Madison Square Garden Sports Corp. (MSGS) Financial Statements (2024 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)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,880 | 77,212 | 91,018 | 64,902 | 77,852 | 1,194,788 | |||
| Cash and cash equivalents | 37,880 | 40,398 | 91,018 | 64,902 | 77,852 | 1,086,372 | |||
| Short-term investments | 36,814 | 108,416 | |||||||
| Restricted cash and investments | 3,352 | 61 | 7,134 | 12,821 | 31,529 | ||||
| Receivables | 75,573 | 80,617 | 7,538 | 98,339 | |||||
| Prepaid expense | 55,661 | 24,768 | 18,810 | 16,724 | 20,634 | 45,150 | |||
| Other current assets | 28,738 | 27,898 | 19,868 | 15,869 | 9,433 | 43,303 | |||
| Other undisclosed current assets | 90,002 | 19,294 | |||||||
| Total current assets: | 215,633 | 149,233 | 205,269 | 185,246 | 128,278 | 1,413,109 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 706,569 | 715,283 | 686,782 | 703,521 | 718,051 | ✕ | |||
| Property, plant and equipment | 29,697 | 30,501 | 32,892 | 35,716 | 39,597 | 1,380,392 | |||
| Long-term investments and receivables | 84,560 | ||||||||
| Long-term investments | 84,560 | ||||||||
| Intangible assets, net (including goodwill) | 330,167 | 330,167 | 339,735 | 340,794 | 341,853 | 789,704 | |||
| Goodwill | 226,523 | 226,523 | 226,955 | 226,955 | 226,955 | 392,513 | |||
| Intangible assets, net (excluding goodwill) | 103,644 | 103,644 | 112,780 | 113,839 | 114,898 | 397,191 | |||
| Deferred costs | 16,842 | 14,406 | |||||||
| Deferred income tax assets | 15,943 | ✕ | |||||||
| Other noncurrent assets | 24,271 | 22,459 | 37,288 | 28,719 | 6,019 | 95,786 | |||
| Other undisclosed noncurrent assets | 45,270 | 52,968 | |||||||
| Total noncurrent assets: | 1,152,816 | 1,165,784 | 1,096,697 | 1,124,693 | 1,105,520 | 2,350,442 | |||
| TOTAL ASSETS: | 1,368,449 | 1,315,017 | 1,301,966 | 1,309,939 | 1,233,798 | 3,763,551 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 100,640 | 161,871 | 256,617 | 148,213 | 106,823 | 374,072 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 119,279 | 90,269 | 71,451 | 137,660 | ||
| Accounts payable | 11,263 | 2,226 | 2,301 | 25,009 | |||||
| Accrued liabilities | 100,640 | 161,871 | 126,075 | 55,718 | 33,071 | 211,403 | |||
| Deferred revenue | 257,626 | 157,051 | 132,369 | 131,025 | 126,348 | ✕ | |||
| Debt | 30,000 | 30,000 | 30,000 | 30,000 | 39,131 | 6,042 | |||
| Deferred compensation liability | 476 | 1,358 | |||||||
| Due to related parties | ✕ | ✕ | 19,624 | 17,089 | 17,952 | 19,048 | |||
| Other undisclosed current liabilities | 171,695 | 170,248 | (311) | 41,951 | 360,622 | ||||
| Total current liabilities: | 560,437 | 520,528 | 438,299 | 368,278 | 290,254 | 759,784 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 330,000 | 295,000 | 919,587 | 1,046,152 | 1,029,053 | 48,556 | |||
| Long-term debt, excluding current maturities | 330,000 | 295,000 | 220,000 | 355,000 | 350,000 | 48,556 | |||
| Liabilities, other than long-term debt | 782,848 | 800,701 | 48,659 | 39,635 | 67,899 | 186,809 | |||
| Deferred revenue | 1,405 | 12,666 | 31,122 | 31,603 | ✕ | ||||
| Deferred compensation liability, classified | 16,366 | 13,048 | 2,613 | ||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 79,098 | ||
| Deferred income tax liabilities | 19,535 | 24,024 | 8,917 | 57,721 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 4,539 | 4,526 | 5,005 | 6,283 | 7,014 | 41,318 | |||
| Due to related parties | ✕ | ✕ | 172 | ||||||
| Other liabilities | 1,002 | 1,749 | 3,164 | 66,221 | |||||
| Operating lease, liability | 741,003 | 746,437 | 699,587 | 691,152 | 679,053 | ✕ | |||
| Other undisclosed noncurrent liabilities | 34,353 | 36,022 | 40,798 | 57,740 | 50,027 | 62,015 | |||
| Total noncurrent liabilities: | 1,147,201 | 1,131,723 | 1,009,044 | 1,143,527 | 1,146,979 | 297,380 | |||
