LONDON, March 17, 2016 /PRNewswire/ -- International
Game Technology PLC ("IGT") (NYSE:IGT) today reported financial
results for the fourth quarter and year ended December 31, 2015. Today, at 8:00 a.m. EDT / 12:00 p.m.
GMT / 1:00 p.m. CET,
management will host a conference call and webcast to present the
fourth quarter and full year 2015 results; access details are
provided below.
"We ended a year of transformation with a strong quarter for our
lottery and gaming operations, enabling us to reach the high end of
our EBITDA guidance," said Marco
Sala, CEO of IGT. "We established IGT as the global
gaming leader with a commitment to being a customer-first
organization and to deliver the content, technology, and expertise
that drives player demand. We are confident that we have
established a solid foundation from which we can continue to lead
the gaming industry and grow our business."
"Our financial and operational discipline is evidenced in our
fourth quarter and full year results," said Alberto Fornaro, CFO of IGT. "We achieved
our first-year synergy goals three months ahead of plan and have
increased our total cost synergy target. Strong free cash flow
resulted in a significant reduction in net debt and leverage. As we
look to 2016, we are forecasting growth for our core operations,
while incremental synergies are expected to mitigate certain
anticipated headwinds. Our financial condition is solid, placing us
in a strong position to pursue our growth objectives, continue to
reduce debt, and remunerate our shareholders."
Summary of Consolidated Fourth Quarter and Full Year
Financial Results
|
Reported
|
Pro
forma
|
|
|
|
|
|
|
|
Constant
|
Quarter Ended
December 31,
|
2015
|
2014
|
Change
|
2015
|
2014
|
Change
|
Currency
|
|
|
|
(%)
|
|
|
(%)
|
Change
(%)
|
(In US $ millions,
unless otherwise noted)
|
|
|
|
|
|
|
|
Revenue
|
1,365
|
951
|
44%
|
1,365
|
1,402
|
-3%
|
5%
|
Adjusted
EBITDA
|
449
|
321
|
40%
|
449
|
448
|
0%
|
8%
|
Adjusted Operating
Income
|
293
|
182
|
61%
|
293
|
268
|
9%
|
17%
|
Operating
Income
|
132
|
114
|
15%
|
132
|
178
|
-26%
|
-15%
|
Net income per
diluted share
|
0.37
|
(0.87)
|
NM
|
0.37
|
NA
|
|
|
Adjusted net income
(loss) per diluted share
|
0.63
|
(0.08)
|
NM
|
0.63
|
NA
|
|
|
Net debt
|
7,707
|
2,642
|
NM
|
7,707
|
NA
|
|
|
|
Reported
|
Pro
forma
|
|
|
|
|
|
|
|
Constant
|
Year Ended
December 31,
|
2015
|
2014
|
Change
|
2015
|
2014
|
Change
|
Currency
|
|
|
|
(%)
|
|
|
(%)
|
Change
(%)
|
(In US $ millions,
unless otherwise noted)
|
|
|
|
|
|
|
|
Revenue
|
4,689
|
3,812
|
23%
|
5,088
|
5,780
|
-12%
|
-4%
|
Adjusted
EBITDA
|
1,611
|
1,389
|
16%
|
1,704
|
2,027
|
-16%
|
-7%
|
Adjusted Operating
Income
|
1,043
|
855
|
22%
|
1,069
|
1,317
|
-19%
|
-9%
|
Operating
Income
|
540
|
715
|
-24%
|
533
|
1,083
|
-51%
|
-39%
|
Net income per
diluted share
|
(0.39)
|
0.49
|
NM
|
NA
|
NA
|
|
|
Adjusted net income
(loss) per diluted share
|
1.87
|
1.58
|
18%
|
NA
|
NA
|
|
|
Net debt
|
7,707
|
2,642
|
NM
|
7,707
|
NA
|
|
|
|
Note: Pro forma is
defined as the combined results of GTECH and legacy IGT for period
prior to the second quarter of 2015. Adjusted operating income,
adjusted EBITDA, and adjusted net income per diluted share are
non-GAAP financial measures. Reconciliations of non-GAAP
financial measures to the most directly comparable GAAP financial
measures are provided at the end of this news
release.
|
Comparability of Results
All figures presented in this news release are prepared under
U.S. GAAP, unless noted otherwise.
As a result of the combination of GTECH S.p.A. ("GTECH") and
International Game Technology ("legacy IGT"), which was completed
on April 7, 2015, a number of items
affect the comparability of reported results. Reported
financial information for the fourth quarter of 2015 includes the
results of operations of IGT for the entire period, while reported
financial information for the fourth quarter of 2014 includes only
GTECH operations. Reported financial information for the full year
2015 period includes IGT for the second, third, and fourth quarters
and only GTECH operations in the first quarter, while the reported
full year 2014 figures are for GTECH only. Pro forma figures
represent the combined results of both companies.
Adjusted figures exclude the impact of purchase price
amortization, impairment charges, restructuring expense, and
certain one-time, primarily transaction-related items.
Reconciliations to the most directly comparable U.S. GAAP
measures are included in the tables in this news release.
Reported 2015 results were adversely affected by the
strengthening of the U.S. dollar compared to the euro; the daily
average U.S. dollar to euro foreign exchange rate was 1.10 in the
fourth quarter of 2015 compared to 1.25 in the fourth quarter of
2014, and was 1.11 for the full year 2015 period compared to 1.33
in 2014. Constant currency changes for 2015 are calculated using
the same foreign exchange rates as the corresponding 2014
period.
Management believes that referring to certain pro forma,
constant currency, or adjusted measures is a more useful way to
evaluate the Company's underlying performance.
Overview of Consolidated Fourth Quarter Results
Reported consolidated revenue grew 44% to $1,365 million from $951
million in the fourth quarter of 2014, reflecting GTECH's
acquisition of legacy IGT. On a pro forma, constant currency basis,
consolidated revenue rose 5%. Revenue growth reflects strong gaming
product sales, continued progress toward stabilizing the global
casino installed base, and sustained lottery growth. During the
quarter, the Company sold 11,562 gaming machines worldwide and
global lottery same-store revenue, excluding Italy, increased 6%.
On a reported basis, adjusted EBITDA of $449 million was 40% above the fourth quarter of
2014. On a pro forma, constant currency basis, adjusted
EBITDA was 8% greater than the prior-year period as overall sales
growth was accentuated by synergy savings and certain one-time
items.
Reported operating income was $132
million compared to $114
million in the fourth quarter of 2014. On a pro forma,
constant currency basis, adjusted operating income was 17% above
the year-earlier period, supported by revenue growth and synergy
savings. Both adjusted EBITDA and operating income also benefited
from a multi-year value-added tax ("VAT") credit in Italy as well as the absence of lottery
management agreement ("LMA") penalties that negatively affected
operating income in the fourth quarter of 2014.
Interest expense was $119 million
compared to $75 million in the
prior-year period due to increased debt incurred to finance the
legacy IGT acquisition.
Net income attributable to IGT was $74
million in the fourth quarter of 2015. On an adjusted basis,
net income was $127 million. The
Company reported net income per diluted share of $0.37 and earned $0.63 per diluted share on an adjusted basis.
Cash from operations was $786
million in the full year period, inclusive of approximately
$160 million in one-time,
transaction-related costs. Capital expenditures were $403 million on a reported basis and $429 million on a pro forma basis in 2015.
Cash and cash equivalents were $627
million as of December 31,
2015, compared to $317 million
as of December 31, 2014.
At December 31, 2015, consolidated
shareholders' equity totaled $3,366
million and net debt was $7,707
million.
Operating Segment Review
North America Gaming &
Interactive
Revenue for the North America
Gaming & Interactive segment was $378
million compared to $45
million in the fourth quarter of 2014. On a pro forma basis,
revenue was 3% below the prior year, primarily due to negative
foreign currency effects; at constant currency, revenues were 1%
below the prior year.
Service revenue was $263 million
compared to $13 million in the
prior-year period. On a pro forma basis, service revenue declined
4%, primarily as a result of a lower installed base. On a
sequential basis, the installed base at North American casinos rose
by 181 units, the first sequential increase since June 2013. DoubleDown revenues rose 5% on strong
growth in bookings per daily average user and despite having six
fewer days in the quarter. Product sales were $115 million compared to $32 million in the fourth quarter of 2014. On a
pro forma, constant currency basis, product sales were 6% above the
prior year. The Company sold 6,597 machines compared to 5,482 units
in the fourth quarter of 2014. Product sales also benefited from
higher system sales during the fourth quarter of 2015.
Operating income for North America Gaming & Interactive was
$106 million compared to $8 million in the fourth quarter of 2014. On a
pro forma basis, North America Gaming & Interactive operating
income rose 3% as increased DoubleDown profits and synergy savings
more than offset unfavorable revenue mix impacts.
North America Lottery
Revenue for the North America
Lottery segment was $269 million in
the fourth quarter of 2015, 20% higher than the prior year on a
reported basis and 10% greater on a pro forma basis.
Service revenue increased 18% on a reported basis and was 8%
higher than the prior year on a pro forma basis, reflecting the net
impact of 6% same-store revenue growth, favorable LMA comparisons,
and the contribution from new contracts in Canada and Colorado. Strong instant ticket sales and
solid draw-based game performance were the primary drivers of
same-store revenue growth during the quarter. Powerball sales were
also strong in the period, although that growth was more than
offset by a decline in Mega Millions sales. Product sales of
$14 million in the quarter were
nearly double those in the fourth quarter of 2014, reflecting the
natural variability of the business.
Operating income for North America Lottery was $43 million compared to $17 million in the fourth quarter of 2014. On a
pro forma basis, operating income for North America Lottery rose
47% on favorable LMA comparisons and strong same-store revenue
growth.
International
International revenue was $265 million compared to $192 million in the fourth quarter of 2014 on a
reported basis. On a pro forma, constant currency basis,
International revenue increased 5% from the prior year, primarily
on strong gaming product sales.
International lottery same-store revenue was up approximately 4%
on continued strength in instant tickets and local draw-based
games. Lottery product sales were below the prior-year period on a
pro forma, constant currency basis due to unfavorable comparisons
with a large sale in Belgium in
the fourth quarter of 2014.
