Balance Sheet Caesars Entertainment, Inc.

Equities

CZR

US12769G1004

Casinos & Gaming

Delayed Nasdaq Other stock markets 09:56:16 2024-09-13 EDT			5-day change	1st Jan Change
37.98 ^USD	+3.97%		+2.79%	-19.16%

09-05	Macquarie Adjusts Price Target on Caesars Entertainment to $50 From $52, Maintains Outperform Rating	MT
09-04	Morgan Stanley Trims Price Target on Caesars Entertainment to $40 From $41, Keeps Equalweight Rating	MT

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Published financial data: CAESARS ENTERTAINMENT, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.41B	3.12B	8.52B	9.55B	10.18B
Other Revenues, Total	119M	342M	1.05B	1.27B	1.34B
Total Revenues	2.53B	3.47B	9.57B	10.82B	11.53B
Cost of Goods Sold, Total	1.19B	1.77B	4.65B	5.4B	5.4B
Gross Profit	1.34B	1.7B	4.92B	5.42B	6.13B
Selling General & Admin Expenses, Total	672M	1.08B	2.09B	2.35B	2.32B
Depreciation & Amortization - (IS)	222M	583M	1.13B	1.2B	1.26B
Other Operating Expenses, Total	894M	1.66B	3.22B	3.56B	3.58B
Operating Income	448M	38M	1.71B	1.86B	2.55B
Interest Expense, Total	-286M	-1.17B	-2.3B	-2.28B	-2.35B
Interest And Investment Income	-	-	-	12M	12M
Net Interest Expenses	-286M	-1.17B	-2.3B	-2.26B	-2.34B
Income (Loss) On Equity Invest.	-2.44M	-	-	-	-
Currency Exchange Gains (Loss)	-	-	23M	73M	-
Other Non Operating Income (Expenses)	-	-7M	-206M	-	10M
EBT, Excl. Unusual Items	160M	-1.14B	-771M	-331M	222M
Merger & Related Restructuring Charges	-84.66M	9M	-98M	-21M	-
Impairment of Goodwill	-	-100M	-	-78M	-14M
Gain (Loss) On Sale Of Investments	8.76M	22M	-16M	-34M	-
Gain (Loss) On Sale Of Assets	49.58M	-	-	-	-
Asset Writedown	-958K	-115M	-102M	-30M	-81M
Insurance Settlements	-	-	-	38M	29M
Other Unusual Items	-7.51M	-305M	-282M	-109M	-216M
EBT, Incl. Unusual Items	125M	-1.63B	-1.27B	-565M	-60M
Income Tax Expense	43.98M	126M	-283M	-41M	-888M
Earnings From Continuing Operations	81M	-1.76B	-986M	-524M	828M
Earnings Of Discontinued Operations	-	-	-30M	-386M	-
Net Income to Company	81M	-1.76B	-1.02B	-910M	828M
Minority Interest	-	1M	-3M	11M	-42M
Net Income - (IS)	81M	-1.76B	-1.02B	-899M	786M
Net Income to Common Incl Extra Items	81M	-1.76B	-1.02B	-899M	786M
Net Income to Common Excl. Extra Items	81M	-1.76B	-989M	-513M	786M
Per Share Items
Net EPS - Basic	1.04	-13.52	-4.83	-4.2	3.66
Basic EPS - Continuing Operations	1.04	-13.52	-4.69	-2.4	3.66
Basic Weighted Average Shares Outstanding	77.68M	130M	211M	214M	215M
Net EPS - Diluted	1.03	-13.52	-4.83	-4.2	3.64
Diluted EPS - Continuing Operations	1.03	-13.52	-4.69	-2.4	3.64
Diluted Weighted Average Shares Outstanding	78.59M	130M	211M	214M	216M
Normalized Basic EPS	1.29	-5.49	-2.3	-0.92	0.45
Normalized Diluted EPS	1.27	-5.49	-2.3	-0.92	0.45
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	670M	621M	2.83B	3.07B	3.82B
EBITA	479M	94M	1.85B	2.05B	2.7B
EBIT	448M	38M	1.71B	1.86B	2.55B
EBITDAR	736M	735M	3.06B	3.34B	4.07B
Total Revenues (As Reported)	2.53B	3.47B	9.57B	10.82B	11.53B
Effective Tax Rate - (Ratio)	35.19	-7.72	22.3	7.26	1.48K
Current Domestic Taxes	45.62M	-67M	-3M	7M	23M
Current Foreign Taxes	-	2M	2M	7M	9M
Total Current Taxes	45.62M	-65M	-1M	14M	32M
Deferred Domestic Taxes	-1.65M	191M	-325M	-55M	-920M
Deferred Foreign Taxes	-	-	43M	-	-
Total Deferred Taxes	-1.65M	191M	-282M	-55M	-920M
Normalized Net Income	99.85M	-713M	-485M	-196M	96.75M
