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Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2014
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries [Abstract]  
Supplemental condensed consolidating balance sheet
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2014
 
 
Parent Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
37.9

 
$
0.1

 
$
28.8

 
$
105.0

 
$
—

 
$
171.8

Restricted cash
 
—

 
—

 
27.1

 
0.1

 
—

 
27.2

Accounts receivable, net
 
—

 
61.8

 
212.9

 
193.7

 
—

 
468.4

Notes receivable, net
 
—

 
—

 
136.6

 
52.1

 
—

 
188.7

Inventories
 
—

 
35.2

 
106.0

 
124.4

 
—

 
265.6

Other current assets
 
65.4

 
20.2

 
114.7

 
56.0

 
—

 
256.3

Property and equipment, net
 
0.5

 
119.5

 
651.1

 
241.7

 
—

 
1,012.8

Investment in subsidiaries
 
4,730.7

 
953.4

 
—

 
—

 
(5,684.1
)
 
—

Goodwill
 
—

 
253.6

 
3,247.9

 
606.8

 
—

 
4,108.3

Intangible assets
 
162.0

 
42.2

 
1,761.8

 
285.6

 
—

 
2,251.6

Intercompany balances
 
—

 
6,580.0

 
—

 
—

 
(6,580.0
)
 
—

Software, net
 
15.6

 
32.9

 
467.3

 
76.9

 
—

 
592.7

Other assets
 
2.8

 
255.4

 
96.8

 
296.8

 
—

 
651.8

Total assets
 
$
5,014.9

 
$
8,354.3

 
$
6,851.0

 
$
2,039.1

 
$
(12,264.1
)
 
$
9,995.2

Liabilities and stockholders’ equity
 


 


 


 


 


 
 
Current installments of long-term debt
 
$
—

 
$
43.0

 
$
—

 
$
7.6

 
$
—

 
$
50.6

Other current liabilities
 
68.9

 
119.8

 
247.2

 
173.8

 
—

 
609.7

Long-term debt, excluding current installments
 
250.0

 
8,187.7

 
—

 
27.7

 
—

 
8,465.4

Other non-current liabilities
 
136.2

 
74.0

 
593.7

 
61.7

 
—

 
865.6

Intercompany balances
 
4,555.9

 
(0.1
)
 
1,637.9

 
386.3

 
(6,580.0
)
 
—

Stockholders’ equity
 
3.9

 
(70.1
)
 
4,372.2

 
1,382.0

 
(5,684.1
)
 
3.9

Total liabilities and stockholders’ equity
 
$
5,014.9

 
$
8,354.3

 
$
6,851.0

 
$
2,039.1

 
$
(12,264.1
)
 
$
9,995.2











SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2013
 
 
Parent Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
57.3

 
$
—

 
$
26.8

 
$
69.6

 
$
—

 
$
153.7

Restricted cash
 
—

 
—

 
10.9

 
—

 
—

 
10.9

Accounts receivable, net
 
—

 
66.9

 
135.4

 
143.7

 
—

 
346.0

Notes receivable
 
—

 
—

 
90.9

 
67.8

 
—

 
158.7

Inventories
 
—

 
28.2

 
59.6

 
50.0

 
—

 
137.8

Other current assets
 
13.9

 
10.5

 
95.0

 
30.9

 
—

 
150.3

Property and equipment, net
 
1.1

 
137.3

 
441.8

 
192.9

 
—

 
773.1

Investment in subsidiaries
 
1,962.5

 
796.5

 
—

 
—

 
(2,759.0
)
 
—

Goodwill
 
—

 
251.7

 
465.4

 
466.0

 
—

 
1,183.1

Intangible assets
 
1.9

 
42.0

 
340.6

 
26.6

 
—

 
411.1

Intercompany balances
 
—

 
1,430.1

 
296.3

 
—

 
(1,726.4
)
 
—

Other assets
 
15.4

 
179.4

 
293.6

 
423.3

 
—

 
911.7

Total assets
 
$
2,052.1

 
$
2,942.6

 
$
2,256.3

 
$
1,470.8

 
$
(4,485.4
)
 
$
4,236.4

Liabilities and stockholders’ equity
 
 

 
 

 
 

 
 

 
 

 


