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10-Q Filing

LIGHT & WONDER, INC. CIK: 750004 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000750004-19-000033
Period End Date 20190331
Filing Date 20190508
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance sgms-20190331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 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, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 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 109.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 110.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.00M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 92.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $41.00M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 93.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $39.00M USD Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $599.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $621.00M USD Point-in-time
Treasury stock, at cost, shares held (in shares) TreasuryStockShares 17.20M shares Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $104.00M USD Point-in-time
Shares of surviving corporation (in shares) BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued 1.00 shares Point-in-time
Notes receivable, net NotesAndLoansReceivableNetCurrent $114.00M USD Point-in-time
Inventories InventoryNet $229.00M USD Point-in-time
Inventories InventoryNet $216.00M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $238.00M USD Point-in-time
Prepaid expenses, deposits and other current assets PrepaidExpensesDepositsAndOtherCurrentAssets $233.00M USD Point-in-time
Total current assets AssetsCurrent $2.45B USD Point-in-time
Total current assets AssetsCurrent $1.37B USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $12.00M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $13.00M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $40.00M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $33.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $517.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $547.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $118.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Goodwill Goodwill $3.30B USD Point-in-time
Goodwill Goodwill $3.28B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.81B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.75B USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $285.00M USD Point-in-time
Software, net CapitalizedComputerSoftwareNet $277.00M USD Point-in-time
Equity investments EquityMethodInvestments $296.00M USD Point-in-time
Equity investments EquityMethodInvestments $298.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $77.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $92.00M USD Point-in-time
Total assets Assets $8.84B USD Point-in-time
Total assets Assets $7.72B USD Point-in-time
Current portion of long-term debt DebtCurrent $45.00M USD Point-in-time
Current portion of long-term debt DebtCurrent $1.05B USD Point-in-time
Accounts payable AccountsPayableCurrent $225.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $200.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $477.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $540.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $747.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $109.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $108.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $98.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Operating lease liabilities OtherLiabilitiesNoncurrent $330.00M USD Point-in-time
Operating lease liabilities OtherLiabilitiesNoncurrent $334.00M USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.99B USD Point-in-time
Long-term debt, excluding current portion LongTermDebtAndCapitalLeaseObligations $8.94B USD Point-in-time
Total liabilities Liabilities $11.26B USD Point-in-time
Total liabilities Liabilities $10.18B 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
Common stock, par value $0.001 per share: 199.3 shares authorized; [108.6] and 109.1 shares issued and [91.4] and 91.9 shares outstanding, respectively CommonStockValueOutstanding $1.00M USD Point-in-time
Common stock, par value $0.001 per share: 199.3 shares authorized; [108.6] and 109.1 shares issued and [91.4] and 91.9 shares outstanding, respectively CommonStockValueOutstanding $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $835.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $848.00M USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-2.82B USD Point-in-time
Accumulated loss RetainedEarningsAccumulatedDeficit $-2.85B USD Point-in-time
Treasury stock, at cost, 17 shares TreasuryStockValue $175.00M USD Point-in-time
Treasury stock, at cost, 17 shares TreasuryStockValue $175.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-249.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-300.00M USD Point-in-time
Total stockholders deficit StockholdersEquity $-2.20B USD Point-in-time
Total stockholders deficit StockholdersEquity $-2.42B USD Point-in-time
Total stockholders deficit StockholdersEquity $-2.46B USD Point-in-time
Total stockholders deficit StockholdersEquity $-2.03B USD Point-in-time
Total liabilities and stockholders (deficit) equity LiabilitiesAndStockholdersEquity $7.72B USD Point-in-time
Total liabilities and stockholders (deficit) equity LiabilitiesAndStockholdersEquity $8.84B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $812.00M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $837.00M USD 1 Quarter
Cost of services, cost of product sales and cost of instant products CostOfGoodsAndServicesSold $307.00M USD 1 Quarter
Cost of services, cost of product sales and cost of instant products CostOfGoodsAndServicesSold $297.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $186.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $172.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $49.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $54.00M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $165.00M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $188.00M USD 1 Quarter
Restructuring and other RestructuringCharges $7.00M USD 1 Quarter
Restructuring and other RestructuringCharges $52.00M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $123.00M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $49.00M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-154.00M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-155.00M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $6.00M USD 1 Quarter
Earnings from equity investments IncomeLossFromEquityMethodInvestments $7.00M USD 1 Quarter
Loss on debt financing transactions GainsLossesOnExtinguishmentOfDebt $-93.00M USD 1 Quarter
Loss on debt financing transactions GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain (loss) on remeasurement of debt GainLossOnRemeasurementOfDebt $-1.00M USD 1 Quarter
