Caesars Entertainment, Inc. (CZR) Income Statement Analysis

See more : Tyner Resources Ltd. (TIPNF) Income Statement Analysis – Financial Results

Complete financial analysis of Caesars Entertainment, Inc. (CZR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Caesars Entertainment, Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.

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Caesars Entertainment, Inc. (CZR)

Industry: Gambling, Resorts & Casinos

Sector: Consumer Cyclical

Website: https://www.caesars.com

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services. As of December 31,2021, the company owned, leased, and managed 52 domestic properties in 16 states, consisting of approximately 55,700 slot machines, video lottery terminals, and e-tables; 2,900 table games; and 47,700 hotel rooms. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Revenue	11.53B	10.82B	9.57B	3.47B	2.53B	2.06B	1.47B	892.90M	719.78M	361.82M	247.19M	254.74M	8.57B	8.55B	8.91B	10.13B	10.83B	9.67B	7.01B	4.40B	3.95B	3.75B	3.65B	3.33B	2.89B	2.00B	1.62B	1.59B	1.58B	1.34B	1.02B	894.00M	1.03B	1.00B	945.00M	866.00M	798.00M
Cost of Revenue	5.40B	5.40B	4.65B	1.77B	1.19B	1.06B	806.91M	539.66M	446.78M	225.50M	146.08M	148.44M	4.56B	4.69B	4.74B	5.39B	5.58B	4.86B	3.62B	2.31B	2.07B	1.91B	1.81B	1.65B	1.41B	1.03B	829.00M	781.00M	745.00M	614.00M	479.00M	438.00M	497.00M	474.00M	440.00M	408.00M	366.00M
Gross Profit	6.13B	5.42B	4.92B	1.71B	1.34B	1.00B	666.60M	353.24M	273.00M	136.33M	101.11M	106.30M	4.01B	3.86B	4.17B	4.74B	5.25B	4.82B	3.39B	2.08B	1.88B	1.84B	1.84B	1.68B	1.48B	977.00M	790.00M	805.00M	834.00M	725.00M	542.00M	456.00M	534.00M	530.00M	505.00M	458.00M	432.00M
Gross Profit Ratio	53.20%	50.09%	51.44%	49.11%	53.08%	48.66%	45.24%	39.56%	37.93%	37.68%	40.90%	41.73%	46.80%	45.15%	46.84%	46.78%	48.47%	49.79%	48.39%	47.37%	47.61%	49.04%	50.52%	50.45%	51.28%	48.75%	48.80%	50.76%	52.82%	54.14%	53.09%	51.01%	51.79%	52.79%	53.44%	52.89%	54.14%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.00M	11.00M	12.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	2.01B	2.35B	2.09B	1.08B	542.75M	396.23M	271.83M	150.05M	113.34M	63.36M	43.71M	44.94M	2.27B	2.17B	2.17B	2.49B	2.59B	2.41B	1.58B	974.00M	60.00M	58.00M	66.00M	59.00M	45.00M	46.00M	45.00M	40.00M	30.00M	29.00M	27.00M	27.00M	27.00M	34.00M	35.00M	32.00M	39.00M
Selling & Marketing	0.00	0.00	0.00	0.00	129.37M	106.16M	82.53M	40.60M	31.23M	21.98M	17.74M	18.72M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.01B	2.35B	2.09B	1.08B	672.12M	502.39M	354.36M	190.65M	144.57M	85.34M	61.45M	63.66M	2.27B	2.17B	2.17B	2.49B	2.59B	2.41B	1.58B	974.00M	60.00M	58.00M	66.00M	59.00M	45.00M	46.00M	45.00M	40.00M	30.00M	29.00M	27.00M	27.00M	27.00M	34.00M	35.00M	32.00M	39.00M
