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SGMS Scientific Games

Scientific Games Corporation is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology.

Company profile

Ticker
SGMS
Exchange
CEO
Matt Wilson
Employees
Incorporated
Location
Fiscal year end
Former names
AUTOTOTE CORP
SEC CIK
IRS number
810422894

SGMS stock data

(
)

Calendar

10 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.07B 1.07B 1.07B 1.07B 1.07B 1.07B
Cash burn (monthly) 26M (positive/no burn) (positive/no burn) 26M (positive/no burn) (positive/no burn)
Cash used (since last report) 101.63M n/a n/a 101.63M n/a n/a
Cash remaining 963.37M n/a n/a 963.37M n/a n/a
Runway (months of cash) 37.1 n/a n/a 37.1 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jun 21 Cottle Barry L RSU Common Stock Grant Aquire A No No 0 33,537 0 33,537
25 Jun 21 Sottile James RSU Common Stock Grant Aquire A No No 0 6,707 0 6,707
25 Jun 21 Matthew R. Wilson RSU Common Stock Grant Aquire A No No 0 7,187 0 7,187
25 Jun 21 Michael Eklund RSU Common Stock Grant Aquire A No No 0 7,187 0 7,187
25 Jun 21 Winterscheidt Michael RSU Common Stock Grant Aquire A No No 0 2,682 0 2,682

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 201 203 -1.0%
Opened positions 30 39 -23.1%
Closed positions 32 18 +77.8%
Increased positions 65 65
Reduced positions 73 69 +5.8%
13F shares
Current Prev Q Change
Total value 4.11B 3.61B +13.9%
Total shares 85.62M 87.76M -2.4%
Total puts 628K 841.1K -25.3%
Total calls 3.78M 7.42M -49.1%
Total put/call ratio 0.2 0.1 +46.7%
Largest owners
Shares Value Change
Caledonia 9.38M $361.37M 0.0%
Fine Capital Partners 9.12M $351.33M +0.1%
Vanguard 7.27M $280.07M +2.4%
BLK Blackrock 6.76M $260.52M +6.1%
MacAndrews & Forbes 3.96M $132.92M 0.0%
GS Goldman Sachs 3.48M $134.07M -0.3%
MS Morgan Stanley 2.96M $113.85M +2.9%
UBS UBS Group AG - Registered Shares 2.84M $109.42M -3.9%
Harvard Management 2.68M $103.18M 0.0%
Stone House Capital Management 2.5M $96.3M 0.0%
Largest transactions
Shares Bought/sold Change
Susquehanna International 610.24K -1.49M -70.9%
Norges Bank 0 -1.41M EXIT
Nantahala Capital Management 1.35M +1.11M +466.9%
Canada Pension Plan Investment Board 1.56M +799.7K +104.6%
Citadel Advisors 404.22K -720.61K -64.1%
Parallax Volatility Advisers 87.57K -627.15K -87.7%
ATAC Neuberger Berman 0 -559.61K EXIT
Royce & Associates 491K +390.9K +390.5%
BLK Blackrock 6.76M +387.74K +6.1%
Two Sigma Investments 423.06K -372.67K -46.8%

