Light & Wonder, Inc. (LNW) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 1.32B | 1.24B | 1.18B | 1.18B | 1.28B | 1.29B | 1.34B | 1.31B | 1.72B | 1.74B | 1.76B | 1.69B | 2.05B | 1.75B | 1.76B | 1.73B | 1.92B | 2.02B | 2.11B | 2.18B |
| Cash & Short-Term Investments | 324M | 136M | 134M | 196M | 347M | 321M | 450M | 425M | 891M | 909M | 931M | 914M | 1.28B | 928M | 496M | 585M | 782M | 932M | 967M | 928M |
| Cash Only | 324M | 136M | 134M | 196M | 347M | 321M | 450M | 425M | 891M | 909M | 931M | 914M | 1.28B | 928M | 496M | 585M | 782M | 932M | 967M | 928M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 707M | 643M | 629M | 585M | 580M | 575M | 504M | 506M | 477M | 499M | 458M | 455M | 426M | 415M | 431M | 423M | 415M | 636M | 621M | 438M |
| Days Sales Outstanding | 306.84 | 290.11 | 296.62 | 267.91 | 259.12 | 256.57 | 243.33 | 239.55 | 238.17 | 249.16 | 249.51 | 243.51 | 239.95 | 248.32 | 275.03 | 265.74 | 281.03 | 399.55 | 500.36 | 209.8 |
| Inventory | 175M | 187M | 169M | 158M | 183M | 186M | 175M | 177M | 183M | 183M | 172M | 161M | 137M | 129M | 113M | 98M | 105M | 184M | 191M | 119M |
| Days Inventory Outstanding | 294.35 | 311.67 | 292.35 | 249.65 | 271.52 | 287.67 | 291.67 | 276.09 | 306.4 | 306.4 | 310.79 | 288.06 | 259.09 | 261.58 | 257.78 | 210.41 | 250.49 | 422.39 | 548.94 | 135.73 |
| Other Current Assets | 116M | 271M | 252M | 244M | 169M | 207M | 211M | 203M | 169M | 144M | 201M | 164M | 42M | 150M | 606M | 538M | 514M | 51M | 88M | 598M |
| Total Non-Current Assets | 5.19B | 5.25B | 4.27B | 4.24B | 4.32B | 4.25B | 4.25B | 4.24B | 4.17B | 4.23B | 4.26B | 4.32B | 4.2B | 4.73B | 6.2B | 6.15B | 5.93B | 5.75B | 5.75B | 5.8B |
| Property, Plant & Equipment | 396M | 395M | 333M | 330M | 328M | 314M | 294M | 288M | 272M | 257M | 261M | 253M | 253M | 256M | 247M | 264M | 264M | 483M | 501M | 294M |
| Fixed Asset Turnover | 2.12x | 2.05x | 2.32x | 2.42x | 2.49x | 2.61x | 2.57x | 2.68x | 2.69x | 2.84x | 2.57x | 2.70x | 2.56x | 2.38x | 2.32x | 2.20x | 2.04x | 1.20x | 0.90x | 2.59x |
| Goodwill | 3.36B | 3.35B | 2.92B | 2.89B | 2.95B | 2.92B | 2.92B | 2.94B | 2.9B | 2.93B | 2.92B | 2.92B | 2.87B | 2.93B | 2.98B | 2.89B | 2.75B | 3.36B | 3.29B | 2.73B |
| Intangible Assets | 1.03B | 1.06B | 595M | 615M | 662M | 691M | 728M | 763M | 789M | 835M | 884M | 942M | 897M | 958M | 998M | 1.06B | 1.1B | 1.43B | 1.46B | 1.23B |
| Long-Term Investments | 99M | 107M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 252M | 265M | 262M |
| Other Non-Current Assets | 64M | 66M | 168M | 174M | 158M | 139M | 135M | 103M | 91M | 93M | 81M | 87M | 91M | 494M | 1.63B | 1.58B | 1.81B | 222M | 232M | 1.18B |
| Total Assets | 6.51B | 6.49B | 5.46B | 5.42B | 5.6B | 5.54B | 5.59B | 5.55B | 5.89B | 5.96B | 6.02B | 6.01B | 6.25B | 6.48B | 7.95B | 7.88B | 7.85B | 7.76B | 7.86B | 7.98B |