International gaming service revenue was below the fourth
quarter of 2014 on a pro forma, constant currency basis, primarily
due to a contraction in the installed base, principally as a result
of the conversion of leased units to product sales in Mexico over the last year. Revenue from gaming
product sales was significantly above the prior year on both a
reported and pro forma basis as the Company sold a total of 4,965
gaming machines internationally during the fourth quarter, with
particular strength in Latin
America.
International operating income was $55
million compared to $61
million in the fourth quarter of 2014. On a pro forma,
constant currency basis, International operating income was down
9%, primarily reflecting the mix of products and services sold
during the periods.
Italy
Revenue in the
Italy segment was $455 million compared to $489 million in the fourth quarter of 2014 due to
the strengthening of the U.S. dollar against the euro. Excluding
currency translation, Italian revenue rose 6% on underlying
operating expansion, primarily from machine gaming.
Total Lotto wagers in the quarter were €1,855 million, 6%
greater than the €1,746 million achieved in the prior-year period.
Strong Lotto performance was a result of low-teens growth in
10eLotto that was partially offset by lower late number activity.
Instant-ticket wagers were €2,391 million versus €2,436 million
last year, as several new product introductions have helped to
improve on the year-to-date trend.
Machine gaming service revenue rose 15% in constant currency, as
improved machine productivity and mix continue to offset lower AWP
units.
Operating income for Italy was
$132 million, 17% greater than the
fourth quarter of 2014 on a reported basis and 42% higher on a pro
forma, constant currency basis. Approximately half of the growth
in operating income reflects underlying performance
improvement and cost discipline despite unfavorable Stability Law
impacts. Operating income also benefited from the multi-year VAT
credit mentioned earlier and the favorable comparison with expenses
related to the sale of the ticketing business in the prior year
period.
Overview of Consolidated Full Year 2015 Results
Reported consolidated revenue was $4,689
million compared to $3,812
million in 2014. On a pro forma, constant currency basis,
consolidated revenue declined 4%, primarily reflecting lower gaming
product sales and service revenues that were partially offset by
growth in lottery and social gaming operations. During the year,
the Company sold 35,159 gaming machines worldwide and global
lottery same-store revenue, excluding Italy, increased 6%.
On a reported basis, adjusted EBITDA of $1,611 million was 16% greater than the 2014
level. Pro forma adjusted EBITDA was $1,704
million, which was at the high end of management's guidance
and included approximately $95
million in synergy savings.
Reported operating income was $540
million compared to $715
million in 2014. On a pro forma, constant currency basis,
adjusted operating income was 9% below 2014, primarily reflecting
weaker commercial gaming trends and higher taxes in Italy that were partially offset by synergy
savings.
Interest expense was $458 million
compared to $262 million in the
prior-year period due to increased debt incurred to finance the
legacy IGT acquisition.
Net loss attributable to IGT was $76
million in 2015. On an adjusted basis, net income was
$362 million. The Company reported a
net loss per diluted share of $0.39
but earned $1.87 per diluted share on
an adjusted basis in 2015.
Other Developments
The Company's Board of Directors has declared a quarterly cash
dividend of $0.20 per ordinary share.
The dividend is payable on April 14,
2016 to all shareholders of record as of the close of
business on March 31, 2016.
The Company also announced that, effective March 16, 2016, Tracey
Weber has stepped down as a member of its Board of
Directors. The Company's Board is now comprised of 12 members. As a
result of Ms. Weber's departure, Jeremy
Hanley has been appointed to the Company's Nominating and
Corporate Governance Committee. "On behalf of the IGT PLC
Board, I would like to thank Tracey for her valuable contributions
to the Company," said Phil Satre,
Chairman of the IGT PLC Board.
In a news release issued on March 16,
2016, the Company announced that it has entered into a
consortium of strategic and financial partners to bid for the
Italian Lotto concession. If the consortium is awarded the Lotto
concession, a joint venture company will be established. IGT,
through its Lottomatica subsidiary, will serve as the operating
partner with a 61.5% equity ownership of the joint venture.
Outlook
The Company's outlook assumes it is successful in securing the
Italian Lotto concession. The Company currently expects to achieve
adjusted EBITDA of $1,740-$1,790
million for the full year period, supported by growth in
core operations and using an average euro/dollar exchange rate of
1.10 versus 1.11 last year. A modest headwind is expected from
other currencies, notably the British pound, Australian dollar, and
certain Latin American currencies.
The Company has increased its cost synergy target to
$270 million from its prior
expectation of $230 million and
continues to expect revenue synergies of $50
million. Compared to 2015, at least $70 million in incremental synergies is included
in the EBITDA guidance for 2016. The synergies are expected to
mitigate the anticipated impacts of currency translation, higher
gaming machine taxes in Italy, and
a lower contribution from Lotto as a result of new concession
terms.
Capital expenditures excluding the Lotto concession are expected
to be $575-$625 million, including
lottery maintenance and gaming capital expenditures of
approximately $500 million and
approximately $100 million for
lottery growth capital. A successful renewal of the Italian Lotto
concession would require additional capital expenditures in 2016 of
at least $660 million at current
rates. Net debt is expected to be $7,700-$7,900 million at the end of 2016.
Conference Call and Webcast
Today, at 8:00 a.m. EDT /
12:00 p.m. GMT / 1:00 p.m. CET, management will host a conference
call to present the fourth quarter and full year 2015 results.
Listeners may access a live webcast of the conference call along
with accompanying slides under "News, Events and Presentations" on
IGT's Investor Relations website at www.IGT.com. A replay of the
webcast will be available on the website following the live event.
To listen by telephone, the dial in number is +44 (0) 20 3427 1904
for participants in the United
Kingdom and +1-646-254-3362 for listeners outside the
United Kingdom. The conference
ID/confirmation code is 6623346. A telephone replay of the call
will be available for one week at +44 (0) 20 3427 0598 or
+1-347-366-9565 using the conference ID/confirmation code
6623346.
About IGT
IGT (NYSE:IGT) is the global leader in
gaming. We enable players to experience their favorite games across
all channels and regulated segments, from Gaming Machines and
Lotteries to Interactive and Social Gaming. Leveraging a wealth of
premium content, substantial investment in innovation, in-depth
customer intelligence, operational expertise and leading-edge
technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established
local presence and relationships with governments and regulators in
more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and
responsibility. IGT has over 12,000 employees. For more
information, please visit www.IGT.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements (including within the meaning of the Private Securities
Litigation Reform Act of 1995) concerning IGT and other matters.
These statements may discuss goals, intentions and expectations as
to future plans, trends, events, dividends, results of operations
or financial condition, or otherwise, based on current beliefs of
the management of IGT as well as assumptions made by, and
information currently available to, such management.
Forward-looking statements may be accompanied by words such as
"aim," "anticipate," "believe," "plan," "could," "would," "should,"
"shall," "continue," "estimate," "expect," "forecast," "future,"
"guidance," "intend," "may," "will," "possible," "potential,"
"predict," "project" or the negative or other variations of them.
These forward-looking statements are subject to various risks and
uncertainties, many of which are outside IGT's control. Should one
or more of these risks or uncertainties materialize, or should any
of the underlying assumptions prove incorrect, actual results may
differ materially from those predicted in the forward-looking
statements and from past results, performance or achievements.
Therefore, you should not place undue reliance on the
forward-looking statements. Factors that could cause actual results
to differ materially from those in the forward-looking statements
include (but are not limited to) the possibility that that the
businesses of International Game Technology and GTECH S.p.A. will
not be integrated successfully, or that the combined companies will
not realize estimated cost savings, synergies, growth or other
anticipated benefits or that such benefits may take longer to
realize than expected; the possibility that the Company will be
unable to pay future dividends to shareholders or that the amount
of such dividends may be less than anticipated; the possibility
that IGT may not obtain its anticipated financial results in one or
more future periods; unanticipated costs of integration of the two
companies; reductions in customer spending; a slowdown in customer
payments and changes in customer demand for products and services;
unanticipated changes relating to competitive factors in the
industries in which the company operates; the Company's ability to
hire and retain key personnel; the impact of the consummation of
the business combination on relationships with third parties,
including customers, employees and competitors; the Company's
ability to attract new customers and retain existing customers in
the manner anticipated; reliance on and integration of information
technology systems; changes in legislation or governmental
regulations affecting the company; international, national or local
economic, social or political conditions that could adversely
affect the company or its customers; conditions in the credit
markets; risks associated with assumptions the company makes in
connection with its critical accounting estimates; the resolution
of pending and potential future legal, regulatory or tax
proceedings and investigations; and the company's international
operations, which are subject to the risks of currency fluctuations
and foreign exchange controls. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties that affect IGT's business,
including those described in IGT's annual report on Form 20-F for
the financial year ended December 31,
2014 and other documents filed from time to time with the
Securities and Exchange Commission (the "SEC"), which are available
on the SEC website at www.sec.gov and on the investor
relations section of IGT's website at www.IGT.com. Except as
required under applicable law, IGT does not assume any obligation
to update the forward-looking statements. Nothing in this news
release is intended, or is to be construed, as a profit forecast or
to be interpreted to mean that earnings per IGT share for the
current or any future financial years will necessarily match or
exceed the historical published earnings per IGT share, as
applicable. All forward-looking statements contained in this news
release are qualified in their entirety by this cautionary
statement. All subsequent written or oral forward-looking
statements attributable to IGT, or persons acting on its behalf,
are expressly qualified in their entirety by this cautionary
statement.
