Sphere Entertainment (SPHR) Financials

$27.93 -0.13 (-0.45%)

Closing price 03:59 PM Eastern

Extended Trading

$27.93 +0.00 (+0.00%)

As of 06:19 PM 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	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Income / (Loss) Attributable to Common Shareholders	6.90	-8.22	182	-148	-194	503	-201
Consolidated Net Income / (Loss)	1.89	-20	150	-167	-190	506	-201
Net Income / (Loss) Continuing Operations	1.89	-20	150	4.62	-138	172	-225
Total Pre-Tax Income	-29	-20	252	44	-168	275	-360
Total Operating Income	-31	-46	235	65	-166	-273	-341
Total Gross Profit	989	1,049	1,436	648	610	574	1,027
Total Revenue	989	1,049	1,436	648	610	574	1,027
Operating Revenue	989	1,049	1,436	648	610	574	1,027
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	1,020	1,095	1,201	688	900	920	1,368
Selling, General & Admin Expense	273	315	433	295	420	452	433
Depreciation Expense	112	109	112	122	147	103	256
Other Operating Expenses / (Income)	635	671	790	263	320	342	548
Impairment Charge	0.00	0.00	106	0.00	-0.25	-6.12	121
Restructuring Charge	-	0.00	0.00	8.06	13	28	9.49
Total Other Income / (Expense), net	2.34	26	16	-21	-1.94	548	-19
Interest Expense	12	5.59	37	20	0.00	0.00	80
Interest & Investment Income	18	37	18	3.17	3.58	12	26
Other Income / (Expense), net	-3.10	-6.06	35	-3.94	-5.52	537	35
Income Tax Expense	-31	0.44	102	39	-60	103	-136
Net Income / (Loss) Discontinued Operations	-	-	-	-171	-52	334	24
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.01	-12	-32	-18	4.25	2.91	0.00
Basic Earnings per Share	$0.29	($0.35)	$5.21	($4.60)	($5.77)	$14.51	($5.68)
Weighted Average Basic Shares Outstanding	23.99M	23.99M	34.86M	34.08M	34.26M	34.65M	35.30M
Diluted Earnings per Share	$0.29	($0.35)	$5.20	($4.59)	($5.77)	$14.40	($5.68)
Weighted Average Diluted Shares Outstanding	23.99M	23.99M	34.94M	34.25M	34.26M	34.93M	35.30M
Weighted Average Basic & Diluted Shares Outstanding	-	-	24.02M	33.96M	34.25M	34.68M	35.36M

