Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 27

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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Inventories169 158 Prepaid expenses, deposits and other current assets124 134 Total current assets1,184 1,183 Non-current assets:Restricted cash5 6 Receivables, net of allowance for credit losses of $593 97 Property and equipment, net291 286 Operating lease right-of-use assets42 44 Goodwill2,919 2,890 Intangible assets, net429 454 Software, net166 161 Deferred income taxes256 229 Other assets70 71 Total assets$5,455 $5,421 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities:Current portion of long-term debt$23 $23 Accounts payable244 216 Accrued liabilities434 447 Income taxes payable52 49 Total current liabilities753 735 Deferred income taxes12 12 Operating lease liabilities29 31 Other long-term liabilities157 160 Long-term debt, excluding current portion3,884 3,847 Total liabilities4,835 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 85 and 86 shares outstanding, respectively1 1 Additional paid-in capital1,226 1,200 Retained earnings1,098 1,016 Treasury stock, at cost, 33 and 31 shares, respectively(1,383)(1,216)Accumulated other comprehensive loss(322)(365)Total stockholders’ equity620 636 Total liabilities and stockholders’ equity $5,455 $5,421 

See accompanying notes to condensed consolidated financial statements.

10

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

 Three Months Ended March 31, 20252024Cash flows from operating activities: Net income$82 $82 Adjustments to reconcile net income to net cash provided by operating activities107 83 Changes in working capital accounts, excluding the effects of acquisition(4)6 Net cash provided by operating activities185 171 Cash flows from investing activities: Capital expenditures(61)(66)Other(1)(5)Net cash used in investing activities(62