MSG Networks Inc. (MSGN) financial statements (2023 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)
Annual | Quarterly

6/30/2020
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 investments19722620514112021992
Cash and cash equivalents19722620514112021992
Restricted cash and investments     22 
Receivables120124123122117164135
Prepaid expense11246137037
Contract with customer, asset 1✕✕✕✕✕
Other current assets555232423
Other undisclosed current assets0111428 112
Total current assets:333360338286281498400
Noncurrent Assets
Operating lease, right-of-use asset17✕✕✕✕✕✕
Property, plant and equipment991012141,2081,252
Long-term investments and receivables     249226
Long-term investments     249226
Intangible assets, net (including goodwill)455458462465469938946
Goodwill425425425425425702702
Intangible assets, net (excluding goodwill)3034374144237244
Deferred costs     9 
Other noncurrent assets3739394243125102
Assets held-for-sale, long lived✕✕✕✕✕✕9
Deferred tax assets, net✕(243)(241)  (524)(520)
Other undisclosed noncurrent assets 243241  515511
Total noncurrent assets:5185075115195252,5212,526
TOTAL ASSETS:8518678508058073,0202,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2730333737245119
Accounts payable211121717
Accrued liabilities101481016128 
Employee-related liabilities1415151410100102
Taxes payable1 8119  
Deferred revenue3✕✕✕✕✕✕
Debt43112727265  
Asset retirement obligation      0
Due to related parties1113410
Deferred revenue and credits✕✕ 56329301
Other undisclosed current liabilities 05   184
Total current liabilities:74143111117112575604
Noncurrent Liabilities
Long-term debt and lease obligation1,0589061,1181,2401,413  
Long-term debt, excluding current maturities1,0449061,1181,2401,413  
Operating lease, liability14✕✕✕✕✕✕
Liabilities, other than long-term debt267272274387396665656
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕76
Deferred revenue0✕✕✕✕✕✕
Contract with customer, liability✕0✕✕✕✕✕
Deferred tax liabilities, net✕243241352357524520
Deferred income tax liabilities240✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits262628303285✕
Due to related parties    2  
Other liabilities224665660
Other undisclosed noncurrent liabilities545465761
Total noncurrent liabilities:1,3301,1821,3961,6321,814722717
Total liabilities:1,4041,3261,5071,7491,9271,2961,322
Stockholders' equity
Stockholders' equity attributable to parent, including:(553)(459)(658)(944)(1,120)1,7241,604
Treasury stock, value(457)(180)(196)(199)(208)(143)(8)
Additional paid in capital131047 1,0841,081
Accumulated other comprehensive loss(8)(7)(7)(7)(8)(26)(23)
Retained earnings (accumulated deficit)(101)(282)(460)(747)(905)808553
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:(553)(459)(658)(944)(1,120)1,7241,604
TOTAL LIABILITIES AND EQUITY:8518678508058073,0202,926

Income statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues6867216976756581,6221,556
Revenue, net✕✕ 3165176184
Cost of revenue
(Cost of Goods and Services Sold)		(283)(300)(291)(272)(268)(972)(996)
Gross profit:403421406404390649560
Operating expenses(391)(411)(383)  (1,321)(1,371)
Other undisclosed operating income (loss)283300291(90)(117)1,158996
Operating income:295310313313274487184
Nonoperating expense(36)(41)(41)(37)(29)(40)(8)
Investment income, nonoperating4643243
Other nonoperating income (expense)    (0)3(1)
Interest and debt expense(3)(48)(43)(40)(32)(7)(7)
Income from continuing operations before equity method investments, income taxes:256221229236213440169
Loss from equity method investments     (41)(1)
Other undisclosed income from continuing operations before income taxes348434032479
Income from continuing operations before income taxes:259269273276244447177
Income tax expense (benefit)(74)(83)16(108)(81)(192)(61)
Income from continuing operations:185186289167163255115
Loss from discontinued operations   (0)(156)  
Net income available to common stockholders, diluted:1851862891678255115

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:1851862891678255115
Other comprehensive income (loss)(1)(1)11(2)(3)(6)
Comprehensive income, net of tax, attributable to parent:1851852901685252109

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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