Flutter Entertainment plc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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)
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $6 | $(309) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Depreciation and amortization | 827 | 917 |
| Change in fair value of derivatives | 4 | (31) |
| Non-cash interest expense, net | 28 | (39) |
| Non-cash operating lease expense | 96 | 93 |
| Foreign currency exchange (gain) loss | (24) | 9 |
| Loss on disposal | 6 | 1 |
| Share-based compensation – equity classified | 149 | 135 |
| Share-based compensation – liability classified | 4 | — |
| Other expense (net) | 216 | 99 |
| Deferred taxes | (117) | (181) |
| Loss on extinguishment of long-term debt | 5 | 1 |
| Change in contingent consideration | (3) | — |
| Change in operating assets and liabilities: | ||
| Player deposits | 16 | (17) |
| Accounts receivable | 6 | 33 |
| Other assets | (29) | 244 |
| Accounts payable | (18) | 7 |
| Other liabilities | (198) | 62 |
| Player deposit liability | 81 | (389) |
| Operating leases liabilities | (105) | (89) |
| Net cash provided by operating activities | 950 | 546 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (87) | (70) |
| Purchases of intangible assets | (149) | (113) |
| Capitalized software | (246) | (200) |
| Acquisitions, net of cash acquired | (160) | — |
| Cash settlement of derivatives designated in net investment hedge | (5) | — |
| Net cash used in investing activities | (647) | (383) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issue of common stock upon exercise of options | 21 | 7 |
| Proceeds from issuance of long-term debt (net of transactions costs) | 1,684 | 704 |
| Repayment of long-term debt | (1,939) | (813) |
| Acquisition of non-controlling interests | — | (95) |
| Dividend distributed to non-controlling interests | (10) | — |
| Repurchase of common stock | — | (212) |
| Net cash used in financing activities | (244) | (409) |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 59 | (246) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period | 3,271 | 2,990 |
| Foreign currency exchange gain (loss) on cash and cash equivalents | 80 | (43) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period: | 3,410 | 2,701 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of: | ||
| Cash and cash equivalents | $1,483 | $918 |
| Cash and cash equivalents - restricted | 56 | 16 |
| Player deposits - cash & cash equivalents | 1,871 | 1,767 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period: | $3,410 | $2,701 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid | 343 | 359 |
| Income taxes paid | 178 | 209 |
| Operating cash flows from operating leases | 124 | 103 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Right of use assets obtained in exchange for new operating lease liabilities | 140 | 43 |
| Adjustments to lease balances as a result of remeasurement | 28 | 10 |
| Business acquisitions (including contingent consideration) | $2 | $— |
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