Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 29

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 financial instruments unrealized (loss) gain, net of tax(3)— (8)6 Total other comprehensive income (loss)72 (1)115 (24)Total comprehensive income$167 $81 $292 $140 

See accompanying notes to condensed consolidated financial statements.

9

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in millions, except par value)

 As ofJune 30, 2025December 31, 2024ASSETSCurrent assets: Cash and cash equivalents$136 $196 Restricted cash130 110 Receivables, net of allowance for credit losses of $27 and $35, respectively643 585 Inventories187 158 Prepaid expenses, deposits and other current assets141 134 Total current assets1,237 1,183 Non-current assets:Restricted cash5 6 Receivables, net of allowance for credit losses of $7 and $5, respectively.93 97 Property and equipment, net351 286 Operating lease right-of-use assets44 44 Goodwill3,355 2,890 Intangible assets, net882 454 Software, net176 161 Deferred income taxes272 229 Other assets75 71 Total assets$6,490 $5,421 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities:Current portion of long-term debt$38 $23 Accounts payable248 216 Accrued liabilities358 447 Income taxes payable53 49 Total current liabilities697 735 Deferred income taxes13 12 Operating lease liabilities30 31 Other long-term liabilities230 160 Long-term debt, excluding current portion4,818 3,847 Total liabilities5,788 4,785 Commitments and contingencies (Note 15)Stockholders’ equity:Common stock, par value $0.001 per share, 199 shares authorized; 118 and 117 shares issued, respectively, and 84 and 86 shares outstanding, respectively1 1 Additional paid-in capital1,242 1,200 Retained earnings1,193 1,016 Treasury stock, at cost, 34 and 31 shares, respectively(1,484)(1,216)Accumulated other comprehensive loss(250)(365)Total stockholders’