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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 287 $ 508 $ 307
Less: Income from discontinued operations, net of tax 152 238 43
Adjustments to reconcile net income to net cash (used in) provided by operating activities from continuing operations:      
Amortization of upfront license fees 223 198 199
Depreciation 182 171 176
Foreign exchange loss (gain), net 124 (52) 44
Amortization 39 33 40
Loss on extinguishment of debt 19 0 5
Stock-based compensation 15 38 34
Deferred income taxes (45) (36) (36)
Other non-cash items, net 18 14 9
Changes in operating assets and liabilities, excluding the effects of dispositions:      
Trade and other receivables (14) (85) (55)
Inventories 1 (5) (21)
Accounts payable 89 106 54
Accrued interest payable (20) (16) 0
Accrued income taxes (11) 45 111
Italian lotto license payment (926) 0 0
Other assets and liabilities (22) 26 63
Net cash (used in) provided by operating activities from continuing operations (193) 709 888
Net cash provided by operating activities from discontinued operations 94 341 125
Net cash (used in) provided by operating activities (99) 1,050 1,012
Cash flows from investing activities      
Capital expenditures (316) (149) (147)
Investment in SP Loterias SPE S.A (53) 0 0
Other investing activities, net 1 0 (3)
Net cash used in investing activities from continuing operations (367) (150) (151)
Net cash provided by (used in) investing activities from discontinued operations 3,868 (207) (242)
Net cash provided by (used in) investing activities 3,502 (357) (393)
Cash flows from financing activities      
Principal payments on long-term debt (2,936) (500) (801)
Net (repayments of) proceeds from Revolving Credit Facilities (515) (175) 609
Payments of debt issuance costs (14) (5) (2)
Net (payments on) receipts from financial liabilities (11) 24 1
Proceeds from long-term debt 1,862 556 0
Repurchases of common stock (271) 0 0
Net (repayment of) receipt of funds payable and amounts due to others (75) (20)  
Net (repayment of) receipt of funds payable and amounts due to others     28
Receipts from (payments of) foreign currency derivative 46 (7) 0
Dividends paid (770) (161) (160)
Dividends paid - non-controlling interests (163) (159) (151)
Return of capital - non-controlling interests (69) (73) (74)
Capital increase - non-controlling interests 386 2 2
Other (41) (37) (15)
Net cash used in financing activities from continuing operations (2,573) (556) (564)
Net cash used in financing activities from discontinued operations (143) (50) (46)
Net cash used in financing activities (2,716) (606) (610)
Net increase in cash and cash equivalents and restricted cash and cash equivalents 686 87 10
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 39 (51) (11)
Cash and cash equivalents and restricted cash and cash equivalents at the beginning of the period 775 739 740
Cash and cash equivalents and restricted cash and cash equivalents at the end of the period 1,500 775 739
Less: Cash and cash equivalents and restricted cash and cash equivalents of discontinued operations 0 71 86
Cash and cash equivalents and restricted cash and cash equivalents at the end of the period of continuing operations 1,500 704 653
Cash paid during the period for:      
Interest paid 213 221 208
Income taxes paid 220 241 149
Non-cash investing and financing activities:      
Capital expenditures $ 74 $ 38 $ 20