Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 116

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 116
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465)— — (465)Stock-based compensation— 67 — — — — 67 Net income— — 336 — — — 336 Other comprehensive loss— — — — (82)— (82)December 31, 2024$1 $1,200 $1,016 $(1,216)$(365)$— $636 

See accompanying notes to consolidated financial statements.

77

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

 Years Ended December 31, 202420232022Cash flows from operating activities:  Net income$336 $180 $3,697 Less: Income from discontinued operations, net of tax— — (3,873)Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used in) operating activities from continuing operations:Depreciation, amortization and impairments361 384 420 Contingent acquisition considerations fair value adjustments(6)16 21 Change in deferred income taxes(108)(84)(29)Stock-based compensation110 118 69 Non-cash interest expense9 10 14 Provision for bad debts and inventory charges14 12 — Loss on debt financing transactions2 15 147 Gain on remeasurement of debt— — (27)Foreign currency transaction net losses, (gain) on sale of assets and other, net(10)21 (1)Changes in assets and liabilities, net of effects of acquisitions:Receivables(148)(68)(35)Inventories2 (29)(65)Other assets and liabilities(14)(10)(40)Income taxes payable, net25 (40)(649)Accounts payable and accrued liabilities59 65 (74)Net cash provided by (used in) operating activities from continuing operations632 590 (425)Net cash provided by operating activities from discontinued operations— — 44 Net cash provided by (used in) operating activities632 590 (381)Cash flows from investing activities:  Capital expenditures(294)(242)(216)Acquisitions of businesses and assets, net of cash acquired(5)(4)(136)Proceeds from settlement of cross-currency interest rate swaps— — 50 Proceeds from