Flutter Entertainment plc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
FLUT$82.51+0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| ($ in millions) | Year ended December 31, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $162 | $(1,211) | $(370) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | |||
| Depreciation and amortization | 1,097 | 1,285 | 1,075 |
| Impairment loss | — | 725 | — |
| Change in fair value of derivatives | 2 | (7) | (152) |
| Non-cash interest expense (income), net | 19 | (12) | 7 |
| Non-cash operating lease expense | 142 | 117 | 96 |
| Unrealized foreign currency exchange (gain) loss, net | (15) | (225) | 196 |
| Loss on disposals | 7 | 5 | — |
| Share-based compensation – equity classified | 196 | 180 | 132 |
| Share-based compensation – liability classified | 6 | 10 | 49 |
| Other expense (income), net | 428 | 163 | (89) |
| Deferred tax (benefit) | (348) | (132) | (145) |
| Loss on extinguishment of long-term debt | 7 | 6 | 65 |
| Change in contingent consideration | (3) | (2) | (6) |
| Change in operating assets and liabilities: | |||
| Player deposits | 33 | (1) | (72) |
| Accounts receivable | (11) | 23 | (12) |
| Prepaid expenses and other current assets | (73) | 146 | (97) |
| Accounts payable | (7) | (4) | (24) |
| Other current liabilities | (104) | 366 | 207 |
| Player deposit liability | 212 | (382) | 376 |
| Operating leases liabilities | (148) | (113) | (73) |
| Net cash provided by operating activities | 1,602 | 937 | 1,163 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (144) | (159) | (122) |
| Purchases of intangible assets | (136) | (175) | (100) |
| Capitalized software | (381) | (268) | (207) |
| Acquisitions, net of cash acquired | (160) | — | (2,095) |
| Proceeds from disposal of property and equipment | — | — | 7 |
| Cash settlement of derivatives designated in net investment hedge | 10 | — | — |
| Net cash (used in) investing activities | (811) | (602) | (2,517) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issue of ordinary share upon exercise of options | 30 | 13 | 9 |
| Proceeds from issuance of long-term debt (net of transaction costs) | 1,684 | 2,018 | 4,692 |
| Repayment of long-term debt | (1,948) | (1,837) | (2,646) |
| Acquisition of non-controlling interests | — | (95) | (251) |
| Distributions to non-controlling interests | (16) | — | (7) |
| Payment of contingent consideration | — | — | (11) |
| Repurchase of ordinary shares and taxes withheld and paid on employee share awards | (219) | (212) | (3) |
| Net cash (used in) provided by financing activities | (469) | (113) | 1,783 |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 322 | 222 | 429 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year | 3,271 | 2,990 | 2,681 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | (84) | 59 | (120) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of year | $3,509 | $3,271 | $2,990 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
($ in millions)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH comprise of: | |||
| Cash and cash equivalents | $1,531 | $1,497 | $966 |
| Cash and cash equivalents—restricted | 48 | 22 | 16 |
| Player deposits – cash and cash equivalents | 1,930 | 1,752 | 2,008 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of year | $3,509 | $3,271 | $2,990 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Interest paid | 462 | 408 | 222 |
| Income tax paid (net of refunds) | 255 | 255 | 199 |
| Operating cash flows from operating leases | 174 | 133 | 92 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Purchase of property and equipment with accrued expense | 15 | — | 21 |
| Right-of-use assets obtained in exchange of operating lease liabilities | 155 | 73 | 148 |
| Adjustments to lease balances as a result of remeasurement | 47 | 22 | 18 |
| Business acquisitions (including deferred consideration) | 2 | — | — |
| Proceeds from issuance as part of debt restructuring | — | 5,267 | — |
| Principal amount of extinguishment as part of debt restructuring | — | 4,622 | — |
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