Sphere Entertainment Co. financial data

Symbol
SPHR on NYSE
Industry
Services-Amusement & Recreation Services
Location
Two Pennsylvania Plaza, New York, New York
Fiscal year end
June 30
Former names
Madison Square Garden Entertainment Corp. (to 4/17/2023), MSG ENTERTAINMENT SPINCO, INC. (to 4/16/2020)
Latest financial report
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 74.8 % -23.7%
Debt-to-equity 93.4 % -48.1%
Return On Equity 15.1 %
Return On Assets 7.81 %
Operating Margin -47.6 % -75.1%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 1.18B USD -36.2%
Weighted Average Number of Shares Outstanding, Basic 35.4M shares +1.99%
Weighted Average Number of Shares Outstanding, Diluted 35.4M shares +1.99%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 883M USD +51%
Revenue from Contract with Customer, Excluding Assessed Tax 880M USD +98.6%
Operating Income (Loss) -273M USD -64.7%
Nonoperating Income (Expense) -113M USD -513%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -98.2M USD +37.1%
Income Tax Expense (Benefit) 103M USD
Net Income (Loss) Attributable to Parent 383M USD +16.9%
Earnings Per Share, Basic 11.2 USD/shares +18.9%
Earnings Per Share, Diluted 11 USD/shares +18.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 615M USD +42.2%
Accounts Receivable, after Allowance for Credit Loss, Current 214M USD -14.5%
Inventory, Net 1.68M USD
Other Assets, Current 5.42M USD -50.1%
Assets, Current 916M USD -23%
Property, Plant and Equipment, Net 3.22B USD -12.7%
Operating Lease, Right-of-Use Asset 110M USD -67.7%
Intangible Assets, Net (Excluding Goodwill) 82.5M USD
Goodwill 457M USD -8.42%
Other Assets, Noncurrent 99M USD -60.1%
Assets 4.87B USD -19.5%
Accounts Payable, Current 73.7M USD +126%
Employee-related Liabilities, Current 71.6M USD -28%
Accrued Liabilities, Current 138M USD
Contract with Customer, Liability, Current 76.7M USD -71.1%
Liabilities, Current 1.4B USD -0.1%
Deferred Income Tax Liabilities, Net 255M USD +21.6%
Operating Lease, Liability, Noncurrent 130M USD -61.9%
Other Liabilities, Noncurrent 119M USD -16.4%
Liabilities 2.43B USD -37.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax -6.97M USD +85%
Retained Earnings (Accumulated Deficit) 58M USD
Stockholders' Equity Attributable to Parent 2.44B USD +20.9%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2.44B USD +20.1%
Liabilities and Equity 4.87B USD -19.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -94.6M USD -16.6%
Net Cash Provided by (Used in) Financing Activities 50.9M USD
Net Cash Provided by (Used in) Investing Activities 66.5M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 22.6M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 694M USD +93.8%
Deferred Tax Assets, Valuation Allowance 2.92M USD -95.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 93M USD -60.9%
Operating Lease, Liability 120M USD +32.3%
Depreciation 22.2M USD +14.8%
Payments to Acquire Property, Plant, and Equipment 290M USD +64.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 386M USD +12.5%
Lessee, Operating Lease, Liability, to be Paid 185M USD -74.9%
Property, Plant and Equipment, Gross 3.48B USD -25.5%
Operating Lease, Liability, Current 17.7M USD -61.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 17.2M USD -78%
Lessee, Operating Lease, Liability, to be Paid, Year One 10.5M USD -84.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +641%
Deferred Income Tax Expense (Benefit) -91.6M USD -9150%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 64.3M USD -73.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 14.7M USD -74.1%
Deferred Tax Assets, Operating Loss Carryforwards 26.7M USD -84.5%
Deferred Federal Income Tax Expense (Benefit) -27.9M USD +40.8%
Current Income Tax Expense (Benefit) 5.49M USD -92.9%
Preferred Stock, Shares Authorized 15M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11.4M USD -66.2%
Operating Lease, Payments 12.3M USD -14.4%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 6.11M USD -80.8%
Current Federal Tax Expense (Benefit) -620K USD -101%
Amortization of Intangible Assets 3.11M USD 0%
Depreciation, Depletion and Amortization 14.3M USD -52.1%
Deferred Tax Assets, Net of Valuation Allowance 93M USD -60.5%
Share-based Payment Arrangement, Expense 1.17M USD -84.2%
Deferred State and Local Income Tax Expense (Benefit) -3.37M USD +86.1%
Interest Expense 12.8M USD -53.1%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%