Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Take-Two Interactive Software Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income (loss)	(4,478,900)	(3,744,200)	(1,124,700)	418,022)	588,886)	404,459)
Amortization and impairment of software development costs and licenses	333,800)	292,700)	268,300)	153,279)	144,263)	167,925)
Stock-based compensation	324,000)	335,600)	317,800)	182,969)	110,472)	257,881)
Noncash lease expense	59,500)	61,100)	81,700)	34,511)	30,553)	21,037)
Amortization and impairment of intangibles	922,600)	1,418,900)	1,506,700)	64,817)	32,241)	20,990)
Depreciation	153,900)	135,500)	90,300)	61,196)	56,309)	47,628)
Goodwill impairment	3,545,200)	2,342,100)	—)	—)	—)	—)
Interest expense	167,300)	140,600)	122,700)	6,525)	—)	—)
Deferred income taxes	139,500)	(150,400)	(410,800)	8,104)	10,631)	(3,486)
Fair value adjustments	6,900)	8,600)	31,500)	(6,015)	(41,588)	—)
Other, net	24,800)	30,500)	(26,600)	16,243)	5,515)	9,074)
Accounts receivable	(105,000)	83,700)	106,800)	(17,857)	47,195)	(195,484)
Software development costs and licenses	(691,600)	(603,400)	(492,800)	(386,945)	(221,279)	(48,434)
Prepaid expenses, other current and other non-current assets	11,900)	(154,700)	77,200)	(200,314)	(82,019)	(240,185)
Deferred revenue	6,800)	(11,800)	(141,900)	(30,946)	152,466)	(55,460)
Accounts payable, accrued expenses and other liabilities	(465,900)	(200,900)	(405,100)	(45,605)	78,673)	299,733)
Changes in assets and liabilities, net of effect from purchases of businesses	(1,243,800)	(887,100)	(855,800)	(681,667)	(24,964)	(239,830)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	4,433,700)	3,728,100)	1,125,800)	(160,038)	323,432)	281,219)
Net cash provided by (used in) operating activities	(45,200)	(16,100)	1,100)	257,984)	912,318)	685,678)
Change in bank time deposits	12,600)	19,800)	100,000)	446,965)	(387,762)	196,720)
Sale and maturities of available-for-sale securities	—)	146,900)	542,000)	779,940)	546,287)	400,635)
Purchases of available-for-sale securities	—)	—)	—)	(756,266)	(824,477)	(499,991)
Divestitures	32,700)	—)	—)	—)	—)	—)
Purchases of fixed assets	(169,400)	(141,700)	(204,200)	(158,642)	(68,923)	(53,384)
Proceeds from sale of long-term investments	—)	—)	20,600)	—)	47,472)	—)
Purchase of long-term investments	(21,100)	(18,500)	(15,700)	(12,272)	(16,852)	(27,891)
Business acquisitions	6,500)	(18,100)	(3,310,900)	(161,331)	(102,469)	(12,040)
Other	(12,800)	(16,600)	(8,100)	822)	—)	—)
Net cash (used in) provided by investing activities	(151,500)	(28,200)	(2,876,300)	139,216)	(806,724)	4,049)
Tax payment related to net share settlements on restricted stock awards	—)	(94,100)	(108,100)	(64,074)	(71,552)	(87,968)
Repurchase of common stock	—)	—)	—)	(200,012)	—)	—)
Issuance of common stock	77,300)	39,400)	65,400)	19,657)	14,214)	10,515)
Cost of debt	(5,400)	(10,300)	(22,400)	(12,150)	—)	—)
Repayment of debt	—)	(1,339,600)	(200,000)	(234)	—)	—)
Settlement of capped calls	—)	—)	140,100)	—)	—)	—)
Payment for settlement of convertible notes	(8,300)	—)	(1,166,800)	—)	—)	—)
Proceeds from issuance of debt	598,900)	1,348,900)	3,248,900)	—)	—)	—)
Payment of contingent earn-out consideration	(12,000)	(35,700)	(26,800)	—)	—)	—)
Net cash provided by (used in) financing activities	650,500)	(91,400)	1,930,300)	(256,813)	(57,338)	(77,453)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents	3,400)	3,100)	(15,900)	(5,303)	18,599)	(10,868)
Net change in cash, cash equivalents, and restricted cash and cash equivalents	457,200)	(132,600)	(960,800)	135,084)	66,855)	601,406)
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year	1,102,000)	1,234,600)	2,195,400)	2,060,247)	1,993,392)	1,391,986)
Cash, cash equivalents, and restricted cash equivalents, end of year	1,559,200)	1,102,000)	1,234,600)	2,195,331)	2,060,247)	1,993,392)

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Take-Two Interactive Software Inc. net cash provided by (used in) operating activities decreased from 2023 to 2024 and from 2024 to 2025.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Take-Two Interactive Software Inc. net cash (used in) provided by investing activities increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Take-Two Interactive Software Inc. net cash provided by (used in) financing activities decreased from 2023 to 2024 but then slightly increased from 2024 to 2025.

Take-Two Interactive Software Inc. (NASDAQ:TTWO)

Cash Flow Statement