Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 90

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 segments (including corporate costs) and items to reconcile the total reportable segments AEBITDA to our consolidated net income before income taxes.(2) Excludes D&A.(3) Excludes stock-based compensation.(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance and other operating expenses.(5) AEBITDA is reconciled to net income before income taxes with the following adjustments, as applicable: (1) depreciation and amortization expense and impairment charges (including goodwill impairments); (2) restructuring and other, which includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition- and disposition-related costs, strategic review and other unusual items; (3) interest expense; (4) gain (loss) on debt financing transactions; (5) change in fair value of investments and remeasurement of debt and other; (6) other income (expense), net, including foreign currency gains or losses and earnings from equity investments; and (7) stock-based compensation. AEBITDA is presented as our primary segment measure of profit or loss.

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Three Months Ended September 30, 2024GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalTotal revenue$537 $206 $74 $817 $— $817 Cost of revenue(2)(166)(57)(23)(246)— (246)Payroll and related(3)(82)(26)(18)(126)— (126)Other segment reconciling items(4)(22)(57)(9)(88)(38)(126)AEBITDA(5)267 66 24 357 (38)319 Reconciling items to net income before income taxes:Restructuring and other— (1)— (1)(35)(36)D&A(90)(90)Interest expense(73)(73)Loss on debt financing transactions(2)(2)Other expense, net(8)(8)Stock-based compensation(29)(29)Net income before income taxes$81 Capital expenditures for the three months ended September 30, 2024$56 $4 $5 $66 $5 $