Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 198

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 198
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 Weighted average number of shares used in per share calculations:   Basic shares89 91 95 Diluted shares91 93 95 (1) Excludes D&A.(2) The year ended December 31, 2022 includes a pre-tax gain of $4,927 million on the sale of discontinued operations (see Note 1).

See accompanying notes to consolidated financial statements.

74

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

Years Ended December 31,202420232022Net income$336 $180 $3,697 Other comprehensive income (loss):Foreign currency translation (loss) gain, net of tax(81)42 (84)Derivative financial instruments unrealized (loss) gain, net of tax(1)(7)27 Total other comprehensive (loss) income(82)35 (57)Total comprehensive income254 215 3,640 Less: comprehensive income attributable to noncontrolling interest— 17 22 Comprehensive income attributable to L&W$254 $198 $3,618 

See accompanying notes to consolidated financial statements.

75

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in millions, except par value) 

 As of December 31,20242023ASSETSCurrent assets: Cash and cash equivalents$196 $425 Restricted cash110 90 Receivables, net of allowance for credit losses of $35 and $38, respectively585 506 Inventories158 177 Prepaid expenses, deposits and other current assets134 113 Total current assets1,183 1,311 Non-current assets:Restricted cash6 6 Receivables, net of allowance for credit losses of $5 and $3, respectively97 37 Property and equipment, net286 236 Operating lease right-of-use assets44 52 Goodwill2,890 2,945 Intangible assets, net454 605 Software, net161 158 Deferred income taxes229 142 Other assets71 60 Total assets$5,421 $5,552 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities:Current portion of long-term debt$23 $22 Accounts payable216 241 Accru