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Caesars Entertainment Balance Sheet 2025-2011 | CZR
Brief overview of Caesars Entertainment's balance sheet structure
The review uses the five latest available annual reports between 2021 and 2025.
Assets declined from $38 billion to $31.6 billion, or -16.8%. The contraction calls for context such as disposals, restructuring or weaker operations.
Assets and liabilities changed at similar rates, -16.8% and -16.5%. The funding mix did not shift sharply.
The equity ratio equals 11.1%, with a starting level of 11.9%. Stable cash flow is important under this structure.
Each unit of equity supports 3.08x of net debt. This elevated load requires dependable cash generation.
The cash reserve occupies 2.8% of the balance sheet, previously 2.8%. It is one marker of short-term resilience.
Retained earnings are negative at -$3.3 billion. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Overall picture
Caesars Entertainment's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet Caesars Entertainment
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
10.8 B | 11.2 B | 11.2 B | 11.7 B | 12.7 B | 12.4 B | 2.36 B | 3.03 B | 2.06 B | 739 M | 788 M | 691 M | 141 M | 19.7 B | 18.9 B |
Long Term Debt |
11.7 B | 12 B | 12.2 B | 12.7 B | 13.7 B | 67 M | 2.32 B | 3.26 B | 2.19 B | 796 M | 862 M | 779 M | 168 M | 20.5 B | 19.8 B |
Long Term Debt Current |
20 M | 21 M | 23 M | 50 M | 70 M | 52 M | 20 M | 462 K | 615 K | 4.54 M | 4.52 M | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 1.3 B | 3.83 B | 4.48 B | 2.38 B | 894 M | 949 M | 932 M | 169 M | 25.8 B | 25.9 B |
Total Current Liabilities |
2.25 B | 2.27 B | 2.69 B | 2.67 B | 5.3 B | 2.58 B | 688 M | 402 M | 224 M | 102 M | 106 M | 91.8 M | - | - | - |
Total Liabilities |
28 B | 28.2 B | 28.6 B | 29.8 B | 33.5 B | 31.4 B | 4.52 B | 4.88 B | 2.6 B | 996 M | 1.05 B | 1.02 B | 195 M | 28.4 B | 27.5 B |
Deferred Revenue |
546 M | 592 M | 749 M | 747 M | - | 1.17 B | 13.5 M | 17.6 M | - | - | - | - | - | 114 M | 170 M |
Retained Earnings |
-3.3 B | -2.8 B | -2.52 B | -3.31 B | - | -1.39 B | 366 M | 290 M | 198 M | 125 M | 99.8 M | -14.4 M | - | -7.37 B | -5.78 B |
Total Assets |
31.6 B | 32.6 B | 33.4 B | 33.5 B | 38 B | 36.4 B | 5.64 B | 5.91 B | 3.55 B | 1.29 B | 1.33 B | 1.18 B | 270 M | 28 B | 28.5 B |
Cash and Cash Equivalents |
887 M | 866 M | 1 B | 1.04 B | 1.07 B | 1.76 B | 206 M | 231 M | 135 M | 61 M | 78.3 M | 87.6 M | 29.8 M | 25.3 M | - |
Book Value |
3.69 B | 4.38 B | 4.72 B | 3.75 B | 4.54 B | 5.03 B | 1.12 B | 1.03 B | 945 M | 298 M | 271 M | 152 M | 75.6 M | -412 M | 1.01 B |
Total Shareholders Equity |
3.5 B | 4.16 B | 4.72 B | 3.75 B | 4.54 B | 5.02 B | 1.12 B | 1.03 B | 942 M | 296 M | 271 M | 152 M | 75.6 M | 61 M | - |
All numbers in USD currency
Quarterly Balance Sheet Caesars Entertainment
| 2026-Q1 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