Current installments of long-term debt
 
$
—

 
$
23.0

 
$
—

 
$
7.4

 
$
—

 
$
30.4

Other current liabilities
 
30.4

 
63.2

 
176.2

 
151.4

 
—

 
421.2

Long-term debt, excluding current installments
 
250.0

 
2,912.2

 
—

 
—

 
—

 
3,162.2

Other non-current liabilities
 
20.8

 
37.8

 
121.2

 
67.8

 
—

 
247.6

Intercompany balances
 
1,375.9

 
—

 
2.4

 
348.1

 
(1,726.4
)
 
—

Stockholders’ equity
 
375.0

 
(93.6
)
 
1,956.5

 
896.1

 
(2,759.0
)
 
375.0

Total liabilities and stockholders’ equity
 
$
2,052.1

 
$
2,942.6

 
$
2,256.3

 
$
1,470.8

 
$
(4,485.4
)
 
$
4,236.4
Supplemental condensed consolidating statement of income and comprehensive income
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE LOSS
Year Ended December 31, 2014
 
 
Parent
Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
432.0

 
$
725.4

 
$
629.0

 
$
—

 
$
1,786.4

Cost of instant games, cost of services and cost of product sales (1)
 
—

 
133.6

 
370.1

 
345.7

 
—

 
849.4

Selling, general and administrative
 
86.7

 
67.0

 
234.2

 
119.8

 
—

 
507.7

Research and development
 
—

 
4.0

 
95.0

 
18.0

 
—

 
117.0

Employee termination and restructuring
 
3.5

 
1.8

 
17.5

 
7.9

 
—

 
30.7

Depreciation and amortization
 
7.9

 
46.9

 
303.3

 
96.2

 
—

 
454.3

Operating (loss) income
 
(98.1
)
 
178.7

 
(294.7
)
 
41.4

 
—

 
(172.7
)
Interest expense
 
(2.8
)
 
(146.7
)
 
(156.9
)
 
(0.8
)
 
—

 
(307.2
)
Other income (expense), net
 
(57.9
)
 
(187.6
)
 
177.7

 
52.8

 
—

 
(15.0
)
Net (loss) income before equity in income of subsidiaries and income taxes
 
(158.8
)
 
(155.6
)
 
(273.9
)
 
93.4

 
—

 
(494.9
)
Equity in (loss) income of subsidiaries
 
(330.3
)
 
55.9

 
—

 
—

 
274.4

 
—

Income tax benefit (expense)
 
254.8

 
(0.3
)
 
19.7

 
(13.6
)
 


 
260.6

Net (loss) income from continuing operations
 
$
(234.3
)
 
$
(100.0
)
 
$
(254.2
)
 
$
79.8

 
$
274.4

 
$
(234.3
)
 
 

 

 

 

 

 

Net loss from discontinued operations
 
—

 
—

 
—

 
—

 
—

 
—

 
 

 

 

 

 

 

Net (loss) income
 
(234.3
)
 
(100.0
)
 
(254.2
)
 
79.8

 
274.4

 
(234.3
)
 
 


 


 

 


 


 


Other comprehensive income (loss)
 
(112.7
)
 
(7.5
)
 
6.5

 
(111.2
)
 
112.2

 
(112.7
)
Comprehensive (loss) income
 
$
(347.0
)
 
$
(107.5
)
 
$
(247.7
)
 
$
(31.4
)
 
$
386.6

 
$
(347.0
)
_______________________________________________________________________________

(1)
Exclusive of depreciation and amortization.

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE LOSS
Year Ended December 31, 2013
 
 
Parent
Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
413.1

 
$
164.9

 
$
516.8

 
$
(3.9
)
 
$
1,090.9

Cost of instant games, cost of services and cost of product sales (1)
 
—

 
129.1

 
183.8

 
287.3

 
(8.5
)
 
591.7

Selling, general and administrative
 
77.2

 
52.7

 
50.3

 
87.8

 
(1.6
)
 
266.4

Research and development
 
—

 
4.6

 
17.4

 
4.0

 
—

 
26.0

Employee termination and restructuring
 
8.9

 
2.8

 
3.5

 
7.5

 
—

 
22.7

Depreciation and amortization
 
1.2

 
46.1

 
61.4

 
93.7

 


