2023 Q2 Form 10-K Financial Statement

#000179525023000017 Filed on August 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022
Revenue $129.1M $573.8M $1.725B
YoY Change -71.54% -66.73% 111.81%
Cost Of Revenue $340.5M $340.5M $958.7M
YoY Change 26.08% -64.48% 139.2%
Gross Profit $233.3M $233.3M $766.0M
YoY Change 27.18% -69.54% 85.27%
Gross Profit Margin 180.71% 40.66% 44.41%
Selling, General & Admin $453.8M $453.8M $681.8M
YoY Change 124.97% -33.44% 60.67%
% of Gross Profit 194.52% 194.52% 89.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.14M $103.4M $124.6M
YoY Change -60.75% -17.05% 2.16%
% of Gross Profit 6.06% 44.31% 16.27%
Operating Expenses $199.4M $484.5M $1.827B
YoY Change -60.92% -73.48% 82.29%
Operating Profit -$70.35M -$251.2M -$102.7M
YoY Change 23.95% 144.64% -45.44%
Interest Expense $11.59M $11.59M $27.16M
YoY Change -556.28% -57.34% 32.96%
% of Operating Profit
Other Income/Expense, Net $536.9M $536.9M -$113.2M
YoY Change -2614.46% -574.14% -512.83%
Pretax Income $275.4M $275.4M -$215.9M
YoY Change -336.51% -227.55% 34.29%
Income Tax $103.4M $103.4M -$25.79M
% Of Pretax Income 37.54% 37.54%
Net Earnings $536.8M $502.8M -$194.4M
YoY Change -637.1% -358.63% 31.21%
Net Earnings / Revenue 415.8% 87.62% -11.27%
Basic Earnings Per Share $14.51 -$5.77
Diluted Earnings Per Share $14.39 $14.40 -$5.77
COMMON SHARES
Basic Shares Outstanding 34.65M shares 34.26M shares
Diluted Shares Outstanding 34.93M shares 34.26M shares

Balance Sheet

Concept 2023 Q2 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.0M $132.0M $828.5M
YoY Change -84.07% -84.07% -45.38%
Cash & Equivalents $132.0M $132.0M $828.5M
Short-Term Investments
Other Short-Term Assets $4.344M $352.9M $135.3M
YoY Change -60.33% 160.75% 2.41%
Inventory $0.00
Prepaid Expenses $22.62M
Receivables $112.6M $112.6M $222.2M
Other Receivables $26.40M $26.40M $32.54M
Total Short-Term Assets $623.9M $623.9M $1.219B
YoY Change -48.8% -48.8% -34.93%
LONG-TERM ASSETS
Property, Plant & Equipment $3.307B $3.392B $3.386B
YoY Change 12.52% 0.19% 38.93%
Goodwill $456.8M
YoY Change -8.67%
Intangibles
YoY Change
Long-Term Investments $394.5M $394.5M $43.80M
YoY Change 800.65% 800.65% -11.01%
Other Assets $87.79M $87.79M $145.3M
YoY Change -39.9% -39.59% -12.82%
Total Long-Term Assets $4.349B $4.349B $4.304B
YoY Change 1.06% 1.06% 25.94%
TOTAL ASSETS
Total Short-Term Assets $623.9M $623.9M $1.219B
Total Long-Term Assets $4.349B $4.349B $4.304B
Total Assets $4.973B $4.973B $5.522B
YoY Change -9.94% -9.94% 4.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.65M $440.2M $31.98M
YoY Change 24.0% 1276.34% 20.03%
Accrued Expenses $85.71M $85.71M $584.0M
YoY Change 7.58% -85.32% 55.31%
Deferred Revenue $27.34M
YoY Change -88.01%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $82.50M $82.50M $73.84M
YoY Change 11.72% 11.72% 36.81%
Total Short-Term Liabilities $692.1M $692.1M $956.4M
YoY Change -27.63% -27.63% 31.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.118B $1.118B $1.669B
YoY Change -33.0% -33.0% 1.13%
Other Long-Term Liabilities $88.81M $199.1M $573.5M
YoY Change -38.96% -65.29% 46.74%
Total Long-Term Liabilities $1.207B $1.317B $2.243B
YoY Change -33.48% -41.26% 9.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $692.1M $692.1M $956.4M
Total Long-Term Liabilities $1.207B $1.317B $2.243B
Total Liabilities $2.389B $2.389B $3.559B
YoY Change -28.95% -32.87% 14.02%
SHAREHOLDERS EQUITY
Retained Earnings $212.0M
YoY Change -172.93%
Common Stock $2.376B
YoY Change 3.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.584B $2.584B $1.963B
YoY Change
Total Liabilities & Shareholders Equity $4.973B $4.973B $5.522B
YoY Change -9.94% -9.94% 4.39%

Cashflow Statement

Concept 2023 Q2 2023 2022
OPERATING ACTIVITIES
Net Income $536.8M $502.8M -$194.4M
YoY Change -637.1% -358.63% 31.21%
Depreciation, Depletion And Amortization $14.14M $103.4M $124.6M
YoY Change -60.75% -17.05% 2.16%
Cash From Operating Activities $15.77M $153.6M $141.3M
YoY Change -55.13% 8.67% -340.81%
INVESTING ACTIVITIES
Capital Expenditures $294.5M $1.059B $756.7M
YoY Change -222.58% 39.94% 65.94%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities $466.0M $405.1M -$1.060M
YoY Change -3009.93% -38312.74% 438.07%
Cash From Investing Activities $171.6M -$653.9M -$804.2M
YoY Change -166.95% -18.68% 552.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -114.9M $85.54M -$30.39M
YoY Change -343.9% -381.46% -105.13%
NET CHANGE
Cash From Operating Activities 15.77M $153.6M $141.3M
Cash From Investing Activities 171.6M -$653.9M -$804.2M
Cash From Financing Activities -114.9M $85.54M -$30.39M
Net Change In Cash 72.38M -$416.9M -$694.0M
YoY Change -141.61% -39.93% -265.69%
FREE CASH FLOW
Cash From Operating Activities $15.77M $153.6M $141.3M
Capital Expenditures $294.5M $1.059B $756.7M
Free Cash Flow -$278.7M -$905.4M -$615.4M
YoY Change -201.21% 47.13% 19.56%

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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Due From Affiliates Current
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CY2021 us-gaap Increase Decrease In Due From Affiliates Current
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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178758000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
43982000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
33348000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
117278000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
78442000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39895000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
135448000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
18572000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12753000 usd
CY2023 sphr Increase Decrease In Right Of Use Assets And Liabilities
IncreaseDecreaseInRightOfUseAssetsAndLiabilities
16286000 usd
CY2022 sphr Increase Decrease In Right Of Use Assets And Liabilities
IncreaseDecreaseInRightOfUseAssetsAndLiabilities
564000 usd
CY2021 sphr Increase Decrease In Right Of Use Assets And Liabilities
IncreaseDecreaseInRightOfUseAssetsAndLiabilities
6240000 usd
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153591000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141340000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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1058978000 usd
