112 results
10-Q
2024 Q1
Flutter Entertainment plc
14 May 24
Quarterly report
6:16am
Redeemable non-controlling interests | Ordinary Share | Shares held by employee benefit | Additional Paid-In Capital | Accumulated Other Comprehensive Income / (Loss) | Retained Earnings | Total Flutter Shareholders’ Equity | Non-controlling Interests | Total Equity | ||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2023 | 929 | 176,091,902 | 36 | 1,396 | (1) | 1,192 | (1,782) | 11,590 | 11,035 | 156 | 11,191 | |||||||||||||||||||||||||||||||||
Netloss | (7) | — | — | — | — | — | — | (102) | (102) | (2) | (104) | |||||||||||||||||||||||||||||||||
Adjustment of redeemable non-controlling interest to redeemable fair value | 125 | — | — | — | — | — | — | (125) | (125) | — | (125) | |||||||||||||||||||||||||||||||||
Shares issued on exercise of employee share options | — | 330,483 | 0 | — | — | 1 | — | — | 1 | — | 1 | |||||||||||||||||||||||||||||||||
Equity-settled transactions – expense recorded in the income statement | — | — | — | — | — | 32 | — | — | 32 | — | 32 | |||||||||||||||||||||||||||||||||
Other comprehensive income / (loss) | 24 | — | — | — | — | — | 139 | — | 139 | 2 | 141 | |||||||||||||||||||||||||||||||||
Balance at March 31,2023 | 1,071 | 176,422,385 | $ | 36 | 1,396 | $ | (1) | $ | 1,225 | $ | (1,643) | $ | 11,363 | $ | 10,980 | $ | 156 | $ | 11,136 | |||||||||||||||||||||||||
10-Q
2024 Q1
Flutter Entertainment plc
14 May 24
Quarterly report
6:16am
Three months ended March 31, | ||||||||
($ in millions) | 2024 | 2023 | ||||||
Foreign exchange (loss) / gain, net | $ | (3) | $ | 36 | ||||
Fair value gain / (loss) on derivative instruments | 15 | (17) | ||||||
Fair value loss on Fox Option liability | (184) | (64) | ||||||
Fair value loss on investment | (2) | — | ||||||
Total other expense, net | $ | (174) | $ | (45) | ||||
10-Q
2024 Q1
Flutter Entertainment plc
14 May 24
Quarterly report
6:16am
($ in millions) | Gains and losses on CashFlow Hedges | Unrealized Gains and Losses on Available-for- Sale Debt securities | Foreign Currency Items | Total | ||||||||||||
Balance as of December 31, 2023 | $ | (6) | $ | (1) | $ | (1,476) | $ | (1,483) | ||||||||
Other comprehensive income / (loss) before reclassifications | 23 | (1) | (194) | (172) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | (14) | — | — | (14) | ||||||||||||
Net current period other comprehensive income / (loss) | 9 | (1) | (194) | (186) | ||||||||||||
Balance as of March 31, 2024 | $ | 3 | $ | (2) | $ | (1,670) | $ | (1,669) | ||||||||
10-Q
2024 Q1
Flutter Entertainment plc
14 May 24
Quarterly report
6:16am
As of March 31, 2024 | As of December 31, 2023 | ||||||||||||||||||||
Principal outstanding balance in currency of borrowing Local currency (in millions) | Outstanding Balance ($ in millions) | Principal outstanding balance in currency of borrowing Local currency (in millions) | Outstanding Balance ($ in millions) | ||||||||||||||||||
Term Loan B Agreement | USD First Lien Term Loan B due 2028 | $ | — | — | $ | 514 | 514 | ||||||||||||||
EUR First Lien Term Loan B due 2026 | € | 507 | 548 | € | 507 | 560 | |||||||||||||||
TLA/TLB/RCF Agreement | GBP First Lien Term Loan A due 2028 | £ | 1,034 | 1,307 | £ | 1,034 | 1,315 | ||||||||||||||
EUR First Lien Term Loan A due 2028 | € | 380 | 411 | € | 380 | 419 | |||||||||||||||
USD First Lien Term Loan A due 2028 | $ | 166 | 166 | $ | 166 | 166 | |||||||||||||||
USD First Lien Term Loan B due 2030 | $ | 3,905 | 3,908 | $ | 3,400 | 3,400 | |||||||||||||||
GBP Revolving Credit Facility due 2028 | £ | 433 | 548 | £ | 578 | 736 | |||||||||||||||
Total debt principal including accrued interest | 6,888 | 7,110 | |||||||||||||||||||
Less: unamortized debt issuance costs | (52) | (54) | |||||||||||||||||||
Total debt | 6,836 | 7,056 | |||||||||||||||||||
Current portion | (46) | (51) | |||||||||||||||||||
Total long-term debt | $ | 6,790 | $ | 7,005 | |||||||||||||||||
10-Q
2024 Q1
Flutter Entertainment plc
14 May 24
Quarterly report
6:16am
$ in millions | Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Mar-24 | Dec-23 | Mar-24 | Dec-23 | |||||||||||||||||||||||||||||||||||||||||
Balance sheet location | Fair value | Balance sheet location | Fair value | Balance sheet location | Fair value | Balance sheet location | Fair value | |||||||||||||||||||||||||||||||||||||
Derivatives designated as cash flow hedges: | Cross-currency interest rate swaps | Prepaid expenses and other current assets | $ | — | Prepaid expenses and other current assets | $ | — | Other current liabilities | $ | (96) | Other current liabilities | $ | (104) | |||||||||||||||||||||||||||||||
Cross-currency interest rate swaps | Other non-current assets | — | Other non-current assets | — | Other non-current liabilities | (10) | Other non-current liabilities | (21) | ||||||||||||||||||||||||||||||||||||
Interest rate swaps | Other non-current assets | 5 | Other non-current assets | — | Other non-current liabilities | — | Other non-current liabilities | — | ||||||||||||||||||||||||||||||||||||
Total derivatives designated as cash flow hedges | $ | 5 | $ | — | $ | (106) | $ | (125) | ||||||||||||||||||||||||||||||||||||
Derivatives designated as net investment hedges: | Cross-currency interest swaps | Other non-current assets | 4 | Other non-current assets | $ | — | Other non-current liabilities | $ | — | Other non-current liabilities | $ | (1) | ||||||||||||||||||||||||||||||||
Total derivatives designated as hedging instrument | 4 | $ | — | $ | — | $ | (1) | |||||||||||||||||||||||||||||||||||||
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