Interest Capitalized	-	-	-	-	40M
Interest on Long-Term Debt	106M	675M	1.28B	2.3B	2.39B
Non-Cash Pension Expense	-120K	6M	-	-	-
Supplemental Operating Expense Items
Advertising Expense	28.9M	64M	518M	571M	259M
Marketing Expenses	100M	-	-	-	-
Selling and Marketing Expenses	129M	-	-	-	-
General and Administrative Expenses	543M	1.08B	2.09B	2.35B	2.32B
Net Rental Expense, Total	65.69M	114M	232M	270M	255M
Imputed Operating Lease Interest Expense	37.8M	69.61M	157M	185M	188M
Imputed Operating Lease Depreciation	27.89M	44.39M	74.57M	84.95M	66.93M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	19.72M	78M	82M	101M	104M
Total Stock-Based Compensation	19.72M	78M	82M	101M	104M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	206M	1.76B	1.07B	1.04B	1B
Short Term Investments	34.63M	10M	-	-	-
Total Cash And Short Term Investments	241M	1.77B	1.07B	1.04B	1B
Accounts Receivable, Total	53.9M	338M	472M	611M	608M
Other Receivables	3.81M	44M	-	-	-
Total Receivables	57.7M	382M	472M	611M	608M
Inventory	18.38M	44M	42M	59M	46M
Prepaid Expenses	30.97M	240M	290M	263M	264M
Restricted Cash	3.51M	2.02B	319M	131M	122M
Other Current Assets, Total	253M	2.21B	3.77B	-	-
Total Current Assets	605M	6.67B	5.96B	2.1B	2.04B
Gross Property Plant And Equipment	3.47B	15.81B	17.26B	18.23B	19.42B
Accumulated Depreciation	-666M	-1.05B	-2B	-2.99B	-4.05B
Net Property Plant And Equipment	2.8B	14.76B	15.26B	15.24B	15.38B
Long-term Investments	141M	173M	158M	94M	157M
Goodwill	910M	9.72B	11.08B	11B	10.99B
Other Intangibles, Total	1.11B	4.25B	4.92B	4.71B	4.52B
Deferred Tax Assets Long-Term	-	-	-	-	47M
Deferred Charges Long-Term	7.35M	-	-	-	-
Other Long-Term Assets, Total	63.93M	812M	650M	376M	226M
Total Assets	5.64B	36.38B	38.03B	33.53B	33.37B
Liabilities
Accounts Payable, Total	61.95M	165M	254M	314M	408M
Accrued Expenses, Total	238M	891M	1.18B	1.02B	1.02B
Current Portion of Long-Term Debt	246M	67M	70M	108M	65M
Current Portion of Leases	20.06M	52M	49M	50M	23M
Current Income Taxes Payable	23.9M	-	183M	195M	202M
Unearned Revenue Current, Total	40.3M	251M	614M	747M	749M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	58.49M	1.16B	2.95B	229M	226M
Total Current Liabilities	688M	2.58B	5.3B	2.67B	2.69B
Long-Term Debt	2.32B	14.16B	13.75B	12.66B	12.22B
Long-Term Leases	1.15B	12.74B	13.15B	13.32B	13.49B
Unearned Revenue Non Current	159M	134M	-	-	-
Deferred Tax Liability Non Current	197M	1.17B	1.11B	987M	102M
Other Non Current Liabilities	6.05M	563M	182M	142M	143M
Total Liabilities	4.52B	31.35B	33.49B	29.78B	28.65B
Common Stock, Total	1K	-	-	-	-
Additional Paid In Capital	760M	6.38B	6.88B	6.95B	7B
Retained Earnings	366M	-1.39B	-2.41B	-3.31B	-2.52B
Treasury Stock	-9.13M	-9M	-23M	-23M	-23M
Comprehensive Income and Other	377K	34M	36M	92M	97M
Total Common Equity	1.12B	5.02B	4.48B	3.71B	4.55B
Minority Interest	-	18M	61M	38M	168M
Total Equity	1.12B	5.03B	4.54B	3.75B	4.72B
Total Liabilities And Equity	5.64B	36.38B	38.03B	33.53B	33.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	77.8M	208M	214M	215M	216M
ECS Total Common Shares Outstanding	77.57M	208M	214M	215M	216M
Book Value / Share	14.4	24.11	20.96	17.3	21.09
Tangible Book Value	-904M	-8.96B	-11.52B	-12B	-10.96B
Tangible Book Value Per Share	-11.65	-43.07	-53.87	-55.92	-50.79
Total Debt	3.74B	27.02B	27.02B	26.14B	25.8B
