Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries | 9 Months Ended |
Sep. 30, 2013 |
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries [Abstract] | ' |
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries | ' |
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries |
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We conduct substantially all of our business through our U.S. and foreign subsidiaries. SGI’s obligations under the Prior Credit Agreement, the 2020 Notes and the 2019 Notes are fully and unconditionally and jointly and severally guaranteed by Scientific Games Corporation (the "Parent Company") and our 100%-owned domestic subsidiaries other than SGI (the "Guarantor Subsidiaries"). Our 2018 Notes, which were issued by the Parent Company, are fully and unconditionally and jointly and severally guaranteed by our 100% owned domestic subsidiaries, including SGI. The guarantees of our 2020 Notes, 2019 Notes and 2018 Notes will terminate upon the following customary circumstances: (1) the sale or disposition of the capital stock of the guarantor (including by consolidation or merger of the guarantor into another person); (2) the liquidation or dissolution of the guarantor; (3) the defeasance or satisfaction and discharge of the notes; (4) the release of the guarantor from any guarantees of indebtedness of the Parent Company and SGI (or, in the case of the 2018 Notes, the release of the guarantor from any guarantees of indebtedness of the Parent Company); and (5) in the case of the 2020 Notes, the proper designation of the guarantor as an unrestricted subsidiary pursuant to the indenture governing the 2020 Notes. |
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Presented below is condensed consolidated financial information for (1) the Parent Company, (2) SGI, (3) the Guarantor Subsidiaries and (4) our 100%-owned foreign subsidiaries and our non-100%-owned domestic and foreign subsidiaries (collectively, the "Non-Guarantor Subsidiaries") as of September 30, 2013 and December 31, 2012 and for the three and nine months ended September 30, 2013 and 2012. The condensed consolidating financial information has been presented to show the nature of assets held, results of operations and cash flows of the Parent Company, SGI, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries reflecting the guarantee structures of our obligations as disclosed in Note 13 of the Notes to Consolidated Financial Statements in our 2012 Annual Report on Form 10-K for all periods presented. |
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The condensed consolidating financial information reflects the investments of the Parent Company in the Guarantor and Non-Guarantor Subsidiaries using the equity method of accounting. Corporate interest and administrative expenses have not been allocated to the subsidiaries. |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET |
As of September 30, 2013 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Assets | | | | | | | | | | | | | | | | | | |
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Cash and cash equivalents | | $ | 17,023 | | | $ | 102 | | | $ | — | | | $ | 61,990 | | | $ | (5,654 | ) | | $ | 73,461 | |
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Restricted cash | | — | | | — | | | — | | | 50 | | | — | | | 50 | |
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Accounts receivable, net | | — | | | 64,127 | | | 33,212 | | | 103,013 | | | — | | | 200,352 | |
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Inventories | | — | | | 30,996 | | | 15,899 | | | 32,361 | | | — | | | 79,256 | |
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Notes receivable | | — | | | — | | | | | | | | | — | | | — | |
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Other current assets | | 9,226 | | | 4,280 | | | 7,455 | | | 31,061 | | | — | | | 52,022 | |
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Property and equipment, net | | 7,797 | | | 140,790 | | | 41,568 | | | 184,914 | | | — | | | 375,069 | |
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Investment in subsidiaries | | 566,882 | | | 813,520 | | | — | | | 857,958 | | | (2,238,360 | ) | | — | |
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Goodwill | | — | | | 253,929 | | | 76,741 | | | 469,702 | | | — | | | 800,372 | |
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Intangible assets | | — | | | 41,053 | | | 33,440 | | | 17,617 | | | — | | | 92,110 | |
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Intercompany balances | | 34,169 | | | — | | | 340,481 | | | — | | | (374,650 | ) | | — | |
