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Income Statement
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Sphere Entertainment Co. (MSGE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJun-30-23Jun-30-22Jun-30-21Jun-30-20Jun-30-19
   10-K10-K10-K10-K10-K/A
Revenues  571.2608.2647.51,436.01,048.9
            Revenues growth  -6.1%-6.1%-54.9%36.9% 
Direct operating expenses     790.5670.6
Selling, general and administrative expenses     433.2314.5
Depreciation and amortization  -103.4-124.6-122.0112.1109.3
Restructuring charges  -27.913.4   
    Operating (loss) income  -134.6-154.8-201.5235.2-45.6
            Operating margin  -23.6%-25.5%-31.1%16.4%-4.3%
Interest income     22.230.2
Interest expense     36.65.6
Other income (expense), net  536.9-5.5-3.935.1-6.1
    Income (loss) from operations before income taxes     251.5-20.0
Income tax (expense) benefit  -103.429.8-38.9101.70.4
    Net income (loss)  505.7-190.1-166.5149.8-20.5
   
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations       
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations       
    Net income (loss) attributable to Sphere Entertainment Co.’s stockholders  502.8-194.4-148.2181.7-8.2
   
Basic earnings (loss) per common share       
Continuing operations, basic (in dollars per share)  0.00.00.034.9 
   
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders  $14.51($5.77)($4.60)$5.21($0.35)
   
Diluted earnings (loss) per common share       
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders  $14.40($5.77)($4.59)$5.20($0.35)
   
Weighted-average number of common shares outstanding:       
Basic (in shares)  34.734.334.134.90.0
Diluted (in shares)  34.934.334.334.90.0

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