← Madison Square Garden Entertainment Corp.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income | ($219.3m) |
($136.2m)
+37.90%
|
$76.0m
+155.83%
|
$144.3m
+89.76%
|
$37.4m
-74.06%
|
$49.0m
+30.89%
|
|
| Depreciation and amortization | $71.6m | $69.5m | $60.5m | $53.9m | $57.8m | $57.3m | |
| Amortization of deferred financing costs | $4.3m | $6.8m | $3.2m | $3.4m | $3.3m | — | |
| Deferred income tax expense (benefit) | — | $225k | $720k | ($92.2m) | $14.8m | ($5.6m) | |
| Share-based compensation expense | $40.7m | $39.4m | $31.8m | $31.2m | $27.7m | $29.9m | |
| Impairment of long-lived assets | — | — | $0 | $0 | $11.2m | — | |
| Net unrealized and realized (gain) loss on equity investments with readily determinable fair values | — | $49.8m | ($16.1m) | $1.2m | ($127k) | — | |
| Accounts receivable, net | $5.8m | ($15.3m) | ($4.2m) | ($13.9m) | $9.6m | ($5.8m) | |
| Related party receivables and payables, net | — | $19.5m | ($43.0m) | $47.2m | ($23.7m) | — | |
| Accounts payable | — | — | $4.8m | $10.1m | ($14.5m) | ($3.7m) | |
| Accrued and other current and non-current liabilities | — | — | ($5.5m) | ($65.8m) | ($32.6m) | — | |
| Deferred revenue | $19.7m | $4.2m | $24.3m | ($10.3m) | $20.4m | — | |
| Prepaid expenses and other current and non-current assets | ($10.8m) | ($42.4m) | ($31.4m) | ($44.2m) | ($42.8m) | — | |
| Net cash provided by operating activities | ($148.1m) |
$95.4m
+164.38%
|
$135.7m
+42.31%
|
$111.3m
-18.00%
|
$115.3m
+3.62%
|
$341.0m
+195.79%
|
|
| Capital expenditures | ($10.3m) | ($15.8m) | ($15.2m) | ($24.2m) | ($22.2m) | ($28.3m) | |
| Capital expenditures incurred but not yet paid or paid by landlord | $1.1m | $1.6m | $761k | $34.8m | $23.7m | ($28.3m) | |
| Proceeds from sale of investments | $22.0m | $0 | $24.3m | $28.5m | $55k | $55k | |
| Other investing activities | — | $0 | $0 | ($1.7m) | ($1.5m) | — | |
| Net cash (used in) provided by investing activities | ($10.3m) | $45.4m | $30.3m | ($62.4m) | ($23.7m) | — | |
| Loss on extinguishment of debt | $0 | $35.6m | $0 | $0 | $6.1m | — | |
| Principal repayments on long-term debt | ($3.2m) | ($646.8m) | ($20.1m) | ($106.3m) | ($680.6m) | — | |
| Payments for debt financing costs | ($14.4m) | ($16.1m) | $0 | ($633k) | ($9.3m) | — | |
| Repurchases of Class A common stock | $0 | $0 | ($25.0m) | ($50.9m) | ($39.7m) | — | |
| Other financing activities | — | — | $0 | $0 | ($53k) | — | |
| Net cash used in financing activities | $473.5m |
($396.3m)
-183.70%
|
($144.2m)
+63.61%
|
($99.7m)
+30.87%
|
($81.6m)
+18.13%
|
($77.1m)
+5.55%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $315.0m | ($255.5m) | $21.8m | ($50.8m) | $10.0m | — | |
| Cash, cash equivalents and restricted cash, beginning of period | $318.1m | $62.6m | $84.4m | $33.6m | $43.5m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Related party paid in kind interest | ($5.0m) | ($3.6m) | ($3.2m) | ($512k) | $0 | — | |
| Other non-cash adjustments | — | $166k | ($4.3m) | $1.6m | $889k | — | |
| Operating lease right-of-use assets and lease liabilities | $110k | ($12.1m) | ($13.9m) | $45.4m | $39.7m | — | |
| Proceeds from dispositions, net | $0 | $0 | $27.9m | $0 | $0 | — | |
| Loan to related parties | ($22.0m) | ($6.8m) | ($6.7m) | ($65.0m) | $0 | — | |
| Proceeds from issuance of loans | $630.5m | $650.0m | $304k | $0 | $609.4m | — | |
| Proceeds from revolving credit facilities | $0 | $29.1m | $0 | $73.0m | $55.0m | — | |
| Taxes paid in lieu of shares issued for equity-based compensation | — | $0 | $0 | ($14.5m) | ($16.3m) | — | |
| Repayments on related party loan | — | $0 | $0 | ($304k) | $0 | — | |
| Net transfers to Sphere Entertainment and its subsidiaries | ($139.3m) | ($399.7m) | ($99.4m) | $0 | $0 | — | |
| Non-cash financing activities | — | — | $0 | $0 | ($148k) | — | |
| Non-cash stock repurchases in lieu of payment of loan due from related party | $0 | $4.0m | $5.3m | $65.5m | $0 | — | |
| Related party loan payable assigned to the Company | $0 | $0 | $53.7m | $0 | $0 | — |