Flutter Entertainment plc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
FLUT$82.51+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated statements of cash flows
($ in millions)
| Three months endedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(177) | $(111) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 297 | 297 |
| Change in fair value of derivatives | (15) | 17 |
| Non-cash interest income, net | (1) | (8) |
| Non-cash operating lease expense | 32 | 31 |
| Unrealized foreign currency exchange loss / (gain), net | 8 | (36) |
| Share-based compensation – equity classified | 40 | 32 |
| Share-based compensation – liability classified | 1 | 14 |
| Other expense, net | 186 | 64 |
| Deferred tax benefit | (48) | (113) |
| Change in contingent consideration | — | (2) |
| Change in operating assets and liabilities: | ||
| Player deposits - investments | — | (7) |
| Accounts receivable, net | 19 | 45 |
| Prepaid expenses and other current assets | 13 | (73) |
| Accounts payable | (18) | 25 |
| Other current liabilities | (40) | (119) |
| Player deposit liability | 73 | (77) |
| Operating leases liabilities | (33) | (28) |
| Net cash provided by / (used in) operating activities | 337 | (49) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (22) | (18) |
| Purchases of intangible assets | (57) | (43) |
| Capitalized software | (73) | (66) |
| Acquisitions, net of cash acquired | (107) | — |
| Net cash used in investing activities | (259) | (127) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issue of ordinary share upon exercise of options | 14 | 1 |
| Proceeds from issuance of long-term debt (net of transaction costs) | 639 | 609 |
| Repayment of long-term debt | (834) | (608) |
| Net cash (used in)/provided by financing activities | (181) | 2 |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (103) | (174) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of the period | 3,271 | 2,990 |
| Foreign currency exchange gain on cash and cash equivalents | (11) | 25 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of the period | 3,157 | 2,841 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of: | ||
| Cash and cash equivalents | $1,353 | $821 |
| Cash and cash equivalents – restricted | 22 | 28 |
| Player deposits – cash & and cash equivalents | 1,782 | 1,992 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of the period | $3,157 | $2,841 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid | 123 | 97 |
| Income taxes paid | 29 | 52 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Operating cash flows from operating leases | 38 | 32 |
| Right of use assets obtained in exchange for new operating lease liabilities | 20 | 20 |
| Adjustments to lease balances as a result of remeasurement. | (2) | 6 |
| Business acquisitions (including contingent consideration) | $26 | $— |
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