Bally's Corp
For the period ended Mar 31, 2026. Filed May 18, 2026.
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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, 2026 · Filed May 18, 2026
BALY$12.02+0.3%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 (unaudited)
| Successor · Predecessor | |||
|---|---|---|---|
| (in thousands) | Three Months Ended March 31, 2026 | Period from February 8, 2025 to March 31, 2025 | Period from January 1, 2025 to February 7, 2025 |
| Cash flows from operating activities: | |||
| Net (loss) income | $(160,857) | $34,516 | $(51,024) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 97,443 | 47,481 | 22,343 |
| Non-cash amortization of right of use assets | 22,004 | 12,744 | 7,228 |
| Share-based compensation | 2,551 | 2,740 | 1,954 |
| Non-cash amortization of debt discount and debt issuance costs | 19,004 | 14,648 | 1,004 |
| Gain on sale-leaseback | (105,845) | — | — |
| Loss on extinguishment of debt | 63,420 | 17,372 | — |
| Deferred income taxes | 12,492 | (71,798) | (3,010) |
| Change in fair value of fair value option assets | 104,273 | (5,544) | — |
| (Income) loss from equity method investments | 2,913 | (863) | 594 |
| Change in value of performance warrants | — | — | 1,180 |
| Change in contingent consideration payable | — | (867) | 786 |
| Foreign exchange gain | (21,088) | (1,591) | (194) |
| Other operating activities | (29,819) | 854 | 1,545 |
| Changes in operating assets and liabilities | (151,512) | (7,691) | (62,592) |
| Net cash (used in) provided by operating activities | (145,021) | 42,001 | (80,186) |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions, net of cash acquired | — | 21,233 | — |
| Proceeds from sale-leaseback | 685,000 | — | — |
| Proceeds from net investment hedges | — | — | — |
| Cash paid for asset acquisitions | (16,212) | — | — |
| Capital expenditures | (38,864) | (30,457) | (16,424) |
| Cash paid for capitalized software | (9,880) | (10,611) | (2,315) |
| Acquisition of gaming licenses | (500,000) | — | — |
| Other investing activities | 143 | (962) | 1,042 |
| Net cash provided by (used in) investing activities | 120,187 | (20,797) | (17,697) |
| Cash flows from financing activities: | |||
| Issuance of long-term debt | 1,918,241 | 695,000 | 97,000 |
| Repayments of long-term debt | (2,042,084) | (259,623) | (10,000) |
| Deferred payables, net | 39,635 | 8,973 | 11,064 |
| Share repurchases | — | (416,180) | — |
| Payment of financing fees | (19,875) | (21,326) | — |
| Payment of contingent consideration | (115,000) | — | — |
| Purchase of incremental Intralot shares | (20,861) | — | — |
| Bally’s Chicago Inc. share issuance | — | 12,361 | — |
| Other financing activities | (2,502) | (5,132) | (76) |
| Net cash (used in) provided by financing activities | (242,446) | 14,073 | 97,988 |
| Effect of foreign currency on cash and cash equivalents and restricted cash | 13,981 | (1,497) | (457) |
| Net change in cash and cash equivalents and restricted cash | (253,299) | 33,780 | (352) |
| Cash and cash equivalents and restricted cash, beginning of period | 906,686 | 230,902 | 231,254 |
| Cash and cash equivalents and restricted cash, end of period | $653,387 | $264,682 | $230,902 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Successor · Predecessor | |||
|---|---|---|---|
| (in thousands) | Three Months Ended March 31, 2026 | Period from February 8, 2025 to March 31, 2025 | Period from January 1, 2025 to February 7, 2025 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest, net of amounts capitalized | $109,134 | $42,339 | $39,069 |
| Income taxes paid, net of refunds | 13,403 | 7,550 | (73) |
| Non-cash investing and financing activities: | |||
| Unpaid property and equipment | $11,944 | $21,603 | $15,772 |
| Unpaid capitalized software | 182 | 1,529 | 6,158 |
| Consideration issued for the Company Merger | — | 955,647 | — |
| Consideration issued for the Queen Merger | — | 555,751 | — |
| Liability for NY land asset acquisition | (185,428) | — | — |
| GLP Capital, L.P. partnership units received | 15,143 | — | — |
| NCI issued for asset acquisition | (1,900) | — | — |
| Successor · Predecessor | |||
|---|---|---|---|
| Reconciliation of cash and cash equivalents and restricted cash: | March 31, 2026 | December 31, 2025 | February 7, 2025 |
| Cash and cash equivalents | $559,304 | $798,423 | $173,549 |
| Restricted cash | 94,083 | 108,263 | 57,353 |
| Total cash and cash equivalents and restricted cash | $653,387 | $906,686 | $230,902 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.