| Asset Turnover | 0.13x | 0.12x | 0.14x | 0.15x | 0.15x | 0.15x | 0.14x | 0.14x | 0.12x | 0.12x | 0.11x | 0.11x | 0.10x | 0.09x | 0.07x | 0.07x | 0.07x | 0.07x | 0.06x | 0.10x |
| Asset Growth % | 16.32% | 17.19% | -2.38% | -2.36% | -4.94% | -7.11% | -7.21% | -7.61% | -5.75% | -8.01% | -24.27% | -23.77% | -20.43% | -16.5% | 1.22% | -1.26% | -3.11% | -1.05% | 5.34% | 2.24% |
| Total Current Liabilities | 621M | 697M | 753M | 735M | 680M | 696M | 677M | 696M | 619M | 577M | 642M | 622M | 802M | 1.25B | 927M | 974M | 844M | 780M | 868M | 832M |
| Accounts Payable | 162M | 248M | 244M | 216M | 200M | 277M | 211M | 241M | 162M | 171M | 189M | 154M | 176M | 164M | 198M | 204M | 167M | 178M | 280M | 150M |
| Days Payables Outstanding | 272.49 | 413.33 | 422.09 | 341.3 | 296.75 | 428.41 | 351.67 | 375.92 | 271.24 | 286.31 | 341.51 | 275.54 | 332.85 | 332.56 | 451.69 | 438 | 398.4 | 408.62 | 804.72 | 171.09 |
| Short-Term Debt | 69M | 38M | 23M | 23M | 23M | 22M | 22M | 22M | 22M | 23M | 23M | 24M | 24M | 24M | 44M | 44M | 44M | 44M | 44M | 44M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 21M | 0 | 0 | 0 | 25M | 0 | 0 | 0 | 32M | 0 | 0 | 0 | 31M | 0 | 0 | 0 | 28M |
| Other Current Liabilities | 354M | 0 | 0 | 140M | 0 | 0 | 0 | 139M | 0 | 0 | 0 | 113M | 0 | 26M | 300M | 404M | 251M | 0 | 0 | 365M |
| Current Ratio | 2.13x | 1.77x | 1.57x | 1.61x | 1.88x | 1.85x | 1.98x | 1.88x | 2.78x | 3.01x | 2.74x | 2.72x | 2.55x | 1.39x | 1.89x | 1.78x | 2.28x | 2.59x | 2.43x | 2.62x |
| Quick Ratio | 1.85x | 1.51x | 1.35x | 1.39x | 1.61x | 1.58x | 1.72x | 1.63x | 2.48x | 2.69x | 2.48x | 2.46x | 2.38x | 1.29x | 1.77x | 1.68x | 2.15x | 2.35x | 2.21x | 2.48x |
| Cash Conversion Cycle | 328.71 | 188.44 | 166.88 | 176.27 | 233.9 | 115.83 | 183.33 | 139.72 | 273.33 | 269.25 | 218.79 | 256.04 | 166.2 | 177.35 | 81.12 | 38.15 | 133.12 | 413.33 | 244.58 | 174.44 |
| Total Non-Current Liabilities | 5.17B | 5.09B | 4.08B | 4.05B | 4.06B | 4.06B | 4.08B | 4.09B | 4.12B | 4.16B | 4.2B | 4.23B | 4.21B | 4.26B | 9.16B | 9.02B | 9.2B | 9.35B | 9.51B | 9.68B |
| Long-Term Debt | 4.89B | 4.82B | 3.88B | 3.85B | 3.85B | 3.85B | 3.85B | 3.85B | 3.85B | 3.86B | 3.87B | 3.87B | 3.87B | 3.88B | 8.79B | 8.65B | 8.8B | 8.97B | 9.12B | 9.26B |
| Capital Lease Obligations | 32M | 30M | 29M | 31M | 33M | 31M | 34M | 39M | 30M | 31M | 35M | 37M | 39M | 40M | 40M | 40M | 36M | 73M | 78M | 43M |
| Deferred Tax Liabilities | 13M | 13M | 12M | 12M | 20M | 19M | 20M | 20M | 43M | 51M | 71M | 87M | 143M | 143M | 42M | 35M | 41M | 88M | 80M | 46M |
| Other Non-Current Liabilities | 227M | 230M | 157M | 160M | 155M | 157M | 170M | 180M | 194M | 210M | 223M | 232M | 156M | 200M | 291M | 294M | 318M | 216M | 229M | 328M |
