Caesars Entertainment (CZR) Financials

$27.27 -0.22 (-0.80%)

Closing price 04:00 PM Eastern

Extended Trading

$27.36 +0.09 (+0.33%)

As of 07:00 PM Eastern

Annual Income Statements for Caesars Entertainment

This table shows Caesars Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-278	786	-899	-1,019	-1,757	81	95	73	25	114
Consolidated Net Income / (Loss)	-211	828	-910	-1,016	-1,758	81	95	73	25	114
Net Income / (Loss) Continuing Operations	-211	828	-524	-986	-1,738	81	95	73	25	114
Total Pre-Tax Income	-124	-60	-565	-1,269	-1,606	125	135	-43	38	45
Total Operating Income	2,304	2,472	1,739	1,460	-383	410	310	95	89	69
Total Gross Profit	5,826	6,133	5,420	4,923	1,922	1,285	964	719	354	298
Total Revenue	11,245	11,528	10,821	9,570	3,628	2,528	2,056	1,501	900	720
Operating Revenue	11,245	11,528	10,821	9,570	3,628	2,528	2,056	1,501	900	758
Total Cost of Revenue	5,419	5,395	5,401	4,647	1,706	1,243	1,092	782	547	421
Operating Cost of Revenue	5,419	5,395	5,401	4,647	1,706	1,243	1,092	782	547	421
Total Operating Expenses	3,522	3,661	3,681	3,463	2,305	875	654	624	265	229
Selling, General & Admin Expense	2,227	2,318	2,354	2,091	1,367	606	444	272	151	113
Depreciation Expense	1,324	1,261	1,205	1,126	583	222	157	106	63	57
Other Operating Expenses / (Income)	-331	-13	14	144	140	46	39	32	-	25
Impairment Charge	302	95	108	102	215	1.00	14	38	-	-
Total Other Income / (Expense), net	-2,428	-2,532	-2,304	-2,729	-1,223	-285	-175	-139	-51	-24
Interest Expense	89	200	85	236	197	294	172	138	51	63
Interest & Investment Income	-2,366	-2,342	-2,265	-2,295	-1,202	-	-	-0.37	-	3.46
Other Income / (Expense), net	27	10	46	-198	176	9.00	-3.00	0.00	-	36
Income Tax Expense	87	-888	-41	-283	132	44	40	-117	13	-70
Net Income / (Loss) Discontinued Operations	0.00	0.00	-386	-30	-20	0.00	0.00	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	67	42	-11	3.00	-1.00	0.00	0.00	-	-	-
Basic Earnings per Share	($1.29)	$3.65	($4.19)	($4.83)	($13.50)	$1.04	$1.23	$1.09	$0.52	$2.45
Weighted Average Basic Shares Outstanding	215M	215M	214M	211M	130M	78M	77M	67.13M	47.03M	46.55M
Diluted Earnings per Share	($1.29)	$3.64	($4.19)	($4.83)	($13.50)	$1.03	$1.22	$1.08	$0.51	$2.43
Weighted Average Diluted Shares Outstanding	215M	216M	214M	211M	130M	79M	78M	68.10M	47.70M	47.01M
Weighted Average Basic & Diluted Shares Outstanding	212.01M	216.30M	215.18M	214.12M	208.28M	77.80M	77.43M	67.13M	46.80M	46.60M

This table shows Caesars Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-115	11	-9.00	-122	-158	-72	74	920	-136	-148	52
Consolidated Net Income / (Loss)	-98	24	9.00	-102	-142	-56	92	928	-136	-162	53
Net Income / (Loss) Continuing Operations	-98	24	9.00	-102	-142	-56	92	928	-136	-162	53
Total Pre-Tax Income	-87	43	52	-92	-127	-40	139	26	-185	-156	61
Total Operating Income	488	669	644	506	485	536	724	609	603	488	659
Total Gross Profit	1,412	1,403	1,519	1,508	1,396	1,443	1,633	1,550	1,507	1,327	1,562
Total Revenue	2,794	2,799	2,874	2,830	2,742	2,825	2,994	2,879	2,830	2,821	2,887
Operating Revenue	2,794	2,799	2,874	2,830	2,742	2,825	2,994	2,879	2,830	2,821	2,887
Total Cost of Revenue	1,382	1,396	1,355	1,322	1,346	1,382	1,361	1,329	1,323	1,494	1,325
Operating Cost of Revenue	1,382	1,396	1,355	1,322	1,346	1,382	1,361	1,329	1,323	1,494	1,325
Total Operating Expenses	924	734	875	1,002	911	907	909	941	904	839	903
Selling, General & Admin Expense	565	550	554	545	578	543	602	585	588	601	592
Depreciation Expense	357	345	326	326	327	318	320	323	300	295	304
Other Operating Expenses / (Income)	2.00	-345	-5.00	13	6.00	-49	-13	33	16	-165	7.00
Total Other Income / (Expense), net	-575	-626	-592	-598	-612	-576	-585	-583	-788	-644	-598
Interest Expense	0.00	38	0.00	3.00	48	-	3.00	0.00	197	52	33
Interest & Investment Income	-574	-586	-596	-594	-590	-581	-581	-586	-594	-585	-569
Other Income / (Expense), net	-1.00	-2.00	4.00	-1.00	26	5.00	-1.00	3.00	3.00	-7.00	4.00
Income Tax Expense	11	19	43	10	15	16	47	-902	-49	6.00	8.00
Net Income / (Loss) Attributable to Noncontrolling Interest	17	13	18	20	16	16	18	8.00	0.00	-14	1.00
Basic Earnings per Share	($0.54)	$0.04	($0.04)	($0.56)	($0.73)	($0.33)	$0.34	$4.27	($0.63)	($0.68)	$0.24
Weighted Average Basic Shares Outstanding	212M	215M	215M	216M	216M	215M	215M	215M	215M	214M	214M
Diluted Earnings per Share	($0.54)	$0.04	($0.04)	($0.56)	($0.73)	($0.33)	$0.34	$4.26	($0.63)	($0.68)	$0.24
Weighted Average Diluted Shares Outstanding	212M	215M	215M	216M	216M	216M	216M	216M	215M	214M	215M
Weighted Average Basic & Diluted Shares Outstanding	207.97M	212.01M	212.48M	216.34M	216.42M	216.30M	215.71M	215.29M	215.20M	215.18M	214.57M

