Sphere Entertainment (SPHR) Financials

$37.90 -0.11 (-0.28%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$37.96 +0.05 (+0.13%)

As of 07:00 AM Eastern

Annual Income Statements for Sphere Entertainment

This table shows Sphere Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018
Net Income / (Loss) Attributable to Common Shareholders	-201	503	-194	-148	182	-8.22	6.90
Consolidated Net Income / (Loss)	-201	506	-190	-167	150	-20	1.89
Net Income / (Loss) Continuing Operations	-225	172	-138	4.62	150	-20	1.89
Total Pre-Tax Income	-360	275	-168	44	252	-20	-29
Total Operating Income	-341	-273	-166	65	235	-46	-31
Total Gross Profit	1,027	574	610	648	1,436	1,049	989
Total Revenue	1,027	574	610	648	1,436	1,049	989
Operating Revenue	1,027	574	610	648	1,436	1,049	989
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	1,368	920	900	688	1,201	1,095	1,020
Selling, General & Admin Expense	433	452	420	295	433	315	273
Depreciation Expense	256	103	147	122	112	109	112
Other Operating Expenses / (Income)	548	342	320	263	790	671	635
Impairment Charge	121	-6.12	-0.25	0.00	106	0.00	0.00
Restructuring Charge	9.49	28	13	8.06	0.00	0.00	-
Total Other Income / (Expense), net	-19	548	-1.94	-21	16	26	2.34
Interest Expense	80	0.00	0.00	20	37	5.59	12
Interest & Investment Income	26	12	3.58	3.17	18	37	18
Other Income / (Expense), net	35	537	-5.52	-3.94	35	-6.06	-3.10
Income Tax Expense	-136	103	-60	39	102	0.44	-31
Net Income / (Loss) Discontinued Operations	24	334	-52	-171	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	2.91	4.25	-18	-32	-12	-5.01
Basic Earnings per Share	($5.68)	$14.51	($5.77)	($4.60)	$5.21	($0.35)	$0.29
Weighted Average Basic Shares Outstanding	35.30M	34.65M	34.26M	34.08M	34.86M	23.99M	23.99M
Diluted Earnings per Share	($5.68)	$14.40	($5.77)	($4.59)	$5.20	($0.35)	$0.29
Weighted Average Diluted Shares Outstanding	35.30M	34.93M	34.26M	34.25M	34.94M	23.99M	23.99M
Weighted Average Basic & Diluted Shares Outstanding	35.36M	34.68M	34.25M	33.96M	24.02M	-	-

This table shows Sphere Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022	3/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-105	-47	-47	-173	66	537	-57	68	-45	-100	-17
Consolidated Net Income / (Loss)	-105	-47	-47	-173	66	538	-59	71	-44	-99	-19
Net Income / (Loss) Continuing Operations	-105	-71	-47	-173	67	360	-114	-27	-46	-46	-20
Total Pre-Tax Income	-138	-93	-63	-181	-23	475	-103	-48	-48	-67	-14
Total Operating Income	-118	-71	-40	-160	-70	-70	-102	-50	-51	-119	0.87
Total Gross Profit	228	273	321	314	118	129	162	160	123	-553	353
Total Revenue	228	273	321	314	118	129	162	160	123	-553	353
Operating Revenue	228	273	321	314	118	129	162	160	123	-553	353
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	346	345	362	474	188	248	264	209	198	-310	352
Selling, General & Admin Expense	119	107	123	116	87	110	143	104	95	-36	119
Depreciation Expense	82	82	80	80	14	58	8.20	7.39	30	67	20
Other Operating Expenses / (Income)	140	151	154	160	84	85	94	90	73	-340	198
Impairment Charge	4.03	-	0.00	117	-1.50	-	0.00	-1.00	-	0.16	-0.25
Restructuring Charge	0.91	0.14	4.67	1.29	3.39	1.18	19	8.08	0.00	-	15
Total Other Income / (Expense), net	-21	-22	-23	-21	47	545	-0.81	1.31	2.92	51	-15
Interest Expense	27	31	27	26	0.00	3.33	0.00	0.00	-3.33	-23	5.53
Interest & Investment Income	7.04	-	7.65	5.93	4.38	-	3.37	2.67	-	1.26	0.77
Other Income / (Expense), net	-0.70	-2.61	-3.26	-1.13	42	543	-4.18	-1.36	-0.42	27	-10
Income Tax Expense	-33	-22	-16	-7.47	-90	115	11	-21	-1.83	-51	6.35
Net Income / (Loss) Discontinued Operations	0.00	25	0.00	0.00	-0.65	178	55	98	2.26	-	0.99
Basic Earnings per Share	($2.95)	($1.34)	($1.33)	($4.91)	$1.90	$15.50	($1.64)	$1.95	($1.30)	($3.01)	($0.51)
Weighted Average Basic Shares Outstanding	35.66M	35.30M	35.42M	35.31M	34.91M	34.65M	34.73M	34.68M	34.40M	34.26M	34.32M
Diluted Earnings per Share	($2.95)	($1.33)	($1.33)	($4.91)	$1.89	$15.39	($1.64)	$1.95	($1.30)	($3.01)	($0.51)
Weighted Average Diluted Shares Outstanding	35.66M	35.30M	35.42M	35.31M	35.23M	34.93M	34.73M	34.71M	34.40M	34.26M	34.32M
Weighted Average Basic & Diluted Shares Outstanding	35.79M	35.36M	35.33M	35.14M	35.11M	34.68M	34.56M	34.55M	34.55M	34.25M	34.21M

