SGMS Scientific Games

cientific Games Corporation (NASDAQ: SGMS) 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
Website
CEO
Barry Cottle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AUTOTOTE CORP
SEC CIK
Corporate docs
IRS number
810422894
SGMS stock data
()
News
10 Consumer Discretionary Stocks Showing Unusual Options Activity In Today's Session
13 Apr 21
Scientific Games Highlights Launch Of Lottery Instant Game Sales In Grocery Checkout Line With Kentucky Lottery, Kroger, Blackhawk, No Terms Disclosed
30 Mar 21
Stocks That Hit 52-Week Highs On Tuesday
2 Mar 21
IGT, Scientific Games Sign Cross-Licensing Agreement For Cashless Gaming Intellectual Property
1 Mar 21
Scientific Games: Q4 Earnings Insights
1 Mar 21
Press releases
Victor Blanco to join Scientific Games as Chief Technology Officer
15 Apr 21
Scientific Games' OpenSports™ Technology Processes Record-Breaking 50 Million Bets During UK's Grand National Horse Racing Festival
12 Apr 21
Expected Economic Benefits Help Grow the Popularity of Online Gambling
1 Apr 21
Scientific Games Launches Lottery Instant Game Sales In Grocery Checkout Line With Kentucky Lottery, Kroger And Blackhawk
30 Mar 21
New Technologies Expand the Possibilities of Online Gambling
12 Mar 21
Calendar
1 Mar 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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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) | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 30.33M | 45.33M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | 108.24M | 161.77M | n/a | n/a |
Cash remaining | n/a | n/a | 1.03B | 981.23M | n/a | n/a |
Runway (months of cash) | n/a | n/a | 34.1 | 21.6 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 21 | Michael Eklund | RSU Common Stock | Grant | Aquire A | No | No | 0 | 7,186 | 0 | 7,186 |
22 Mar 21 | Michael Eklund | RSU Common Stock | Grant | Aquire A | No | No | 0 | 7,186 | 0 | 7,186 |
22 Mar 21 | Cottle Barry L | RSU Common Stock | Grant | Aquire A | No | No | 0 | 33,536 | 0 | 33,536 |
22 Mar 21 | Cottle Barry L | RSU Common Stock | Grant | Aquire A | No | No | 0 | 33,536 | 0 | 33,536 |
22 Mar 21 | Winterscheidt Michael | RSU Common Stock | Grant | Aquire A | No | No | 0 | 2,683 | 0 | 2,683 |
22 Mar 21 | Winterscheidt Michael | RSU Common Stock | Grant | Aquire A | No | No | 0 | 2,683 | 0 | 2,683 |
22 Mar 21 | Richardson Stephen E | RSU Common Stock | Grant | Aquire A | No | No | 0 | 2,913 | 0 | 2,913 |
22 Mar 21 | Richardson Stephen E | RSU Common Stock | Grant | Aquire A | No | No | 0 | 2,913 | 0 | 2,913 |
22 Mar 21 | McHugh Patrick J | RSU Common Stock | Grant | Aquire A | No | No | 0 | 5,749 | 0 | 5,749 |
22 Mar 21 | McHugh Patrick J | RSU Common Stock | Grant | Aquire A | No | No | 0 | 5,749 | 0 | 5,749 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
92.0% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 203 |
Opened positions | 39 |
Closed positions | 18 |
Increased positions | 65 |
Reduced positions | 69 |
13F shares |
Current |
---|---|
Total value | 3.61B |
Total shares | 87.76M |
Total puts | 841.1K |
Total calls | 7.42M |
Total put/call ratio | 0.1 |
Largest owners |
Shares | Value |
---|---|---|
Caledonia | 9.38M | $389.23M |
Fine Capital Partners | 9.11M | $378M |
Vanguard | 7.1M | $294.63M |
BLK Blackrock | 6.38M | $264.52M |
MacAndrews & Forbes | 3.96M | $132.92M |
GS Goldman Sachs | 3.49M | $144.82M |
UBS UBS Group AG - Registered Shares | 2.96M | $122.7M |
MS Morgan Stanley | 2.87M | $119.22M |
Harvard Management | 2.68M | $111.13M |
Stone House Capital Management | 2.5M | $103.73M |
Financial report summary
?Competition
Galaxy Gaming • Konami • Everi • Lightning Gaming • PlayAGS • Inspired Entertainment • International Game Technology • Flutter Entertainment • Aristocrat LeisureRisks
- 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 | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
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Removed:
aforementioned, announcement, bear, billable, borrowing, Century, coincide, Colorado, commencing, condensed, consummate, contemporaneously, Convertible, cushion, David, deceptive, defeasance, deleveraging, deliverable, determinable, disagree, discharge, discipline, discouraging, dispose, doubtful, dramatically, economy, EFX, element, ePrize, ESP, essential, executed, falling, finalized, Fox, Giant, hospitality, Indiana, inducement, input, Kennedy, Kevin, Lenc, lessee, MARGARITAVILLE, Meister, Multimedia, Nova, occurring, opportunistic, paragraph, Paul, PCS, person, Phantom, population, predatory, prescribed, proper, quoted, reconciling, representative, retrospectively, satisfaction, Scotia, Shanghai, Sheehan, Shield, show, Smail, spicerack, takeover, tender, TPE, Turner, Twentieth, unallocated, unconditionally, undelivered, Universe, VSOE, warranty, write
Financial reports
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
