Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 28

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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ized loss, net of tax(2)(14)(10)(8)Total other comprehensive income6 46 121 22 Total comprehensive income$120 $110 $412 $250 

See accompanying notes to condensed consolidated financial statements.

9

LIGHT & WONDER, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in millions, except par value)

 As ofSeptember 30, 2025December 31, 2024ASSETSCurrent assets: Cash and cash equivalents$236 $196 Restricted cash88 110 Receivables, net of allowance for credit losses of $28 and $35, respectively659 585 Inventories175 158 Prepaid expenses, deposits and other current assets164 134 Total current assets1,322 1,183 Non-current assets:Restricted cash5 6 Receivables, net of allowance for credit losses of $587 97 Property and equipment, net348 286 Operating lease right-of-use assets48 44 Goodwill3,361 2,890 Intangible assets, net842 454 Software, net184 161 Deferred income taxes241 229 Other assets71 71 Total assets$6,509 $5,421 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities:Current portion of long-term debt$49 $23 Accounts payable162 216 Accrued liabilities374 447 Income taxes payable36 49 Total current liabilities621 735 Deferred income taxes13 12 Operating lease liabilities32 31 Other long-term liabilities227 160 Long-term debt, excluding current portion4,893 3,847 Total liabilities5,786 4,785 Commitments and contingencies (Note 15)Stockholders’ equity:Common stock, par value $0.001 per share, 199 shares authorized; 119 and 117 shares issued, respectively, and 83 and 86 shares outstanding, respectively1 1 Additional paid-in capital1,255 1,200 Retained earnings1,307 1,016 Treasury stock, at cost, 36 and 31 shares, respectively(1,596)(1,216)Accumulated other comprehensive loss(244)(365)Total stockholders’ equity723 636 Total liabilities and stockholders’ equity $6,509 $