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Other assets | | 9,336 | | | 94,686 | | | 7,119 | | | 375,011 | | | (2,616 | ) | | 483,536 | |
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Total assets | | $ | 644,433 | | | $ | 1,443,483 | | | $ | 555,915 | | | $ | 2,133,677 | | | $ | (2,621,280 | ) | | $ | 2,156,228 | |
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Liabilities and stockholders’ equity | | | | | | | | | | | | | | | | | | |
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Current installments of long-term debt | | $ | — | | | $ | 6,280 | | | $ | — | | | $ | 4,805 | | | $ | — | | | $ | 11,085 | |
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Other current liabilities | | 23,571 | | | 57,783 | | | 38,059 | | | 95,738 | | | (5,662 | ) | | 209,489 | |
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Long-term debt, excluding current installments | | 250,000 | | | 1,194,970 | | | — | | | 3,081 | | | — | | | 1,448,051 | |
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Other non-current liabilities | | 16,223 | | | 28,878 | | | 28,653 | | | 59,210 | | | — | | | 132,964 | |
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Intercompany balances | | — | | | 167,078 | | | — | | | 207,590 | | | (374,668 | ) | | — | |
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Stockholders’ equity | | 354,639 | | | (11,506 | ) | | 489,203 | | | 1,763,253 | | | (2,240,950 | ) | | 354,639 | |
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Total liabilities and stockholders’ equity | | $ | 644,433 | | | $ | 1,443,483 | | | $ | 555,915 | | | $ | 2,133,677 | | | $ | (2,621,280 | ) | | $ | 2,156,228 | |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET |
As of December 31, 2012 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Assets | | | | | | | | | | | | | | | | | | |
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Cash and cash equivalents | | $ | 27,159 | | | $ | 201 | | | $ | — | | | $ | 82,834 | | | $ | (1,179 | ) | | $ | 109,015 | |
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Restricted cash | | — | | | — | | | — | | | 30,398 | | | — | | | 30,398 | |
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Accounts receivable, net | | — | | | 63,944 | | | 29,156 | | | 116,770 | | | — | | | 209,870 | |
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Inventories | | — | | | 25,411 | | | 16,063 | | | 29,781 | | | — | | | 71,255 | |
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Notes receivable | | 10,298 | | | — | | | — | | | — | | | — | | | 10,298 | |
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Other current assets | | 9,693 | | | 3,809 | | | 6,773 | | | 33,507 | | | — | | | 53,782 | |
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Property and equipment, net | | 5,727 | | | 154,243 | | | 32,957 | | | 183,950 | | | — | | | 376,877 | |
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Investment in subsidiaries | | 520,969 | | | 802,425 | | | — | | | 855,801 | | | (2,179,195 | ) | | — | |
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Goodwill | | — | | | 253,928 | | | 76,741 | | | 470,704 | | | — | | | 801,373 | |
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Intangible assets | | — | | | 42,000 | | | 20,367 | | | 21,924 | | | — | | | 84,291 | |
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Intercompany balances | | 79,735 | | | — | | | 302,396 | | | — | | | (382,131 | ) | | — | |
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Other assets | | 6,479 | | | 74,923 | | | 7,507 | | | 353,455 | | | (2,615 | ) | | 439,749 | |
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Total assets | | $ | 660,060 | | | $ | 1,420,884 | | | $ | 491,960 | | | $ | 2,179,124 | | | $ | (2,565,120 | ) | | $ | 2,186,908 | |
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Liabilities and stockholders’ equity | | | | | | | | | | | | | | | | | | |
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Current installments of long-term debt | | $ | — | | | $ | 6,280 | | | $ | — | | | $ | 10,178 | | | $ | — | | | $ | 16,458 | |
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Other current liabilities | | 28,485 | | | 58,473 | | | 35,436 | | | 118,682 | | | (1,187 | ) | | 239,889 | |
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Long-term debt, excluding current installments | | 250,000 | | | 1,199,247 | | | — | | | 2,461 | | | — | | | 1,451,708 | |
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Other non-current liabilities | | 16,784 | | | 25,560 | | | 12,174 | | | 59,544 | | | — | | | 114,062 | |