 
202.4

Operating (loss) income
 
(87.3
)
 
177.8

 
(151.5
)
 
36.5

 
6.2

 
(18.3
)
Interest expense
 
(21.3
)
 
(97.2
)
 
(0.2
)
 
(0.8
)
 
—

 
(119.5
)
Other (expense) income, net
 
16.3

 
(190.5
)
 
181.2

 
(6.3
)
 
(6.2
)
 
(5.5
)
Net (loss) income before equity in income of subsidiaries and income taxes
 
(92.3
)
 
(109.9
)
 
29.5

 
29.4

 
—

 
(143.3
)
Equity in (loss) income of subsidiaries
 
(61.8
)
 
29.4

 
—

 
—

 
32.4

 
—

Income tax benefit (expense)
 
128.5

 
(0.3
)
 
—

 
(10.5
)
 
—

 
117.7

Net (loss) income from continuing operations
 
(25.6
)
 
(80.8
)
 
29.5

 
18.9

 
32.4

 
(25.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss from discontinued operations
 
(4.6
)
 
—

 
—

 
(4.6
)
 
4.6

 
(4.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
(30.2
)
 
(80.8
)
 
29.5

 
14.3

 
37.0

 
(30.2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income
 
21.3

 
(1.8
)
 
—

 
1.1

 
0.7

 
21.3

Comprehensive (loss) income
 
$
(8.9
)
 
$
(82.6
)
 
$
29.5

 
$
15.4

 
$
37.7

 
$
(8.9
)
_______________________________________________________________________________

(1)
Exclusive of depreciation and amortization.

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF
OPERATIONS AND COMPREHENSIVE LOSS
Year Ended December 31, 2012
 
 
Parent
Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Revenue
 
$
—

 
$
421.9

 
$
45.0

 
$
466.2

 
$
(4.5
)
 
$
928.6

Cost of instant games, cost of services and cost of product sales (1)
 
—

 
136.2

 
138.5

 
252.4

 
(8.8
)
 
518.3

Selling, general and administrative
 
65.0

 
51.9

 
11.7

 
54.0

 
(3.2
)
 
179.4

Research and development
 
—

 
4.1

 
0.4

 
2.1

 
—

 
6.6

Employee termination and restructuring
 
—

 
—

 
—

 
10.6

 
—

 
10.6

Depreciation and amortization
 
0.6

 
36.6

 
24.0

 
89.6

 
—

 
150.8

Operating (loss) income
 
(65.6
)
 
193.1

 
(129.6
)
 
57.5

 
7.5

 
62.9

Interest expense
 
(21.2
)
 
(77.6
)
 
—

 
(1.2
)
 
—

 
(100.0
)
Other expense (income), net
 
29.0

 
(193.0
)
 
170.2

 
15.2

 
(7.5
)
 
13.9

Net (loss) income before equity in income of subsidiaries and income taxes
 
(57.8
)
 
(77.5
)
 
40.6

 
71.5

 
—

 
(23.2
)
Equity in income (loss) of subsidiaries
 
(41.8
)
 
40.0

 
—

 
—

 
1.8

 
—

Income tax benefit (expense)
 
55.7

 
(58.3
)
 
—

 
(18.1
)
 
—

 
(20.7
)
Net (loss) income from continuing operations
 
(43.9
)
 
(95.8
)
 
40.6

 
53.4

 
1.8

 
(43.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss from discontinued operations
 
(18.7
)
 
 
 
 
 
(18.7
)
 
18.7

 
(18.7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
(62.6
)
 
(95.8
)
 
40.6

 
34.7

 
20.5

 
(62.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income
 
29.8

 
1.0

 
—

 
28.7

 
(29.7
)
 
29.8

Comprehensive (loss) income
 
$
(32.8
)
 
$
(94.8
)
 
$
40.6

 
$
63.4

 
$
(9.2
)
 
$
(32.8
)
_______________________________________________________________________________

(1)
Exclusive of depreciation and amortization.
Supplemental condensed consolidating statement of cash flows
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2014
 
 
Parent
Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Net (loss) income
 
$
(234.3
)
 
$
(100.0
)
 
$
(254.2
)
 
