← Sphere Entertainment Co.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $1.9m |
($30.1m)
-1697.14%
|
($14.7m)
+51.27%
|
($430.4m)
-2830.82%
|
($190.1m)
+55.83%
|
$505.7m
+365.94%
|
($200.6m)
-139.68%
|
$33.4m
+116.65%
|
— | |
| Depreciation and amortization | $112.1m | $109.3m | $104.9m | $114.7m | $124.6m | $103.4m | $256.5m | $336.4m | $336.9m | |
| Amortization of debt discount and deferred financing costs | — | — | — | — | $8.7m | $5.1m | $3.2m | $2.7m | — | |
| Amortization of deferred production content | — | — | — | — | $0 | $0 | $20.4m | $34.4m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $3.8m | $6.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $3.8m | $6.6m | $6.6m | |
| Depreciation Amortization Depletion | — | — | — | — | $124.6m | $103.4m | $256.5m | $336.4m | $336.9m | |
| Deferred income tax expense (benefit) | ($31.3m) | ($371k) | ($10.5m) | ($480k) | ($31.3m) | $123.5m | ($132.5m) | $20.9m | ($114.7m) | |
| Deferred Tax | — | — | — | — | ($31.3m) | $123.5m | ($132.5m) | $20.9m | ($114.7m) | |
| Share-based compensation expense | $27.3m | $35.4m | $42.2m | $52.9m | $77.1m | $62.7m | $48.0m | $59.0m | $50.2m | |
| Taxes paid in lieu of shares issued for share-based compensation | — | $0 | $0 | ($6.1m) | ($16.7m) | ($16.6m) | ($16.5m) | ($24.5m) | — | |
| Distribution to related parties associated with the settlement of certain share-based awards | — | — | — | ($1.8m) | ($2.3m) | ($2.4m) | $0 | $0 | — | |
| Share-based compensation capitalized in property and equipment, net | $0 | $3.9m | $5.1m | $5.5m | $3.0m | $3.6m | $2.2m | $763k | $50.2m | |
| Impairments and other losses (gains), net | — | — | — | — | ($3.0m) | ($224.8m) | $121.5m | $69.8m | — | |
| Asset Impairment Charge | — | — | — | — | ($3.0m) | ($224.8m) | $121.5m | $69.8m | $65.7m | |
| Net unrealized and realized loss (gains) on equity investments with readily determinable fair value and loss (earnings) in nonconsolidated affiliates | — | — | — | ($44.3m) | $54.9m | ($548.7m) | $23.0m | $1.6m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $5.0m | ($548.7m) | $23.0m | — | $23.0m | |
| Change In Working Capital | — | — | — | — | $63.2m | $127.4m | ($159.5m) | $42.2m | $76.2m | |
| Accounts receivable, net | ($4.1m) | ($345k) | $15.4m | ($25.0m) | ($30.7m) | $7.1m | ($115.1m) | ($17.1m) | ($10.6m) | |
| Related party receivables and payables, net | $2.1m | ($1.2m) | ($20.4m) | $25.9m | $14.8m | $35.8m | ($31.2m) | $6.1m | — | |
| Change In Receivables | — | — | — | — | ($30.7m) | $7.1m | ($115.1m) | ($17.1m) | ($10.6m) | |
| Changes In Account Receivables | — | — | — | — | ($30.7m) | $7.1m | ($115.1m) | ($17.1m) | ($10.6m) | |
| Accounts payable | $5.3m | ($4.3m) | ($6.3m) | ($5.3m) | $6.6m | $34.3m | ($20.4m) | ($9.0m) | ($895k) | |
| Accrued expenses and other current and non-current liabilities | ($29.7m) | $2.8m | $51.8m | $3.5m | $71.8m | $83.0m | ($7.7m) | $60.8m | — | |
| Deferred revenue | $20.2m | $3.8m | $52k | $15.4m | $18.6m | $135.4m | $61.5m | $112.1m | — | |
| Change In Accrued Expense | — | — | — | — | $71.8m | $117.3m | ($28.1m) | $60.8m | $61.7m | |
| Prepaid expenses and other current and non-current assets | $20.9m | ($11.3m) | ($21.8m) | ($29.1m) | ($44.0m) | ($178.8m) | ($50.6m) | ($108.2m) | — | |
| Net cash provided by (used in) operating activities | $144.4m |
$91.7m
-36.47%
|
$96.0m
+4.70%
|
($289.5m)
-401.44%
|
$141.3m
+148.83%
|
$153.6m
+8.67%
|
($19.7m)
-112.80%
|
$243.3m
+1337.90%
|
$398.6m
+63.82%
|
|
| Capital expenditures, net | — | — | ($455.2m) | ($456.0m) | ($756.7m) | ($1.1b) | ($264.7m) | ($52.3m) | ($39.6m) | |
| Capital expenditures incurred but not yet paid | $9.3m | $31.9m | $78.5m | $106.6m | $206.5m | $248.0m | $49.8m | $4.5m | ($39.6m) | |