Contact:
Robert K. Vincent, Corporate
Communications, toll free in U.S./Canada (844) IGT-7452; outside
U.S./Canada (401) 392-7452
James Hurley, Investor Relations,
(401) 392-7190
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
Consolidated
Income Statements
|
|
|
|
|
|
|
|
|
|
|
|
For the three
months ended
|
|
|
December
31,
|
|
|
2015
|
|
2014
|
($ and shares in
thousands, except per share data)
|
|
Unaudited
|
Service
revenue
|
|
1,109,029
|
|
845,501
|
Product
sales
|
|
255,928
|
|
105,558
|
Total
revenue
|
|
1,364,957
|
|
951,059
|
|
|
|
|
|
Cost of
services
|
|
674,302
|
|
595,730
|
Cost of
sales
|
|
180,021
|
|
58,585
|
Selling, general and
administrative
|
|
242,997
|
|
107,252
|
Research and
development
|
|
84,552
|
|
27,088
|
Restructuring
expense
|
|
35,326
|
|
10,136
|
Impairment
loss
|
|
12,497
|
|
795
|
Transaction expense,
net
|
|
3,701
|
|
37,195
|
|
|
1,233,396
|
|
836,781
|
|
|
|
|
|
Operating
income
|
|
131,561
|
|
114,278
|
|
|
|
|
|
Interest
income
|
|
4,765
|
|
1,660
|
Equity income,
net
|
|
-
|
|
307
|
Other
income
|
|
2,659
|
|
3,252
|
Other
expense
|
|
(4,733)
|
|
(110,074)
|
Foreign exchange
gain, net
|
|
91,105
|
|
1,597
|
Interest
expense
|
|
(119,334)
|
|
(75,295)
|
|
|
(25,538)
|
|
(178,553)
|
|
|
|
|
|
Income (loss)
before income tax expense
|
|
106,023
|
|
(64,275)
|
|
|
|
|
|
Income tax
expense
|
|
22,990
|
|
85,859
|
|
|
|
|
|
Net income
(loss)
|
|
83,033
|
|
(150,134)
|
|
|
|
|
|
Less: Net income
attributable to non-controlling interests
|
|
9,533
|
|
479
|
|
|
|
|
|
Net income (loss)
attributable to IGT
|
|
73,500
|
|
(150,613)
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to IGT per ordinary share - basic
|
0.37
|
|
(0.87)
|
Net income (loss)
attributable to IGT per ordinary share - diluted
|
0.37
|
|
(0.87)
|
|
|
|
|
|
Weighted-average
shares - basic
|
|
199,862
|
|
173,069
|
Weighted-average
shares - diluted
|
|
200,731
|
|
173,069
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
Consolidated
Income Statements
|
|
|
|
|
|
|
|
|
|
|
|
For the years
ended
|
|
|
December
31,
|
|
|
2015
|
|
2014
|
($ and shares in
thousands, except per share data)
|
|
Unaudited
|
Service
revenue
|
|
3,977,693
|
|
3,489,969
|
Product
sales
|
|
711,363
|
|
322,342
|
Total
revenue
|
|
4,689,056
|
|
3,812,311
|
|
|
|
|
|
Cost of
services
|
|
2,417,315
|
|
2,324,043
|
Cost of
sales
|
|
520,343
|
|
190,454
|
Selling, general and
administrative
|
|
795,252
|
|
413,001
|
Research and
development
|
|
277,401
|
|
108,175
|
Restructuring
expense
|
|
76,896
|
|
23,654
|
Impairment
loss
|
|
12,497
|
|
2,597
|
Transaction expense,
net
|
|
49,396
|
|
35,336
|
|
|
4,149,100
|
|
3,097,260
|
|
|
|
|
|
Operating
income
|
|
539,956
|
|
715,051
|
|
|
|
|
|
Interest
income
|
|
17,681
|
|
4,765
|
Equity income (loss),
net
|
|
207
|
|
(2,114)
|
Other
income
|
|
6,939
|
|
7,650
|
Other
expense
|
|
(129,441)
|
|
(119,129)
|
Foreign exchange gain
(loss), net
|
|
5,611
|
|
(3,786)
|
Interest
expense
|
|
(457,984)
|
|
(262,220)
|
|
|
(556,987)
|
|
(374,834)
|
|
|
|
|
|
Income (loss)
before income tax expense
|
|
(17,031)
|
|
340,217
|
|
|
|
|
|
Income tax
expense
|
|
38,896
|
|
240,413
|
|
|
|
|
|
Net income
(loss)
|
|
(55,927)
|
|
99,804
|
|
|
|
|
|
Less: Net income
attributable to non-controlling interests
|
|
19,647
|
|
13,642
|
|
|
|
|
|
Net income (loss)
attributable to IGT
|
|
(75,574)
|
|
86,162
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to IGT per ordinary share -basic
|
|
(0.39)
|
|
0.50
|
Net income (loss)
attributable to IGT per ordinary share - diluted
|
(0.39)
|
|
0.49
|
|
|
|
|
|
Weighted-average
shares - basic
|
|
192,398
|
|
173,792
|
Weighted-average
shares - diluted
|
|
192,398
|
|
174,490
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
Condensed
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December
31,
|
|
December
31,
|
|
2015
|
|
2014
|
($
thousands)
|
Unaudited
|
ASSETS
|
|
|
|
Cash and cash
equivalents
|
627,484
|
|
317,106
|
Restricted
cash
|
169,101
|
|
108,115
|
Trade and other
receivables
|
959,592
|
|
919,606
|
Inventories
|
269,982
|
|
184,593
|
Other current
assets
|
423,701
|
|
211,786
|
Income taxes
receivable
|
35,514
|
|
6,628
|
Total current
assets
|
2,485,374
|
|
1,747,834
|
|
|
|
|
Systems, equipment
and other assets related to contracts, net
|
1,127,518
|
|
1,086,426
|
Property, plant and
equipment, net
|
349,677
|
|
123,542
|
Goodwill
|
6,830,499
|
|
3,958,881
|
Intangible and other
assets, net
|
4,273,550
|
|
1,500,835
|
Deferred income
taxes
|
48,074
|
|
50,530
|
Total non-current
assets
|
12,629,318
|
|
6,720,214
|
|
|
|
|
TOTAL
ASSETS
|
15,114,692
|
|
8,468,048
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
LIABILITIES
|
|
|
|
Accounts
payable
|
1,057,860
|
|
1,241,037
|
Other current
liabilities
|
922,586
|
|
862,357
|
Current portion of
long-term debt
|
160
|
|
849,600
|
Short-term
borrowings
|
-
|
|
10,800
|
Income taxes
payable
|
30,020
|
|
20,892
|
Total current
liabilities
|
2,010,626
|
|
2,984,686
|
|
|
|
|
Long-term debt, less
current portion
|
8,334,013
|
|
2,099,071
|
Deferred income
taxes
|
941,150
|
|
236,154
|
Other non-current
liabilities
|
462,493
|
|
200,417
|
Total non-current
liabilities
|
9,737,656
|
|
2,535,642
|
|
|
|
|
TOTAL
LIABILITIES
|
11,748,282
|
|
5,520,328
|
|
|
|
|
COMMITMENTS AND
CONTINGENCIES
|
-
|
|
-
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
3,366,410
|
|
2,947,720
|
|
|
|
|
TOTAL LIABILITIES
AND SHAREHOLDERS' EQUITY
|
15,114,692
|
|
8,468,048
|
International Game
Technology PLC and Subsidiaries
|
|
Consolidated
Statements of Cash Flows
|
|
|
|
|
|
|
|
|
For the years
ended
|
|
December
31,
|
|
2015
|
|
2014
|
($
thousands)
|
Unaudited
|
Cash flows from
operating activities
|
|
|
|
Net income
(loss)
|
(55,927)
|
|
99,804
|
Adjustments
for:
|
|
|
|
Amortization
|
410,264
|
|
148,823
|
Depreciation
|
369,564
|
|
323,729
|
Service revenue
amortization
|
107,812
|
|
126,253
|
Net expense in
connection with the early extinguishment of debt
|
73,806
|
|
88,628
|
Debt issuance cost
amortization
|
40,366
|
|
48,604
|
Share-based payment
expense
|
36,067
|
|
13,823
|
Impairment
loss
|
12,497
|
|
2,597
|
Other
|
45,015
|
|
38,398
|
Cash flows before
changes in operating assets and liabilities
|
1,039,464
|
|
890,659
|
Changes in operating
assets and liabilities:
|
|
|
|
Trade and other
receivables
|
83,218
|
|
171,258
|
Inventories
|
72
|
|
3,620
|
Accounts
payable
|
(53,762)
|
|
(20,184)
|
Other assets and
liabilities
|
(282,995)
|
|
20,557
|
Net cash flows
from operating activities
|
785,997
|
|
1,065,910
|
|
|
|
|
Cash flows from
investing activities
|
|
|
|
Acquisition of IGT,
net of cash acquired
|
(3,241,415)
|
|
-
|
Capital
expenditures
|
(402,634)
|
|
(335,220)
|
Proceeds from sale of
assets
|
230,587
|
|
1,390
|
Jackpot annuity
investments, net
|
29,416
|
|
-
|
Other
|
22,523
|
|
13,705
|
Net cash flows
used in investing activities
|
(3,361,523)
|
|
(320,125)
|
|
|
|
|
Cash flows from
financing activities
|
|
|
|
Proceeds from
issuance of long-term debt
|
6,521,991
|
|
897,115
|
Proceeds from
interest rate swaps
|
67,773
|
|
15,294
|
Capital increase -
non-controlling interest
|
9,049
|
|
7,789
|
Treasury shares
purchased
|
-
|
|
(53,161)
|
Acquisition of
non-controlling interest
|
-
|
|
(99,726)
|
Net (payments of)
receipts from financial liabilities
|
(21,539)
|
|
58,911
|
Payments in
connection with note consents
|
(29,022)
|
|
(6,773)
|
Dividends paid -
non-controlling interest
|
(29,156)
|
|
(45,561)
|
Return of capital -
non-controlling interest
|
(30,568)
|
|
(74,441)
|
Payments on bridge
facility
|
(51,409)
|
|
(63,999)
|
Payments in
connection with the early extinguishment of debt
|
(79,526)
|
|
(88,628)
|
Debt issuance costs
paid
|
(84,859)
|
|
(23,542)
|
Dividends
paid
|
(209,394)
|
|
(177,608)
|
Payments to
withdrawing shareholders
|
(407,759)
|
|
-
|
Principal payments on
long-term debt
|
(2,714,867)
|
|
(1,295,575)
|
Other
|
(20,353)
|
|
(9,030)
|
Net cash flows
provided by (used in) financing activities
|
2,920,361
|
|
(958,935)
|
|
|
|
|
Net increase in cash
and cash equivalents
|
344,835
|
|
(213,150)
|
Effect of exchange
rate changes on cash
|
(34,457)
|
|
(47,752)
|
Cash and cash
equivalents at the beginning of the period
|
317,106
|
|
578,008
|
Cash and cash
equivalents at the end of the period
|
627,484
|
|
317,106
|
International Game
Technology PLC and Subsidiaries
|
|
|
Net
Debt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31,
|
|
December
31,
|
($
thousands)
|
2015
|
|
2014
|
Long-term debt,
less current portion
|
|
|
|
Senior Secured
Notes
|
4,809,999
|
|
-
|
Term Loan
Facilities
|
866,785
|
|
-
|
Revolving Credit
Facilities
|
834,968
|
|
876,505
|
Notes due February
2018
|
533,915
|
|
590,557
|
Notes due June
2019
|
530,009
|
|
-
|
Notes due March
2020
|
520,649
|
|
575,270
|
Notes due June
2020
|
126,833
|
|
-
|
Notes due October
2023
|
61,303
|
|
-
|
Capital
Securities
|
49,472
|
|
54,975
|
Other
|
80
|
|
1,764
|
|
