Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 114

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 114
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Comprehensive income attributable to L&W$254 $198 $3,618 

See accompanying notes to consolidated financial statements.

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LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in millions, except par value) 

 As of December 31,20242023ASSETSCurrent assets: Cash and cash equivalents$196 $425 Restricted cash110 90 Receivables, net of allowance for credit losses of $35 and $38, respectively585 506 Inventories158 177 Prepaid expenses, deposits and other current assets134 113 Total current assets1,183 1,311 Non-current assets:Restricted cash6 6 Receivables, net of allowance for credit losses of $5 and $3, respectively97 37 Property and equipment, net286 236 Operating lease right-of-use assets44 52 Goodwill2,890 2,945 Intangible assets, net454 605 Software, net161 158 Deferred income taxes229 142 Other assets71 60 Total assets$5,421 $5,552 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities:Current portion of long-term debt$23 $22 Accounts payable216 241 Accrued liabilities447 404 Income taxes payable49 29 Total current liabilities735 696 Deferred income taxes12 20 Operating lease liabilities31 39 Other long-term liabilities160 180 Long-term debt, excluding current portion3,847 3,852 Total liabilities4,785 4,787 Commitments and contingencies (Note 19)Stockholders’ equity:Common stock, par value $0.001 per share, 199 shares authorized, 117 and 116 shares issued, respectively, and 86 and 90 shares outstanding, respectively1 1 Additional paid-in capital1,200 1,118 Retained earnings1,016 680 Treasury stock, at cost, 31 and 26 shares, respectively(1,216)(751)Accumulated other comprehensive loss(365)(283)Total stockholders’ equity636 765 Total liabilities and stockholders’ equity $5,421 $5,552 

See accompanying notes to consolidated financial statements.

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LIGHT & WONDER, INC. AND SUBSIDIARIES