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Updated 1 Form 1 Five Common Mistakes Everyone Makes In Updated 1 Form 1

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ — Scientific Amateur Corporation (NASDAQ: SGMS) (“Scientific Games,” “SGC” or the “Company”) today appear after-effects for the third division concluded September 30, 2021.

updated 1040 form 2020 IRS Form 1: Individual Income Tax Return 1 - NerdWallet

IRS Form 1: Individual Income Tax Return 1 – NerdWallet | updated 1040 form 2020

Barry Cottle, President and Chief Controlling Officer of Scientific Games, said, “In aloof the aftermost few months we accept fabricated amazing advance on our cardinal pillars, carrying on our promises, and rapidly advancing our eyes to be the arch cross-platform all-around bold company. With the auction of our Action and Sports Action businesses we are transforming our Company, adopting $7 billion which will decidedly de-lever the antithesis breadth and accredit us to advance for growth. With our automated alignment we accept all of the pieces in place, and are abnormally focused on architecture amateur absolutely cross-platform. Operationally we additionally fabricated abundant strides in the quarter, added cementing the turnaround at our Gaming business, deepening our administration position in iGaming and authoritative abundant advance accretion in Casual at SciPlay. I appetite to acknowledge all of our teams about the apple for their adamantine assignment and charge and for what they accept enabled us to accomplish.”

Connie James, Controlling Vice President and Chief Banking Officer of Scientific Games, added, “We accept an agitative aisle advanced of us as we move rapidly to alleviate cogent value. With the appear auction of Action and Sports Action businesses as able-bodied as amoebic investments and key acquisitions like Authentic, Lightning Box and Koukoi, you are bound accepting to see the appearance as able-bodied as the clip and action of our new organization. The divestitures put us on a acutely authentic aisle to materially de-lever while accouterment us with the adeptness to invest. Our drive connected this division with able top and basal band advance and with able annual banknote breeze as the teams connected to be laser-focused on productivity. We are seeing our Aggregation appear calm and adhere about a high-performance adeptness that embraces our ablaze approaching as we accompany our new eyes and I can’t acknowledge our advisers abundant for their adherence and enthusiasm.” 

STRATEGIC PILLAR PROGRESS

SUMMARY RESULTS

We accept reflected our Action and Sports Action businesses as discontinued operations, for all periods presented. Unless contrarily noted, amounts, percentages and altercation included beneath reflect the after-effects of operations and banking action from the Company’s continuing operations which includes its Gaming, SciPlay and iGaming businesses.

Three Months Concluded September 30,

($ in millions)

2021

2020

Continuing Operations

Discontinued Operations

Combined

Continuing Operations

Discontinued Operations

Combined

Revenue

$

539

$

285

$

824

$

432

$

266

$

698

Net assets (loss)

100

87

187

(187)

76

(111)

Net banknote provided by operating activities(1)

89

98

187

32

108

140

Capital expenditures

43

21

64

42

8

50

Non-GAAP Banking Measures(2)

AEBITDA(3)

$

203

$

129

$

332

$

117

$

118

$

235

Free banknote flow(1)

45

85

130

(12)

74

62

As of

Balance Breadth Measures

September 30, 2021

December 31, 2020

Combined banknote and banknote equivalents

$

844

$

1,016

Total debt

8,846

9,303

Available liquidity(4)

1,497

1,269

(1) Net banknote provided by operating activities from continuing operations and chargeless banknote breeze from continuing operations for the three months concluded September 30, 2021 and 2020 accommodate $120 actor and $111 million, respectively, of banknote absorption payments.

(2) These non-GAAP banking measures are authentic beneath and are accommodated to the best anon commensurable GAAP banking admeasurement in the accompanying added tables at the end of this release.

(3) Discontinued operations AEBITDA for the three months concluded September 30, 2021 and 2020 includes $2 actor and $- actor of EBITDA from disinterestedness investments – continuing operations, which is afar from the circumscribed AEBITDA from continuing operations.

(4) Accessible clamminess is affected as banknote and banknote equivalents including those in the businesses captivated for sale, added absolute blaster capacity, including the SciPlay Revolver.

Third Division 2021 Banking Highlights:

CONTINUING OPERATIONS BUSINESS SEGMENT HIGHLIGHTS FOR

THE THREE MONTHS ENDED SEPTEMBER 30, 2021

($ in millions)

Revenue

AEBITDA(1)

AEBITDA Margin(2)(3)

2021

2020

$

%

2021

2020

$

%

2021

2020

PP Change(3)

Gaming

$

339

$

231

$

108

47

%

$

172

$

77

$

95

123

%

51

%

33

%

18

SciPlay

147

151

(4)

(3)

%

45

49

(4)

(8)

%

31

%

32

%

(1)

iGaming(4)

53

50

3

6

%

18

16

2

13

%

34

%

32

%

2

Corporate and other(5)

%

(32)

(25)

(7)

28

%

%

%

Total

$

539

$

432

$

107

25

%

$

203

$

117

$

86

74

%

38

%

27

%

11

PP – allotment points.

(1) Gaming AEBITDA accept been acclimate to exclude EBITDA from disinterestedness investments. Refer to Circumscribed AEBITDA – continuing operations analogue and Gaming Business Articulation AEBITDA Change description beneath for added details.

(2) Articulation AEBITDA Margin is affected as articulation AEBITDA as a allotment of articulation revenue.

(3) As calculations are fabricated application accomplished dollar numbers, absolute after-effects may alter compared to calculations presented in this table.

(4) iGaming articulation AEBITDA and Acquirement represent absolute Agenda articulation after-effects acclimate to exclude the Sports Action business that is now included in discontinued operations.

(5) Includes amounts not allocated to the business segments (including accumulated costs) and added non-operating costs (income).