This table details how cash moves in and out of Sphere Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018
Net Change in Cash & Equivalents	145	-417	-694	411	-197	-140	-9.88
Net Cash From Operating Activities	-20	154	141	-59	308	101	144
Net Cash From Continuing Operating Activities	-20	154	141	-59	308	101	144
Net Income / (Loss) Continuing Operations	-201	506	-190	-167	150	-20	1.89
Consolidated Net Income / (Loss)	-201	506	-190	-167	150	-20	1.89
Depreciation Expense	256	103	125	122	112	109	112
Amortization Expense	24	5.06	8.73	6.27	2.76	1.21	-
Non-Cash Adjustments To Reconcile Net Income	197	-701	192	42	49	16	53
Changes in Operating Assets and Liabilities, net	-296	240	5.79	-62	-5.69	-4.67	-23
Net Cash From Investing Activities	-45	-654	-804	-123	-395	-238	-170
Net Cash From Continuing Investing Activities	-45	-654	-804	-123	-395	-238	-170
Purchase of Property, Plant & Equipment	-265	-1,059	-757	-456	-455	-184	-187
Acquisitions	-10	-5.95	0.00	0.00	-1.05	-62	-17
Purchase of Investments	0.00	0.00	1.06	0.20	-443	-113	-1.50
Divestitures	257	523	0.00	0.00	218	0.00	0.00
Sale and/or Maturity of Investments	0.00	4.37	0.00	368	288	121	37
Other Investing Activities, net	-27	-116	-49	-35	-1.58	0.00	0.00
Net Cash From Financing Activities	210	86	-30	593	-114	-8.62	15
Net Cash From Continuing Financing Activities	210	86	-30	593	-114	-8.62	15
Repayment of Debt	-20	-80	-770	-61	-60	-112	-0.69
Repurchase of Common Equity	0.00	0.00	-4.64	0.00	-294	-	-
Payment of Dividends	0.00	-121	-7.00	0.00	-4.06	-2.19	-4.12
Issuance of Debt	252	303	764	646	100	56	0.00
Other Financing Activities, net	-22	-16	-13	8.56	140	44	16

This table details how cash moves in and out of Sphere Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022	3/31/2022
Net Change in Cash & Equivalents	-20	-120	66	176	23	71	-196	95	-386	-175	-261
Net Cash From Operating Activities	34	-72	101	46	-95	16	83	136	-81	35	-27
Net Cash From Continuing Operating Activities	34	-72	101	46	-95	16	83	136	-81	35	-27
Net Income / (Loss) Continuing Operations	-105	-47	-47	-173	66	538	-59	71	-44	-99	-19
Consolidated Net Income / (Loss)	-105	-47	-47	-173	66	538	-59	71	-44	-99	-19
Depreciation Expense	82	82	80	80	14	14	30	29	30	36	29
Amortization Expense	7.15	8.06	8.85	5.61	1.09	0.88	1.55	1.33	1.30	-17	9.18
Non-Cash Adjustments To Reconcile Net Income	22	23	19	130	24	-752	19	18	14	97	18
Changes in Operating Assets and Liabilities, net	28	-139	40	4.42	-200	215	91	17	-83	19	-63
Net Cash From Investing Activities	-20	-25	-21	-66	66	172	-250	-291	-285	-256	-215
Net Cash From Continuing Investing Activities	-20	-25	-21	-66	66	172	-250	-291	-285	-255	-216
Purchase of Property, Plant & Equipment	-19	-15	-19	-66	-165	-294	-206	-289	-270	-240	-203
Purchase of Investments	-0.57	0.05	-	-	0.00	7.75	-	-	-	-	-
Divestitures	0.00	-	-	-	257	523	-	-	0.00	-	-
Other Investing Activities, net	-0.50	-0.08	-1.70	-	-25	-29	-36	-30	-20	-16	-13
Net Cash From Financing Activities	-36	-23	-13	195	51	-115	-29	249	-20	47	-20
Net Cash From Continuing Financing Activities	-36	-23	-13	195	51	-115	-29	249	-20	48	-21
Repayment of Debt	-21	-22	-21	23	65	-22	-28	-18	-13	-710	-15
Other Financing Activities, net	-15	-1.31	8.21	-80	-14	-1.65	-0.82	0.49	-14	5.39	-2.15
Effect of Exchange Rate Changes	1.10	-	-	-	-0.08	-	-	-	-	-	0.59

This table presents Sphere Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019
Total Assets	4,788	4,973	5,522	5,290	3,734	3,316
Total Current Assets	866	624	1,219	1,873	1,427	1,347
Cash & Equivalents	573	-	760	1,517	907	1,082
Accounts Receivable	238	139	124	217	80	83
Prepaid Expenses	55	56	27	116	62	24
Plant, Property, & Equipment, net	3,158	3,307	2,158	2,156	1,660	1,349
Total Noncurrent Assets	764	1,042	2,146	1,261	647	620
Goodwill	470	457	457	502	74	166
Intangible Assets	32	18	21	262	214	280
Other Noncurrent Operating Assets	262	567	116	447	305	90
Total Liabilities & Shareholders' Equity	4,788	4,973	5,522	5,290	3,734	3,316
Total Liabilities	2,372	2,389	3,363	2,972	845	662
Total Current Liabilities	1,374	692	961	730	510	474
Short-Term Debt	849	83	66	54	5.43	6.04
Accounts Payable	417	516	277	50	36	43
Current Deferred Revenue	80	27	4.32	210	189	187
Other Current Liabilities	27	67	6.55	73	85	67
Total Noncurrent Liabilities	999	1,697	2,401	2,242	335	188
Long-Term Debt	523	1,118	930	1,651	28	49
Noncurrent Deferred & Payable Income Tax Liabilities	225	380	144	200	12	23
Other Noncurrent Operating Liabilities	251	199	176	391	252	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	2,416	2,584	1,975	2,180	2,868	2,586
Total Preferred & Common Equity	2,416	2,584	1,963	2,169	2,856	2,572
Total Common Equity	2,416	2,584	1,963	2,169	2,856	2,572
Common Stock	2,411	2,377	2,302	2,295	2,766	0.00
Retained Earnings	11	212	-291	-96	142	0.00
Accumulated Other Comprehensive Income / (Loss)	-6.57	-4.94	-48	-30	-52	-47