8,334,013
|
|
2,099,071
|
|
|
|
|
Current portion of
long-term debt
|
160
|
|
849,600
|
Short-term
borrowings
|
-
|
|
10,800
|
|
|
|
|
Total
debt
|
8,334,173
|
|
2,959,471
|
|
|
|
|
Cash and cash
equivalents
|
627,484
|
|
317,106
|
|
|
|
|
Net
debt
|
7,706,689
|
|
2,642,365
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
|
|
|
Operating Metrics
and Reconciliations
|
|
|
|
|
|
|
|
($ and shares in
thousands, except per share data)
|
|
|
|
|
|
|
|
|
|
For the three
months ended
|
|
|
December
31,
|
|
Change
|
|
|
2015
|
|
2014
|
|
$
|
|
%
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
1,364,957
|
|
951,059
|
|
413,898
|
|
43.5
|
Adjusted
EBITDA
|
|
448,797
|
|
320,977
|
|
127,820
|
|
39.8
|
Operating
income
|
|
131,561
|
|
114,278
|
|
17,283
|
|
15.1
|
Adjusted Operating
income
|
|
293,430
|
|
182,307
|
|
111,123
|
|
61.0
|
Net income (loss)
attributable to IGT
|
|
73,500
|
|
(150,613)
|
|
224,113
|
|
148.8
|
Adjusted Net income
(loss) attributable to IGT
|
|
127,363
|
|
(13,892)
|
|
141,255
|
|
>500.0
|
Net income (loss)
attributable to IGT per ordinary share - diluted
|
|
0.37
|
|
(0.87)
|
|
1.24
|
|
142.5
|
Adjusted Net income
(loss) attributable to IGT per ordinary share - diluted
|
|
0.63
|
|
(0.08)
|
|
0.71
|
|
>500.0
|
Weighted average
shares - diluted
|
|
200,731
|
|
173,069
|
|
27,662
|
|
16.0
|
|
|
|
|
|
|
|
|
|
Reconciliations of
Non-GAAP Financial Measures
|
|
|
|
|
|
|
|
|
|
|
|
For the three
months ended
|
|
|
December
31,
|
|
Change
|
|
|
2015
|
|
2014
|
|
$
|
|
%
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
83,033
|
|
(150,134)
|
|
233,167
|
|
155.3
|
Income tax
expense
|
|
22,990
|
|
85,859
|
|
(62,869)
|
|
(73.2)
|
Other expense,
net
|
|
25,538
|
|
178,553
|
|
(153,015)
|
|
(85.7)
|
Depreciation
|
|
109,888
|
|
80,446
|
|
29,442
|
|
36.6
|
Amortization
|
|
124,000
|
|
38,867
|
|
85,133
|
|
219.0
|
Transaction expense,
net (1)
|
|
3,701
|
|
37,195
|
|
(33,494)
|
|
(90.0)
|
Service revenue
amortization
|
|
26,634
|
|
29,929
|
|
(3,295)
|
|
(11.0)
|
Non-cash purchase
accounting (excluding D&A)
|
|
1,855
|
|
-
|
|
1,855
|
|
-
|
Restructuring
expense
|
|
35,326
|
|
10,136
|
|
25,190
|
|
248.5
|
Stock
compensation
|
|
3,335
|
|
9,331
|
|
(5,996)
|
|
(64.3)
|
Impairment
loss
|
|
12,497
|
|
795
|
|
11,702
|
|
>500.0
|
Adjusted
EBITDA
|
|
448,797
|
|
320,977
|
|
127,820
|
|
39.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
|
131,561
|
|
114,278
|
|
17,283
|
|
15.1
|
Purchase
accounting
|
|
110,345
|
|
19,903
|
|
90,442
|
|
454.4
|
Transaction expense,
net (1)
|
|
3,701
|
|
37,195
|
|
(33,494)
|
|
(90.0)
|
Restructuring
expense
|
|
35,326
|
|
10,136
|
|
25,190
|
|
248.5
|
Impairment
loss
|
|
12,497
|
|
795
|
|
11,702
|
|
>500.0
|
Adjusted Operating
income
|
|
293,430
|
|
182,307
|
|
111,123
|
|
61.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to IGT
|
|
73,500
|
|
(150,613)
|
|
224,113
|
|
148.8
|
Purchase
accounting
|
|
127,411
|
|
19,294
|
|
108,117
|
|
>500.0
|
Impairment
loss
|
|
12,497
|
|
795
|
|
11,702
|
|
>500.0
|
Debt
extinguishment
|
|
-
|
|
106,203
|
|
(106,203)
|
|
(100.0)
|
Foreign exchange
gain, net
|
|
(91,105)
|
|
(1,597)
|
|
(89,508)
|
|
>500.0
|
Transaction expense,
net (1)
|
|
3,701
|
|
37,195
|
|
(33,494)
|
|
(90.0)
|
Restructuring
expense
|
|
35,326
|
|
10,136
|
|
25,190
|
|
248.5
|
Income tax
benefit
|
|
(33,967)
|
|
(35,305)
|
|
1,338
|
|
3.8
|
Adjusted Net
income (loss) attributable to IGT
|
|
127,363
|
|
(13,892)
|
|
141,255
|
|
>500.0
|
|
|
|
|
|
|
|
|
|
Weighted average
shares - diluted
|
|
200,731
|
|
173,069
|
|
27,662
|
|
16.0
|
Dilutive
shares
|
|
-
|
|
923
|
|
(923)
|
|
(100.0)
|
Adjusted weighted
average shares - diluted (2)
|
|
200,731
|
|
173,992
|
|
26,739
|
|
15.4
|
|
|
|
|
|
|
|
|
|
Adjusted Net
income (loss) attributable to IGT per ordinary share -
diluted
|
|
0.63
|
|
(0.08)
|
|
0.71
|
|
>500.0
|
|
|
|
|
|
|
|
|
|
(1) Transaction
expense, net is composed of transaction costs on significant
business combinations and significant gains and losses incurred on
disposals of group entities or businesses. These items are only
incidentally related to our ordinary activities, are not expected
to occur frequently and hinder comparability of our
period-over-period performance. We believe separate identification
allows users of the financial statements to take them into
appropriate consideration when analyzing our
performance.
|
|
|
|
|
|
|
|
|
|
(2) Includes dilutive
shares that are excluded from the diluted earnings per share
computation as the impact would be anti-dilutive due to the loss
incurred during the fourth quarter of 2014.
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
|
|
|
Operating Metrics
and Reconciliations
|
|
|
|
|
|
|
|
($ and shares in
thousands, except per share data)
|
|
|
|
|
|
|
|
|
|
For the years
ended
|
|
|
December
31,
|
|
Change
|
|
|
2015
|
|
2014
|
|
$
|
|
%
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
4,689,056
|
|
3,812,311
|
|
876,745
|
|
23.0
|
Adjusted
EBITDA
|
|
1,610,685
|
|
1,389,266
|
|
221,419
|
|
15.9
|
Operating
income
|
|
539,956
|
|
715,051
|
|
(175,095)
|
|
(24.5)
|
Adjusted Operating
income
|
|
1,043,176
|
|
854,843
|
|
188,333
|
|
22.0
|
Net income (loss)
attributable to IGT
|
|
(75,574)
|
|
86,162
|
|
(161,736)
|
|
(187.7)
|
Adjusted Net income
attributable to IGT
|
|
361,964
|
|
275,462
|
|
86,502
|
|
31.4
|
Net income (loss)
attributable to IGT per ordinary share - diluted
|
|
(0.39)
|
|
0.49
|
|
(0.88)
|
|
(179.6)
|
Adjusted Net income
attributable to IGT per ordinary share - diluted
|
|
1.87
|
|
1.58
|
|
0.29
|
|
18.4
|
Weighted average
shares - diluted
|
|
192,398
|
|
174,490
|
|
17,908
|
|
10.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliations of
Non-GAAP Financial Measures
|
|
|
|
|
|
|
|
|
|
|
|
For the years
ended
|
|
|
December
31,
|
|
Change
|
|
|
2015
|
|
2014
|
|
$
|
|
%
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
(55,927)
|
|
99,804
|
|
(155,731)
|
|
(156.0)
|
Income tax
expense
|
|
38,896
|
|
240,413
|
|
(201,517)
|
|
(83.8)
|
Other expense,
net
|
|
556,987
|
|
374,834
|
|
182,153
|
|
48.6
|
Depreciation
|
|
369,564
|
|
323,729
|
|
45,835
|
|
14.2
|
Amortization
|
|
410,264
|
|
148,823
|
|
261,441
|
|
175.7
|
Service revenue
amortization
|
|
107,812
|
|
126,253
|
|
(18,441)
|
|
(14.6)
|
Transaction expense,
net (1)
|
|
49,396
|
|
35,336
|
|
14,060
|
|
39.8
|
Restructuring
expense
|
|
76,896
|
|
23,654
|
|
53,242
|
|
225.1
|
Non-cash purchase
accounting (excluding D&A)
|
|
23,100
|
|
-
|
|
23,100
|
|
-
|
Stock
compensation
|
|
21,200
|
|
13,823
|
|
7,377
|
|
53.4
|
Impairment
loss
|
|
12,497
|
|
2,597
|
|
9,900
|
|
381.2
|
Adjusted
EBITDA
|
|
1,610,685
|
|
1,389,266
|
|
221,419
|
|
15.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
|
539,956
|
|
715,051
|
|
(175,095)
|
|
(24.5)
|
Purchase
accounting
|
|
364,431
|
|
78,205
|
|
286,226
|
|
366.0
|
Transaction expense,
net (1)
|
|
49,396
|
|
35,336
|
|
14,060
|
|
39.8
|
Restructuring
expense
|
|
76,896
|
|
23,654
|
|
53,242
|
|
225.1
|
Impairment
loss
|
|
12,497
|
|
2,597
|
|
9,900
|
|
381.2
|
Adjusted Operating
income
|
|
1,043,176
|
|
854,843
|
|
188,333
|
|
22.0
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to IGT
|
|
(75,574)
|
|
86,162
|
|
(161,736)
|
|
(187.7)
|
Purchase
accounting
|
|
386,835
|
|
76,446
|
|
310,389
|
|
406.0
|
Impairment
loss
|
|
12,497
|
|
2,597
|
|
9,900
|
|
381.2
|
Debt
extinguishment
|
|
117,252
|
|
106,203
|
|
11,049
|
|
10.4
|
Foreign exchange loss
(gain), net
|
|
(5,611)
|
|
3,786
|
|
(9,397)
|
|
(248.2)
|
Transaction expense,
net (1)
|
|
49,396
|
|
35,336
|
|
14,060
|
|
39.8
|
Restructuring
expense
|
|
76,896
|
|
23,654
|
|
53,242
|
|
225.1
|
Income tax
benefit
|
|
(199,727)
|
|
(58,722)
|
|
(141,005)
|
|
(240.1)
|
Adjusted Net
income attributable to IGT
|
|
361,964
|
|
275,462
|
|
86,502
|
|
31.4
|
|
|
|
|
|
|
|
|
|
Weighted average
shares - diluted
|
|
192,398
|
|
174,490
|
|
17,908
|
|
10.3
|
Dilutive
shares
|
|
1,161
|
|
-
|
|
1,161
|
|
-
|
Adjusted weighted
average shares - diluted (2)
|
|
193,559
|
|
174,490
|
|
19,069
|
|
10.9
|
|
|
|
|
|
|
|
|
|
Adjusted Net
income attributable to IGT per ordinary share -
diluted
|
|
1.87
|
|
1.58
|
|
0.29
|
|
18.4
|
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities
|
|
785,997
|
|
1,065,910
|
|
(279,913)
|
|
(26.3)
|
Capital
expenditures
|
|
(402,634)
|
|
(335,220)
|
|
(67,414)
|
|
(20.1)
|
Free Cash
Flow
|
|
383,363
|
|
730,690
|
|
(347,327)
|
|
(47.5)
|
|
|
|
|
|
|
|
|
|
(1) Transaction
expense, net is composed of transaction costs on significant
business combinations and significant gains and losses incurred on
disposals of group entities or businesses. These items are only
incidentally related to our ordinary activities, are not expected
to occur frequently and hinder comparability of our
period-over-period performance. We believe separate identification
allows users of the financial statements to take them into
appropriate consideration when analyzing our
performance.
