Caesars Entertainment, Inc. balance sheet
At the end of fiscal 2025, Caesars Entertainment, Inc. had total assets of $31.64bn, total liabilities of $27.95bn and shareholders' equity of $3.50bn. It held $887m in cash against $11.90bn of debt: net debt of $11.02bn.
Balance sheet
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 1.8 | 1.1 | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 |
| Receivables | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 |
| Inventory | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total current assets | — | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 | 0.6 | 6.1 | 6.0 | 2.1 | 2.0 | 1.7 | 1.8 | 1.8 |
| Goodwill | — | — | 0.1 | 0.1 | 0.1 | 0.7 | 1.0 | 0.9 | 9.9 | 11.1 | 11.0 | 11.0 | 10.6 | 10.4 | 10.4 |
| Total assets | — | 0.3 | 1.2 | 1.3 | 1.3 | 3.5 | 5.9 | 5.6 | 36.4 | 38.0 | 33.5 | 33.4 | 32.6 | 31.6 | 31.4 |
| Accounts payable | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 |
| Deferred revenue (current) | — | — | — | — | — | — | — | 0.0 | 0.3 | 0.6 | 0.7 | 0.7 | 0.6 | 0.5 | — |
| Total current liabilities | — | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.7 | 2.5 | 5.3 | 2.7 | 2.7 | 2.3 | 2.3 | 2.2 |
| Short-term debt | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Long-term debt | — | 0.2 | 0.8 | 0.9 | 0.8 | 2.2 | 3.3 | 2.3 | 14.1 | 13.7 | 12.7 | 12.2 | 12.0 | 11.7 | 11.4 |
| Total debt | 0.0 | 0.2 | 0.8 | 0.9 | 0.8 | 2.2 | 3.3 | 2.6 | 15.0 | 14.3 | 13.1 | 12.4 | 12.3 | 11.9 | 11.7 |
| Total liabilities | — | 0.2 | 1.0 | 1.1 | 1.0 | 2.6 | 4.9 | 4.5 | 31.4 | 33.5 | 29.8 | 28.6 | 28.2 | 28.0 | 27.9 |
| Shareholders' equity | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.9 | 1.0 | 1.1 | 5.0 | 4.5 | 3.7 | 4.6 | 4.2 | 3.5 | 3.3 |
| Net debt (negative = net cash) | −0.0 | 0.1 | 0.7 | 0.8 | 0.8 | 2.1 | 3.1 | 2.4 | 13.2 | 13.3 | 12.0 | 11.4 | 11.4 | 11.0 | 10.8 |
| Shares outstanding | — | — | — | 47m | 47m | 77m | 77m | 78m | — | 214m | 215m | 216m | 211m | 203m | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0.5 | 0.4 | 0.5 | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total current assets | 1.7 | 1.8 | 1.9 | 1.7 | 1.8 | 1.8 | 2.0 | 1.8 |
| Goodwill | 10.6 | 10.6 | 10.6 | 10.6 | 10.4 | 10.4 | 10.4 | 10.4 |
| Total assets | 32.6 | 32.4 | 32.5 | 31.9 | 31.6 | 31.7 | 31.7 | 31.4 |
| Accounts payable | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |
| Deferred revenue (current) | 0.6 | — | — | — | 0.5 | — | — | — |
| Total current liabilities | 2.3 | 2.1 | 2.3 | 2.2 | 2.3 | 2.1 | 2.3 | 2.2 |
| Short-term debt | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Long-term debt | 12.0 | 12.0 | 12.0 | 11.7 | 11.7 | 11.7 | 11.6 | 11.4 |
| Total debt | 12.1 | 12.2 | 12.1 | 11.8 | 11.8 | 11.8 | 11.7 | 11.6 |
| Total liabilities | 28.2 | 28.1 | 28.4 | 27.9 | 28.0 | 28.1 | 28.2 | 27.9 |
| Shareholders' equity | 4.2 | 4.1 | 3.9 | 3.8 | 3.5 | 3.4 | 3.4 | 3.3 |
| Shares outstanding | 211m | — | — | — | 203m | — | — | — |
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