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

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

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

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

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	3/31/2022	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	64.49%	-689.42%	-58.19%	-69.11%	-54.03%	123.33%	-4.16%	96.91%	98.28%	111.77%	93.14%
EBITDA Growth	-6.20%	-140.09%	58.33%	-137.54%	-358.78%	770.55%	39.99%	-263.11%	160.81%	-96.63%	-138.81%
EBIT Growth	18.44%	-160.62%	40.90%	-410.09%	-1,055.52%	616.62%	46.39%	-214.76%	58.86%	-115.66%	-328.78%
NOPAT Growth	102.25%	-146.83%	38.74%	-278.21%	-11,799.89%	35.82%	-36.69%	-221.07%	60.36%	6.25%	-68.54%
Net Income Growth	25.28%	-146.23%	42.54%	1,305.80%	-203.30%	642.03%	250.82%	-345.54%	19.32%	-108.66%	-258.50%
EPS Growth	0.00%	0.00%	43.97%	2,685.71%	-221.57%	611.30%	245.38%	-351.79%	18.90%	-108.64%	-256.08%
Operating Cash Flow Growth	-128.22%	-36.60%	-1,261.75%	8.23%	411.68%	-55.13%	-16.58%	-65.92%	21.92%	-559.43%	136.02%
Free Cash Flow Firm Growth	-63.64%	108.73%	-17.11%	-43.52%	17.60%	-2,069.96%	100.07%	131.06%	146.39%	108.18%	20,352.66%
Invested Capital Growth	46.25%	-5.74%	34.88%	39.87%	23.53%	46.28%	-1.46%	-12.22%	-10.58%	-4.21%	-6.64%
Revenue Q/Q Growth	-31.74%	-256.99%	122.25%	29.57%	1.58%	-20.34%	-8.59%	166.22%	2.28%	-14.92%	-16.64%
EBITDA Q/Q Growth	-48.07%	-353.85%	71.93%	-1.42%	-258.03%	757.77%	-102.51%	-513.66%	159.96%	-63.60%	-278.31%
EBIT Q/Q Growth	-155.72%	-896.17%	43.72%	0.74%	-107.65%	545.38%	-105.84%	-482.80%	72.86%	-69.51%	-59.91%
NOPAT Q/Q Growth	-96.88%	-13,718.83%	56.96%	2.59%	-104.90%	25.29%	8.34%	-128.81%	74.70%	-76.71%	-64.79%
Net Income Q/Q Growth	-484.66%	-413.86%	55.60%	260.20%	-182.99%	1,018.32%	-87.65%	-360.82%	72.73%	1.38%	-126.00%
EPS Q/Q Growth	-828.57%	-490.20%	56.81%	250.00%	-184.10%	1,038.41%	-87.72%	-359.79%	72.91%	0.00%	-121.80%
Operating Cash Flow Q/Q Growth	-121.13%	232.18%	-331.03%	267.71%	-39.14%	-80.97%	-700.25%	149.03%	117.70%	-171.71%	147.07%
Free Cash Flow Firm Q/Q Growth	-20.18%	106.30%	-1,709.42%	-17.84%	31.00%	-50.54%	100.06%	48,954.82%	3.03%	-73.46%	52.46%
Invested Capital Q/Q Growth	9.19%	-19.34%	47.53%	7.65%	-3.56%	-4.49%	-0.62%	-4.10%	-1.77%	2.32%	-3.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	8.12%	0.00%	-16.58%	-12.98%	-45.73%	377.63%	-10.38%	-23.93%	14.03%	6.00%	-12.83%
Operating Margin	0.25%	0.00%	-41.46%	-31.17%	-62.88%	-54.49%	-59.14%	-50.83%	-12.57%	-26.11%	-51.61%
EBIT Margin	-2.60%	0.00%	-41.80%	-32.02%	-65.46%	365.99%	-23.38%	-51.19%	-13.58%	-27.06%	-51.91%
Profit (Net Income) Margin	-5.48%	0.00%	-35.77%	44.23%	-36.13%	416.52%	56.29%	-55.15%	-14.70%	-17.04%	-46.19%
Tax Burden Percent	138.47%	147.51%	91.50%	-145.72%	57.01%	113.28%	-286.13%	95.87%	74.85%	49.99%	76.15%
Interest Burden Percent	151.86%	73.54%	93.52%	94.78%	96.82%	100.47%	84.13%	112.38%	144.59%	125.94%	116.85%
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)	0.09%	0.00%	-4.32%	-0.57%	0.00%	-8.39%	-7.01%	-7.52%	-2.33%	-5.71%	-12.74%
