MSG Networks Inc. (MSGN) financial statements (2020 and earlier)

Company profile

Business Address 11 PENNSYLVANIA PLAZA
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End June 30
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11622620514112021992
Cash and cash equivalents11622620514112021992
Restricted cash and investments     22 
Receivables128124123122117164135
Prepaid expense6246137037
Contract with customer, asset 1
Other current assets455232423
Other undisclosed current assets12111428 112
Total current assets:267360338286281498400
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment991012141,2081,252
Long-term investments and receivables     249226
Long-term investments     249226
Intangible assets, net (including goodwill)457458462465469938946
Goodwill425425425425425702702
Intangible assets, net (excluding goodwill)3234374144237244
Deferred costs     9 
Other noncurrent assets3939394243125102
Assets held-for-sale, long lived9
Deferred tax assets, net(243)(241)  (524)(520)
Other undisclosed noncurrent assets 243241  515511
Total noncurrent assets:5185075115195252,5212,526
TOTAL ASSETS:7858678508058073,0202,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2230333737245119
Accounts payable111121717
Accrued liabilities111481016128 
Employee-related liabilities915151410100102
Taxes payable  8119  
Deferred revenue1
Debt31112727265  
Asset retirement obligation      0
Due to related parties1113410
Deferred revenue and credits 56329301
Other undisclosed current liabilities 05   184
Total current liabilities:54143111117112575604
Noncurrent Liabilities
Long-term debt and lease obligation1,0799061,1181,2401,413  
Long-term debt, excluding current maturities1,0689061,1181,2401,413  
Operating lease, liability11
Liabilities, other than long-term debt25272274387396665656
Pension and other postretirement defined benefit plans, liabilities76
Deferred revenue0
Contract with customer, liability0
Deferred tax liabilities, net243241352357524520
Liability, pension and other postretirement and postemployment benefits242628303285
Due to related parties    2  
Other liabilities024665660
Other undisclosed noncurrent liabilities24945465761
Total noncurrent liabilities:1,3531,1821,3961,6321,814722717
Total liabilities:1,4081,3261,5071,7491,9271,2961,322
Stockholders' equity
Stockholders' equity attributable to parent, including:(623)(459)(658)(944)(1,120)1,7241,604
Treasury stock, value(417)(180)(196)(199)(208)(143)(8)
Additional paid in capital41047 1,0841,081
Accumulated other comprehensive loss(7)(7)(7)(7)(8)(26)(23)
Retained earnings (accumulated deficit)(203)(282)(460)(747)(905)808553
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:(623)(459)(658)(944)(1,120)1,7241,604
TOTAL LIABILITIES AND EQUITY:7858678508058073,0202,926

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues7127216976756581,6221,556
Revenue, net 3165176184
Cost of revenue
(Cost of Goods and Services Sold)
(307)(300)(291)(272)(268)(972)(996)
Gross profit:406421406404390649560
Operating expenses(419)(411)(383)  (1,321)(1,371)
Other undisclosed operating income (loss)304300291(90)(117)1,158996
Operating income:291310313313274487184
Nonoperating expense(41)(41)(41)(37)(29)(40)(8)
Investment income, nonoperating6643243
Other nonoperating income (expense)    (0)3(1)
Interest and debt expense(38)(48)(43)(40)(32)(7)(7)
Income from continuing operations before equity method investments, income taxes:213221229236213440169
Loss from equity method investments     (41)(1)
Other undisclosed income from continuing operations before income taxes3848434032479
Income from continuing operations before income taxes:250269273276244447177
Income tax expense (benefit)(72)(83)16(108)(81)(192)(61)
Income from continuing operations:178186289167163255115
Loss from discontinued operations   (0)(156)  
Net income available to common stockholders, diluted:1781862891678255115

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:1781862891678255115
Other comprehensive income (loss)(1)(1)11(2)(3)(6)
Comprehensive income, net of tax, attributable to parent:1781852901685252109

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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