This table presents Sphere Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	3/31/2024	12/31/2023	9/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Total Assets	4,593	4,869	4,883	4,865	6,049	5,850	5,426	5,580
Total Current Assets	736	916	879	674	1,190	916	841	1,458
Cash & Equivalents	553	-	628	452	327	554	459	999
Accounts Receivable	127	192	204	156	214	208	202	310
Prepaid Expenses	56	30	47	66	146	154	180	77
Plant, Property, & Equipment, net	3,092	3,220	3,288	3,471	3,690	3,509	3,226	2,707
Total Noncurrent Assets	764	733	717	719	1,169	1,424	1,359	1,415
Goodwill	470	457	457	457	499	500	500	500
Intangible Assets	30	16	16	17	82	217	222	241
Other Noncurrent Operating Assets	264	260	193	195	588	707	637	629
Total Liabilities & Shareholders' Equity	4,593	4,869	4,883	4,865	6,049	5,850	5,426	5,580
Total Liabilities	2,278	2,425	2,418	2,229	3,877	3,641	3,322	3,321
Total Current Liabilities	1,315	1,399	1,399	643	1,400	964	920	965
Short-Term Debt	829	870	890	103	99	103	86	66
Accounts Payable	372	423	392	428	700	584	517	116
Current Deferred Revenue	84	77	78	71	266	210	254	263
Other Current Liabilities	31	29	38	41	46	68	63	114
Total Noncurrent Liabilities	963	1,027	1,020	1,586	2,477	2,676	2,402	2,356
Long-Term Debt	523	522	521	1,098	1,782	1,885	1,653	1,584
Noncurrent Deferred & Payable Income Tax Liabilities	193	255	272	286	210	165	162	185
Other Noncurrent Operating Liabilities	247	250	226	202	485	625	587	517
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,314	2,444	2,465	2,636	2,034	2,019	1,919	2,122
Total Preferred & Common Equity	2,314	2,444	2,465	2,636	2,021	2,006	1,907	2,107
Total Common Equity	2,314	2,444	2,465	2,636	2,021	2,006	1,907	2,107
Common Stock	2,412	2,393	2,366	2,368	2,392	2,322	2,303	2,335
Retained Earnings	-94	58	105	278	-325	-268	-335	-191
Accumulated Other Comprehensive Income / (Loss)	-4.06	-6.97	-6.31	-11	-46	-49	-61	-37