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Intercompany balances | | — | | | 136,402 | | | — | | | 245,748 | | | (382,150 | ) | | — | |
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Stockholders’ equity | | 364,791 | | | (5,078 | ) | | 444,350 | | | 1,742,511 | | | (2,181,783 | ) | | 364,791 | |
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Total liabilities and stockholders’ equity | | $ | 660,060 | | | $ | 1,420,884 | | | $ | 491,960 | | | $ | 2,179,124 | | | $ | (2,565,120 | ) | | $ | 2,186,908 | |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME |
Three Months Ended September 30, 2013 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Revenue | | $ | — | | | $ | 100,614 | | | $ | 20,347 | | | $ | 113,880 | | | $ | (434 | ) | | $ | 234,407 | |
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Cost of instant tickets, cost of services and cost of sales (1) | | — | | | 30,175 | | | 38,096 | | | 59,839 | | | (1,571 | ) | | 126,539 | |
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Selling, general and administrative | | 16,910 | | | 14,227 | | | 2,731 | | | 13,396 | | | (270 | ) | | 46,994 | |
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Depreciation and amortization | | 201 | | | 9,786 | | | 5,648 | | | 19,584 | | | — | | | 35,219 | |
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Operating (loss) income | | (17,111 | ) | | 46,426 | | | (26,128 | ) | | 21,061 | | | 1,407 | | | 25,655 | |
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Interest expense | | (5,321 | ) | | (19,651 | ) | | — | | | (153 | ) | | — | | | (25,125 | ) |
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Other (income) expense, net | | 1,253 | | | (44,862 | ) | | 45,049 | | | 3,303 | | | (1,407 | ) | | 3,336 | |
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Income (loss) before equity in income of subsidiaries, and income taxes | | (21,179 | ) | | (18,087 | ) | | 18,921 | | | 24,211 | | | — | | | 3,866 | |
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Equity in income (loss) of subsidiaries | | 23,639 | | | 18,813 | | | — | | | — | | | (42,452 | ) | | — | |
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Income tax expense | | 2,826 | | | 144 | | | 7 | | | 1,255 | | | — | | | 4,232 | |
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Net (loss) income from continuing operations | | $ | (366 | ) | | $ | 582 | | | $ | 18,914 | | | $ | 22,956 | | | $ | (42,452 | ) | | $ | (366 | ) |
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Net loss from discontinued operations | | $ | (85 | ) | | $ | — | | | $ | — | | | $ | (85 | ) | | $ | 85 | | | (85 | ) |
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Net (loss) income | | $ | (451 | ) | | $ | 582 | | | $ | 18,914 | | | $ | 22,871 | | | $ | (42,367 | ) | | $ | (451 | ) |
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Other comprehensive income (loss) | | 39,257 | | | (2,037 | ) | | (1 | ) | | 41,019 | | | (38,981 | ) | | 39,257 | |
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Comprehensive income (loss) | | $ | 38,806 | | | $ | (1,455 | ) | | $ | 18,913 | | | $ | 63,890 | | | $ | (81,348 | ) | | $ | 38,806 | |
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(1) Exclusive of depreciation and amortization. |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME |
Three Months Ended September 30, 2012 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Revenue | | $ | — | | | $ | 103,225 | | | $ | 14,005 | | | $ | 108,033 | | | $ | (626 | ) | | $ | 224,637 | |
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Cost of instant tickets, cost of services and cost of sales (1) | | — | | | 34,172 | | | 37,000 | | | 57,436 | | | (1,715 | ) | | 126,893 | |
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Selling, general and administrative | | 15,504 | | | 12,596 | | | 3,354 | | | 13,053 | | | (740 | ) | | 43,767 | |
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Employee termination and restructuring costs | | — | | | — | | | — | | | 1,817 | | | — | | | 1,817 | |
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Depreciation and amortization | | 150 | | | 7,803 | | | 4,996 | | | 22,706 | | | — | | | 35,655 | |
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Operating (loss) income | | (15,654 | ) | | 48,654 | | | (31,345 | ) | | 13,021 | | | 1,829 | | | 16,505 | |
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Interest expense | | (5,308 | ) | | (20,439 | ) | | — | | | (243 | ) | | — | | | (25,990 | ) |