Other Expenses	1.65B	1.21B	1.13B	583.00M	221.53M	-20.84M	-92.78M	63.45M	56.92M	28.64M	17.03M	17.65M	880.00M	1.05B	-2.36B	5.78B	1.01B	917.00M	787.00M	336.00M	1.16B	1.07B	1.20B	1.34B	958.00M	634.00M	521.00M	516.00M	594.00M	427.00M	305.00M	268.00M	331.00M	337.00M	315.00M	290.00M	242.00M
Operating Expenses	3.66B	3.56B	3.22B	1.66B	893.65M	659.82M	460.25M	254.10M	201.49M	113.98M	78.48M	81.31M	3.15B	3.22B	-185.00M	8.27B	3.60B	3.32B	2.37B	1.31B	1.22B	1.13B	1.27B	1.40B	1.00B	689.00M	577.00M	568.00M	624.00M	456.00M	332.00M	295.00M	358.00M	371.00M	350.00M	322.00M	281.00M
Cost & Expenses	9.06B	8.96B	7.86B	3.43B	2.08B	1.72B	1.27B	793.76M	648.27M	339.48M	224.56M	229.75M	7.71B	7.91B	4.55B	13.66B	9.18B	8.18B	5.98B	3.62B	3.29B	3.04B	3.08B	3.05B	2.41B	1.72B	1.41B	1.35B	1.37B	1.07B	811.00M	733.00M	855.00M	845.00M	790.00M	730.00M	647.00M
Interest Income	12.00M	12.00M	16.00M	1.20B	286.00M	0.00	0.00	0.00	0.00	18.00K	16.00K	14.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	2.35B	2.27B	2.30B	1.17B	286.25M	171.73M	99.77M	50.92M	61.56M	30.75M	15.68M	16.07M	2.12B	1.98B	1.89B	2.07B	800.00M	670.00M	481.00M	271.80B	234.42B	-240.00M	-256.00M	-265.00M	-121.00M	-85.00M	-30.00M	-65.00M	-74.00M	-78.00M	-73.00M	-78.00M	-134.00M	-119.00M	-26.00M	-24.00M	-20.00M
Depreciation & Amortization	1.26B	1.26B	1.17B	597.00M	224.62M	157.43M	105.89M	63.45M	56.92M	28.64M	17.03M	17.65M	845.90M	871.70M	872.00M	1.13B	905.80M	711.40M	523.00M	347.50M	319.70M	304.60M	327.60M	282.10M	218.30M	159.20M	122.40M	102.30M	95.40M	86.60M	70.20M	63.80M	88.10M	82.10M	75.50M	65.10M	-17.00M
EBITDA	3.56B	3.07B	2.83B	193.00M	635.85M	464.78M	312.18M	162.59M	128.47M	50.97M	39.66M	32.73M	1.74B	2.49B	1.94B	52.13M	1.97B	1.62B	1.01B	57.62K	62.83B	473.60M	406.60M	20.10M	434.30M	251.20M	260.40M	203.30M	161.40M	161.60M	142.20M	72.80M	6.10M	7.10M	204.50M	156.10M	134.00M
EBITDA Ratio	30.84%	28.76%	27.52%	23.17%	26.40%	24.21%	21.17%	18.21%	18.32%	14.84%	17.41%	13.23%	20.27%	29.11%	21.79%	-16.10%	18.24%	16.77%	14.45%	1,862.10%	1,591.05%	12.64%	11.15%	0.60%	15.01%	12.53%	16.08%	12.82%	10.22%	12.07%	13.93%	8.14%	0.59%	0.71%	21.64%	18.03%	16.79%
Operating Income	2.47B	1.74B	1.46B	222.00M	409.97M	310.10M	94.87M	89.12M	72.52M	17.56M	22.58M	15.84M	856.00M	640.00M	4.36B	-3.53B	1.65B	1.50B	1.03B	773.00M	660.00M	709.00M	573.00M	283.00M	481.00M	288.00M	214.00M	237.00M	209.00M	269.00M	210.00M	161.00M	176.00M	159.00M	155.00M	136.00M	151.00M
Operating Income Ratio	21.44%	16.07%	15.26%	6.39%	16.22%	15.08%	6.44%	9.98%	10.07%	4.85%	9.14%	6.22%	9.99%	7.48%	48.93%	-34.88%	15.24%	15.45%	14.64%	17.58%	16.71%	18.92%	15.71%	8.50%	16.62%	14.37%	13.22%	14.94%	13.24%	20.09%	20.57%	18.01%	17.07%	15.84%	16.40%	15.70%	18.92%
Total Other Income/Expenses	-2.53B	-2.30B	-2.73B	-1.22B	-285.02M	-174.38M	-138.20M	-51.07M	-27.91M	-30.11M	-3.69M	-16.83M	-2.12B	-1.98B	-4.38B	-2.13B	-1.66B	-1.49B	-1.01B	-260.00M	-232.00M	-238.00M	-227.00M	-265.00M	-121.00M	-85.00M	-30.00M	-65.00M	-57.00M	-130.00M	-71.00M	-76.00M	-124.00M	-115.00M	0.00	-7.00M	4.00M
