MSGS FY 2012 Earnings Report — Madison Square Garden Sports Corp. Revenue & Financial Results | Market Cap Arena

Madison Square Garden Sports Corp.MSGS

FY 2012 Earnings

Reported June 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$729M	—	—	—	—
Op. Income	-$36M	—	—	—	—
Gross Margin	27.2%	—	—	—	—
Net Margin	-5.0%	—	—	—	—
EPS (Diluted)	$-1.41	—	—	—	—
Free Cash Flow	-$285M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$729M
Cost of Revenue	$530M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$172M
Other Expenses	$7M
Operating Expenses	$235M
Cost & Expenses	$765M
OPERATING INCOME	-$36M
Interest Income	$384.0K
Interest Expense	$1M
Other Income/Expenses	$6M
INCOME BEFORE TAX	-$30M
Income Tax Expense	$6M
Net Income from Continuing Ops	-$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$36M
D&A	$63M
EBIT	-$29M
EBITDA	$34M
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	-$36M
Depreciation & Amortization	$63M
Stock-Based Compensation	$11M
Deferred Income Tax	$0
Other Non-Cash Items	$219.0K
Change in Working Capital	$68M
OPERATING CASH FLOW	$106M
Capital Expenditure	-$391M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$32M
NET CASH FROM INVESTING	-$423M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$315M
NET CASH FROM FINANCING	$315M
FREE CASH FLOW	-$285M
Net Change in Cash	-$2M