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10-Q Filing

LIGHT & WONDER, INC. CIK: 750004 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000750004-16-000028
Period End Date 20160331
Filing Date 20160506
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance sgms-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 line items
Line Item Tag Value Unit Period
Class A common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Class A common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Class A common stock, shares authorized (in shares) CommonStockSharesAuthorized 199.30M shares Point-in-time
Class A common stock, shares authorized (in shares) CommonStockSharesAuthorized 199.30M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $128.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $171.80M USD Point-in-time
Class A common stock, shares issued (in shares) CommonStockSharesIssued 103.70M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $145.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $151.20M USD Point-in-time
Class A common stock, shares issued (in shares) CommonStockSharesIssued 104.20M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $20.20M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $21.20M USD Point-in-time
Class A common stock, shares outstanding (in shares) CommonStockSharesOutstanding 87.00M shares Point-in-time
Class A common stock, shares outstanding (in shares) CommonStockSharesOutstanding 86.50M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $487.10M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $472.10M USD Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $167.70M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $161.80M USD Point-in-time
Inventories InventoryNet $248.50M USD Point-in-time
Inventories InventoryNet $259.90M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $124.70M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $123.30M USD Point-in-time
Total current assets AssetsCurrent $1.18B USD Point-in-time
Total current assets AssetsCurrent $1.19B USD Point-in-time
Long-term restricted cash RestrictedCashAndCashEquivalentsNoncurrent $17.90M USD Point-in-time
Long-term restricted cash RestrictedCashAndCashEquivalentsNoncurrent $17.50M USD Point-in-time
Long-term notes receivable, net NotesAndLoansReceivableNetNoncurrent $51.30M USD Point-in-time
Long-term notes receivable, net NotesAndLoansReceivableNetNoncurrent $45.80M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $794.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $734.80M USD Point-in-time
Goodwill Goodwill $3.01B USD Point-in-time
Goodwill Goodwill $3.01B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.95B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.92B USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $469.90M USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $485.90M USD Point-in-time
Equity investments EquityMethodInvestments $228.50M USD Point-in-time
Equity investments EquityMethodInvestments $231.70M USD Point-in-time
Other assets OtherAssetsNoncurrent $47.60M USD Point-in-time
Other assets OtherAssetsNoncurrent $45.40M USD Point-in-time
Total assets Assets $7.69B USD Point-in-time
Total assets Assets $7.73B USD Point-in-time
Current portion of long-term debt DebtCurrent $50.30M USD Point-in-time
Current portion of long-term debt DebtCurrent $50.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $159.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $168.50M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $450.60M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $443.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $653.90M USD Point-in-time
Total current liabilities LiabilitiesCurrent $669.10M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $214.80M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $228.20M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $188.90M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $253.60M USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.16B USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.14B USD Point-in-time
Total liabilities Liabilities $9.23B USD Point-in-time
Total liabilities Liabilities $9.27B USD Point-in-time
Commitments and contingencies (see Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 16) CommitmentsAndContingencies - USD Point-in-time
Class A common stock, par value $0.01 per share: 199.3 shares authorized; 104.2 and 103.7 shares issued and 87.0 and 86.5 shares outstanding, respectively CommonStockValueOutstanding $1.00M USD Point-in-time
Class A common stock, par value $0.01 per share: 199.3 shares authorized; 104.2 and 103.7 shares issued and 87.0 and 86.5 shares outstanding, respectively CommonStockValueOutstanding $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $765.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $772.20M USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-1.86B USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-1.96B USD Point-in-time
Treasury stock, at cost, 17.2 shares TreasuryStockValue $175.20M USD Point-in-time
Treasury stock, at cost, 17.2 shares TreasuryStockValue $175.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-222.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-224.60M USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.58B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.50B USD Point-in-time
Total liabilities and stockholders' (deficit) equity LiabilitiesAndStockholdersEquity $7.73B USD Point-in-time
Total liabilities and stockholders' (deficit) equity LiabilitiesAndStockholdersEquity $7.69B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Services SalesRevenueServicesNet $330.40M USD 1 Quarter
Services SalesRevenueServicesNet $350.30M USD 1 Quarter
Product sales SalesRevenueGoodsNet $199.40M USD 1 Quarter
Product sales SalesRevenueGoodsNet $197.60M USD 1 Quarter
Instant games InstantTicketRevenue $128.90M USD 1 Quarter
Instant games InstantTicketRevenue $134.10M USD 1 Quarter
Total revenue Revenues $658.70M USD 1 Quarter
Total revenue Revenues $682.00M USD 1 Quarter
Cost of services CostOfServices $94.90M USD 1 Quarter
Cost of services CostOfServices $90.50M USD 1 Quarter
Cost of product sales CostOfGoodsSold $97.90M USD 1 Quarter
Cost of product sales CostOfGoodsSold $94.40M USD 1 Quarter
Cost of instant games CostsOfInstantTicket $67.00M USD 1 Quarter
Cost of instant games CostsOfInstantTicket $67.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $145.90M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $142.30M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $49.80M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $46.90M USD 1 Quarter
Employee termination and restructuring RestructuringCharges $8.20M USD 1 Quarter
Employee termination and restructuring RestructuringCharges $2.70M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $180.60M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $184.20M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $50.30M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $18.10M USD 1 Quarter
Interest expense InterestExpense $165.70M USD 1 Quarter
