LNW
Light & Wonder, Inc. (LNW)
Last Price$102.0(0.9%)
Market Cap$9,085.6M
$3,188.0M
+9.8% YoY
$335.0M
+105.5% YoY
($118.0M)
Net Debt to FCF - (0.4x)
$271.0M
8.5% margin

LNW Income Statement

LNW Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$3,188.0M 9.9% YoY
$2,257.0M 11.2% YoY
70.8% margin
Cost of revenue
$931.0M 6.8% YoY
Operating income
$668.0M 29.0% YoY
21.0% margin
Other: $46.0M
Net interest: $293.0M
Operating expenses
$1,589.0M 2.5% YoY
Pre-tax income
$421.0M 105.4% YoY
13.2% margin
Net income
$336.0M 106.1% YoY
10.5% margin
Income tax
$85.0M
20.2% tax rate
R&D
$262.0M 14.9% YoY
8.2% of revenue
SG&A
$872.0M 7.9% YoY
27.4% of revenue

LNW Income statement key metrics

Annual
Quarterly
LTM

Revenue

$3,188.0M +9.9% YoY

Operating Income

$668.0M +29.0% YoY

Net Income

$336.0M +106.1% YoY

LNW Balance Sheet

LNW Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$5,421.0M
Current assets ($1,183.0M, 21.8% of total)
$196.0M (3.6%)
$585.0M (10.8%)
Other current assets
$402.0M (7.4%)
Non-current assets ($4,238.0M, 78.2% of total)
$454.0M (8.4%)
Other non-current assets
$3,454.0M (63.7%)
Financial position
($95.0M)
$196.0M$101.0M
Cash & Short-term Investments
Total Debt

LNW Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$5,421.0M -2.4% YoY

Liabilities

$4,785.0M -0.0% YoY

Shareholder's Equity

$636.0M -16.9% YoY

LNW Cash Flow Statement

LNW Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$521.0M$632.0M($258.0M)($577.0M)($6,000.0K)$312.0M

LNW Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$632.0M +5.4% YoY

Capital Expenditure (CAPEX)

($294.0M) +45.0% YoY

Free Cash Flow (FCF)

$338.0M -22.1% YoY

LNW Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
% growth
781.7
7.7%
897.2
14.8%
1,046.7
16.7%
1,118.8
6.9%
927.7
(17.1%)
882.5
(4.9%)
878.7
(0.4%)
940.6
7.0%
1,090.9
16.0%
1,786.4
63.8%
2,758.8
54.4%
2,883.4
4.5%
3,083.6
6.9%
3,363.2
9.1%
3,400.0
1.1%
2,724.0
(19.9%)
2,153.0
(21.0%)
2,512.0
16.7%
2,902.0
15.5%
3,188.0
9.9%
Cost of Goods Sold (COGS)452.1509.9611.8680.6549.5514.9491.3528.7591.7849.41,104.11,106.31,164.61,255.31,284.01,160.0609.0738.0872.0931.0
% margin
329.6
42.2%
387.3
43.2%
434.9
41.6%
438.2
39.2%
378.3
40.8%
367.6
41.7%
387.4
44.1%
411.9
43.8%
499.2
45.8%
937.0
52.5%
1,654.7
60.0%
1,777.1
61.6%
1,919.0
62.2%
2,107.9
62.7%
2,116.0
62.2%
1,564.0
57.4%
1,544.0
71.7%
1,774.0
70.6%
2,030.0
70.0%
2,257.0
70.8%
Operating Expenses198.6261.7329.1416.6324.0300.9303.6362.2494.81,079.01,654.81,520.51,480.01,588.91,542.01,421.01,267.01,355.01,550.01,589.0
Research & Development Expenses (R&D)0.00.00.00.00.00.00.06.626.0117.0183.9204.8184.1202.3188.0166.0190.0218.0228.0262.0
Selling, General & Administrative Expenses (SG&A)131.8155.7168.7184.2172.2159.1185.0188.8266.4507.7567.7577.0613.1696.9707.0701.0679.0717.0808.0872.0
129.8
16.6%
124.8
13.9%
103.8
9.9%
80.2
7.2%
113.5
12.2%
115.9
13.1%
113.2
12.9%
38.2
4.1%
(18.3)
(1.7%)
(172.7)
(9.7%)
(1,024.6)
(37.1%)
130.6
4.5%
393.1
12.7%
265.6
7.9%
546.0
16.1%
80.0
2.9%
351.0
16.3%
273.0
10.9%
518.0
17.8%
668.0
21.0%
Interest Income0.00.00.00.00.00.00.00.00.00.00.00.00.00.0589.0503.0478.0327.015.00.0
Interest Expense26.234.013.265.087.5101.6104.7100.0119.5307.2664.9661.4609.7597.2589.0503.0478.0327.0324.0293.0
Pre-tax Income103.690.890.616.9(26.3)(5.3)3.4(48.0)(143.3)(494.9)(1,694.2)(478.7)(227.8)(339.3)(108.0)(544.0)(294.0)(163.0)205.0421.0
% effective tax rate
28.3
27.3%
24.1
26.5%
25.2
27.8%
8.4
49.8%
13.5
(51.4%)
143.9
(2,708.2%)
16.0
468.3%
14.6
(30.5%)
(117.7)
82.1%
(260.6)
52.7%
(299.9)
17.7%
(125.0)
26.1%
14.5
(6.4%)
13.1
(3.9%)
10.0
(9.3%)
4.0
(0.7%)
(318.0)
108.2%
13.0
(8.0%)
25.0
12.2%
85.0
20.2%
% margin
75.3
9.6%
66.8
7.4%
65.4
6.2%
8.5
0.8%
(39.9)
(4.3%)
(149.2)
(16.9%)
(12.6)
(1.4%)
(62.6)
(6.7%)
(30.2)
(2.8%)
(234.3)
(13.1%)
(1,394.3)
(50.5%)
(353.7)
(12.3%)
(242.3)
(7.9%)
(352.4)
(10.5%)
(118.0)
(3.5%)
(548.0)
(20.1%)
24.0
1.1%
(176.0)
(7.0%)
163.0
5.6%
336.0
10.5%
EPS0.840.730.57(0.05)(0.43)(1.61)(0.14)(0.70)(0.36)(2.77)(16.23)(4.05)(2.72)(3.87)(1.27)(5.79)0.25(1.86)1.795.69
Diluted EPS0.810.700.55(0.05)(0.43)(1.61)(0.14)(0.70)(0.36)(2.77)(16.23)(4.05)(2.72)(3.87)(1.27)(5.77)0.24(1.85)1.755.56
% margin
196.6
25.1%
216.5
24.1%
309.5
29.6%
300.6
26.9%
213.0
23.0%
238.1
27.0%
226.7
25.8%
225.4
24.0%
160.1
14.7%
271.0
15.2%
(295.8)
(10.7%)
909.9
31.6%
1,057.7
34.3%
950.2
28.3%
1,120.0
32.9%
163.0
6.0%
749.0
34.8%
591.0
23.5%
898.0
30.9%
1,075.0
33.7%