11.7 B | 12 B | 12 B | 12.4 B | 12.2 B | 12.2 B | 12.2 B | 12.5 B | - | 12.7 B | - | - | 13.7 B | 13.7 B | 14.5 B | 13.8 B | 14.1 B | 14.1 B | 14.1 B | 14.1 B | 14.1 B | 2.32 B | 2.32 B | 2.32 B | 2.32 B | 3.26 B | 3.26 B | 3.26 B | 3.26 B | 2.19 B | 2.19 B | 2.19 B | 2.19 B | 796 M | 796 M | 796 M | 796 M | 862 M | 862 M | 862 M | 862 M | 775 M | 775 M | 779 M | 779 M | 168 M | 168 M | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
28.1 B | 28.4 B | 28.1 B | 28.6 B | 28.6 B | 28.5 B | 28.5 B | 28.8 B | - | 29.8 B | - | - | 33.2 B | 33.5 B | 34 B | 33.7 B | 31.4 B | 31.4 B | 31.4 B | 31.4 B | 31.4 B | 4.52 B | 4.52 B | 4.52 B | 4.52 B | 4.88 B | 4.88 B | 4.88 B | 4.88 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 998 M | 996 M | 996 M | 996 M | 1.05 B | 1.05 B | 1.05 B | 1.05 B | 1.02 B | 1.02 B | 1.02 B | 1.02 B | 195 M | 195 M | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | 614 M | - | - | - | 251 M | - | - | - | 32 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | - | - | - | - | - | - | - | - | - | -2.41 B | - | - | - | -1.39 B | - | 90.8 M | 191 M | 366 M | 380 M | 366 M | 366 M | 290 M | 290 M | 290 M | 290 M | 195 M | 195 M | 195 M | 195 M | 122 M | 125 M | 125 M | 125 M | 99.8 M | 99.8 M | 99.8 M | 99.8 M | -14.4 M | -14.4 M | -14.4 M | -14.4 M | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
31.7 B | 32.5 B | 32.4 B | 33 B | 33.1 B | 33.1 B | 33.2 B | 33.5 B | - | 33.5 B | - | - | 37.1 B | 38 B | 39 B | 38.8 B | 36 B | 36.4 B | 36.4 B | 36.4 B | 36.4 B | 5.64 B | 5.64 B | 5.64 B | 5.64 B | 5.91 B | 5.91 B | 5.91 B | 5.91 B | 3.55 B | 3.55 B | 3.55 B | 3.55 B | 1.29 B | 1.29 B | 1.29 B | 1.29 B | 1.33 B | 1.33 B | 1.33 B | 1.33 B | 1.17 B | 1.17 B | 1.18 B | 1.18 B | 270 M | 270 M | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
867 M | 982 M | 884 M | 802 M | 830 M | 726 M | 841 M | 1.12 B | 965 M | 1.04 B | 944 M | 997 M | 814 M | 1.07 B | 1.07 B | 1.13 B | 1.81 B | 1.78 B | 1.78 B | 1.78 B | 1.76 B | 206 M | 206 M | 206 M | 206 M | 231 M | 231 M | 231 M | 231 M | 135 M | 135 M | 135 M | 135 M | 61 M | 61 M | 61 M | 61 M | 78.3 M | 78.3 M | 78.3 M | 78.3 M | 87.6 M | 87.6 M | 87.6 M | 87.6 M | 29.8 M | 29.8 M | - | - | 25.3 M | - | - | - | 30.2 M | - | - | - |
Book Value |
3.6 B | 4.12 B | 4.28 B | 4.38 B | 4.5 B | 4.59 B | 4.74 B | 4.67 B | - | 3.75 B | - | - | 3.85 B | 4.54 B | 4.95 B | 5.16 B | 4.63 B | 5.03 B | 5.03 B | 5.03 B | 5.03 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 942 M | 942 M | 942 M | 942 M | 296 M | 298 M | 298 M | 298 M | 271 M | 271 M | 271 M | 271 M | 152 M | 152 M | 152 M | 152 M | 75.6 M | 75.6 M | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
3.42 B | 3.9 B | 4.28 B | 4.18 B | 4.5 B | 4.59 B | 4.74 B | 4.67 B | 3.64 B | 3.71 B | 3.89 B | 3.71 B | 3.85 B | 4.48 B | 4.89 B | 5.13 B | 4.61 B | 5.02 B | 5.02 B | 5.02 B | 5.02 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 942 M | 942 M | 942 M | 942 M | 296 M | 298 M | 298 M | 298 M | 268 M | 271 M | 271 M | 146 M | 152 M | 164 M | 152 M | 152 M | 75.6 M | 75.6 M | - | - | 61 M | - | - | - | 66 M | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Caesars Entertainment, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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