Interest expense InterestExpense $164.30M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $3.10M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $3.20M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $700.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-5.60M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-166.80M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-161.80M USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-111.50M USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-148.70M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-19.20M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-62.30M USD 1 Quarter
Net loss IncomeLossFromContinuingOperations $-92.30M USD 1 Quarter
Net loss IncomeLossFromContinuingOperations $-86.40M USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.60M USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-106.30M USD 1 Quarter
Pension and post-retirement gain, net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $200.00K USD 1 Quarter
Pension and post-retirement gain, net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $900.00K USD 1 Quarter
Derivative financial instruments unrealized loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-4.90M USD 1 Quarter
Derivative financial instruments unrealized loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-1.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.40M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-110.30M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-196.70M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-94.70M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $-1.01 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $-1.07 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-1.07 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $-1.01 USD 1 Quarter
Weighted average basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.30M shares 1 Quarter
Weighted average basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 86.60M shares 1 Quarter
Weighted average diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 86.60M shares 1 Quarter
Weighted average diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 85.30M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-86.40M USD 1 Quarter
Net loss NetIncomeLoss $-92.30M USD 1 Quarter
Depreciation and amortization DepreciationDepletionandAmortizationIncludingDiscontinuedOperations $180.60M USD 1 Quarter
Depreciation and amortization DepreciationDepletionandAmortizationIncludingDiscontinuedOperations $184.20M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $18.30M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $67.10M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.50M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.10M USD 1 Quarter
Non-cash interest expense PaidInKindInterest $10.00M USD 1 Quarter
Non-cash interest expense PaidInKindInterest $9.50M USD 1 Quarter
Earnings from equity investments, net IncomeLossFromEquityMethodInvestments $3.10M USD 1 Quarter
Earnings from equity investments, net IncomeLossFromEquityMethodInvestments $3.20M USD 1 Quarter
Distributed earnings from equity investments EquityMethodInvestmentDividendsOrDistributions $1.60M USD 1 Quarter
Distributed earnings from equity investments EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Accounts and notes receivable, net IncreaseDecreaseInAccountsReceivable $-23.60M USD 1 Quarter
Accounts and notes receivable, net IncreaseDecreaseInAccountsReceivable $-34.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $10.60M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-9.50M USD 1 Quarter
Other current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-1.30M USD 1 Quarter
Other current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-3.90M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $400.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-17.30M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $5.50M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $1.30M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-300.00K USD 1 Quarter
Other, net OtherNoncashIncomeExpense $800.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $101.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $77.80M USD 1 Quarter
Additions to property and equipment PaymentsToAcquireOtherProductiveAssets $4.00M USD 1 Quarter
Additions to property and equipment PaymentsToAcquireOtherProductiveAssets $4.20M USD 1 Quarter
Gaming and lottery operations expenditures PaymentsToAcquirePropertyPlantAndEquipment $48.30M USD 1 Quarter
Gaming and lottery operations expenditures PaymentsToAcquirePropertyPlantAndEquipment $30.30M USD 1 Quarter
Intangible assets and software expenditures PaymentsToAcquireIntangibleAssetsAndSoftware $16.90M USD 1 Quarter
Intangible assets and software expenditures PaymentsToAcquireIntangibleAssetsAndSoftware $19.60M USD 1 Quarter
Changes in other assets and liabilities and other IncreaseDecreaseinOtherOperatingAssetsandLiabilitiesNetInvestingActivities $200.00K USD 1 Quarter
Changes in other assets and liabilities and other IncreaseDecreaseinOtherOperatingAssetsandLiabilitiesNetInvestingActivities $-1.50M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashAndInvestments $-200.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashAndInvestments $600.00K USD 1 Quarter
Distributions of capital on equity investments ReturnOfCapitalOnEquityInvestments $3.80M USD 1 Quarter
Distributions of capital on equity investments ReturnOfCapitalOnEquityInvestments $1.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-48.80M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-68.30M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $15.00M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $95.00M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $110.00M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $20.00M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $12.00M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $12.50M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $9.00M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $9.60M USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $700.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-37.10M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-26.70M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.80M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-3.40M USD 1 Quarter
Increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-20.60M USD 1 Quarter
Increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $17.00M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $128.70M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $171.80M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $145.70M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $151.20M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $128.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $171.80M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $145.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $151.20M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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