This table displays calculated financial ratios and metrics derived from Sphere Entertainment's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	78.95%	-5.94%	-5.78%	-54.91%	36.91%	6.06%	0.00%
EBITDA Growth	-106.97%	1,082.33%	-120.07%	-50.96%	553.84%	-24.18%	0.00%
EBIT Growth	-215.99%	254.07%	-382.71%	-77.59%	623.20%	-50.24%	0.00%
NOPAT Growth	-40.07%	-46.99%	-1,793.33%	-95.11%	538.97%	-45.76%	0.00%
Net Income Growth	-139.68%	365.94%	-14.19%	-211.15%	832.12%	-1,184.42%	0.00%
EPS Growth	-139.44%	349.57%	-25.71%	-188.27%	1,585.71%	-220.69%	0.00%
Operating Cash Flow Growth	-112.80%	8.67%	340.81%	-119.05%	203.87%	-29.77%	0.00%
Free Cash Flow Firm Growth	92.07%	-5,317.90%	102.88%	-1,722.62%	96.91%	0.00%	0.00%
Invested Capital Growth	-4.21%	46.28%	-5.74%	51.33%	13.00%	0.00%	0.00%
Revenue Q/Q Growth	16.35%	627.92%	-51.48%	-47.60%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-105.83%	298.10%	-117.53%	-59.62%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-227.29%	187.92%	-340.94%	-81.92%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	29.30%	24.18%	-198.88%	-94.98%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-152.30%	485.29%	-44.89%	-205.15%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-151.45%	460.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-128.68%	-11.20%	-12.55%	-198.13%	61.63%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-387.73%	-37.79%	103.02%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	2.32%	-4.49%	-19.34%	25.15%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-2.53%	64.88%	-6.21%	29.17%	26.82%	5.62%	7.85%
Operating Margin	-33.23%	-47.58%	-27.17%	9.96%	16.38%	-4.35%	-3.16%
EBIT Margin	-29.80%	45.98%	-28.07%	9.36%	18.82%	-4.92%	-3.48%
Profit (Net Income) Margin	-19.54%	88.12%	-31.17%	-25.72%	10.43%	-1.95%	0.19%
Tax Burden Percent	55.70%	183.60%	113.40%	-382.54%	59.57%	102.21%	-6.52%
Interest Burden Percent	117.70%	104.39%	97.91%	71.86%	93.06%	38.75%	84.18%
Effective Tax Rate	0.00%	37.54%	0.00%	89.38%	40.43%	0.00%	0.00%
Return on Invested Capital (ROIC)	-7.27%	-6.04%	-4.91%	0.34%	9.24%	-4.49%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.40%	143.20%	-64.25%	30.10%	8.47%	-6.35%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.76%	27.36%	-3.58%	-6.74%	-3.84%	2.94%	0.00%
Return on Equity (ROE)	-8.03%	21.32%	-8.49%	-6.40%	5.41%	-1.54%	0.00%
Cash Return on Invested Capital (CROIC)	-2.97%	-43.62%	1.00%	-40.51%	-2.96%	-204.49%	0.00%
Operating Return on Assets (OROA)	-6.27%	5.03%	-3.17%	1.34%	7.67%	-1.56%	0.00%
Return on Assets (ROA)	-4.11%	9.64%	-3.52%	-3.69%	4.25%	-0.62%	0.00%
Return on Common Equity (ROCE)	-8.03%	20.44%	-7.84%	-6.17%	5.29%	-1.50%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-8.31%	19.57%	-9.69%	-7.68%	5.25%	-0.80%	0.00%
Net Operating Profit after Tax (NOPAT)	-239	-171	-116	6.85	140	-32	-22
NOPAT Margin	-23.26%	-29.72%	-19.02%	1.06%	9.76%	-3.04%	-2.21%
Net Nonoperating Expense Percent (NNEP)	-4.87%	-149.24%	59.34%	-29.76%	0.77%	1.86%	0.00%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	42.15%	78.79%	68.81%	45.63%	30.17%	29.99%	27.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	133.23%	160.24%	147.60%	106.31%	83.62%	104.35%	103.16%
Earnings before Interest and Taxes (EBIT)	-306	264	-171	61	270	-52	-34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-26	372	-38	189	385	59	78
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.51	0.37	0.92	0.94	0.63	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.65	0.45	1.21	1.44	0.70	0.00	0.00
Price to Revenue (P/Rev)	1.21	1.65	2.95	3.13	1.25	0.00	0.00
Price to Earnings (P/E)	0.00	1.88	0.00	0.00	9.91	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	53.12%	0.00%	0.00%	10.09%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.63	0.51	0.96	0.94	0.34	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.98	2.99	3.59	3.54	0.39	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.62	0.00	12.14	1.44	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	6.51	0.00	37.85	2.05	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	334.66	3.95	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	11.19	15.51	0.00	1.80	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	92.81	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.57	0.46	0.46	0.74	0.01	0.02	0.00
Long-Term Debt to Equity	0.22	0.43	0.43	0.71	0.01	0.02	0.00
Financial Leverage	0.31	0.19	0.06	-0.22	-0.45	-0.46	0.00
Leverage Ratio	1.95	2.21	2.41	1.73	1.27	1.25	0.00
Compound Leverage Factor	2.30	2.31	2.36	1.25	1.18	0.48	0.00
Debt to Total Capital	36.23%	31.73%	31.55%	42.37%	1.15%	2.02%	0.00%
Short-Term Debt to Total Capital	22.43%	2.18%	2.09%	1.34%	0.19%	0.22%	0.00%
Long-Term Debt to Total Capital	13.80%	29.55%	29.46%	41.03%	0.96%	1.79%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	6.22%	3.72%	1.12%	3.01%	0.00%
Common Equity to Total Capital	63.77%	68.27%	62.22%	53.90%	97.73%	94.98%	0.00%
Debt to EBITDA	-52.89	3.23	-26.27	9.03	0.09	0.93	0.00
Net Debt to EBITDA	-30.80	2.07	-5.14	0.61	-3.33	-20.89	0.00
Long-Term Debt to EBITDA	-20.15	3.00	-24.53	8.74	0.07	0.82	0.00
Debt to NOPAT	-5.74	-7.04	-8.58	248.80	0.24	-1.71	0.00
Net Debt to NOPAT	-3.34	-4.53	-1.68	16.84	-9.14	38.55	0.00
Long-Term Debt to NOPAT	-2.19	-6.56	-8.01	240.92	0.20	-1.52	0.00
Altman Z-Score	0.19	0.57	0.31	0.80	2.25	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	4.14%	7.73%	3.51%	2.06%	3.07%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.63	0.90	1.27	2.57	2.80	2.84	0.00
Quick Ratio	0.17	0.20	0.92	2.38	2.60	2.69	0.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-98	-1,232	24	-819	-45	-1,455	0.00
Operating Cash Flow to CapEx	-7.43%	14.50%	18.68%	-12.87%	67.68%	55.11%	77.06%
Free Cash Flow to Firm to Interest Expense	-1.22	0.00	0.00	-40.49	-1.23	-260.45	0.00
Operating Cash Flow to Interest Expense	-0.25	0.00	0.00	-2.90	8.43	18.15	11.88
Operating Cash Flow Less CapEx to Interest Expense	-3.56	0.00	0.00	-25.46	-4.02	-14.78	-3.54
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.21	0.11	0.11	0.14	0.41	0.32	0.00
Accounts Receivable Turnover	5.46	4.37	3.58	4.36	17.62	12.67	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.32	0.21	0.28	0.34	0.95	0.78	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	66.88	83.54	101.86	83.65	20.72	28.80	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	66.88	83.54	101.86	83.65	20.72	28.80	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	3,214	3,356	2,294	2,434	1,608	1,423	0.00
Invested Capital Turnover	0.31	0.20	0.26	0.32	0.95	1.47	0.00
Increase / (Decrease) in Invested Capital	-141	1,062	-140	825	185	1,423	0.00
Enterprise Value (EV)	2,038	1,718	2,192	2,293	554	0.00	0.00
Market Capitalization	1,239	947	1,800	2,028	1,801	0.00	0.00
Book Value per Share	$68.38	$74.77	$57.38	$89.80	$118.90	$107.20	$0.00
Tangible Book Value per Share	$54.16	$61.03	$43.42	$58.15	$106.89	$88.64	$0.00
Total Capital	3,788	3,785	3,155	4,023	2,922	2,708	0.00
Total Debt	1,372	1,201	996	1,705	34	55	0.00
Total Long-Term Debt	523	1,118	930	1,651	28	49	0.00
Net Debt	799	772	195	115	-1,281	-1,230	0.00
Capital Expenditures (CapEx)	265	1,059	757	456	455	184	187
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-232	-415	-437	-343	-340	-322	0.00
Debt-free Net Working Capital (DFNWC)	341	14	324	1,197	922	879	0.00
Net Working Capital (NWC)	-508	-68	258	1,143	917	873	0.00
Net Nonoperating Expense (NNE)	-38	-676	74	173	-9.70	-11	-24
Net Nonoperating Obligations (NNO)	799	772	134	115	-1,281	-1,230	0.00
Total Depreciation and Amortization (D&A)	280	108	133	128	115	111	112
Debt-free, Cash-free Net Working Capital to Revenue	-22.57%	-72.29%	-71.59%	-52.99%	-23.64%	-30.67%	0.00%
Debt-free Net Working Capital to Revenue	33.25%	2.49%	53.04%	184.84%	64.20%	83.78%	0.00%
Net Working Capital to Revenue	-49.47%	-11.89%	42.22%	176.50%	63.82%	83.20%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.68)	$14.51	($5.77)	$0.00	$0.72	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	35.30M	34.65M	34.26M	0.00	24.00M	0.00	0.00
Adjusted Diluted Earnings per Share	($5.68)	$14.40	($5.77)	$0.00	$0.72	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	35.30M	34.93M	34.26M	0.00	24.02M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.72	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.36M	34.68M	34.25M	0.00	24.02M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-147	-157	-107	51	60	-32	-22
Normalized NOPAT Margin	-14.33%	-27.35%	-17.51%	7.85%	4.16%	-3.04%	-2.21%
Pre Tax Income Margin	-35.08%	48.00%	-27.49%	6.72%	17.51%	-1.91%	-2.93%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.83	0.00	0.00	3.00	7.39	-9.25	-2.83
NOPAT to Interest Expense	-2.99	0.00	0.00	0.34	3.83	-5.71	-1.80
EBIT Less CapEx to Interest Expense	-7.15	0.00	0.00	-19.56	-5.06	-42.18	-18.25
NOPAT Less CapEx to Interest Expense	-6.31	0.00	0.00	-22.21	-8.62	-38.65	-17.22
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	23.93%	-3.68%	0.00%	2.71%	-10.68%	218.55%
Augmented Payout Ratio	0.00%	23.93%	-6.12%	0.00%	198.64%	-10.68%	218.55%

