XML 39 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Operating Information by Segment The following tables present our segment information:
 
Three Months Ended June 30, 2019
 
Gaming
 
Lottery
 
SciPlay
 
Digital
 
Unallocated and Reconciling Items(1)
 
Total
Total revenue
$
427

 
$
231

 
$
118

 
$
69

 
$
—

 
$
845

AEBITDA(2)
215

 
103

 
33

 
12

 
(28
)
 
$
335

Reconciling items to consolidated net loss before income taxes:
D&A
(114
)
 
(20
)
 
(2
)
 
(19
)
 
(15
)
 
(170
)
Restructuring and other
(2
)
 
(1
)
 
(1
)
 
(1
)
 
(1
)
 
(6
)
EBITDA from equity investments
 
 
 
 
 
 
 
 
(18
)
 
(18
)
Earnings from equity investments
 
 
 
 
 
 
 
 
7

 
7

Interest expense
 
 
 
 
 
 
 
 
(147
)
 
(147
)
Loss on debt refinancing transactions
 
 
 
 
 
 
 
 
(60
)
 
(60
)
Loss on remeasurement of debt
 
 
 
 
 
 
 
 
(3
)
 
(3
)
Other income, net
 
 
 
 
 
 
 
 
4

 
4

Stock-based compensation
 
 
 
 
 
 
 
 
(10
)
 
(10
)
Net loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(68
)
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total business segments AEBITDA to our consolidated net loss before income taxes.
(2) Gaming AEBITDA decreased and SciPlay AEBITDA increased compared to prior periods as the IP charges are no longer being allocated to SciPlay per the IP License Agreement discussed in Note 1. The three months ended June 30, 2019 includes $3 million in intellectual property royalties paid by the SciPlay business segment, which were terminated as of May 7, 2019 in connection with the IP License Agreement described in Note 1. The IP charges for the three months ended June 30, 2018 were $6 million.


 
Three Months Ended June 30, 2018
 
Gaming
 
Lottery
 
SciPlay
 
Digital
 
Unallocated and Reconciling Items(1)
 
Total
Total revenue
$
471

 
$
207

 
$
100

 
$
67

 
$
—

 
$
845

AEBITDA
236

 
99

 
23

 
13

 
(31
)
 
$
340

Reconciling items to consolidated net loss before income taxes:
D&A
(121
)
 
(14
)
 
(6
)
 
(17
)
 
(15
)
 
(173
)
Restructuring and other
(2
)
 
3

 
(1
)
 
(4
)
 
(30
)
 
(34
)
EBITDA from equity investments
 
 
 
 
 
 
 
 
(16
)
 
(16
)
Earnings from equity investments
 
 
 
 
 
 
 
 
5

 
5

Interest expense
 
 
 
 
 
 
 
 
(146
)
 
(146
)
Gain on remeasurement of debt
 
 
 
 
 
 
 
 
34

 
34

Other expense, net
 
 
 
 
 
 
 
 
(1
)
 
(1
)
Stock-based compensation
 
 
 
 
 
 
 
 
(15
)
 
(15
)
Net loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(6
)
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total business segments AEBITDA to our consolidated net loss before income taxes.


 
Six Months Ended June 30, 2019
 
Gaming
 
Lottery
 
SciPlay
 
Digital
 
Unallocated and Reconciling Items(1)
 
Total
Total revenue
$
849

 
$
458

 
$
236

 
$
139

 
$
—

 
$
1,682

AEBITDA(2)
430

 
207

 
58

 
25

 
(57
)
 
$
663

Reconciling items to consolidated net loss before income taxes:
D&A
(226
)
 
(39
)
 
(4
)
 
(38
)
 
(28
)
 
(335
)
Restructuring and other
(4
)
 
(1
)
 
(2
)
 
(4
)
 
(2
)
 
(13
)
EBITDA from equity investments
 
 
 
 
 
 
 
 
(35
)
 
(35
)
Earnings from equity investments
 
 
 
 
 
 
 
 
13

 
13

Interest expense
 
 
 
 
 
 
 
 
(301
)
 
(301
)
Loss on debt refinancing transactions
 
 
 
 
 
 
 
 
(60
)
 
(60
)
Gain on remeasurement of debt
 
 
 
 
 
 
 
 
2

 
2

Other income, net
 
 
 
 
 
 
 
 
2

 
2

Stock-based compensation
 
 
 
 
 
 
 
 
(24
)
 
(24
)
Net loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(88
)
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total business segments AEBITDA to our consolidated net loss before income taxes.
(2) Gaming AEBITDA decreased and SciPlay AEBITDA increased compared to prior periods as the IP charges are no longer being allocated to SciPlay per the IP License Agreement discussed in Note 1. The six months ended June 30, 2019 includes $10 million in intellectual property royalties paid by the SciPlay business segment, which were terminated as of May 7, 2019 in connection with the IP License Agreement described in Note 1. The IP charges for the six months ended June 30, 2018 were $13 million.

 
Six Months Ended June 30, 2018
 
Gaming
 
Lottery
 
SciPlay
 
Digital
 
Unallocated and Reconciling Items(1)
 
Total
Total revenue
$
914

 
$
409

 
$
197

 
$
137

 
$
—

 
$
1,657

AEBITDA
454

 
193

 
46

 
30

 
(63
)
 
$
660

Reconciling items to consolidated net loss before income taxes:
D&A
(260
)
 
(28
)
 
(13
)
 
(33
)
 
(27
)
 
(361
)
Restructuring and other
(3
)
 
2

 
(19
)
 
(10
)
 
(56
)
 
(86
)
EBITDA from equity investments
 
 
 
 
 
 
 
 
(35
)
 
(35
)
Earnings from equity investments
 
 
 
 
 
 
 
 
12

 
12

Interest expense
 
 
 
 
 
 
 
 
(301
)
 
(301
)
Loss on debt financing transactions
 
 
 
 
 
 
 
 
(93
)
 
(93
)
Gain on remeasurement of debt
 
 
 
 
 
 
 
 
33

 
33

Other expense, net
 
 
 
 
 
 
 
 
(7
)
 
(7
)
Stock-based compensation
 
 
 
 
 
 
 
 
(24
)
 
(24
)
Net loss before income taxes
 
 
 
 
 
 
 
 
 
 
$
(202
)
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total business segments AEBITDA to our consolidated net loss before income taxes.