Key Highlights

LIQUIDITY

Earnings Appointment Call

As ahead announced, Scientific Amateur controlling administration will host a appointment alarm on Tuesday, November 9, 2021, at 4:30 p.m. EST to assay the Company’s third division results. To admission the alarm alive via a listen-only webcast and presentation, amuse appointment http://www.scientificgames.com/investors/events-presentations/ and bang on the webcast articulation beneath the Investor Advice section. To admission the alarm by telephone, amuse dial: 1 (877) 842-4249  for U.S. or 1 (412) 317-5420 for All-embracing and ask to accompany the Scientific Amateur Corporation call. A epitomize of the webcast will be archived in the Investors breadth on www.scientificgames.com.

About Scientific Games

Scientific Amateur Corporation (NASDAQ: SGMS) is the apple baton in alms barter a absolutely chip portfolio of technology platforms, able-bodied systems, agreeable agreeable and services.  The Aggregation is the all-around baton in technology-based gaming systems, agenda real-money gaming and sports action platforms, table games, table articles and burning games, and a baton in products, services and agreeable for gaming, action and amusing gaming markets. Scientific Amateur delivers what barter and players bulk most: trusted security, artistic absorbing content, operating efficiencies and avant-garde technology. For added information, amuse appointment www.scientificgames.com, which is adapted consistently with banking and added advice about the Company. You can admission our filings with the SEC through the SEC website at www.sec.gov or through our website, and we acerb animate you to do so. We commonly cavalcade advice that may be important to investors on our website at www.scientificgames.com/investors/, and we use our website as a agency of advice absolute advice to the accessible in a broad, non-exclusionary address for purposes of the SEC’s Regulation Fair Acknowledgment (Reg FD).

The advice independent on, or that may be accessed through, our website is not congenital by advertence into, and is not a allotment of, this document, and shall not be accounted “filed” beneath the Antithesis Barter Act of 1934, as amended.

COMPANY CONTACTS

Media Relations

Investor Relations

Christina Karas 1 702-532-7986

Jim Bombassei 1 702-532-7643

Vice President, Accumulated Communications

[email protected]

Senior Vice President, Investor Relations

[email protected]

All ® notices announce marks registered in the United States. © 2021 Scientific Amateur Corporation. All Rights Reserved.

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

 (Unaudited, in millions, except per allotment amounts)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2021

2020

2021

2020

Revenue:

Services

$

408

$

337

$

1,216

$

919

Product sales

131

95

356

300

Total revenue

539

432

1,572

1,219

Operating expenses:

Cost of services(1)

90

86

273

250

Cost of artefact sales(1)

63

66

166

197

Selling, accepted and administrative

164

146

502

459

Research and development

47

36

140

110

Depreciation, acquittal and impairments

96

111

289

336

Goodwill impairment

54

Restructuring and other

45

17

96

48

 Total operating expenses

505

462

1,466

1,454

Operating assets (loss)

34

(30)

106

(235)

Other (expense) income:

Interest expense

(120)

(131)

(360)

(379)

Loss on debt costs transactions

(1)

(1)

Gain (loss) on remeasurement of debt

12

(24)

30

(26)

Other assets (expense), net

2

2

22

(8)

Total added expense, net

(106)

(154)

(308)

(414)

Net accident from continuing operations afore assets taxes

(72)

(184)

(202)

(649)

Income tax annual (expense)

172

(3)

164

(8)

Net assets (loss) from continuing operations

100

(187)

(38)

(657)

Net assets from discontinued operations, net of tax(2)

87

76

329

193

Net assets (loss)

187

(111)

291

(464)

Less: Net assets attributable to noncontrolling interest

5

6

15

15

Net assets (loss) attributable to SGC

$

182

$

(117)

$

276

$

(479)

Per Allotment – Basic:

Net assets (loss) from continuing operations

$

0.99

$

(2.03)

$

(0.55)

$

(7.14)

Net assets from discontinued operations

0.90

0.80

3.43

2.05

Net assets (loss) attributable to SGC

$

1.89

$

(1.23)

$

2.88

$

(5.09)

Per Allotment – Diluted:

Net assets (loss) from continuing operations

$

0.96

$

(2.03)

$

(0.55)

$

(7.14)

Net assets from discontinued operations

0.88

0.80

3.43

2.05

Net assets (loss) attributable to SGC

$

1.84

$

(1.23)

$

2.88

$

(5.09)

Weighted boilerplate cardinal of shares acclimated in per allotment calculations:

Basic shares

96

95

96

94

Diluted shares

99

95

96

94

(1) Excludes abrasion and amortization.

(2) Includes $63 actor accretion for the nine months concluded September 30, 2021, accompanying to the SportCast accretion transaction.

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 (Unaudited, in millions)

September 30,

December 31,

2021

2020

Assets:

Cash and banknote equivalents

$

782

$

928

Restricted cash

39

45

Receivables, net of allowance for acclaim losses $62 and $76, respectively

415

438

Inventories

105

119

Prepaid expenses, deposits and added accepted assets

105

98

Assets of businesses captivated for sale

475

553

Total accepted assets

1,921

2,181

Restricted cash

9

10

Receivables, net of allowance for acclaim losses $2 and $5, respectively

18

19

Property and equipment, net

218

242

Operating charter right-of-use assets

46

52

Goodwill

2,755

2,730

Intangible assets, net

974

1,088

Software, net

123

143

Other assets

357

157

Assets of businesses captivated for sale

1,429

1,362

Total assets

$

7,850

$

7,984

Liabilities and Stockholders’ Deficit:

Current allocation of abiding debt

$

44

$

44

Accounts payable

167

150

Accrued liabilities

382

343

Liabilities of businesses captivated for sale

251

295

Total accepted liabilities

844

832

Deferred assets taxes

41

44

Operating charter liabilities

36

43

Other abiding liabilities

170

190

Long-term debt, excluding accepted portion

8,802

9,259

Liabilities of businesses captivated for sale

148

140

Total stockholders’ deficit(1)

(2,191)

(2,524)

Total liabilities and stockholders’ deficit

$

7,850

$

7,984

(1) Includes $144 actor and $129 actor in noncontrolling absorption as of  September 30, 2021 and December 31, 2020, respectively.