This table displays calculated financial ratios and metrics derived from Sphere Entertainment's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022	3/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	93.14%	111.77%	98.28%	96.91%	-4.16%	123.33%	-54.03%	-69.11%	-58.19%	-689.42%	64.49%
EBITDA Growth	-138.81%	-96.63%	160.81%	-263.11%	39.99%	770.55%	-358.78%	-137.54%	58.33%	-140.09%	-6.20%
EBIT Growth	-328.78%	-115.66%	58.86%	-214.76%	46.39%	616.62%	-1,055.52%	-410.09%	40.90%	-160.62%	18.44%
NOPAT Growth	-68.54%	6.25%	60.36%	-221.07%	-36.69%	35.82%	-11,799.89%	-278.21%	38.74%	-146.83%	102.25%
Net Income Growth	-258.50%	-108.66%	19.32%	-345.54%	250.82%	642.03%	-203.30%	1,305.80%	42.54%	-146.23%	25.28%
EPS Growth	-256.08%	-108.64%	18.90%	-351.79%	245.38%	611.30%	-221.57%	2,685.71%	43.97%	0.00%	0.00%
Operating Cash Flow Growth	136.02%	-559.43%	21.92%	-65.92%	-16.58%	-55.13%	411.68%	8.23%	-1,261.75%	-36.60%	-128.22%
Free Cash Flow Firm Growth	20,352.66%	108.18%	146.39%	131.06%	100.07%	-2,069.96%	17.60%	-43.52%	-17.11%	108.73%	-63.64%
Invested Capital Growth	-6.64%	-4.21%	-10.58%	-12.22%	-1.46%	46.28%	23.53%	39.87%	34.88%	-5.74%	46.25%
Revenue Q/Q Growth	-16.64%	-14.92%	2.28%	166.22%	-8.59%	-20.34%	1.58%	29.57%	122.25%	-256.99%	-31.74%
EBITDA Q/Q Growth	-278.31%	-63.60%	159.96%	-513.66%	-102.51%	757.77%	-258.03%	-1.42%	71.93%	-353.85%	-48.07%
EBIT Q/Q Growth	-59.91%	-69.51%	72.86%	-482.80%	-105.84%	545.38%	-107.65%	0.74%	43.72%	-896.17%	-155.72%
NOPAT Q/Q Growth	-64.79%	-76.71%	74.70%	-128.81%	8.34%	25.29%	-104.90%	2.59%	56.96%	-13,718.83%	-96.88%
Net Income Q/Q Growth	-126.00%	1.38%	72.73%	-360.82%	-87.65%	1,018.32%	-182.99%	260.20%	55.60%	-413.86%	-484.66%
EPS Q/Q Growth	-121.80%	0.00%	72.91%	-359.79%	-87.72%	1,038.41%	-184.10%	250.00%	56.81%	-490.20%	-828.57%
Operating Cash Flow Q/Q Growth	147.07%	-171.71%	117.70%	149.03%	-700.25%	-80.97%	-39.14%	267.71%	-331.03%	232.18%	-121.13%
Free Cash Flow Firm Q/Q Growth	52.46%	-73.46%	3.03%	48,954.82%	100.06%	-50.54%	31.00%	-17.84%	-1,709.42%	106.30%	-20.18%
Invested Capital Q/Q Growth	-3.14%	2.32%	-1.77%	-4.10%	-0.62%	-4.49%	-3.56%	7.65%	47.53%	-19.34%	9.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%
EBITDA Margin	-12.83%	6.00%	14.03%	-23.93%	-10.38%	377.63%	-45.73%	-12.98%	-16.58%	0.00%	8.12%
Operating Margin	-51.61%	-26.11%	-12.57%	-50.83%	-59.14%	-54.49%	-62.88%	-31.17%	-41.46%	0.00%	0.25%
EBIT Margin	-51.91%	-27.06%	-13.58%	-51.19%	-23.38%	365.99%	-65.46%	-32.02%	-41.80%	0.00%	-2.60%
Profit (Net Income) Margin	-46.19%	-17.04%	-14.70%	-55.15%	56.29%	416.52%	-36.13%	44.23%	-35.77%	0.00%	-5.48%
Tax Burden Percent	76.15%	49.99%	74.85%	95.87%	-286.13%	113.28%	57.01%	-145.72%	91.50%	147.51%	138.47%
Interest Burden Percent	116.85%	125.94%	144.59%	112.38%	84.13%	100.47%	96.82%	94.78%	93.52%	73.54%	151.86%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	24.24%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-12.74%	-5.71%	-2.33%	-7.52%	-7.01%	-8.39%	0.00%	-0.57%	-4.32%	0.00%	0.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.80%	-5.28%	-4.19%	-13.20%	4.64%	122.05%	0.00%	11.34%	-5.39%	0.00%	38.59%
Return on Net Nonoperating Assets (RNNOA)	-4.78%	-1.66%	-1.85%	-6.12%	1.94%	23.32%	0.00%	4.48%	-1.93%	0.00%	-0.82%
Return on Equity (ROE)	-17.52%	-7.37%	-4.19%	-13.64%	-5.07%	14.93%	-5.92%	3.91%	-6.25%	0.00%	-0.73%
Cash Return on Invested Capital (CROIC)	-1.58%	-2.97%	1.02%	3.27%	-6.78%	-43.62%	-28.13%	-38.14%	-32.87%	1.00%	-32.66%
Operating Return on Assets (OROA)	-12.48%	-5.69%	-2.20%	-6.90%	-2.58%	40.02%	0.00%	-0.46%	-3.41%	0.00%	-0.68%
Return on Assets (ROA)	-11.11%	-3.59%	-2.38%	-7.43%	6.22%	45.55%	0.00%	0.64%	-2.92%	0.00%	-1.42%
Return on Common Equity (ROCE)	-17.52%	-7.37%	-4.05%	-13.05%	-4.86%	14.31%	-5.52%	3.59%	-5.74%	0.00%	-0.70%
Return on Equity Simple (ROE_SIMPLE)	-16.09%	0.00%	15.70%	15.10%	23.38%	0.00%	-6.50%	-4.59%	-8.26%	0.00%	-6.23%
Net Operating Profit after Tax (NOPAT)	-82	-50	-28	-112	-49	-53	-71	-35	-36	-83	0.61