This table details how cash moves in and out of Caesars Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-127	-160	-718	-2,259	4,063	-30	99	84	-20	-9.33
Net Cash From Operating Activities	1,075	1,809	993	1,199	-561	313	323	130	95	92
Net Cash From Continuing Operating Activities	1,075	1,809	993	1,199	-561	313	323	130	95	57
Net Income / (Loss) Continuing Operations	-211	828	-910	-1,016	-1,758	81	95	73	25	114
Consolidated Net Income / (Loss)	-211	828	-910	-1,016	-1,758	81	95	73	25	114
Depreciation Expense	1,324	1,261	1,205	1,126	583	222	157	106	63	57
Amortization Expense	205	251	351	386	170	21	9.00	6.29	3.52	-4.37
Non-Cash Adjustments To Reconcile Net Income	145	417	634	692	359	-26	32	84	4.55	0.06
Changes in Operating Assets and Liabilities, net	-388	-948	-287	11	85	15	30	-140	-0.67	-74
Net Cash From Investing Activities	-704	-1,256	-768	-1,448	-6,100	369	-1,268	-1,397	-42	-159
Net Cash From Continuing Investing Activities	-704	-1,256	-768	-1,448	-6,100	369	-1,268	-1,397	-42	-159
Purchase of Property, Plant & Equipment	-1,296	-1,264	-952	-520	-164	-171	-147	-83	-43	-37
Acquisitions	-15	-33	-11	-1,937	-6,350	-1.00	-1.00	-1,314	-	-1.01
Sale of Property, Plant & Equipment	554	1.00	39	-	-	-	-	0.14	1.56	0.15
Sale and/or Maturity of Investments	14	4.00	126	239	25	5.00	0.00	0.00	-	-
Other Investing Activities, net	39	36	30	44	23	0.00	-1,113	-	-0.19	-121
Net Cash From Financing Activities	-498	-713	-1,282	-1,141	10,641	-712	1,044	1,351	-74	1,713
Net Cash From Continuing Financing Activities	-498	-713	-1,282	-1,141	10,641	-712	1,044	1,351	-74	93
Repayment of Debt	-7,791	-6,185	-2,750	-2,400	-5,001	-737	-96	-1,201	-146	-149
Repurchase of Common Equity	-191	0.00	0.00	-	-	-	-9.00	0.00	-	-
Payment of Dividends	-16	-3.00	-3.00	-2.00	0.00	0.00	-	-	-	-
Issuance of Debt	7,525	5,460	1,500	1,308	9,765	33	1,161	2,560	73	1,862
Issuance of Common Equity	0.00	116	1.00	3.00	2,718	0.00	0.00	-	-	-
Other Financing Activities, net	-25	-101	-30	-50	3,159	-8.00	-12	-8.47	-0.36	-
Effect of Exchange Rate Changes	0.00	0.00	-29	32	129	0.00	0.00	-	-	-
Other Net Changes in Cash	0.00	0.00	368	-901	-46	0.00	0.00	-	-	-
Cash Interest Paid	2,376	2,132	2,010	1,923	892	277	166	85	48	78
Cash Income Taxes Paid	48	26	22	9.00	-7.00	51	-4.00	0.25	-1.66	1.20

This table details how cash moves in and out of Caesars Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7.00	90	-33	94	-278	128	-312	104	-80	62	-303
Net Cash From Operating Activities	218	309	232	454	80	508	348	779	174	524	353
Net Cash From Continuing Operating Activities	218	309	232	454	80	508	348	779	174	524	353
Net Income / (Loss) Continuing Operations	-98	24	9.00	-102	-142	-56	92	928	-136	-162	53
Consolidated Net Income / (Loss)	-98	24	9.00	-102	-142	-56	92	928	-136	-162	53
Depreciation Expense	357	345	326	326	327	318	320	323	300	295	304
Amortization Expense	50	56	47	50	52	51	65	65	70	75	94
Non-Cash Adjustments To Reconcile Net Income	40	-91	20	158	58	74	40	68	235	211	58
Changes in Operating Assets and Liabilities, net	-131	-25	-170	22	-215	121	-169	-605	-295	105	-156
Net Cash From Investing Activities	-206	275	-387	-328	-264	-375	-337	-313	-231	-218	-237
Net Cash From Continuing Investing Activities	-206	275	-387	-328	-264	-375	-337	-313	-231	-218	-237
Purchase of Property, Plant & Equipment	-223	-279	-424	-329	-264	-369	-322	-301	-272	-235	-246
Other Investing Activities, net	17	-	39	-	0.00	-4.00	-	-	40	-6.00	3.00
Net Cash From Financing Activities	-19	-494	122	-32	-94	-5.00	-323	-362	-23	-244	-887
Net Cash From Continuing Financing Activities	-19	-494	122	-32	-94	-5.00	-323	-362	-23	-244	-887
Repayment of Debt	-307	-1,876	-427	-583	-4,905	-176	-726	-574	-4,709	-989	-883
Payment of Dividends	-10	-	-2.00	-	-	-2.00	-	-	-	-3.00	-
Issuance of Debt	315	1,435	695	570	4,825	160	460	140	4,700	750	-
Other Financing Activities, net	-17	-3.00	-3.00	-5.00	-14	-3.00	-80	-4.00	-14	-3.00	-4.00
Cash Interest Paid	546	507	684	528	657	424	667	426	615	439	585
Cash Income Taxes Paid	0.00	11	17	17	3.00	3.00	12	9.00	2.00	4.00	4.00

This table presents Caesars Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	32,590	33,366	33,527	38,031	36,385	5,641	5,911	3,546	1,294	1,325
Total Current Assets	1,747	2,045	2,102	5,964	6,063	605	573	251	102	116
Cash & Equivalents	866	1,005	1,038	1,070	1,776	206	231	135	61	78
Restricted Cash	95	122	131	319	2,021	4.00	25	3.27	2.41	5.27
Accounts Receivable	470	608	611	472	386	58	60	46	15	9.98
Inventories, net	45	46	59	42	44	18	21	17	11	12
Prepaid Expenses	271	264	263	290	253	66	48	28	12	11
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	2,615	2,883	1,503	612	625
Total Noncurrent Assets	30,843	31,321	31,425	32,067	30,322	2,421	2,456	1,793	580	583
Long-Term Investments	131	157	94	158	173	136	1.89	-	-	1.29
Goodwill	10,601	10,990	11,004	11,076	9,864	910	1,008	747	67	67
Intangible Assets	4,133	4,523	4,714	4,920	4,283	1,111	1,362	997	487	492
Noncurrent Deferred & Refundable Income Taxes	62	47	0.00	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	15,916	15,604	15,613	15,913	16,002	264	83	49	26	23
Total Liabilities & Shareholders' Equity	32,590	33,366	33,527	38,031	36,385	5,641	5,911	3,546	1,294	1,325
Total Liabilities	28,214	28,646	29,776	33,490	31,351	4,524	4,882	2,605	996	1,054
Total Current Liabilities	2,272	2,690	2,668	5,297	2,513	688	402	224	102	106
Short-Term Debt	109	65	108	70	67	246	0.46	0.62	4.55	4.52
Accounts Payable	296	408	314	254	167	62	59	35	22	17
Accrued Expenses	1,625	1,848	1,928	1,973	1,263	307	103	66	46	51
Other Current Nonoperating Liabilities	242	369	318	3,000	1,016	73	53	26	15	15
Total Noncurrent Liabilities	25,942	25,956	27,108	28,193	28,838	3,836	4,480	2,381	894	949
Long-Term Debt	12,033	12,224	12,659	13,722	14,073	2,325	3,261	2,190	796	862
Noncurrent Deferred & Payable Income Tax Liabilities	130	102	987	1,111	1,166	197	200	163	90	79
Other Noncurrent Operating Liabilities	13,779	13,630	13,462	13,360	13,599	343	59	29	7.29	8.12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,376	4,720	3,751	4,541	5,034	1,117	1,029	942	298	271
Total Preferred & Common Equity	4,157	4,552	3,713	4,480	5,016	1,117	1,029	942	298	271
Preferred Stock	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Total Common Equity	4,157	4,552	3,713	4,480	5,016	1,117	1,029	942	298	271
Common Stock	6,862	7,001	6,953	6,877	6,382	760	748	747	174	171
Retained Earnings	-2,801	-2,523	-3,309	-2,410	-1,391	366	290	195	125	100
Treasury Stock	0.00	-23	-	-23	-9.00	-9.00	-9.13	-	-	-
Accumulated Other Comprehensive Income / (Loss)	96	97	92	36	34	0.00	0.00	0.08	0.01	0.01
Noncontrolling Interest	219	168	38	61	18	0.00	-	-	-	-

