Caesars Entertainment (CZR) Financials

$25.17 -0.11 (-0.44%)

As of 03:09 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	114	25	73	95	81	-1,757	-1,019	-899	786	-278
Consolidated Net Income / (Loss)	114	25	73	95	81	-1,758	-1,016	-910	828	-211
Net Income / (Loss) Continuing Operations	114	25	73	95	81	-1,738	-986	-524	828	-211
Total Pre-Tax Income	45	38	-43	135	125	-1,606	-1,269	-565	-60	-124
Total Operating Income	69	89	95	310	410	-383	1,460	1,739	2,472	2,304
Total Gross Profit	298	354	719	964	1,285	1,922	4,923	5,420	6,133	5,826
Total Revenue	720	900	1,501	2,056	2,528	3,628	9,570	10,821	11,528	11,245
Operating Revenue	758	900	1,501	2,056	2,528	3,628	9,570	10,821	11,528	11,245
Total Cost of Revenue	421	547	782	1,092	1,243	1,706	4,647	5,401	5,395	5,419
Operating Cost of Revenue	421	547	782	1,092	1,243	1,706	4,647	5,401	5,395	5,419
Total Operating Expenses	229	265	624	654	875	2,305	3,463	3,681	3,661	3,522
Selling, General & Admin Expense	113	151	272	444	606	1,367	2,091	2,354	2,318	2,227
Depreciation Expense	57	63	106	157	222	583	1,126	1,205	1,261	1,324
Other Operating Expenses / (Income)	25	-	32	39	46	140	144	14	-13	-331
Impairment Charge	-	-	38	14	1.00	215	102	108	95	302
Total Other Income / (Expense), net	-24	-51	-139	-175	-285	-1,223	-2,729	-2,304	-2,532	-2,428
Interest Expense	63	51	138	172	294	197	236	85	200	89
Interest & Investment Income	3.46	-	-0.37	-	-	-1,202	-2,295	-2,265	-2,342	-2,366
Other Income / (Expense), net	36	-	0.00	-3.00	9.00	176	-198	46	10	27
Income Tax Expense	-70	13	-117	40	44	132	-283	-41	-888	87
Net Income / (Loss) Discontinued Operations	-	-	-	0.00	0.00	-20	-30	-386	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	0.00	0.00	-1.00	3.00	-11	42	67
Basic Earnings per Share	$2.45	$0.52	$1.09	$1.23	$1.04	($13.50)	($4.83)	($4.19)	$3.65	($1.29)
Weighted Average Basic Shares Outstanding	46.55M	47.03M	67.13M	77M	78M	130M	211M	214M	215M	215M
Diluted Earnings per Share	$2.43	$0.51	$1.08	$1.22	$1.03	($13.50)	($4.83)	($4.19)	$3.64	($1.29)
Weighted Average Diluted Shares Outstanding	47.01M	47.70M	68.10M	78M	79M	130M	211M	214M	216M	215M
Weighted Average Basic & Diluted Shares Outstanding	46.60M	46.80M	67.13M	77.43M	77.80M	208.28M	214.12M	215.18M	216.30M	212.01M

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-303	62	-80	104	-312	128	-278	94	-33	90
Net Cash From Operating Activities	353	524	174	779	348	508	80	454	232	309
Net Cash From Continuing Operating Activities	353	524	174	779	348	508	80	454	232	309
Net Income / (Loss) Continuing Operations	53	-162	-136	928	92	-56	-142	-102	9.00	24
Consolidated Net Income / (Loss)	53	-162	-136	928	92	-56	-142	-102	9.00	24
Depreciation Expense	304	295	300	323	320	318	327	326	326	345
Amortization Expense	94	75	70	65	65	51	52	50	47	56
Non-Cash Adjustments To Reconcile Net Income	58	211	235	68	40	74	58	158	20	-91
Changes in Operating Assets and Liabilities, net	-156	105	-295	-605	-169	121	-215	22	-170	-25
Net Cash From Investing Activities	-237	-218	-231	-313	-337	-375	-264	-328	-387	275
Net Cash From Continuing Investing Activities	-237	-218	-231	-313	-337	-375	-264	-328	-387	275
Purchase of Property, Plant & Equipment	-246	-235	-272	-301	-322	-369	-264	-329	-424	-279
Sale of Property, Plant & Equipment	17	18	-	-	-	-	0.00	-	-	554
Net Cash From Financing Activities	-887	-244	-23	-362	-323	-5.00	-94	-32	122	-494
Net Cash From Continuing Financing Activities	-887	-244	-23	-362	-323	-5.00	-94	-32	122	-494
Repayment of Debt	-883	-989	-4,709	-574	-726	-176	-4,905	-583	-427	-1,876
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	-50
Issuance of Debt	-	750	4,700	140	460	160	4,825	570	695	1,435
Other Financing Activities, net	-4.00	-3.00	-14	-4.00	-80	-3.00	-14	-5.00	-3.00	-3.00
Cash Interest Paid	585	439	615	426	667	424	657	528	684	507
Cash Income Taxes Paid	4.00	4.00	2.00	9.00	12	3.00	3.00	17	17	11