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Other income (expense), net | | 1,655 | | | (58,177 | ) | | 45,292 | | | 3,953 | | | (1,829 | ) | | (9,106 | ) |
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(Loss) income before equity in income of subsidiaries, and income taxes | | (19,307 | ) | | (29,962 | ) | | 13,947 | | | 16,731 | | | — | | | (18,591 | ) |
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Equity in (loss) income of subsidiaries | | (1,622 | ) | | 13,741 | | | — | | | — | | | (12,119 | ) | | — | |
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Income tax expense | | 3,624 | | | 32 | | | — | | | 2,306 | | | — | | | 5,962 | |
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Net (loss) income from continuing operations | | $ | (24,553 | ) | | $ | (16,253 | ) | | $ | 13,947 | | | $ | 14,425 | | | $ | (12,119 | ) | | $ | (24,553 | ) |
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Net loss from discontinued operations | | (2,580 | ) | | — | | | — | | | (2,580 | ) | | 2,580 | | | (2,580 | ) |
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Net (loss) income | | $ | (27,133 | ) | | $ | (16,253 | ) | | $ | 13,947 | | | $ | 11,845 | | | $ | (9,539 | ) | | $ | (27,133 | ) |
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Other comprehensive income (loss) | | 27,020 | | | (204 | ) | | — | | | 27,141 | | | (26,937 | ) | | 27,020 | |
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Comprehensive income (loss) | | $ | (113 | ) | | $ | (16,457 | ) | | $ | 13,947 | | | $ | 38,986 | | | $ | (36,476 | ) | | $ | (113 | ) |
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(1) Exclusive of depreciation and amortization. |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME |
Nine Months Ended September 30, 2013 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Revenue | | $ | — | | | $ | 308,378 | | | $ | 42,254 | | | $ | 340,500 | | | $ | (2,093 | ) | | $ | 689,039 | |
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Cost of instant tickets, cost of services and cost of sales (1) | | — | | | 97,146 | | | 107,162 | | | 185,837 | | | (5,514 | ) | | 384,631 | |
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Selling, general and administrative | | 52,193 | | | 41,178 | | | 8,138 | | | 43,053 | | | (773 | ) | | 143,789 | |
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Employee termination and restructuring costs | | — | | | — | | | — | | | 331 | | | — | | | 331 | |
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Depreciation and amortization | | 524 | | | 28,396 | | | 16,671 | | | 65,461 | | | — | | | 111,052 | |
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Operating (loss) income | | (52,717 | ) | | 141,658 | | | (89,717 | ) | | 45,818 | | | 4,194 | | | 49,236 | |
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Interest expense | | (15,933 | ) | | (58,743 | ) | | (8 | ) | | (587 | ) | | — | | | (75,271 | ) |
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Other (income) expense, net | | 4,532 | | | (131,749 | ) | | 134,585 | | | 8,988 | | | (4,194 | ) | | 12,162 | |
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Income (loss) before equity in income of subsidiaries, and income taxes | | (64,118 | ) | | (48,834 | ) | | 44,860 | | | 54,219 | | | — | | | (13,873 | ) |
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Equity in income (loss) of subsidiaries | | 45,508 | | | 44,619 | | | — | | | — | | | (90,127 | ) | | — | |
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Income tax expense | | 6,426 | | | 313 | | | 7 | | | 4,417 | | | — | | | 11,163 | |
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Net (loss) income from continuing operations | | $ | (25,036 | ) | | $ | (4,528 | ) | | $ | 44,853 | | | $ | 49,802 | | | $ | (90,127 | ) | | $ | (25,036 | ) |
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Net loss from discontinued operations | | (1,543 | ) | | — | | | — | | | (1,543 | ) | | 1,543 | | | (1,543 | ) |
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Net (loss) income | | $ | (26,579 | ) | | $ | (4,528 | ) | | $ | 44,853 | | | $ | 48,259 | | | $ | (88,584 | ) | | $ | (26,579 | ) |
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Other comprehensive income (loss) | | 1,949 | | | (1,939 | ) | | — | | | 3,665 | | | (1,726 | ) | | 1,949 | |
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Comprehensive income (loss) | | $ | (24,630 | ) | | $ | (6,467 | ) | | $ | 44,853 | | | $ | 51,924 | | | $ | (90,310 | ) | | $ | (24,630 | ) |
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(1) Exclusive of depreciation and amortization. |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME |
Nine Months Ended September 30, 2012 |
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| | Parent | | SGI | | Guarantor | | Non-Guarantor | | Eliminating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries |
Revenue | | $ | — | | | $ | 314,053 | | | $ | 34,155 | | | $ | 336,474 | | | $ | (2,844 | ) | | $ | 681,838 | |
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Cost of instant tickets, cost of services and cost of sales (1) | | — | | | 100,277 | | | 105,747 | | | 182,712 | | | (6,066 | ) | | 382,670 | |
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Selling, general and administrative | | 46,152 | | | 41,503 | | | 9,922 | | | 40,109 | | | (2,157 | ) | | 135,529 | |
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Employee termination and restructuring costs | | — | | | — | | | — | | | 9,868 | | | — | | | 9,868 | |
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Depreciation and amortization | | 448 | | | 22,691 | | | 17,689 | | | 60,113 | | | — | | | 100,941 | |
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Operating (loss) income | | (46,600 | ) | | 149,582 | | | (99,203 | ) | | 43,672 | | | 5,379 | | | 52,830 | |
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Interest expense | | (15,915 | ) | | (58,215 | ) | | (1 | ) | | (942 | ) | | — | | | (75,073 | ) |
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Other income (expense), net | | 4,869 | | | (140,815 | ) | | 135,004 | | | 12,289 | | | (5,379 | ) | | 5,968 | |
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(Loss) income before equity in income of subsidiaries, and income taxes | | (57,646 | ) | | (49,448 | ) | | 35,800 | | | 55,019 | | | — | | | (16,275 | ) |
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Equity in (loss) income of subsidiaries | | (23,892 | ) | | 35,436 | | | — | | | — | | | (11,544 | ) | | — | |
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Income tax benefit (expense) | | (49,941 | ) | | 58,275 | | | — | | | 6,988 | | | — | | | 15,322 | |
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Net (loss) income from continuing operations | | $ | (31,597 | ) | | $ | (72,287 | ) | | $ | 35,800 | | | $ | 48,031 | | | $ | (11,544 | ) | | $ | (31,597 | ) |
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Net loss from discontinued operations | | (6,306 | ) | | — | | | — | | | (6,306 | ) | | 6,306 | | | (6,306 | ) |
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Net (loss) income | | $ | (37,903 | ) | | $ | (72,287 | ) | | $ | 35,800 | | | $ | 41,725 | | | $ | (5,238 | ) | | $ | (37,903 | ) |
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Other comprehensive income (loss) | | 24,583 | | | 1,114 | | | — | | | 23,545 | | | (24,659 | ) | | 24,583 | |
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Comprehensive income (loss) | | $ | (13,320 | ) | | $ | (71,173 | ) | | $ | 35,800 | | | $ | 65,270 | | | $ | (29,897 | ) | | $ | (13,320 | ) |
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(1) Exclusive of depreciation and amortization. |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
Nine Months Ended September 30, 2013 |
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| | Parent | | SGI | | Guarantor | | Non- | | Eliminating | | Consolidated |
Company | Subsidiaries | Guarantor | Entries |
| | Subsidiaries | |
Net cash (used in) provided by operating activities | | $ | (44,667 | ) | | $ | (16,086 | ) | | $ | 43,266 | | | $ | 113,180 | | | $ | — | | | $ | 95,693 | |
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Cash flows from investing activities: | | | | | | | | | | | | | | | | | | |
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Capital, lottery and gaming systems expenditures | | (5,464 | ) | | (20,461 | ) | | (24,345 | ) | | (62,073 | ) | | — | | | (112,343 | ) |
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Business acquisitions, net of cash acquired | | — | | | — | | | — | | | (396 | ) | | — | | | (396 | ) |
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Other assets and investments | | 9,853 | | | 13,984 | | | — | | | 36,287 | | | (64,266 | ) | | (4,142 | ) |
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Net cash (used in) provided by investing activities | | 4,389 | | | (6,477 | ) | | (24,345 | ) | | (26,182 | ) | | (64,266 | ) | | (116,881 | ) |
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Cash flows from financing activities: | | | | | | | | | | | | | | | | | | |
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Net proceeds (payments) on long-term debt | | — | | | (4,710 | ) | | — | | | (4,909 | ) | | — | | | (9,619 | ) |