ROIC Less NNEP Spread (ROIC-NNEP)	38.59%	0.00%	-5.39%	11.34%	0.00%	122.05%	4.64%	-13.20%	-4.19%	-5.28%	-15.80%
Return on Net Nonoperating Assets (RNNOA)	-0.82%	0.00%	-1.93%	4.48%	0.00%	23.32%	1.94%	-6.12%	-1.85%	-1.66%	-4.78%
Return on Equity (ROE)	-0.73%	0.00%	-6.25%	3.91%	-5.92%	14.93%	-5.07%	-13.64%	-4.19%	-7.37%	-17.52%
Cash Return on Invested Capital (CROIC)	-32.66%	1.00%	-32.87%	-38.14%	-28.13%	-43.62%	-6.78%	3.27%	1.02%	-2.97%	-1.58%
Operating Return on Assets (OROA)	-0.68%	0.00%	-3.41%	-0.46%	0.00%	40.02%	-2.58%	-6.90%	-2.20%	-5.69%	-12.48%
Return on Assets (ROA)	-1.42%	0.00%	-2.92%	0.64%	0.00%	45.55%	6.22%	-7.43%	-2.38%	-3.59%	-11.11%
Return on Common Equity (ROCE)	-0.70%	0.00%	-5.74%	3.59%	-5.52%	14.31%	-4.86%	-13.05%	-4.05%	-7.37%	-17.52%
Return on Equity Simple (ROE_SIMPLE)	-6.23%	0.00%	-8.26%	-4.59%	-6.50%	0.00%	23.38%	15.10%	15.70%	0.00%	-16.09%
Net Operating Profit after Tax (NOPAT)	0.61	-83	-36	-35	-71	-53	-49	-112	-28	-50	-82
NOPAT Margin	0.17%	0.00%	-29.03%	-21.82%	-44.02%	-41.28%	-41.40%	-35.58%	-8.80%	-18.28%	-36.12%
Net Nonoperating Expense Percent (NNEP)	-38.50%	12.95%	1.07%	-11.91%	-1.33%	-130.44%	-11.65%	5.67%	1.86%	-0.43%	3.06%
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	33.70%	0.00%	76.86%	65.45%	88.51%	84.94%	73.85%	36.77%	38.32%	39.15%	52.20%
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	99.75%	0.00%	160.65%	131.17%	162.88%	192.47%	159.14%	150.83%	112.57%	126.11%	151.61%
Earnings before Interest and Taxes (EBIT)	-9.18	-91	-51	-51	-106	472	-28	-161	-44	-74	-118
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	-73	-20	-21	-74	488	-12	-75	45	16	-29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	0.92	0.79	0.77	1.01	0.37	0.49	0.48	0.71	0.51	0.68
Price to Tangible Book Value (P/TBV)	2.09	1.21	1.27	1.21	1.42	0.45	0.60	0.60	0.87	0.65	0.86
Price to Revenue (P/Rev)	2.27	2.95	3.44	19.00	0.00	1.65	2.27	1.65	1.95	1.21	1.37
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	1.88	2.10	3.20	4.51	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%	0.00%	0.00%	0.00%	53.12%	47.64%	31.29%	22.19%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.26	0.96	0.88	0.88	1.07	0.51	0.60	0.60	0.77	0.63	0.76
Enterprise Value to Revenue (EV/Rev)	2.85	3.59	6.81	39.02	0.00	2.99	3.49	2.66	2.74	1.98	2.08
Enterprise Value to EBITDA (EV/EBITDA)	16.59	0.00	0.00	0.00	0.00	4.62	5.22	5.91	5.44	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	50.47	0.00	0.00	0.00	0.00	6.51	6.91	10.82	10.08	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	30.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.19	15.51	56.19	50.24	21.66	11.19	14.18	38.21	35.34	0.00	21.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	92.81	0.00	0.00	0.00	0.00	0.00	17.21	71.33	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.46	0.83	0.90	0.87	0.46	0.46	0.57	0.57	0.57	0.58
Long-Term Debt to Equity	0.70	0.43	0.79	0.85	0.82	0.43	0.42	0.21	0.21	0.22	0.23
Financial Leverage	-0.02	0.06	0.36	0.39	0.43	0.19	0.42	0.46	0.44	0.31	0.30
Leverage Ratio	1.98	2.41	2.48	2.54	2.62	2.21	2.17	2.30	2.37	1.95	1.91
Compound Leverage Factor	3.01	1.78	2.32	2.41	2.54	2.22	1.83	2.58	3.42	2.46	2.23
