Madison Square Garden Entertainment Corp. (MSGE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
TWO PENNSYLVANIA PLAZA NEW YORK, NY 10121 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 6/30/2024 | 12/31/2023 MRQ | 6/30/2023 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 33,255 | 35,229 | 76,089 | |||
| Cash and cash equivalents | 33,255 | 35,229 | 76,089 | |||
| Restricted cash and investments | 300 | 2,343 | 8,266 | |||
| Receivables | 94,728 | 143,273 | 133,364 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,871 | 4,815 | 2,557 | |||
| Inventory | 3,871 | 4,815 | 2,557 | |||
| Prepaid expense | 19,632 | 52,595 | 58,588 | |||
| Contract with customer, asset, after allowance for credit loss | 7,844 | 7,889 | 11,254 | |||
| Other current assets | 5,128 | 4,109 | 5,163 | |||
| Other undisclosed current assets | 54,326 | |||||
| Total current assets: | 219,084 | 250,253 | 295,281 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 388,658 | 310,219 | 235,790 | |||
| Property, plant and equipment | 633,533 | 626,172 | 628,888 | |||
| Intangible assets, net (including goodwill) | 132,842 | 132,842 | 132,842 | |||
| Goodwill | 69,041 | 69,041 | 69,041 | |||
| Intangible assets, net (excluding goodwill) | 63,801 | 63,801 | 63,801 | |||
| Deferred income tax assets | 68,307 | |||||
| Other noncurrent assets | 110,283 | 100,789 | 108,356 | |||
| Total noncurrent assets: | 1,333,623 | 1,170,022 | 1,105,876 | |||
| TOTAL ASSETS: | 1,552,707 | 1,420,275 | 1,401,157 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 203,750 | 197,256 | 214,725 | |||
| Accounts payable | 26,594 | 34,676 | 15,628 | |||
| Accrued liabilities | 38,314 | 55,152 | 44,027 | |||
| Other undisclosed accounts payable and accrued liabilities | 138,842 | 107,428 | 155,070 | |||
| Deferred revenue | 215,581 | 236,349 | 225,855 | |||
| Debt | 16,250 | 16,250 | 16,250 | |||
| Other liabilities | 42,506 | 52,677 | 47,281 | |||
| Other undisclosed current liabilities | 27,736 | 35,539 | 36,529 | |||
| Total current liabilities: | 505,823 | 538,071 | 540,640 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 599,248 | 605,685 | 630,184 | |||
| Long-term debt, excluding current maturities | 599,248 | 605,685 | 630,184 | |||
| Liabilities, other than long-term debt | 470,801 | 378,566 | 299,805 | |||
| Deferred income tax liabilities | 24,070 | 23,518 | ||||
| Other liabilities | 43,787 | 43,544 | 56,332 | |||
| Operating lease, liability | 427,014 | 310,952 | 219,955 | |||
| Total noncurrent liabilities: | 1,070,049 | 984,251 | 929,989 | |||
| Total liabilities: | 1,575,872 | 1,522,322 | 1,470,629 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (23,690) | (102,047) | (69,472) | |||
| Treasury stock, value | (140,512) | (140,512) | (25,000) | |||
| Additional paid in capital | 33,481 | 25,339 | 17,727 | |||
| Accumulated other comprehensive loss | (32,262) | (33,279) | (34,021) | |||
| Retained earnings (accumulated deficit) | 115,603 | 45,881 | (28,697) | |||
| Other undisclosed equity, attributable to parent | 524 | 519 | ||||
| Other undisclosed equity | 525 | |||||
| Total equity: | (23,165) | (102,047) | (69,472) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,552,707 | 1,420,275 | 1,401,157 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | ||
|---|---|---|---|---|---|
| Revenues | 959,265 | 894,042 | 851,496 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (568,836) | (504,490) | (499,929) | ||
| Gross profit: | 390,429 | 389,552 | 351,567 | ||
| Operating expenses | (224,612) | (208,632) | (186,096) | ||
| Other undisclosed operating loss | (53,876) | (74,048) | (60,463) | ||
| Operating income: | 111,941 | 106,872 | 105,008 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (4,672) | 17,052 | 17,389 | ||
| Interest and debt expense | (56,573) | (51,869) | |||
| Income from continuing operations before equity method investments, income taxes: | 107,269 | 67,351 | 70,528 | ||
| Other undisclosed income from continuing operations before income taxes | |||||
| Income from continuing operations before income taxes: | 107,269 | 67,351 | 70,528 | ||
| Income tax expense (benefit) | 92,009 | (1,392) | (1,728) | ||
| Income from continuing operations: | 199,278 | 65,959 | 68,800 | ||
| Other undisclosed net income (loss) | (54,978) | 5,856 | 7,244 | ||
| Net income: | 144,300 | 71,815 | 76,044 | ||
| Net income attributable to noncontrolling interest | 553 | ||||
| Net income available to common stockholders, diluted: | 144,300 | 71,815 | 76,597 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | ||
|---|---|---|---|---|---|
| Net income: | 144,300 | 71,815 | 76,044 | ||
| Other comprehensive income (loss) | 1,759 | (664) | (795) | ||
| Comprehensive income: | 146,059 | 71,151 | 75,249 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 553 | ||||
| Comprehensive income, net of tax, attributable to parent: | 146,059 | 71,151 | 75,802 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.