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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Cash flows from operating activities:      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 390 $ (548) $ (118)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (366) (253) (212)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities from continuing operations:      
Depreciation, amortization and impairments 398 449 542
Goodwill impairment 0 54 0
Change in deferred income taxes (342) (27) (60)
Stock-based compensation 113 56 32
Noncash Interest Expense 24 22 25
Inventory Write-down 7 107 15
(Gain) loss on sale of assets and other, net 22 0 (7)
Loss on debt financing transactions 0 1 100
(Gain) loss on remeasurement of debt (41) 51 (9)
Changes in assets and liabilities, net of effects of acquisitions:      
Receivables 19 137 (39)
Inventories 9 4 (21)
Other assets and liabilities 17 6 (11)
Accounts payable and accrued liabilities 98 (26) (42)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 304 33 209
Cash Provided by (Used in) Operating Activities, Discontinued Operations 381 438 337
Net cash provided by operating activities 685 471 546
Cash flows from investing activities:      
Payments to Acquire Other Productive Assets 171 137 224
Acquisitions of businesses and assets, net of cash acquired (186) (13) 0
Distributions of capital from equity investments 3 0 4
Proceeds from asset sales and other 7 24 0
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (347) (126) (220)
Cash Provided by (Used in) Investing Activities, Discontinued Operations (95) (47) (43)
Net cash used in investing activities (442) (173) (263)
Cash flows from financing activities:      
Borrowings under SGI revolving credit facility 60 530 270
Repayments under SGI revolving credit facility (595) (190) (400)
Proceeds from issuance of notes and term loans 0 550 2,300
Payments on long-term debt (42) (42) (44)
Repayments of notes and term loans (including redemption premium) 0 (341) (2,523)
Payments of debt issuance and deferred financing costs (5) (10) (35)
Payments on license obligations (46) (30) (39)
Proceeds From Sale Of Finance Receivables, Financing Activities 0 0 11
Net proceeds from the sale of SciPlay common stock 0 0 342
Payments of deferred SciPlay common stock offering costs 0 0 (9)
Net redemptions of common stock under stock-based compensation plans and other (27) 2 1
Net Cash Provided by (Used in) Financing Activities, Continuing Operations (655) 469 (126)
Cash Provided by (Used in) Financing Activities, Discontinued Operations (24) (6) (3)
Net cash (used in) provided by financing activities (679) 463 (129)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (6) 7 1
(Decrease) increase in cash, cash equivalents and restricted cash (442) 768 155
Cash, cash equivalents and restricted cash, beginning of period 1,143 375 220
Cash, cash equivalents and restricted cash, end of period 701 1,143 375
Less: Cash, cash equivalents and restricted cash of discontinued operations 66 160 50
Cash, cash equivalents and restricted cash of continuing operations, end of period 635 983 325
Supplemental cash flow information:      
Cash paid for interest 453 471 549
Income taxes paid 38 22 41
Payment for Contingent Consideration Liability, Operating Activities $ 0 $ 4 $ 26