Debt to Total Capital	42.21%	31.55%	45.24%	47.36%	46.39%	31.73%	31.31%	36.41%	36.29%	36.23%	36.89%
Short-Term Debt to Total Capital	1.69%	2.09%	2.24%	2.44%	2.44%	2.18%	2.69%	22.96%	22.68%	22.43%	22.61%
Long-Term Debt to Total Capital	40.52%	29.46%	43.00%	44.92%	43.96%	29.55%	28.62%	13.45%	13.61%	13.80%	14.28%
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	3.90%	6.22%	5.14%	4.84%	3.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.89%	62.22%	49.62%	47.79%	49.85%	68.27%	68.69%	63.59%	63.71%	63.77%	63.11%
Debt to EBITDA	7.63	-26.27	-186.47	-23.34	-10.01	3.23	3.16	4.33	3.13	-52.89	-31.49
Net Debt to EBITDA	2.70	-5.14	-137.26	-16.84	-8.27	2.07	1.84	2.25	1.57	-30.80	-18.61
Long-Term Debt to EBITDA	7.33	-24.53	-177.23	-22.13	-9.48	3.00	2.89	1.60	1.17	-20.15	-12.19
Debt to NOPAT	14.06	-8.58	-18.61	-12.99	-8.36	-7.04	-4.33	-4.23	-4.12	-5.74	-4.97
Net Debt to NOPAT	4.98	-1.68	-13.70	-9.37	-6.91	-4.53	-2.52	-2.20	-2.07	-3.34	-2.93
Long-Term Debt to NOPAT	13.50	-8.01	-17.69	-12.32	-7.92	-6.56	-3.96	-1.56	-1.55	-2.19	-1.92
Altman Z-Score	0.79	0.36	0.22	0.17	0.12	0.71	0.53	0.24	0.48	0.35	0.39
Noncontrolling Interest Sharing Ratio	3.67%	0.00%	8.09%	8.07%	6.88%	4.14%	4.17%	4.35%	3.30%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.27	0.91	0.95	0.85	0.90	1.05	0.63	0.66	0.63	0.56
Quick Ratio	1.36	0.92	0.72	0.79	0.39	0.20	0.95	0.59	0.14	0.17	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-899	57	-911	-1,073	-741	-1,115	0.68	333	344	91	139
Operating Cash Flow to CapEx	-13.07%	14.63%	-30.06%	47.16%	40.28%	5.35%	-57.38%	70.82%	519.00%	-490.74%	184.07%
Free Cash Flow to Firm to Interest Expense	-162.59	0.00	0.00	0.00	0.00	-334.51	0.00	12.91	12.67	2.91	5.15
Operating Cash Flow to Interest Expense	-4.81	0.00	0.00	0.00	0.00	4.73	0.00	1.80	3.73	-2.31	1.26
Operating Cash Flow Less CapEx to Interest Expense	-41.61	0.00	0.00	0.00	0.00	-83.62	0.00	-0.74	3.01	-2.79	0.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.11	0.08	0.01	0.00	0.11	0.11	0.13	0.16	0.21	0.24
Accounts Receivable Turnover	5.51	3.58	2.06	0.37	0.00	4.37	3.17	3.51	4.34	5.46	8.04
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	0.54	0.28	0.16	0.03	0.00	0.21	0.17	0.21	0.26	0.32	0.35
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)	66.24	101.86	176.84	999.52	0.00	83.54	114.99	104.07	84.02	66.88	45.40
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)	66.24	101.86	176.84	999.52	0.00	83.54	114.99	104.07	84.02	66.88	45.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,844	2,294	3,384	3,643	3,513	3,356	3,335	3,198	3,141	3,214	3,113
Invested Capital Turnover	0.53	0.26	0.15	0.03	0.00	0.20	0.17	0.21	0.27	0.31	0.35
Increase / (Decrease) in Invested Capital	899	-140	875	1,039	669	1,062	-50	-445	-372	-141	-221
Enterprise Value (EV)	3,587	2,192	2,987	3,191	3,747	1,718	1,988	1,925	2,423	2,038	2,362
Market Capitalization	2,850	1,800	1,510	1,554	2,041	947	1,289	1,192	1,725	1,239	1,562
Book Value per Share	$61.59	$57.38	$55.68	$58.06	$58.48	$74.77	$76.01	$70.21	$69.54	$68.38	$65.45
