	+7.1%	-20.0%	+5.6%	+8.6%	+3.2%	+5.8%	+2.7%
Growth
Revenue CAGR (3y)	+5.5%	+47.0%	+62.4%	+67.0%	+35.0%	+41.5%	+41.9%	+59.7%	+53.4%	+34.4%
Returns
ROE	-6.7%	+17.3%	-24.2%	-22.7%	-35.0%	+7.3%	+9.2%	+7.8%	+8.3%	+42.6%
ROA	-0.9%	+2.4%	-2.7%	-2.7%	-4.8%	+1.4%	+1.6%	+2.1%	+1.9%	+8.6%
ROIC	+14.9%	+15.6%	+11.3%	+8.5%	-2.2%	+7.6%	+5.4%	+3.2%	+5.6%	+6.9%
Liquidity
Current ratio	0.77x	0.76x	0.79x	1.13x	2.41x	0.88x	1.43x	1.12x	0.96x	1.10x
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	6.79x	6.29x	8.02x	7.48x	6.25x	4.05x	4.74x	2.77x	3.37x	3.93x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.35x	0.35x	0.32x	0.25x	0.10x	0.45x	0.35x	0.42x	0.69x	0.54x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Caesars Entertainment

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