Flutter Entertainment plc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
View on SEC.govAbout this filing
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$82.51+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
($ in millions)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(1,211) | $(370) | $(757) |
| Adjustments to reconcile net loss to net cash from operating activities: | |||
| Depreciation and amortization | 1,285 | 1,075 | 1,010 |
| Impairment Loss | 725 | — | — |
| Change in fair value of derivatives | (7) | (152) | (141) |
| Non-cash interest (income) / expense, net | (12) | 7 | 17 |
| Non-cash operating lease expense | 117 | 96 | 70 |
| Unrealized foreign currency exchange (gain) / loss, net | (225) | 196 | 101 |
| Loss / (gain) on disposal | 5 | — | (16) |
| Share-based compensation – equity classified | 180 | 132 | 63 |
| Share-based compensation – liability classified | 10 | 49 | 425 |
| Other (expense) / income, net | 163 | (89) | 69 |
| Deferred tax benefit | (132) | (145) | (12) |
| Loss / (gain) on extinguishment of long-term debt | 6 | 65 | (130) |
| Change in contingent consideration | (2) | (6) | 7 |
| Change in operating assets and liabilities: | |||
| Player deposits | (1) | (72) | — |
| Accounts receivable | 23 | (12) | (17) |
| Prepaid expenses and other current assets | 146 | (97) | (41) |
| Accounts payable | (4) | (24) | (1) |
| Other current liabilities | 366 | 207 | (117) |
| Player deposit liability | (382) | 376 | 80 |
| Operating leases liabilities | (113) | (73) | (57) |
| Net cash provided by operating activities | 937 | 1,163 | 553 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (159) | (122) | (122) |
| Purchases of intangible assets | (175) | (100) | (85) |
| Capitalized software | (268) | (207) | (152) |
| Acquisitions, net of cash acquired | — | (2,095) | (70) |
| Proceeds from disposal of property and equipment | — | 7 | 175 |
| Net cash (used in) investing activities | (602) | (2,517) | (254) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issue of common share upon exercise of options | 13 | 9 | 18 |
| Proceeds from issuance of long-term debt (net of transaction costs) | 2,018 | 4,692 | 1,661 |
| Repayment of long-term debt | (1,837) | (2,646) | (1,033) |
| Acquisition of non-controlling interests | (95) | (251) | — |
| Distributions to non-controlling interests | — | (7) | (23) |
| Payment of contingent consideration | — | (11) | (10) |
| Repurchase of common share | (212) | (3) | (252) |
| Net cash (used in) / provided by financing activities | (113) | 1,783 | 361 |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 222 | 429 | 660 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year | 2,990 | 2,681 | 2,151 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash. | 59 | (120) | (130) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of year | $3,271 | $2,990 | $2,681 |
FLUTTER ENTERTAINMENT PLC
($ in millions)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of: | |||
| Cash and cash equivalents | $1,497 | $966 | $1,286 |
| Cash and cash equivalents—restricted | 22 | 16 | 10 |
| Player deposits – cash and cash equivalents | 1,752 | 2,008 | 1,385 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of year | $3,271 | $2,990 | $2,681 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Interest paid | 408 | 222 | 214 |
| Income tax paid (net of refunds) | 255 | 199 | 191 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Purchase of intangible assets with accrued expense | — | 21 | — |
| Operating lease right-of-use assets obtained in exchange of operating lease liabilities | 73 | 148 | 135 |
| Adjustments to lease balances as a result of remeasurement | 22 | 18 | 20 |
| Business acquisitions (including contingent consideration) | — | — | 24 |
| Cancellation of Treasury Shares | — | — | 60 |
| Reduction in capital | — | — | 13,631 |
| Proceeds from issuance as part of debt restructuring | 5,267 | — | — |
| Principal amount of extinguishment as part of debt restructuring | 4,622 | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.