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Selected Quarterly Financial Data, Unaudited
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data, Unaudited Selected Quarterly Financial Data, Unaudited
 
Quarter Ended 2019
 
March 31 (a)
 
June 30 (b)
 
September 30 (c)
 
December 31 (d)
Total operating revenues
$
837

 
$
845

 
$
855

 
$
863

Total cost of revenues(1)
307

 
321

 
317

 
339

Net (loss) income
(24
)
 
(75
)
 
18

 
(37
)
Net (loss) income attributable to SGC
(24
)
 
(77
)
 
14

 
(43
)
 
 
 
 
 
 
 
 
Basic and diluted net (loss) income attributable to SGC per share:
 
 
 
 
 
 
 
Basic net (loss) income per share
$
(0.26
)
 
$
(0.83
)
 
$
0.15

 
$
(0.46
)
Diluted net (loss) income per share
$
(0.26
)
 
$
(0.83
)
 
$
0.15

 
$
(0.46
)
 
 
 
 
 
 
 
 
Weighted average number of shares used in per share calculations:
 
 
 
 
 
 
 
Basic shares
92

 
93

 
93

 
93

Diluted shares
92

 
93

 
94

 
93

(1) Excludes D&A
(a)
Includes a $5 million gain on remeasurement of debt.
(b)
Includes a loss on debt financing transactions of $60 million in connection with a partial retirement of the 2022 10% Unsecured Notes and a $3 million loss on remeasurement of debt.
(c)
Includes a gain on remeasurement of debt of $19 million.
(d)
Includes a loss on debt financing transactions of $40 million in connection with the retirement of the 2020 Notes and 2022 Unsecured Notes and the November 2019 amendment to our revolver, and a loss on remeasurement of debt of $12 million.






 

Quarter Ended 2018
 

March 31 (a)

June 30 (b)

September 30 (c)

December 31 (d)
Total operating revenues

$
812

 
$
845

 
$
821

 
$
886

Total cost of revenues(1)

297

 
316

 
301

 
341

Net (loss) income
 
(202
)
 
(6
)
 
(352
)
 
207

Net (loss) income attributable to SGC

(202
)
 
(6
)
 
(352
)
 
207

 
 
 
 
 
 
 
 
 
Basic and diluted net (loss) income per share attributable to SGC:

 

 

 

 
Basic net (loss) income per share

$
(2.24
)
 
$
(0.06
)
 
$
(3.85
)
 
$
2.25

Diluted net (loss) income per share
 
$
(2.24
)
 
$
(0.06
)
 
$
(3.85
)
 
$
2.21

 
 
 
 
 
 
 
 
 
Weighted average number of shares used in per share calculations:

 

 

 

 
Basic shares

90

 
91

 
91

 
92

Diluted shares

90

 
91

 
91

 
93

 
 
 
 
 
 
 
 
 
(1) Excludes D&A.

(a)
Includes a loss on debt financing transactions of $93 million in connection with the February 2018 Refinancing and $1 million loss on remeasurement of debt.
(b)
Includes a gain on remeasurement of debt of $35 million.
(c)
Includes a loss on remeasurement of debt of $4 million and a $310 million reserve related to the Shuffle Tech matter.
(d)
Includes a gain on remeasurement of debt of $14 million and a $183 million reversal of the Shuffle Tech matter legal reserve as a result of a settlement agreement reached.