MSGE Q2 2020 Earnings Report — Madison Square Garden Entertainment Corp. Revenue & Financial Results | Market Cap Arena

Madison Square Garden Entertainment Corp.MSGE

Q2 2020 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$394M	—	—	—	—
Op. Income	$70M	—	—	—	—
Gross Margin	46.7%	—	—	—	—
Net Margin	20.6%	—	—	—	—
EPS (Diluted)	$3.39	—	—	—	—
Free Cash Flow	$123M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$394M
Cost of Revenue	$210M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$114M
Operating Expenses	$114M
Cost & Expenses	$324M
OPERATING INCOME	$70M
Interest Income	$6M
Interest Expense	$144.0K
Other Income/Expenses	$14M
INCOME BEFORE TAX	$84M
Income Tax Expense	$1M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$27M
EBIT	$70M
EBITDA	$97M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$394M
Cost of Revenue	$210M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$114M
Operating Expenses	$114M
Cost & Expenses	$324M
OPERATING INCOME	$70M
Interest Income	$6M
Interest Expense	$144.0K
Other Income/Expenses	$14M
INCOME BEFORE TAX	$84M
Income Tax Expense	$1M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$27M
EBIT	$70M
EBITDA	$97M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$81M
Depreciation & Amortization	$27M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	$0
OPERATING CASH FLOW	$123M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$63M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$123M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$998M
Short-Term Investments	$113M
Net Receivables	$92M
Inventory	$0
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.8B
Goodwill	$166M
Intangible Assets	$228M
Long-Term Investments	$63M
Tax Assets	$0
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.6B
Account Payables	$41M
Short-Term Debt	$56M
Deferred Revenue	$186M
Other Current Liabilities	-$41M
TOTAL CURRENT LIABILITIES	$542M
Long-Term Debt	$220M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$105M
TOTAL NON-CURRENT LIABILITIES	$349M
TOTAL LIABILITIES	$891M
Common Stock	$2.6B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$83M
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$276M
Net Debt	$0