MSG Networks

MSG Networks owns and operates two regional sports and entertainment networks, MSG Network and MSG+, as well as the live streaming and video on demand platform MSG GO. The networks are home to eight professional sports teams: the New York Knicks; New York Rangers; New York Liberty; New York Islanders; New Jersey Devils; Buffalo Sabres; Major League Soccer’s Red Bulls and the Westchester Knicks, as well as college football and college basketball from top conferences, and a full schedule of critically-acclaimed original programming.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
2015
Size (employees)
174 (est)
MSG Networks was founded in 2015 and is headquartered in New York, US

MSG Networks Office Locations

MSG Networks has an office in New York
New York, US (HQ)
11 Pennsylvania Plaza

MSG Networks Data and Metrics

MSG Networks Financial Metrics

MSG Networks's revenue was reported to be $183.2 m in Q3, 2017
USD

Revenue (Q3, 2017)

183.2 m

Net income (Q3, 2017)

127.7 m

EBIT (Q3, 2017)

83.1 m

Market capitalization (20-Jul-2017)

1.6 b

Closing share price (20-Jul-2017)

21.2

Cash (31-Mar-2017)

176.7 m
MSG Networks's current market capitalization is $1.6 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.6 b658.2 m

Revenue growth, %

4%(59%)

General and administrative expense

102 m

Operating expense total

102 m

EBIT

184.1 m487 m273.6 m

EBIT margin, %

12%30%42%

Interest expense

7.4 m6.5 m31.7 m

Interest income

2.5 m4 m2.4 m

Income tax expense

(61.5 m)(191.9 m)81 m

Net Income

115.1 m254.7 m7.6 m
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017

Revenue

241.7 m542.5 m148.1 m169.9 m449.4 m153.6 m175.6 m179.6 m183.2 m

General and administrative expense

75.3 m92.2 m41.1 m22.4 m79.3 m15.6 m23.2 m19.6 m21.9 m

Operating expense total

75.3 m92.2 m41.1 m22.4 m79.3 m15.6 m23.2 m19.6 m21.9 m

EBIT

197.4 m138.3 m42.2 m72.9 m70.1 m74.5 m79.8 m84.1 m83.1 m

EBIT margin, %

82%25%29%43%16%49%45%47%45%

Interest expense

(1.7 m)(1.7 m)(1.9 m)(9.7 m)(1.6 m)(9.5 m)(9.7 m)(10.5 m)(10.2 m)

Interest income

935 k947 k536 k548 k1 m627 k649 k687 k741 k

Pre tax profit

40.9 m63.8 m65.6 m70.7 m74.3 m73.6 m

Income tax expense

(86.7 m)(46.9 m)404 k(29.7 m)(28.3 m)(25.3 m)(27.5 m)(29.6 m)(29.4 m)

Net Income

108.1 m169.3 m(119.7 m)(85.8 m)209 m40.2 m83.5 m(41.1 m)127.7 m
    USDFY, 2014FY, 2015FY, 2016

    Cash

    92.3 m218.7 m119.6 m

    Accounts Receivable

    135.4 m136.7 m101.4 m

    Current Assets

    400 m498.4 m281.1 m

    PP&E

    1.3 b1.2 b14.2 m

    Goodwill

    701.7 m701.7 m424.5 m

    Total Assets

    2.9 b3 b806.5 m

    Accounts Payable

    16.7 m17.3 m2 m

    Total Debt

    1.5 b

    Current Liabilities

    604.2 m574.5 m112.4 m

    Total Liabilities

    1.9 b

    Additional Paid-in Capital

    1.1 b1.1 b

    Retained Earnings

    552.9 m807.6 m(905.4 m)

    Total Equity

    1.6 b1.7 b(1.1 b)

