CZR financial statements
The full income statement, balance sheet, and cash-flow statement for Caesars Entertainment (CZR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 11.5B+2.1% | 11.2B-2.5% | 11.5B+6.5% | 10.8B+13.1% | 9.57B+163.8% | |
| Selling, general & administrative | 1.93B+0.3% | 1.92B-4.6% | 2.01B-2.7% | 2.07B+16.0% | 1.78B+97.6% | |
| General & administrative | 1.93B+0.3% | 1.92B-4.6% | 2.01B-2.7% | 2.07B+16.0% | 1.78B+97.6% | |
| Amortization of intangibles | 133M-1.5% | 135M-6.3% | 144M-23.0% | 187M+34.5% | 139M+148.2% | |
| Provision for credit losses | 43.0M-12.2% | 49.0M+19.5% | 41.0M+64.0% | 25.0M-3.8% | 26.0M-10.3% | |
| Operating income | 1.86B-19.4% | 2.30B-6.8% | 2.47B+42.2% | 1.74B+19.1% | 1.46B+481.2% | |
| Interest expense | 2.33B-4.5% | 2.44B+1.8% | 2.39B+4.0% | 2.30B-0.7% | 2.32B+91.3% | |
| Interest & investment income | 20.0M+81.8% | 11.0M-8.3% | 12.0M+0.0% | 12.0M-25.0% | 16.0M+60.0% | |
| Other non-operating income | 2.00M-92.6% | 27.0M+170.0% | 10.0M-78.3% | 46.0M+123.2% | -198M-212.5% | |
| Pre-tax income | -448M-261.3% | -124M-106.7% | -60.0M+89.4% | -565M+55.5% | -1.27B+21.0% | |
| Income tax | -11.0M-112.6% | 87.0M+109.8% | -888M-2065.9% | -41.0M+85.5% | -283M-314.4% | |
| -502M-80.6% | -278M-135.4% | 786M+187.4% | -899M+11.8% | -1.02B+42.0% | ||
| Income from continuing operations | — | -278M-135.4% | 786M+253.2% | -513M+48.1% | -989M+43.1% | |
| Net income to non-controlling interest | 65.0M-3.0% | 67.0M+59.5% | 42.0M+481.8% | -11.0M-466.7% | 3.00M+400.0% | |
| -$2.42-87.6% | -$1.29-135.4% | $3.64+186.9% | -$4.19+13.3% | -$4.83+64.2% | ||
| EPS (basic) | -$2.42-87.6% | -$1.29-135.3% | $3.65+187.1% | -$4.19+13.3% | -$4.83+64.2% | |
| Weighted-avg shares (basic) | 208M-3.3% | 215M+0.0% | 215M+0.5% | 214M+1.4% | 211M+62.3% | |
| Weighted-avg shares (diluted) | 208M-3.3% | 215M-0.5% | 216M+0.9% | 214M+1.4% | 211M+62.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.80B+3.2% | 1.75B-14.6% | 2.04B-2.7% | 2.10B-64.8% | 5.96B-1.6% | ||
| Cash & equivalents | 887M+2.4% | 866M-13.8% | 1.00B-3.2% | 1.04B-3.0% | 1.07B-39.8% | |
| Accounts receivable | 476M+1.3% | 470M-22.7% | 608M-0.5% | 611M+29.4% | 472M+38.0% | |
| Inventory | 43.0M-4.4% | 45.0M-2.2% | 46.0M-22.0% | 59.0M+40.5% | 42.0M-4.5% | |
| Prepaid expenses | 312M+15.1% | 271M+2.7% | 264M+0.4% | 263M-9.3% | 290M+14.6% | |
| 31.6B-2.9% | 32.6B-2.3% | 33.4B-0.5% | 33.5B-11.8% | 38.0B+4.5% | ||
| Property, plant & equipment | — | — | — | — | 14.6B-0.9% | |
| Operating lease right-of-use | 604M+0.0% | 604M-2.9% | 622M-2.7% | 639M-3.5% | 662M+44.9% | |
| Goodwill | 10.4B-1.5% | 10.6B-3.5% | 11.0B-0.1% | 11.0B-0.7% | 11.1B+12.3% | |
| Intangible assets | 3.98B-3.6% | 4.13B-8.6% | 4.52B-4.1% | 4.71B-4.2% | 4.92B+14.9% | |
| Deferred tax assets | 67.0M+8.1% | 62.0M+31.9% | 47.0M | 0.00 | — | |
| Other non-current assets | 852M-22.8% | 1.10B+30.2% | 848M-16.5% | 1.01B-22.6% | 1.31B+3.6% | |
| 2.25B-0.8% | 2.27B-15.5% | 2.69B+0.8% | 2.67B-49.6% | 5.30B+110.8% | ||
| Accounts payable | 297M+0.3% | 296M-27.5% | 408M+29.9% | 314M+23.6% | 254M+52.1% | |
| Deferred revenue | 546M-7.8% | 592M-21.0% | 749M+0.3% | 747M+21.7% | 614M+144.6% | |
| Short-term & current debt | 114M+4.6% | 109M+67.7% | 65.0M-39.8% | 108M+54.3% | 70.0M+4.5% | |
| Current lease liability | 20.0M-4.8% | 21.0M-8.7% | 23.0M-54.0% | 50.0M+2.0% | 49.0M-7.5% | |
| Other current liabilities | 384M+11.6% | 344M+0.6% | 342M-15.3% | 404M+31.2% | 308M+6.6% | |
| 28.0B-0.9% | 28.2B-1.5% | 28.6B-3.8% | 29.8B-11.1% | 33.5B+6.8% | ||