|
|
(2) Includes dilutive
shares that are excluded from the diluted earnings per share
computation as the impact would be anti-dilutive due to the loss
incurred in 2015.
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
|
Segment
Information
|
|
|
|
|
|
|
|
($ in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three
months ended December 31,
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
Segments
|
Revenue
|
|
Operating
income
|
North America Gaming
& Interactive
|
377,686
|
|
44,970
|
|
106,428
|
|
8,374
|
North America
Lottery
|
269,181
|
|
224,380
|
|
42,506
|
|
17,220
|
International
|
265,085
|
|
192,100
|
|
54,955
|
|
60,673
|
Italy
|
454,625
|
|
489,428
|
|
132,413
|
|
113,313
|
|
1,366,577
|
|
950,878
|
|
336,302
|
|
199,580
|
|
|
|
|
|
|
|
|
Corporate
support
|
-
|
|
-
|
|
(94,396)
|
|
(65,398)
|
Purchase
accounting
|
(1,620)
|
|
182
|
|
(110,345)
|
|
(19,903)
|
|
1,364,957
|
|
951,060
|
|
131,561
|
|
114,279
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years
ended December 31,
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
Segments
|
Revenue
|
|
Operating
income
|
North America Gaming
& Interactive
|
1,101,807
|
|
132,501
|
|
294,256
|
|
1,054
|
North America
Lottery
|
1,045,670
|
|
940,097
|
|
182,615
|
|
74,293
|
International
|
853,074
|
|
630,629
|
|
164,949
|
|
156,295
|
Italy
|
1,704,046
|
|
2,108,362
|
|
554,937
|
|
711,881
|
|
4,704,597
|
|
3,811,589
|
|
1,196,757
|
|
943,523
|
|
|
|
|
|
|
|
|
Corporate
support
|
-
|
|
-
|
|
(292,370)
|
|
(150,267)
|
Purchase
accounting
|
(15,541)
|
|
722
|
|
(364,431)
|
|
(78,205)
|
|
4,689,056
|
|
3,812,311
|
|
539,956
|
|
715,051
|
International Game
Technology PLC Segment Performance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro Forma Revenue
Detail
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INTERNATIONAL GAME
TECHNOLOGY PLC
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Gaming
|
|
Total
Revenue
|
305
|
312
|
290
|
319
|
1,225
|
250
|
676
|
656
|
768
|
2,349
|
|
513
|
468
|
537
|
451
|
1,968
|
399
|
|
818
|
779
|
826
|
769
|
3,193
|
649
|
676
|
656
|
768
|
2,748
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
Services
|
264
|
259
|
249
|
251
|
1,023
|
213
|
479
|
513
|
552
|
1,758
|
|
328
|
317
|
319
|
319
|
1,284
|
301
|
|
592
|
577
|
568
|
571
|
2,307
|
514
|
479
|
513
|
552
|
2,059
|
|
|
Terminal
|
210
|
206
|
194
|
198
|
808
|
165
|
321
|
320
|
356
|
1,162
|
|
213
|
197
|
196
|
190
|
796
|
175
|
|
423
|
403
|
391
|
388
|
1,604
|
340
|
321
|
320
|
356
|
1,337
|
|
|
Social
(DDI)
|
0
|
0
|
0
|
0
|
0
|
0
|
73
|
80
|
84
|
236
|
|
69
|
72
|
75
|
79
|
295
|
81
|
|
69
|
72
|
75
|
79
|
295
|
81
|
73
|
80
|
84
|
317
|
|
|
Other
|
54
|
53
|
55
|
53
|
215
|
48
|
86
|
114
|
112
|
360
|
|
46
|
49
|
48
|
50
|
192
|
45
|
|
100
|
102
|
102
|
103
|
407
|
93
|
86
|
114
|
112
|
405
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
41
|
53
|
41
|
67
|
202
|
37
|
197
|
142
|
216
|
591
|
|
185
|
150
|
218
|
131
|
684
|
99
|
|
226
|
203
|
258
|
199
|
886
|
135
|
197
|
142
|
216
|
690
|
|
|
Terminal
|
32
|
26
|
33
|
51
|
141
|
27
|
143
|
95
|
154
|
419
|
|
117
|
88
|
125
|
82
|
412
|
62
|
|
148
|
114
|
157
|
132
|
553
|
90
|
143
|
95
|
154
|
482
|
|
|
Other
|
9
|
26
|
8
|
17
|
61
|
9
|
54
|
47
|
62
|
171
|
|
68
|
62
|
93
|
49
|
273
|
37
|
|
78
|
88
|
101
|
66
|
333
|
46
|
54
|
47
|
62
|
208
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
|
|
Total
Revenue
|
578
|
508
|
533
|
548
|
2,167
|
523
|
524
|
478
|
521
|
2,046
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
578
|
508
|
533
|
548
|
2,167
|
523
|
524
|
478
|
521
|
2,046
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
Services
|
549
|
481
|
513
|
512
|
2,055
|
502
|
481
|
463
|
484
|
1,930
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
549
|
481
|
513
|
512
|
2,055
|
502
|
481
|
463
|
484
|
1,930
|
|
|
FM/Concessions
|
491
|
461
|
460
|
458
|
1,870
|
446
|
424
|
416
|
430
|
1,717
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
491
|
461
|
460
|
458
|
1,870
|
446
|
424
|
416
|
430
|
1,717
|
|
|
LMA
|
43
|
0
|
36
|
24
|
102
|
33
|
38
|
22
|
35
|
128
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
43
|
0
|
36
|
24
|
102
|
33
|
38
|
22
|
35
|
128
|
|
|
Other
Services
|
15
|
19
|
18
|
30
|
82
|
23
|
19
|
25
|
19
|
85
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
15
|
19
|
18
|
30
|
82
|
23
|
19
|
25
|
19
|
85
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
29
|
28
|
20
|
36
|
112
|
21
|
43
|
15
|
36
|
115
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
29
|
28
|
20
|
36
|
112
|
21
|
43
|
15
|
36
|
115
|
|
|
Terminal
|
1
|
2
|
3
|
19
|
25
|
5
|
21
|
0
|
15
|
41
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
1
|
2
|
3
|
19
|
25
|
5
|
21
|
0
|
15
|
41
|
|
|
Systems/Other
|
28
|
26
|
17
|
17
|
87
|
15
|
22
|
15
|
22
|
74
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
28
|
26
|
17
|
17
|
87
|
15
|
22
|
15
|
22
|
74
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
Total
Revenue
|
132
|
105
|
99
|
85
|
420
|
75
|
74
|
68
|
76
|
294
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
132
|
105
|
99
|
85
|
420
|
75
|
74
|
68
|
76
|
294
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service
Revenue
|
130
|
101
|
98
|
82
|
412
|
75
|
74
|
68
|
72
|
289
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
130
|
101
|
98
|
82
|
412
|
75
|
74
|
68
|
72
|
289
|
|
Product
Sales
|
1
|
3
|
1
|
2
|
8
|
1
|
0
|
0
|
4
|
5
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
1
|
3
|
1
|
2
|
8
|
1
|
0
|
0
|
4
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Revenue
|
1,014
|
925
|
922
|
951
|
3,812
|
848
|
1,274
|
1,202
|
1,365
|
4,689
|
|
513
|
468
|
537
|
451
|
1,968
|
399
|
|
1,527
|
1,393
|
1,458
|
1,402
|
5,780
|
1,248
|
1,274
|
1,202
|
1,365
|
5,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OI
|
246
|
171
|
184
|
114
|
715
|
163
|
115
|
130
|
132
|
540
|
|
72
|
110
|
123
|
63
|
368
|
(7)
|
|
318
|
280
|
306
|
178
|
1,083
|
156
|
115
|
130
|
132
|
533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Game
Technology PLC Segment Performance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro Forma Revenue
Detail
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NORTH AMERICA
GAMING & INTERACTIVE
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Gaming
|
|
Total
Revenue
|
22
|
28
|
37
|
45
|
133
|
30
|
353
|
341
|
378
|
1,102
|
|
393
|
354
|
383
|
343
|
1,473
|
311
|
|
416
|
383
|
420
|
388
|
1,606
|
341
|
353
|
341
|
378
|
1,413
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
Services
|
8
|
9
|
15
|
13
|
46
|
13
|
237
|
267
|
263
|
780
|
|
263
|
255
|
257
|
261
|
1,036
|
245
|
|
271
|
264
|
272
|
275
|
1,082
|
257
|
237
|
267
|
263
|
1,025
|
|
|
Terminal
|
6
|
7
|
13
|
11
|
37
|
10
|
140
|
144
|
137
|
431
|
|
170
|
157
|
157
|
155
|
639
|
141
|
|
176
|
164
|
170
|
166
|
676
|
152
|
140
|
144
|
137
|
573
|
|
|
Social
(DDI)
|
0
|
0
|
0
|
0
|
0
|
0
|
73
|
80
|
84
|
236
|
|
69
|
72
|
75
|
79
|
295
|
81
|
|
69
|
72
|
75
|
79
|
295
|
81
|
73
|
80
|
84
|
317
|
|
|
Other
|
2
|
2
|
2
|
2
|
9
|
2
|
24
|
43
|
43
|
112
|
|
24
|
26
|
25
|
27
|
102
|
23
|
|
26
|
29
|
27
|
30
|
111
|
25
|
24
|
43
|
43
|
135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
14
|
19
|
22
|
32
|
87
|
17
|
116
|
73
|
115
|
322
|
|
131
|
99
|
126
|
82
|
437
|
66
|
|
145
|
118
|
148
|
113
|
524
|
83
|
116
|
73
|
115
|
388
|
|
|
Terminal
|
13
|
12
|
21
|
30
|
76
|
15
|
84
|
46
|
80
|
224
|
|
80
|
52
|
60
|
52
|
244
|
43
|
|
93
|
64
|
81
|
82
|
320
|
57
|
84
|
46
|
80
|
267
|
|
|
Other
|
1
|
7
|
1
|
2
|
11
|
3
|
32
|
27
|
35
|
97
|
|
51
|
47
|
66
|
29
|
193
|
23
|
|
52
|
54
|
67
|
31
|
204
|
26
|
32
|
27
|
35
|
121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Revenue