CY2022 us-gaap Payments For Proceeds From Productive Assets
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48507000 usd
CY2021 us-gaap Interest Paid Capitalized
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34890000 usd
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-209045000 usd
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0 usd
CY2021 us-gaap Payments For Proceeds From Short Term Investments
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318003000 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses
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5949000 usd
CY2022 sphr Proceeds To Acquire Equity Method Investments
ProceedsToAcquireEquityMethodInvestments
1060000 usd
CY2021 sphr Proceeds To Acquire Equity Method Investments
ProceedsToAcquireEquityMethodInvestments
197000 usd
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CY2022 us-gaap Payments For Proceeds From Loans Receivable
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CY2021 us-gaap Payments For Proceeds From Loans Receivable
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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302668000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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725000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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630500000 usd
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72875000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
725000000 usd
CY2021 us-gaap Repayments Of Other Long Term Debt
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46750000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
39100000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2000000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
15000000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16625000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16658000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8208000 usd
CY2021 us-gaap Proceeds From Contributed Capital
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18537000 usd
CY2023 us-gaap Proceeds From Payments To Minority Shareholders
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-1881000 usd
CY2022 us-gaap Proceeds From Payments To Minority Shareholders
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CY2023 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
12838000 usd
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
CY2023 sphr Payment To Related Parties For Share Based Award Settlement
PaymentToRelatedPartiesForShareBasedAwardSettlement
2388000 usd
CY2022 sphr Payment To Related Parties For Share Based Award Settlement
PaymentToRelatedPartiesForShareBasedAwardSettlement
2256000 usd
CY2021 sphr Payment To Related Parties For Share Based Award Settlement
PaymentToRelatedPartiesForShareBasedAwardSettlement
1771000 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
4638000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5238000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17504000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14623000 usd
CY2023 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
119119000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
85542000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30392000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
592685000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-2106000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-750000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8027000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-416896000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-693966000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
418835000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
846010000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1539976000 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1121141000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
429114000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
846010000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1539976000 usd
CY2023 sphr Investments And Loans To Related Parties
InvestmentsAndLoansToRelatedParties
113000 usd
CY2022 sphr Investments And Loans To Related Parties
InvestmentsAndLoansToRelatedParties
791000 usd
CY2021 sphr Investments And Loans To Related Parties
InvestmentsAndLoansToRelatedParties
0 usd
CY2023 us-gaap Transfer To Investments
TransferToInvestments
0 usd
CY2022 us-gaap Transfer To Investments
TransferToInvestments
0 usd
CY2021 us-gaap Transfer To Investments
TransferToInvestments
59763000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
248041000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
206462000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
110428000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3642000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2979000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5467000 usd
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2299504000 usd
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
20600000 usd
CY2021 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-150250000 usd
CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-16269000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20201000 usd
CY2021 sphr Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest
-130049000 usd
CY2021 sphr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterests
-16269000 usd
CY2021 sphr Temporary Equity Noncontrolling Interests Non Cash Acquisition
TemporaryEquityNoncontrollingInterestsNonCashAcquisition
76500000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
73702000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2180406000 usd
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
137834000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2180406000 usd
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
137834000 usd
CY2022 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-197886000 usd
CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
7739000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18083000 usd
CY2022 sphr Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest
-215969000 usd