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited, in millions)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2021

2020

2021

2020

Cash flows from operating activities:

Net assets (loss)

$

187

$

(111)

$

291

$

(464)

Less: Assets from discontinued operations, net of tax

(87)

(76)

(329)

(193)

Adjustments to accommodate net assets (loss) from continuing operations to net banknote provided by operating activities from continuing operations

114

172

358

560

Changes in alive basic accounts, excluding the furnishings of acquisitions

51

43

51

90

Changes in deferred assets taxes and other

(176)

4

(172)

9

Net banknote provided by operating activities from continuing operations

89

32

199

2

Net banknote provided by operating activities from discontinued operations

98

108

260

310

Net banknote provided by operating activities

187

140

459

312

Cash flows from advance activities:

Capital expenditures

(43)

(42)

(118)

(100)

Acquisitions of businesses, net of banknote acquired

(40)

(40)

(13)

Proceeds from auction of assets and other

1

10

22

Net banknote acclimated in advance activities from continuing operations

(82)

(42)

(148)

(91)

Net banknote acclimated in advance activities from discontinued operations

(26)

(8)

(58)

(43)

Net banknote acclimated in advance activities

(108)

(50)

(206)

(134)

Cash flows from costs activities:

(Payments) accretion of abiding debt, net

(161)

198

(432)

618

Payments of debt arising and deferred costs and alms costs

(5)

(8)

(5)

(9)

Payments on authorization obligations

(1)

(6)

(25)

(17)

Net redemptions of accepted banal beneath stock-based advantage affairs and other

(1)

1

(22)

(1)

Net banknote (used in) provided by costs activities from continuing operations

(168)

185

(484)

591

Net banknote acclimated in costs activities from discontinued operations

(8)

(4)

Net banknote (used in) provided by costs activities

(168)

185

(492)

587

Effect of barter bulk changes on cash, banknote equivalents and belted cash

(3)

2

(3)

1

(Decrease) admission in cash, banknote equivalents and belted cash

(92)

277

(242)

766

Cash, banknote equivalents and belted cash, alpha of period

993

864

1,143

375

Cash, banknote equivalents and belted cash, end of period

901

1,141

901

1,141

Less: Cash, banknote equivalents and belted banknote of discontinued operations

71

101

71

101

Cash, Banknote equivalents and belted banknote of continuing operations, end of period

$

830

$

1,040

$

830

$

1,040

Supplemental banknote breeze information:

Cash paid for interest

$

120

$

111

$

349

$

335

Income taxes paid

14

11

27

18

Distributed antithesis from disinterestedness investments

9

15

22

Supplemental non-cash transactions:

Non-cash absorption expense

$

6

$

5

$

18

$

16

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

RECONCILIATION OF CONSOLIDATED AEBITDA – CONTINUING OPERATIONS, AEBITDA FROM DISCONTINUED OPERATIONS, COMBINED AEBITDA, SUPPLEMENTAL BUSINESS SEGMENT DATA, AND COMBINED REVENUE

 (Unaudited, in millions)

Three Months Concluded September 30,

Nine Months Concluded September 30,

2021

2020

2021

2020

Reconciliation of Net Assets (Loss) Attributable to SGC to Circumscribed AEBITDA – Continuing Operations

Net assets (loss) attributable to SGC

$

182

$

(117)

$

276

$

(479)

Net assets attributable to noncontrolling interest

5

6

15

15

Net assets from discontinued operations, net of tax

(87)

(76)

(329)

(193)

Net assets (loss) from continuing operations

100

(187)

(38)

(657)

Restructuring and other(1)

45

17

96

48

Depreciation, acquittal and impairments

96

111

289

336

Goodwill impairment

54

Other bulk (income), net

1

(17)

12

Interest expense

120

131

360

379

Income tax (benefit) expense

(172)

3

(164)

8

Stock-based compensation

26

16

81

38

Loss on debt costs transactions

1

1

(Gain) accident on remeasurement of debt

(12)

24

(30)

26

Consolidated AEBITDA – continuing operations(2)

$

203

$

117

$

577

$

245

Reconciliation of Net Assets from discontinued operations, net of tax to AEBITDA from Discontinued Operations

Net assets from discontinued operations, net of tax

$

87

$

76

$

329

$

193

Income tax expense

3

2

6

2

Restructuring and other(1)

1

3

3

10

Depreciation, acquittal and impairments

26

25

79

78

EBITDA from disinterestedness investments(3)

21

11

61

20

(Earnings) accident from disinterestedness investments

(14)

(2)

(35)

5

Stock-based advantage and other, net

3

3

(41)

(2)

AEBITDA from discontinued operations(4)

$

127

$

118

$

402

$

306

EBITDA from disinterestedness investments – continuing operations(3)

2

6

5

Combined AEBITDA(5)

$

332

$

235

$

985

$

556

Supplemental Business Articulation Abstracts – Continuing Operations

Business segments AEBITDA – continuing operations

Gaming(2)

$

172

$

77

$

472

$

137

SciPlay

45

49

138

144

iGaming

18

16

60

46

Total business segments AEBITDA – continuing operations

235

142

670

327

Corporate and other(6)(7)

(32)

(25)

(93)

(82)

Consolidated AEBITDA – continuing operations(2)

$

203

$

117

$

577

$

245

Reconciliation of Accumulated Revenue

Continuing operations revenue

$

539

$

432

$

1,572

$

1,219

Discontinued operations revenue

285

266

860

743

Combined revenue

$

824

$

698

$

2,432

$

1,962

(1) Refer to the Circumscribed AEBITDA – continuing operations and AEBITDA from discontinued operations definitions beneath for a description of items included in restructuring and other.

(2) The Gaming Business Articulation and Circumscribed AEBITDA – continuing operations presentations accept been acclimate to exclude EBITDA from disinterestedness investments. Refer to Circumscribed AEBITDA – continuing operations analogue and Gaming Business Articulation AEBITDA Change description beneath for added details.

