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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Operating Information by Segment | The following tables present our segment information:
| Year Ended December 31, 2024
| Gaming |  | SciPlay |  | iGaming |  | Total Reportable Segments |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 2,068 |  |  | $ | 821 |  |  | $ | 299 |  |  | $ | 3,188 |  |  | $ | — |  |  | $ | 3,188 |
Cost of revenue(2) | (603) |  |  | (231) |  |  | (97) |  |  | (931) |  |  | — |  |  | (931) |
Payroll and related(3) | (321) |  |  | (102) |  |  | (70) |  |  | (493) |  |  | — |  |  | (493) |
Other segment reconciling items(4) | (117) |  |  | (216) |  |  | (34) |  |  | (367) |  |  | (153) |  |  | (520) |
AEBITDA(5) | 1,027 |  |  | 272 |  |  | 98 |  |  | 1,397 |  |  | (153) |  |  | 1,244 |
Reconciling items to net income from continuing operations before income taxes:
Restructuring and other | (2) |  |  | (1) |  |  | (4) |  |  | (7) |  |  | (87) |  |  | (94) |
D&A |  |  |  |  |  |  |  |  | (361) |  |  | (361) |
Interest expense |  |  |  |  |  |  |  |  | (293) |  |  | (293) |
Loss on debt refinancing transactions |  |  |  |  |  |  |  |  | (2) |  |  | (2) |
Other income, net |  |  |  |  |  |  |  |  | 37 |  |  | 37 |
Stock-based compensation |  |  |  |  |  |  |  |  | (110) |  |  | (110) |
Net income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 421 |
Assets as of December 31, 2024 | $ | 3,964 |  |  | $ | 444 |  |  | $ | 735 |  |  | $ | 5,143 |  |  | $ | 278 |  |  | $ | 5,421 |
Capital expenditures for the year ended December 31, 2024 | $ | 238 |  |  | $ | 18 |  |  | $ | 24 |  |  | $ | 280 |  |  | $ | 14 |  |  | $ | 294 |
(1) Includes amounts not allocated to the business segments (including corporate costs) and items to reconcile the total reportable business segments AEBITDA to our consolidated net income from continuing operations before income taxes.
(2) Excludes D&A.
(3) Excludes stock-based compensation.
(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance, and other operating expenses.
(5) 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 or 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, 2023
| Gaming |  | SciPlay |  | iGaming |  | Total Reportable Segments |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 1,850 |  |  | $ | 777 |  |  | $ | 275 |  |  | $ | 2,902 |  |  | $ | — |  |  | $ | 2,902 |
Cost of revenue(2) | (553) |  |  | (235) |  |  | (84) |  |  | (872) |  |  | — |  |  | (872) |
Payroll and related(3) | (274) |  |  | (98) |  |  | (63) |  |  | (435) |  |  | — |  |  | (435) |
Other segment reconciling items(4) | (105) |  |  | (201) |  |  | (33) |  |  | (339) |  |  | (138) |  |  | (477) |
AEBITDA(5) | 918 |  |  | 243 |  |  | 95 |  |  | 1,256 |  |  | (138) |  |  | 1,118 |
Reconciling items to net income from continuing operations before income taxes:
Restructuring and other | (11) |  |  | (10) |  |  | (25) |  |  | (46) |  |  | (46) |  |  | (92) |
D&A |  |  |  |  |  |  |  |  | (384) |  |  | (384) |
Interest expense |  |  |  |  |  |  |  |  | (309) |  |  | (309) |
Loss on debt financing transactions |  |  |  |  |  |  |  |  | (15) |  |  | (15) |
Other income, net |  |  |  |  |  |  |  |  | 5 |  |  | 5 |
Stock-based compensation |  |  |  |  |  |  |  |  | (118) |  |  | (118) |
Net income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 205 |
Assets as of December 31, 2023 | $ | 4,023 |  |  | $ | 473 |  |  | $ | 712 |  |  | $ | 5,208 |  |  | $ | 344 |  |  | $ | 5,552 |
Capital expenditures for the year ended December 31, 2023 | $ | 181 |  |  | $ | 18 |  |  | $ | 30 |  |  | $ | 229 |  |  | $ | 13 |  |  | $ | 242 |
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total reportable business segments AEBITDA to our consolidated net loss from continuing operations before income taxes.
(2) Excludes D&A.
(3) Excludes stock-based compensation.
(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance, and other operating expenses.
(5) AEBITDA is described in footnote (5) to the first table in this Note 2.
| Year Ended December 31, 2022
| Gaming |  | SciPlay |  | iGaming |  | Total Reportable Segments |  | Unallocated and Reconciling Items(1) |  | Total
Total revenue | $ | 1,601 |  |  | $ | 671 |  |  | $ | 240 |  |  | $ | 2,512 |  |  | $ | — |  |  | $ | 2,512 |
Cost of revenue(2) | (462) |  |  | (204) |  |  | (72) |  |  | (738) |  |  | — |  |  | (738) |
Payroll and related(3) | (273) |  |  | (80) |  |  | (60) |  |  | (413) |  |  | — |  |  | (413) |
Other segment reconciling items(4) | (99) |  |  | (200) |  |  | (28) |  |  | (327) |  |  | (121) |  |  | (448) |
AEBITDA(5) | 767 |  |  | 187 |  |  | 80 |  |  | 1,034 |  |  | (121) |  |  | 913 |
Reconciling items to consolidated net loss from continuing operations before income taxes:
Restructuring and other | (6) |  |  | (5) |  |  | (23) |  |  | (34) |  |  | (112) |  |  | (146) |
D&A |  |  |  |  |  |  |  |  | (420) |  |  | (420) |
Interest expense |  |  |  |  |  |  |  |  | (327) |  |  | (327) |
Loss on debt financing 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) |
Capital expenditures for the year ended December 31, 2022 | $ | 151 |  |  | $ | 12 |  |  | $ | 32 |  |  | $ | 195 |  |  | $ | 21 |  |  | $ | 216 |
(1) Includes amounts not allocated to the business segments (including corporate costs) and reconciling items to reconcile the total reportable business segments AEBITDA to our consolidated net loss from continuing operations before income taxes.
(2) Excludes D&A.
(3) Excludes stock-based compensation.
(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance, and other operating expenses.
(5) AEBITDA is described in footnote (5) to the first table in this Note 2.
Schedule of the Service and Sales Revenue by Customer Location and Long-Lived Assets by Geographic Segment | The following tables present revenue by customer location and property and equipment by geographic location:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Revenue: |  |  |  |  |  |
U.S. |  | $ | 2,087 |  |  | $ | 1,948 |  |  | $ | 1,734 |
Other |  | 1,101 |  |  | 954 |  |  | 778 |
Total |  | $ | 3,188 |  |  | $ | 2,902 |  |  | $ | 2,512 |
|  | As of December 31,
|  | 2024 |  | 2023
Property and equipment, net: |  |  |  |
U.S. |  | $ | 238 |  |  | $ | 196 |
Other |  | 48 |  |  | 40 |
Total |  | $ | 286 |  |  | $ | 236 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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