| Capital Expenditure Reported | — | — | $452.4m | $452.2m | ($805.2m) | ($1.2b) | ($289.8m) | ($52.3m) | ($39.6m) | |
| Investments and loans in nonconsolidated affiliates | — | — | — | ($197k) | ($1.1m) | ($5.9m) | ($731k) | $0 | — | |
| Proceeds from sale of investments | — | — | — | $361.2m | $0 | $209.0m | $0 | $0 | $0 | |
| Investments and loans to nonconsolidated affiliates | $16k | $0 | $0 | $0 | $791k | $113k | $0 | $0 | — | |
| Other investing activities | — | $0 | $476k | $197k | $1.1m | $0 | ($1.8m) | ($311k) | — | |
| Net Other Investing Changes | — | — | — | — | $1.1m | — | ($1.8m) | ($311k) | ($401k) | |
| Net cash used in investing activities | ($169.6m) | ($228.1m) | ($389.7m) | ($84.4m) | ($804.2m) | ($653.9m) | ($45.2m) | ($3.9m) | ($40.0m) | |
| Gain on extinguishment of debt | — | — | — | — | — | $0 | $0 | ($360.2m) | — | |
| Principal repayments on debt | — | — | — | ($46.8m) | ($725.0m) | ($72.9m) | ($83.8m) | ($165.3m) | — | |
| Borrowings under Delayed Draw Term Loan Facility | — | — | — | — | $0 | $0 | $65.0m | $0 | — | |
| Payments for debt financing costs | — | ($1.5m) | $0 | ($14.6m) | ($17.5m) | ($5.2m) | ($1.0m) | $0 | — | |
| Issuance Of Debt | — | — | — | — | $764.1m | $302.7m | $316.6m | $0 | $135.0m | |
| Long Term Debt Issuance | — | — | — | — | $764.1m | $302.7m | $316.6m | $0 | $135.0m | |
| Long Term Debt Payments | — | — | — | — | ($740.0m) | ($74.9m) | ($83.8m) | ($165.3m) | ($244.8m) | |
| Net Issuance Payments Of Debt | — | — | — | — | $24.1m | $227.8m | $232.8m | ($165.3m) | ($109.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | $24.1m | $227.8m | $232.8m | ($165.3m) | ($109.8m) | |
| Net Short Term Debt Issuance | — | — | — | — | $24.1m | ($2.0m) | $0 | — | $0 | |
| Repayment Of Debt | — | — | — | — | ($740.0m) | ($74.9m) | ($83.8m) | ($165.3m) | ($244.8m) | |
| Short Term Debt Issuance | — | — | — | — | $39.1m | $0 | $0 | — | $0 | |
| Short Term Debt Payments | — | — | — | — | ($15.0m) | ($2.0m) | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | ($2.3m) | ($121.5m) | $0 | $0 | $0 | |
| Common Stock Payments | — | — | — | — | $0 | — | — | ($50.0m) | ($50.0m) | |
| Net Common Stock Issuance | — | — | — | — | $0 | — | — | ($50.0m) | ($50.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | — | — | ($50.0m) | ($50.0m) | |
| Cash Dividends Paid | — | — | — | — | ($2.3m) | ($121.5m) | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | — | — | ($52.2m) | ($20.7m) | ($31.9m) | ($24.5m) | ($28.1m) | |
| Net cash (used in) provided by financing activities | $15.4m |
($8.6m)
-156.14%
|
$122.9m
+1526.03%
|
$633.3m
+415.16%
|
($30.4m)
-104.80%
|
$85.5m
+381.46%
|
$209.7m
+145.18%
|
($233.3m)
-211.26%
|
— | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($9.6m) | ($140.3m) | ($167.8m) | $267.4m | ($694.0m) | ($416.9m) | $144.1m | $5.6m | — | |
| Cash, cash equivalents and restricted cash from continuing operations, beginning of period | $1.2b | $1.1b | $924.3m | $1.2b | $846.0m | $429.1m | $573.2m | $521.3m | — | |
| Cash, cash equivalents and restricted cash from discontinued operations, beginning of period | — | — | — | — | — | $0 | $0 | $0 | — | |
| Cash, cash equivalents and restricted cash at beginning of period | — | — | — | — | — | $429.1m | $573.2m | $521.3m | — | |
| Beginning Cash Position | — | — | — | — | $1.5b | $846.0m | $429.1m | $515.6m | $368.9m | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $331k | $4.7m | $2.9m | $8.0m | ($750k) | ($2.1m) | ($771k) | ($469k) | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | ($750k) | ($2.1m) | ($771k) | ($469k) | ($1.2m) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Other non-cash adjustments | ($2.6m) | ($2.0m) | $3.5m | $4.9m | ($175k) | ($538k) | $486k | $3.0m | — | |