(3) EBITDA from disinterestedness investments is a non-GAAP banking admeasurement accommodated to the best anon commensurable GAAP admeasurement in the accompanying added tables at the end of this release.

(4) AEBITDA from discontinued operations, a non-GAAP measure, is acquired based on the absolute annal and includes alone those absolute costs that are allocated to discontinued operations. See beneath for added description and disclaimers associated with this non-GAAP measure.

(5) Accumulated AEBITDA consists of Circumscribed AEBITDA – continuing operations, AEBITDA from discontinued operations and EBITDA from disinterestedness investments included in continuing operations. Refer to non-GAAP banking measures definitions beneath for added details.

(6) Includes amounts not allocated to the business segments (including accumulated costs) and added non-operating costs (income).

(7) Represents the accepted accumulated bulk anatomy that was not historically allocated to our business segments.

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

CONTINUING OPERATIONS SUPPLEMENTAL INFORMATION – SEGMENT KEY PERFORMANCE INDICATORS AND SUPPLEMENTAL FINANCIAL DATA

 (Unaudited, in millions, except assemblage and per assemblage abstracts or as contrarily noted)

Three Months Ended

September 30,

September 30,

June 30,

2021

2020

2021

Gaming Business Articulation Added Banking Data:

Revenue by band of business:

Gaming operations

$

151

$

92

$

181

Gaming apparatus sales

95

71

100

Gaming systems

52

43

52

Table products

41

25

34

Total revenue

$

339

$

231

$

367

Gaming Operations:

U.S. and Canada:

Installed abject at aeon end

30,396

30,208

29,965

Average circadian acquirement per unit

$

42.66

$

26.90

$

44.58

International:(1)

Installed abject at aeon end

30,644

33,493

31,412

Average circadian acquirement per unit

$

11.78

$

5.65

$

8.44

Gaming Apparatus Sales:

U.S. and Canada new assemblage shipments

3,223

3,114

3,221

International new assemblage shipments

1,780

1,887

1,751

Total new assemblage shipments

5,003

5,001

4,972

Average sales bulk per new unit

$

16,099

$

12,881

$

17,048

Gaming Apparatus Assemblage Sales Components:

U.S. and Canada assemblage shipments:

Replacement units

2,887

1,523

2,541

Casino aperture and amplification units

336

1,591

680

Total assemblage shipments

3,223

3,114

3,221

International assemblage shipments:

Replacement units

1,690

1,887

1,751

(2)

Casino aperture and amplification units

90

(2)

Total assemblage shipments

1,780

1,887

1,751

(2)

SciPlay Business Articulation Added Banking Data:

Revenue by Platform:

Mobile

$

131

$

132

$

136

Web and other

16

19

18

Total revenue

$

147

$

151

$

154

Mobile penetration(3)

89

%

87

%

88

%

Average MAU(4)

6.1

7.3

6.3

Average DAU(5)

2.3

2.6

2.3

ARPDAU(6)

$

0.69

$

0.63

$

0.72

iGaming Business Articulation Added Data:

Wagers candy through OGS (in billions)

$

16.9

$

12.4

$

18.0

iGaming revenue

$

47

$

42

$

55

(1) Excludes the appulse of bold agreeable licensing revenue.

(2) The June 30, 2021 appear bulk of 1,751 for All-embracing bank aperture and amplification units has been reclassified to the All-embracing backup units to absolute a misclassification in the above-mentioned quarter.

(3) Adaptable assimilation is authentic as the allotment of SciPlay acquirement generated from adaptable platforms.

(4) MAU = Monthly Active Users is a adding of visitors to our sites during a month. An alone who plays assorted amateur or from assorted accessories may, in assertive circumstances, be counted added than once. However, we use third-party abstracts to absolute the accident of assorted counting.

(5) DAU = Circadian Active Users is a adding of visitors to our sites during a day. An alone who plays assorted amateur or from assorted accessories may, in assertive circumstances, be counted added than once. However, we use third-party abstracts to absolute the accident of assorted counting.

(6) ARPDAU = Boilerplate acquirement per DAU is affected by adding acquirement for a aeon by the DAU for the aeon by the cardinal of canicule for the period.

SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES

 (Unaudited, in millions, except for ratio)

RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO SGC TO CONSOLIDATED AEBITDA – CONTINUING OPERATIONS

Twelve Months Ended

September 30, 2021

December 31, 2020

Net assets (loss) attributable to SGC

$

186

$

(569)

Net assets attributable to noncontrolling interest

21

21

Net assets from discontinued operations, net of tax

(398)

(261)

Net accident from continuing operations

(191)

(809)

Restructuring and other

104

56

Depreciation, acquittal and impairments

402

449

Goodwill impairment

54

Other (income) expense, net

(21)

8

Interest expense

485

503

Income tax expense

(167)

5

Stock-based compensation

99

56

(Gain) accident on remeasurement of debt and other

(5)

52

Consolidated AEBITDA – continuing operations

$

706

$

374

RECONCILIATION OF NET INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX TO AEBITDA FROM DISCONTINUED OPERATIONS AND COMBINED AEBITDA

Twelve Months Ended

September 30, 2021

December 31, 2020

Net assets from discontinued operations, net of tax

$

398

$

261

Income tax bulk (benefit)

2

(1)

Restructuring and other

4

11

Depreciation, acquittal and impairments

106

105

EBITDA from disinterestedness investments

71

30

(Earnings) accident from disinterestedness investments

(31)

9

Stock-based advantage and other, net

(35)

4

AEBITDA from discontinued operations(1)

$

515

$

419

EBITDA from disinterestedness investments – continuing operations(3)

8

7

Combined AEBITDA(2)

$

1,229

$

800

RECONCILIATION OF PRINCIPAL FACE VALUE OF DEBT OUTSTANDING TO NET DEBT AND NET DEBT LEVERAGE RATIO

As of

September 30, 2021

December 31, 2020

Combined AEBITDA(2)

$

1,229

$

800

Total debt

$

8,846

$

9,303

Add: Unamortized debt discount/premium and deferred costs costs, net

89

104

Add: Appulse of barter rate(3)

46

7

Less: Debt not acute banknote claim and other

(5)

(7)

Principal face bulk of debt outstanding

8,976

9,407

Less: Accumulated Banknote and banknote equivalents(4)

844

1,016

Net debt

$

8,132

$

8,391

Net debt advantage ratio

6.6

10.5

Euro to USD barter bulk at advertisement date

1.16

1.22

Euro to USD barter bulk at issuance

1.24

1.24

(1) AEBITDA from discontinued operations, a non-GAAP measure, is acquired based on the absolute annal and includes alone those absolute costs that are allocated to discontinued operations. See beneath for added description and disclaimers associated with this non-GAAP measure.

