MSG Networks

MSG Networks Inc. is an industry leader with two award-winning regional sports and entertainment networks, MSG Network (MSG) and MSG+; in addition to 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. Each year, the networks collectively telecast approximately 700 live sporting events. The gold standard for regional broadcasting, MSG has won 112 New York Emmy Awards over the past eight years, more than any single network or station in the region.
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 $658.2 m in FY, 2016 which is a 59% decrease from the previous period.
USD

Revenue (FY, 2016)

658.2 m

Revenue growth (FY, 2015 - FY, 2016), %

(59%)

Net income (FY, 2016)

7.6 m

EBIT (FY, 2016)

273.6 m

Market capitalization (26-Jun-2017)

1.7 b

Closing share price (26-Jun-2017)

22

Cash (30-Jun-2016)

119.6 m

EV

3 b
MSG Networks's current market capitalization is $1.7 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.6 b658.2 m

Revenue growth, %

4%(59%)

EBIT

184.1 m487 m273.6 m

EBIT margin, %

12%30%42%

Interest income

2.5 m4 m2.4 m

Net Income

115.1 m254.7 m7.6 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

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
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)(17 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(110.4 m)
USDY, 2016

EV/EBIT

11.1 x

EV/CFO

-26.7 x

EV/FCF

-27.5 x

Revenue/Employee

470.1 k

Debt/Equity

-1.3 x

Debt/Assets

1.8 x

Financial Leverage

-0.7 x

MSG Networks Market Value History

MSG Networks Online and Social Media Presence

MSG Networks News and Updates

MSG Networks Company Life and Culture

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