Light & Wonder Q2 2020 Earnings Report
Key Takeaways
Scientific Games reported a decrease in revenue due to COVID-19 disruptions, particularly affecting Gaming and Lottery segments. SciPlay and Digital businesses experienced growth. The company exceeded cash flow expectations through cost containment and cash management. Available liquidity at quarter-end was $943 million, which increased by approximately $200 million subsequent to quarter-end.
Second quarter revenue was $539 million.
Net loss was $198 million, compared to $75 million in the prior year period.
Net cash provided by operating activities was $52 million compared to $95 million in the year ago period.
Available liquidity, including SciPlay, at quarter-end was $943 million.
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Light & Wonder Revenue by Segment
Forward Guidance
The Company continues to anticipate that capital expenditures will be in the range of $210 million - $240 million for full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income