Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 113

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 113
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293)(309)(327)Loss on debt financing transactions(2)(15)(147)Gain on remeasurement of debt and other— — 27 Other income, net48 11 11 Total other expense, net(247)(313)(436)Net income (loss) from continuing operations before income taxes421 205 (163)Income tax expense(85)(25)(13)Net income (loss) from continuing operations336 180 (176)Net income from discontinued operations, net of tax(2)— — 3,873 Net income336 180 3,697 Less: Net income attributable to noncontrolling interest— 17 22 Net income attributable to L&W$336 $163 $3,675 Per Share - Basic:Net income (loss) from continuing operations$3.77 $1.79 $(2.09)Net income from discontinued operations— — 40.87 Net income attributable to L&W$3.77 $1.79 $38.78 Per Share - Diluted:Net income (loss) from continuing operations $3.68 $1.75 $(2.09)Net income from discontinued operations— — 40.87 Net income attributable to L&W$3.68 $1.75 $38.78 Weighted average number of shares used in per share calculations:   Basic shares89 91 95 Diluted shares91 93 95 (1) Excludes D&A.(2) The year ended December 31, 2022 includes a pre-tax gain of $4,927 million on the sale of discontinued operations (see Note 1).

See accompanying notes to consolidated financial statements.

74

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

Years Ended December 31,202420232022Net income$336 $180 $3,697 Other comprehensive income (loss):Foreign currency translation (loss) gain, net of tax(81)42 (84)Derivative financial instruments unrealized (loss) gain, net of tax(1)(7)27 Total other comprehensive (loss) income(82)35 (57)Total comprehensive income254 215 3,640 Less: comprehensive income attributable to noncontrolling interest— 17 22