Caesars Entertainment, Inc. (CZR) quarterly cash flow statement — complete operating, investing & financing history
Caesars Entertainment, Inc. (CZR) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 471M | 204M | 304M | 318M | 462M | 241M | 309M | 271M | 454M | 80M | 508M | 348M | 779M | 174M | 524M | 353M | 357M | -259M | 253M | 314M |
| Operating CF Margin % | 15.74% | 7.11% | 10.43% | 11.08% | 15.89% | 8.63% | 11.04% | 9.43% | 16.04% | 2.92% | 17.98% | 11.62% | 27.06% | 6.15% | 18.57% | 12.23% | 12.66% | -11.3% | 9.76% | 11.69% |
| Operating CF Growth % | 1.95% | -15.35% | -1.62% | 17.34% | 1.76% | 201.25% | -39.17% | -22.13% | -41.72% | -54.02% | -3.05% | -1.42% | 118.21% | 167.18% | 107.11% | 12.42% | -33.02% | -554.39% | 166.23% | 362.68% |
| Net Income | -41M | -83M | -250M | -55M | -82M | -115M | 11M | -9M | -122M | -158M | -72M | 74M | 920M | -136M | -148M | 52M | 34M | -451M | -442M | -229M |
| Depreciation & Amortization | 355M | 347M | 344M | 352M | 364M | 357M | 345M | 326M | 326M | 327M | 318M | 320M | 388M | 300M | 370M | 398M | 306M | 300M | 284M | 276M |
| Stock-Based Compensation | 23M | 24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29M | 27M | 24M | 26M | 0 | 0 | 0 | 0 |
| Deferred Taxes | -12M | 12M | -10M | -25M | 13M | 11M | 19M | 43M | 10M | 15M | 16M | 47M | 0 | -50M | 0 | 0 | 0 | 0 | -283M | 0 |
| Other Non-Cash Items | 62M | 59M | 281M | 105M | 106M | 130M | -22M | 124M | 228M | 126M | 141M | 123M | -550M | 278M | 329M | -75M | 17M | -108M | 694M | 267M |
| Working Capital Changes | 84M | -155M | -61M | -59M | 61M | -142M | -44M | -213M | 12M | -230M | 105M | -216M | -8M | -245M | -51M | -48M | 0 | 0 | 0 | 0 |
| Change in Receivables | -53M | 29M | -62M | 46M | -57M | 20M | -23M | 67M | -5M | 47M | -65M | -40M | -17M | 40M | -80M | -35M | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 187M | -135M | 21M | -100M | 174M | -113M | -32M | -254M | 33M | -247M | 145M | -187M | 0 | -263M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -222M | -189M | -155M | 18M | -228M | -229M | 275M | -426M | -328M | -264M | -359M | -314M | -236M | -231M | -218M | 231M | -197M | -198M | -239M | 212M |
| Capital Expenditures | -125M | -210M | -160M | -196M | -230M | -223M | -279M | -439M | -329M | -264M | -369M | -337M | -316M | -272M | -235M | -257M | -261M | -210M | -237M | -146M |
| CapEx % of Revenue | 4.18% | 7.32% | 5.49% | 6.83% | 7.91% | 7.98% | 9.97% | 15.27% | 11.63% | 9.63% | 13.06% | 11.26% | 10.98% | 9.61% | 8.33% | 8.9% | 9.25% | 9.16% | 9.15% | 5.44% |
| Acquisitions | -98M | 19M | 1M | 214M | 3M | 0 | 554M | 0 | 0 | 0 | 16M | 23M | 77M | 1M | 18M | 17M | 1M | 3M | -13M | 735M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 2M | 6M | -3M | -2M | -6M | 0 | 0 | 1M | 0 | -4M | 0 | 0 | 40M | -6M | 471M | -31M | -18M | -22M | -533M |
| Cash from Financing | -146M | -25M | -104M | -483M | -157M | -19M | -494M | 122M | -32M | -94M | -21M | -346M | -439M | -23M | -244M | -887M | -114M | -37M | -882M | 170M |
| Debt Issued (Net) | -88M | 3M | -27M | -358M | -36M | 6M | -443M | 266M | -17M | -80M | -17M | -269M | -437M | -10M | -242M | -884M | -111M | -17M | -871M | 176M |
| Equity Issued (Net) | 0 | 0 | -50M | -79M | -100M | 0 | -50M | -141M | 0 | 0 | 0 | 0 | 0 | 0 | 1M | -3M | 0 | 0 | 3M | 0 |
| Dividends Paid | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -50M | -79M | -100M | 0 | -50M | -141M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3M | 0 | 0 | 0 | 0 |
| Other Financing | -74M | -28M | -27M | -46M | -21M | -25M | -1M | -3M | -15M | -14M | -4M | -77M | -2M | -13M | -3M | 0 | -3M | -20M | -14M | -6M |
| Net Change in Cash | 106M | -13M | 49M | -144M | 81M | 25M | 58M | -38M | 89M | -275M | 156M | -277M | 128M | -49M | 89M | -62M | 143M | -390M | 15M | 9M |
| Free Cash Flow | 346M | -6M | 147M | 123M | 232M | 18M | 30M | -153M | 125M | -184M | 139M | 26M | 478M | -98M | 289M | 107M | 96M | -469M | 46M | 178M |
| FCF Margin % | 11.56% | -0.21% | 5.04% | 4.29% | 7.98% | 0.64% | 1.07% | -5.32% | 4.42% | -6.71% | 4.92% | 0.87% | 16.6% | -3.46% | 10.24% | 3.71% | 3.4% | -20.46% | 1.78% | 6.63% |
| FCF Growth % | 49.14% | -133.33% | 390% | 180.39% | 85.6% | 109.78% | -78.42% | -688.46% | -73.85% | -87.76% | -51.9% | -75.7% | 397.92% | 79.1% | 528.26% | -39.89% | -77.2% | -5762.5% | 110.2% | 202.58% |
| FCF per Share | 1.70 | -0.03 | 0.72 | 0.59 | 1.11 | 0.08 | 0.14 | -0.71 | 0.58 | -0.85 | 0.64 | 0.12 | 2.22 | -0.46 | 1.34 | 0.50 | 0.45 | -2.19 | 0.21 | 0.83 |
| FCF Conversion (FCF/Net Income) | -11.49x | -2.08x | -1.22x | -5.78x | -5.63x | -2.10x | 28.09x | -30.11x | -3.72x | -0.51x | -7.06x | 4.70x | 0.85x | -1.28x | -3.54x | 6.79x | -2.90x | 0.38x | -0.58x | -1.35x |
| Interest Paid | 0 | 0 | 0 | 0 | 531M | 0 | 507M | 684M | 528M | 657M | 424M | 667M | 426M | 615M | 439M | 585M | 414M | 572M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 58M | 0 | 11M | 17M | 17M | 3M | 3M | 12M | 9M | 2M | 4M | 4M | 8M | 6M | 0 | 0 |