NOPAT Margin	-36.12%	-18.28%	-8.80%	-35.58%	-41.40%	-41.28%	-44.02%	-21.82%	-29.03%	0.00%	0.17%
Net Nonoperating Expense Percent (NNEP)	3.06%	-0.43%	1.86%	5.67%	-11.65%	-130.44%	-1.33%	-11.91%	1.07%	12.95%	-38.50%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	52.20%	39.15%	38.32%	36.77%	73.85%	84.94%	88.51%	65.45%	76.86%	0.00%	33.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	151.61%	126.11%	112.57%	150.83%	159.14%	192.47%	162.88%	131.17%	160.65%	0.00%	99.75%
Earnings before Interest and Taxes (EBIT)	-118	-74	-44	-161	-28	472	-106	-51	-51	-91	-9.18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-29	16	45	-75	-12	488	-74	-21	-20	-73	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	0.51	0.71	0.48	0.49	0.37	1.01	0.77	0.79	0.92	1.35
Price to Tangible Book Value (P/TBV)	0.86	0.65	0.87	0.60	0.60	0.45	1.42	1.21	1.27	1.21	2.09
Price to Revenue (P/Rev)	1.37	1.21	1.95	1.65	2.27	1.65	0.00	19.00	3.44	2.95	2.27
Price to Earnings (P/E)	0.00	0.00	4.51	3.20	2.10	1.88	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	22.19%	31.29%	47.64%	53.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.76	0.63	0.77	0.60	0.60	0.51	1.07	0.88	0.88	0.96	1.26
Enterprise Value to Revenue (EV/Rev)	2.08	1.98	2.74	2.66	3.49	2.99	0.00	39.02	6.81	3.59	2.85
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	5.44	5.91	5.22	4.62	0.00	0.00	0.00	0.00	16.59
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	10.08	10.82	6.91	6.51	0.00	0.00	0.00	0.00	50.47
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30.57
Enterprise Value to Operating Cash Flow (EV/OCF)	21.65	0.00	35.34	38.21	14.18	11.19	21.66	50.24	56.19	15.51	22.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	71.33	17.21	0.00	0.00	0.00	0.00	0.00	92.81	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.57	0.57	0.57	0.46	0.46	0.87	0.90	0.83	0.46	0.73
Long-Term Debt to Equity	0.23	0.22	0.21	0.21	0.42	0.43	0.82	0.85	0.79	0.43	0.70
Financial Leverage	0.30	0.31	0.44	0.46	0.42	0.19	0.43	0.39	0.36	0.06	-0.02
Leverage Ratio	1.91	1.95	2.37	2.30	2.17	2.21	2.62	2.54	2.48	2.41	1.98
Compound Leverage Factor	2.23	2.46	3.42	2.58	1.83	2.22	2.54	2.41	2.32	1.78	3.01
Debt to Total Capital	36.89%	36.23%	36.29%	36.41%	31.31%	31.73%	46.39%	47.36%	45.24%	31.55%	42.21%
Short-Term Debt to Total Capital	22.61%	22.43%	22.68%	22.96%	2.69%	2.18%	2.44%	2.44%	2.24%	2.09%	1.69%
Long-Term Debt to Total Capital	14.28%	13.80%	13.61%	13.45%	28.62%	29.55%	43.96%	44.92%	43.00%	29.46%	40.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.76%	4.84%	5.14%	6.22%	3.90%
Common Equity to Total Capital	63.11%	63.77%	63.71%	63.59%	68.69%	68.27%	49.85%	47.79%	49.62%	62.22%	53.89%
Debt to EBITDA	-31.49	-52.89	3.13	4.33	3.16	3.23	-10.01	-23.34	-186.47	-26.27	7.63
Net Debt to EBITDA	-18.61	-30.80	1.57	2.25	1.84	2.07	-8.27	-16.84	-137.26	-5.14	2.70
Long-Term Debt to EBITDA	-12.19	-20.15	1.17	1.60	2.89	3.00	-9.48	-22.13	-177.23	-24.53	7.33
Debt to NOPAT	-4.97	-5.74	-4.12	-4.23	-4.33	-7.04	-8.36	-12.99	-18.61	-8.58	14.06
Net Debt to NOPAT	-2.93	-3.34	-2.07	-2.20	-2.52	-4.53	-6.91	-9.37	-13.70	-1.68	4.98
Long-Term Debt to NOPAT	-1.92	-2.19	-1.55	-1.56	-3.96	-6.56	-7.92	-12.32	-17.69	-8.01	13.50
Altman Z-Score	0.39	0.35	0.48	0.24	0.53	0.71	0.12	0.17	0.22	0.36	0.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	3.30%	4.35%	4.17%	4.14%	6.88%	8.07%	8.09%	0.00%	3.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.56	0.63	0.66	0.63	1.05	0.90	0.85	0.95	0.91	1.27	1.51
Quick Ratio	0.52	0.17	0.14	0.59	0.95	0.20	0.39	0.79	0.72	0.92	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	139	91	344	333	0.68	-1,115	-741	-1,073	-911	57	-899
Operating Cash Flow to CapEx	184.07%	-490.74%	519.00%	70.82%	-57.38%	5.35%	40.28%	47.16%	-30.06%	14.63%	-13.07%
Free Cash Flow to Firm to Interest Expense	5.15	2.91	12.67	12.91	0.00	-334.51	0.00	0.00	0.00	0.00	-162.59
Operating Cash Flow to Interest Expense	1.26	-2.31	3.73	1.80	0.00	4.73	0.00	0.00	0.00	0.00	-4.81
