Flutter Entertainment plc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 26, 2024
FLUT$81.99+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive (Loss)
($ in millions except share and per share amounts)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $11,790 | $9,463 | $8,308 |
| Cost of Sales | (6,202) | (4,813) | (3,881) |
| Gross profit | 5,588 | 4,650 | 4,427 |
| Technology, research and development expenses | (765) | (552) | (634) |
| Sales and marketing expenses | (3,776) | (3,014) | (2,819) |
| General and administrative expenses | (1,596) | (1,172) | (1,423) |
| Operating loss | (549) | (88) | (449) |
| Other (expense) income, net | (157) | 5 | 101 |
| Interest expense, net | (385) | (212) | (215) |
| Loss before income taxes | (1,091) | (295) | (563) |
| Income tax expense | (120) | (75) | (194) |
| Net loss | (1,211) | (370) | (757) |
| Net gain/(loss) attributable to non-controlling interests and redeemable non-controlling interests | 13 | (1) | (13) |
| Adjustment of redeemable non-controlling interest to redemption value | (2) | 63 | 179 |
| Net loss attributable to Flutter shareholders | (1,222) | (432) | (923) |
| Net loss per share | |||
| Basic | (6.89) | (2.44) | (5.24) |
| Diluted | (6.89) | (2.44) | (5.24) |
| Other comprehensive income / (loss), before tax: | |||
| Effective portion of changes in fair value of cash flow hedges | (121) | 80 | 26 |
| Fair value of cash flow hedges transferred to the income statement | 93 | (72) | (11) |
| Foreign exchange gain / (loss) on net investment hedges | 30 | (145) | 30 |
| Foreign exchange gain / (loss) on translation of the net assets of foreign currency denominated entities | 357 | (896) | (673) |
| Fair value movements on available for sale debt instruments | 5 | (4) | (1) |
| Other comprehensive income / (loss) | 364 | (1,037) | (629) |
| Other comprehensive income / (loss) attributable to Flutter shareholders | 299 | (926) | (627) |
| Other comprehensive income / (loss) attributable to non-controlling interest and redeemable non-controlling interest | 65 | (111) | (2) |
| Total comprehensive loss for the year | $(847) | $(1,407) | $(1,386) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.