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Business Segments | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segments | We report our operations in three business segments—Gaming, SciPlay and iGaming—representing our different products and services. Our Gaming business segment generally sells game content and gaming machines, VGTs, VLTs (including conversion kits and parts), leases or otherwise provides gaming content, gaming machines, and server-based systems. It also sells and supports CMS-based software and hardware, licenses PTG content, and supplies Shufflers to commercial, tribal and governmental gaming operators. Our SciPlay business segment develops, markets, and operates a portfolio of social games played on various mobile and web platforms as well as other games in the hyper-casual space. Our iGaming business segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services. See Note 4 for the products and services from which each reportable segment derives its revenues. In evaluating financial performance, our Chief Operating Decision Maker (“CODM”) focuses on AEBITDA as management’s primary segment measure of profit or loss, which is described in footnote (2) to the below table. The accounting policies for our business segments are the same as those described in these Notes. The following tables present our segment information:
| Year Ended December 31, 2022
| Gaming |  | SciPlay |  | iGaming |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 1,601 |  |  | $ | 671 |  |  | $ | 240 |  |  | $ | — |  |  | $ | 2,512 |
AEBITDA(2) | 767 |  |  | 187 |  |  | 80 |  |  | (121) |  |  | $ | 913 |
Reconciling items to consolidated Net loss from continuing operations before income taxes:
D&A | (327) |  |  | (21) |  |  | (48) |  |  | (24) |  |  | (420) |
Restructuring and other | (6) |  |  | (5) |  |  | (23) |  |  | (112) |  |  | (146) |
Interest expense |  |  |  |  |  |  | (327) |  |  | (327) |
Loss on debt refinancing transactions |  |  |  |  |  |  | (147) |  |  | (147) |
Gain on remeasurement of debt and other |  |  |  |  |  |  | 27 |  |  | 27 |
Other income, net |  |  |  |  |  |  | 6 |  |  | 6 |
Stock-based compensation |  |  |  |  |  |  | (69) |  |  | (69) |
Net loss from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | (163) |
Assets as of December 31, 2022 | $ | 4,073 |  |  | $ | 761 |  |  | $ | 626 |  |  | $ | 549 |  |  | $ | 6,009 |
Capital expenditures for the year ended December 31, 2022 | $ | 151 |  |  | $ | 12 |  |  | $ | 32 |  |  | $ | 21 |  |  | $ | 216 |
(1) Includes amounts not allocated to the business segments (including corporate costs) and items to reconcile the total business segments AEBITDA to our consolidated net loss from continuing operations before income taxes.
(2) AEBITDA is reconciled to net income (loss) from continuing operations before income taxes with the following adjustments: (1) depreciation and amortization expense and impairment charges (including goodwill impairments); (2) restructuring and other, which includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition- and disposition-related costs and other unusual items; (3) interest expense; (4) loss on debt refinancing transactions; (5) change in fair value of investments and remeasurement of debt and other; (6) other income (expense), net, including foreign currency gains (losses) and earnings (loss) from equity investments; and (7) stock-based compensation. AEBITDA is presented as our primary segment measure of profit or loss.
| Year Ended December 31, 2021
| Gaming |  | SciPlay |  | iGaming |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 1,321 |  |  | $ | 606 |  |  | $ | 226 |  |  | $ | — |  |  | $ | 2,153 |
AEBITDA(2) | 659 |  |  | 186 |  |  | 75 |  |  | (127) |  |  | $ | 793 |
Reconciling items to consolidated Net loss from continuing operations before income taxes:
D&A | (303) |  |  | (15) |  |  | (54) |  |  | (26) |  |  | (398) |
Restructuring and other | (9) |  |  | (32) |  |  | (1) |  |  | (125) |  |  | (167) |
Interest expense |  |  |  |  |  |  | (478) |  |  | (478) |
Gain on remeasurement of debt |  |  |  |  |  |  | 41 |  |  | 41 |
Other income, net |  |  |  |  |  |  | 28 |  |  | 28 |
Stock-based compensation |  |  |  |  |  |  | (113) |  |  | (113) |
Net loss from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | (294) |
Assets as of December 31, 2021 | $ | 4,112 |  |  | $ | 696 |  |  | $ | 633 |  |  | $ | 468 |  |  | $ | 5,909 |
Capital expenditures for the year ended December 31, 2021 | $ | 123 |  |  | $ | 9 |  |  | $ | 23 |  |  | $ | 16 |  |  | $ | 171 |
(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 from continuing operations before income taxes.
(2) AEBITDA is described in footnote (2) to the first table in this Note 3.
| Year Ended December 31, 2020
| Gaming |  | SciPlay |  | iGaming |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 926 |  |  | $ | 582 |  |  | $ | 191 |  |  | $ | — |  |  | $ | 1,699 |
AEBITDA(2) | 240 |  |  | 189 |  |  | 58 |  |  | (113) |  |  | $ | 374 |
Reconciling items to consolidated Net loss from continuing operations before income taxes:
D&A | (348) |  |  | (10) |  |  | (48) |  |  | (43) |  |  | (449) |
Goodwill impairment | (54) |  |  | — |  |  | — |  |  | — |  |  | (54) |
Restructuring and other | (30) |  |  | (2) |  |  | (4) |  |  | (20) |  |  | (56) |
Interest expense |  |  |  |  |  |  | (503) |  |  | (503) |
Loss on debt financing transactions |  |  |  |  |  |  | (1) |  |  | (1) |
Loss on remeasurement of debt |  |  |  |  |  |  | (51) |  |  | (51) |
Other expense, net |  |  |  |  |  |  | (8) |  |  | (8) |
Stock-based compensation |  |  |  |  |  |  | (56) |  |  | (56) |
Net loss from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | (804) |
Capital expenditures for the year ended December 31, 2020 | $ | 102 |  |  | $ | 7 |  |  | $ | 14 |  |  | $ | 14 |  |  | $ | 137 |
(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 from continuing operations before income taxes.
(2) AEBITDA is described in footnote (2) to the first table in this Note 3.
The following tables present revenue by customer location and property and equipment by geographic location:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Revenue: |  |  |  |  |  |
U.S. |  | $ | 1,734 |  |  | $ | 1,551 |  |  | $ | 1,181 |
Other |  | 778 |  |  | 602 |  |  | 518 |
Total |  | $ | 2,512 |  |  | $ | 2,153 |  |  | $ | 1,699 |
|  | As of December 31,
|  | 2022 |  | 2021
Property and equipment, net: |  |  |  |
U.S. |  | $ | 163 |  |  | $ | 147 |
Other |  | 41 |  |  | 66 |
Total |  | $ | 204 |  |  | $ | 213 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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