Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 95

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 95
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ivables or credit memos.

/s/ Deloitte & Touche LLP

Las Vegas, Nevada

February 25, 2025 

We have served as the Company’s auditor since 2003.

73

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)

  Years Ended December 31, 202420232022Revenue:   Services$2,105 $1,991 $1,795 Products1,083 911 717 Total revenue3,188 2,902 2,512 Operating expenses:   Cost of services(1)448 445 390 Cost of products(1)483 427 348 Selling, general and administrative872 808 717 Research and development262 228 218 Depreciation, amortization and impairments361 384 420 Restructuring and other 94 92 146 Operating income668 518 273 Other (expense) income:  Interest expense(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