Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 123

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 123
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 INTERACTIVE, INC. 

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

December 31,202420232022Cash flows from operating activitiesNet income (loss)$7,236 $(60,055)$(134,332)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesShare-based compensation expense35,288 30,020 18,691 Depreciation and amortization expense32,203 29,759 14,325 Deferred income tax(143)(255)(50)Noncash lease expense891 697 616 Long-lived assets write off— 683 — Changes in assets and liabilities:Players’ receivables(4,814)658 (5,345)Due from affiliates15,261 2,433 (7,745)Prepaid expenses and other current assets(7,765)(228)(3,567)Accounts payable, accrued expenses and other current liabilities25,922 (9,267)38,734 Players’ liabilities2,370 (377)18,352 Net cash provided by (used in) operating activities106,449 (5,932)(60,321)Cash flows from investing activitiesInternally developed software costs(24,420)(22,619)(16,770)Acquisition of gaming licenses(4,081)(7,279)(5,484)Acquisition of other intangibles(2,075)(765)— Short-term investments(1,862)(3,061)— Purchases of property and equipment(925)(1,291)(4,157)Investments in equity securities— (470)— Proceeds from (investment in) long-term time deposits— 1,705 (689)Acquisition of trademark intangible asset, net of cash acquired— — (1,890)Net cash used in investing activities(33,363)(33,780)(28,990)Cash flows from financing activitiesPrincipal payments of finance lease liabilities(1,559)(518)(1,216)Payments for employee taxes related to shares withheld(1,160)— — Proceeds from exercise of stock options67 — — Net cash used in financing activities(2,652)(518)(1,216)Effect of exchange rate changes on cash, cash equivalents and restricted cash(8,655)5,126 (3,721)Net