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Sphere Entertainment SPHR Other operating expenses

Discontinued — last reported Q3 '23

Other operating expenses at other companies

Live Nation Entertainment logo
Live Nation EntertainmentLYV
$560.29M+550%
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Fox CorporationFOXA
-$113M-14.1%
Gray Television logo
Gray TelevisionGTN
$703M+1.9%
SEG
Seaport Entertainment GroupSEG
$52.67M+8.0%

Segments

By segment

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Sphere$4.8M-40.3%
MSG Networks$0

Other financials

Income statement

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Revenue$386.4M+37.7%
Operating income$7.2M+109%
Net income$4.5M+105%
EPS (diluted)-$0.04+98.2%

Balance sheet

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Cash & equivalents$630.2M+31.8%
Total debt$938.4M-35.8%
Total equity$2.2B+4.9%
Total assets$4.2B-5.1%

Cash flow

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Operating cash flow$136.2M+2,046%
CapEx$4.9M-72.1%
Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.54B+262%
Enterprise value$5.85B+168%
P/E46.2×
P/S4.2×+2.6×

Profitability

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Operating margin-28.1%-4.3pp
Net margin9%+5.2pp
FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp
Debt / equity0.4×-0.3×
Current ratio1.2×+0.7×

Where this comes from

Reported directly by Sphere Entertainment in its filing.

Tagged under the XBRL concept us-gaap:OtherOperatingIncomeExpenseNet.

The source filing: Sphere Entertainment’s 10-Q, filed November 8, 2023.

Filed
Nov 8, 2023, 4:26 PM EST
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0001795250-23-000023
Line itemThree Months Ended / September 30, 2023Three Months Ended / September 30, 2022
Net income (loss)$66,425$(44,043)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization14,25929,755
Other gains, net(1,497)(2,000)
Amortization of deferred financing costs1,0851,304
Deferred income tax (benefit) expense(91,585)1,012
Share-based compensation expense4,88315,188
Non-cash lease expense1,0277,126

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's other operating expenses?
Sphere Entertainment (SPHR) reported other operating expenses of $1.5M in Q3 2023.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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