Operating Cash Flow Less CapEx to Interest Expense	0.58	-2.79	3.01	-0.74	0.00	-83.62	0.00	0.00	0.00	0.00	-41.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.21	0.16	0.13	0.11	0.11	0.00	0.01	0.08	0.11	0.26
Accounts Receivable Turnover	8.04	5.46	4.34	3.51	3.17	4.37	0.00	0.37	2.06	3.58	5.51
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.35	0.32	0.26	0.21	0.17	0.21	0.00	0.03	0.16	0.28	0.54
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	45.40	66.88	84.02	104.07	114.99	83.54	0.00	999.52	176.84	101.86	66.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	45.40	66.88	84.02	104.07	114.99	83.54	0.00	999.52	176.84	101.86	66.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,113	3,214	3,141	3,198	3,335	3,356	3,513	3,643	3,384	2,294	2,844
Invested Capital Turnover	0.35	0.31	0.27	0.21	0.17	0.20	0.00	0.03	0.15	0.26	0.53
Increase / (Decrease) in Invested Capital	-221	-141	-372	-445	-50	1,062	669	1,039	875	-140	899
Enterprise Value (EV)	2,362	2,038	2,423	1,925	1,988	1,718	3,747	3,191	2,987	2,192	3,587
Market Capitalization	1,562	1,239	1,725	1,192	1,289	947	2,041	1,554	1,510	1,800	2,850
Book Value per Share	$65.45	$68.38	$69.54	$70.21	$76.01	$74.77	$58.48	$58.06	$55.68	$57.38	$61.59
Tangible Book Value per Share	$51.30	$54.16	$56.10	$56.74	$62.34	$61.03	$41.65	$37.29	$34.59	$43.42	$39.93
Total Capital	3,667	3,788	3,835	3,877	3,837	3,785	4,053	4,197	3,843	3,155	3,909
Total Debt	1,353	1,372	1,392	1,412	1,201	1,201	1,880	1,988	1,739	996	1,650
Total Long-Term Debt	523	523	522	521	1,098	1,118	1,782	1,885	1,653	930	1,584
Net Debt	799	799	698	733	699	772	1,553	1,434	1,280	195	585
Capital Expenditures (CapEx)	19	15	19	66	165	294	206	289	270	240	203
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-304	-232	-307	-258	-318	-415	-438	-500	-452	-437	-461
Debt-free Net Working Capital (DFNWC)	250	341	387	370	134	14	-111	54	6.98	324	559
Net Working Capital (NWC)	-579	-508	-483	-520	31	-68	-210	-48	-79	258	493
Net Nonoperating Expense (NNE)	23	-3.38	19	61	-115	-591	-13	-105	8.30	16	20
Net Nonoperating Obligations (NNO)	799	799	698	733	699	772	1,341	1,434	1,280	134	585
Total Depreciation and Amortization (D&A)	89	90	89	86	15	15	32	30	31	19	38
Debt-free, Cash-free Net Working Capital to Revenue	-26.70%	-22.57%	-34.75%	-35.61%	-55.83%	-72.29%	0.00%	-610.88%	-103.02%	-71.59%	-36.70%
Debt-free Net Working Capital to Revenue	21.97%	33.25%	43.87%	51.18%	23.60%	2.49%	0.00%	66.26%	1.59%	53.04%	44.48%
Net Working Capital to Revenue	-50.97%	-49.47%	-54.67%	-71.87%	5.47%	-11.89%	0.00%	-59.08%	-18.05%	42.22%	39.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.95)	($1.34)	($1.33)	($4.91)	$1.90	$15.50	($1.64)	$1.95	($1.30)	($3.01)	($0.51)
Adjusted Weighted Average Basic Shares Outstanding	35.66M	35.30M	35.42M	35.31M	34.91M	34.65M	34.73M	34.68M	34.40M	34.26M	34.32M
Adjusted Diluted Earnings per Share	($2.95)	($1.33)	($1.33)	($4.91)	$1.89	$15.39	($1.64)	$1.95	($1.30)	($3.01)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	35.66M	35.30M	35.42M	35.31M	35.23M	34.93M	34.73M	34.71M	34.40M	34.26M	34.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.79M	35.36M	35.33M	35.14M	35.11M	34.68M	34.56M	34.55M	34.55M	34.25M	34.21M
Normalized Net Operating Profit after Tax (NOPAT)	-79	-50	-25	-29	-48	-52	-58	-30	-36	-83	11
Normalized NOPAT Margin	-34.61%	-18.24%	-7.78%	-9.17%	-40.27%	-40.59%	-35.95%	-18.72%	-29.03%	0.00%	3.04%
Pre Tax Income Margin	-60.66%	-34.08%	-19.64%	-57.52%	-19.67%	367.70%	-63.38%	-30.35%	-39.09%	0.00%	-3.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.39	-2.36	-1.61	-6.23	0.00	141.76	0.00	0.00	0.00	0.00	-1.66
NOPAT to Interest Expense	-3.05	-1.60	-1.04	-4.33	0.00	-15.99	0.00	0.00	0.00	0.00	0.11
EBIT Less CapEx to Interest Expense	-5.07	-2.84	-2.33	-8.76	0.00	53.41	0.00	0.00	0.00	0.00	-38.46
NOPAT Less CapEx to Interest Expense	-3.74	-2.07	-1.76	-6.86	0.00	-104.34	0.00	0.00	0.00	0.00	-36.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	31.09%	32.14%	0.00%	23.93%	-6.64%	-7.89%	-4.78%	-3.68%	0.00%
Augmented Payout Ratio	0.00%	0.00%	31.09%	32.14%	0.00%	23.93%	-6.64%	-7.89%	-4.78%	-6.12%	0.00%

