Company Quick10K Filing
MSG Networks
10-Q 2020-03-31 Filed 2020-05-01
10-Q 2019-12-31 Filed 2020-02-04
10-Q 2019-09-30 Filed 2019-11-07
10-K 2019-06-30 Filed 2019-08-21
10-Q 2019-03-31 Filed 2019-05-02
10-Q 2018-12-31 Filed 2019-02-05
10-Q 2018-09-30 Filed 2018-11-02
10-K 2018-06-30 Filed 2018-08-16
10-Q 2018-03-31 Filed 2018-05-03
10-Q 2017-12-31 Filed 2018-02-01
10-Q 2017-09-30 Filed 2017-11-02
10-K 2017-06-30 Filed 2017-08-16
10-Q 2017-03-31 Filed 2017-05-05
10-Q 2016-12-31 Filed 2017-02-02
10-Q 2016-09-30 Filed 2016-11-03
10-K 2016-06-30 Filed 2016-08-18
10-Q 2016-03-31 Filed 2016-05-04
10-Q 2015-12-31 Filed 2016-02-05
10-Q 2015-09-30 Filed 2015-11-05
10-K 2015-06-30 Filed 2015-08-20
10-Q 2015-03-31 Filed 2015-05-01
10-Q 2014-12-31 Filed 2015-02-06
10-Q 2014-09-30 Filed 2014-10-31
10-K 2014-06-30 Filed 2014-08-20
10-Q 2014-03-31 Filed 2014-05-02
10-Q 2013-12-31 Filed 2014-02-07
10-Q 2013-09-30 Filed 2013-11-01
10-K 2013-06-30 Filed 2013-08-21
10-Q 2013-03-31 Filed 2013-05-03
10-Q 2012-12-31 Filed 2013-02-06
10-Q 2012-09-30 Filed 2012-11-02
10-K 2012-06-30 Filed 2012-08-24
10-Q 2012-03-31 Filed 2012-05-04
10-Q 2011-12-31 Filed 2012-02-08
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-04
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-18
8-K 2020-05-01 Earnings, Exhibits
8-K 2020-02-04 Earnings, Exhibits
8-K 2019-12-06 Shareholder Vote
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-10-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-03 Other Events
8-K 2019-08-29 Other Events, Exhibits
8-K 2019-08-21 Earnings, Exhibits
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-02-05 Earnings, Exhibits
8-K 2018-12-14 Shareholder Vote
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-09-06 Officers, Exhibits
8-K 2018-08-15 Earnings, Exhibits
8-K 2018-05-03
8-K 2018-04-09 Officers
8-K 2018-02-01 Earnings, Exhibits

MSG Networks Financials

MSGN Metrics, Comps, Filings

Quarterly | Annual

Business

On September 30, 2015 (the "Distribution Date"), the Company distributed to its stockholders all of the outstanding common stock of The Madison Square Garden Company ("MSG") (the "Distribution"). Following the Distribution, the Company no longer consolidates the financial results of MSG for purposes of its own financial reporting and the historical financial results of MSG through the Distribution Date, as well as transaction costs related to the Distribution, have been classified in the Company's consolidated financial statements as discontinued operations for all periods presented.

The Company, an industry leader in sports production, and content development and distribution, owns and operates two award-winning regional sports and entertainment networks, MSG Network ("MSGN") and MSG+, collectively "MSG Networks." For 50 years, we have been a pioneer in regional sports programming, setting a standard of excellence, creativity and technological innovation. Today, our exclusive, award-winning programming continues to be a valuable differentiator for our viewers, advertisers and the cable, satellite, telephone, and other platforms that distribute our networks ("Distributors"). Our networks are widely distributed throughout all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania, collectively our "Regional Territory." Our networks are also carried nationally by certain Distributors on sports tiers or in similar packages.