|
22
|
28
|
37
|
45
|
133
|
30
|
353
|
341
|
378
|
1,102
|
|
393
|
354
|
383
|
343
|
1,473
|
311
|
|
416
|
383
|
420
|
388
|
1,606
|
341
|
353
|
341
|
378
|
1,413
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OI
|
(6)
|
(4)
|
2
|
8
|
1
|
7
|
96
|
85
|
106
|
294
|
|
86
|
103
|
124
|
71
|
384
|
20
|
|
105
|
117
|
146
|
104
|
472
|
47
|
96
|
85
|
106
|
335
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NORTH AMERICA
LOTTERY
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Gaming
|
|
Total
Revenue
|
16
|
24
|
17
|
16
|
73
|
18
|
37
|
37
|
37
|
130
|
|
20
|
20
|
20
|
20
|
81
|
19
|
|
36
|
44
|
37
|
36
|
154
|
37
|
37
|
37
|
37
|
149
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
Services
|
16
|
17
|
17
|
16
|
65
|
18
|
37
|
36
|
37
|
128
|
|
20
|
20
|
20
|
20
|
81
|
19
|
|
36
|
37
|
37
|
36
|
146
|
37
|
37
|
36
|
37
|
148
|
|
|
Terminal
|
8
|
9
|
7
|
7
|
31
|
8
|
25
|
26
|
25
|
85
|
|
19
|
19
|
19
|
19
|
76
|
18
|
|
27
|
28
|
26
|
27
|
108
|
26
|
25
|
26
|
25
|
103
|
|
|
Social
(DDI)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other
|
8
|
8
|
9
|
9
|
34
|
9
|
12
|
10
|
12
|
44
|
|
1
|
1
|
1
|
1
|
4
|
1
|
|
9
|
9
|
10
|
10
|
38
|
11
|
12
|
10
|
12
|
45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
0
|
7
|
0
|
0
|
8
|
0
|
0
|
0
|
0
|
1
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
7
|
0
|
0
|
8
|
0
|
0
|
0
|
0
|
1
|
|
|
Terminal
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
|
|
Other
|
0
|
7
|
0
|
0
|
8
|
0
|
0
|
0
|
0
|
1
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
7
|
0
|
0
|
8
|
0
|
0
|
0
|
0
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
|
|
Total
Revenue
|
245
|
193
|
221
|
208
|
867
|
235
|
233
|
216
|
232
|
916
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
245
|
193
|
221
|
208
|
867
|
235
|
233
|
216
|
232
|
916
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
Services
|
222
|
171
|
206
|
201
|
800
|
224
|
216
|
206
|
219
|
864
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
222
|
171
|
206
|
201
|
800
|
224
|
216
|
206
|
219
|
864
|
|
|
FM/Concessions
|
156
|
145
|
144
|
153
|
599
|
165
|
154
|
156
|
161
|
636
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
156
|
145
|
144
|
153
|
599
|
165
|
154
|
156
|
161
|
636
|
|
|
LMA
|
43
|
0
|
36
|
24
|
102
|
33
|
38
|
22
|
35
|
128
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
43
|
0
|
36
|
24
|
102
|
33
|
38
|
22
|
35
|
128
|
|
|
Other
Services
|
23
|
25
|
26
|
24
|
99
|
25
|
25
|
29
|
22
|
101
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
23
|
25
|
26
|
24
|
99
|
25
|
25
|
29
|
22
|
101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
23
|
22
|
15
|
7
|
67
|
12
|
17
|
10
|
13
|
52
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
23
|
22
|
15
|
7
|
67
|
12
|
17
|
10
|
13
|
52
|
|
|
Terminal
|
0
|
1
|
2
|
0
|
3
|
0
|
5
|
0
|
0
|
5
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
1
|
2
|
0
|
3
|
0
|
5
|
0
|
0
|
5
|
|
|
Systems/Other
|
23
|
21
|
13
|
7
|
64
|
11
|
12
|
10
|
13
|
46
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
23
|
21
|
13
|
7
|
64
|
11
|
12
|
10
|
13
|
46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
Total
Revenue
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service
Revenue
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Product
Sales
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Revenue
|
261
|
217
|
238
|
224
|
940
|
253
|
270
|
253
|
269
|
1,046
|
|
20
|
20
|
20
|
20
|
81
|
19
|
|
282
|
237
|
258
|
245
|
1,021
|
273
|
270
|
253
|
269
|
1,065
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OI
|
43
|
(6)
|
20
|
17
|
74
|
43
|
47
|
50
|
43
|
183
|
|
14
|
14
|
14
|
15
|
57
|
15
|
|
54
|
5
|
30
|
29
|
118
|
55
|
47
|
50
|
43
|
195
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Game
Technology PLC Segment Performance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro Forma Revenue
Detail
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INTERNATIONAL
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Gaming
|
|
Total
Revenue
|
41
|
42
|
35
|
51
|
169
|
31
|
134
|
120
|
148
|
433
|
|
99
|
93
|
134
|
87
|
413
|
69
|
|
141
|
135
|
168
|
139
|
583
|
100
|
134
|
120
|
148
|
502
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
Services
|
15
|
17
|
17
|
17
|
65
|
13
|
50
|
50
|
47
|
160
|
|
45
|
42
|
42
|
38
|
167
|
37
|
|
60
|
59
|
59
|
54
|
232
|
49
|
50
|
50
|
47
|
197
|
|
|
Terminal
|
1
|
1
|
2
|
2
|
6
|
2
|
15
|
15
|
13
|
44
|
|
24
|
21
|
20
|
16
|
81
|
15
|
|
25
|
22
|
22
|
18
|
87
|
17
|
15
|
15
|
13
|
59
|
|
|
Social
(DDI)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other
|
14
|
16
|
15
|
15
|
60
|
11
|
35
|
36
|
34
|
117
|
|
21
|
21
|
22
|
22
|
86
|
21
|
|
35
|
37
|
37
|
37
|
146
|
32
|
35
|
36
|
34
|
138
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
26
|
25
|
18
|
35
|
104
|
18
|
84
|
69
|
101
|
272
|
|
54
|
51
|
92
|
50
|
247
|
33
|
|
80
|
76
|
109
|
84
|
350
|
51
|
84
|
69
|
101
|
305
|
|
|
Terminal
|
18
|
14
|
11
|
20
|
64
|
12
|
59
|
49
|
74
|
195
|
|
37
|
36
|
65
|
30
|
167
|
19
|
|
55
|
50
|
76
|
50
|
231
|
32
|
59
|
49
|
74
|
214
|
|
|
Other
|
8
|
11
|
6
|
14
|
40
|
6
|
25
|
20
|
27
|
78
|
|
17
|
15
|
27
|
20
|
79
|
13
|
|
25
|
26
|
33
|
34
|
119
|
19
|
25
|
20
|
27
|
91
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
|
|
Total
Revenue
|
88
|
82
|
80
|
117
|
367
|
81
|
94
|
73
|
95
|
342
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
88
|
82
|
80
|
117
|
367
|
81
|
94
|
73
|
95
|
342
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
Services
|
83
|
76
|
75
|
88
|
322
|
72
|
67
|
68
|
72
|
279
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
83
|
76
|
75
|
88
|
322
|
72
|
67
|
68
|
72
|
279
|
|
|
FM/Concessions
|
62
|
56
|
58
|
58
|
234
|
51
|
51
|
49
|
55
|
206
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
62
|
56
|
58
|
58
|
234
|
51
|
51
|
49
|
55
|
206
|
|
|
LMA
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other
Services
|
21
|
20
|
18
|
30
|
89
|
21
|
17
|
19
|
17
|
73
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
21
|
20
|
18
|
30
|
89
|
21
|
17
|
19
|
17
|
73
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
6
|
6
|
5
|
29
|
45
|
9
|
26
|
5
|
23
|
63
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
6
|
6
|
5
|
29
|
45
|
9
|
26
|
5
|
23
|
63
|
|
|
Terminal
|
1
|
1
|
1
|
19
|
22
|
5
|
16
|
0
|
15
|
36
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
1
|
1
|
1
|
19
|
22
|
5
|
16
|
0
|
15
|
36
|
|
|
Systems/Other
|
5
|
5
|
4
|
10
|
24
|
4
|
10
|
5
|
9
|
27
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
5
|
5
|
4
|
10
|
24
|
4
|
10
|
5
|
9
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
Total
Revenue
|
22
|
24
|
23
|
24
|
94
|
19
|
19
|
18
|
22
|
78
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
22
|
24
|
23
|
24
|
94
|
19
|
19
|
18
|
22
|
78
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service
Revenue
|
21
|
21
|
22
|
22
|
86
|
18
|
19
|
17
|
18
|
73
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
21
|
21
|
22
|
22
|
86
|
18
|
19
|
17
|
18
|
73
|
|
Product
Sales
|
1
|
3
|
1
|
2
|
8
|
1
|
0
|
0
|
4
|
5
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
1
|
3
|
1
|
2
|
8
|
1
|
0
|
0
|
4
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Revenue
|
152
|
148
|
138
|
192
|
631
|
131
|
247
|
210
|
265
|
853
|
|
99
|
93
|
134
|
87
|
413
|
69
|
|
251
|
241
|
272
|
279
|
1,044
|
200
|
247
|
210
|
265
|
923
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OI
|
36
|
30
|
29
|
61
|
156
|
27
|
47
|
37
|
55
|
165
|
|
33
|
40
|
64
|
32
|
169
|
24
|
|
41
|
48
|
69
|
68
|
227
|
27
|
47
|
37
|
55
|
165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Game
