Inspired Entertainment, Inc.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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FY2024 · Filed Mar 26, 2025
INSE$4.65+17.0%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 | Year Ended December 31, 2023 | Year Ended December 31, 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $64.8 | $6.9 | $21.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 43.3 | 39.6 | 39.9 |
| Amortization of right of use asset | 4.4 | 3.8 | 3.5 |
| Profit on disposal of trade and assets | — | — | (0.9) |
| Stock-based compensation expense | 7.6 | 11.2 | 10.8 |
| Reclassification of loss on hedging instrument to comprehensive income | — | 0.3 | 0.7 |
| Amortization of deferred financing fees relating to senior debt | 1.1 | 2.0 | 1.8 |
| Deferred tax | (69.4) | — | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | (22.8) | 1.1 | (13.5) |
| Inventory | 3.8 | (0.3) | (16.7) |
| Prepaid expenses and other assets | 5.8 | (8.0) | (5.7) |
| Corporate tax and other current taxes payable | 1.1 | (6.4) | (6.1) |
| Accounts payable and accrued expenses | (10.6) | 4.5 | 5.8 |
| Deferred revenue and customer prepayment | 7.2 | 4.7 | (4.4) |
| Operating lease liabilities | (4.0) | (3.9) | (3.8) |
| Pension contributions | (1.5) | (1.4) | (1.4) |
| Other long-term liabilities | 0.9 | 0.6 | (1.6) |
| Net cash provided by operating activities | 31.7 | 54.7 | 29.6 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (17.0) | (32.0) | (20.6) |
| Acquisition of subsidiary company assets | — | — | (0.6) |
| Acquisition of third-party company trade and assets | — | (0.6) | — |
| Disposal of trade and assets | — | — | 1.3 |
| Purchases of capital software and internally developed costs | (11.8) | (14.7) | (10.4) |
| Contract cost expense | (11.3) | (10.3) | (7.2) |
| Net cash used in investing activities | (40.1) | (57.6) | (37.5) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of revolver | — | 18.9 | — |
| Repurchase of common stock | — | (1.6) | (10.4) |
| Repayments of finance leases | (1.6) | (1.1) | (0.6) |
| Net cash (used in) provided by financing activities | (1.6) | 16.2 | (11.0) |
| Effect of exchange rate changes on cash | (0.7) | 1.7 | (3.9) |
| Net (decrease) increase in cash | (10.7) | 15.0 | (22.8) |
| Cash, beginning of period | 40.0 | 25.0 | 47.8 |
| Cash, end of period | $29.3 | $40.0 | $25.0 |
| Supplemental cash flow disclosures | |||
| Cash paid during the period for interest | $26.6 | $24.0 | $23.0 |
| Cash paid during the period for income taxes | $2.5 | $5.0 | $— |
| Cash paid during the period for operating leases | $9.2 | $6.6 | $7.8 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Additional paid in capital from net settlement of RSUs | $(3.0) | $(2.9) | $(4.1) |
| Lease liabilities arising from obtaining finance lease right of use assets | $(18.7) | — | — |
| Lease liabilities arising from obtaining operating lease right of use assets | $(6.5) | $(0.9) | $(1.8) |
| Adjustment to customer relationships intangible asset arising from adjustment to fair value of assets acquired | $— | $— | $(0.9) |
| Right of use property and equipment assets acquired through finance lease | $21.9 | $1.2 | $— |
| Property and equipment transferred to inventory | $— | $— | $0.8 |
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