Stockholders' Deficit

9 Months Ended

Sep. 30, 2021

Changes in Stockholders’ Deficit

The following tables present certain information regarding our stockholders’ deficit as of September 30, 2021 and September 30, 2020:


	Nine Months Ended September 30, 2021
	Common Stock		Additional Paid in Capital		Accumulated Loss		Treasury Stock		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total
January 1, 2021	$	1	$	1,268	$	(3,529)	$	(175)	$	(218)	$	129	$	(2,524)
Vesting of RSUs, net of tax withholdings and other	—		(13)		—		—		—		—		(13)
Stock-based compensation	—		17		—		—		—		—		17
Net loss	—		—		(15)		—		—		6		(9)
Other comprehensive gain	—		—		—		—		8		—		8
March 31, 2021	$	1	$	1,272	$	(3,544)	$	(175)	$	(210)	$	135	$	(2,521)
Vesting of RSUs, net of tax withholdings and other	—		(4)		—		—		—		—		(4)
Stock-based compensation	—		31		—		—		—		—		31
Net income	—		—		109		—		—		4		113
Other comprehensive gain	—		—		—		—		11		—		11
June 30, 2021	$	1	$	1,299	$	(3,435)	$	(175)	$	(199)	$	139	$	(2,370)
Vesting of RSUs, net of tax withholdings and other	—		(3)		—		—		—		—		(3)
Stock-based compensation	—		22		—		—		—		—		22
Net income	—		—		182		—		—		5		187
Other comprehensive loss	—		—		—		—		(27)		—		(27)
September 30, 2021	$	1	$	1,318	$	(3,253)	$	(175)	$	(226)	$	144	$	(2,191)


	Nine Months Ended September 30, 2020
	Common Stock		Additional Paid in Capital		Accumulated Loss		Treasury Stock		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total
January 1, 2020	$	1	$	1,208	$	(2,954)	$	(175)	$	(292)	$	104	$	(2,108)
Vesting of RSUs, net of tax withholdings and other	—		(1)		—		—		—		—		(1)
Stock-based compensation	—		9		—		—		—		—		9
Net loss	—		—		(159)		—		—		4		(155)
Other comprehensive loss	—		—		—		—		(97)		—		(97)
Impact of ASC 326 adoption	—		—		(6)		—		—		—		(6)
March 31, 2020	$	1	$	1,216	$	(3,119)	$	(175)	$	(389)	$	108	$	(2,358)
Vesting of RSUs, net of tax withholdings and other	—		1		—		—		—		—		1

Stock-based compensation	—		13		—		—		—		1		14
Net loss	—		—		(203)		—		—		5		(198)
Other comprehensive gain	—		—		—		—		62		—		62
June 30, 2020	$	1	$	1,230	$	(3,322)	$	(175)	$	(327)	$	114	$	(2,479)

Stock-based compensation	—		16		—		—		—		1		17
Net loss	—		—		(117)		—		—		6		(111)
Other comprehensive gain	—		—		—		—		32		—		32
September 30, 2020	$	1	$	1,246	$	(3,439)	$	(175)	$	(295)	$	121	$	(2,541)

Stock Based Compensation

The following reflects total stock-based compensation expense recognized under all programs in our continuing operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Related to SGC stock options	$	3	$	1	$	25	$	3
Related to SGC RSUs	23		5		51		20
Related to SciPlay RSUs	—		10		5		15
Total(1)	$	26	$	16	$	81	$	38

(1) The increase in SGC stock based compensation expense for both 2021 periods is related to the acceleration of the expense as a result of attainment of certain targets for grants to consultants who are also on our board coupled with the new equity awards issued at a higher fair value given the increase in our stock price compared to the prior period.

Restricted Stock Units

A summary of the changes in RSUs outstanding under our equity-based compensation plans during the nine months ended September 30, 2021 is presented below:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Unvested RSUs as of December 31, 2020	3.3	$	19.07
Granted	1.2	$	55.01
Vested	1.4	$	25.00
Cancelled	0.1	$	18.60
Unvested RSUs as of September 30, 2021	6.0	$	30.77

The weighted-average grant date fair value of RSUs granted during the nine months ended September 30, 2021 and 2020 was $55.01 and $10.96, respectively. The fair value of each RSU grant is based on the market value of our common stock at the time of grant. At September 30, 2021, we had $67 million in total unrecognized stock-based compensation expense

relating to unvested RSUs that will be amortized over a weighted-average period of approximately two years, of which $14 million related to employees of discontinued operations. The fair value at vesting date of RSUs vested during the nine months ended September 30, 2021 and 2020 was $74.1 million and $15.5 million, respectively.