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)

20212020
Total Revenue6.04B4.41B
Gross Profit3.77B2.87B
Operating Income203.3M259.6M
Income Before Tax-288.4M1.1M
Net Income-415.8M37.9M

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)

20212020
Cash951.7M603.4M
Total Assets16.78B 16.99B
Long Term Debt3.6B3.19B
Total Liabilities6.49B 6B
Total Shareholder Equity10.25B10.97B
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)

20212020
Net Income-415.8M37.9M
Capital Expenditures-89.3M-59.3M
Dividends Paid--
Total Cash From From Investing Activities-238.9M234.9M
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 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue6.04B4.41B2.14B1.87B
Cost Of Revenue2.26B1.54B650.2M469.9M
Gross Profit3.77B2.87B1.49B1.4B
Research Development----
Selling General Administrative2.77B1.97B1.06B952.5M
Non Recurring----
Other Operating Expenses---15M
Total Operating Expenses5.83B4.15B1.97B1.61B
Operating Income203.3M259.6M167.5M259.8M
Total Other Income Expense Net-491.7M-258.5M-31.8M-41.1M
Ebit203.3M259.6M167.5M259.8M
Interest Expense-124.7M-140.7M-15.2M-3.7M
Income Before Tax-288.4M1.1M135.7M218.7M
Income Tax Expense123.5M35.8M23.8M38M
Minority Interest37.5M30.8M204.9M213.3M
Net Income From Continuing Ops-411.9M-34.7M111.9M180.7M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-415.8M37.9M144M201.4M
Net Income Applicable To Common Shares-415.8M37.9M144M201.4M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash951.7M603.4M108.1M123.7M
Net Receivables124.6M90.1M18.8M14.1M
Other Current Assets760.6M670.7M189.1M167.2M
Total Current Assets1.96B1.46B361.8M372.7M
Long Term Investments73.5M19.9M100k2.4M
Property Plant Equipment451.4M361.9M298.2M130.4M
Good Will9.35B9.52B4.12B4.08B
Intangible Assets4.69B5.36B501M538.8M
Other Assets254.5M273.9M119.8M58.9M
Deferred Long Term Asset Charges8.2M7.4M11.9M10.7M
Total Assets16.78B16.99B5.4B5.18B
Accounts Payable74.2M79.7M25.3M21.3M
Short Long Term Debt400k126M500k400k
Other Current Liab924.7M784M236.7M294M
Long Term Debt3.6B3.19B115.7M283M
Other Liab591.3M679M78.3M105.8M
Deferred Long Term Liab191.8M173.7M57.5M39.3M
Minority Interest37.5M30.8M204.9M213.3M
Total Current Liabilities2.07B1.98B885.5M578.4M
Total Liab6.49B6B1.21B967.2M
Common Stock477.6M2.48B428.3M424.8M
Retained Earnings9.82B405M3.54B3.53B
Treasury Stock-43M8.08B16.9M43.1M
Other Stockholder Equity-43M8.12B57.6M83.8M
Total Stockholder Equity10.25B10.97B3.98B4B
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 202131 Dec 202031 Dec 201931 Dec 2018
Net Income-415.8M37.9M144M201.4M
Depreciation797.7M645.5M257.7M191.5M
Change To Netincome280.1M16.8M-51.5M-7.8M
Change To Account Receivables-40.5M18.1M13.1M-30.2M
Change To Liabilities64M280.1M56.1M-24.5M
Total Cash From Operating Activities685.5M998.4M419.4M330.4M
Capital Expenditures-89.3M-59.3M-44M-31.6M
Other Cashflows From Investing Activities300k-3.5M900k1.7M
Total Cashflows From Investing Activities-238.9M234.9M-234.2M-74.3M
Net Borrowings368.6M-968.9M46.4M143.2M
Other Cashflows From Financing Activities-284.3M-1.75B-12.9M2M
Total Cash From Financing Activities-83.2M-754.8M-205.9M-436.5M
Effect Of Exchange Rate-15.1M16.8M100k-2.5M
Change In Cash348.3M495.3M-20.6M-182.9M
Repurchase Of Stock-180.7M-180.7M-86.8M-415M
Issuance Of Stock13.2M1.97B3.6M2.3M
Dividends Paid---156.2M-169M