23 Jul 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
18 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Scientific Games Reports Fourth Quarter and Full Year 2020 Results
1 Mar 21
8-K
Departure of Directors or Certain Officers
26 Feb 21
8-K
Departure of Directors or Certain Officers
5 Feb 21
8-K
Departure of Directors or Certain Officers
4 Dec 20
8-K
Scientific Games Reports Third Quarter 2020 Results
4 Nov 20
8-K
Entry into a Material Definitive Agreement
8 Oct 20
8-K
Scientific Games Announces Tim Throsby to Serve As New Independent Member of the Board of Directors
28 Sep 20
8-K
Scientific Games Announces Institutional Investors, including
16 Sep 20
8-K
Departure of Directors or Certain Officers
25 Aug 20
8-K
Departure of Directors or Certain Officers
31 Jul 20
Registration and prospectus
8-A12B/A
Registration of securities on exchange (amended)
19 Jun 20
S-8
Registration of securities for employees
2 Aug 19
8-A12B/A
Registration of securities on exchange (amended)
9 Jan 18
POS AM
Prospectus update (post-effective amendment)
9 Jan 18
POS AM
Prospectus update (post-effective amendment)
9 Jan 18
POS AM
Prospectus update (post-effective amendment)
9 Jan 18
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Jan 18
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Jan 18
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Jan 18
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Jan 18
Proxies
PRE 14A
Preliminary proxy
5 Apr 21
DEFA14A
Additional proxy soliciting materials
29 May 20
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
28 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Apr 19
DEF 14A
Definitive proxy
29 Apr 19
DEFR14A
Revised proxy
8 May 18
DEF 14A
Definitive proxy
29 Apr 18
PRE 14A
Preliminary proxy
8 Apr 18
DEF 14A
Definitive proxy
19 Oct 17
Other
SD
Conflict minerals disclosure
22 May 20
SD
Conflict minerals disclosure
24 May 19
UPLOAD
Letter from SEC
26 Feb 19
CORRESP
Correspondence with SEC
25 Feb 19
SD
Conflict minerals disclosure
31 May 18
EFFECT
Notice of effectiveness
22 Jan 18
EFFECT
Notice of effectiveness
16 Jan 18
EFFECT
Notice of effectiveness
16 Jan 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
26 May 16
Ownership
4
SCIENTIFIC GAMES / Matthew R. Wilson ownership change
23 Mar 21
4
SCIENTIFIC GAMES / Michael Eklund ownership change
23 Mar 21
4
SCIENTIFIC GAMES / James Sottile ownership change
23 Mar 21
4
SCIENTIFIC GAMES / Patrick J McHugh ownership change
23 Mar 21
4
SCIENTIFIC GAMES / Stephen E Richardson ownership change
23 Mar 21
4
SCIENTIFIC GAMES / Michael Winterscheidt ownership change
23 Mar 21
4
SCIENTIFIC GAMES / BARRY L COTTLE ownership change
23 Mar 21
4
SCIENTIFIC GAMES / Matthew R. Wilson ownership change
2 Mar 21
SC 13G
SCIENTIFIC GAMES / Caledonia ownership change
16 Feb 21
SC 13G/A
SCIENTIFIC GAMES / Fine Capital Partners ownership change
12 Feb 21
Patents
APP
Utility
Card-handling Devices and Related Methods, Assemblies, and Components
8 Apr 21
A card-handling device may include a card intake, a card output, a card imaging device positioned between the card intake and the card output.
APP
Utility
Gaming Systems and Methods Using Image Analysis Authentication
8 Apr 21
A gaming terminal includes an input device, an image sensor, and logic circuitry.
APP
Utility
Gaming Systems and Methods for Dynamic Jackpot Administration
8 Apr 21
A gaming system includes a gaming machine for playing at least one casino wagering game, one or more electronic display devices, and game-logic circuitry.
GRANT
Design
Gaming terminal
6 Apr 21
Inventors: Robert J. Glenn, II, Paul M. Lesley, Christian L. Castro
GRANT
Utility
Card handling devices including multi-card storage compartments, and related methods
30 Mar 21
Card-handling devices may include a card input mechanism and a temporary card storage area positioned to receive cards from the card input mechanism.
Transcripts
2020 Q4
Earnings call transcript
2 Mar 21
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
11 May 20
2019 Q4
Earnings call transcript
18 Feb 20
2019 Q3
Earnings call transcript
8 Nov 19
2019 Q2
Earnings call transcript
2 Aug 19
2019 Q1
Earnings call transcript
7 May 19
2018 Q4
Earnings call transcript
21 Feb 19
2018 Q3
Earnings call transcript
8 Nov 18
Reddit threads
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - February 26th, 2021
26 Feb 21
Daily Discussion Thread - February 16th, 2021
16 Feb 21
Daily Discussion Thread - February 15th, 2021
15 Feb 21
Playboy is going public, and CEO says potential ‘is endless’
11 Feb 21
Second Quarter Results: 6 months into the /r/investing underrated stock survey and the average return was 72% (37% as a portfolio)
9 Feb 21
A story about the Dot Com bubble, some profit taking, exit strategies and money vs capital
6 Feb 21
WSB in a Nutshell
31 Jan 21
Daily Discussion Thread - November 4th, 2020
4 Nov 20
Daily Discussion Thread - November 3rd, 2020
3 Nov 20