For the year ending 2025-12-31, FLUT had $131M increase in cash & cash equivalents over the period. $1,079M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -407 | 162 |
| Depreciation and amortization | 1,517 | 1,097 |
| Impairment loss | 561 | 0 |
| Change in fair value of derivatives | 11 | -2 |
| Non-cash interest expense (income), net | 53 | 19 |
| Non-cash operating lease expense | 141 | 142 |
| Unrealized foreign currency exchange gain, net | 88 | 15 |
| Loss on disposals | -11 | -7 |
| Share-based compensation equity classified | 246 | 196 |
| Share-based compensation liability classified | 14 | 6 |
| Other (income) expense, net | 300 | -428 |
| Deferred tax benefit | -145 | -348 |
| Loss on extinguishment | -23 | -7 |
| Change in contingent consideration | 0 | -3 |
| Player deposits | - | -33 |
| Player deposits - investments | -120 | - |
| Accounts receivable | 0 | 11 |
| Prepaid expenses and other current assets | 60 | 73 |
| Accounts payable | -20 | -7 |
| Other liabilities | -106 | -104 |
| Player deposit liability | -227 | 212 |
| Operating leases liabilities | -138 | -148 |
| Net cash provided by operating activities | 1,184 | 1,602 |
| Purchases of property and equipment | 105 | 144 |
| Purchases of intangible assets | 162 | 136 |
| Capitalized software | 510 | 381 |
| Acquisitions, net of cash acquired | 2,688 | 160 |
| Proceeds from disposal of long lived assets | 5 | 0 |
| Cash settlement of derivatives designated in net investment hedge | 21 | 10 |
| Net cash used in investing activities | -3,481 | -811 |
| Proceeds from issue of ordinary share upon exercise of options | 7 | 30 |
| Proceeds from issuance of long-term debt (net of transactions costs with lenders) | 10,830 | 1,684 |
| Transaction costs with third parties from issuance of long-term debt | 22 | - |
| Repayment of long-term debt | 5,606 | 1,948 |
| Acquisition of non-controlling interests | - | 0 |
| Acquisition of redeemable non-controlling interests | 1,620 | - |
| Distributions to non-controlling interests | 29 | 16 |
| Payment of contingent consideration | 19 | 0 |
| Repurchase of ordinary shares and taxes withheld and paid on employee share awards | 1,123 | 219 |
| Proceeds from sale of non-controlling interests | 10 | - |
| Net cash provided by (used in) financing activities | 2,428 | -469 |
| Net increase in cash, cash equivalents and restricted cash | 131 | 322 |
| Cash, cash equivalents and restricted cash beginning of year | 3,509 | 3,271 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | 192 | -84 |
| Cash, cash equivalents and restricted cash end of year | 3,832 | 3,509 |
Flutter Entertainment plc (FLUT)
Flutter Entertainment plc (FLUT)