Technology PLC Segment Performance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro Forma Revenue
Detail
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ITALY
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Q1
|
Q2
|
Q3
|
Q4
|
FY
|
Gaming
|
|
Total
Revenue
|
225
|
217
|
201
|
206
|
850
|
171
|
163
|
161
|
206
|
701
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
225
|
217
|
201
|
206
|
850
|
171
|
163
|
161
|
206
|
701
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
Services
|
224
|
217
|
201
|
205
|
847
|
170
|
162
|
161
|
206
|
699
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
224
|
217
|
201
|
205
|
847
|
170
|
162
|
161
|
206
|
699
|
|
|
Terminal
|
194
|
189
|
172
|
178
|
734
|
145
|
140
|
135
|
182
|
602
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
194
|
189
|
172
|
178
|
734
|
145
|
140
|
135
|
182
|
602
|
|
|
Social
(DDI)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other
|
30
|
27
|
28
|
27
|
113
|
25
|
22
|
26
|
24
|
97
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
30
|
27
|
28
|
27
|
113
|
25
|
22
|
26
|
24
|
97
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
1
|
1
|
1
|
1
|
3
|
1
|
1
|
0
|
0
|
2
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
1
|
1
|
1
|
1
|
3
|
1
|
1
|
0
|
0
|
2
|
|
|
Terminal
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
|
|
Other
|
0
|
0
|
1
|
0
|
2
|
0
|
0
|
0
|
0
|
1
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
1
|
0
|
2
|
0
|
0
|
0
|
0
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
|
|
Total
Revenue
|
244
|
234
|
232
|
222
|
932
|
207
|
197
|
188
|
194
|
787
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
244
|
234
|
232
|
222
|
932
|
207
|
197
|
188
|
194
|
787
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lottery
Services
|
244
|
234
|
232
|
222
|
932
|
207
|
197
|
188
|
194
|
787
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
244
|
234
|
232
|
222
|
932
|
207
|
197
|
188
|
194
|
787
|
|
|
FM/Concessions
|
273
|
260
|
258
|
247
|
1,038
|
230
|
220
|
211
|
215
|
876
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
273
|
260
|
258
|
247
|
1,038
|
230
|
220
|
211
|
215
|
876
|
|
|
LMA
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other
Services
|
(29)
|
(26)
|
(26)
|
(24)
|
(105)
|
(23)
|
(22)
|
(23)
|
(21)
|
(89)
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
(29)
|
(26)
|
(26)
|
(24)
|
(105)
|
(23)
|
(22)
|
(23)
|
(21)
|
(89)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
Sales
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Terminal
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Systems/Other
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
Total
Revenue
|
109
|
81
|
75
|
61
|
326
|
56
|
55
|
50
|
54
|
216
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
109
|
81
|
75
|
61
|
326
|
56
|
55
|
50
|
54
|
216
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service
Revenue
|
109
|
81
|
75
|
61
|
326
|
56
|
55
|
50
|
54
|
216
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
109
|
81
|
75
|
61
|
326
|
56
|
55
|
50
|
54
|
216
|
|
Product
Sales
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Revenue
|
579
|
532
|
509
|
489
|
2,108
|
434
|
416
|
400
|
455
|
1,704
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
579
|
532
|
509
|
489
|
2,108
|
434
|
416
|
400
|
455
|
1,704
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OI
|
213
|
193
|
192
|
113
|
712
|
150
|
141
|
131
|
132
|
555
|
|
0
|
0
|
0
|
0
|
0
|
0
|
|
208
|
188
|
188
|
108
|
693
|
145
|
141
|
131
|
132
|
550
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Game
Technology PLC and Subsidiaries
|
|
|
|
|
|
|
|
|
|
|
Consolidated Pro
Forma Income Statements & Reconciliations
|
|
|
|
|
|
|
|
|
|
($
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
Q4
|
FY
|
Q4
|
FY
|
|
Q4
|
FY
|
Q1
|
|
Q4
|
FY
|
Q4
|
FY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service
revenue
|
846
|
3,490
|
1,109
|
3,978
|
|
319
|
1,284
|
301
|
|
1,165
|
4,773
|
1,109
|
4,278
|
Product
sales
|
106
|
322
|
256
|
711
|
|
131
|
684
|
99
|
|
237
|
1,006
|
256
|
810
|
Total
revenue
|
951
|
3,812
|
1,365
|
4,689
|
|
451
|
1,968
|
399
|
|
1,402
|
5,780
|
1,365
|
5,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
services
|
596
|
2,324
|
674
|
2,417
|
|
122
|
482
|
116
|
|
717
|
2,806
|
674
|
2,534
|
Cost of
sales
|
59
|
190
|
180
|
520
|
|
71
|
315
|
63
|
|
130
|
506
|
180
|
584
|
Selling, general and
administrative
|
107
|
413
|
243
|
795
|
|
116
|
498
|
138
|
|
223
|
911
|
243
|
934
|
Research and
development
|
27
|
108
|
85
|
277
|
|
63
|
241
|
63
|
|
90
|
350
|
85
|
340
|
Restructuring
expense
|
10
|
24
|
35
|
77
|
|
0
|
0
|
0
|
|
10
|
24
|
35
|
77
|
Impairment
loss
|
1
|
3
|
12
|
12
|
|
1
|
40
|
7
|
|
2
|
43
|
12
|
19
|
Transaction expense,
net1
|
37
|
35
|
4
|
49
|
|
14
|
24
|
19
|
|
51
|
59
|
4
|
68
|
|
|
837
|
3,098
|
1,233
|
4,149
|
|
387
|
1,600
|
406
|
|
1,224
|
4,697
|
1,233
|
4,555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
114
|
715
|
132
|
540
|
|
63
|
368
|
(7)
|
|
178
|
1,083
|
132
|
533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliations
of Non-US GAAP Financial Measures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
Reported
|
|
Legacy
IGT
|
|
Pro
Forma
|
|
|
2014
|
2015
|
|
2014
|
2015
|
|
2014
|
2015
|
|
|
Q4
|
FY
|
Q4
|
FY
|
|
Q4
|
FY
|
Q1
|
|
Q4
|
FY
|
Q4
|
FY
|
Operating
income
|
114
|
715
|
132
|
540
|
|
63
|
368
|
(7)
|
|
178
|
1,083
|
132
|
533
|
Purchase
accounting
|
20
|
78
|
110
|
364
|
|
7
|
31
|
7
|
|
27
|
109
|
110
|
372
|
Transaction expense,
net1
|
37
|
35
|
4
|
49
|
|
14
|
24
|
19
|
|
51
|
59
|
4
|
68
|
Restructuring
expense
|
10
|
24
|
35
|
77
|
|
0
|
0
|
0
|
|
10
|
24
|
35
|
77
|
Impairment
loss
|
1
|
3
|
12
|
12
|
|
1
|
40
|
7
|
|
2
|
43
|
12
|
19
|
Adjusted Operating
Income
|
182
|
855
|
293
|
1,043
|
|
86
|
462
|
26
|
|
268
|
1,317
|
293
|
1,069
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
(150)
|
100
|
83
|
(56)
|
|
35
|
203
|
(13)
|
|
(115)
|
303
|
83
|
(69)
|
Income tax
expense
|
86
|
240
|
23
|
39
|
|
17
|
94
|
(4)
|
|
103
|
334
|
23
|
35
|
Other expense,
net
|
179
|
375
|
26
|
557
|
|
12
|
71
|
10
|
|
190
|
446
|
26
|
567
|
Depreciation
|
80
|
324
|
110
|
370
|
|
28
|
123
|
28
|
|
108
|
447
|
110
|
397
|
Amortization
|
39
|
149
|
124
|
410
|
|
10
|
51
|
10
|
|
49
|
200
|
124
|
420
|
Service revenue
amortization
|
30
|
126
|
27
|
108
|
|
0
|
0
|
0
|
|
30
|
126
|
27
|
108
|
Transaction expense,
net1
|
37
|
35
|
4
|
49
|
|
14
|
24
|
19
|
|
51
|
59
|
4
|
68
|
Restructuring
expense
|
10
|
24
|
35
|
77
|
|
0
|
0
|
0
|
|
10
|
24
|
35
|
77
|
Non-cash purchase
accounting (excluding D&A)
|
0
|
0
|
2
|
23
|
|
0
|
0
|
0
|
|
0
|
0
|
2
|
23
|
Stock
compensation
|
9
|
14
|
3
|
21
|
|
9
|
32
|
6
|
|
18
|
46
|
3
|
27
|
Impairment
loss
|
1
|
3
|
12
|
12
|
|
1
|
40
|
7
|
|
2
|
43
|
12
|
19
|
Other
|
|
0
|
0
|
0
|
0
|
|
2
|
0
|
32
|
|
2
|
0
|
0
|
32
|
Adjusted
EBITDA
|
321
|
1,389
|
449
|
1,611
|
|
127
|
638
|
93
|
|
448
|
2,027
|
449
|
1,704
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTE: The
difference between the "As Reported" and "Pro Forma" results
presented above reflect the contribution from legacy
IGT.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Transaction expense (income), net is
composed of transaction costs on significant business combinations
and significant gains and losses incurred on disposals of group
entities or businesses. These items are only incidentally related
to our ordinary activities, are not expected to occur frequently
and hinder comparability of our period-over-period performance. We
believe separate identification allows users of the financial
statements to take them into appropriate consideration when
analyzing our performance.
