$MSGE
Madison Square Garden Entertainment Corp. Stock $msge

$msge Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000195207323000018 Filed on November 07, 2023

Income Statement

Concept	2023 Q3	2022 Q3
Revenue	$142.2M	$401.2M
YoY Change	-64.55%
Cost Of Revenue	$101.7M	$253.9M
YoY Change	-59.95%
Gross Profit	$40.50M	$147.3M
YoY Change	-72.51%
Gross Profit Margin	28.48%	36.72%
Selling, General & Admin	$48.82M	$164.4M
YoY Change	-70.3%
% of Gross Profit	120.55%	111.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.59M	$29.76M
YoY Change	-54.34%
% of Gross Profit	33.54%	20.2%
Operating Expenses	$48.82M	$194.2M
YoY Change	-74.86%
Operating Profit	-$33.43M	-$46.85M
YoY Change	-28.65%
Interest Expense	$14.29M	$1.787M
YoY Change	699.5%
% of Operating Profit
Other Income/Expense, Net	-$4.469M	$1.525M
YoY Change	-393.05%
Pretax Income	-$51.30M	-$41.54M
YoY Change	23.51%
Income Tax	-$659.0K	$2.507M
% Of Pretax Income
Net Earnings	-$50.67M	-$44.76M
YoY Change	13.21%
Net Earnings / Revenue	-35.63%	-11.16%
Basic Earnings Per Share	-$1.00	-$0.35
Diluted Earnings Per Share	-$1.00	-$1.30
COMMON SHARES
Basic Shares Outstanding	50.44M shares	51.77M shares
Diluted Shares Outstanding	50.44M shares	51.77M shares

Balance Sheet

Concept	2023 Q3	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$37.20M	$441.4M
YoY Change	-91.57%
Cash & Equivalents	$37.18M	$441.4M
Short-Term Investments
Other Short-Term Assets	$7.888M	$190.1M
YoY Change	-95.85%
Inventory	$3.361M
Prepaid Expenses	$77.46M
Receivables	$100.2M	$209.5M
Other Receivables	$47.45M	$0.00
Total Short-Term Assets	$283.6M	$840.9M
YoY Change	-66.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$619.9M	$3.685B
YoY Change	-83.17%
Goodwill	$69.04M
YoY Change
Intangibles	$63.80M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$83.15M	$177.6M
YoY Change	-53.18%
Total Long-Term Assets	$1.065B	$4.585B
YoY Change	-76.77%
TOTAL ASSETS
Total Short-Term Assets	$283.6M	$840.9M
Total Long-Term Assets	$1.065B	$4.585B
Total Assets	$1.349B	$5.426B
YoY Change	-75.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.72M	$106.3M
YoY Change	-82.39%
Accrued Expenses	$43.06M	$473.9M
YoY Change	-90.91%
Deferred Revenue	$289.0M
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$20.31M	$86.17M
YoY Change	-76.43%
Total Short-Term Liabilities	$604.7M	$920.1M
YoY Change	-34.28%
LONG-TERM LIABILITIES
Long-Term Debt	$699.4M	$1.653B
YoY Change	-57.68%
Other Long-Term Liabilities	$43.74M	$587.4M
YoY Change	-92.55%
Total Long-Term Liabilities	$743.2M	$2.240B
YoY Change	-66.82%
TOTAL LIABILITIES
Total Short-Term Liabilities	$604.7M	$920.1M
Total Long-Term Liabilities	$743.2M	$2.240B
Total Liabilities	$1.584B	$3.519B
YoY Change	-55.0%
SHAREHOLDERS EQUITY
Retained Earnings	-$79.37M
YoY Change
Common Stock	$17.98M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$235.2M	$1.907B
YoY Change
Total Liabilities & Shareholders Equity	$1.349B	$5.426B
YoY Change	-75.15%

