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 investments1,2581,1691,244
Cash and cash equivalents1,2581,169907
Short-term investments  337
Restricted cash and investments242318
Receivables23912280
Prepaid expense716062
Other current assets433823
Total current assets:1,6351,4121,427
Noncurrent Assets
Operating lease, right-of-use asset470269220
Property, plant and equipment2,4752,1491,646
Long-term investments and receivables464653
Long-term investments464653
Intangible assets, net (including goodwill)746313289
Goodwill5007874
Intangible assets, net (excluding goodwill)246235214
Other noncurrent assets15012885
Total noncurrent assets:3,8882,9042,293
TOTAL ASSETS:5,5234,3173,719
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385274212
Accounts payable442417
Accrued liabilities268182125
Employee-related liabilities736869
Taxes payable0  
Deferred revenue256210189
Debt5665
Due to related parties575818
Other undisclosed current liabilities11510685
Total current liabilities:870653510
Noncurrent Liabilities
Long-term debt and lease obligation2,057880202
Long-term debt, excluding current maturities1,60765528
Operating lease, liability450225174
Liabilities, other than long-term debt3098691
Deferred income tax liabilities1811212
Liability, pension and other postretirement and postemployment benefits53  
Other liabilities757478
Other undisclosed noncurrent liabilities185142
Total noncurrent liabilities:2,3831,017335
Total liabilities:3,2531,670845
Temporary equity, carrying amount14213821
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1122,4972,842
Additional paid in capital2,3172,7592,751
Accumulated other comprehensive loss(33)(27)(52)
Retained earnings (accumulated deficit)(173)(235)142
Other undisclosed stockholders' equity attributable to parent000
Stockholders' equity attributable to noncontrolling interest161212
Total stockholders' equity:2,1282,5092,854
TOTAL LIABILITIES AND EQUITY:5,5234,3173,719

Income statement (P&L) ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
Revenues1,205180763
Revenue from related parties575018
Cost of revenue
(Cost of Goods and Services Sold)
(694)(172)(508)
Gross profit:5118255
Operating expenses(637)(344) 
Other undisclosed operating loss(108)(115)(315)
Operating loss:(234)(450)(60)
Nonoperating income (expense)(32)4557
Investment income, nonoperating3118
Other nonoperating income (expense)(24)5139
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 taxes50(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 income38  
Net loss:(276)(396)(15)
Net income (loss) attributable to noncontrolling interest(6)1832
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, basic5538 
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)1832
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.

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