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10-Q Filing

LIGHT & WONDER, INC. CIK: 750004 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000750004-18-000079
Period End Date 20180331
Filing Date 20180502
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance sgms-20180331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 199.30M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 199.30M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 107.10M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 107.90M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $788.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $109.90M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $29.00M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 90.70M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 89.90M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $34.10M USD Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $540.90M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $554.10M USD Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Shares of surviving corporation (in shares) BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued 1.00 shares Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $132.20M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $143.50M USD Point-in-time
Inventories InventoryNet $231.20M USD Point-in-time
Inventories InventoryNet $243.10M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $249.70M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $131.10M USD Point-in-time
Total current assets AssetsCurrent $1.88B USD Point-in-time
Total current assets AssetsCurrent $1.31B USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $15.70M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $16.30M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $44.80M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $52.80M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $568.20M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $505.30M USD Point-in-time
Goodwill Goodwill $3.37B USD Point-in-time
Goodwill Goodwill $2.96B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.60B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.90B USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $339.40M USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $327.80M USD Point-in-time
Equity investments EquityMethodInvestments $253.90M USD Point-in-time
Equity investments EquityMethodInvestments $179.40M USD Point-in-time
Other assets OtherAssetsNoncurrent $57.60M USD Point-in-time
Other assets OtherAssetsNoncurrent $77.50M USD Point-in-time
Total assets Assets $7.74B USD Point-in-time
Total assets Assets $7.73B USD Point-in-time
Current portion of long-term debt DebtCurrent $40.30M USD Point-in-time
Current portion of long-term debt DebtCurrent $50.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $186.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $190.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $519.90M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $509.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $756.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $739.80M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $73.10M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $143.30M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $203.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $239.70M USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.79B USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.74B USD Point-in-time
Total liabilities Liabilities $9.93B USD Point-in-time
Total liabilities Liabilities $9.75B USD Point-in-time
Commitments and contingencies (see Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 15) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $0.001 per share: 199.3 shares authorized; 107.9 and 107.1 shares issued and 90.7 and 89.9 shares outstanding, respectively CommonStockValueOutstanding $1.10M USD Point-in-time
Common stock, par value $0.001 per share: 199.3 shares authorized; 107.9 and 107.1 shares issued and 90.7 and 89.9 shares outstanding, respectively CommonStockValueOutstanding $1.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $807.80M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $799.30M USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-2.67B USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-2.46B 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 $-199.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-147.60M USD Point-in-time
Total stockholders' deficit StockholdersEquity $-2.20B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-2.03B USD Point-in-time
Total liabilities and stockholders' (deficit) equity LiabilitiesAndStockholdersEquity $7.74B USD Point-in-time
Total liabilities and stockholders' (deficit) equity LiabilitiesAndStockholdersEquity $7.73B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Services SalesRevenueServicesNet $437.50M USD 1 Quarter
Services SalesRevenueServicesNet $362.50M USD 1 Quarter
Product sales SalesRevenueGoodsNet $222.70M USD 1 Quarter
Product sales SalesRevenueGoodsNet $224.10M USD 1 Quarter
Instant products InstantTicketRevenue $140.20M USD 1 Quarter
Instant products InstantTicketRevenue $150.20M USD 1 Quarter
Total revenue Revenues $725.40M USD 1 Quarter
Total revenue Revenues $811.80M USD 1 Quarter
Cost of services CostOfServices $103.30M USD 1 Quarter
Cost of services CostOfServices $121.90M USD 1 Quarter
Cost of product sales CostOfGoodsSold $106.60M USD 1 Quarter
Cost of product sales CostOfGoodsSold $105.10M USD 1 Quarter
Cost of instant products CostsOfInstantTicket $70.10M USD 1 Quarter
Cost of instant products CostsOfInstantTicket $69.70M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $171.60M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $140.70M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $42.40M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $53.80M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $188.10M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $165.10M USD 1 Quarter
Restructuring and other RestructuringCharges $9.20M USD 1 Quarter
Restructuring and other RestructuringCharges $52.20M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $49.40M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $88.00M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-159.40M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-154.80M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $7.30M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $9.50M USD 1 Quarter
Loss on debt financing transactions GainsLossesOnExtinguishmentOfDebt $-29.70M USD 1 Quarter
Loss on debt financing transactions GainsLossesOnExtinguishmentOfDebt $-93.20M USD 1 Quarter
Loss on remeasurement of debt GainLossOnRemeasurementOfDebt $-1.10M USD 1 Quarter
Loss on remeasurement of debt GainLossOnRemeasurementOfDebt - USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $7.50M USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $-3.20M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-245.00M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-172.10M USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-84.10M USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-195.60M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $16.70M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $6.20M USD 1 Quarter
