MSG Networks Inc. (MSGN) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments284197226205141120219
Cash and cash equivalents284197226205141120219
Restricted cash and investments      22
Receivables103120124123122117164
Prepaid expense20112461370
Contract with customer, asset0 1
Other current assets45552324
Other undisclosed current assets00111428 
Total current assets:411333360338286281498
Noncurrent Assets
Operating lease, right-of-use asset1517
Property, plant and equipment8991012141,208
Long-term investments and receivables      249
Long-term investments      249
Intangible assets, net (including goodwill)453455458462465469938
Goodwill425425425425425425702
Intangible assets, net (excluding goodwill)293034374144237
Deferred costs      9
Other noncurrent assets363739394243125
Deferred tax assets, net(243)(241)  (524)
Other undisclosed noncurrent assets  243241  515
Total noncurrent assets:5115185075115195252,521
TOTAL ASSETS:9228518678508058073,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities212730333737245
Accounts payable02111217
Accrued liabilities8101481016128
Employee-related liabilities101415151410100
Taxes payable21 8119 
Deferred revenue23
Debt4843112727265 
Due to related parties2111341
Deferred revenue and credits 56329
Other undisclosed current liabilities5 05   
Total current liabilities:7974143111117112575
Noncurrent Liabilities
Long-term debt and lease obligation1,0311,0589061,1181,2401,413 
Long-term debt, excluding current maturities1,0201,0449061,1181,2401,413 
Operating lease, liability1114
Liabilities, other than long-term debt275267272274387396665
Deferred revenue 0
Contract with customer, liability0
Deferred tax liabilities, net243241352357524
Deferred income tax liabilities248240
Liability, pension and other postretirement and postemployment benefits25262628303285
Due to related parties     2 
Other liabilities12246656
Other undisclosed noncurrent liabilities55454657
Total noncurrent liabilities:1,3111,3301,1821,3961,6321,814722
Total liabilities:1,3901,4041,3261,5071,7491,9271,296
Stockholders' equity
Stockholders' equity attributable to parent, including:(468)(553)(459)(658)(944)(1,120)1,724
Treasury stock, value(450)(457)(180)(196)(199)(208)(143)
Additional paid in capital14131047 1,084
Accumulated other comprehensive loss(8)(8)(7)(7)(7)(8)(26)
Retained earnings (accumulated deficit)25(101)(282)(460)(747)(905)808
Other undisclosed stockholders' equity attributable to parent(49)111111
Total stockholders' equity:(468)(553)(459)(658)(944)(1,120)1,724
TOTAL LIABILITIES AND EQUITY:9228518678508058073,020

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues6416867216976756581,622
Revenue, net 3165176
Cost of revenue
(Cost of Goods and Services Sold)
(254)(283)(300)(291)(272)(268)(972)
Gross profit:387403421406404390649
Operating expenses(382)(391)(411)(383)  (1,321)
Other undisclosed operating income (loss)286283300291(90)(117)1,158
Operating income:290295310313313274487
Nonoperating expense(24)(36)(41)(41)(37)(29)(40)
Investment income, nonoperating2464324
Interest and debt expense(20)(3)(48)(43)(40)(32)(7)
Income from continuing operations before equity method investments, income taxes:246256221229236213440
Loss from equity method investments      (41)
Other undisclosed income from continuing operations before income taxes2034843403247
Income from continuing operations before income taxes:266259269273276244447
Income tax expense (benefit)(87)(74)(83)16(108)(81)(192)
Income from continuing operations:179185186289167163255
Loss from discontinued operations    (0)(156) 
Net income available to common stockholders, diluted:1791851862891678255

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:1791851862891678255
Other comprehensive income (loss)(1)(1)(1)11(2)(3)
Comprehensive income, net of tax, attributable to parent:1781851852901685252

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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