| Right-of-use lease assets and operating lease liabilities | — | — | — | ($6.2m) | ($564k) | ($16.3m) | $4.0m | ($2.4m) | — | |
| Purchase of business, net of cash acquired | ($6.1m) | — | $0 | — | $0 | $0 | ($9.4m) | $0 | $0 | |
| Proceeds from sale of MSGE Retained Interest | — | — | — | — | $0 | $204.7m | $256.5m | $0 | — | |
| Capitalized interest | — | — | ($2.1m) | ($34.9m) | ($48.5m) | ($116.0m) | ($25.1m) | $0 | — | |
| Proceeds from dispositions, net | — | — | — | — | $0 | $318.0m | $0 | $48.8m | — | |
| Proceeds from issuance of 3.50% Convertible Senior Notes due 2028 | $0 | $40.0m | $0 | $630.5m | $725.0m | $0 | $251.6m | $0 | — | |
| Proceeds from exercise of stock options | — | — | — | — | $0 | $0 | $8.8m | $6.5m | — | |
| Purchase of capped call related to 3.50% Convertible Senior Notes due 2028 | — | — | — | — | $0 | $0 | ($14.3m) | $0 | — | |
| Proceeds from term loans, net of issuance discount | — | — | — | — | $725.0m | $302.7m | $0 | $0 | — | |
| Noncontrolling interest holders’ capital contributions | $4.0m | $6.3m | $4.3m | $18.5m | $6.4m | $3.0m | $0 | $0 | — | |
| Distribution to MSG Entertainment | — | — | $0 | $0 | ($4.6m) | ($119.1m) | $0 | $0 | — | |
| Repayment of revolving credit facilities | $0 | $0 | ($15.0m) | $0 | ($15.0m) | ($2.0m) | $0 | $0 | — | |
| Distributions to noncontrolling interest holders | ($4.1m) | ($2.2m) | ($4.1m) | $0 | ($7.0m) | ($1.9m) | $0 | $0 | — | |
| Stock repurchases, inclusive of excise tax | — | — | ($293.5m) | $0 | $0 | $0 | $0 | ($50.0m) | — | |
| Non-cash repayment of the Delayed Draw Term Loan Facility | — | — | — | — | $0 | $0 | $65.5m | $0 | — | |
| Non-cash forgiveness of Holoplot Loan | — | — | — | — | $0 | $0 | $9.6m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($30.4m) | $85.5m | $209.7m | ($233.3m) | ($174.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($804.2m) | ($653.9m) | ($45.2m) | ($3.9m) | ($40.0m) | |
| Change In Account Payable | — | — | — | — | $78.4m | $117.3m | ($28.1m) | ($9.0m) | ($895k) | |
| Change In Cash Supplemental As Reported | — | — | — | — | ($694.0m) | ($416.9m) | $144.1m | $5.6m | — | |
| Change In Other Working Capital | — | — | — | — | $59.5m | $181.8m | $34.3m | $115.8m | $87.7m | |
| Change In Payable | — | — | — | — | $78.4m | $117.3m | ($28.1m) | ($9.0m) | ($895k) | |
| Change In Prepaid Assets | — | — | — | — | ($44.0m) | ($178.8m) | ($50.6m) | ($108.2m) | ($61.7m) | |
| Changes In Cash | — | — | — | — | ($693.2m) | ($414.8m) | $144.9m | $6.1m | $184.3m | |
| End Cash Position | — | — | — | — | $846.0m | $429.1m | $573.2m | $521.3m | $553.2m | |
| Financing Cash Flow | — | — | — | — | ($30.4m) |
$85.5m
+381.46%
|
$209.7m
+145.18%
|
($233.3m)
-211.26%
|
($174.4m)
+25.25%
|
|
| Free Cash Flow | — | — | — | — | ($663.9m) | ($1.0b) | ($309.4m) | $191.0m | $359.1m | |
| Interest Received CFI | — | — | — | — | ($48.5m) | ($116.0m) | ($25.1m) | — | ($25.1m) | |
| Investing Cash Flow | — | — | — | — | ($804.2m) | ($653.9m) | ($45.2m) | ($3.9m) | ($40.0m) | |
| Net Business Purchase And Sale | — | — | — | — | $1.1m | $516.7m | $246.3m | $48.8m | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | $0 | $4.4m | $0 | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | $35.8m | ($548.7m) | $23.0m | ($360.2m) | $3.8m | |
| Other Non Cash Items | — | — | — | — | $10.2m | $4.5m | $24.1m | $40.1m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | $0 | $0 | $8.8m | $6.5m | $13.5m | |
| Purchase Of Business | — | — | — | — | $0 | ($5.9m) | ($10.2m) | $0 | $0 | |
| Sale Of Business | — | — | — | — | $1.1m | $522.7m | $256.5m | $48.8m | $0 | |
| Stock Based Compensation | — | — | — | — | $77.1m | $62.7m | $48.0m | $59.0m | $50.2m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | $54.9m | ($548.7m) | $23.0m | $1.6m | $1.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.