This table presents Caesars Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	32,398	32,590	32,969	33,084	33,059	33,366	33,229	33,478	33,349	33,527	33,594
Total Current Assets	1,786	1,747	1,900	1,823	1,737	2,045	1,860	2,127	2,011	2,102	1,936
Cash & Equivalents	884	866	802	830	726	1,005	841	1,122	965	1,038	944
Restricted Cash	102	95	101	111	126	122	130	126	155	131	136
Accounts Receivable	440	470	469	546	551	608	555	526	543	611	506
Inventories, net	43	45	43	45	44	46	45	53	57	59	46
Prepaid Expenses	317	271	485	291	290	264	289	300	291	263	304
Plant, Property, & Equipment, net	14,666	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14,608	0.00	14,592
Total Noncurrent Assets	15,946	30,843	31,069	31,261	31,322	31,321	31,369	31,351	16,730	31,425	17,066
Long-Term Investments	109	131	131	157	157	157	91	91	91	94	96
Goodwill	10,601	10,601	10,949	10,949	10,990	10,990	11,004	11,004	11,004	11,004	11,082
Intangible Assets	4,100	4,133	4,211	4,403	4,487	4,523	4,640	4,661	4,678	4,714	4,779
Noncurrent Deferred & Refundable Income Taxes	65	62	56	54	48	47	50	46	-	0.00	-
Other Noncurrent Operating Assets	1,071	15,916	15,722	15,698	15,640	15,604	15,584	15,549	957	15,613	1,109
Total Liabilities & Shareholders' Equity	32,398	32,590	32,969	33,084	33,059	33,366	33,229	33,478	33,349	33,527	33,594
Total Liabilities	28,119	28,214	28,585	28,589	28,471	28,646	28,487	28,811	29,714	29,776	29,702
Total Current Liabilities	2,138	2,272	2,267	2,611	2,535	2,690	2,561	2,717	2,377	2,668	2,426
Short-Term Debt	110	109	102	100	94	65	65	68	68	108	70
Accounts Payable	246	296	268	436	439	408	371	299	285	314	300
Accrued Expenses	1,548	1,625	1,702	1,763	1,729	1,848	1,879	1,981	1,772	1,928	1,827
Other Current Nonoperating Liabilities	234	242	195	312	273	369	246	369	252	318	229
Total Noncurrent Liabilities	25,981	25,942	26,318	25,978	25,936	25,956	25,926	26,094	27,337	27,108	27,276
Long-Term Debt	12,046	12,033	12,434	12,162	12,171	12,224	12,230	12,480	12,904	12,659	12,857
Noncurrent Deferred & Payable Income Tax Liabilities	126	130	141	115	112	102	99	68	931	987	982
Other Noncurrent Operating Liabilities	13,809	13,779	13,743	13,701	13,653	13,630	13,597	13,546	13,502	13,462	13,437
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,279	4,376	4,384	4,495	4,588	4,720	4,742	4,667	3,635	3,751	3,892
Total Preferred & Common Equity	4,053	4,157	4,178	4,305	4,404	4,552	4,604	4,545	3,597	3,713	3,838
Total Common Equity	4,053	4,157	4,178	4,305	4,404	4,552	4,604	4,545	0.00	3,713	3,838
Other Equity Adjustments	4,053	-	4,178	4,305	4,404	-	4,604	4,545	-	-23	3,838
Noncontrolling Interest	226	219	206	190	184	168	138	122	38	38	54

