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Caesars Entertainment cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$95.0M in Q3 2026 · $582M over twelve months

Operating cash flow$267M
Capital spending−$172M
Free cash flow+$95.0M

Analysis

In Q3 2026, Caesars Entertainment generated $267M of operating cash flow and spent $172M on capital projects, leaving free cash flow of $95.0M. That is $28.0M less than in Q3 2025 ($123M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.2B; the largest uses were capital spending ($664M), net borrowing (+) / repaid (−) ($264M), partners ($91.0M); the cash balance rose by $38.0M.

Operating cash flow was $267M against net income of −$107M. The largest differences: depreciation & amortization +$366M, payables −$133M, prepaid and other assets +$45.0M.

Free cash flow

Caesars Entertainment: free cash flow by quarterCaesars Entertainment: free cash flow by quarter$30.0MQ4 2024−$5.0MQ1 2025$232MQ2 2025$123MQ3 2025$147MQ4 2025$36.0MQ1 2026$304MQ2 2026$95.0MQ3 2026
Operating cash flow less capital spending.
Caesars Entertainment: operating cash flow against capital spendingCaesars Entertainment: operating cash flow against capital spendingOperating cash flowCapital spending$309M$279MQ4 2024$218M$223MQ1 2025$462M$230MQ2 2025$318M$195MQ3 2025$304M$157MQ4 2025$204M$168MQ1 2026$471M$167MQ2 2026$267M$172MQ3 2026
Latest (Q3 2026): Operating cash flow $267M, Capital spending $172M.

Capital allocation, year by year

Caesars Entertainment: where the cash came from (up) and went (down), by fiscal yearCaesars Entertainment: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow $1.2BFY2021: Net borrowing −$1.0BFY2021: Shares issued $6.0MFY2021: Capital spending −$520M$1.2BFY2021FY2022: Operating cash flow $993MFY2022: Net borrowing −$1.2BFY2022: Shares issued $2.0MFY2022: Capital spending −$952M$995MFY2022FY2023: Operating cash flow $1.8BFY2023: Net borrowing −$646MFY2023: Capital spending −$1.3B$1.8BFY2023FY2024: Operating cash flow $1.1BFY2024: Net borrowing −$145MFY2024: Capital spending −$1.3BFY2024: Buybacks −$191M$1.1BFY2024FY2025: Operating cash flow $1.3BFY2025: Net borrowing −$389MFY2025: Capital spending −$805MFY2025: Buybacks −$229M$1.3BFY2025
Over these 5 years operating cash flow totalled $6.4B; the largest uses were capital spending ($4.8B) and net borrowing ($3.5B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$864M
Debt$11.7B
Net debt$10.8B
Due within a year$114M

Caesars Entertainment funds itself: free cash flow was $582M over the last twelve months, and $864M of cash and investments stands against $11.7B of debt ($114M due within a year, 7.6× covered by cash).

Caesars Entertainment: debt maturities by year (FY2025)Caesars Entertainment: debt maturities by year (FY2025)$114MYear 1$114MYear 2$805MYear 3$1.6BYear 4$4.0BYear 5$5.3BAfter year 5
Principal due in each year as disclosed in the annual report, against $864M of cash and investments now.

Where the cash came from and went

Caesars Entertainment: sources (+) and uses (−) of cash, Q3 2026Caesars Entertainment: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$267MCapital spending−$172MNet borrowing (+) / repaid (−)−$148MCash drawn (+) / kept (−)$100MPartners−$24.0MOther investing−$13.0MOther financing−$10.0M
Caesars Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Caesars Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.2BCapital spending−$664MNet borrowing (+) / repaid (−)−$264MPartners−$91.0MOther investing−$87.0MBuybacks−$50.0MOther financing−$38.0MCash drawn (+) / kept (−)−$38.0MTaxes on employees’ shares−$14.0M

From profit to cash

Caesars Entertainment: net income to operating cash flow, Q3 2026Caesars Entertainment: net income to operating cash flow, Q3 2026Net income−$107MDepreciation & amortization$366MStock-based pay$23.0MGains on investments$2.0MGains on disposals$1.0MOther non-cash−$3.0MReceivables$16.0MPayables−$133MPrepaid and other assets$45.0MIncome taxes payable−$3.0MOperating cash flow$267M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$267M−$172M—−$148M$100M$95.0M
Q2 2026$471M−$167M—−$110M−$103M$304M
Q1 2026$204M−$168M—$12.0M$10.0M$36.0M
Q4 2025$304M−$157M−$50.0M−$18.0M−$45.0M$147M
Q3 2025$318M−$195M−$79.0M−$349M$147M$123M
Q2 2025$462M−$230M—−$30.0M−$77.0M$232M
Q1 2025$218M−$223M—$8.0M$7.0M−$5.0M
Q4 2024$309M−$279M−$50.0M−$404M−$90.0M$30.0M

Caesars Entertainment: income statement and cash flow

Caesars Entertainment, Q3 2026: revenue $2.9B (+2% year over year), operating margin 15.5%. The chart follows the revenue to costs, profit and cash.

Caesars Entertainment: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.