Income Before Tax	-60.00M	-565.00M	-1.27B	-1.63B	124.98M	135.62M	-43.33M	38.05M	44.60M	-12.55M	18.90M	-991.00K	-1.27B	-1.34B	2.50B	-5.66B	893.00M	835.00M	554.00M	513.00M	428.00M	471.00M	346.00M	18.00M	360.00M	203.00M	184.00M	172.00M	152.00M	139.00M	139.00M	85.00M	52.00M	44.00M	155.00M	129.00M	155.00M
Income Before Tax Ratio	-0.52%	-5.22%	-13.26%	-46.98%	4.94%	6.60%	-2.94%	4.26%	6.20%	-3.47%	7.64%	-0.39%	-14.78%	-15.69%	28.05%	-55.90%	8.25%	8.63%	7.90%	11.67%	10.84%	12.57%	9.48%	0.54%	12.44%	10.13%	11.37%	10.84%	9.63%	10.38%	13.61%	9.51%	5.04%	4.38%	16.40%	14.90%	19.42%
Income Tax Expense	-888.00M	-41.00M	-283.00M	126.00M	43.98M	40.39M	-117.27M	13.24M	-69.58M	1.77M	19.04M	7.12M	-506.90M	468.00M	-1.65B	360.00M	-350.00M	-295.00M	-227.00M	-190.64B	-172.20B	174.00M	126.00M	15.00M	129.00M	75.00M	69.00M	67.00M	61.00M	75.00M	59.00M	35.00M	22.00M	21.00M	-26.00M	-31.00M	1.00M
Net Income	786.00M	-524.00M	-986.00M	-1.76B	81.00M	95.24M	73.94M	24.80M	114.18M	-14.43M	18.90M	-991.00K	-725.00M	-831.00M	828.00M	-5.20B	619.00M	536.00M	236.00M	368.00M	293.00M	235.00M	209.00M	-12.00M	208.00M	102.00M	99.00M	99.00M	79.00M	78.00M	86.00M	52.00M	30.00M	23.00M	155.00M	115.00M	154.00M
Net Income Ratio	6.82%	-4.84%	-10.30%	-50.60%	3.20%	4.63%	5.02%	2.78%	15.86%	-3.99%	7.64%	-0.39%	-8.46%	-9.72%	9.30%	-51.32%	5.72%	5.54%	3.37%	8.37%	7.42%	6.27%	5.73%	-0.36%	7.19%	5.09%	6.11%	6.24%	5.00%	5.83%	8.42%	5.82%	2.91%	2.29%	16.40%	13.28%	19.30%
EPS	3.66	-2.45	-4.67	-13.52	1.04	1.24	1.09	0.52	2.45	-0.48	0.41	-0.02	-5.80	-8.39	6.62	-41.58	3.28	2.85	1.57	3.26	2.66	2.06	1.80	-0.10	1.61	1.00	0.98	0.95	0.77	0.76	0.83	0.51	0.33	0.29	2.01	1.49	2.00
EPS Diluted	3.64	-2.45	-4.67	-13.52	1.03	1.22	1.08	0.51	2.43	-0.48	0.41	-0.02	-5.80	-8.39	6.62	-41.58	3.28	2.85	1.57	3.26	2.66	2.06	1.80	-0.10	1.61	1.00	0.98	0.95	0.77	0.76	0.83	0.51	0.33	0.29	2.01	1.49	2.00
Weighted Avg Shares Out	215.00M	214.00M	211.00M	130.00M	77.68M	77.00M	67.13M	47.03M	46.55M	29.90M	46.41M	46.41M	125.00M	99.00M	125.00M	125.00M	189.00M	188.00M	150.00M	113.00M	110.00M	114.00M	116.00M	117.00M	129.00M	102.00M	101.00M	104.00M	103.00M	103.00M	103.00M	101.00M	90.00M	78.00M	77.00M	77.00M	77.00M
Weighted Avg Shares Out (Dil)	216.00M	214.00M	211.00M	130.00M	78.59M	78.00M	68.10M	47.70M	47.01M	29.90M	46.41M	46.41M	125.00M	99.00M	125.00M	125.00M	189.00M	188.00M	150.00M	113.00M	110.00M	114.00M	116.00M	117.00M	129.00M	102.00M	101.00M	104.00M	103.00M	103.00M	103.00M	101.00M	90.00M	78.00M	77.00M	77.00M	77.00M

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Activist investor Carl Icahn has made headlines again with a significant position in casino operator Caesars Entertainment NASDAQ: CZR. This revelation caused a notable surge in Caesars' stock, which jumped 15% following the announcement.

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