Light & Wonder Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	246	276	336	163	3,675	371
Depreciation & Amortization	272	259	212	189	350	317
Other Amortization	151	147	149	199	70	81
Asset Writedown & Restructuring Costs	-	-	-	-4	-	-
Stock-Based Compensation	121	121	110	118	69	113
Provision & Write-off of Bad Debts	4	4	14	12	-	7
Other Operating Activities	36	49	-113	-5	-3,726	-728
Change in Accounts Receivable	-62	-62	-148	-68	-35	19
Change in Inventory	-19	-19	2	-29	-65	9
Change in Accounts Payable	40	40	59	65	-74	91
Change in Income Taxes	-7	-7	25	-40	-649	7
Change in Other Net Operating Assets	-34	-14	-14	-10	-40	17
Operating Cash Flow	748	794	632	590	-381	685
Operating Cash Flow Growth	15.79%	25.63%	7.12%	-	-	45.43%
Capital Expenditures	-323	-310	-294	-242	-216	-171
Cash Acquisitions	-861	-861	-5	-4	-136	-186
Investment in Securities	-	-	-	-	50	10
Other Investing Activities	2	-	41	-5	6,418	-95
Investing Cash Flow	-1,182	-1,171	-258	-251	6,116	-442
Short-Term Debt Issued	-	760	-	205	280	-
Long-Term Debt Issued	-	1,800	-	550	2,200	60
Total Debt Issued	2,605	2,560	-	755	2,480	60
Short-Term Debt Repaid	-	-530	-	-205	-280	-
Long-Term Debt Repaid	-	-732	-11	-584	-7,093	-637
Total Debt Repaid	-1,367	-1,262	-11	-789	-7,373	-637
Net Debt Issued (Repaid)	1,238	1,298	-11	-34	-4,893	-577
Repurchase of Common Stock	-769	-919	-512	-701	-481	-27
Other Financing Activities	-56	-58	-54	-53	-89	-75
Financing Cash Flow	413	321	-577	-788	-5,463	-679
Foreign Exchange Rate Adjustments	7	10	-6	3	-6	-6
Net Cash Flow	-14	-46	-209	-446	266	-442
Free Cash Flow	425	484	338	348	-597	514
Free Cash Flow Growth	19.05%	43.20%	-2.87%	-	-	53.89%
Free Cash Flow Margin	12.76%	14.61%	10.60%	11.99%	-23.77%	23.87%
Free Cash Flow Per Share	5.12	5.69	3.71	3.74	-6.28	5.25
Cash Interest Paid	303	289	286	306	351	453
Cash Income Tax Paid	109	118	164	147	692	38
Levered Free Cash Flow	460.63	491.5	410.13	417	367.5	459.38
Unlevered Free Cash Flow	665	687.75	593.25	610.13	571.88	758.13
Change in Working Capital	-82	-62	-76	-82	-863	143

Source: S&P Global Market Intelligence. Standard template. Financial Sources.