Playtika Holding Corp
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
PLTK$2.73+5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net income | $235.0 | $275.3 | $308.5 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation | 45.7 | 45.9 | 42.5 |
| Amortization of intangible assets | 112.3 | 116.1 | 103.0 |
| Impairment of intangible assets | 51.3 | — | — |
| Stock-based compensation | 110.0 | 123.5 | 100.4 |
| Change in deferred taxes, net | (46.6) | (46.0) | (72.7) |
| Amortization and write-off of loan discount | 7.0 | 7.4 | 31.5 |
| Change in contingent consideration | 1.4 | (13.1) | (5.0) |
| Capital gain from sale of investment | — | — | (1.2) |
| Loss (gain) from foreign currency | (2.8) | 8.8 | (0.2) |
| Non-cash lease expenses (income) | 3.5 | (6.2) | 0.2 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (25.6) | 1.0 | (7.5) |
| Prepaid expenses and other current and non-current assets | (35.0) | (142.0) | 28.8 |
| Accounts payable | (9.3) | 5.7 | 5.9 |
| Accrued expenses and other current and non-current liabilities | 68.7 | 117.3 | 17.5 |
| Net cash provided by operating activities | 515.6 | 493.7 | 551.7 |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (32.6) | (68.3) | (47.4) |
| Capitalization of internal use software costs | (37.4) | (30.1) | (33.1) |
| Purchase of software for internal use | (9.2) | (11.6) | (19.1) |
| Payments for business combination, net of cash acquired | (159.6) | (29.9) | (394.1) |
| Proceeds from short-term bank deposits | — | 100.1 | — |
| Investment in short-term bank deposits | — | — | (100.0) |
| Investments in unconsolidated entities | (1.8) | (34.8) | (17.8) |
| Other investing activities | 0.4 | — | 2.1 |
| Net cash used in investing activities | (240.2) | (74.6) | (609.4) |
| Cash flows from financing activities | |||
| Proceeds from bank borrowings, net | — | — | 887.7 |
| Repayments on bank borrowings | (14.3) | (19.0) | (965.3) |
| Proceeds from issuance of unsecured notes, net | — | — | 178.9 |
| Proceeds from issuance of common stock, net | — | — | 470.4 |
| Payment of debt issuance costs | — | — | (12.0) |
| Payment for tender offer | — | (603.5) | — |
| Payment of tax withholdings on stock-based payments | (3.9) | (2.6) | — |
| Net cash out flow for business acquisitions and other | — | (26.9) | — |
| Net cash provided by (used in) financing activities | (18.2) | (652.0) | 559.7 |
| Effect of exchange rate changes on cash and cash equivalents | 4.1 | (15.7) | (6.6) |
| Net change in cash, cash equivalents and restricted cash | 261.3 | (248.6) | 495.4 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 770.4 | 1,019.0 | 523.6 |
| Cash, cash equivalents and restricted cash at the end of the period | $1,031.7 | $770.4 | $1,019.0 |
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Supplemental cash flow disclosures | |||
| Cash paid for income taxes | $169.8 | $160.7 | $102.3 |
| Cash paid for interest | $146.0 | $107.5 | $93.9 |
| Cash received for interest | $38.3 | $13.5 | $0.5 |
| Non-cash financing and investing activities | |||
| Contingent consideration related to business acquisition | $65.4 | $11.4 | $33.7 |
| Accrued purchases of property and equipment and intangible assets | $17.0 | $— | $— |
| Right-of-use assets acquired under operating leases | $14.6 | $44.9 | $41.0 |
| Capitalization of stock-based compensation costs | $3.0 | $2.0 | $2.7 |
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