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Scientific Games Reports Second Quarter 2021 Results August 9 , 2021 Consolidated Revenue Up 63 % Year Over Year with Strong Sequential Growth Across All Businesses Well - Progressed on Intended Divestitures of Lottery and Sports Betting Businesses Disciplined Cost and Balance Sheet Management , Generated $ 149 Million of Net Cash Provided by Operating Activities and $ 133 Million of Free Cash Flow in the Quarter Reduced Leverage Substantially in Six Months , Paid Down Over $ 500 Million in Debt Since October LAS VEGAS , Aug. 9 , 2021 / PRNewswire / -- Scientific Games Corporation ( NASDAQ : SGMS ) ( " Scientific Games , " " SGC " or the " Company " ) today reported results for the second quarter ended June 30 , 2021 . SC SCIENTIFIC GAMES Barry Cottle , President and Chief Executive Officer of Scientific Games , said , " I am very pleased that we continue to make tremendous progress on all of our key strategic pillars while also driving significant growth in the quarter . We have emerged from the pandemic a much stronger Company with significant momentum . All of our businesses grew sequentially on both the top and bottom lines in the quarter . Gaming delivered its highest revenue quarter since the fourth quarter of 2019 , Lottery and Digital achieved record results and SciPlay delivered its second highest revenue quarter in its history . Following our strategic review , we will be singularly focused on becoming a leading cross - platform global game company with focus on content and digital markets . We are moving rapidly to transform our company and I have never been more optimistic about our path forward . " Michael Eklund , Executive Vice President and Chief Financial Officer of Scientific Games , added , " In concert with our Board , we announced a strategic action plan to transform our company and unlock value . We are taking decisive steps to optimize our portfolio , de - lever our balance sheet and invest to grow . I am very encouraged by the interest and discussions we are having around our proposed divestitures , and we are making great progress as we move quickly to unlock shareholder value . We are proud of the team as they continue to execute during this exciting time , delivering a quarter with strong revenue , profit and cash flow growth . The team is laser focused on maintaining discipline to drive balance sheet strength and operational efficiency and we are energized for the future . " STRATEGIC PILLAR PROGRESS • Overall , the Company is moving rapidly to execute on its vision with a singular focus to become a leading cross - platform global game company , accelerating efforts to de - lever and invest for sustainable growth . ● Optimizing our portfolio , moving quickly planned divestitures of both the Lottery and Sports Betting businesses . Investing in our largest growth opportunities , both organically and inorganically , in content and digital markets to accelerate growth . Evidenced by the organic investments in content R & D and a new Las Vegas iGaming studio , as well as the targeted acquisitions of Lightning Box and Koukoi Games . • Significantly de - levering and transforming the balance sheet with meaningful progress organically . Reduced net debt leverage ratio by nearly a third to 7.2x since the beginning of the year . Confident on further meaningful de - levering as we pursue strategic alternatives for the Lottery and Sports Betting businesses . SUMMARY CONSOLIDATED RESULTS ( $ in millions ) Revenue ( 1 ) Net income ( loss ) ( 1 ) Net cash provided by operating activities ( 1 ) Capital expenditures Non - GAAP Financial Measures ( 2 ) Consolidated Adjusted EBITDA ( " AEBITDA " ) ( 1 ) Free cash flow ( 1 ) Balance Sheet Measures Cash and cash equivalents Total debt Available liquidity ( 3 ) $ $ 2021 Three Months Ended June 30 , 880 113 149 53 383 133 As of June 30 , 2021 $ 932 9,019 1,435 $ $ 2020 539 ( 198 ) 52 39 121 ( 3 ) As of December 31 , 2020 $ 1,016 9,303 1,269 ( 1 ) The three months ended June 30 , 2021 , includes $ 38 million U.K. FOBT recovery ( " the FOBT recovery " ) received from certain Gaming business segment U.K. customers related to a 2020 U.K. court ruling associated with overcharging of value - added tax for gaming operators that consequently reduced our net gaming revenues related to these customers and arrangements .