(2) Accumulated AEBITDA consists of Circumscribed AEBITDA – continuing operations, AEBITDA from discontinued operations and EBITDA from disinterestedness investments included in continuing operations. Refer to non-GAAP banking measures definitions beneath for added details.

(3) Barter bulk appulse is the appulse of advice our outstanding 2026 Secured Euro Addendum and 2026 Unsecured Euro Addendum translated at connected adopted barter bulk at arising of these addendum as compared to the accepted barter rate.

(4) Includes banknote and banknote equivalents of both continuing operations and discontinued operations, as the accumulated bulk is accessible for debt payments.

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW – CONTINUING OPERATIONS AND COMBINED FREE CASH FLOW

Three Months Concluded September 30,

2021

2020

Continuing Operations

Discontinued Operations(2)

Combined(3)

Continuing Operations

Discontinued Operations(2)

Combined(3)

Operations (exc. absorption and taxes)

Cash absorption and taxes(1)

Total

Operations (exc. absorption and taxes)

Cash absorption and taxes(1)

Total

Net banknote provided by operating activities

$

221

$

(132)

$

89

$

98

$

187

$

152

$

(120)

$

32

$

108

$

140

Less: Basic expenditures

(43)

(43)

(21)

(64)

(42)

(42)

(8)

(50)

Less: Distributions from disinterestedness adjustment investments, net of additions

1

1

4

5

Less: Payments on authorization obligations

(1)

(1)

(1)

(6)

(6)

(6)

Add (less): Change in belted banknote impacting alive capital

(1)

(1)

4

3

4

4

(26)

(22)

Free banknote flow

$

177

$

(132)

$

45

$

85

$

130

$

108

$

(120)

$

(12)

$

74

$

62

Nine Months Concluded September 30,

2021

2020

Continuing Operations

Discontinued Operations(2)

Combined(3)

Continuing Operations

Discontinued Operations(2)

Combined(3)

Operations (exc. absorption and taxes)

Cash absorption and taxes(1)

Total

Operations (exc. absorption and taxes)

Cash absorption and taxes(1)

Total

Net banknote provided by operating activities

$

570

$

(371)

$

199

$

260

$

459

$

353

$

(351)

$

2

$

310

$

312

Less: Basic expenditures

(118)

(118)

(49)

(167)

(100)

(100)

(42)

(142)

Less: Distributions from disinterestedness adjustment investments, net of additions

3

3

9

12

(1)

(1)

Less: Payments on authorization obligations

(25)

(25)

(5)

(30)

(17)

(17)

(4)

(21)

Add (less): Change in belted banknote impacting alive capital

7

7

62

69

6

6

(40)

(34)

Free banknote flow

$

437

$

(371)

$

66

$

277

$

343

$

242

$

(351)

$

(109)

$

223

$

114

(1) Represents banknote taxes and banknote absorption paid on our absolute debt, which has not historically been allocated to our business segments. Afterward the cancellation of accretion from the auction of our Action and Sports Action businesses, we apprehend to decidedly accord and restructure our absolute debt. Accordingly, we present this cavalcade to accommodate the appulse of our accepted debt anatomy on our operating banknote flows from continuing operations to accommodate greater allegory to banknote flows generated by our discontinued operations.

(2) Chargeless banknote flows from discontinued operations, a non-GAAP measure, is acquired based on the absolute annal and includes alone those absolute banknote flows that are allocated to discontinued operations. See beneath for added description and disclaimers associated with this non-GAAP measure.

(3) Accumulated Chargeless banknote breeze consists of Chargeless banknote breeze (representing Chargeless banknote breeze from continuing operations) and Chargeless banknote breeze from discontinued operations. Refer to non-GAAP banking measures definitions beneath for added details.

RECONCILIATION OF EARNINGS (LOSS) OF EQUITY INVESTMENTS TO EBITDA FROM EQUITY INVESTMENTS AND COMBINED EBITDA FROM EQUITY INVESTMENTS

Three Months Concluded September 30,

Nine Months Concluded September 30,

2021

2020

2021

2020

Continuing Operations

Discontinued Operations

Continuing Operations

Discontinued Operations

Continuing Operations

Discontinued Operations

Continuing

Operations

Discontinued Operations

EBITDA from disinterestedness investments:

Earnings (loss) of disinterestedness investments

$

1

$

14

$

$

2

$

3

$

35

$

2

$

(5)

Add: Assets tax expense

7

2

Add: Depreciation, acquittal and impairments

7

9

1

22

23

Add: Absorption income, net and other

1

2

(3)

3

EBITDA from disinterestedness investments

$

2

$

21

$

$

11

$

6

$

61

$

5

$

20

Combined EBITDA from disinterestedness investments(1)

$

23

$

11

$

67

$

25

(1) Accumulated EBITDA from disinterestedness investments consists of EBITDA from both discontinued and continuing operations disinterestedness investments.

