Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 28

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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)(71)Cash flows from financing activities: Borrowings under revolving credit facility110 — Repayments under revolving credit facility(70)— Payments on long-term debt(5)— Payments of debt issuance and deferred financing costs(3)(2)Payments on license obligations(5)(5)Purchase of L&W common stock(166)(25)Net redemptions of common stock under stock-based compensation plans and other(32)(33)Net cash used in financing activities(171)(65)Effect of exchange rate changes on cash, cash equivalents and restricted cash3 (3)(Decrease) increase in cash, cash equivalents and restricted cash(45)32 Cash, cash equivalents and restricted cash, beginning of period312 521 Cash, cash equivalents and restricted cash, end of period$267 $553 Supplemental cash flow information:Cash paid for interest$54 $63 Income taxes paid24 8 Supplemental non-cash transactions:Non-cash interest expense$2 $2 

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 global games company with a focus on content and digital markets. Our portfolio of revenue-generating activities primarily includes supplying game content and gaming machines, CMSs and table game products and services to licensed gaming entities; providing social casino and other online games, including casual gaming, to retail customers; and providing a comprehensive suite of digital gaming content, distribution platforms and player account management systems, as well as various other iGaming content and services. We report our results of operations in three reportable business segments—Gaming, SciPlay and iGaming—representing our different products and services.Basis of Presentation and Principles of ConsolidationThe accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and include the accounts of L&W, its wholly owned subsidiaries and those subsidiaries in which we have a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation.In the opinion of L&W and its management, we have made all adjustments necessary to present fairly our condensed consolidated financial position, results of operations, comprehensive income and cash flows for the periods