Cashflow Statement

Concept	2023 Q3	2022 Q3
OPERATING ACTIVITIES
Net Income	-$50.67M	-$44.76M
YoY Change	13.21%
Depreciation, Depletion And Amortization	$13.59M	$29.76M
YoY Change	-54.34%
Cash From Operating Activities	$1.378M	-$81.18M
YoY Change	-101.7%
INVESTING ACTIVITIES
Capital Expenditures	$3.300M	$270.1M
YoY Change	-98.78%
Acquisitions
YoY Change
Other Investing Activities	-$52.20M	-$15.13M
YoY Change	245.01%
Cash From Investing Activities	-$55.49M	-$285.2M
YoY Change	-80.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$51.39M
YoY Change
Debt Paid & Issued, Net	$0.00
YoY Change
Cash From Financing Activities	$9.273M	-20.02M
YoY Change	-146.31%
NET CHANGE
Cash From Operating Activities	$1.378M	-81.18M
Cash From Investing Activities	-$55.49M	-285.2M
Cash From Financing Activities	$9.273M	-20.02M
Net Change In Cash	-$44.84M	-386.4M
YoY Change	-88.4%
FREE CASH FLOW
Cash From Operating Activities	$1.378M	-$81.18M
Capital Expenditures	$3.300M	$270.1M
Free Cash Flow	-$1.922M	-$351.3M
YoY Change	-99.45%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Direct Operating Costs DirectOperatingCosts	101677000	usd
CY2022Q3	us-gaap	Direct Operating Costs DirectOperatingCosts	101662000	usd
CY2023Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	48822000	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	40114000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	13585000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	15985000	usd
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	11553000	usd
CY2023Q3	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	812000	usd
CY2022Q3	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	805000	usd
CY2023Q3	msge	Increase Decrease In Paid In Kind Interest IncreaseDecreaseInPaidInKindInterest	0	usd
CY2022Q3	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-33425000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-11309000	usd
CY2023Q3	us-gaap	Interest Income Other InterestIncomeOther	851000	usd
CY2022Q3	us-gaap	Interest Income Other InterestIncomeOther	1510000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	14287000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	11427000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4469000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	886000	usd
CY2023Q3	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	-51330000	usd
CY2022Q3	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	-20340000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-659000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2066000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-50671000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-18274000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	0	usd
CY2022Q3	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	-372000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-50671000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-17902000	usd
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.00
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.00
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.35
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.35
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50437000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50437000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51768000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51768000	shares
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-50671000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-18274000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	238000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	371000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	238000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	371000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	41000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	66000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	197000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	305000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-50474000	usd
CY2022Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-17969000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	0	usd
CY2022Q3	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	-372000	usd
CY2022Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-17597000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-50671000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-18274000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	15985000	usd
CY2022Q3	us-gaap	Share Based Compensation ShareBasedCompensation	7410000	usd
CY2022Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	usd
CY2023Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	305000	usd
CY2022Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	15000	usd
CY2022Q3	msge	Increase Decrease In Paid In Kind Interest IncreaseDecreaseInPaidInKindInterest	-902000	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-3901000	usd
CY2022Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	830000	usd
CY2023Q3	msge	Noncash Lease Expense NoncashLeaseExpense	3662000	usd
CY2022Q3	msge	Noncash Lease Expense NoncashLeaseExpense	3175000	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	36610000	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-9934000	usd
CY2023Q3	us-gaap	Increase Decrease In Due From Affiliates Current IncreaseDecreaseInDueFromAffiliatesCurrent	-44654000	usd
CY2022Q3	us-gaap	Increase Decrease In Due From Affiliates Current IncreaseDecreaseInDueFromAffiliatesCurrent	33764000	usd
CY2023Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	10391000	usd
CY2022Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2851000	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-41184000	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-58134000	usd
CY2023Q3	us-gaap	Increase Decrease In Deferred Liabilities IncreaseDecreaseInDeferredLiabilities	63172000	usd
CY2022Q3	us-gaap	Increase Decrease In Deferred Liabilities IncreaseDecreaseInDeferredLiabilities	24182000	usd
CY2023Q3	msge	Increase Decrease In Right Of Use Assets And Liabilities IncreaseDecreaseInRightOfUseAssetsAndLiabilities	-2163000	usd
