Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 32

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 5
Chunk 32
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 December 31, 2023           
  ($ in millions)                                      $        %                      $        %  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Euros                                              296       51                    277       54  
  U. S. dollars                                      182       31                    119       23  
  Other currencies                                   105       18                    112       22  
  Total Cash and cash equivalents                    584      100                    508      100  

The Company maintains its cash deposits in a diversified portfolio of global banks, the majority of which are considered Global Systemically Important Banks. The Company holds an immaterial amount of cash in countries where there may be legal or economic restrictions on the ability of subsidiaries to transfer funds in the form of cash dividends, loans, or advances. Furthermore, certain regulatory restrictions due to the shortage of foreign exchange reserves are present in Trinidad and Tobago where approximately $28 million of our foreign cash resides. These restrictions do not have an impact on the ability of the Company to meets its cash obligations.

Table of Contents

Cash Flow Summary

The following tables summarize the Consolidated Statements of Cash Flows. A complete statement of cash flows is provided in the Consolidated Financial Statements included herein.

Net cash provided by operating activities from continuing operations was$689 million for the year ended December 31, 2024, compared with net cash provided of$916 million for the same period in2023. The decrease was primarily due to changes of$129 million as a result of timing of tax and interest payments, unfavorable changes in foreign exchange of$96 million, and a $13 million decrease in depreciation and amortization from the prior corresponding period. Within working capital, excluding the impact of tax and interest payments, changes in trade receivables unfavorably impacted cash flows by$30 million; this was partially offset by changes in inventory favorably impacting cash flows by $16 million, primarily due to timing of receipts and lower inventory purchasing, respectively, during the year ended December 31, 2024 compared to the prior year period.

Net cash used for investing activities for the year ended December 31, 2024 was$150 million, compared with net cash used of$151 million for the year ended December 31, 2023. Capital expenditures were relatively stable compared to the same period in 2023.

Net cash used for financing activities for the year ended December 31, 2024 was$536 million, compared with net