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Light & Wonder, Inc. (SGMS)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Gaming  1,601.01,321.0926.01,748.01,831.01,844.01,772.71,773.6
    Other  778.0602.0518.0822.01,173.0966.0924.4 
    Lottery      846.0812.0777.9775.2
    SciPlay  671.0606.0582.0466.0416.0362.0  
    Other         210.0
Total revenues   [+]2,512.02,153.01,699.02,388.03,363.03,084.02,883.42,758.8
            Revenue growth   [+]16.7%26.7%-28.9%-29.0%9.0%7.0%4.5%54.4%
Cost of goods sold   [+]738.0609.0610.0746.01,255.01,164.01,106.31,104.1
Gross profit  1,774.01,544.01,089.01,642.02,108.01,920.01,777.11,654.7
            Gross margin  70.6%71.7%64.1%68.8%62.7%62.3%61.6%60.0%
Selling, general and administrative  717.0679.0627.0619.0697.0613.0577.0567.7
Research and development  218.0190.0148.0166.0202.0184.0204.8183.9
Equity in earnings      25.027.013.016.9
EBITDA   [+]839.0675.0314.0857.01,234.01,150.01,008.3920.0
            EBITDA margin  33.4%31.4%18.5%35.9%36.7%37.3%35.0%33.3%
Depreciation  181.0201.0242.0285.0393.0423.0486.8657.7
EBITA  658.0474.072.0572.0841.0727.0521.5262.3
            EBITA margin  26.2%22.0%4.2%24.0%25.0%23.6%18.1%9.5%
Amortization of intangibles  239.0197.0207.0257.0297.0260.0251.9245.5
EBIT   [+]419.0277.0-135.0315.0544.0467.0269.616.8
            EBIT margin  16.7%12.9%-7.9%13.2%16.2%15.1%9.4%0.6%
Non-recurring items   [+]146.0167.0110.025.0253.046.0126.01,024.5
Interest expense  327.0478.0503.0589.0597.0610.0661.4664.9
Other income (expense), net   [+]-109.074.0-56.0-78.0-33.0-38.039.1-21.6
Pre-tax income  -163.0-294.0-804.0-377.0-339.0-227.0-478.7-1,694.2
Income taxes  13.0-318.0-3.03.0-13.015.0125.0-299.9
            Tax rate   108.2%0.4% 3.8%  17.7%
Earnings from continuing ops  -176.024.0-1,602.0-660.0-339.0-242.0-478.7-1,394.3
Earnings from discontinued ops  3,873.0366.0253.0212.0    
Net income  3,697.0390.0-1,349.0-448.0-339.0-242.0-478.7-1,394.3
            Net margin  147.2%18.1%-79.4%-18.8%-10.1%-7.8%-16.6%-50.5%
   
Basic EPS   [+]($1.85)$0.25($16.86)($7.10)($3.73)($2.72)($5.48)($16.23)
Diluted EPS   [+]($1.85)$0.24($16.86)($7.10)($3.73)($2.72)($5.48)($16.23)
   
Shares outstanding (basic)   [+]95.096.095.093.091.089.087.385.9
Shares outstanding (diluted)   [+]95.098.095.093.091.089.087.385.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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