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
Q1
6/30/2024
Q4
3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,25528,00835,22937,17976,08938,062
Cash and cash equivalents33,25528,00835,22937,17976,089 
Short-term investments      38,062
Restricted cash and investments3003002,3432,3378,266 
Receivables94,728138,250143,273147,648133,364211,105
Inventory, net of allowances, customer advances and progress billings3,8714,3144,8153,3612,5573,231
Inventory3,8714,3144,8153,3612,5573,231
Prepaid expense19,63229,38352,59577,45858,58856,927
Contract with customer, asset, after allowance for credit loss7,8448,5847,8897,70811,2547,548
Other current assets5,1284,4294,1097,8885,1635,786
Other undisclosed current assets54,32642,530   85,716
Total current assets:219,084255,798250,253283,579295,281408,375
Noncurrent Assets
Operating lease, right-of-use asset388,658307,435310,219229,038235,790248,366
Property, plant and equipment633,533636,014626,172619,928628,888637,644
Intangible assets, net (including goodwill)132,842132,842132,842132,842132,842132,842
Goodwill69,04169,04169,04169,04169,04169,041
Intangible assets, net (excluding goodwill)63,80163,80163,80163,80163,80163,801
Deferred income tax assets68,307     
Other noncurrent assets110,283126,482100,78983,150108,356118,506
Total noncurrent assets:1,333,6231,202,7731,170,0221,064,9581,105,8761,137,358
TOTAL ASSETS:1,552,7071,458,5711,420,2751,348,5371,401,1571,545,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:203,750205,076197,256187,187214,725199,796
Accounts payable26,59423,49834,67618,71515,62818,712
Accrued liabilities38,31450,11055,15243,06044,02741,159
Other undisclosed accounts payable and accrued liabilities138,842131,468107,428125,412155,070139,925
Deferred revenue215,581251,270236,349289,027225,855258,132
Debt16,25016,25016,25020,31316,25016,250
Other liabilities42,50646,59652,67769,91447,281 
Due to related parties42,620
Other undisclosed current liabilities27,73631,57035,53938,21136,52938,298
Total current liabilities:505,823550,762538,071604,652540,640555,096
Noncurrent Liabilities
Long-term debt and lease obligation599,248602,468605,685699,427630,184643,311
Long-term debt, excluding current maturities599,248602,468605,685699,427630,184643,311
Liabilities, other than long-term debt470,801399,904378,566279,659299,805303,823
Deferred income tax liabilities  24,15124,07022,90023,51823,377
Other liabilities43,78744,85143,54443,73956,33250,945
Operating lease, liability427,014330,902310,952213,020219,955229,501
Total noncurrent liabilities:1,070,0491,002,372984,251979,086929,989947,134
Total liabilities:1,575,8721,553,1341,522,3221,583,7381,470,6291,502,230
Equity
Equity, attributable to parent, including:(23,690)(94,563)(102,047)(235,201)(69,472)43,503
Treasury stock, value(140,512)(140,512)(140,512)(140,512)(25,000) 
Additional paid in capital33,48129,65625,33917,98017,727 
Accumulated other comprehensive loss(32,262)(32,907)(33,279)(33,824)(34,021)(33,862)
Retained earnings (accumulated deficit)115,60348,67645,881(79,368)(28,697) 
Other undisclosed equity, attributable to parent 52452452351977,365
Other undisclosed equity 525     
Total equity:(23,165)(94,563)(102,047)(235,201)(69,472)43,503
TOTAL LIABILITIES AND EQUITY:1,552,7071,458,5711,420,2751,348,5371,401,1571,545,733

Income Statement (P&L) ($ in thousands)

9/30/2024
Q1
6/30/2024
Q4
3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
Revenues186,074228,313402,666142,212147,935201,229
Revenue from related parties41,594
Cost of revenue
(Cost of Goods and Services Sold)
(122,377)(155,203)(215,966)(101,677)(56,916)(129,931)
Gross profit:63,69773,110186,70040,53591,01971,298
Operating expenses(58,653)(56,307)(49,277)(60,375)(52,346)(46,634)
Other undisclosed operating loss (13,904)  (13,585)(60,463) 
Operating income (loss):(8,860)16,803137,423(33,425)(21,790)24,664
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,127)782,846(4,469)10,6058,070
Interest and debt expense(14,193)(14,425)(15,049)(14,287)(13,814)(13,423)
Income (loss) from continuing operations before equity method investments, income taxes:(26,180)2,456125,220(52,181)(24,999)19,311
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(26,180)2,456125,220(52,181)(24,999)19,311
Income tax expense (benefit)92,406(2)(1,054)659(924)(73)
Income (loss) from continuing operations:66,2262,454124,166(51,522)(25,923)19,238
Other undisclosed net income 7013411,0838511,4402,482
Net income (loss) available to common stockholders, diluted:66,9272,795125,249(50,671)(24,483)21,720

Comprehensive Income ($ in thousands)

9/30/2024
Q1
6/30/2024
Q4
3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
Net income (loss):66,9272,795125,249(50,671)(24,483)21,720
Other comprehensive income (loss) 645372545197(1,673)267
Comprehensive income (loss):67,5723,167125,794(50,474)(26,156)21,987
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:67,5723,167125,794(50,474)(26,156)21,987

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.

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