SUPPLEMENTAL INFORMATION – RECAST QUARTERLY GAMING BUSINESS SEGMENT AEBITDA(1)

2021

2020

2019

Q1

Q2

Q1

Q2

Q3

Q4

FY20

Q1

Q2

Q3

Q4

FY19

AEBITDA, as reported

$

108

$

196

$

96

$

(31)

$

77

$

105

$

247

$

215

$

215

$

226

$

209

$

865

Less: EBITDA from disinterestedness investments

(1)

(2)

(3)

(2)

(2)

(7)

(2)

(2)

(3)

(2)

(9)

AEBITDA, recast

$

107

$

194

$

93

$

(33)

$

77

$

103

$

240

$

213

$

213

$

223

$

207

$

856

(1) The Gaming Business Articulation AEBITDA has been acclimate to exclude EBITDA from disinterestedness investments in adjustment to adjust the Gaming Business segment’s achievement admeasurement of accumulation or accident with how our Chief Operating Decision Maker evaluates the operating after-effects and achievement of our Gaming Business articulation accustomed the awaiting divestiture. Refer to Gaming Articulation AEBITDA Change breadth beneath for added details.

Forward-Looking Statements

In this columnist release, Scientific Amateur makes “forward-looking statements” aural the acceptation of the U.S. Private Antithesis Action Reform Act of 1995. Advanced statements call approaching expectations, plans, after-effects or strategies and can about be articular by the use of analogue such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or agnate terminology. These statements are based aloft management’s accepted expectations, assumptions and estimates and are not guarantees of timing, approaching after-effects or performance. Therefore, you should not await on any of these advanced statements as predictions of approaching events. Absolute after-effects may alter materially from those advised in these statements due to a array of risks and uncertainties and added factors, including, amid added things:

Additional advice apropos risks and uncertainties and added factors that could annual absolute after-effects to alter materially from those advised in advanced statements is included from time to time in our filings with the SEC, including the Company’s accepted letters on Form 8-K and annual letters on Form 10-Q and its latest Annual Address on Form 10-K filed with the SEC for the year concluded December 31, 2020 on March 1, 2021 (including beneath the headings “Forward Looking Statements” and “Risk Factors”). Advanced statements allege alone as of the date they are fabricated and, except for our advancing obligations beneath the U.S. federal antithesis laws, we undertake no and especially abandon any obligation to about amend any advanced statements whether as a aftereffect of new information, approaching contest or otherwise.

You should additionally agenda that this columnist absolution may accommodate references to industry bazaar abstracts and assertive industry forecasts. Industry bazaar abstracts and industry forecasts are acquired from about accessible advice and industry publications. Industry publications about accompaniment that the advice independent therein has been acquired from sources believed to be reliable, but that the accurateness and abyss of that advice is not guaranteed. Although we accept industry advice to be accurate, it is not apart absolute by us and we do not accomplish any representation as to the accurateness of that information. In general, we accept there is beneath about accessible advice apropos the all-embracing gaming, lottery, amusing and agenda gaming industries than the aforementioned industries in the U.S.

Due to rounding, assertive numbers presented herein may not absolutely accede or add up on a accumulative abject to the totals ahead reported.

As declared below, we accept reclassified assertive above-mentioned aeon amounts aural this absolution to be connected with the accepted aeon presentation for discontinued operations, which we accept is added allusive to readers of our abridged circumscribed banking statements. Unless contrarily stated, advice in this absolution relates to continuing operations.

Discontinued Operations

On September 27, 2021, we appear that we had entered into a absolute acceding to advertise our Sports Action business to Endeavor Group Holdings, Inc. (“Endeavor”) in a banknote and banal transaction, accountable to assertive accepted adjustments. On October 27, 2021, we appear that we had entered into a absolute acceding to advertise our Action business to Brookfield Business Ally L.P. calm with its institutional ally in a banknote transaction, accountable to applicative authoritative approvals and accepted closing conditions. In ablaze of these awaiting divestitures, action for our Action business and the Sports Action business presented in the Circumscribed Statements of Operations presented herein accept been reclassified to discontinued operations and above-mentioned aeon Action and Sports Action antithesis breadth balances accept been reclassified to the Asset and Liabilities captivated for auction curve on the Abridged Circumscribed Antithesis Breadth presented herein in accordance with Accounting Standard Codification 205-20, Presentation of Banking Statements – Discontinued Operations. Afterward such reclassification, the abject of accounting and presentation of banking statements by the Action and Sports Action businesses in the approaching in affiliation with their planned divestitures may alter materially from those of the Company, including as presented herein.

We address our operations in three business segments—Gaming, SciPlay and iGaming—representing our altered articles and services. Our aloft Agenda articulation has been renamed to iGaming and the presentation was acclimate for all periods to exclude the Sports Action business.

Gaming Business Articulation AEBITDA and Circumscribed AEBITDA (representing our continuing operations) Changes

As a aftereffect of our cardinal changes and awaiting divestitures of our Action and Sports Action businesses, starting with the third division of 2021, we afflicted our Gaming Business Articulation AEBITDA and Circumscribed AEBITDA (representing our continuing operations) to exclude EBITDA from disinterestedness investments. Our Action Business articulation has historically operated through collective ventures in assertive jurisdictions and has comprised the primary basic of our EBITDA from disinterestedness investments included in our Circumscribed AEBITDA. As a aftereffect of the awaiting denial of the Action business, we accept re-assessed how our Chief Operating Decision Maker evaluates the operating after-effects and achievement of our Gaming Business segment. This analysis resulted in a change to the adding of Gaming Business Articulation AEBITDA, which is our primary admeasurement of the Gaming Business articulation achievement admeasurement of accumulation or loss. Accordingly, Gaming Business Articulation AEBITDA has been acclimate to exclude EBITDA from disinterestedness investments to adjust with this new view, which analogously impacts Circumscribed AEBITDA. The Gaming Business articulation advice and Circumscribed AEBITDA for the above-mentioned commensurable periods accept been acclimate to exclude EBITDA from disinterestedness investments. Afterward such reclassification, the abject of accounting and presentation of banking statements by the Action and Sports Action businesses in the approaching in affiliation with their planned divestitures may alter materially from those of the Company, including as presented herein.