This table displays calculated financial ratios and metrics derived from Caesars Entertainment's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.45%	6.53%	13.07%	163.78%	43.51%	22.96%	0.00%	66.67%	25.10%	98.93%
EBITDA Growth	-3.36%	19.55%	20.44%	408.06%	-17.52%	39.96%	128.11%	33.20%	-0.97%	274.73%
EBIT Growth	-6.08%	39.05%	41.44%	709.66%	-149.40%	36.48%	222.56%	7.30%	-15.23%	572.26%
NOPAT Growth	-6.80%	42.15%	19.11%	481.20%	-200.91%	21.79%	228.70%	15.23%	-67.29%	1,600.65%
Net Income Growth	-125.48%	190.99%	10.43%	42.21%	-2,270.37%	-14.74%	0.00%	199.18%	-78.52%	897.26%
EPS Growth	-135.44%	186.87%	13.25%	64.22%	-1,410.68%	-15.57%	0.00%	111.76%	-79.01%	606.25%
Operating Cash Flow Growth	-40.57%	82.18%	-17.18%	313.73%	-279.23%	-3.10%	0.00%	36.19%	3.31%	192.08%
Free Cash Flow Firm Growth	68.58%	-27.11%	566.10%	96.70%	-178.54%	-220.10%	270.78%	-2,620.46%	262.85%	92.83%
Invested Capital Growth	-2.65%	3.35%	-2.76%	9.41%	254.15%	0.00%	-100.00%	185.88%	-1.59%	26.38%
Revenue Q/Q Growth	-0.23%	0.03%	22.98%	-7.59%	37.68%	-2.87%	-58.54%	18.65%	3.19%	3.16%
EBITDA Q/Q Growth	4.27%	1.50%	0.94%	65.32%	388.39%	-0.21%	19.82%	22.42%	0.72%	39.83%
EBIT Q/Q Growth	5.71%	2.48%	-15.64%	118.72%	22.45%	-4.40%	21.33%	22.10%	-0.32%	66.45%
NOPAT Q/Q Growth	6.13%	1.98%	26.66%	13.35%	-39.39%	-8.66%	-41.56%	22.10%	-64.31%	301.74%
Net Income Q/Q Growth	27.49%	14.68%	22.95%	10.88%	-44.79%	-13.66%	-48.45%	593.34%	-81.70%	1,778.17%
EPS Q/Q Growth	22.29%	10.64%	0.00%	0.00%	-38.32%	-14.17%	-52.71%	500.00%	-82.04%	1,072.00%
Operating Cash Flow Q/Q Growth	-15.62%	-0.88%	-40.47%	313.73%	-279.23%	425.59%	0.40%	37.08%	-33.79%	191.01%
Free Cash Flow Firm Q/Q Growth	22.84%	-10.27%	-19.38%	-205.84%	10.19%	-2,572.95%	697.76%	-10.87%	4,203.89%	0.00%
Invested Capital Q/Q Growth	-2.57%	-0.78%	-1.88%	-5.62%	-8.24%	-0.40%	-100.00%	7.14%	0.30%	20.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.81%	53.20%	50.09%	51.44%	52.98%	50.83%	46.89%	47.93%	39.28%	41.44%
EBITDA Margin	34.33%	34.65%	30.88%	28.99%	15.05%	26.19%	23.01%	13.82%	17.29%	21.84%
Operating Margin	20.49%	21.44%	16.07%	15.26%	-10.56%	16.22%	15.08%	6.34%	9.85%	9.59%
EBIT Margin	20.73%	21.53%	16.50%	13.19%	-5.71%	16.57%	14.93%	6.34%	9.85%	14.54%
Profit (Net Income) Margin	-1.88%	7.18%	-8.41%	-10.62%	-48.46%	3.20%	4.62%	4.89%	2.72%	15.86%
Tax Burden Percent	170.16%	-1,380.00%	161.06%	80.06%	109.46%	64.80%	70.37%	-169.12%	65.18%	256.00%
Interest Burden Percent	-5.32%	-2.42%	-31.65%	-100.55%	775.85%	29.83%	43.97%	-45.59%	42.42%	42.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	35.20%	29.63%	0.00%	34.82%	-156.00%
Return on Invested Capital (ROIC)	10.16%	10.93%	7.71%	6.67%	-2.86%	12.86%	14.53%	3.29%	5.46%	18.50%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.94%	3.15%	-10.56%	-12.67%	-26.47%	0.61%	2.58%	3.77%	1.16%	10.09%
Return on Net Nonoperating Assets (RNNOA)	-14.79%	8.62%	-29.66%	-27.89%	-54.30%	1.65%	5.64%	8.55%	3.16%	35.58%
Return on Equity (ROE)	-4.64%	19.55%	-21.95%	-21.22%	-57.16%	14.50%	20.18%	11.84%	8.62%	54.08%
Cash Return on Invested Capital (CROIC)	12.84%	7.64%	10.51%	-2.32%	-114.78%	-187.14%	214.53%	-93.05%	7.07%	-4.81%
Operating Return on Assets (OROA)	7.07%	7.42%	4.99%	3.39%	-0.99%	14.86%	17.31%	3.93%	6.77%	8.38%
Return on Assets (ROA)	-0.64%	2.48%	-2.54%	-2.73%	-8.37%	2.87%	5.36%	3.03%	1.87%	9.15%
Return on Common Equity (ROCE)	-4.44%	19.07%	-21.69%	-21.05%	-56.99%	14.50%	20.18%	11.84%	8.62%	54.06%
Return on Equity Simple (ROE_SIMPLE)	-5.08%	18.19%	-24.51%	-22.68%	-35.05%	7.25%	0.00%	7.79%	8.22%	42.19%
Net Operating Profit after Tax (NOPAT)	1,613	1,730	1,217	1,022	-268	266	218	67	58	177
NOPAT Margin	14.34%	15.01%	11.25%	10.68%	-7.39%	10.51%	10.61%	4.44%	6.42%	24.56%
Net Nonoperating Expense Percent (NNEP)	16.09%	7.78%	18.26%	19.34%	23.61%	12.25%	11.95%	-0.48%	4.30%	8.41%
Return On Investment Capital (ROIC_SIMPLE)	9.76%	10.17%	7.37%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	48.19%	46.80%	49.91%	48.56%	47.02%	49.17%	53.11%	52.07%	60.72%	58.56%
SG&A Expenses to Revenue	19.80%	20.11%	21.75%	21.85%	37.68%	23.97%	21.60%	18.11%	16.72%	15.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.32%	31.76%	34.02%	36.19%	63.53%	34.61%	31.81%	41.59%	29.42%	31.85%
Earnings before Interest and Taxes (EBIT)	2,331	2,482	1,785	1,262	-207	419	307	95	89	105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,860	3,994	3,341	2,774	546	662	473	207	156	157
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.73	2.22	2.40	4.46	3.08	4.15	0.00	2.70	2.68	1.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.64	0.88	0.82	2.09	4.26	1.83	1.36	1.70	0.89	0.71
Price to Earnings (P/E)	0.00	12.83	0.00	0.00	0.00	57.26	29.50	34.71	32.55	4.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	7.79%	0.00%	0.00%	0.00%	1.75%	3.39%	2.88%	3.07%	22.35%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.32	1.31	2.02	1.75	1.90	0.00	1.53	1.46	1.21
Enterprise Value to Revenue (EV/Rev)	1.64	1.84	1.89	3.38	7.07	3.10	1.36	3.05	1.71	1.80
Enterprise Value to EBITDA (EV/EBITDA)	4.78	5.32	6.13	11.64	46.99	11.83	5.92	22.09	9.86	8.22
Enterprise Value to EBIT (EV/EBIT)	7.92	8.57	11.47	25.59	0.00	18.70	9.13	48.14	17.31	12.35
Enterprise Value to NOPAT (EV/NOPAT)	11.45	12.29	16.81	31.61	0.00	29.49	12.85	68.77	26.56	7.31
Enterprise Value to Operating Cash Flow (EV/OCF)	17.17	11.75	20.61	26.94	0.00	25.03	8.68	35.27	16.10	14.00
Enterprise Value to Free Cash Flow (EV/FCFF)	9.05	17.58	12.34	0.00	0.00	0.00	0.87	0.00	20.53	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.77	2.60	3.40	3.04	2.81	3.17	0.00	2.33	2.68	3.20
Long-Term Debt to Equity	2.75	2.59	3.37	3.02	2.80	2.95	0.00	2.33	2.67	3.18
Financial Leverage	2.49	2.74	2.81	2.20	2.05	2.70	2.19	2.27	2.72	3.53
Leverage Ratio	7.25	7.90	8.63	7.77	6.83	5.05	3.77	3.90	4.60	5.91
Compound Leverage Factor	-0.39	-0.19	-2.73	-7.82	53.01	1.51	1.66	-1.78	1.95	2.52
Debt to Total Capital	73.51%	72.25%	77.29%	75.23%	73.75%	76.02%	0.00%	69.93%	72.84%	76.19%
Short-Term Debt to Total Capital	0.66%	0.38%	0.65%	0.38%	0.35%	5.28%	0.00%	0.02%	0.41%	0.40%