|
Key Performance Indicators (KPIs)
Consolidated Key
Performance Indicators (KPIs)
|
|
|
|
|
|
|
|
|
|
|
Fourth
Quarter
|
|
Full
Year
|
Periods Ended
December 31
|
|
2015
|
2014
|
%
change
|
|
2015
|
2014
|
%
change
|
|
|
|
|
|
|
|
|
|
|
|
Installed base
(end of period)
|
|
|
|
|
|
|
|
|
Casino
|
|
|
|
34,568
|
37,537
|
-7.9%
|
|
34,568
|
37,537
|
-7.9%
|
VLT -
Government Sponsored (ex-Italy)
|
15,491
|
16,240
|
-4.6%
|
|
15,491
|
16,240
|
-4.6%
|
VLT -
Italy Supplier (B2B)
|
|
8,291
|
8,392
|
-1.2%
|
|
8,291
|
8,392
|
-1.2%
|
Total
installed base
|
|
|
58,350
|
62,169
|
-6.1%
|
|
58,350
|
62,169
|
-6.1%
|
Yield
(average revenue per unit per day - $0.00)
|
32.71
|
33.95
|
-3.7%
|
|
33.74
|
35.17
|
-4.1%
|
|
|
|
|
|
|
|
|
|
|
|
Additional Italian Network Details:
|
|
|
|
|
|
|
|
|
VLT -
Operator (B2C)
|
|
|
11,115
|
10,956
|
1.5%
|
|
11,115
|
10,956
|
1.5%
|
AWP
|
|
|
|
58,328
|
65,316
|
-10.7%
|
|
58,328
|
65,316
|
-10.7%
|
|
|
|
|
|
|
|
|
|
|
|
Machine units
shipped 1
|
|
|
|
|
|
|
|
|
New/Expansion
|
|
|
2,640
|
1,358
|
94.4%
|
|
6,821
|
9,860
|
-30.8%
|
Replacement
|
|
|
8,922
|
8,170
|
9.2%
|
|
28,338
|
31,609
|
-10.3%
|
Total
machines shipped
|
|
11,562
|
9,528
|
21.3%
|
|
35,159
|
41,469
|
-15.2%
|
|
|
|
|
|
|
|
|
|
|
|
Global lottery
same-store revenue growth
|
|
|
|
|
|
|
|
Instants
& draw games
|
|
|
|
7.1%
|
|
|
|
6.7%
|
Multistate Jackpots
|
|
|
|
|
-6.2%
|
|
|
|
1.0%
|
Total
lottery same-store revenue growth (ex-Italy)
|
|
5.5%
|
|
|
|
6.0%
|
|
|
|
|
|
|
|
|
|
|
|
1Machine units shipped reflect mixed
historical methodologies of legacy companies prior to 2Q
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America
KPIs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fourth
Quarter
|
|
Full
Year
|
Periods Ended
December 31
|
|
2015
|
2014
|
%
change
|
|
2015
|
2014
|
%
change
|
|
|
|
|
|
|
|
|
|
|
|
Installed base
(end of period)
|
|
40,659
|
43,717
|
-7.0%
|
|
40,659
|
43,717
|
-7.0%
|
|
|
|
|
|
|
|
|
|
|
|
Machine units
shipped 1
|
|
|
|
|
|
|
|
|
New/Expansion
|
|
|
2,191
|
651
|
236.6%
|
|
4,389
|
7,417
|
-40.8%
|
Replacement
|
|
|
4,406
|
4,831
|
-8.8%
|
|
16,993
|
16,877
|
0.7%
|
Total
machines shipped
|
|
6,597
|
5,482
|
20.3%
|
|
21,382
|
24,294
|
-12.0%
|
|
|
|
|
|
|
|
|
|
|
|
DoubleDown
|
|
|
|
|
|
|
|
|
|
Revenue
($ Thousands)
|
|
83,598
|
79,353
|
5.4%
|
|
316,999
|
295,019
|
7.5%
|
Mobile
penetration
|
|
|
53%
|
39%
|
35.4%
|
|
48%
|
35%
|
35.0%
|
DAU
(Daily Active Users) 2
|
|
1,897
|
1,910
|
-0.7%
|
|
1,879
|
1,833
|
2.5%
|
MAU
(Monthy Active Users) 2
|
|
4,411
|
5,212
|
-15.4%
|
|
4,526
|
5,780
|
-21.7%
|
Bookings
per DAU ($0.00) 2
|
|
$ 0.47
|
$ 0.43
|
9.3%
|
|
$ 0.47
|
$ 0.44
|
6.8%
|
|
|
|
|
|
|
|
|
|
|
|
Lottery same-store
revenue growth
|
|
|
|
|
|
|
|
Instants
& draw games
|
|
|
|
7.6%
|
|
|
|
7.6%
|
Multistate Jackpots
|
|
|
|
|
-5.4%
|
|
|
|
1.5%
|
Total
lottery same-store revenue growth
|
|
|
5.9%
|
|
|
|
6.8%
|
|
|
|
|
|
|
|
|
|
|
|
1Machine units shipped reflect mixed
historical methodologies of legacy companies prior to 2Q
2015
|
|
|
2As a
single application with multiple games, active users equal unique
users
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International KPIs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fourth
Quarter
|
|
Full
Year
|
Periods Ended
December 31
|
|
2015
|
2014
|
%
change
|
|
2015
|
2014
|
%
change
|
|
|
|
|
|
|
|
|
|
|
|
Installed base
(end of period)
|
|
9,400
|
10,060
|
-6.6%
|
|
9,400
|
10,060
|
-6.6%
|
|
|
|
|
|
|
|
|
|
|
|
Machine units
shipped 1
|
|
|
|
|
|
|
|
|
New/Expansion
|
|
|
449
|
707
|
-36.5%
|
|
2,432
|
2,443
|
-0.5%
|
Replacement
|
|
|
4,516
|
3,339
|
35.3%
|
|
11,345
|
14,732
|
-23.0%
|
Total
machines shipped
|
|
4,965
|
4,046
|
22.7%
|
|
13,777
|
17,175
|
-19.8%
|
|
|
|
|
|
|
|
|
|
|
|
Lottery same-store
revenue growth
|
|
|
|
|
|
|
|
Instants
& draw games
|
|
|
|
5.7%
|
|
|
|
4.5%
|
Multistate Jackpots
|
|
|
|
|
-0.8%
|
|
|
|
-0.1%
|
Total
lottery same-store revenue growth
|
|
|
4.4%
|
|
|
|
4.1%
|
|
|
|
|
|
|
|
|
|
|
|
1Machine units shipped reflect mixed
historical methodologies of legacy companies prior to 2Q
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Italy
KPIs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fourth
Quarter
|
|
Full
Year
|
Periods Ended
December 31
|
|
2015
|
2014
|
%
change
|
|
2015
|
2014
|
%
change
|
(In € millions,
except machines)
|
|
|
|
|
|
|
|
|
Lottery
|
|
|
|
|
|
|
|
|
|
|
Lotto
wagers
|
|
|
1,855
|
1,746
|
6.2%
|
|
7,077
|
6,629
|
6.7%
|
10eLotto
|
|
|
|
1,147
|
1,011
|
13.5%
|
|
4,287
|
3,619
|
18.5%
|
Core
|
|
|
|
640
|
642
|
-0.3%
|
|
2,449
|
2,552
|
-4.0%
|
Late
Numbers
|
|
|
68
|
93
|
-27.6%
|
|
340
|
459
|
-25.8%
|
|
|
|
|
|
|
|
|
|
|
|
Scratch & Win
Wagers
|
|
2,391
|
2,436
|
-1.9%
|
|
9,016
|
9,403
|
-4.1%
|
|
|
|
|
|
|
|
|
|
|
|
Gaming
|
|
|
|
|
|
|
|
|
|
|
Installed base
(end of period)
|
|
|
|
|
|
|
|
|
VLT -
Operator (B2C)
|
|
|
11,115
|
10,956
|
1.5%
|
|
11,115
|
10,956
|
1.5%
|
VLT -
Supplier (B2B)
|
|
|
8,291
|
8,392
|
-1.2%
|
|
8,291
|
8,392
|
-1.2%
|
AWP
|
|
|
|
58,328
|
65,316
|
-10.7%
|
|
58,328
|
65,316
|
-10.7%
|
Total
Installed Base
|
|
|
77,734
|
84,664
|
-8.2%
|
|
77,734
|
84,664
|
-8.2%
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
|
|
|
|
|
|
|
|
Interactive Wagers (Gaming)
|
|
414
|
449
|
-8.0%
|
|
1,672
|
1,789
|
-6.6%
|
Sports
Betting Wagers1
|
|
236
|
250
|
-5.9%
|
|
864
|
893
|
-3.3%
|
Sports
Betting Payout (%)1
|
|
84.6%
|
86.3%
|
-1.7
pp
|
|
83.7%
|
80.2%
|
3.5
pp
|
|
|
|
|
|
|
|
|
|
|
|
1Includes Virtual Wagers and Pools
& Horses
|
|
|
|
|
|
|
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visit:http://www.prnewswire.com/news-releases/international-game-technology-plc-reports-fourth-quarter-and-full-year-2015-results-300237637.html
SOURCE International Game Technology PLC