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 · 3 years

Total assets $32.6B

Total liabilities $28.2B

Shareholders equity $4.2B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	-13.8%	-3.2%	—
Accounts Receivable(net Casino&Other)	-22.7%	-0.5%	—
Inventory(net)	-2.2%	-22.0%	—
Total Current Assets	-14.6%	-2.7%	—
Property,Plant&Equipment(net)	+0.4%	+1.1%	—
Operating Lease Right of Use Asset(lessee)	-2.9%	-2.7%	—
Finance Lease Right of Use Asset(lessee)	-13.0%	-5.5%	—
Equity Method Investments	-16.6%	+67.0%	—
Goodwill	-3.5%	-0.1%	—
Other Intangible Assets(net)	-9.5%	-10.8%	—
Deferred Tax Assets	+31.9%	—	—
Other Noncurrent Assets	+30.2%	-16.5%	—
Total Assets	-2.3%	-0.5%	—
Liabilities
Accounts Payable	-27.5%	+29.9%	—
Accrued Liabilities	-12.1%	-4.1%	—
Contract Liabilities/Customer Deposits	-21.0%	+0.3%	—
Short Term Debt&Current Portion of Ltd	+67.7%	-39.8%	—
Total Current Liabilities	-15.5%	+0.8%	—
Long Term Debt(noncurrent)	-1.6%	-3.4%	—
Operating Lease Liabilities(noncurrent Lessee)	-1.6%	+2.5%	—
Finance Lease Liabilities(noncurrent Lessee)	+1.1%	+1.2%	—
Deferred Tax Liabilities	+27.5%	-89.7%	—
Unrecognized Tax Benefits(noncurrent)	-6.5%	-3.1%	—
Other Noncurrent Liabilities	+1.0%	+2.2%	—
Total Liabilities	-1.5%	-3.8%	—
Equity
Preferred Stock	—	—	—
Common Stock	—	—	—
Additional Paid In Capital	-2.0%	+0.7%	—
Retained Earnings/Accumulated Deficit	-11.0%	+23.8%	—
Accumulated Other Comprehensive Income(loss)	-1.0%	+5.4%	—
Treasury Stock	-100.0%	+0.0%	—
Noncontrolling Interest(equity Section)	+30.4%	+342.1%	—
Total Stockholders' Equity	-8.7%	+22.6%	—
Total Liabilities and Stockholders' Equity	-2.3%	-0.5%	—

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	-2.5%	+6.5%	—
Costs and Expenses Total Operating Costs&Expenses	-1.3%	-0.3%	—
Costs and Expenses Selling,General and Administrative Expense(sg&a)	-4.6%	-2.7%	—
Costs and Expenses Depreciation and Amortization	+5.0%	+4.6%	—
Costs and Expenses Impairment&Restructuring Charges	+217.9%	-12.0%	—
Operating Income Operating Income(loss)	-6.8%	+42.2%	—
Non Operating Income Expense Interest Expense,Net	+1.8%	+4.0%	—
Non Operating Income Expense Interest Income	-8.3%	+0.0%	—
Non Operating Income Expense Other Non Operating Income(expense)	+170.0%	-78.3%	—
Income Before Tax Income Before Income Taxes(continuing Operations)	-106.7%	+89.4%	—
Income Tax Income Tax Expense(benefit)	+109.8%	-2065.9%	—
Income From Continuing Operations	-135.4%	+253.2%	—
Income From Discontinued Operations	—	+100.0%	—
net Income net Income(loss)	-135.4%	+187.4%	—
net Income net Income(loss)Attributable To Noncontrolling Interest	+59.5%	+481.8%	—
Earnings Per Share Basic Eps(continuing Operations)	-135.3%	+252.7%	—
Earnings Per Share Diluted Eps(continuing Operations)	-135.4%	+252.3%	—
Earnings Per Share Basic Eps(net Income)	-135.3%	+187.1%	—
Earnings Per Share Diluted Eps(net Income)	-135.4%	+186.9%	—
Earnings Per Share Weighted Average Shares Basic	+0.0%	+0.5%	—
Earnings Per Share Weighted Average Shares Diluted	-0.5%	+0.9%	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-120.0%	-90.9%	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	-135.3%	+193.8%	—
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interest	+59.5%	+450.0%	—

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	-135.4%	+187.4%	—
Operating Activities Depreciation and Amortization	+5.0%	+4.6%	—
Operating Activities Share Based Compensation	-9.6%	+3.0%	—
Operating Activities Provision For Doubtful Accounts	+19.5%	+64.0%	—
Operating Activities Impairment Charges&Restructuring	+217.9%	-12.0%	—
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	+55.5%	-135.3%	—
Operating Activities Other Non Cash Items	-42.5%	-29.8%	—
Operating Activities Increase/decrease In Accounts Receivable	-204.9%	-42.7%	—
Operating Activities Increase/decrease In Other Operating Assets	+133.3%	-360.0%	—
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	-5100.0%	+112.2%	—
Operating Activities net Cash From Operating Activities	-40.6%	+82.2%	—
Investing Activities Capital Expenditures(pp&e)	+2.5%	+32.8%	—
Investing Activities Acquisitions/Divestitures	-54.5%	+200.0%	—
Investing Activities Other Investing Activities	+100.0%	-700.0%	—
Investing Activities net Cash From Investing Activities	+43.9%	-63.5%	—
Financing Activities Proceeds From Debt	+37.8%	+264.0%	—
Financing Activities Repayment of Debt	—	—	—
Financing Activities Proceeds From Issuance of Stock	—	-100.0%	—
Financing Activities Repurchase of Stock	—	—	—
Financing Activities Payments Related To Tax Withholding For Share Based Comp	-37.0%	+0.0%	—
Financing Activities Payments/proceeds Related To Noncontrolling Interests	+433.3%	+0.0%	—
Financing Activities net Cash From Financing Activities	+30.2%	+44.4%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	+100.0%	—
Cash Reconciliation net Change In Cash	+20.6%	+77.7%	—
Supplemental Disclosures Income Taxes Paid	+84.6%	+18.2%	—
Supplemental Disclosures Interest Paid	+24.3%	+5.1%	—
Supplemental Disclosures Non Cash Investing&Financing Activities	-75.6%	-4.7%	—

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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Caesars Entertainment

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