Long-Term Debt to Total Capital	72.85%	71.87%	76.64%	74.85%	73.40%	70.74%	0.00%	69.91%	72.43%	75.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.33%	0.99%	0.23%	0.33%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.17%	26.76%	22.48%	24.44%	26.16%	23.98%	0.00%	30.07%	27.16%	23.81%
Debt to EBITDA	3.15	3.08	3.82	4.97	25.90	5.35	0.00	10.56	5.14	5.51
Net Debt to EBITDA	2.86	2.76	3.44	4.41	18.63	4.83	0.00	9.81	4.73	4.97
Long-Term Debt to EBITDA	3.12	3.06	3.79	4.95	25.77	4.98	0.00	10.56	5.11	5.48
Debt to NOPAT	7.53	7.10	10.49	13.50	-52.74	13.33	0.00	32.87	13.84	4.90
Net Debt to NOPAT	6.85	6.36	9.45	11.98	-37.93	12.03	0.00	30.54	12.75	4.42
Long-Term Debt to NOPAT	7.46	7.06	10.40	13.43	-52.49	12.41	0.00	32.86	13.77	4.87
Altman Z-Score	0.59	0.67	0.52	0.65	0.44	1.38	0.00	1.18	1.54	1.21
Noncontrolling Interest Sharing Ratio	4.25%	2.43%	1.19%	0.83%	0.29%	0.00%	0.00%	0.00%	0.00%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.77	0.76	0.79	1.13	2.41	0.88	0.00	1.12	1.00	1.10
Quick Ratio	0.59	0.60	0.62	0.29	0.86	0.38	0.00	0.89	0.74	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,039	1,209	1,659	-356	-10,772	-3,867	3,220	-1,885	75	-46
Operating Cash Flow to CapEx	144.88%	143.23%	108.76%	230.58%	-342.07%	183.04%	219.73%	156.44%	229.19%	252.16%
Free Cash Flow to Firm to Interest Expense	22.91	6.05	19.52	-1.51	-54.68	-13.15	18.72	-13.64	1.46	-0.72
Operating Cash Flow to Interest Expense	12.08	9.05	11.68	5.08	-2.85	1.06	1.88	0.94	1.87	1.45
Operating Cash Flow Less CapEx to Interest Expense	3.74	2.73	0.94	2.88	-3.68	0.48	1.02	0.34	1.05	0.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.34	0.30	0.26	0.17	0.90	1.16	0.62	0.69	0.58
Accounts Receivable Turnover	20.86	18.91	19.98	22.31	16.34	0.00	0.00	49.42	72.99	82.47
Inventory Turnover	119.10	102.76	106.95	108.07	55.03	0.00	0.00	55.97	47.97	44.42
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.42	1.46	1.33
Accounts Payable Turnover	15.39	14.94	19.02	22.08	14.90	0.00	0.00	27.74	28.35	29.04
Days Sales Outstanding (DSO)	17.50	19.30	18.27	16.36	22.33	0.00	0.00	7.39	5.00	4.43
Days Inventory Outstanding (DIO)	3.06	3.55	3.41	3.38	6.63	0.00	0.00	6.52	7.61	8.22
Days Payable Outstanding (DPO)	23.71	24.42	19.19	16.53	24.50	0.00	0.00	13.16	12.88	12.57
Cash Conversion Cycle (CCC)	-3.15	-1.57	2.49	3.21	4.47	0.00	0.00	0.75	-0.27	0.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,668	16,094	15,573	16,015	14,637	4,133	0.00	3,002	1,050	1,067
Invested Capital Turnover	0.71	0.73	0.69	0.62	0.39	1.22	1.37	0.74	0.85	0.75
Increase / (Decrease) in Invested Capital	-426	521	-442	1,378	10,504	4,133	-3,002	1,952	-17	223
Enterprise Value (EV)	18,460	21,261	20,468	32,300	25,657	7,834	2,802	4,581	1,535	1,292
Market Capitalization	7,191	10,088	8,926	19,994	15,469	4,638	2,802	2,547	798	511
Book Value per Share	$19.56	$21.10	$17.30	$20.96	$24.08	$14.36	$0.00	$12.26	$6.34	$5.83
Tangible Book Value per Share	($49.78)	($50.81)	($55.95)	($53.87)	($43.84)	($11.62)	$0.00	($10.44)	($5.43)	($6.21)
Total Capital	16,518	17,009	16,518	18,333	19,174	4,659	0.00	3,132	1,099	1,137
Total Debt	12,142	12,289	12,767	13,792	14,140	3,542	0.00	2,190	800	866
Total Long-Term Debt	12,033	12,224	12,659	13,722	14,073	3,296	0.00	2,190	796	862
Net Debt	11,050	11,005	11,504	12,245	10,170	3,196	0.00	2,035	737	781
Capital Expenditures (CapEx)	742	1,263	913	520	164	171	147	83	42	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,377	-1,707	-1,627	-652	-180	-47	0.00	-128	-59	-69
Debt-free Net Working Capital (DFNWC)	-416	-580	-458	737	3,617	163	0.00	28	4.26	15
Net Working Capital (NWC)	-525	-645	-566	667	3,550	-83	0.00	27	-0.29	10
Net Nonoperating Expense (NNE)	1,824	902	2,127	2,038	1,490	185	123	-6.76	33	63
Net Nonoperating Obligations (NNO)	11,292	11,374	11,822	11,474	9,603	3,016	0.00	2,060	752	796
Total Depreciation and Amortization (D&A)	1,529	1,512	1,556	1,512	753	243	166	112	67	53
Debt-free, Cash-free Net Working Capital to Revenue	-12.25%	-14.81%	-15.04%	-6.81%	-4.96%	-1.86%	0.00%	-8.50%	-6.57%	-9.52%
Debt-free Net Working Capital to Revenue	-3.70%	-5.03%	-4.23%	7.70%	99.70%	6.45%	0.00%	1.86%	0.47%	2.08%
Net Working Capital to Revenue	-4.67%	-5.60%	-5.23%	6.97%	97.85%	-3.28%	0.00%	1.82%	-0.03%	1.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.29)	$3.65	($4.19)	($4.83)	($13.50)	$0.00	$1.23	$1.10	$0.53	$2.45
Adjusted Weighted Average Basic Shares Outstanding	215M	215M	214M	211M	130M	0.00	77.46M	67.13M	47.03M	46.55M
Adjusted Diluted Earnings per Share	($1.29)	$3.64	($4.19)	($4.83)	($13.50)	$0.00	$1.22	$1.09	$0.52	$2.43
Adjusted Weighted Average Diluted Shares Outstanding	215M	216M	214M	211M	130M	0.00	78.28M	68.10M	47.70M	47.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	212.01M	216.30M	215.18M	214.12M	208.28M	0.00	77.43M	77.24M	47.12M	46.85M
Normalized Net Operating Profit after Tax (NOPAT)	1,824	1,797	1,293	1,093	-118	266	228	158	64	50
Normalized NOPAT Margin	16.22%	15.59%	11.95%	11.43%	-3.24%	10.54%	11.09%	10.55%	7.15%	6.95%
Pre Tax Income Margin	-1.10%	-0.52%	-5.22%	-13.26%	-44.27%	4.94%	6.57%	-2.89%	4.18%	6.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.19	12.41	21.00	5.35	-1.05	1.43	1.78	0.69	1.74	1.65
NOPAT to Interest Expense	18.12	8.65	14.32	4.33	-1.36	0.90	1.27	0.48	1.13	2.78
EBIT Less CapEx to Interest Expense	17.85	6.10	10.26	3.14	-1.88	0.84	0.93	0.09	0.92	1.07
NOPAT Less CapEx to Interest Expense	9.78	2.34	3.58	2.13	-2.19	0.32	0.41	-0.12	0.32	2.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-7.58%	0.36%	-0.33%	-0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-98.10%	0.36%	-0.33%	-0.20%	0.00%	0.00%	9.47%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Caesars Entertainment's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.90%	-0.92%	-4.01%	-1.70%	-3.11%	0.14%	3.71%	2.06%	23.47%	253.07%	7.52%
EBITDA Growth	0.45%	17.36%	-7.85%	-11.90%	-8.81%	6.93%	4.43%	4.93%	231.97%	-22.35%	61.98%
EBIT Growth	-4.70%	23.29%	-10.37%	-17.48%	-15.68%	12.47%	9.05%	-5.41%	10,200.00%	-40.76%	74.93%