$
79.8

 
$
274.4

 
$
(234.3
)
Depreciation and amortization
 
7.9

 
46.9

 
303.3

 
96.2

 
—

 
454.3

Change in deferred income taxes
 
(14.1
)
 
24.5

 
(144.5
)
 
(130.2
)
 
—

 
(264.3
)
Equity in income of subsidiaries
 
330.3

 
(55.9
)
 
—

 
—

 
(274.4
)
 
—

Non-cash interest expense
 
0.7

 
18.7

 
—

 
—

 
—

 
19.4

Earnings (loss) from equity investments
 
—

 
37.6

 
(4.3
)
 
(25.7
)
 
—

 
7.6

Distributed earnings from equity investments
 
—

 
0.8

 
4.3

 
23.4

 
—

 
28.5

Stock-based compensation
 
24.0

 
—

 
—

 
0.1

 
—

 
24.1

Early extinguishment of debt
 
—

 
25.9

 
—

 
—

 
—

 
25.9

Gain of sale of equity
 
—

 
—

 
—

 
(14.5
)
 
—

 
(14.5
)
Changes in working capital and other
 
(4.0
)
 
36.8

 
105.7

 
18.3

 
—

 
156.8

Net cash provided by (used in) operating activities
 
110.5

 
35.3

 
10.3

 
47.4

 
—

 
203.5

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Capital and wagering systems expenditures
 
(12.9
)
 
(30.1
)
 
(156.4
)
 
(38.9
)
 
—

 
(238.3
)
Investments in subsidiaries
 
—

 
—

 
—

 
—

 
—

 
—

Equity method investments
 
—

 
(7.6
)
 
—

 
(40.6
)
 
—

 
(48.2
)
Distribution of capital on equity investments
 
—

 
1.6

 
—

 
47.2

 
—

 
48.8

Proceeds on sale of equity interest
 
—

 
—

 
—

 
44.9

 
—

 
44.9

Restricted cash
 
—

 
—

 
(0.4
)
 
—

 
—

 
(0.4
)
Proceeds from sale of Racing Business
 
—

 
—

 
—

 
—

 
—

 
—

Business acquisitions, net of cash acquired
 
—

 
—

 
(3,140.6
)
 
—

 
—

 
(3,140.6
)
Other assets and investments
 
(3,210.2
)
 
29.3

 
4.3

 
49.3

 
3,128.2

 
0.9

Other, principally change in intercompany investing activities
 
—

 
(5,155.1
)
 
296.3

 
—

 
4,858.8

 
—

Net cash provided by (used in) investing activities
 
(3,223.1
)
 
(5,161.9
)
 
(2,996.8
)
 
61.9

 
7,987.0

 
(3,332.9
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net proceeds/payments on long-term debt
 
—

 
5,289.2

 
(1,882.9
)
 
(11.1
)
 
—

 
3,395.2

Excess tax benefit from equity-based
compensation plans
 
—

 
—

 
—

 
0.3

 
—

 
0.3

Payments of financing fees
 
—

 
(163.1
)
 
—

 
—

 
—

 
(163.1
)
Net proceeds from stock issue
 
(18.7
)
 
—

 
3,195.4

 
(67.2
)
 
(3,128.2
)
 
(18.7
)
Common stock purchases
 
(29.5
)
 
—

 
—

 
—

 
—

 
(29.5
)
Contingent earnout payment
 
—

 
—

 
(10.0
)
 
(3.2
)
 
—

 
(13.2
)
Payment on license obligations
 
—

 
—

 
(13.6
)
 
—

 
—

 
(13.6
)
Other, principally change in intercompany financing activities
 
3,141.4

 
—

 
1,699.2

 
18.2

 
(4,858.8
)
 
—

Net cash provided by (used in) financing activities
 
3,093.2

 
5,126.1

 
2,988.1

 
(63.0
)
 
(7,987.0
)
 
3,157.4

Effect of exchange rate changes on cash
 
—

 
0.6

 
0.4

 
(10.9
)
 
—

 
(9.9
)
Increase (decrease) in cash and cash equivalents
 
(19.4
)
 