| Long-term debt | 11.7B-3.0% | 12.0B-1.6% | 12.2B-3.4% | 12.7B-7.7% | 13.7B-2.5% | |
| Non-current lease liability | 722M+0.8% | 716M-1.6% | 728M+2.5% | 710M-2.2% | 726M+40.7% | |
| Operating lease liability (total) | 742M+0.7% | 737M-1.9% | 751M-1.2% | 760M-1.9% | 775M+55.9% | |
| Finance lease liability (total) | 147M+116.2% | 68.0M-11.7% | 77.0M-1.3% | 78.0M+81.4% | 43.0M-32.8% | |
| Finance lease liability | 13.1B+1.5% | 12.9B+1.1% | 12.8B+1.2% | 12.6B+1.5% | 12.4B+1.0% | |
| Deferred tax liabilities | 58.0M-55.4% | 130M+27.5% | 102M-89.7% | 987M-11.2% | 1.11B-4.7% | |
| Other non-current liabilities | 876M-0.5% | 880M+1.0% | 871M+2.2% | 852M-9.0% | 936M-28.2% | |
| 3.50B-15.7% | 4.16B-8.7% | 4.55B+22.6% | 3.71B-17.1% | 4.48B-10.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 6.71B-2.2% | 6.86B-2.0% | 7.00B+0.7% | 6.95B+1.1% | 6.88B+7.8% | |
| Retained earnings | -3.30B-17.9% | -2.80B-11.0% | -2.52B+23.8% | -3.31B-37.3% | -2.41B-73.3% | |
| Treasury stock | 0.00 | 0.00-100.0% | 23.0M+0.0% | 23.0M+0.0% | 23.0M+155.6% | |
| Accumulated other comprehensive income | 98.0M+2.1% | 96.0M-1.0% | 97.0M+5.4% | 92.0M+155.6% | 36.0M+5.9% | |
| Non-controlling interest | 182M-16.9% | 219M+30.4% | 168M+342.1% | 38.0M-37.7% | 61.0M+238.9% | |
| Total equity incl. non-controlling | 3.69B-15.8% | 4.38B-7.3% | 4.72B+25.8% | 3.75B-17.4% | 4.54B-9.8% | |
| Total liabilities & equity | 31.6B-2.9% | 32.6B-2.3% | 33.4B-0.5% | 33.5B-11.8% | 38.0B+4.5% | |
| Common shares issued | 203M-4.1% | 211M-2.1% | 216M+0.5% | 215M+0.4% | 214M+2.8% | |
| Common shares outstanding | 203M-4.1% | 211M-2.1% | 216M+0.5% | 215M+0.4% | 214M+2.8% | |
| Shares outstanding (cover) | 204M-4.0% | 212M-2.0% | 216M+0.5% | 215M+0.5% | 214M+2.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.30B+21.1% | 1.07B-40.6% | 1.81B+82.2% | 993M-17.2% | 1.20B+313.7% | ||
| Depreciation & amortization | 1.42B+7.0% | 1.32B+5.0% | 1.26B+4.6% | 1.21B+7.0% | 1.13B+93.1% | |
| Intangible amortization | 133M-1.5% | 135M-6.3% | 144M-23.0% | 187M+34.5% | 139M+148.2% | |
| Change in receivables | 53.0M+161.6% | -86.0M-204.9% | 82.0M-42.7% | 143M+5.9% | 135M+92.9% | |
| -571M+18.9% | -704M+43.9% | -1.26B | — | — | ||
| Capital expenditure | 805M-37.9% | 1.30B+2.5% | 1.26B+32.8% | 952M+83.1% | 520M+217.1% | |
| Free cash flow | 497M+324.9% | -221M-140.6% | 545M+1229.3% | 41.0M-94.0% | 679M+193.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other investing activities | 5.00M | 0.00+100.0% | -36.0M-700.0% | 6.00M | 0.00+100.0% | |
| -763M-53.2% | -498M+30.2% | -713M+44.4% | -1.28B | — | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 1.00M-66.7% | 3.00M-99.9% | |
| Common stock repurchased | 229M+19.9% | 191M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -32.0M+74.8% | -127M+20.6% | -160M+77.7% | -718M+68.2% | -2.26B-155.6% | |
| Interest paid | 813M-22.7% | 1.05B+24.3% | 846M+5.1% | 805M-3.1% | 831M-6.8% | |
| Income taxes paid | 81.0M+68.8% | 48.0M+84.6% | 26.0M+18.2% | 22.0M+144.4% | 9.00M+228.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.76B-32.8% | 7.09B-29.9% | 10.1B+13.3% | 8.93B-55.4% | 20.0B+29.5% | |
| P/E | — | — | 14.2× | — | — | |
| P/S | 0.4×-34.2% | 0.6×-28.2% | 0.9×+4.1% | 0.8×-59.7% | 2.1×-50.9% | |
| P/B | 1.4×-20.3% | 1.7×-22.4% | 2.2×-5.6% | 2.3×-48.0% | 4.5×+45.0% | |
| P/FCF | 9.6× | — | 14.6× | — | 29.5× | |
| Earnings yield | — | — | 7.0% | — | — | |
| FCF yield | 10.4% | — | 6.9% | — | 3.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CZR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CZR filings on SEC EDGAR → Not investment advice.