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	33,594	33,527	33,349	33,478	33,229	33,366	33,059	33,084	32,969	32,590
Total Current Assets	1,936	2,102	2,011	2,127	1,860	2,045	1,737	1,823	1,900	1,747
Cash & Equivalents	944	1,038	965	1,122	841	1,005	726	830	802	866
Restricted Cash	136	131	155	126	130	122	126	111	101	95
Accounts Receivable	506	611	543	526	555	608	551	546	469	470
Inventories, net	46	59	57	53	45	46	44	45	43	45
Prepaid Expenses	304	263	291	300	289	264	290	291	485	271
Plant, Property, & Equipment, net	14,592	0.00	14,608	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	17,066	31,425	16,730	31,351	31,369	31,321	31,322	31,261	31,069	30,843
Long-Term Investments	96	94	91	91	91	157	157	157	131	131
Goodwill	11,082	11,004	11,004	11,004	11,004	10,990	10,990	10,949	10,949	10,601
Intangible Assets	4,779	4,714	4,678	4,661	4,640	4,523	4,487	4,403	4,211	4,133
Noncurrent Deferred & Refundable Income Taxes	-	0.00	-	46	50	47	48	54	56	62
Other Noncurrent Operating Assets	1,109	15,613	957	15,549	15,584	15,604	15,640	15,698	15,722	15,916
Total Liabilities & Shareholders' Equity	33,594	33,527	33,349	33,478	33,229	33,366	33,059	33,084	32,969	32,590
Total Liabilities	29,702	29,776	29,714	28,811	28,487	28,646	28,471	28,589	28,585	28,214
Total Current Liabilities	2,426	2,668	2,377	2,717	2,561	2,690	2,535	2,611	2,267	2,272
Short-Term Debt	70	108	68	68	65	65	94	100	102	109
Accounts Payable	300	314	285	299	371	408	439	436	268	296
Accrued Expenses	1,827	1,928	1,772	1,981	1,879	1,848	1,729	1,763	1,702	1,625
Other Current Nonoperating Liabilities	229	318	252	369	246	369	273	312	195	242
Total Noncurrent Liabilities	27,276	27,108	27,337	26,094	25,926	25,956	25,936	25,978	26,318	25,942
Long-Term Debt	12,857	12,659	12,904	12,480	12,230	12,224	12,171	12,162	12,434	12,033
Noncurrent Deferred & Payable Income Tax Liabilities	982	987	931	68	99	102	112	115	141	130
Other Noncurrent Operating Liabilities	13,437	13,462	13,502	13,546	13,597	13,630	13,653	13,701	13,743	13,779
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	3,892	3,751	3,635	4,667	4,742	4,720	4,588	4,495	4,384	4,376
Total Preferred & Common Equity	3,838	3,713	3,597	4,545	4,604	4,552	4,404	4,305	4,178	4,157
Preferred Stock	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Common Equity	3,838	3,713	0.00	4,545	4,604	4,552	4,404	4,305	4,178	4,157
Common Stock	-	6,953	-	-	-	7,001	-	-	-	6,862
Retained Earnings	-	-3,309	-	-	-	-2,523	-	-	-	-2,801
Treasury Stock	-	-	-	-	-	-23	-	-	-	0.00
Accumulated Other Comprehensive Income / (Loss)	-	92	-	-	-	97	-	-	-	96
Noncontrolling Interest	54	38	38	122	138	168	184	190	206	219

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

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

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

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

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.

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 4/15/2025 by MarketBeat.com Staff

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Caesars Entertainment (CZR) Financials

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