Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 33

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 5
Chunk 33
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 cash used of$592 million in the same period of2023. The change was primarily due to a$45 million net increase as proceeds from debt exceeded payments in the year ended December 31, 2024 compared to the same period in 2023.

Net cash provided by operating activities from discontinued operations was $341 million in the year ended December 31, 2024, compared with $125 million for the same period in 2023, increasing primarily due to a $184 million payment, net of tax benefits on the DDI / Benson Matter provision in the prior corresponding period. Net cash used for investing activities was $207 million in the year ended December 31, 2024, compared with $242 million for the same period in 2023. The change was primarily due to a $30 million decrease in capital expenditures. Net cash used by financing activities was $50 million in the year ended December 31, 2024, compared with $46 million for the same period in 2023. Net cash used for financing activities primarily related to payments on deferred license obligations, dividend payments to non-controlling interests, and escrow payments on the iSoftBet acquisition.

Table of Contents

Capital Expenditures

For the year ended December 31, 2024, capital expenditures are principally composed of:

Capital expenditures for 2024 of $149 million principally consisted of $108 million for investments in systems, equipment and other assets related to contracts, including systems and equipment deployed in Georgia, California, and Texas; investments in intangible assets of $21 million; and investments in property, plant and equipment of $20 million.

Capital expenditures for 2023 of $147 million principally consisted of $120 million for investments in systems, equipment and other assets related to contracts, including systems and equipment deployed in Georgia, Connecticut, and Texas; investments in intangible assets of $14 million; and investments in property, plant and equipment of $13 million.

Capital expenditures for 2022 of $162 million principally consisted of $127 million for investments in systems, equipment and other assets related to contracts, including systems and equipment deployed in Michigan, Connecticut, and California; investments in property, plant and equipment of $19 million; and investments in intangible assets of $16 million.

Tabular Disclosure of Cash Requirements

At December 31, 2024, the Company’s material cash requirements are as follows:

                            Payments due by period                                                                                               
  ($ in millions)           Total                                  Less than 1 year