Take-Two Interactive Software, Inc.

NasdaqGS-TTWO

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Operating Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Dec '21	Mar '21	Dec '20	Mar '20	Dec '19	Mar '19
Net Income	-3,997.2	-4,478.9	-3,744.2	-1,124.7	418	-104.2	588.9	-429.4	404.5	41.9	333.8
Net Income
Depreciation & Amortization	1,446.7	1,410.3	1,847.1	1,865.3	279.3	238.9	232.8	142.1	236.5	79.4	264.8
Depreciation and Amortization
Amortization and Impairment of Software Development Costs and Licenses
Amortization and Impairment of Intangibles
Depreciation
Stock Based Compensation	299.1	324	335.6	317.8	183	167.2	110.5	122.6	257.9	81.5	247.7
Stock-Based Compensation
Other Adjustments	247.1	3,943.2	2,432.5	-201.5	59.3	101.1	5.1	23.2	26.6	-311.8	111.3
Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Impairment of Goodwill and Long-Lived Assets
Loss from Discontinued Operations
Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Gain on Sale of Intellectual Property
Loss on Sale of Subsidiary
Noncash Lease Expense
Amortization of Discount on Convertible Notes
Impairment of in-Process Research and Development
Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Goodwill Impairment
Interest Expense
Amortization of Debt Issuance Costs
Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Gain on Debt Extinguishment
Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Gain on Convertible Note Hedge and Warrants, Net
Deferred Income Taxes
Foreign Currency Transaction Loss and Other
Gain on Redemption of Convertible Notes
Cash Flows from Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Impairment Related to Real Estate Assets
Gain on Long-Term Investments, Net
Fair Value Adjustments
Other, Net
Amortization on Marketable Debt Securities, Net
Provision for SEC Settlement
Changes in Trade Receivables	-328.5	-105	83.7	106.8	-17.9	-9.2	47.2	4.8	-195.5	-22.5	-98.1
Accounts Receivable
Changes in Inventories	—	—	—	—	—	—	—	—	8.5	—	-14.4
Change in Inventory
Changes in Accounts Payable	—	—	—	—	—	37.6	—	5.5	—	-1	—
Accounts Payable
Changes in Income Taxes Payable	—	—	—	—	—	4.7	—	36.7	—	-10.2	—
Income Tax Payable
Changes in Unearned Revenue	167.6	6.8	-11.8	-141.9	-30.9	17.9	152.5	291.5	-55.5	234.7	304.7
Deferred Revenue
Changes in Other Operating Activities	-1,175.2	-1,145.6	-959	-820.7	-632.8	-200.2	-224.7	232.2	2.6	170.8	-306.4
Change in Restricted Cash
Software Development Costs and Licenses
Prepaid Expenses and Other Current and Other Non-Current Assets
Deferred Cost of Goods Sold
Accounts Payable, Accrued Expenses and Other Liabilities
Net Cash Provided by Discontinued Operations
Cash from Operating Activities	357.9	-45.2	-16.1	1.1	258	253.8	912.3	429.2	685.7	262.8	843.5
Net Cash Provided by Operating Activities