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Net redemptions of common stock under stock-based compensation plans | | (2,138 | ) | | — | | | — | | | (64,266 | ) | | 64,266 | | | (2,138 | ) |
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Payments of financing fees | | — | | | (1,981 | ) | | — | | | — | | | — | | | (1,981 | ) |
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Other, principally intercompany balances | | 32,279 | | | 28,976 | | | (23,397 | ) | | (37,858 | ) | | — | | | — | |
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Net cash provided by (used in) financing activities | | 30,141 | | | 22,285 | | | (23,397 | ) | | (107,033 | ) | | 64,266 | | | (13,738 | ) |
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Effect of exchange rate changes on cash | | — | | | 179 | | | — | | | (807 | ) | | — | | | (628 | ) |
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Increase (decrease) in cash and cash equivalents | | (10,137 | ) | | (99 | ) | | (4,476 | ) | | (20,842 | ) | | — | | | (35,554 | ) |
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Cash and cash equivalents, beginning of period | | 27,160 | | | 201 | | | 2,378 | | | 79,276 | | | — | | | 109,015 | |
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Cash and cash equivalents, end of period | | $ | 17,023 | | | $ | 102 | | | $ | (2,098 | ) | | $ | 58,434 | | | $ | — | | | $ | 73,461 | |
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SCIENTIFIC GAMES CORPORATION AND SUBSIDIARIES |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
Nine Months Ended September 30, 2012 |
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| | | | | | | | | | | | | | | | | | | | | | | | |
| | Parent | | SGI | | Guarantor | | Non- | | Eliminating | | Consolidated |
Company | Subsidiaries | Guarantor | Entries |
| | Subsidiaries | |
Net cash (used in) provided by operating activities | | $ | (37,200 | ) | | $ | 1,041 | | | $ | 41,034 | | | $ | 103,011 | | | $ | 42 | | | $ | 107,928 | |
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Cash flows from investing activities: | | | | | | | | | | | | | | | | | | |
|
Capital, lottery and gaming systems expenditures | | (1,895 | ) | | (23,174 | ) | | (12,542 | ) | | (42,415 | ) | | — | | | (80,026 | ) |
|
Business acquisitions, net of cash acquired | | — | | | (1,000 | ) | | — | | | (22,989 | ) | | — | | | (23,989 | ) |
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Other assets and investments | | (193 | ) | | (20,820 | ) | | 156 | | | 109,208 | | | (71,636 | ) | | 16,715 | |
|
Net cash (used in) provided by investing activities | | (2,088 | ) | | (44,994 | ) | | (12,386 | ) | | 43,804 | | | (71,636 | ) | | (87,300 | ) |
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Cash flows from financing activities: | | | | | | | | | | | | | | | | | | |
|
Net payments on long-term debt | | — | | | 95,290 | | | — | | | (17,463 | ) | | — | | | 77,827 | |
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Net redemptions of common stock under stock-based compensation plans | | (4,797 | ) | | — | | | 5 | | | (71,650 | ) | | 71,645 | | | (4,797 | ) |
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Payments of financing fees | | — | | | (13,497 | ) | | — | | | — | | | — | | | (13,497 | ) |
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Purchase of treasury stock | | (47,401 | ) | | — | | | — | | | — | | | — | | | (47,401 | ) |
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Other, principally intercompany balances | | 128,351 | | | (37,773 | ) | | (29,126 | ) | | (61,401 | ) | | (51 | ) | | — | |
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Net cash (used in) provided by financing activities | | 76,153 | | | 44,020 | | | (29,121 | ) | | (150,514 | ) | | 71,594 | | | 12,132 | |
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Effect of exchange rate changes on cash | | — | | | 14 | | | — | | | (1,222 | ) | | — | | | (1,208 | ) |
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Increase (decrease) in cash and cash equivalents | | 36,865 | | | 81 | | | (473 | ) | | (4,921 | ) | | — | | | 31,552 | |
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Cash and cash equivalents, beginning of period | | 24,042 | | | 56 | | | 2,379 | | | 77,925 | | | — | | | 104,402 | |
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Cash and cash equivalents, end of period | | $ | 60,907 | | | $ | 137 | | | $ | 1,906 | | | $ | 73,004 | | | $ | — | | | $ | 135,954 | |
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