Frequently Asked Questions About Sphere Entertainment's Financials

When does Sphere Entertainment's financial year end?

According to the most recent income statement we have on file, Sphere Entertainment's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Sphere Entertainment's net income changed over the last 6 years?

Sphere Entertainment's net income appears to be on an upward trend, with a most recent value of -$200.65 million in 2024, falling from $1.89 million in 2018. The previous period was $505.68 million in 2023. See where experts think Sphere Entertainment is headed by visiting Sphere Entertainment's forecast page.

What is Sphere Entertainment's operating income?

Sphere Entertainment's total operating income in 2024 was -$341.24 million, based on the following breakdown:

Total Gross Profit: $1.03 billion
Total Operating Expenses: $1.37 billion

How has Sphere Entertainment revenue changed over the last 6 years?

Over the last 6 years, Sphere Entertainment's total revenue changed from $988.99 million in 2018 to $1.03 billion in 2024, a change of 3.8%.

How much debt does Sphere Entertainment have?

Sphere Entertainment's total liabilities were at $2.37 billion at the end of 2024, a 0.7% decrease from 2023, and a 258.2% increase since 2019.

How much cash does Sphere Entertainment have?

In the past 5 years, Sphere Entertainment's cash and equivalents has ranged from $0.00 in 2023 to $1.52 billion in 2021, and is currently $573.23 million as of their latest financial filing in 2024.

How has Sphere Entertainment's book value per share changed over the last 6 years?

Over the last 6 years, Sphere Entertainment's book value per share changed from 0.00 in 2018 to 68.38 in 2024, a change of 6,837.5%.

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This page (NYSE:SPHR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Sphere Entertainment (SPHR) Financials

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