CY2022 sphr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterests
7739000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
77772000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
16658000 usd
CY2022 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
2348000 usd
CY2022 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-49248000 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-50636000 usd
CY2022 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
-3173000 usd
CY2022 sphr Adjustment Of Redeemable Noncontrolling Interest To Redemption Value
AdjustmentOfRedeemableNoncontrollingInterestToRedemptionValue
8070000 usd
CY2022 sphr Distribution To Related Parties Associated With The Settlement Of Certain Share Based Compensation
DistributionToRelatedPartiesAssociatedWithTheSettlementOfCertainShareBasedCompensation
1496000 usd
CY2022 sphr Partially Own Subsidiary Distribution To Related Party Portion Attributable To Noncontrolling Interest
PartiallyOwnSubsidiaryDistributionToRelatedPartyPortionAttributableToNoncontrollingInterest
760000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
6400000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2650000 usd
CY2022 sphr Decrease From Distributions To Redeemable Noncontrolling Interest Holders
DecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
4640000 usd
CY2022 sphr Put Option Payments
PutOptionPayments
-895000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1975384000 usd
CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
184192000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1975384000 usd
CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
184192000 usd
CY2023 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
501755000 usd
CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
3925000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6876000 usd
CY2023 sphr Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest
508631000 usd
CY2023 sphr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterests
3925000 usd
CY2023 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
126375000 usd
CY2023 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
126375000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
64406000 usd
CY2023 sphr Temporary Equity Accretion Of Put Options
TemporaryEquityAccretionOfPutOptions
-895000 usd
CY2023 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
2786000 usd
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
16620000 usd
CY2023 sphr Distribution To Related Parties Associated With The Settlement Of Certain Share Based Compensation
DistributionToRelatedPartiesAssociatedWithTheSettlementOfCertainShareBasedCompensation
1736000 usd
CY2023 sphr Partially Own Subsidiary Distribution To Related Party Portion Attributable To Noncontrolling Interest
PartiallyOwnSubsidiaryDistributionToRelatedPartyPortionAttributableToNoncontrollingInterest
652000 usd
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
3000000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1881000 usd
CY2023 sphr Decrease From Distributions To Redeemable Noncontrolling Interest Holders
DecreaseFromDistributionsToRedeemableNoncontrollingInterestHolders
3141000 usd
CY2023 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-4582000 usd
CY2023 sphr Redeemable Noncontrolling Interests Gain Loss On Disposition Of Business
RedeemableNoncontrollingInterestsGainLossOnDispositionOfBusiness
-60735000 usd
CY2023 sphr Adjustments To Additional Paid In Capital Distributions To Affiliates
AdjustmentsToAdditionalPaidInCapitalDistributionsToAffiliates
-68217000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2583865000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 sphr Number Of Networks
NumberOfNetworks
2 network
CY2023 sphr Venue Occupancy Number Of Guests
VenueOccupancyNumberOfGuests
20000 guest
CY2023 sphr Building Height Feet
BuildingHeightFeet
100 ft
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For purposes of comparability, certain prior period amounts have been reclassified to conform to the current year presentation in accordance with accounting principles generally accepted in the United States of America (“GAAP”).</span></div>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
843000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1900000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates<div style="margin-top:6.6pt"><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 consolidated financial statements in conformity with U.S. generally accepted accounting principles (“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, valuation of investments, 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, rights fees, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the financial statements to be reasonable.</span></div><div style="margin-top:6.6pt"><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 financial statements in future periods.</span></div>
CY2023Q2 us-gaap Deferred Costs
DeferredCosts
61421000 usd
CY2022Q2 us-gaap Deferred Costs
DeferredCosts
0 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
16977000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
22880000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
24533000 usd
CY2022 us-gaap Revenues
Revenues
610055000 usd
CY2021 us-gaap Revenues
Revenues
647510000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
2610000 usd
CY2023 us-gaap Revenues
Revenues
573831000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
171000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
571221000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
2610000 usd
CY2023 us-gaap Revenues
Revenues
573831000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
608155000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentrations of RiskFinancial instruments that may potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash and cash equivalents are invested in U.S. treasury bills, money market accounts and time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company’s emphasis is primarily on safety of principal and liquidity, and secondarily on maximizing the yield on its investments.
CY2022 us-gaap Sublease Income
SubleaseIncome
1900000 usd
CY2022 us-gaap Revenues
Revenues
610055000 usd
CY2021 us-gaap Revenues
Revenues