0.1

 
2.0

 
35.4

 
—

 
18.1

Cash and cash equivalents, beginning of period
 
57.3

 
—

 
26.8

 
69.6

 
—

 
153.7

Cash and cash equivalents, end of year
 
$
37.9

 
$
0.1

 
$
28.8

 
$
105.0

 
$
—

 
$
171.8


SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2013


Parent
Company

SGI

Guarantor
Subsidiaries

Non-
Guarantor
Subsidiaries

Eliminating
Entries

Consolidated
Net (loss) income
 
$
(30.2
)
 
$
(80.8
)
 
$
29.5

 
$
14.3

 
$
37.0

 
$
(30.2
)
Depreciation and amortization
 
1.2

 
46.1

 
61.4

 
94.3

 
—

 
203.0

Change in deferred income taxes
 
1.0

 
9.6

 
(116.5
)
 
(1.9
)
 
—

 
(107.8
)
Equity in income of subsidiaries
 
66.4

 
(29.4
)
 
—

 
—

 
(37.0
)
 
—

Non-cash interest expense
 
0.7

 
8.0

 
—

 
—

 
—

 
8.7

Earnings (loss) from equity investments
 
—

 
4.6

 
(3.2
)
 
(2.9
)
 
—

 
(1.5
)
Distributed earnings from equity investments
 
—

 
1.0

 
3.2

 
25.3

 
—

 
29.5

Stock-based compensation
 
21.7

 
0.1

 
—

 
0.5

 
—

 
22.3

Early extinguishment of debt
 
—

 
5.9

 
—

 
—

 
—

 
5.9

Allowance for doubtful accounts
 
—

 
0.9

 
6.5

 
0.5

 
—

 
7.9

Changes in working capital and other
 
(0.4
)
 
(9.3
)
 
40.4

 
2.7

 
—

 
33.4

Net cash provided by (used in) operating activities
 
60.4

 
(43.3
)
 
21.3

 
132.8

 
—

 
171.2

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Capital and wagering systems expenditures
 
(6.9
)
 
(30.3
)
 
(49.8
)
 
(78.8
)
 
—

 
(165.8
)
Investments in subsidiaries
 
(1,485.9
)
 
35.9

 
—

 
28.5

 
1,421.5

 
—

Equity method investments
 
—

 
(40.3
)
 
—

 
(25.1
)
 
—

 
(65.4
)
Restricted cash
 
—

 
—

 
(0.7
)
 
30.8

 
—

 
30.1

Proceeds from sale of Racing Business
 
10.0

 
—

 
—

 
—

 
—

 
10.0

Business acquisitions, net of cash acquired
 
—

 
—

 
(1,489.1
)
 
16.2

 
—

 
(1,472.9
)
Other assets and investments
 
—

 
—

 
(0.3
)
 
(0.4
)
 
—

 
(0.7
)
Other, principally change in intercompany investing activities
 
79.7

 
(1,430.1
)
 
166.5

 
—

 
1,183.9

 
—

Net cash provided by (used in) investing activities
 
(1,403.1
)
 
(1,464.8
)
 
(1,373.4
)
 
(28.8
)
 
2,605.4

 
(1,664.7
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net proceeds/payments on long-term debt
 
—

 
1,728.7

 
(100.0
)
 
(5.4
)
 
—

 
1,623.3

Excess tax benefit from equity-based
compensation plans
 
—

 
—

 
—

 
0.9

 
—

 
0.9

Payments of financing fees
 
—

 
(82.6
)
 
—

 
—

 
—

 
(82.6
)
Net proceeds from stock issue
 
(2.1
)
 
—

 
1,476.5

 
(55.0
)
 
(1,421.5
)
 
(2.1
)
Purchase of treasury stock
 
(0.8
)
 
—

 
—

 
—

 
—

 
(0.8
)
Other, principally change in intercompany financing activities
 
1,375.8

 
(138.7
)
 
—

 
(53.2
)
 
(1,183.9
)
 
—

Net cash provided by (used in) financing activities
 
1,372.9

 
1,507.4

 
1,376.5

 
(112.7
)
 
(2,605.4
)
 
1,538.7

Effect of exchange rate changes on cash
 
—

 
0.3

 
—

 
(0.8
)
 
—

 
(0.5
)
Increase (decrease) in cash and cash equivalents
 
30.2

 
(0.4
)
 
24.4

 
(9.5
)
 
