Company profile

Ticker
CZR, ERI
Exchange
Website
CEO
Thomas R. Reeg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Eclair Holdings Co, Eldorado Resorts, Inc.
SEC CIK

CZR stock data

(
)

Calendar

6 Aug 20
10 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 126.47M 473.07M 592.12M 663.18M
Net income -100M -175.64M -13.22M 37.06M
Diluted EPS -1.25 -2.25 -0.17 0.47
Net profit margin -79.07% -37.13% -2.23% 5.59%
Operating income -78.33M -123.18M 58.91M 124.91M
Net change in cash 278.74M 465.43M -2.51M 25.69M
Cash on hand 950.48M 671.75M 206.32M 208.83M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.53B 2.06B 1.47B 892.9M
Net income 81M 95.24M 73.38M 24.53M
Diluted EPS 1.03 1.22 1.08 0.51
Net profit margin 3.20% 4.63% 4.98% 2.75%
Operating income 409.97M 310.1M 94.81M 88.7M
Net change in cash -24.44M 96.16M 73.57M -17.25M
Cash on hand 206.32M 230.75M 134.6M 61.03M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 Jul 20 Kozicz Gregory J. Common Stock Option exercise Aquire M No 0 2,945 0 15,390
20 Jul 20 Kozicz Gregory J. Common Stock Option exercise Aquire M No 0 4,305 0 12,445
20 Jul 20 Kozicz Gregory J. Common Stock Option exercise Aquire M No 0 4,612 0 8,140
20 Jul 20 Kozicz Gregory J. RSU Common Stock Option exercise Dispose M No 0 2,945 0 0
20 Jul 20 Kozicz Gregory J. RSU Common Stock Option exercise Dispose M No 0 4,305 0 0
20 Jul 20 Kozicz Gregory J. RSU Common Stock Option exercise Dispose M No 0 4,612 0 0
20 Jul 20 Hawkins James B Common Stock Option exercise Aquire M No 0 2,945 0 128,082
20 Jul 20 Hawkins James B Common Stock Option exercise Aquire M No 0 4,305 0 125,137
20 Jul 20 Hawkins James B Common Stock Option exercise Aquire M No 0 4,612 0 120,832
20 Jul 20 Hawkins James B Common Stock Option exercise Aquire M No 0 6,984 0 116,220
13F holders
Current Prev Q Change
Total holders 229 247 -7.3%
Opened positions 58 46 +26.1%
Closed positions 76 37 +105.4%
Increased positions 83 87 -4.6%
Reduced positions 62 79 -21.5%
13F shares
Current Prev Q Change
Total value 1.15B 4.89B -76.4%
Total shares 80.01M 81.98M -2.4%
Total puts 3.37M 1.49M +126.4%
Total calls 8.92M 3.47M +157.0%
Total put/call ratio 0.4 0.4 -11.9%
Largest owners
Shares Value Change
FMR 10.49M $151.12M +0.0%
BLK BlackRock 7.44M $107.1M -22.7%
Vanguard 5.98M $86.15M +1.5%
Canyon Capital Advisors 5.25M $75.53M -0.1%
Frontier Capital Management 4.05M $58.25M +11.9%
Point Break Capital Management 3.63M $52.33M +10.3%
HG Vora Capital Management 3M $43.2M +20.0%
GS Goldman Sachs 2.08M $29.94M -3.4%
STT State Street 2.04M $29.4M +1.5%
Westfield Capital Management 2.02M $29.08M -10.2%
Largest transactions
Shares Bought/sold Change
BLK BlackRock 7.44M -2.19M -22.7%
IVZ Invesco 1.6M +1.36M +568.3%
Lafitte Capital Management 335.17K -1.24M -78.8%
Villere ST Denis J & Co 1.07M +1.07M NEW
Park West Asset Management 0 -1.04M EXIT
Oaktree Capital Management 1M +1M NEW
CS Credit Suisse 115.74K -919.27K -88.8%
Highline Capital Management 0 -677.13K EXIT
Hood River Capital Management 119.55K -666.06K -84.8%
Susquehanna International 1.03M +659.57K +178.2%

Financial report summary

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Management Discussion
  • Operating Results. Net revenues declined $510.7 million and $673.4 million, or 80.1% and 52.9%, for the three and six months ended June 30, 2020, respectively, compared to the same prior year periods. Excluding the impact of the Divestitures, net revenues decreased $455.0 million and $555.1 million, or 78.2% and 48.1%, for the three and six months ended June 30, 2020, respectively, compared to the same prior year periods. The decline in net revenues was primarily due to the negative impact of COVID-19 and the resulting closure of our properties in mid-March 2020, which began reopening mid-May 2020 based on state orders and restrictions.
  • Operating (loss) income declined $180.9 million and $427.7 million, or 176.4% and 189.1%, for the three and six months ended June 30, 2020, respectively, compared to the same prior year periods. Excluding the impact of the Divestitures, operating (loss) income decreased $170.6 million and $408.2 million, or 184.9% and 197.5%, for the three and six months ended June 30, 2020, respectively. The changes in operating (loss) income were mainly due to the negative impact of COVID-19 on net revenues in addition to transaction costs associated with the acquisition of Caesars and impairment charges totaling $160.8 million recorded during the six months ended June 30, 2020.
  • Net (loss) income decreased $118.9 million and $332.8 million, or 628.1% and 582.2%, for the three and six months ended June 30, 2020, respectively, compared to the same prior year periods. Excluding the impact of the Divestitures, net (loss) income decreased $111.1 million and $317.7 million or 1001.5% and 755.5% for the three and six months ended June 30, 2020, respectively. The changes to net (loss) income, including Divestitures, were principally due to the same factors impacting operating (loss) income, offset by the benefit for income taxes totaling $33.7 million for the three months ended June 30, 2020 as compared to a provision of $10.4 million for the comparative period and a benefit of $70.8 million for six months ended June 30, 2020 as compared to a provision of $20.8 million for the comparative period.
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