CY2022Q3	msge	Increase Decrease In Right Of Use Assets And Liabilities IncreaseDecreaseInRightOfUseAssetsAndLiabilities	-4077000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1378000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-57326000	usd
CY2023Q3	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	3334000	usd
CY2022Q3	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	4855000	usd
CY2023Q3	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	12844000	usd
CY2022Q3	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	3819000	usd
CY2023Q3	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	65000000	usd
CY2022Q3	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	0	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-55490000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1036000	usd
CY2023Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	73000000	usd
CY2022Q3	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2022Q3	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	usd
CY2022Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2022Q3	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2022Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023Q3	msge	Net Transfers Financing Activities NetTransfersFinancingActivities	0	usd
CY2022Q3	msge	Net Transfers Financing Activities NetTransfersFinancingActivities	-102096000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	9273000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	102096000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-44839000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	43734000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	62573000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39516000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	106307000	usd
CY2023Q3	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1291000	usd
CY2022Q3	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	445000	usd
CY2023Q3	msge	Noncash Stock Repurchases In Lieu Of Payment Of Loan Due From Related Parties NoncashStockRepurchasesInLieuOfPaymentOfLoanDueFromRelatedParties	65512000	usd
CY2022Q3	msge	Noncash Stock Repurchases In Lieu Of Payment Of Loan Due From Related Parties NoncashStockRepurchasesInLieuOfPaymentOfLoanDueFromRelatedParties	0	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-69472000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-50671000	usd
CY2023Q3	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-50671000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	197000	usd
CY2023Q3	msge	Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest	-50474000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	12965000	usd
CY2023Q3	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	11834000	usd
CY2023Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	116386000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-235201000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1589000	usd
CY2022Q3	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-18274000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	305000	usd
CY2022Q3	msge	Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest	-17969000	usd
CY2022Q3	msge	Net Parent Investment Decrease In Conjunction With Spinoff NetParentInvestmentDecreaseInConjunctionWithSpinoff	-109383000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	89825000	usd
CY2023Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q3	us-gaap	Use Of Estimates UseOfEstimates	Use of Estimates<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the accompanying condensed consolidated and combined financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the financial statements to be reasonable.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s condensed consolidated and combined financial statements in future periods.</span></div>
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	139766000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	144298000	usd
CY2023Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	2446000	usd
CY2022Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	2154000	usd
CY2023Q3	us-gaap	Revenues Revenues	142212000	usd
CY2022Q3	us-gaap	Revenues Revenues	146452000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	139766000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	144298000	usd
CY2023Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	2446000	usd
CY2022Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	2154000	usd
CY2023Q3	us-gaap	Revenues Revenues	142212000	usd
CY2022Q3	us-gaap	Revenues Revenues	146452000	usd
CY2023Q2	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	31641000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	69729000	usd
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	615000000	usd
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.55
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P2Y
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.32
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P2Y
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	11553000	usd
CY2023Q3	us-gaap	Severance Costs1 SeveranceCosts1	6788000	usd
CY2023Q2	us-gaap	Restructuring Reserve RestructuringReserve	2530000	usd
CY2023Q3	msge	Restructuring Charges Excluding Share Based Compensation Expense RestructuringChargesExcludingShareBasedCompensationExpense	7570000	usd
CY2023Q3	us-gaap	Payments For Restructuring PaymentsForRestructuring	1243000	usd
CY2023Q3	us-gaap	Restructuring Reserve RestructuringReserve	8857000	usd
CY2023Q3	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	14895000	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-3901000	usd
CY2022Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	830000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1526899000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1522274000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	906971000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	893386000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	619928000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	628888000	usd
CY2023Q3	us-gaap	Cost Of Goods And Services Sold Depreciation And Amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization	13585000	usd
