2023 Q2 Form 10-Q Financial Statement

#000075000423000014 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $731.0M $670.0M
YoY Change 19.84% 17.13%
Cost Of Revenue $218.0M $202.0M
YoY Change 21.11% 26.25%
Gross Profit $513.0M $468.0M
YoY Change 19.3% 13.59%
Gross Profit Margin 70.18% 69.85%
Selling, General & Admin $203.0M $192.0M
YoY Change 13.41% 9.71%
% of Gross Profit 39.57% 41.03%
Research & Development $58.00M $54.00M
YoY Change 3.57% 1.89%
% of Gross Profit 11.31% 11.54%
Depreciation & Amortization $108.0M $101.0M
YoY Change 0.93% -6.48%
% of Gross Profit 21.05% 21.58%
Operating Expenses $369.0M $246.0M
YoY Change 7.89% 7.89%
Operating Profit $144.0M $102.0M
YoY Change 63.64% 155.0%
Interest Expense -$78.00M $75.00M
YoY Change 11.43% -164.66%
% of Operating Profit -54.17% 73.53%
Other Income/Expense, Net -$15.00M -$1.000M
YoY Change 50.0% -120.0%
Pretax Income $20.00M $26.00M
YoY Change -113.42% -140.63%
Income Tax $15.00M -$1.000M
% Of Pretax Income 75.0% -3.85%
Net Earnings -$1.000M $22.00M
YoY Change -100.03% -15.38%
Net Earnings / Revenue -0.14% 3.28%
Basic Earnings Per Share -$0.01 $0.24
Diluted Earnings Per Share -$0.01 $0.23
COMMON SHARES
Basic Shares Outstanding 91.12M shares 91.00M shares
Diluted Shares Outstanding 91.00M shares 93.00M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $909.0M $931.0M
YoY Change -2.05% 87.7%
Cash & Equivalents $909.0M $931.0M
Short-Term Investments
Other Short-Term Assets $121.0M $174.0M
YoY Change -51.6% -74.82%
Inventory $183.0M $172.0M
Prepaid Expenses
Receivables $522.0M $458.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.735B $1.762B
YoY Change -0.74% 0.34%
LONG-TERM ASSETS
Property, Plant & Equipment $257.0M $214.0M
YoY Change 0.39% 8.63%
Goodwill $2.930B $2.922B
YoY Change -1.88%
Intangibles $682.0M $743.0M
YoY Change -16.8%
Long-Term Investments
YoY Change
Other Assets $193.0M $61.00M
YoY Change 34.97% -29.07%
Total Long-Term Assets $4.227B $4.260B
YoY Change -10.69% -31.25%
TOTAL ASSETS
Total Short-Term Assets $1.735B $1.762B
Total Long-Term Assets $4.227B $4.260B
Total Assets $5.962B $6.022B
YoY Change -8.01% -24.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.0M $189.0M
YoY Change 4.27% -4.55%
Accrued Expenses $371.0M $362.0M
YoY Change 3.34% -5.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $23.00M
YoY Change -4.17% -47.73%
Total Short-Term Liabilities $577.0M $642.0M
YoY Change -53.99% -30.74%
LONG-TERM LIABILITIES
Long-Term Debt $3.863B $3.867B
YoY Change -0.39% -56.0%
Other Long-Term Liabilities $241.0M $223.0M
YoY Change 0.42% 43.87%
Total Long-Term Liabilities $4.104B $223.0M
YoY Change -0.34% 43.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $577.0M $642.0M
Total Long-Term Liabilities $4.104B $223.0M
Total Liabilities $4.914B $4.838B
YoY Change -13.33% -52.05%
SHAREHOLDERS EQUITY
Retained Earnings $538.0M $539.0M
YoY Change -117.21%
Common Stock $1.387B $1.388B
YoY Change 1.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $613.0M $608.0M
YoY Change 169.03%
Treasury Stock Shares 25.00M shares
Shareholders Equity $1.048B $1.008B
YoY Change
Total Liabilities & Shareholders Equity $5.962B $6.022B
YoY Change -8.01% -24.27%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$1.000M $22.00M
YoY Change -100.03% -15.38%
Depreciation, Depletion And Amortization $108.0M $101.0M
YoY Change 0.93% -6.48%
Cash From Operating Activities $34.00M $185.0M
YoY Change -191.89% 96.81%
INVESTING ACTIVITIES
Capital Expenditures $59.00M $53.00M
YoY Change -203.51% -223.26%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.000M $1.000M
YoY Change -100.04% -100.75%
Cash From Investing Activities -$61.00M -$57.00M
YoY Change -101.08% -67.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.00M -$65.00M
YoY Change -99.24% -225.0%
NET CHANGE
Cash From Operating Activities 34.00M $185.0M
Cash From Investing Activities -61.00M -$57.00M
Cash From Financing Activities -40.00M -$65.00M
Net Change In Cash -67.00M $63.00M
YoY Change -118.77% -303.23%
FREE CASH FLOW
Cash From Operating Activities $34.00M $185.0M
Capital Expenditures $59.00M $53.00M
Free Cash Flow -$25.00M $132.0M
YoY Change -225.0% -3.65%

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CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q1 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q1 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q1 us-gaap Operating Lease Liability
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CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q1 us-gaap Operating Lease Payments
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CY2022Q1 us-gaap Operating Lease Payments
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q1 us-gaap Loss Contingency Accrual At Carrying Value
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CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2023Q1 us-gaap Loss Contingency Estimate Of Possible Loss
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13000000 usd

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lnw-20230331_cal.xml Edgar Link unprocessable
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