Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 30

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 equity702 636 Total liabilities and stockholders’ equity $6,490 $5,421 

See accompanying notes to condensed consolidated financial statements.

10

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

 Six Months Ended June 30, 20252024Cash flows from operating activities: Net income$177 $164 Adjustments to reconcile net income to net cash provided by operating activities225 196 Changes in working capital accounts, excluding the effects of acquisition(111)(48)Net cash provided by operating activities291 312 Cash flows from investing activities: Capital expenditures(139)(153)Acquisitions of businesses and assets, net of cash acquired(861)(5)Net cash used in investing activities(1,000)(158)Cash flows from financing activities: Borrowings under revolving credit facility365 — Repayments under revolving credit facility (170)— Proceeds from issuance of senior notes and term loans800 — Payments on long-term debt(11)(5)Payments of debt issuance and deferred financing costs(5)(2)Payments on license obligations(12)(14)Payments of contingent acquisition considerations(2)(14)Purchase of L&W common stock(270)(175)Net redemptions of common stock under stock-based compensation plans and other(35)(40)Net cash provided by (used in) financing activities660 (250)Effect of exchange rate changes on cash, cash equivalents and restricted cash8 (3)Decrease in cash, cash equivalents and restricted cash(41)(99)Cash, cash equivalents and restricted cash, beginning of period312 521 Cash, cash equivalents and restricted cash, end of period$271 $422 Supplemental cash flow information:Cash paid for interest$137 $146 Income taxes paid71 70 Cash paid for contingent acquisition considerations included in operating activities— 22 Supplemental non-cash transactions:Non-cash interest expense$5 $5 

See accompanying notes to condensed consolidated financial statements.

11

LIGHT & WONDER, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited, amounts in USD, table amounts in millions, except per share amounts)

(1) Description of the Business and Summary of Significant Accounting Policies

Description of the BusinessWe are a leading cross-platform