    Debt to Equity Ratio

    -1.3 x

    Debt to Assets Ratio

    1.8 x

    Financial Leverage

    1.8 x1.8 x-0.7 x
    USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

    Cash

    320.8 m378.9 m241.1 m213.4 m237.8 m111.1 m155.5 m185.1 m176.7 m

    Accounts Receivable

    116.8 m139.6 m179.6 m77 m85.7 m77 m101.2 m100.6 m106 m

    Current Assets

    552.1 m633.8 m546.6 m330.8 m381.6 m272.6 m298 m332.4 m345.1 m

    PP&E

    1.2 b1.2 b1.2 b17.8 m16 m14.5 m14 m12.6 m11.3 m

    Goodwill

    701.7 m701.7 m701.7 m424.5 m424.5 m424.5 m424.5 m424.5 m424.5 m

    Total Assets

    3.1 b3.1 b3.1 b863.1 m911 m799.5 m822.1 m854.1 m864.4 m

    Accounts Payable

    13.2 m25.5 m21.7 m6.6 m2 m1 m998 k988 k1 m

    Current Liabilities

    655.6 m655.4 m675.4 m252 m278.2 m137.8 m109.8 m115.1 m149.7 m

    Additional Paid-in Capital

    1.1 b1.1 b1.1 b1.5 m3.1 m5 m

    Retained Earnings

    660.9 m722.2 m761.9 m(1 b)(991 m)(950.6 m)(875.7 m)(832.4 m)(786.2 m)

    Total Equity

    1.7 b1.8 b1.7 b(1.2 b)(1.2 b)(1.2 b)(1.1 b)(1 b)(987 m)

    Financial Leverage

    1.8 x1.8 x1.8 x-0.7 x-0.8 x-0.7 x-0.8 x-0.8 x-0.9 x
    USDFY, 2014FY, 2015FY, 2016

    Net Income

    115.1 m254.7 m7.6 m

    Depreciation and Amortization

    107 m121.1 m14.6 m

    Accounts Receivable

    (11 m)(1.9 m)(16.6 m)

    Accounts Payable

    704 k(955 k)(9.3 m)

    Cash From Operating Activities

    342.6 m154.5 m(113.7 m)

    Capital Expenditures

    (306.4 m)(69.4 m)(3.3 m)

    Cash From Investing Activities

    (516.4 m)120.2 m(70.4 m)

    Cash From Financing Activities

    (11.8 m)(148.3 m)

    Free Cash Flow

    648.9 m223.9 m(117 m)
    USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

    Net Income

    108.1 m169.3 m209 m(119.7 m)(85.8 m)(41.1 m)40.2 m83.5 m127.7 m

    Depreciation and Amortization

    37.6 m65.8 m94.4 m4.7 m7.8 m10.4 m2.6 m5.2 m7.7 m

    Accounts Receivable

    18.4 m(4.4 m)(44.5 m)8.3 m(560 k)8 m229 k1 m(4.3 m)

    Accounts Payable

    (5.1 m)7.3 m4.2 m(4.8 m)(9.4 m)(10.4 m)(1 m)(1.1 m)(1 m)

    Cash From Operating Activities

    16 m115 m135 m14.9 m4.2 m(115.7 m)(939 k)(953 k)(976 k)

    Capital Expenditures

    (8 m)(41.2 m)(59.9 m)(1.5 m)(2 m)(2.5 m)(1.7 m)(2.2 m)(2.6 m)

    Cash From Investing Activities

    218.6 m179 m135.5 m(68.4 m)(68.4 m)(68.4 m)

    Cash From Financing Activities

    (6 m)(7.3 m)(121.6 m)

    Interest Paid

    8.9 m

    Free Cash Flow

    7.9 m73.9 m75.1 m13.4 m2.3 m(118.1 m)(2.7 m)(3.2 m)(3.6 m)
    Y, 2017

    Financial Leverage

    -0.9 x

    MSG Networks Operating Metrics

    FY, 2014FY, 2015FY, 2016

    Viewing Subscribers

    7.8 m7.5 m7.2 m

      MSG Networks Market Value History

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      Traffic Overview of MSG Networks

      MSG Networks Online and Social Media Presence

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