Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 123

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 123
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 machines, VGTs and VLTs (including conversion kits and parts), and leases or otherwise provides gaming content, gaming machines and server-based systems. It also sells and supports CMS-based software and hardware, licenses PTG content and supplies Shufflers and other table products utilities to commercial, tribal and governmental gaming operators. Our SciPlay business segment develops, markets and operates a portfolio of social games played on various online platforms. Our iGaming business segment provides a comprehensive suite of digital gaming content, distribution platforms and player account management systems, as well as various other iGaming content and services. See Note 3 for the products and services from which each reportable segment derives its revenues.In evaluating financial performance, our CODM (defined as our Chief Executive Officer) focuses on adjusted earnings before interest, taxes, depreciation and amortization (“AEBITDA”) as management’s primary segment measure of profit or loss, which is described in footnote (5) to the below table. Our CODM uses business segment AEBITDA to evaluate the performance of each business segment and allocate resources. Additionally, AEBITDA is one of the key metrics used in our incentive compensation program. The accounting policies for our business segments are the same as those described in these Notes.

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The following tables present our segment information:Year Ended December 31, 2024GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalTotal revenue$2,068 $821 $299 $3,188 $— $3,188 Cost of revenue(2)(603)(231)(97)(931)— (931)Payroll and related(3)(321)(102)(70)(493)— (493)Other segment reconciling items(4)(117)(216)(34)(367)(153)(520)AEBITDA(5)1,027 272 98 1,397 (153)1,244 Reconciling items to net income from continuing operations before income taxes:Restructuring and other(2)(1)(4)(7)(87)(94)D&A(361)(361)Interest expense(293)(293)Loss on debt refinancing transactions(2)(2)Other income, net37 37 Stock-based compensation(110)(110)Net income from continuing operations before income taxes$421 Assets as of December 31, 2024$3,964 $444 $735