Madison Square Garden Entertainment Corp. (MSGE) financial statements (2022 and earlier)
Company profile
| Business Address |
TWO PENNSYLVANIA PLAZA NEW YORK, NY 10121 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| SIC | 79 - Amusement And Recreation Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 1,258 | 1,169 | 1,244 | ||
| Cash and cash equivalents | 1,258 | 1,169 | 907 | ||
| Short-term investments | 337 | ||||
| Restricted cash and investments | 24 | 23 | 18 | ||
| Receivables | 239 | 122 | 80 | ||
| Prepaid expense | 71 | 60 | 62 | ||
| Other current assets | 43 | 38 | 23 | ||
| Total current assets: | 1,635 | 1,412 | 1,427 | ||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 470 | 269 | 220 | ||
| Property, plant and equipment | 2,475 | 2,149 | 1,646 | ||
| Long-term investments and receivables | 46 | 46 | 53 | ||
| Long-term investments | 46 | 46 | 53 | ||
| Intangible assets, net (including goodwill) | 746 | 313 | 289 | ||
| Goodwill | 500 | 78 | 74 | ||
| Intangible assets, net (excluding goodwill) | 246 | 235 | 214 | ||
| Other noncurrent assets | 150 | 128 | 85 | ||
| Total noncurrent assets: | 3,888 | 2,904 | 2,293 | ||
| TOTAL ASSETS: | 5,523 | 4,317 | 3,719 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 385 | 274 | 212 | ||
| Accounts payable | 44 | 24 | 17 | ||
| Accrued liabilities | 268 | 182 | 125 | ||
| Employee-related liabilities | 73 | 68 | 69 | ||
| Taxes payable | 0 | ||||
| Deferred revenue | 256 | 210 | 189 | ||
| Debt | 56 | 6 | 5 | ||
| Due to related parties | 57 | 58 | 18 | ||
| Other undisclosed current liabilities | 115 | 106 | 85 | ||
| Total current liabilities: | 870 | 653 | 510 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 2,057 | 880 | 202 | ||
| Long-term debt, excluding current maturities | 1,607 | 655 | 28 | ||
| Operating lease, liability | 450 | 225 | 174 | ||
| Liabilities, other than long-term debt | 309 | 86 | 91 | ||
| Deferred income tax liabilities | 181 | 12 | 12 | ||
| Liability, pension and other postretirement and postemployment benefits | 53 | ||||
| Other liabilities | 75 | 74 | 78 | ||
| Other undisclosed noncurrent liabilities | 18 | 51 | 42 | ||
| Total noncurrent liabilities: | 2,383 | 1,017 | 335 | ||
| Total liabilities: | 3,253 | 1,670 | 845 | ||
| Temporary equity, carrying amount | 142 | 138 | 21 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 2,112 | 2,497 | 2,842 | ||
| Additional paid in capital | 2,317 | 2,759 | 2,751 | ||
| Accumulated other comprehensive loss | (33) | (27) | (52) | ||
| Retained earnings (accumulated deficit) | (173) | (235) | 142 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 16 | 12 | 12 | ||
| Total stockholders' equity: | 2,128 | 2,509 | 2,854 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,523 | 4,317 | 3,719 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|
| Revenues | 1,205 | 180 | 763 | |
| Revenue from related parties | 57 | 50 | 18 | |
| Cost of revenue (Cost of Goods and Services Sold) | (694) | (172) | (508) | |
| Gross profit: | 511 | 8 | 255 | |
| Operating expenses | (637) | (344) | ||
| Other undisclosed operating loss | (108) | (115) | (315) | |
| Operating loss: | (234) | (450) | (60) | |
| Nonoperating income (expense) | (32) | 45 | 57 | |
| Investment income, nonoperating | 3 | 1 | 18 | |
| Other nonoperating income (expense) | (24) | 51 | 39 | |
| Interest and debt expense | (48) | (0) | (2) | |
| Loss from continuing operations before equity method investments, income taxes: | (314) | (405) | (5) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 5 | 0 | (4) | |
| Loss from continuing operations before income taxes: | (309) | (405) | (10) | |
| Income tax expense (benefit) | (4) | 9 | (5) | |
| Loss before gain (loss) on sale of properties: | (314) | (396) | (15) | |
| Other undisclosed net income | 38 | |||
| Net loss: | (276) | (396) | (15) | |
| Net income (loss) attributable to noncontrolling interest | (6) | 18 | 32 | |
| Net income (loss) attributable to parent: | (282) | (377) | 17 | |
| Preferred stock dividends and other adjustments | (55) | (46) | (21) | |
| Other undisclosed net income available to common stockholders, basic | 55 | 38 | ||
| Net loss available to common stockholders, diluted: | (282) | (386) | (3) | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|
| Net loss: | (276) | (396) | (15) | |
| Other comprehensive income (loss) | (11) | 25 | (6) | |
| Comprehensive loss: | (286) | (371) | (21) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (6) | 18 | 32 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (292) | (352) | 11 | |
Statements sources
The financial statements are based on the company's filings with the 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.