NOPAT Growth	0.62%	-0.48%	-76.74%	-98.37%	-19.57%	9.84%	-16.31%	8,726.24%	6,130.00%	300.00%	53.75%
Net Income Growth	30.99%	142.86%	-90.22%	-110.99%	-4.41%	65.43%	73.58%	866.94%	80.00%	62.59%	122.94%
EPS Growth	26.03%	112.12%	-111.76%	-113.15%	-15.87%	51.47%	41.67%	847.37%	80.19%	0.00%	121.82%
Operating Cash Flow Growth	172.50%	-39.17%	-33.33%	-41.72%	-54.02%	-3.05%	-1.42%	571.55%	0.00%	-56.30%	0.00%
Free Cash Flow Firm Growth	783.09%	648.28%	93.14%	-97.07%	-115.83%	-118.61%	-92.20%	2,730.46%	133.46%	160.62%	358.61%
Invested Capital Growth	-3.37%	-2.65%	-0.86%	-1.69%	3.00%	3.35%	2.20%	1.72%	-2.47%	-2.76%	-6.46%
Revenue Q/Q Growth	-0.18%	-2.61%	1.55%	3.21%	-2.94%	-5.64%	3.99%	1.73%	0.32%	-2.29%	2.34%
EBITDA Q/Q Growth	-16.29%	4.60%	15.89%	-1.01%	-2.20%	-17.87%	10.80%	2.46%	14.69%	-19.79%	11.33%
EBIT Q/Q Growth	-26.99%	2.93%	28.32%	-1.17%	-5.55%	-25.17%	18.14%	0.99%	25.99%	-27.45%	2.47%
NOPAT Q/Q Growth	-8.52%	235.00%	-68.53%	4.33%	-9.51%	-21.70%	-97.80%	5,049.64%	23.57%	-40.34%	132.50%
Net Income Q/Q Growth	-508.33%	166.67%	108.82%	28.17%	-153.57%	-160.87%	-90.09%	782.35%	16.05%	-405.66%	143.80%
EPS Q/Q Growth	-1,450.00%	200.00%	92.86%	23.29%	-121.21%	-197.06%	-92.02%	776.19%	7.35%	-383.33%	142.11%
Operating Cash Flow Q/Q Growth	-29.45%	33.19%	-48.90%	467.50%	-84.25%	45.98%	-55.33%	347.70%	-66.79%	48.44%	204.31%
Free Cash Flow Firm Q/Q Growth	10.66%	217.90%	-59.97%	585.10%	11.18%	-211.99%	-99.39%	2,523.47%	4.40%	-53.07%	120.18%
Invested Capital Q/Q Growth	-0.60%	-2.57%	0.69%	-0.91%	0.14%	-0.78%	-0.15%	3.82%	0.48%	-1.88%	-0.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.54%	50.13%	52.85%	53.29%	50.91%	51.08%	54.54%	53.84%	53.25%	47.04%	54.10%
EBITDA Margin	32.00%	38.16%	35.53%	31.13%	32.46%	32.21%	37.01%	34.73%	34.49%	30.17%	36.75%
Operating Margin	17.47%	23.90%	22.41%	17.88%	17.69%	18.97%	24.18%	21.15%	21.31%	17.30%	22.83%
EBIT Margin	17.43%	23.83%	22.55%	17.84%	18.64%	19.15%	24.15%	21.26%	21.41%	17.05%	22.97%
Profit (Net Income) Margin	-3.51%	0.86%	0.31%	-3.60%	-5.18%	-1.98%	3.07%	32.23%	-4.81%	-5.74%	1.84%
Tax Burden Percent	112.64%	55.81%	17.31%	110.87%	111.81%	140.00%	66.19%	3,569.23%	73.51%	103.85%	86.89%
Interest Burden Percent	-17.86%	6.45%	8.02%	-18.22%	-24.85%	-7.39%	19.23%	4.25%	-30.53%	-32.43%	9.20%
Effective Tax Rate	0.00%	44.19%	82.69%	0.00%	0.00%	0.00%	33.81%	-3,469.23%	0.00%	0.00%	13.11%
Return on Invested Capital (ROIC)	8.72%	9.45%	2.71%	8.85%	8.92%	9.67%	11.49%	535.13%	10.69%	8.30%	10.63%
ROIC Less NNEP Spread (ROIC-NNEP)	4.86%	6.36%	1.82%	4.89%	4.83%	5.95%	8.19%	360.55%	6.08%	3.97%	6.30%
Return on Net Nonoperating Assets (RNNOA)	12.52%	15.86%	4.63%	12.31%	13.82%	16.30%	22.26%	1,025.87%	19.68%	11.16%	17.08%
Return on Equity (ROE)	21.24%	25.30%	7.33%	21.16%	22.74%	25.97%	33.76%	1,561.00%	30.37%	19.46%	27.71%
Cash Return on Invested Capital (CROIC)	13.62%	12.84%	10.28%	11.48%	7.42%	7.64%	8.40%	8.55%	12.89%	10.51%	12.53%
Operating Return on Assets (OROA)	6.02%	8.13%	7.68%	6.11%	6.42%	6.60%	8.33%	6.92%	6.91%	5.16%	5.57%
Return on Assets (ROA)	-1.21%	0.29%	0.11%	-1.23%	-1.78%	-0.68%	1.06%	10.49%	-1.55%	-1.74%	0.45%
Return on Common Equity (ROCE)	20.26%	24.23%	7.06%	20.44%	12.18%	25.34%	33.01%	1,526.72%	15.37%	19.23%	27.34%
Return on Equity Simple (ROE_SIMPLE)	-4.12%	0.00%	-6.97%	-4.83%	18.66%	0.00%	15.68%	15.03%	-10.18%	0.00%	-30.77%
Net Operating Profit after Tax (NOPAT)	342	373	111	354	340	375	479	21,737	422	342	573
NOPAT Margin	12.23%	13.34%	3.88%	12.52%	12.38%	13.28%	16.01%	755.01%	14.92%	12.11%	19.83%
Net Nonoperating Expense Percent (NNEP)	3.85%	3.08%	0.88%	3.96%	4.09%	3.72%	3.30%	174.58%	4.61%	4.32%	4.33%
Return On Investment Capital (ROIC_SIMPLE)	2.08%	2.26%	-	-	-	2.21%	-	-	-	2.07%	-
Cost of Revenue to Revenue	49.46%	49.88%	47.15%	46.71%	49.09%	48.92%	45.46%	46.16%	46.75%	52.96%	45.90%
SG&A Expenses to Revenue	20.22%	19.65%	19.28%	19.26%	21.08%	19.22%	20.11%	20.32%	20.78%	21.30%	20.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.07%	26.22%	30.45%	35.41%	33.22%	32.11%	30.36%	32.69%	31.94%	29.74%	31.28%
Earnings before Interest and Taxes (EBIT)	487	667	648	505	511	541	723	612	606	481	663
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	894	1,068	1,021	881	890	910	1,108	1,000	976	851	1,061
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.73	2.15	1.99	2.14	2.22	2.17	2.41	0.00	2.40	1.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.48	0.64	0.80	0.75	0.82	0.88	0.87	0.96	0.92	0.82	0.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	12.32	12.83	14.05	15.94	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	8.12%	7.79%	7.12%	6.27%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.18	1.29	1.25	1.29	1.32	1.32	1.37	1.43	1.31	1.18
Enterprise Value to Revenue (EV/Rev)	1.48	1.64	1.84	1.75	1.82	1.84	1.85	1.95	1.96	1.89	2.13
Enterprise Value to EBITDA (EV/EBITDA)	4.31	4.78	5.59	5.25	5.34	5.32	5.42	5.74	6.19	6.13	5.66
Enterprise Value to EBIT (EV/EBIT)	7.22	7.92	9.38	8.73	8.74	8.57	8.81	9.44	9.30	11.47	8.85
Enterprise Value to NOPAT (EV/NOPAT)	10.32	11.45	13.61	12.63	12.65	12.29	12.58	13.50	13.55	16.81	19.48
Enterprise Value to Operating Cash Flow (EV/OCF)	13.74	17.17	16.24	14.32	12.16	11.75	11.70	12.19	19.11	20.61	11.22
Enterprise Value to Free Cash Flow (EV/FCFF)	7.72	9.05	12.47	10.76	17.69	17.58	15.84	16.19	10.92	12.34	9.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.84	2.77	2.86	2.73	2.67	2.60	2.59	2.69	3.57	3.40	3.32
Long-Term Debt to Equity	2.82	2.75	2.84	2.71	2.65	2.59	2.58	2.67	3.55	3.37	3.30
Financial Leverage	2.57	2.49	2.54	2.52	2.86	2.74	2.72	2.85	3.24	2.81	2.71
Leverage Ratio	7.38	7.25	7.25	7.27	8.08	7.90	7.74	8.37	9.41	8.63	8.20
Compound Leverage Factor	-1.32	0.47	0.58	-1.32	-2.01	-0.58	1.49	0.36	-2.87	-2.80	0.75
Debt to Total Capital	73.96%	73.51%	74.09%	73.18%	72.78%	72.25%	72.17%	72.89%	78.11%	77.29%	76.86%
Short-Term Debt to Total Capital	0.67%	0.66%	0.60%	0.60%	0.56%	0.38%	0.38%	0.40%	0.41%	0.65%	0.42%
