Light & Wonder, Inc. (LNW) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 184M | 106M | 185M | 202M | 118M | 141M | 171M | 167M | 204M | 34M | 185M | -87M | -351M | -37M | 94M | 226M | 187M | 149M | 123M | 159M |
| Operating CF Margin % | 21.88% | 13.1% | 23.9% | 25.35% | 14.44% | 17.24% | 22.62% | 21.66% | 27.91% | 4.65% | 27.61% | -12.76% | -54.17% | -6.07% | 16.43% | 38.9% | 34.69% | 25.65% | 27.15% | 20.87% |
| Operating CF Growth % | 55.93% | -24.82% | 8.19% | 20.96% | -42.16% | 314.71% | -7.57% | 291.95% | 158.12% | 191.89% | 96.81% | -138.5% | -287.7% | -124.83% | -23.58% | 42.14% | 42.75% | 186.54% | 2.5% | 11.19% |
| Net Income | 114M | 95M | 82M | 108M | 64M | 82M | 82M | 67M | 80M | -1M | 22M | 30M | 335M | 3.29B | 28M | 95M | 182M | 109M | -15M | -84M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 91M | 0 | 86M | 86M | 90M | 103M | 101M | 103M | 0 | 0 | 0 | 109M | 96M | 96M | 97M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 29M | -8M | 22M | 33M | 31M | 28M | 26M | 22M | 0 | 0 | 0 | 32M | 26M | 36M | 19M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40M | -8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 185M | 118M | 107M | 60M | -5M | 121M | -25M | -52M | 3M | 33M | 4M | -743M | -188M | -3.26B | 134M | -4M | -168M | -75M | 5M | 194M |
| Working Capital Changes | -115M | -107M | -4M | 33M | -61M | -54M | 6M | -1M | 8M | -129M | 32M | 501M | -498M | -71M | -68M | -6M | 51M | -17M | 17M | 49M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68M | 0 | 0 | 0 | -35M | 0 | 0 | 0 | 19M | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29M | 0 | 0 | 0 | -65M | 0 | 0 | 0 | 9M | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -79M | -938M | -62M | -29M | -71M | -87M | -71M | -557M | -72M | -61M | -57M | -28M | 685M | 5.63B | -176M | -236M | -108M | -37M | -61M | -39M |
| Capital Expenditures | -79M | -78M | -61M | -70M | -71M | -87M | -66M | -60M | -70M | -59M | -53M | -58M | -58M | -57M | -43M | -53M | -43M | -40M | -35M | -48M |
| CapEx % of Revenue | 9.39% | 9.64% | 7.88% | 8.78% | 8.69% | 10.64% | 8.73% | 7.78% | 9.58% | 8.07% | 7.91% | 8.5% | 8.95% | 9.34% | 7.52% | 9.12% | 7.98% | 6.88% | 7.73% | 6.3% |
| Acquisitions | 0 | 0 | 0 | -5M | 0 | 0 | 0 | -496M | -2M | 0 | 0 | -18M | -2M | -8M | -108M | -146M | -40M | 0 | 0 | -6M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -860M | -1M | 46M | 0 | 0 | -5M | 2M | 0 | -2M | -4M | 48M | 743M | 5.7B | -25M | -37M | -25M | 3M | -26M | 15M |
| Cash from Financing | -48M | 831M | -171M | -262M | -65M | -185M | -65M | -41M | -146M | -40M | -65M | -250M | -24M | -5.24B | 52M | -187M | -168M | -185M | -139M | -124M |
| Debt Issued (Net) | 95M | 949M | 35M | -6M | 0 | -5M | 0 | -5M | -18M | -5M | -6M | -6M | -5M | -5.03B | 150M | -205M | -161M | -161M | -110M | -111M |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -110M | -104M | -166M | -243M | -55M | -150M | -58M | -25M | -112M | -20M | -47M | -243M | -11M | -159M | -51M | -5M | -1M | -8M | -13M | 0 |
| Other Financing | -33M | -14M | -40M | -13M | -10M | -30M | -7M | -507M | -16M | -15M | -12M | -1M | -8M | -50M | -47M | 23M | -6M | -16M | -16M | -13M |
| Net Change in Cash | 58M | 4M | -45M | -95M | -15M | -131M | 32M | -426M | -17M | -66M | 63M | -359M | 304M | 352M | -31M | -200M | -92M | -72M | -78M | 2M |
| Free Cash Flow | 105M | 28M | 124M | 132M | 47M | 54M | 105M | 107M | 134M | -25M | 132M | -145M | -409M | -94M | 51M | 173M | 144M | 109M | 88M | 111M |
| FCF Margin % | 12.49% | 3.46% | 16.02% | 16.56% | 5.75% | 6.6% | 13.89% | 13.88% | 18.33% | -3.42% | 19.7% | -21.26% | -63.12% | -15.41% | 8.92% | 29.78% | 26.72% | 18.76% | 19.43% | 14.57% |
| FCF Growth % | 123.4% | -48.15% | 18.1% | 23.36% | -64.93% | 316% | -20.45% | 173.79% | 132.76% | 73.4% | 158.82% | -183.81% | -384.03% | -186.24% | -42.05% | 55.86% | 17.07% | 738.46% | 31.34% | 70.77% |
| FCF per Share | 1.24 | 0.33 | 1.43 | 1.47 | 0.52 | 0.59 | 1.14 | 1.16 | 1.46 | -0.27 | 1.42 | -1.53 | -4.26 | -0.99 | 0.53 | 1.73 | 1.45 | 1.14 | 0.93 | 1.17 |
| FCF Conversion (FCF/Net Income) | 1.61x | 1.12x | 2.26x | 1.87x | 1.84x | 1.72x | 2.09x | 2.49x | 2.72x | -34.00x | 8.41x | -2.90x | -1.07x | -0.01x | 3.62x | 2.38x | 1.03x | 1.37x | -8.20x | -1.77x |
| Interest Paid | 89M | 83M | 54M | -146M | 62M | 83M | 63M | 85M | 74M | 84M | 63M | 80M | 52M | 102M | 117M | 104M | 120M | 106M | 123M | 136M |
| Taxes Paid | 23M | 47M | 24M | 46M | 0 | 62M | 0 | 28M | 23M | 0 | 0 | 0 | 474M | 14M | 9M | 0 | 0 | 0 | 0 | 4M |