Net (loss) income IncomeLossFromContinuingOperations $-201.80M USD 1 Quarter
Net (loss) income IncomeLossFromContinuingOperations $-100.80M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $50.90M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $33.60M USD 1 Quarter
Pension and post-retirement loss, net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-300.00K USD 1 Quarter
Pension and post-retirement loss, net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-700.00K USD 1 Quarter
Derivative financial instruments unrealized gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.80M USD 1 Quarter
Derivative financial instruments unrealized gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.90M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $36.10M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $52.10M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-149.70M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-64.70M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-1.14 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-2.24 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-2.24 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-1.14 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 90.10M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 88.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 88.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 90.10M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net loss IncomeLossFromContinuingOperations $-201.80M USD 1 Quarter
Net loss IncomeLossFromContinuingOperations $-100.80M USD 1 Quarter
Adjustments to reconcile net loss to cash provided by operating activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $308.50M USD 1 Quarter
Adjustments to reconcile net loss to cash provided by operating activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $201.80M USD 1 Quarter
Changes in working capital accounts, net of acquisitions IncreaseDecreaseInOperatingCapital $77.50M USD 1 Quarter
Changes in working capital accounts, net of acquisitions IncreaseDecreaseInOperatingCapital $-7.00M USD 1 Quarter
Changes in deferred income taxes and other IncreaseDecreaseInDeferredIncomeTaxes $-700.00K USD 1 Quarter
Changes in deferred income taxes and other IncreaseDecreaseInDeferredIncomeTaxes $-3.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $111.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $29.90M USD 1 Quarter
Capital expenditures PaymentsToAcquireOtherProductiveAssets $61.30M USD 1 Quarter
Capital expenditures PaymentsToAcquireOtherProductiveAssets $88.00M USD 1 Quarter
Acquisitions of businesses and assets, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $21.50M USD 1 Quarter
Acquisitions of businesses and assets, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $274.10M USD 1 Quarter
Distributions of capital from equity investments ReturnOfCapitalOnEquityInvestments $1.50M USD 1 Quarter
Distributions of capital from equity investments ReturnOfCapitalOnEquityInvestments $1.30M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-79.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-360.60M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $125.00M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit - USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $170.00M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $295.00M USD 1 Quarter
Proceeds from issuance of senior notes and term loans ProceedsFromIssuanceOfSeniorLongTermDebt $1.76B USD 1 Quarter
Proceeds from issuance of senior notes and term loans ProceedsFromIssuanceOfSeniorLongTermDebt $2.51B USD 1 Quarter
Repayment of senior notes and term loans (inclusive of redemption premium) RepaymentsOfSeniorDebt $1.69B USD 1 Quarter
Repayment of senior notes and term loans (inclusive of redemption premium) RepaymentsOfSeniorDebt $2.21B USD 1 Quarter
Repayment of assumed NYX debt RepaymentsOfAssumedDebt $288.20M USD 1 Quarter
Repayment of assumed NYX debt RepaymentsOfAssumedDebt - USD 1 Quarter
Payments on long-term debt (inclusive of NYX assumed debt) RepaymentsOfDebtAndCapitalLeaseObligationsExcludingLinesOfCreditSeniorNotesAndTermLoans $1.50M USD 1 Quarter
Payments on long-term debt (inclusive of NYX assumed debt) RepaymentsOfDebtAndCapitalLeaseObligationsExcludingLinesOfCreditSeniorNotesAndTermLoans $1.80M USD 1 Quarter
Payments of debt issuance and deferred financing costs PaymentOfFinancingAndStockIssuanceCosts $27.20M USD 1 Quarter
Payments of debt issuance and deferred financing costs PaymentOfFinancingAndStockIssuanceCosts $38.50M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $9.80M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $6.50M USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans and other PaymentsRelatedToTaxWithholdingForShareBasedCompensation $600.00K USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans and other PaymentsRelatedToTaxWithholdingForShareBasedCompensation $17.70M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-15.10M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-345.60M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.50M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.90M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-674.40M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $18.90M USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $159.70M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $834.10M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $175.80M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $156.90M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $159.70M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $834.10M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $175.80M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $156.90M USD Point-in-time
Cash paid for interest InterestPaid $113.50M USD 1 Quarter
Cash paid for interest InterestPaid $161.30M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $7.10M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $5.70M USD 1 Quarter
Non-cash rollover and refinancing of Term loans (see Note 11) NoteRollover $3.27B USD 1 Quarter
Non-cash rollover and refinancing of Term loans (see Note 11) NoteRollover $2.75B USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $5.60M USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $8.20M USD 1 Quarter
Non-cash additions to intangible assets related to license agreements NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $28.10M USD 1 Quarter
Non-cash additions to intangible assets related to license agreements NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 - USD 1 Quarter
NYX non-cash consideration transferred (inclusive of 2017 acquisition of ordinary shares) (see Note 1) NoncashOrPartNoncashAcquisitionAmountOfConsiderationTransferred $93.20M USD 1 Quarter
NYX non-cash consideration transferred (inclusive of 2017 acquisition of ordinary shares) (see Note 1) NoncashOrPartNoncashAcquisitionAmountOfConsiderationTransferred - USD 1 Quarter

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

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