10-Q quarterly report · filed Feb 8, 2018

Madison Square Garden Sports Corp (MSGS) Q4 2017 10-Q Quarterly Report

Short answer

Madison Square Garden Sports Corp (MSGS) filed its Q4 2017 10-Q quarterly report on Feb 8, 2018 for the quarter ended Dec 31, 2017.

Madison Square Garden Sports Corp Q4 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $536,302, up $91,152 YoY, driven by TAO Group and higher entertainment and sports event revenue
  • Operating margin 13.5% vs 13.1% YoY, operating income $72,437 vs $58,251
  • MSG Entertainment strongest segment: revenue $271,216, up 41%; operating income $74,531 vs $56,976
  • Cash $1,125,647 vs $1,238,114 at June 30; operating cash flow $63,267 vs $109,932
  • Outlook: lower regular-season ticket revenue expected in the second half, with fewer Knicks and Rangers home games

Risk Factors

  • Credit risk: Second Credit Agreement amendment preserves lenders’ remedies for prior and future defaults
  • Compliance risk: Strict covenant compliance now expected despite prior waivers or delayed lender enforcement
  • Liquidity risk: Company must reimburse agents for actual, reasonable amendment expenses
  • Guarantee risk: Subsidiary guarantors reaffirmed obligations under amended Credit Documents

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Madison Square Garden Sports Corp quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.