Thread regarding Scientific Games Corp. layoffs

SGMS Full Year 2019 Financial Highlights (https://www.scientificgames.com/investors/)

"Revenue increased $37 million to $3.4 billion compared to the prior year. Net loss was $118 million, an improvement of $234 million. The prior year included a $152 million charge related to resolving the Shuffle Tech legal matter. Consolidated AEBITDA, a non-GAAP financial measure defined below, increased to $1,334 million from $1,330 million in the prior year, driven by growth in our Lottery, SciPlay and Digital segments largely offset by Gaming. Net cash provided by operating activities increased $200 million to $546 million compared to the prior year, which included resolution of the Shuffle Tech legal matter. Free cash flow, a non-GAAP financial measure, increased by $483 million from the year ago period to $243 million. Net debt, a non-GAAP financial measure, was $8.6 billion ($8.9 billion in face value of debt outstanding less $313 million of cash and cash equivalents) at year end. Net debt leverage ratio, a non-GAAP financial measure, decreased to 6.4x on a $464 million decrease in net debt. In March and November 2019, we completed refinancings that lowered our cash interest costs and extended our debt maturities. In May 2019, SciPlay completed an IPO for an 18.0% minority interest in our Social gaming business, after giving effect to the underwriters' partial exercise of their over-allotment option on June 4, 2019. We received $312 million in net proceeds from the offering (net of $30 million used by SciPlay to pay the IPO fees and balance retained by SciPlay for general corporate purposes) which has enabled us to make substantial payments to reduce our debt. On November 20, 2019, we entered into an amendment to refinance the revolving credit facility under our credit agreement and provide for an aggregate of $650 million of revolving credit commitments through 2024."

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