We continually seek to enhance the value that our networks provide to viewers, advertisers and Distributors by delivering high-quality, best-in-class content and live viewing experiences, utilizing state-of-the-art technology. We operate in the nation's largest television market, the New York Designated Market Area ("DMA"), and attract an important and coveted viewer demographic. Our unique position in this major media market, as the provider of exclusive live local games of top professional sports teams and other sports programming, allows us to optimize distribution revenue and partner with marquee brands to capture advertising sales and explore new content opportunities. We also distribute programming through our companion streaming service, MSG GO. In addition, we utilize a dedicated website and social media platforms to promote our brands by sharing content, spotlighting on-air talent, and providing in-depth information about the teams and athletes featured on our networks.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Charter Communications (CHTR) 94,085 0% 79.7 1% 145,267 68,369 45,234 0 1,784 2,113 168,387
Twenty-First Century Fox (FOX) 89,006 0% 5.2 22% 65,886 33,881 31,037 0 14,184 17,245 90,534
Fox Corporation (FOXA) 19,619 0% 9.3 8% 20,534 10,214 11,515 0 1,541 2,589 24,168
Altice (ATUS) 19,158 50% 12.8 1% 33,774 31,467 9,741 4,833 353 3,373 43,040
DISH Network (DISH) 18,221 69% 10.6 5% 31,771 21,074 12,874 8,849 1,436 2,966 31,431
Liberty Global (LBTYA) 18,050 54% 2.2 27% 48,179 34,817 11,508 6,171 13,036 17,414 38,117
Roku (ROKU) 11,638 45% -326.0 -5% 897 434 993 446 -44 -35 11,251
Viacom (VIA) 10,483 47% 8.1 7% 23,671 15,217 12,838 6,000 1,588 2,291 18,461
Cable One (CABO) 7,203 0% 20.2 6% 2,608 1,834 1,128 0 167 415 8,372
Liberty Latin America (LILA) 3,200 58% 17.5 -3% 13,542 9,611 3,841 2,220 -350 543 9,529
AMC Networks (AMCX) 2,754 39% 7.0 9% 5,618 4,659 3,048 1,194 484 732 5,123
MSG Networks (MSGN) 1,283 0% 6.4 18% 1,002 1,669 717 0 182 316 2,022
WideOpenWest (WOW) 528 12% 9.1 2% 2,469 2,736 1,148 138 45 311 2,825
Hemisphere Media (HMTV) 479 71% 50.3 -1% 487 260 110 78 -7 12 601
Rogers Communication (RCI)
Shaw Communications (SJR)
Ideanomics (IDEX)
Comcast Corporation (CCZ)
Discovery (DISCA) 50% 3.5 6% 32,825 21,246 11,079 5,488 2,076 4,231 14,683
Liberty Broadband Corporation (LBRDA) 0% 7.6 0% 12,172 1,560 14 0 40 69 526

Balance Sheet ($MM)2011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash2292211812062052492282781191557792321379241219213238111120155185177141173202195205170175182226360
Accounts Receivable117136163127132133175146130150200135117140180137778677101101101106105106104109111113136151130112
Inventory
PP&E1,1821,3191,3361,4051,4521,5121,5501,5641,6801,7611,7561,7361,7521,7781,7651,7126869696768696962636364585959595758
Assets2,3852,5022,4942,5252,6272,6962,6712,7322,8352,9472,9392,9263,0693,1503,0833,0208639118008078228548648058208528568508068308458671,002
Accounts Payable394016332518716212920171326221772121111111101010
Long-Term Debt1,5501,5501,5001,4891,4781,4591,3901,3211,3021,2841,2151,1961,1021,0841,0401,0211,100
Liabilities1,1621,2441,2021,2051,2851,2991,2341,2531,3281,3761,3441,3221,3591,3721,3781,2962,1092,1251,9671,9261,9021,8881,8511,7491,7221,5951,5491,5071,4171,3921,3481,3261,669
Stockholders' Equity1,2231,2581,2931,3201,3431,3971,4371,4791,5071,5711,5951,6041,7101,7781,7051,724-1,246-1,214-1,167-1,120-1,080-1,034-987-944-903-743-693-658-610-562-503-459-667
Income Statement ($MM)2011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue178373400333204388412336216509459372242543449388148170180161154176183163157181187171164193195168161
Cost of Revenue
Gross Profit
R&D
SG&A63768185727879817387101104759279914122201916232219162423201731292622
Tax421282118332828153487472830030302225272926251524252124202016
Net Income212631292147383624611912108614046-120344549404344404115647454744544143
Cash Flow ($MM)2011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating71110559869135-238280144-712616992020794042515061525063635257
Cash Investing-147-122-88-73-70-897-33-240-106-67-103219-40-43-15-1-0-1-2-1-0-0-0-1-1-0-1
Cash Financing-04-700-3-401-2-4-7-6-1-114-27-29-4-49-12-20-69-20-20-70-97-4478