Long-Term Debt to Total Capital	73.29%	72.85%	73.49%	72.58%	72.22%	71.87%	71.78%	72.49%	77.70%	76.64%	76.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.38%	1.33%	1.22%	1.13%	1.09%	0.99%	0.81%	0.71%	0.23%	0.23%	0.32%
Common Equity to Total Capital	24.66%	25.17%	24.69%	25.69%	26.13%	26.76%	27.02%	26.40%	0.00%	22.48%	22.82%
Debt to EBITDA	3.15	3.15	3.39	3.24	3.14	3.08	3.12	3.23	3.60	3.82	3.91
Net Debt to EBITDA	2.86	2.86	3.11	2.95	2.88	2.76	2.85	2.88	3.27	3.44	3.55
Long-Term Debt to EBITDA	3.12	3.12	3.36	3.21	3.11	3.06	3.11	3.21	3.58	3.79	3.88
Debt to NOPAT	7.53	7.53	8.25	7.78	7.44	7.10	7.25	7.60	7.88	10.49	13.45
Net Debt to NOPAT	6.85	6.85	7.57	7.09	6.83	6.36	6.62	6.79	7.14	9.45	12.23
Long-Term Debt to NOPAT	7.46	7.46	8.18	7.72	7.39	7.06	7.21	7.56	7.84	10.40	13.38
Altman Z-Score	0.50	0.43	0.58	0.55	0.57	0.48	0.60	0.61	0.60	0.39	0.45
Noncontrolling Interest Sharing Ratio	4.62%	4.25%	3.77%	3.41%	46.44%	2.43%	2.22%	2.20%	49.41%	1.19%	1.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.84	0.77	0.84	0.70	0.69	0.76	0.73	0.78	0.85	0.79	0.80
Quick Ratio	0.62	0.59	0.56	0.53	0.50	0.60	0.55	0.61	0.63	0.62	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	885	799	251	628	-130	-146	130	21,463	818	784	1,670
Operating Cash Flow to CapEx	97.76%	0.00%	54.72%	137.99%	30.30%	137.67%	108.07%	258.80%	63.97%	241.47%	154.15%
Free Cash Flow to Firm to Interest Expense	0.00	21.04	0.00	209.40	-2.70	0.00	43.40	0.00	4.15	15.07	50.59
Operating Cash Flow to Interest Expense	0.00	8.13	0.00	151.33	1.67	0.00	116.00	0.00	0.88	10.08	10.70
Operating Cash Flow Less CapEx to Interest Expense	0.00	15.37	0.00	41.67	-3.83	0.00	8.67	0.00	-0.50	5.90	3.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.34	0.34	0.34	0.34	0.34	0.34	0.33	0.32	0.30	0.24
Accounts Receivable Turnover	22.80	20.86	22.01	21.25	20.91	18.91	21.72	22.39	22.88	19.98	18.64
Inventory Turnover	125.40	119.10	122.84	110.43	107.29	102.76	121.03	109.42	105.80	106.95	122.48
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.78	0.00	0.60
Accounts Payable Turnover	15.93	15.39	16.92	14.72	14.97	14.94	16.41	17.59	13.14	19.02	17.42
Days Sales Outstanding (DSO)	16.01	17.50	16.58	17.18	17.45	19.30	16.80	16.30	15.95	18.27	19.58
Days Inventory Outstanding (DIO)	2.91	3.06	2.97	3.31	3.40	3.55	3.02	3.34	3.45	3.41	2.98
Days Payable Outstanding (DPO)	22.92	23.71	21.58	24.79	24.39	24.42	22.24	20.75	27.77	19.19	20.96
Cash Conversion Cycle (CCC)	-4.00	-3.15	-2.02	-4.31	-3.53	-1.57	-2.42	-1.11	-8.37	2.49	1.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,574	15,668	16,081	15,971	16,117	16,094	16,221	16,245	15,648	15,573	15,872
Invested Capital Turnover	0.71	0.71	0.70	0.71	0.72	0.73	0.72	0.71	0.72	0.69	0.54
Increase / (Decrease) in Invested Capital	-543	-426	-140	-274	469	521	349	274	-396	-442	-1,097
Enterprise Value (EV)	16,667	18,460	20,690	19,905	20,852	21,261	21,345	22,299	22,302	20,468	18,722
Market Capitalization	5,380	7,191	8,982	8,551	9,412	10,088	9,974	10,968	10,503	8,926	6,917
Book Value per Share	$19.12	$19.56	$19.31	$19.89	$20.39	$21.10	$21.39	$21.12	$0.00	$17.30	$17.90
Tangible Book Value per Share	($50.22)	($49.78)	($50.76)	($51.05)	($51.26)	($50.81)	($51.28)	($51.67)	($72.88)	($55.95)	($56.07)
Total Capital	16,435	16,518	16,920	16,757	16,853	17,009	17,037	17,215	16,607	16,518	16,819
Total Debt	12,156	12,142	12,536	12,262	12,265	12,289	12,295	12,548	12,972	12,767	12,927
Total Long-Term Debt	12,046	12,033	12,434	12,162	12,171	12,224	12,230	12,480	12,904	12,659	12,857
Net Debt	11,061	11,050	11,502	11,164	11,256	11,005	11,233	11,209	11,761	11,504	11,751
Capital Expenditures (CapEx)	223	-275	424	329	264	369	322	301	272	217	229
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,228	-1,377	-1,168	-1,629	-1,556	-1,707	-1,607	-1,770	-1,418	-1,627	-1,500
Debt-free Net Working Capital (DFNWC)	-242	-416	-265	-688	-704	-580	-636	-522	-298	-458	-420
Net Working Capital (NWC)	-352	-525	-367	-788	-798	-645	-701	-590	-366	-566	-490
Net Nonoperating Expense (NNE)	440	349	102	456	482	431	387	20,809	558	504	520
Net Nonoperating Obligations (NNO)	11,295	11,292	11,697	11,476	11,529	11,374	11,479	11,578	12,013	11,822	11,980
Total Depreciation and Amortization (D&A)	407	401	373	376	379	369	385	388	370	370	398
Debt-free, Cash-free Net Working Capital to Revenue	-10.87%	-12.25%	-10.36%	-14.30%	-13.60%	-14.81%	-13.94%	-15.50%	-12.48%	-15.04%	-17.05%
Debt-free Net Working Capital to Revenue	-2.14%	-3.70%	-2.35%	-6.04%	-6.15%	-5.03%	-5.52%	-4.57%	-2.62%	-4.23%	-4.77%
Net Working Capital to Revenue	-3.12%	-4.67%	-3.26%	-6.92%	-6.98%	-5.60%	-6.08%	-5.17%	-3.22%	-5.23%	-5.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.54)	$0.04	($0.04)	($0.56)	($0.73)	($0.33)	$0.34	$4.27	($0.63)	($0.68)	$0.24
Adjusted Weighted Average Basic Shares Outstanding	212M	215M	215M	216M	216M	215M	215M	215M	215M	214M	214M
Adjusted Diluted Earnings per Share	($0.54)	$0.04	($0.04)	($0.56)	($0.73)	($0.33)	$0.34	$4.26	($0.63)	($0.68)	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	212M	215M	215M	216M	216M	216M	216M	216M	215M	214M	215M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	207.97M	212.01M	212.48M	216.34M	216.42M	216.30M	215.71M	215.29M	215.20M	215.18M	214.57M
Normalized Net Operating Profit after Tax (NOPAT)	342	373	451	437	340	375	479	426	422	342	573
Normalized NOPAT Margin	12.23%	13.34%	15.69%	15.43%	12.38%	13.28%	16.01%	14.81%	14.92%	12.11%	19.83%
Pre Tax Income Margin	-3.11%	1.54%	1.81%	-3.25%	-4.63%	-1.42%	4.64%	0.90%	-6.54%	-5.53%	2.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	17.55	0.00	168.33	10.65	0.00	241.00	0.00	3.08	9.25	20.09
NOPAT to Interest Expense	0.00	9.83	0.00	118.07	7.07	0.00	159.73	0.00	2.14	6.57	17.35
EBIT Less CapEx to Interest Expense	0.00	24.79	0.00	58.67	5.15	0.00	133.67	0.00	1.70	5.08	13.15
NOPAT Less CapEx to Interest Expense	0.00	17.06	0.00	8.40	1.57	0.00	52.40	0.00	0.76	2.40	10.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-15.57%	-7.58%	-6.19%	-7.69%	0.00%	0.36%	0.55%	0.59%	0.00%	-0.33%	0.00%
Augmented Payout Ratio	-15.57%	-98.10%	-6.19%	-7.69%	0.00%	0.36%	0.55%	0.59%	0.00%	-0.33%	0.00%

