Light & Wonder, Inc. (LNW) Financials

NASDAQ:LNW

Market Cap

6.99B

Total Revenue

2.51B

Gross Profit

1.77B

Operating Income

273.00M

Net Income

-176.00M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	1,090,900,000	1,786,400,000	2,758,800,000	2,883,400,000	3,083,600,000	3,363,200,000	3,400,000,000	2,724,000,000	2,153,000,000	2,512,000,000
costOfRevenue	591,700,000	849,400,000	1,104,100,000	1,106,300,000	1,164,600,000	1,255,300,000	1,284,000,000	1,160,000,000	609,000,000	738,000,000
grossProfit	499,200,000	937,000,000	1,654,700,000	1,777,100,000	1,919,000,000	2,107,900,000	2,116,000,000	1,564,000,000	1,544,000,000	1,774,000,000
researchAndDevelopmentExpenses	26,000,000	117,000,000	183,900,000	204,800,000	184,100,000	202,300,000	188,000,000	166,000,000	190,000,000	218,000,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	--	--	--	--	--	--	--	--	--	--
sellingGeneralAndAdministrativeExpenses	266,400,000	507,700,000	567,700,000	577,000,000	613,100,000	696,900,000	707,000,000	701,000,000	679,000,000	717,000,000
operatingExpenses	494,800,000	1,079,000,000	1,654,800,000	1,520,500,000	1,480,000,000	1,588,900,000	1,542,000,000	1,421,000,000	1,267,000,000	1,355,000,000
operatingIncome	-18,300,000	-172,700,000	-1,024,600,000	130,600,000	393,100,000	265,600,000	546,000,000	80,000,000	351,000,000	273,000,000
totalOtherIncomeExpensesNet	-28,200,000	-45,700,000	-1,029,200,000	-73,900,000	-57,100,000	-261,100,000	-654,000,000	-624,000,000	-645,000,000	-436,000,000
ebitda	207,200,000	323,200,000	898,400,000	1,022,200,000	1,148,700,000	1,201,000,000	1,156,000,000	634,000,000	749,000,000	730,000,000
depreciationAndAmortization	203,000,000	454,300,000	903,200,000	738,700,000	682,800,000	689,700,000	610,000,000	554,000,000	398,000,000	457,000,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	119,500,000	307,200,000	664,900,000	661,400,000	609,700,000	597,200,000	589,000,000	503,000,000	478,000,000	327,000,000
incomeBeforeTax	-143,300,000	-494,900,000	-1,694,200,000	-478,700,000	-227,800,000	-339,300,000	-108,000,000	-544,000,000	-294,000,000	-163,000,000
incomeTaxExpense	-117,700,000	-260,600,000	-299,900,000	-125,000,000	14,500,000	13,100,000	10,000,000	4,000,000	-318,000,000	13,000,000
netIncome	-30,200,000	-234,300,000	-1,394,300,000	-353,700,000	-242,300,000	-352,400,000	-118,000,000	-548,000,000	24,000,000	-176,000,000
eps	-0.36	-2.77	-16.23	-4.05	-2.72	-3.87	-1.27	-5.77	0.25	-1.85
epsdiluted	-0.36	-2.77	-16.23	-4.05	-2.72	-3.87	-1.27	-5.77	0.24	-1.85
weightedAverageShsOut	85,000,000	84,600,000	85,900,000	87,300,000	89,000,000	91,000,000	93,000,000	95,000,000	96,000,000	95,000,000
weightedAverageShsOutDil	85,000,000	84,600,000	85,900,000	87,300,000	89,000,000	91,000,000	93,000,000	95,000,000	98,000,000	95,000,000
costAndExpenses	1,086,500,000	1,928,400,000	2,758,900,000	2,626,800,000	2,644,600,000	2,844,200,000	2,826,000,000	2,581,000,000	1,876,000,000	2,093,000,000
otherExpenses	-1,100,000	4,000,000	-21,600,000	13,900,000	200,000	-32,600,000	647,000,000	554,000,000	398,000,000	420,000,000

Key Facts

Industry

Gambling

Sector

Consumer Cyclical

Headquarters

Las Vegas, NV, US

Website

scientificgames.com

CEO

Mr. Matthew R. Wilson

Employees

6100

About the Company

Light & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.