CY2022Q3	us-gaap	Cost Of Goods And Services Sold Depreciation And Amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization	15536000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	69041000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	69041000	usd
CY2023Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	63801000	usd
CY2023Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	63801000	usd
CY2023Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	usd
CY2022Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	449000	usd
CY2023Q2	us-gaap	Contractual Obligation ContractualObligation	926466000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	712092000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12665000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	699427000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	643029000	usd
CY2023Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12845000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	630184000	usd
CY2023Q3	msge	Total Long Term Debt Carrying Value TotalLongTermDebtCarryingValue	732405000	usd
CY2023Q3	msge	Total Long Term Debt Fair Value TotalLongTermDebtFairValue	727844000	usd
CY2023Q2	msge	Total Long Term Debt Carrying Value TotalLongTermDebtCarryingValue	659279000	usd
CY2023Q2	msge	Total Long Term Debt Fair Value TotalLongTermDebtFairValue	655813000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12665000	usd
CY2023Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12845000	usd
CY2023Q3	msge	Deferred Compensation Arrangement With Individual Compensation Income DeferredCompensationArrangementWithIndividualCompensationIncome	145000	usd
CY2022Q3	msge	Deferred Compensation Arrangement With Individual Compensation Income DeferredCompensationArrangementWithIndividualCompensationIncome	154000	usd
CY2023Q3	us-gaap	Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease	-145000	usd
CY2022Q3	us-gaap	Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease	-154000	usd
CY2023Q3	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	3871000	usd
CY2023Q2	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	2954000	usd
CY2023Q3	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	3914000	usd
CY2023Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2976000	usd
CY2023Q3	msge	Number Of Share Based Compensation Plans NumberOfShareBasedCompensationPlans	2	plan
CY2023Q3	us-gaap	Severance Costs1 SeveranceCosts1	6788000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	37179000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	76089000	usd
CY2023Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2337000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	8266000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39516000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	84355000	usd
CY2023Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	77458000	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	58588000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	7708000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	11254000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	3361000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	2557000	usd
CY2023Q3	us-gaap	Other Assets Current OtherAssetsCurrent	7888000	usd
CY2023Q2	us-gaap	Other Assets Current OtherAssetsCurrent	5163000	usd
CY2023Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	96415000	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	77562000	usd
CY2023Q3	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	57957000	usd
CY2023Q2	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	67325000	usd
CY2023Q3	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	14895000	usd
CY2023Q2	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	31641000	usd
CY2023Q3	us-gaap	Deferred Costs DeferredCosts	4111000	usd
CY2023Q2	us-gaap	Deferred Costs DeferredCosts	4120000	usd
CY2023Q3	us-gaap	Investments And Other Noncurrent Assets InvestmentsAndOtherNoncurrentAssets	6187000	usd
CY2023Q2	us-gaap	Investments And Other Noncurrent Assets InvestmentsAndOtherNoncurrentAssets	5270000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	83150000	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	108356000	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	18715000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	15628000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	35959000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	64532000	usd
CY2023Q3	msge	Cash Due To Promoters CashDueToPromoters	89453000	usd
CY2023Q2	msge	Cash Due To Promoters CashDueToPromoters	90538000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	43060000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	44027000	usd
CY2023Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	187187000	usd
CY2023Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	214725000	usd
CY2022Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-659000	usd
CY2023Q3	msge	Other Income Expense OtherIncomeExpense	-568000	usd
CY2022Q3	msge	Other Income Expense OtherIncomeExpense	56000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4469000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	886000	usd
CY2023Q3	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	0	usd
CY2022Q3	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	2071000	usd

Files In Submission

Name	View Source	Status
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0001952073-23-000018-index.html	Edgar Link	pending
0001952073-23-000018.txt	Edgar Link	pending
0001952073-23-000018-xbrl.zip	Edgar Link	pending
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msge-20230930_g1.jpg	Edgar Link	pending
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msgeexhibit3210930202310q.htm	Edgar Link	pending
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$MSGE
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2023 Q3 Form 10-Q Financial Statement

#000195207323000018 Filed on November 07, 2023

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$MSGE Madison Square Garden Entertainment Corp. Stock $msge

2023 Q3 Form 10-Q Financial Statement

#000195207323000018 Filed on November 07, 2023

Income Statement

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Files In Submission

$MSGE
Madison Square Garden Entertainment Corp. Stock $msge