647510000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4254000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36070000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
30322000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
17011000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3433000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
86836000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
27924000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
-13404000 usd
CY2023Q2 us-gaap Investments
Investments
394519000 usd
CY2022Q2 us-gaap Investments
Investments
40297000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1969000 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023 sphr Restructuring Charges Excluding Share Based Compensation Expense
RestructuringChargesExcludingShareBasedCompensationExpense
19806000 usd
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
4971000 usd
CY2023 sphr Restructuring And Related Costs Spinoff Transfers
RestructuringAndRelatedCostsSpinoffTransfers
5944000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
8891000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
333653000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-52297000 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-171142000 usd
CY2023 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
0 usd
CY2022 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
-3173000 usd
CY2021 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
-8728000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
330745000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-59718000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-161502000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34651000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34255000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34077000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
278000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
175000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34929000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34255000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34252000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1207000 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.96
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.02
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.14
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
9.55
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-1.75
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-4.74
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
14.51
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.77
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.60
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.93
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.02
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
9.47
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-1.75
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-4.72
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.40
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.77
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.59
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3394989000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2221064000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
87828000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
63487000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3307161000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2157577000 usd
CY2023 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
27601000 usd
CY2022 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
16794000 usd
CY2021 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
13146000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
84912000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
66151000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10127000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6553000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110259000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
84420000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
120386000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
90973000 usd
CY2023 us-gaap Lease Cost
LeaseCost
17602000 usd
CY2022 us-gaap Lease Cost
LeaseCost
18284000 usd
CY2021 us-gaap Lease Cost
LeaseCost
21576000 usd
CY2023 sphr Lessee Ground Lease Termof Objectives After Tax Cash Flowin Excessof Objective Percent
LesseeGroundLeaseTermofObjectivesAfterTaxCashFlowinExcessofObjectivePercent
0.25
CY2023Q2 sphr Lessee Ground Lease Funding
LesseeGroundLeaseFunding
75000000 usd
CY2023 sphr Lessee Ground Lease Construction Costs Paid
LesseeGroundLeaseConstructionCostsPaid
65000000 usd
CY2023 sphr Lessee Ground Lease Termof Contract
LesseeGroundLeaseTermofContract
P50Y
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
12332000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
14400000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
16603000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6435000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
43834000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19182000 usd
CY2022 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
-17697000 usd
CY2021 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
0 usd
CY2023 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
0 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10489000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17174000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14657000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11382000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11570000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
119439000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
184711000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
64325000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
120386000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0538
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0078
CY2021Q2 us-gaap Goodwill
Goodwill
456807000 usd
CY2022 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2022Q2 us-gaap Goodwill
Goodwill
456807000 usd
CY2023 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2023Q2 us-gaap Goodwill