Gain (loss) on remeasurement of debt GainLossOnRemeasurementOfDebt $5.00M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense - USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-3.00M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-245.00M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments $-143.00M USD 1 Quarter
Net income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-196.00M USD 1 Quarter
Net income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-20.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.00M USD 1 Quarter
Net (loss) income NetIncomeLoss $-202.00M USD 1 Quarter
Net (loss) income NetIncomeLoss $-24.00M USD 1 Quarter
Foreign currency translation gain, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $55.00M USD 1 Quarter
Foreign currency translation gain, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $51.00M USD 1 Quarter
Pension and post-retirement gain (loss), net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $1.00M USD 1 Quarter
Pension and post-retirement gain (loss), net of tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-1.00M USD 1 Quarter
Derivative financial instruments unrealized (loss) gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-5.00M USD 1 Quarter
Derivative financial instruments unrealized (loss) gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $52.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $51.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $27.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-150.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.26 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-2.24 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-2.24 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 92.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 90.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 92.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 90.00M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-202.00M USD 1 Quarter
Net loss NetIncomeLoss $-24.00M USD 1 Quarter
Adjustments to reconcile net loss to cash provided by operating activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $179.00M USD 1 Quarter
Adjustments to reconcile net loss to cash provided by operating activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $309.00M USD 1 Quarter
Changes in working capital accounts, net of effects of acquisitions IncreaseDecreaseInOperatingCapital $-6.00M USD 1 Quarter
Changes in working capital accounts, net of effects of acquisitions IncreaseDecreaseInOperatingCapital $78.00M USD 1 Quarter
Changes in deferred income taxes and other IncreaseDecreaseInDeferredIncomeTaxes $-6.00M USD 1 Quarter
Changes in deferred income taxes and other IncreaseDecreaseInDeferredIncomeTaxes $-1.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $167.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $30.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireOtherProductiveAssets $88.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireOtherProductiveAssets $67.00M USD 1 Quarter
Acquisitions of businesses and assets, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions of businesses and assets, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $274.00M USD 1 Quarter
Distributions of capital from equity investments ReturnOfCapitalOnEquityInvestments $3.00M USD 1 Quarter
Distributions of capital from equity investments ReturnOfCapitalOnEquityInvestments $2.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-360.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-64.00M USD 1 Quarter
Proceeds from Lines of Credit ProceedsFromLinesOfCredit - USD 1 Quarter
Proceeds from Lines of Credit ProceedsFromLinesOfCredit $40.00M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $295.00M USD 1 Quarter
Repayments under revolving credit facility RepaymentsOfLinesOfCredit $175.00M USD 1 Quarter
Proceeds from issuance of senior notes and term loans ProceedsFromIssuanceOfLongTermDebt $2.51B USD 1 Quarter
Proceeds from issuance of senior notes and term loans ProceedsFromIssuanceOfLongTermDebt $1.10B USD 1 Quarter
Repayment of senior notes and term loans (inclusive of redemption premium) RepaymentsOfSeniorDebt - 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 - USD 1 Quarter
Repayment of assumed NYX debt RepaymentsOfAssumedDebt $288.00M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $12.00M USD 1 Quarter
Payment of Deferred Financing Costs PaymentofDeferredFinancingCosts $14.00M USD 1 Quarter
Payment of Deferred Financing Costs PaymentofDeferredFinancingCosts $39.00M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $7.00M USD 1 Quarter
Payments on license obligations PaymentForLicenseObligation $7.00M USD 1 Quarter
Sale of future revenue ProceedsFromSaleOfFinanceReceivablesFinancingActivities $11.00M USD 1 Quarter
Sale of future revenue ProceedsFromSaleOfFinanceReceivablesFinancingActivities - USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans and other PaymentsRelatedToTaxWithholdingForShareBasedCompensation $17.00M USD 1 Quarter
Net redemptions of common stock under stock-based compensation plans and other PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $942.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-346.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.00M USD 1 Quarter
Increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-674.00M USD 1 Quarter
Increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.05B USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $220.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $834.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.27B USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $220.00M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $834.00M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.00M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.27B USD Point-in-time
Cash paid for interest InterestPaidNet $161.00M USD 1 Quarter
Cash paid for interest InterestPaidNet $80.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $10.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $7.00M USD 1 Quarter
Distributed earnings from equity investments ProceedsfromEquityMethodInvestmentDividends $4.00M USD 1 Quarter
Distributed earnings from equity investments ProceedsfromEquityMethodInvestmentDividends $1.00M USD 1 Quarter
Non-cash rollover and refinancing of Term loans NoteRollover - USD 1 Quarter
Non-cash rollover and refinancing of Term loans NoteRollover $3.27B USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $6.00M USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $7.00M USD 1 Quarter
NYX non-cash consideration transferred (inclusive of 2017 acquisition of ordinary shares) NoncashOrPartNoncashAcquisitionAmountOfConsiderationTransferred $93.00M USD 1 Quarter
NYX non-cash consideration transferred (inclusive of 2017 acquisition of ordinary shares) NoncashOrPartNoncashAcquisitionAmountOfConsiderationTransferred - USD 1 Quarter

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

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