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Madison Square Garden Sports Corp. (MSGS)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Jun-30-22Jun-30-21Jun-30-20Jun-30-19Jun-30-18Jun-30-17Jun-30-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    MSG Entertainment        506.5415.4
    MSG Sports        812.0699.1
    Corporate and Other         0.9
Total revenues  887.4821.4415.7603.3729.4712.41,318.51,115.3
            Revenue growth   [+]8.0%97.6%-31.1%-17.3%2.4%-46.0%18.2%4.1%
Cost of goods sold  548.8500.6281.9360.0440.1419.1860.4737.9
Gross profit  338.6320.8133.8243.3289.3293.3458.0377.5
            Gross margin  38.2%39.1%32.2%40.3%39.7%41.2%34.7%33.8%
Selling, general and administrative  249.9229.7206.7319.7327.4290.7407.0333.6
Equity in earnings        -30.0-19.1
EBITDA   [+]88.891.1-72.9-0.561.0104.321.124.8
            EBITDA margin  10.0%11.1%-17.5%-0.1%8.4%14.6%1.6%2.2%
Depreciation  3.44.04.589.8114.2116.299.695.9
EBITA  85.387.1-77.4-90.3-53.2-11.9-78.5-71.1
            EBITA margin  9.6%10.6%-18.6%-15.0%-7.3%-1.7%-6.0%-6.4%
Amortization of intangibles  0.21.11.13.65.06.37.86.6
EBIT   [+]85.286.1-78.4-93.9-58.2-18.2-86.3-77.7
            EBIT margin  9.6%10.5%-18.9%-15.6%-8.0%-2.6%-6.5%-7.0%
Interest expense, net   [+]20.511.410.53.83.82.6-7.6-4.8
Other income (expense), net   [+]25.2-0.7-0.3-0.41.3-0.5-2.6-4.0
Pre-tax income  89.973.9-89.3-98.0-60.6-21.3-81.2-77.0
Income taxes  44.325.1-73.420.6-12.6-59.4-4.40.3
            Tax rate  49.3%33.9%82.2% 20.8%279.0%5.4% 
Earnings from continuing ops  45.648.9-15.9-118.6-96.038.1-76.8-77.3
Earnings from discontinued ops     -90.244.996.3  
Net income  45.648.9-15.9-208.9-51.1134.4-76.8-77.3
            Net margin  5.1%6.0%-3.8%-34.6%-7.0%18.9%-5.8%-6.9%
   
Basic EPS   [+]$1.89$2.02($0.66)($4.96)($4.04)$1.61($3.22)($3.12)
Diluted EPS   [+]$1.89$2.00($0.66)($4.96)($4.02)$1.60($3.22)($3.12)
   
Shares outstanding (basic)   [+]24.124.224.123.923.823.623.924.8
Shares outstanding (diluted)   [+]24.224.424.123.923.923.823.924.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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