Goodwill
456807000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83044000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83044000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
65134000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62019000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17910000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21025000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3115000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5768000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3460000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3115000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3115000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3115000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3115000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3115000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
275891000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
255430000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
254780000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
260066000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
269134000 usd
CY2023Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
1819583000 usd
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
3134884000 usd
CY2023 sphr Loss Contingency Number Of Complaints Filed
LossContingencyNumberOfComplaintsFiled
15 complaint
CY2023Q2 sphr Loss Contingency Remaining Claims Filed Involving Fiduciary Breaches
LossContingencyRemainingClaimsFiledInvolvingFiduciaryBreaches
2 complaint
CY2021Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 complaint
CY2021Q3 sphr Loss Contingency Number Of Consolidated Claims
LossContingencyNumberOfConsolidatedClaims
4 complaint
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
82500000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
66000000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
1207250000 usd
CY2023Q2 sphr Total Long Term Debt Carrying Value
TotalLongTermDebtCarryingValue
1207250000 usd
CY2023Q2 sphr Total Long Term Debt Fair Value
TotalLongTermDebtFairValue
1199839000 usd
CY2022Q2 sphr Total Long Term Debt Carrying Value
TotalLongTermDebtCarryingValue
998250000 usd
CY2022Q2 sphr Total Long Term Debt Fair Value
TotalLongTermDebtFairValue
958320000 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6363000 usd
CY2023Q2 sphr Defined Benefit Plan Number Of Sponsored Plans
DefinedBenefitPlanNumberOfSponsoredPlans
2 plan
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
172000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
139000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
4678000 usd
CY2023Q2 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022Q2 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
320000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
962000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
891000 usd
CY2023Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
17976000 usd
CY2022Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
18756000 usd
CY2023Q2 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.05
CY2023 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
83000 usd
CY2023Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
1087000 usd
CY2023Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1087000 usd
CY2023 sphr Number Of Share Based Compensation Plans
NumberOfShareBasedCompensationPlans
3 plan
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2023Q2 sphr Number Of Equity Award Options
NumberOfEquityAwardOptions
2 option
CY2023Q2 sphr Share Based Compensation Arrangement By Share Based Payment Award Threshold Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
10 d
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
75.70
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
50.81
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
72.32
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
63.82
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
63.74
CY2020Q2 sphr Number Of Share Based Compensation Plans
NumberOfShareBasedCompensationPlans
2 plan
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
57840000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-35213000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9142000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
35656000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3970000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
9222000 usd
CY2023 sphr Effective Income Tax Rate Reconciliation Changein Estimated Applicable Corporate Tax Rate Usedto Determine Deferred Taxes
EffectiveIncomeTaxRateReconciliationChangeinEstimatedApplicableCorporateTaxRateUsedtoDetermineDeferredTaxes
1286000 usd
CY2022 sphr Effective Income Tax Rate Reconciliation Changein Estimated Applicable Corporate Tax Rate Usedto Determine Deferred Taxes
EffectiveIncomeTaxRateReconciliationChangeinEstimatedApplicableCorporateTaxRateUsedtoDetermineDeferredTaxes
-1732000 usd
CY2021 sphr Effective Income Tax Rate Reconciliation Changein Estimated Applicable Corporate Tax Rate Usedto Determine Deferred Taxes
EffectiveIncomeTaxRateReconciliationChangeinEstimatedApplicableCorporateTaxRateUsedtoDetermineDeferredTaxes
5332000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2053000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2200000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4863000 usd
CY2023 sphr Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amountof Tax Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmountofTaxExpense
4814000 usd
CY2022 sphr Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amountof Tax Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmountofTaxExpense
12759000 usd
CY2021 sphr Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amountof Tax Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmountofTaxExpense
9646000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
291000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
34000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-399000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
103403000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-29830000 usd
CY2021 us-gaap Income Tax Expense Benefit
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