Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 35

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 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.

15

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 $71 (1) Includes amounts not allocated to the reportable 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