Financial report summary

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Risks
  • significantly disrupted our operations and adversely affected and continue to adversely affect our business, results of operations, cash flows and financial condition.
  • Our future results of operations may be negatively impacted by slow growth or declines in the replacement cycle of gaming machines and by the slow growth of new gaming jurisdictions or slow addition of casinos in existing jurisdictions.
  • We have foreign operations which expose us to business and legal risks, including compliance with anti-corruption laws, and a portion of our revenue and expenses are denominated in British Pounds Sterling, Australian Dollars and Euros, which subjects us to foreign currency exchange rate fluctuations and other risks.
  • Unfavorable U.S. and international economic conditions, or decreased discretionary spending or travel due to other factors such as terrorist activity or threat thereof, civil unrest, health epidemics, contagious disease outbreaks, or public perception
  • thereof or other economic or political uncertainties, have adversely affected our business, results of operations, cash flows and financial condition.
  • Our level of indebtedness could adversely affect our results of operations, cash flows and financial condition.
  • We may not have sufficient cash flows from operating activities, to service all of our indebtedness and other obligations, and may be forced to take other actions to satisfy our obligations, which may not be successful.
  • Agreements governing our indebtedness impose certain restrictions that may affect our ability to operate our business. Failure to comply with any of these restrictions could result in the acceleration of the maturity of our indebtedness and require us to make payments on our indebtedness. Were this to occur, we would not have sufficient cash to pay our accelerated indebtedness.
  • We may not have sufficient cash flows from operating activities, cash on hand and available borrowings under our credit agreement to finance required capital expenditures under new contracts and meet our other cash needs or satisfy our minimum liquidity covenant. These obligations require a significant amount of cash, which would reduce our available liquidity.
  • We operate in highly competitive industries, and our success depends on our ability to effectively compete with numerous domestic and foreign businesses.
  • We heavily depend on our ability to win, maintain and renew our customer contracts, including our long-term Lottery contracts, and we could lose substantial revenue if we are unable to renew certain of our contracts on substantially similar terms or at all.
  • Our success depends upon our ability to adapt to, and offer products and services that keep pace with, changing technology and evolving industry standards.
  • We invest significant resources in our R&D efforts, which may not lead to successful or commercially viable new technologies, services or products.
  • Our success depends on our ability to produce new and innovative products and services that respond to customer demand and create strong and sustained player appeal.
  • We may not succeed in realizing the anticipated benefits of our strategic equity investments and relationships.
  • We may not achieve some or all of the anticipated benefits of SciPlay being a standalone public company, which could negatively impact our business, financial condition and results of operation.
  • We depend on our suppliers and contract manufacturers, and any failure of these parties to meet our performance and quality standards or requirements could cause us to incur additional costs or lose customers.
  • Our SciPlay business largely depends upon our relationships with key third-party platform providers, who we rely on to make our games available to players and to collect revenue, and changes in those relationships could negatively impact our SciPlay business.
  • Our future results of operations may be negatively impacted by ownership changes and consolidation in the gaming industry, including by casino operators.
  • Our results of operations fluctuate due to seasonality and other factors and, therefore, our periodic operating results are not guarantees of future performance.
  • Our success depends on the security and integrity of the systems and products we offer, and security breaches or other disruptions could compromise our information or the information of our customers and expose us to liability, which would cause our business and reputation to suffer.
  • Our business depends on the protection of our intellectual property and proprietary information.
  • We rely on the ability to use the intellectual property rights of third parties.
  • We rely on information technology and other systems, and any failures in our systems or errors, defects or disruptions in our products and services could diminish our brand and reputation, subject us to liability and have disrupted and could disrupt our business and adversely impact our results.
  • If we or a company we acquire sustains cyber-attacks or other privacy or data security incidents that result in security breaches, we could suffer a loss of sales and increased costs, exposure to significant liability, reputational harm, regulatory fines or punishment and other negative consequences.
  • The intellectual property rights of others may prevent us from developing new products and services, entering new markets or may expose us to liability or costly litigation.
  • Failure of our technological blocking systems could result in violations of laws or regulations and have a material adverse effect on our operations, financial performance and prospects.
  • If we are unable to successfully implement our global enterprise resource planning system, it could disrupt our business or have a material adverse effect on our results of operations, cash flows and financial condition.
  • We and our industries are subject to strict government regulations that may limit our existing operations, have an adverse impact on our ability to grow and affect our license eligibility or expose us to fines or other penalties.
  • Legislative interpretation and enforcement of certain gaming or sports wagering activities could adversely affect financial performance and reputation.
  • We may not be able to capitalize on the expansion of internet or other forms of interactive gaming or other trends and changes in the gaming, lottery, social and digital gaming industries, including due to laws and regulations governing these industries.
  • The continuing uncertainty following the U.K.’s withdrawal from the EU may adversely affect our business.
  • Changes in tax laws or tax rulings, or the examination of our tax positions, including in light of recent stockholder transactions, could materially affect our financial condition and results of operations.
  • Gaming opponents persist in their efforts to curtail the expansion of legalized gaming, which, if successful, could limit the growth of our operations.
  • Regulators and investors may perceive gaming or sports wagering suppliers and operators similarly, and consider their respective regulatory risk to be similar.
  • Expectations of a shift to regulated online gaming or sports wagering may not come to fruition.
  • Data privacy and security laws and regulations in the jurisdictions in which we do business could increase the cost of our operations and subject us to possible sanctions and other penalties
  • We have incurred, and may continue to incur, restructuring costs, the benefits of which are unpredictable and may not be achieved.
  • We may incur additional impairment charges.
  • We depend on our key employees and rely on skilled employees with creative and technical backgrounds.
  • If we are not able to maintain adequate internal control over our financial reporting, it could adversely affect our reputation and business.
  • Our inability to complete acquisitions and integrate those businesses successfully could limit our growth or disrupt our plans and operations.
  • We are subject to risks related to corporate and social responsibility and reputation.
  • We could incur costs in the event of violations of, or liabilities under, environmental laws, which may adversely affect our business and our results of operations, cash flows and financial condition.
  • Litigation may adversely affect our business and our results of operations, cash flows and financial condition.
  • Failure to perform under our contracts may result in substantial monetary liquidated damages and contract termination.
  • We may be liable for product defects or other claims relating to our products.
  • Labor disputes and union organizing activities may have an adverse effect on our operations.
Management Discussion
  • disruptions. Gaming business segment 2020 revenue also reflects $36 million lower system revenues due to completion of certain Canadian systems launches that we benefited from in the prior year comparable period. Lottery revenue for 2020 was also negatively impacted by COVID-19 disruptions primarily impacting instant ticket sales, particularly during the first half of 2020.
  • SciPlay revenue increased by $116 million or 25 percent primarily due to continued growth in our mobile platform business and increased player engagement as a result of the stay at home measures across North America and other countries coupled with the ongoing popularity of Jackpot Party Casino, Gold Fish Casino, Quick Hits Slots, and MONOPOLY Slots.
  • Digital revenue increased by $23 million or 8 percent primarily due to increased Gaming revenue that benefited from increased free time and stay at home measures as a result of COVID-19 disruptions coupled with growth in Sports due to higher license revenue from key customer renewals and growth in the U.S. market.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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