XML 37 R12.htm IDEA: XBRL DOCUMENT v3.22.2
Business Segments
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Business Segments
We report our operations in three business segments—Gaming, SciPlay and iGaming—representing our different products and services. A detailed discussion regarding the products and services from which each reportable business segment derives its revenue is included in Notes 3 and 4 in our 2021 10-K.
In evaluating financial performance, our Chief Operating Decision Maker 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 of our business segments are the same as those described within the Notes in our 2021 10-K. The following tables present our segment information:
Three Months Ended June 30, 2022
GamingSciPlayiGaming
Unallocated and Reconciling Items(1)
Total
Total revenue
$390 $160 $60 $— $610 
AEBITDA(2)
179 41 21 (29)$212 
Reconciling items to Net loss from continuing operations before income taxes:
D&A
(82)(6)(13)(6)(107)
Restructuring and other
(1)(1)(14)(26)(42)
Interest expense
(70)(70)
Loss on debt refinancing transactions(147)(147)
Gain on remeasurement of debt and other20 20 
Other income, net
2 2 
Stock-based compensation
(17)(17)
Net loss from continuing operations before income taxes
$(149)
(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 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 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, net, including foreign currency (gains) losses and earnings from equity investments; and (7) stock-based compensation. AEBITDA is presented as our primary segment measure of profit or loss.
Three Months Ended June 30, 2021
GamingSciPlayiGaming
Unallocated and Reconciling Items(1)
Total
Total revenue
$367 $154 $60 $— $581 
AEBITDA(2)
194 48 20 (30)$232 
Reconciling items to Net loss from continuing operations before income taxes:
D&A
(72)(4)(13)(7)(96)
Restructuring and other
(3)(1)1 (27)(30)
Interest expense
(119)(119)
Loss on remeasurement of debt and other(7)(7)
Other income, net
11 11 
Stock-based compensation(36)(36)
Net loss from continuing operations before income taxes
$(45)
(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 described in footnote (2) to the first table in this Note 4.
Six Months Ended June 30, 2022
GamingSciPlayiGaming
Unallocated and Reconciling Items(1)
Total
Total revenue
$745 $318 $120 $— $1,183 
AEBITDA(2)
350 85 41 (62)$414 
Reconciling items to Net loss from continuing operations before income taxes:
D&A
(165)(10)(27)(13)(215)
Restructuring and other
(4)(3)(14)(57)(78)
Interest expense
(186)(186)
Loss on debt refinancing transactions(147)(147)
Gain on remeasurement of debt and other27 27 
Other income, net
4 4 
Stock-based compensation
(32)(32)
Net loss from continuing operations before income taxes
$(213)
(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 income from continuing operations before income taxes.
(2) AEBITDA is described in footnote (2) to the first table in this Note 4.
Six Months Ended June 30, 2021
GamingSciPlayiGaming
Unallocated and Reconciling Items(1)
Total
Total revenue
$611 $305 $118 $— $1,034 
AEBITDA(2)
301 94 41 (62)$374 
Reconciling items to Net loss from continuing operations before income taxes:
D&A
(147)(7)(25)(14)(193)
Restructuring and other
(6)(1)— (44)(51)
Interest expense
(240)(240)
Gain on remeasurement of debt and other18 18 
Other income, net
17 17 
Stock-based compensation(55)(55)
Net loss from continuing operations before income taxes
$(130)
(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 described in footnote (2) to the first table in this Note 4.