Tangible Book Value per Share	$39.93	$43.42	$34.59	$37.29	$41.65	$61.03	$62.34	$56.74	$56.10	$54.16	$51.30
Total Capital	3,909	3,155	3,843	4,197	4,053	3,785	3,837	3,877	3,835	3,788	3,667
Total Debt	1,650	996	1,739	1,988	1,880	1,201	1,201	1,412	1,392	1,372	1,353
Total Long-Term Debt	1,584	930	1,653	1,885	1,782	1,118	1,098	521	522	523	523
Net Debt	585	195	1,280	1,434	1,553	772	699	733	698	799	799
Capital Expenditures (CapEx)	203	240	270	289	206	294	165	66	19	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-461	-437	-452	-500	-438	-415	-318	-258	-307	-232	-304
Debt-free Net Working Capital (DFNWC)	559	324	6.98	54	-111	14	134	370	387	341	250
Net Working Capital (NWC)	493	258	-79	-48	-210	-68	31	-520	-483	-508	-579
Net Nonoperating Expense (NNE)	20	16	8.30	-105	-13	-591	-115	61	19	-3.38	23
Net Nonoperating Obligations (NNO)	585	134	1,280	1,434	1,341	772	699	733	698	799	799
Total Depreciation and Amortization (D&A)	38	19	31	30	32	15	15	86	89	90	89
Debt-free, Cash-free Net Working Capital to Revenue	-36.70%	-71.59%	-103.02%	-610.88%	0.00%	-72.29%	-55.83%	-35.61%	-34.75%	-22.57%	-26.70%
Debt-free Net Working Capital to Revenue	44.48%	53.04%	1.59%	66.26%	0.00%	2.49%	23.60%	51.18%	43.87%	33.25%	21.97%
Net Working Capital to Revenue	39.23%	42.22%	-18.05%	-59.08%	0.00%	-11.89%	5.47%	-71.87%	-54.67%	-49.47%	-50.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.51)	($3.01)	($1.30)	$1.95	($1.64)	$15.50	$1.90	($4.91)	($1.33)	($1.34)	($2.95)
Adjusted Weighted Average Basic Shares Outstanding	34.32M	34.26M	34.40M	34.68M	34.73M	34.65M	34.91M	35.31M	35.42M	35.30M	35.66M
Adjusted Diluted Earnings per Share	$0.00	($3.01)	($1.30)	$1.95	($1.64)	$15.39	$1.89	($4.91)	($1.33)	($1.33)	($2.95)
Adjusted Weighted Average Diluted Shares Outstanding	34.32M	34.26M	34.40M	34.71M	34.73M	34.93M	35.23M	35.31M	35.42M	35.30M	35.66M
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	34.21M	34.25M	34.55M	34.55M	34.56M	34.68M	35.11M	35.14M	35.33M	35.36M	35.79M
Normalized Net Operating Profit after Tax (NOPAT)	11	-83	-36	-30	-58	-52	-48	-29	-25	-50	-79
Normalized NOPAT Margin	3.04%	0.00%	-29.03%	-18.72%	-35.95%	-40.59%	-40.27%	-9.17%	-7.78%	-18.24%	-34.61%
Pre Tax Income Margin	-3.95%	0.00%	-39.09%	-30.35%	-63.38%	367.70%	-19.67%	-57.52%	-19.64%	-34.08%	-60.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.66	0.00	0.00	0.00	0.00	141.76	0.00	-6.23	-1.61	-2.36	-4.39
NOPAT to Interest Expense	0.11	0.00	0.00	0.00	0.00	-15.99	0.00	-4.33	-1.04	-1.60	-3.05
EBIT Less CapEx to Interest Expense	-38.46	0.00	0.00	0.00	0.00	53.41	0.00	-8.76	-2.33	-2.84	-5.07
NOPAT Less CapEx to Interest Expense	-36.69	0.00	0.00	0.00	0.00	-104.34	0.00	-6.86	-1.76	-2.07	-3.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-3.68%	-4.78%	-7.89%	-6.64%	23.93%	0.00%	32.14%	31.09%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-6.12%	-4.78%	-7.89%	-6.64%	23.93%	0.00%	32.14%	31.09%	0.00%	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 5/5/2025 by MarketBeat.com Staff

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Sphere Entertainment (SPHR) Financials

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