Caesars Entertainment Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
CZR$29.30+0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| (In millions) | 2024 | 2023 | 2022 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $(211) | $828 | $(910) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Discontinued operations, net of income taxes | — | — | 386 |
| Depreciation and amortization | 1,324 | 1,261 | 1,205 |
| Amortization of deferred financing costs and discounts | 179 | 200 | 297 |
| Provision for doubtful accounts | 49 | 41 | 25 |
| Loss on extinguishment of debt | 89 | 200 | 85 |
| Non-cash lease amortization | 26 | 51 | 54 |
| (Gain) loss on investments | (7) | (5) | 54 |
| Stock-based compensation expense | 94 | 104 | 101 |
| (Gain) loss on sale or disposal of property, equipment, trademark and businesses | (359) | 22 | 5 |
| Impairment charges | 302 | 95 | 108 |
| Deferred income taxes | 87 | (888) | (41) |
| Gain on derivatives | — | — | (73) |
| Other non-cash adjustments to net (income) loss | (23) | (40) | (57) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | 86 | (82) | (143) |
| Prepaid expenses and other assets | (13) | 39 | (15) |
| Income taxes receivable and payable, net | (48) | (27) | (7) |
| Accounts payable, accrued expenses and other liabilities | (500) | 10 | (82) |
| Other | — | — | 1 |
| Net cash provided by operating activities | 1,075 | 1,809 | 993 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase of property and equipment | (1,296) | (1,264) | (952) |
| Acquisition of gaming rights and developed technology | (15) | (30) | (11) |
| Proceeds from sale of property, equipment, trademark and businesses | 554 | 1 | 39 |
| Proceeds from the sale of investments | 14 | 4 | 126 |
| Proceeds from insurance related to property damage | — | — | 36 |
| Distribution from unconsolidated affiliate | 39 | — | — |
| Investments in unconsolidated affiliates | — | (3) | — |
| Other | — | 36 | (6) |
| Net cash used in investing activities | (704) | (1,256) | (768) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from long-term debt and revolving credit facilities | 7,525 | 5,460 | 1,500 |
| Repayments of long-term debt and revolving credit facilities | (7,670) | (6,106) | (2,738) |
| Financing obligation payments | (8) | (8) | (3) |
| Debt issuance and extinguishment costs | (121) | (79) | (12) |
| Proceeds from issuance of common stock | — | — | 1 |
| Repurchase of common stock | (191) | — | — |
| Taxes paid related to net share settlement of equity awards | (17) | (27) | (27) |
| Payments to acquire ownership interest in subsidiary | — | (66) | — |
| Contributions from noncontrolling interest owners | — | 116 | — |
| Distributions to noncontrolling interest owners | (16) | (3) | (3) |
| Net cash used in financing activities | (498) | (713) | (1,282) |
| Years Ended December 31, | |||
|---|---|---|---|
| (In millions) | 2024 | 2023 | 2022 |
| CASH FLOWS FROM DISCONTINUED OPERATIONS: | |||
| Cash flows from operating activities | — | — | (18) |
| Cash flows from investing activities | — | — | 386 |
| Net cash from discontinued operations | — | — | 368 |
| Effect of foreign currency exchange rates on cash | — | — | (29) |
| Decrease in cash, cash equivalents and restricted cash | (127) | (160) | (718) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,143 | 1,303 | 2,021 |
| Cash, cash equivalents and restricted cash, end of period | $1,016 | $1,143 | $1,303 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONSOLIDATED BALANCE SHEETS: | |||
| Cash and cash equivalents | $866 | $1,005 | $1,038 |
| Restricted cash | 95 | 122 | 131 |
| Restricted and escrow cash included in other long-term assets | 55 | 16 | 134 |
| Total cash, cash equivalents and restricted cash | $1,016 | $1,143 | $1,303 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash interest paid for debt | $1,052 | $846 | $805 |
| Cash interest paid for rent related to financing obligations | 1,324 | 1,286 | 1,205 |
| Income taxes paid, net | 48 | 26 | 22 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Payables for capital expenditures | 174 | 169 | 145 |
| Acquisition of intangible assets | 32 | — | — |
| Note receivable from WSOP trademark sale | 250 | — | — |
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