Short answer
Madison Square Garden Sports Corp (MSGS) filed its fiscal 2017 10-K annual report with the SEC on Aug 17, 2017. It reported revenue of $1.3B and net income of −$73M.
- Top risk flagged: NBA CBA termination rights after 2022-23 season, creating potential labor disruption for Knicks operations
FY2017 key financial metrics · XBRL
- Revenue
- $1.3B
- Net income
- −$73M
- Operating margin
- -4.6%
- EPS (diluted)
- −$3.05
- ROE
- -3.0%
- Operating cash flow
- $217M
Source: XBRL data from the Madison Square Garden Sports Corp (MSGS) FY2017 10-K on SEC EDGAR. USD.
Madison Square Garden Sports Corp FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core model: Premium live experiences spanning professional sports franchises, iconic venues, entertainment productions and hospitality assets
- New growth platforms: Controlling interests in TAO Group and esports organization CLG, plus Boston Calling festival expansion
- Strategic shift: Broader diversification into entertainment dining, nightlife, festivals and esports beyond traditional venue operations
- 2017 venue footprint: Six owned or long-term leased venues across New York City, Chicago and Inglewood, plus Wang Theatre booking rights
- Notable operational change: 2017 New York Spectacular presentation suspended pending review of creative direction, timing and scale
Management Discussion & Analysis
- Revenue $1,318.5M, up $203.1M YoY from $1,115.3M, including BCE and TAO Group acquisitions
- Net loss $76.8M vs $77.3M; operating loss $60.4M vs $58.6M
- MSG Entertainment worst segment, operating loss $140.5M; MSG Sports best, operating income $125.8M
- Cash flow and capital allocation figures incomplete in provided text; no fiscal 2017 dividend, $271M repurchase authorization remaining
- Outlook: higher standalone-company expenses and team compensation; risks from competition, league rules, venue investments and TAO Group execution
Risk Factors
- NBA CBA termination rights after 2022-23 season, creating potential labor disruption for Knicks operations
- New York City economic downturn exposure, affecting 62% of consolidated revenue from MSG Sports
- Event dependence at owned and leased venues, with MSG Entertainment representing 38% of consolidated revenue
- Team competitiveness risk versus other professional sports teams, driving Knicks and Rangers ticket demand
- Player and team transaction volatility: $42,337 of fiscal 2017 charges for injuries, trades, waivers and terminations
Generated from the filing text; verify against the original. How to read a 10-K
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