Frequently Asked Questions About Caesars Entertainment's Financials

When does Caesars Entertainment's fiscal year end?

According to the most recent income statement we have on file, Caesars Entertainment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Caesars Entertainment's net income changed over the last 9 years?

Caesars Entertainment's net income appears to be on an upward trend, with a most recent value of -$211 million in 2024, falling from $114.18 million in 2015. The previous period was $828 million in 2023. See Caesars Entertainment's forecast for analyst expectations on what’s next for the company.

What is Caesars Entertainment's operating income?

Caesars Entertainment's total operating income in 2024 was $2.30 billion, based on the following breakdown:

Total Gross Profit: $5.83 billion
Total Operating Expenses: $3.52 billion

How has Caesars Entertainment revenue changed over the last 9 years?

Over the last 9 years, Caesars Entertainment's total revenue changed from $719.78 million in 2015 to $11.25 billion in 2024, a change of 1,462.3%.

How much debt does Caesars Entertainment have?

Caesars Entertainment's total liabilities were at $28.21 billion at the end of 2024, a 1.5% decrease from 2023, and a 2,576.0% increase since 2015.

How much cash does Caesars Entertainment have?

In the past 9 years, Caesars Entertainment's cash and equivalents has ranged from $61.03 million in 2016 to $1.78 billion in 2020, and is currently $866 million as of their latest financial filing in 2024.

How has Caesars Entertainment's book value per share changed over the last 9 years?

Over the last 9 years, Caesars Entertainment's book value per share changed from 5.83 in 2015 to 19.56 in 2024, a change of 235.7%.

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This page (NASDAQ:CZR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Caesars Entertainment (CZR) Financials

Frequently Asked Questions About Caesars Entertainment's Financials

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Caesars Entertainment (CZR) Financials

Annual Income Statements for Caesars Entertainment

Quarterly Income Statements for Caesars Entertainment

Annual Cash Flow Statements for Caesars Entertainment

Quarterly Cash Flow Statements for Caesars Entertainment

Annual Balance Sheets for Caesars Entertainment

Quarterly Balance Sheets for Caesars Entertainment

Annual Metrics And Ratios for Caesars Entertainment

Quarterly Metrics And Ratios for Caesars Entertainment

Frequently Asked Questions About Caesars Entertainment's Financials

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