Non-GAAP Banking Measures

The Company’s administration uses the afterward non-GAAP banking measures in affiliation with GAAP banking measures: Circumscribed AEBITDA, AEBITDA from discontinued operations, Accumulated AEBITDA, Chargeless banknote breeze (representing continuing operations), Chargeless banknote breeze from discontinued operations, Accumulated chargeless banknote flow, EBITDA from disinterestedness investments included in discontinued operations, and Net debt and Net debt advantage arrangement (each, as declared added absolutely below). These non-GAAP banking measures are presented as added disclosures. They should not be advised in abreast of, as a acting for, or aloft to, the banking advice able in accordance with GAAP, and should be apprehend in affiliation with the Company’s banking statements filed with the SEC. The non-GAAP banking measures acclimated by the Aggregation may alter from analogously blue-blooded measures presented by added companies.

Specifically, the Company’s administration uses Circumscribed AEBITDA to, amid added things: (i) adviser and appraise the achievement of the Company’s continuing operations; (ii) facilitate management’s centralized and alien comparisons of the Company’s circumscribed absolute operating performance; and (iii) assay and appraise banking and cardinal planning decisions apropos approaching operating investments and operating budgets.

In addition, the Company’s administration uses Circumscribed AEBITDA to facilitate management’s alien comparisons of the Company’s circumscribed after-effects from continuing operations to the absolute operating achievement of added companies that may accept altered basic structures and debt levels.

The Company’s administration uses Net debt and Net debt advantage arrangement in ecology and evaluating the Company’s all-embracing liquidity, banking adaptability and leverage.

As declared in this earning release, the Aggregation is in the action of divesting our Action and Sports Action businesses (the closing of which was a basic of our aloft Agenda business segment, which was renamed to iGaming alpha in the third division of 2021) and as such, celebrated banking advice for these businesses is classified as discontinued operations, as declared above. The Company’s administration believes that Accumulated AEBITDA and Accumulated chargeless banknote breeze are advantageous during the aeon until the dispositions action as they accommodate administration and investors with advice apropos the Company’s accumulated banking action and operating achievement beneath the accepted structure, including for above-mentioned aeon comparisons, as the Aggregation is finalizing the divestitures and transforming the Company’s strategy.

Additionally, as the businesses captivated for auction are still accountable to our debt agreements, the Aggregation uses Accumulated AEBITDA in chargeless its debt acquiescence as appropriate beneath its debt covenants. In addition, as these entities are still consolidated, Accumulated chargeless banknote breeze provides greater afterimage into banknote accessible for the continuing operations to use in advance and costs decisions as this Chargeless banknote breeze charcoal accessible for such decisions.

The Company’s administration believes that these non-GAAP banking measures are advantageous as they accommodate administration and investors with advice apropos the Company’s banking action and operating achievement that is an basic allotment of management’s advertisement and planning processes. In particular, the Company’s administration believes that Circumscribed AEBITDA and Accumulated AEBITDA are accessible because these non-GAAP banking measures annihilate the furnishings of restructuring, transaction, affiliation or added items that administration believes are beneath apocalyptic of the advancing basal achievement of continuing operations or on a accumulated basis, (as added absolutely declared below) and are bigger evaluated separately. Moreover, administration believes EBITDA from disinterestedness investments included in discontinued operations is advantageous to investors because the Company’s Action business is conducted through a cardinal of disinterestedness investments, and this admeasurement eliminates banking items from the disinterestedness investees’ antithesis that administration believes accept beneath address on the disinterestedness investees’ performance. Administration believes that Chargeless banknote breeze and Accumulated chargeless banknote breeze accommodate advantageous advice apropos the Company’s clamminess and its adeptness to annual debt and armamentarium investments. Administration additionally believes that Chargeless banknote breeze and Accumulated chargeless banknote breeze are advantageous for investors because they accommodate investors with important perspectives on the banknote accessible for debt claim and added cardinal measures, afterwards authoritative all-important basic investments in acreage and equipment, all-important authorization payments to abutment the advancing business operations, adjustments for changes in belted banknote impacting alive basic and demography into annual banknote flows apropos to the Company’s disinterestedness investments.

Additionally, administration believes that AEBITDA from discontinued operations and Chargeless banknote breeze from discontinued operations accommodate advantageous advice apropos the Company’s operations that are in the action of actuality bald and accommodate the appulse of those businesses on the all-embracing banking after-effects for the periods presented as they currently abide beneath the accepted anatomy of the Company. These non-GAAP measures are acquired based on the absolute annal and accommodate alone those absolute costs that are allocated to discontinued operations and as such do not accommodate all of the costs that would accept been incurred by these businesses as a standalone aggregation or added Accumulated and aggregate allocations and such differences ability be material.

Consolidated AEBITDA (representing AEBITDA from continuing operations)

Consolidated AEBITDA, as acclimated herein, is a non-GAAP banking measures that is presented as a added acknowledgment of the Company’s continuing operations and is accommodated to net assets (loss) from continuing operations as the best anon commensurable GAAP measure, as set alternating in the agenda blue-blooded “Reconciliation of Net Assets (Loss) Attributable to SGC to Circumscribed AEBITDA – Continuing Operations.” Circumscribed AEBITDA should not be advised in abreast of, as a acting for, or aloft to, the circumscribed banking advice able in accordance with GAAP, and should be apprehend in affiliation with the Company’s banking statements filed with the SEC. Circumscribed AEBITDA may alter from analogously blue-blooded measures presented by added companies. See the Gaming Business Articulation AEBITDA change aloft additionally impacting the analogue and adding of Circumscribed AEBITDA. Circumscribed AEBITDA for the above-mentioned commensurable periods has been acclimate to reflect this change.

