Flutter Entertainment plc (LSE:FLTR) Annual Report 2021



The latest annual report of Flutter Entertainment plc (FLTR) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - FLTR Annual Results

Amounts in GBP

Total Revenue
6.04B
Gross Profit
3.77B
EBIT
203.3M
Net Tangible Assets
-3.78B
Net Income
-415.8M
Capital Expenditures
-89.3M

FLTR Income Statement 2021 Annual Report

As per the latest Income Statement of FLTR, the Net revenue increased by £1.6223B (37%) compared to the previous period. The operating income in 2021 decreased by £-56.30M (-22%). The net income as per the annual report was -415.8M which decreased by £-453.70M (-1197%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 6.04B 4.41B
Gross Profit 3.77B 2.87B
Operating Income 203.3M 259.6M
Income Before Tax -288.4M 1.1M
Net Income -415.8M 37.9M

Balance Sheet - FLTR 2021 Annual Report

Read further: FLTR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Flutter Entertainment plc showed the company increased the cash on balance sheet by £348.30M (58%). The Net tangible assets of FLTR on the balance sheet were at -3.78B which is £126.90M (3%) more than previous annual report. The total stockholder equity also decreased by £-714.20M (-7%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 951.7M 603.4M
Total Assets 16.78B 16.99B
Long Term Debt 3.6B 3.19B
Total Liabilities 6.49B 6B
Total Shareholder Equity 10.25B 10.97B
Net Tangible Assets -3.78B -3.91B

Cash Flow Statement - FLTR 2021 Annual Report

The 2021 annual cash flow statement of Flutter Entertainment plc showed that the net income decreased by £-453.70M (-1197%) compared to previous reporting period. Also the capital expenditure of FLTR decreased by £-30.00M (-51%).

As of 2021, the total cash from investing activities was -238.9M and total cash from financing activities was -83.2M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -415.8M 37.9M
Capital Expenditures -89.3M -59.3M
Dividends Paid - -
Total Cash From From Investing Activities -238.9M 234.9M
Total Cash From From Financing Activities -83.2M -754.8M

Flutter Entertainment plc Annual Report History

Income Statement

Income Statement history of Flutter Entertainment plc (LSE:FLTR)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 6.04B 4.41B 2.14B 1.87B
Cost Of Revenue 2.26B 1.54B 650.2M 469.9M
Gross Profit 3.77B 2.87B 1.49B 1.4B
Research Development - - - -
Selling General Administrative 2.77B 1.97B 1.06B 952.5M
Non Recurring - - - -
Other Operating Expenses - - - 15M
Total Operating Expenses 5.83B 4.15B 1.97B 1.61B
Operating Income 203.3M 259.6M 167.5M 259.8M
Total Other Income Expense Net -491.7M -258.5M -31.8M -41.1M
Ebit 203.3M 259.6M 167.5M 259.8M
Interest Expense -124.7M -140.7M -15.2M -3.7M
Income Before Tax -288.4M 1.1M 135.7M 218.7M
Income Tax Expense 123.5M 35.8M 23.8M 38M
Minority Interest 37.5M 30.8M 204.9M 213.3M
Net Income From Continuing Ops -411.9M -34.7M 111.9M 180.7M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -415.8M 37.9M 144M 201.4M
Net Income Applicable To Common Shares -415.8M 37.9M 144M 201.4M

Balance Sheet Statement

Balance Sheet Statement history of Flutter Entertainment plc (LSE:FLTR)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 951.7M 603.4M 108.1M 123.7M
Net Receivables 124.6M 90.1M 18.8M 14.1M
Other Current Assets 760.6M 670.7M 189.1M 167.2M
Total Current Assets 1.96B 1.46B 361.8M 372.7M
Long Term Investments 73.5M 19.9M 100k 2.4M
Property Plant Equipment 451.4M 361.9M 298.2M 130.4M
Good Will 9.35B 9.52B 4.12B 4.08B
Intangible Assets 4.69B 5.36B 501M 538.8M
Other Assets 254.5M 273.9M 119.8M 58.9M
Deferred Long Term Asset Charges 8.2M 7.4M 11.9M 10.7M
Total Assets 16.78B 16.99B 5.4B 5.18B
Accounts Payable 74.2M 79.7M 25.3M 21.3M
Short Long Term Debt 400k 126M 500k 400k
Other Current Liab 924.7M 784M 236.7M 294M
Long Term Debt 3.6B 3.19B 115.7M 283M
Other Liab 591.3M 679M 78.3M 105.8M
Deferred Long Term Liab 191.8M 173.7M 57.5M 39.3M
Minority Interest 37.5M 30.8M 204.9M 213.3M
Total Current Liabilities 2.07B 1.98B 885.5M 578.4M
Total Liab 6.49B 6B 1.21B 967.2M
Common Stock 477.6M 2.48B 428.3M 424.8M
Retained Earnings 9.82B 405M 3.54B 3.53B
Treasury Stock -43M 8.08B 16.9M 43.1M
Other Stockholder Equity -43M 8.12B 57.6M 83.8M
Total Stockholder Equity 10.25B 10.97B 3.98B 4B
Net Tangible Assets -3.78B -3.91B -636.6M -616.1M

Cash Flow Statement

Cash Flow Statement history of Flutter Entertainment plc (LSE:FLTR)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income -415.8M 37.9M 144M 201.4M
Depreciation 797.7M 645.5M 257.7M 191.5M
Change To Netincome 280.1M 16.8M -51.5M -7.8M
Change To Account Receivables -40.5M 18.1M 13.1M -30.2M
Change To Liabilities 64M 280.1M 56.1M -24.5M
Total Cash From Operating Activities 685.5M 998.4M 419.4M 330.4M
Capital Expenditures -89.3M -59.3M -44M -31.6M
Other Cashflows From Investing Activities 300k -3.5M 900k 1.7M
Total Cashflows From Investing Activities -238.9M 234.9M -234.2M -74.3M
Net Borrowings 368.6M -968.9M 46.4M 143.2M
Other Cashflows From Financing Activities -284.3M -1.75B -12.9M 2M
Total Cash From Financing Activities -83.2M -754.8M -205.9M -436.5M
Effect Of Exchange Rate -15.1M 16.8M 100k -2.5M
Change In Cash 348.3M 495.3M -20.6M -182.9M
Repurchase Of Stock -180.7M -180.7M -86.8M -415M
Issuance Of Stock 13.2M 1.97B 3.6M 2.3M
Dividends Paid - - -156.2M -169M