| Total Liabilities | 5.79B | 5.79B | 4.83B | 4.79B | 4.74B | 4.75B | 4.75B | 4.79B | 4.74B | 4.73B | 4.84B | 4.85B | 5.01B | 5.51B | 10.09B | 9.99B | 10.04B | 10.13B | 10.38B | 10.51B |
| Total Debt | 4.99B | 4.89B | 3.94B | 3.92B | 3.91B | 3.9B | 3.91B | 3.93B | 3.91B | 3.92B | 3.92B | 3.95B | 3.94B | 3.94B | 8.87B | 8.75B | 8.88B | 9.09B | 9.24B | 9.36B |
| Net Debt | 4.67B | 4.75B | 3.8B | 3.72B | 3.56B | 3.58B | 3.46B | 3.51B | 3.02B | 3.01B | 2.99B | 3.03B | 2.66B | 3.01B | 8.38B | 8.16B | 8.1B | 8.16B | 8.28B | 8.43B |
| Debt / Equity | 6.91x | 6.96x | 6.35x | 6.16x | 4.55x | 4.96x | 4.68x | 5.14x | 3.41x | 3.18x | 3.32x | 3.40x | 3.20x | 4.08x | - | - | - | - | - | - |
| Debt / EBITDA | 14.82x | 16.23x | 15.08x | 14.78x | 15.69x | 14.89x | 15.57x | 16.25x | 16.49x | 17.72x | 19.33x | 19.64x | 20.61x | 25.76x | 59.95x | 77.40x | 68.32x | 55.44x | 91.52x | 46.35x |
| Net Debt / EBITDA | 13.86x | 15.78x | 14.57x | 14.04x | 14.29x | 13.67x | 13.78x | 14.49x | 12.73x | 13.61x | 14.75x | 15.09x | 13.93x | 19.70x | 56.60x | 72.22x | 62.31x | 49.76x | 81.95x | 41.75x |
| Interest Coverage | 2.73x | 2.62x | 2.50x | 2.40x | 2.18x | 2.33x | 2.20x | 1.90x | 1.88x | 1.45x | 1.36x | 1.34x | 1.31x | 0.66x | 0.34x | 0.03x | 0.28x | 0.57x | 0.03x | 0.50x |
| Total Equity | 723M | 702M | 620M | 636M | 858M | 786M | 835M | 765M | 1.15B | 1.23B | 1.18B | 1.16B | 1.23B | 966M | -2.14B | -2.11B | -2.19B | -2.37B | -2.52B | -2.52B |
| Equity Growth % | -15.73% | -10.69% | -25.75% | -16.86% | -25.13% | -36.1% | -29.48% | -34.11% | -6.98% | 27.33% | 155.4% | 155.13% | 156.23% | 140.76% | 15.23% | 16.56% | 13.77% | 4.4% | -6.91% | -19.73% |
| Book Value per Share | 8.51 | 8.16 | 7.13 | 7.07 | 9.43 | 8.54 | 9.08 | 8.32 | 12.46 | 13.52 | 12.73 | 12.22 | 12.83 | 10.17 | -22.03 | -21.06 | -22.13 | -24.69 | -26.54 | -26.57 |
| Total Shareholders' Equity | 723M | 702M | 620M | 636M | 858M | 786M | 835M | 765M | 959M | 1.05B | 1.01B | 990M | 1.07B | 811M | -2.29B | -2.26B | -2.33B | -2.51B | -2.66B | -2.65B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 1.31B | 1.19B | 1.1B | 1.02B | 908M | 844M | 762M | 680M | 613M | 538M | 539M | 517M | 487M | 159M | -3.13B | -3.16B | -3.25B | -3.44B | -3.54B | -3.53B |
| Treasury Stock | -1.6B | -1.48B | -1.38B | -1.22B | -972M | -927M | -776M | -751M | -726M | -613M | -608M | -580M | -378M | -378M | -226M | -175M | -175M | -175M | -175M | -175M |
| Accumulated OCI | -244M | -250M | -322M | -365M | -261M | -307M | -306M | -283M | -331M | -265M | -312M | -318M | -415M | -346M | -298M | -261M | -226M | -199M | -210M | -218M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187M | 182M | 176M | 171M | 161M | 155M | 152M | 150M | 144M | 139M | 135M | 129M |