Consolidated AEBITDA is accommodated to net assets (loss) attributable to SGC and includes the afterward adjustments: (1) net assets attributable to noncontrolling interest; (2) net assets from discontinued operations, net of tax; (3) restructuring and other, which includes accuse or costs attributable to: (i) agent severance; (ii) administration restructuring and accompanying costs; (iii) restructuring and integration; (iv) bulk accumulation initiatives; (v) aloft litigation; and (vi) accretion costs and added abnormal items; (4) abrasion and acquittal bulk and crime accuse and amicableness impairments; (5) change in fair bulk of investments and remeasurement of debt; (6) absorption expense; (7) assets tax expense; (8) stock-based compensation; (9) accident on debt costs transactions; and (10) added bulk (income), net including adopted bill (gains), and losses and antithesis from disinterestedness investments. AEBITDA is presented alone as our articulation admeasurement of accumulation or loss.

AEBITDA from Discontinued Operations

AEBITDA from discontinued operations, as acclimated herein, is a non-GAAP banking admeasurement that is presented as a added acknowledgment for the Company’s discontinued operations and is accommodated to net assets from discontinued operations, net of tax as the best anon commensurable GAAP measure, as set alternating in the agenda blue-blooded “Reconciliation of Net Assets From Discontinued Operations, Net of Tax To AEBITDA From Discontinued Operations.” AEBITDA from discontinued operations should not be advised in abreast of, as a acting for, or aloft to, the circumscribed banking advice able in accordance with GAAP, and should be apprehend in affiliation with the Company’s banking statements filed with the SEC. AEBITDA from discontinued operations may alter from analogously blue-blooded measures presented by added companies.

AEBITDA from discontinued operations is accommodated to net assets from discontinued operations, net of tax and includes the afterward adjustments: (1) restructuring and other, which includes accuse or costs attributable to: (i) agent severance; (ii) administration restructuring and accompanying costs; (iii) restructuring and integration; (iv) bulk accumulation initiatives; (v) aloft litigation; and (vi) accretion costs and added abnormal items; (2) abrasion and acquittal bulk and crime accuse and amicableness impairments; (3) assets tax expense; and (4) stock-based advantage and other, net. In accession to the above-mentioned adjustments, we exclude (earnings) accident from disinterestedness investments and add (without duplication) discontinued operations pro rata allotment of EBITDA from disinterestedness investments, which represents their allotment of antithesis (whether or not distributed) afore assets tax expense, abrasion and acquittal expense, and absorption expense, net of our collective ventures and boyhood investees, which is included in our adding of AEBITDA from discontinued operations.

Combined AEBITDA

Combined AEBITDA, as acclimated herein, is a non-GAAP banking admeasurement that combines Circumscribed AEBITDA (representing our continuing operations), AEBITDA from discontinued operations and EBITDA from disinterestedness investments included in continuing operations and is presented as a added disclosure. Accumulated AEBITDA should not be advised in abreast of, as a acting for, or aloft to, the circumscribed banking advice able in accordance with GAAP, and should be apprehend in affiliation with the Company’s banking statements filed with the SEC. Accumulated AEBITDA may alter from analogously blue-blooded measures presented by added companies.

Free Banknote Breeze – Continuing Operations

Free banknote flow, as acclimated herein, represents net banknote provided by operating activities from continuing operations beneath absolute basic expenditures, beneath payments on authorization obligations, beneath contributions to disinterestedness adjustment investments added distributions of basic from disinterestedness investments, and adapted for changes in belted banknote impacting alive capital. Chargeless banknote breeze is a non-GAAP banking admeasurement that is presented as a added acknowledgment for allegorical purposes alone and is accommodated to net banknote provided by operating activities, the best anon commensurable GAAP measure, in a agenda aloft and apery Chargeless banknote flows of our continuing operations.

Free Banknote Breeze from Discontinued Operations

Free banknote breeze from discontinued operations, as acclimated herein, represents net banknote provided by operating activities from discontinued operations beneath absolute basic expenditures, beneath payments on authorization obligations, beneath contributions to disinterestedness adjustment investments added distributions of basic from disinterestedness investments, and adapted for changes in belted banknote impacting alive capital. Chargeless banknote breeze from discontinued operations is a non-GAAP banking admeasurement that is presented as a added acknowledgment for allegorical purposes alone and is accommodated to net banknote provided by operating activities from discontinued operations, the best anon commensurable GAAP measure, in a agenda above.

Combined Chargeless Banknote Flow

Combined chargeless banknote flow, as acclimated herein, represents a non-GAAP banking admeasurement that combines Chargeless banknote flows from continuing operations and Chargeless banknote flows from discontinued operations and is presented as a added acknowledgment for allegorical purposes only.

EBITDA from Disinterestedness Investments

EBITDA from disinterestedness investments, as acclimated herein, represents our allotment of antithesis (loss) (whether or not broadcast to us) added assets tax expense, abrasion and acquittal bulk (inclusive of acquittal of payments fabricated to barter for LNS), absorption (income) expense, net, and added non-cash and abnormal items from our collective ventures and boyhood investees. EBITDA from disinterestedness investments is a non-GAAP banking admeasurement that is presented as added acknowledgment for allegorical purposes alone and is accommodated to antithesis (loss) of disinterestedness investments, the best anon commensurable GAAP measure, in a agenda above.

Net Debt and Net Debt Advantage Ratio

Net debt is authentic as absolute arch face bulk of debt outstanding, the best anon commensurable GAAP measure, beneath accumulated banknote and banknote equivalents. Arch face bulk of debt outstanding includes the face bulk of debt issued beneath Senior Secured Acclaim Facilities, Senior Addendum and Subordinated Notes, which are all declared in Agenda 15 of the Company’s Annual Address on Form 10-K for the year concluded December 31, 2020, but it does not accommodate continued appellation obligations beneath costs leases or $5 actor in accretion accustomed in 2019 from affairs completed in 2018 which are presented as debt. In addition, arch face bulk of debt outstanding with annual to the 2026 Secured Euro Addendum and 2026 Unsecured Euro Addendum are translated at the connected adopted barter bulk at arising of these addendum as those amounts abide payable at the aboriginal arising amounts in Euro. Net debt advantage ratio, as acclimated herein, represents Net debt disconnected by Accumulated AEBITDA (as authentic above).

SOURCE Scientific Amateur Corporation

www.scientificgames.com

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