—

 
44.7

Cash and cash equivalents, beginning of period
 
27.1

 
0.4

 
2.4

 
79.1

 
—

 
109.0

Cash and cash equivalents, end of year
 
$
57.3

 
$
—

 
$
26.8

 
$
69.6

 
$
—

 
$
153.7



SUPPLEMENTALCONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2012
 
 
Parent
Company
 
SGI
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Consolidated
Net (loss) income
 
$
(62.6
)
 
$
(95.8
)
 
$
40.6

 
$
34.7

 
$
20.5

 
$
(62.6
)
Depreciation and amortization
 
0.6

 
36.7

 
24.0

 
112.1

 
—

 
173.4

Change in deferred income taxes
 
(46.4
)
 
61.7

 
(9.3
)
 
1.9

 
—

 
7.9

Equity in income of subsidiaries
 
60.5

 
(40.0
)
 
—

 
—

 
(20.5
)
 
—

Non-cash interest expense
 
0.7

 
7.1

 
—

 
—

 
—

 
7.8

Undistributed earnings from equity investments
 
—

 
2.6

 
5.2

 
(2.2
)
 
4.4

 
10.0

Stock-based compensation
 
24.2

 
—

 
—

 
—

 
—

 
24.2

Early extinguishment of debt
 
—

 
15.5

 
—

 
—

 
—

 
15.5

Allowance for doubtful accounts
 
—

 
(0.3
)
 
—

 
6.2

 
—

 
5.9

Changes in working capital and other
 
2.5

 
(9.4
)
 
6.5

 
(20.5
)
 
(4.4
)
 
(25.3
)
Net cash provided by (used in) operating activities
 
(20.5
)
 
(21.9
)
 
67.0

 
132.2

 
—

 
156.8

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Capital and wagering systems expenditures
 
(2.8
)
 
(30.2
)
 
(17.1
)
 
(61.3
)
 
—

 
(111.4
)
Investments in subsidiaries
 
—

 
(37.1
)
 
—

 
85.3

 
(48.2
)
 
—

Equity method investments
 
—

 
1.0

 
0.2

 
23.7

 
—

 
24.9

Restricted cash
 
—

 
—

 
—

 
(29.4
)
 
—

 
(29.4
)
Proceeds from sale of Racing Business
 
—

 
—

 
—

 
—

 
—

 
—

Business acquisitions, net of cash acquired
 
—

 
(1.0
)
 
—

 
(23.8
)
 
—

 
(24.8
)
Other assets and investments
 
(0.5
)
 
(0.1
)
 
—

 
(0.6
)
 
—

 
(1.2
)
Other, principally change in intercompany investing activities
 
100.1

 


 
(50.1
)
 


 
(50.0
)
 
—

Net cash provided by (used in) investing activities
 
96.8

 
(67.4
)
 
(67.0
)
 
(6.1
)
 
(98.2
)
 
(141.9
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net proceeds/payments on long-term debt
 
—

 
93.7

 
—

 
(17.0
)
 
—

 
76.7

Excess tax benefit from equity-based
compensation plans
 
—

 
—

 
—

 
0.4

 
—

 
0.4

Payments of financing fees
 
—

 
(14.0
)
 
—

 
—

 
—

 
(14.0
)
Net proceeds from stock issue
 
(4.7
)
 
—

 
—

 
(48.2
)
 
48.2

 
(4.7
)
Purchase of treasury stock
 
(68.5
)
 
—

 
—

 
—

 
—

 
(68.5
)
Other, principally change in intercompany financing activities
 
—

 
9.9

 
—

 
(59.9
)
 
50.0

 
—

Net cash provided by (used in) financing activities
 
(73.2
)
 
89.6

 
—

 
(124.7
)
 
98.2

 
(10.1
)
Effect of exchange rate changes on cash
 
—

 
—

 
—

 
(0.2
)
 
—

 
(0.2
)
Increase in cash and cash equivalents
 
3.1

 
0.3

 
—

 
1.2

 
—

 
4.6

Cash and cash equivalents, beginning of period
 
24.0

 
0.1

 
2.4

 
77.9

 
—

 
104.4

Cash and cash equivalents, end of year
 
$
27.1

 
$
0.4

 
$
2.4

 
$
79.1

 
$
—

 
$
109.0