| Total liabilities: | 1,707,638 | 1,652,251 | 1,447,343 | 1,511,805 | 1,437,233 | 1,057,164 | |||
| Temporary equity, carrying amount | 67,627 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (339,438) | (337,234) | (147,089) | (204,308) | (206,986) | 2,620,500 | |||
| Treasury stock, value | (171,400) | (179,410) | (128,026) | (146,734) | (167,431) | (207,790) | |||
| Additional paid in capital | 11,471 | 16,846 | 17,573 | 23,102 | 5,940 | 2,845,961 | |||
| Accumulated other comprehensive loss | (997) | (1,009) | (1,186) | (2,027) | (2,139) | (46,923) | |||
| Retained earnings (accumulated deficit) | (178,512) | (173,910) | (35,699) | (78,898) | (43,605) | 29,003 | |||
| Other undisclosed equity, attributable to parent | 249 | 249 | 249 | 249 | 249 | ||||
| Equity, attributable to noncontrolling interest | 1,712 | 2,442 | 3,551 | 18,260 | |||||
| Other undisclosed equity | 249 | ||||||||
| Total equity: | (339,189) | (337,234) | (145,377) | (201,866) | (203,435) | 2,638,760 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,368,449 | 1,315,017 | 1,301,966 | 1,309,939 | 1,233,798 | 3,763,551 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 879,608 | 887,447 | 821,354 | 415,721 | 603,319 | 1,631,068 | ||
| Revenue from related parties | ✕ | 84,024 | 178,696 | 147,029 | 138,881 | 164,406 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (555,173) | (548,811) | (500,564) | (281,890) | (359,970) | (997,077) | ||
| Gross profit: | 324,435 | 338,636 | 320,790 | 133,831 | 243,349 | 633,991 | ||
| Operating expenses | (239,258) | (253,462) | (234,710) | (212,274) | ||||
| Other undisclosed operating loss | (1,630) | (337,215) | (647,865) | |||||
| Operating income (loss): | 83,547 | 85,174 | 86,080 | (78,443) | (93,866) | (13,874) | ||
| Nonoperating income (expense) | 10,468 | 27,631 | (413) | (314) | 279 | 25,453 | ||
| Investment income, nonoperating | 2,541 | 2,392 | 313 | 32 | 700 | 30,205 | ||
| Other nonoperating income (expense) | 15,346 | 25,239 | (726) | (346) | (421) | (4,752) | ||
| Interest and debt expense | (27,841) | (22,884) | (11,735) | (10,561) | (4,461) | (3,977) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 66,174 | 89,921 | 73,932 | (89,318) | (98,048) | 7,602 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 7,419 | (9,371) | ||||||
| Income (loss) from continuing operations before income taxes: | 73,593 | 89,921 | 73,932 | (89,318) | (98,048) | (1,769) | ||
| Income tax expense (benefit) | (35,871) | (44,293) | (25,052) | 73,421 | (20,593) | (1,348) | ||
| Income (loss) from continuing operations: | 37,722 | 45,628 | 48,880 | (15,897) | (118,641) | (3,117) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 48,880 | (15,897) | (208,863) | (3,117) | |
| Loss from discontinued operations | (90,222) | |||||||
| Net income (loss): | 37,722 | 45,628 | 48,880 | (15,897) | (208,863) | (3,117) | ||
| Net income attributable to noncontrolling interest | 14,544 | |||||||
| Other undisclosed net income attributable to parent | 803 | 2,165 | 2,251 | 1,943 | 26,475 | |||
| Net income (loss) attributable to parent: | 38,525 | 47,793 | 51,131 | (13,954) | (182,388) | 11,427 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 9 | (2,042) | ||||||
| Net income (loss) available to common stockholders, diluted: | 38,534 | 45,751 | 51,131 | (13,954) | (182,388) | 11,427 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 37,722 | 45,628 | 48,880 | (15,897) | (208,863) | (3,117) | ||
| Other comprehensive income (loss) | 183 | 177 | 841 | 112 | (4,128) | (5,575) | ||
| Comprehensive income (loss): | 37,905 | 45,805 | 49,721 | (15,785) | (212,991) | (8,692) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 803 | 2,165 | 2,251 | 1,943 | 26,475 | 14,544 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 38,708 | 47,970 | 51,972 | (13,842) | (186,516) | 5,852 | ||
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.