v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 1 Months Ended 2 Months Ended 5 Months Ended 6 Months Ended
Feb. 07, 2025
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:        
Net loss $ (51,024)   $ (193,920) $ (234,110)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 22,343   119,213 238,528
Non-cash amortization of right of use assets 7,228   35,390 28,876
Share-based compensation 1,954   5,090 7,530
Non-cash amortization of debt discount and debt issuance costs 1,004   35,521 5,781
Loss on extinguishment of debt 0   17,372 0
Deferred income taxes (3,010)   31,902 31,654
Gain on fair value of fair value option assets 0   (66,267) 0
(Income) loss from equity method investments 594   (1,464) (789)
Foreign exchange gain (194)   4,947 (3,799)
Other operating activities 3,511   (8,070) (6,502)
Changes in operating assets and liabilities (62,592)   79,085 (40,227)
Net cash provided by (used in) operating activities (80,186)   58,799 39,699
Cash flows from investing activities:        
Cash paid for acquisitions, net of cash acquired 0   21,233 208
Proceeds from net investment hedges 0 $ 0   2,051
Cash paid for The Star Investment 0   (83,720) 0
Capital expenditures (16,424)   (79,422) (63,762)
Cash paid for capitalized software (2,315)   (20,533) (24,209)
Acquisition of gaming licenses 0   (2,000) (1,211)
Other investing activities 1,042   890 (679)
Net cash used in investing activities (17,697)   (163,552) (87,602)
Cash flows from financing activities:        
Issuance of long-term debt 97,000   893,000 230,000
Repayments of long-term debt (10,000)   (347,486) (224,725)
Deferred payables 11,064   4,682 60,796
Payment of financing fees 0   (21,326) 0
Cash paid for repurchased shares 0   (416,180) 0
Bally’s Chicago Inc. issuance under private placement 0   12,361 0
Other financing activities (76)   (5,356) (6,269)
Net cash provided by financing activities 97,988   119,695 59,802
Effect of foreign currency on cash and cash equivalents and restricted cash (457)   (4,941) (2,812)
Net change in cash and cash equivalents and restricted cash (352)   10,001 9,087
Cash and cash equivalents and restricted cash, beginning of period 231,254 $ 230,902 230,902 315,262
Cash and cash equivalents and restricted cash, end of period 230,902   240,903 324,349
Supplemental disclosure of cash flow information:        
Cash paid for interest, net of amounts capitalized 39,069   116,136 158,505
Income taxes paid, net of refunds (73)   15,044 (13,630)
Non-cash investing and financing activities:        
Unpaid property and equipment 15,772   64,602 25,746
Unpaid capitalized software 6,158   1,149 781
Intralot shares received as settlement of loan receivable 0   46,905 0
Unpaid equity method investment 0   6,001 0
Bally’s Chicago - land development liability 0   0 1,931
Company Merger        
Non-cash investing and financing activities:        
Consideration issues 0   955,647 0
Queen        
Non-cash investing and financing activities:        
Consideration issues $ 0   $ 555,751 $ 0