Investing Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Dec '21	Mar '21	Dec '20	Mar '20	Dec '19	Mar '19
Capital Expenditure	-154.5	-169.4	-141.7	-204.2	-158.6	-12.5	-68.9	-18.8	-53.4	-23.6	-67
Purchases of Fixed Assets
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—	—	0.1	—	580.6	—
Proceeds from Sale of Building and Other Property and Equipment, Net of Transaction Costs
Purchases of Intangible Assets	—	—	—	—	—	-4.3	—	-6	—	—	—
Asset Acquisitions of Intangible Assets
Proceeds from Sale of Intangible Assets	—	—	—	—	—	—	—	—	—	—	—
Cash Received from Sale of Intellectual Property
Purchases of Investments	-16.3	-21.1	-18.5	-15.7	-768.6	-614.2	-841.4	-677.1	-527.9	-1,568.2	-282.5
Purchases of Available-for-Sale Securities
Purchases of Long-Term Investments
Proceeds from Sale of Investments	—	—	146.9	562.6	779.9	—	593.8	549.9	400.6	44.9	325.1
Sale and Maturities of Available-for-Sale Securities
Proceeds from Sale of Long-Term Investments
Sales of Investments
Payments for Business Acquisitions	-6.4	6.5	-18.1	-3,310.9	-161.3	-508.3	-102.5	-942.5	-12	-301.8	-28.1
Business Acquisitions
Proceeds from Business Divestments	—	32.7	—	—	—	—	—	—	—	—	—
Divestitures
Other Investing Activities	-257.8	-0.2	3.2	91.9	447.8	638.4	-387.8	1,006.7	196.7	416.2	-171.1
Change in Bank Time Deposits
Net Cash Provided by Discontinued Operations
Release of Business Combination Restricted Cash Held in Escrow
Other Investing Activities, Net
Asset Acquisitions
Cash from Investing Activities	-397.5	-151.5	-28.2	-2,876.3	139.2	-500.9	-806.8	-87.7	4	-851.9	-223.6
Net Cash Provided by Investing Activities

Financing Activities	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Dec '21	Mar '21	Dec '20	Mar '20	Dec '19	Mar '19
Issuance of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Net Borrowings on Line of Credit
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Issuance of Long-Term Debt	—	598.9	1,348.9	3,248.9	—	-1.2	—	856.7	—	672.2	—
Proceeds from Issuance of Convertible Notes
Proceeds from Issuance of Debt
Repayments of Long-Term Debt	—	-8.3	-1,339.6	-1,366.8	-0.2	—	—	—	—	-101.4	—
Payment for Settlement of Convertible Notes
Repayment of Debt
Net Issuance / (Repayments) of Long-Term Debt	—	590.6	9.3	1,882.1	-0.2	-1.2	—	856.7	—	570.8	—
Issuance of Common Shares	1,882.9	77.3	39.4	65.4	19.7	33.4	14.2	16.9	10.5	17.4	—
Proceeds from Exercise of Employee Stock Options
Issuance of Common Stock
Issuance of Warrants to Purchase Common Stock
Repurchases of Common Shares	—	—	—	—	-200	—	—	—	—	—	-362.4
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	1,882.9	77.3	39.4	65.4	-180.3	33.4	14.2	16.9	10.5	17.4	-362.4
Other Financing Activities	—	-17.4	-140.1	-17.2	-76.3	-73.6	-71.6	-183.8	-88	-136.6	-101.3
Tax Payment Related to Net Share Settlements on Restricted Stock Awards
Excess Tax Benefit from Stock-Based Compensation
Proceeds from Termination of Convertible Note Hedge Transactions
Payment for Termination of Convertible Note Warrant Transactions
Purchase of Capped Calls
Cost of Debt
Excess Tax Benefit on Exercise of Stock Options
Other Financing Activities, Net
Settlement of Capped Calls
Payment of Contingent Earn-Out Consideration
Cash from Financing Activities	671.5	650.5	-91.4	1,930.3	-256.8	-41.4	-57.4	689.8	-77.5	451.6	-463.7
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Mar '25	Mar '24	Mar '23	Mar '22	Dec '21	Mar '21	Dec '20	Mar '20	Dec '19	Mar '19
Free Cash Flow	203.4	-214.6	-157.8	-203.1	99.4	241.3	843.4	410.4	632.3	239.2	776.5
NOPAT	-3,900.6	-4,379	-3,630.7	-979.4	425.4	709.1	546.8	-392.1	375.2	-241.1	296.4
Levered Free Cash Flow	-3,712.6	-3,786.2	-3,000.3	1,455.9	-125.2	-19	680.6	1,116.5	543.3	1,062.8	515.6
Unlevered Free Cash Flow	-3,616	-4,276.9	-2,896.1	-280.9	-117.6	795.5	638.5	297.1	514	209	478.2
Net Change in Cash	631.9	453.8	-135.7	-944.9	140.4	-288.5	48.1	1,031.3	612.3	-137.5	156.3