Net Debt	3.5B	25.25B	25.95B	25.1B	24.79B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-2.19M	69M	43M	33M	26M
Debt Equivalent Oper. Leases	526M	912M	1.86B	2.16B	2.04B
Minority Interest, Total (Incl. Fin. Div)	-	18M	61M	38M	168M
Equity Method Investments, Total	136M	173M	158M	94M	157M
Account Code - Inventory Valuation	6	3	3	3	3
Land - (BS)	652M	2.17B	2.12B	2.09B	2.09B
Buildings, Total	1.91B	11.69B	12.43B	13.09B	13.54B
Machinery, Total	684M	1.4B	1.65B	2.05B	2.41B
Full Time Employees	15.5K	54K	49K	49K	51K
Assets under Capital Lease - Gross	345K	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	4.63M	138M	130M	118M	93M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	81M	-1.76B	-1.02B	-899M	786M
Depreciation & Amortization - CF	191M	527M	987M	1.02B	1.12B
Amortization of Goodwill and Intangible Assets - (CF)	30.3M	56M	139M	187M	144M
Depreciation & Amortization, Total	222M	583M	1.13B	1.2B	1.26B
Amortization of Deferred Charges, Total - (CF)	21.36M	170M	386M	351M	251M
(Gain) Loss From Sale Of Asset	-48.58M	92M	11M	5M	22M
(Gain) Loss on Sale of Investments - (CF)	-8.76M	-34M	107M	54M	-5M
Asset Writedown & Restructuring Costs	-42K	116M	102M	108M	95M
(Income) Loss On Equity Investments - (CF)	2.44M	-	-	-	-
Stock-Based Compensation (CF)	19.72M	78M	82M	101M	104M
Provision and Write-off of Bad Debts	-	29M	26M	25M	41M
Net Cash From Discontinued Operations	-	11M	-27M	-18M	-
Other Operating Activities, Total	685K	218M	81M	288M	-686M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	4.59M	-70M	-135M	-143M	-82M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	30.9M	27M	486M	-80M	10M
Change In Income Taxes	-21.85M	-40M	13M	-7M	-27M
Change in Other Net Operating Assets	9.53M	6M	-67M	-15M	39M
Cash from Operations	313M	-571M	1.17B	975M	1.81B
Capital Expenditure	-171M	-163M	-520M	-952M	-1.26B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-6.39B	-1.59B	-	-
Divestitures	536M	366M	726M	39M	1M
Sale (Purchase) of Intangible assets	-	-35M	-312M	-11M	-30M
Investment in Marketable and Equity Securities, Total	4.17M	24M	200M	126M	1M
Other Investing Activities, Total	-	17M	-1.43B	416M	36M
Cash from Investing	370M	-6.18B	-2.92B	-382M	-1.26B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	33M	12.99B	1.31B	1.5B	5.46B
Total Debt Issued	33M	12.99B	1.31B	1.5B	5.46B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-736M	-4.69B	-2.35B	-2.74B	-6.11B
Total Debt Repaid	-736M	-4.69B	-2.35B	-2.74B	-6.11B
Issuance of Common Stock	-	2.72B	3M	1M	-
Repurchase of Common Stock	-8.25M	-16M	-45M	-27M	-27M
Other Financing Activities, Total	-932K	-356M	533M	-15M	-32M
Cash from Financing	-712M	10.64B	-550M	-1.28B	-713M
Foreign Exchange Rate Adjustments	-	129M	32M	-29M	-
Miscellaneous Cash Flow Adjustments	-	-15M	10M	-	-
Net Change in Cash	-30.11M	4B	-2.26B	-718M	-160M
Supplemental Items
Cash Interest Paid	277M	892M	1.92B	2.01B	2.13B
Cash Income Tax Paid (Refund)	51.13M	-7M	9M	22M	26M
Levered Free Cash Flow	176M	-2.55B	2.56B	1.6B	563M
Unlevered Free Cash Flow	336M	-1.97B	3.65B	2.72B	1.83B
Change In Net Working Capital	17.64M	2.47B	-2.17B	-1.16B	-116M
Net Debt Issued / Repaid	-703M	8.3B	-1.04B	-1.24B	-654M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.85	0.11	2.87	3.25	4.77
Return on Total Capital	5.55	0.13	3.35	3.79	5.28
Return On Equity %	7.55	-57.16	-20.6	-12.64	19.55