2024 Q2 Form 10-K Financial Statement

#000179525024000026 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023
Revenue $273.4M $1.027B $573.8M
YoY Change 111.77% 78.95% -66.73%
Cost Of Revenue $149.5M $542.1M $340.5M
YoY Change -56.09% 59.19% -64.48%
Gross Profit $123.9M $484.8M $233.3M
YoY Change -46.9% 107.8% -69.54%
Gross Profit Margin 45.31% 47.21% 40.66%
Selling, General & Admin $107.0M $438.6M $453.8M
YoY Change -76.41% -3.36% -33.44%
% of Gross Profit 86.41% 90.47% 194.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $82.34M $256.5M $103.4M
YoY Change 482.26% 148.12% -17.05%
% of Gross Profit 66.47% 52.91% 44.31%
Operating Expenses $344.8M $695.1M $484.5M
YoY Change 72.87% 43.45% -73.48%
Operating Profit -$71.38M -$210.3M -$251.2M
YoY Change 1.47% -16.3% 144.64%
Interest Expense -$6.842M -$60.86M $11.59M
YoY Change -159.06% -625.32% -57.34%
% of Operating Profit
Other Income/Expense, Net -$14.96M $35.20M $536.9M
YoY Change -102.79% -93.44% -574.14%
Pretax Income -$93.18M -$360.2M $275.4M
YoY Change -133.83% -230.79% -227.55%
Income Tax -$21.97M -$135.6M $103.4M
% Of Pretax Income 37.54%
Net Earnings -$46.59M -$200.6M $502.8M
YoY Change -108.68% -139.91% -358.63%
Net Earnings / Revenue -17.04% -19.54% 87.62%
Basic Earnings Per Share -$5.68 $14.51
Diluted Earnings Per Share -$1.30 -$5.68 $14.40
COMMON SHARES
Basic Shares Outstanding 35.30M shares 34.65M shares
Diluted Shares Outstanding 35.30M shares 34.93M shares

Balance Sheet

Concept 2024 Q2 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $559.8M $559.8M $132.0M
YoY Change 324.17% 324.17% -84.07%
Cash & Equivalents $573.2M $559.8M $132.0M
Short-Term Investments
Other Short-Term Assets $6.138M $66.83M $352.9M
YoY Change 41.3% -81.06% 160.75%
Inventory $11.89M
Prepaid Expenses $30.86M
Receivables $229.7M $229.7M $112.6M
Other Receivables $9.377M $9.377M $26.40M
Total Short-Term Assets $865.7M $865.7M $623.9M
YoY Change 38.75% 38.75% -48.8%
LONG-TERM ASSETS
Property, Plant & Equipment $3.158B $3.265B $3.392B
YoY Change -4.5% -3.75% 0.19%
Goodwill $470.2M
YoY Change 2.92%
Intangibles
YoY Change
Long-Term Investments $30.73M $30.73M $394.5M
YoY Change -92.21% -92.21% 800.65%
Other Assets $124.5M $123.6M $87.79M
YoY Change 41.8% 40.77% -39.59%
Total Long-Term Assets $3.922B $3.922B $4.349B
YoY Change -9.82% -9.82% 1.06%
TOTAL ASSETS
Total Short-Term Assets $865.7M $865.7M $623.9M
Total Long-Term Assets $3.922B $3.922B $4.349B
Total Assets $4.788B $4.788B $4.973B
YoY Change -3.72% -3.72% -9.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.88M $300.5M $440.2M
YoY Change -52.4% -31.74% 1276.34%
Accrued Expenses $135.2M $135.2M $85.71M
YoY Change 57.72% 57.72% -85.32%
Deferred Revenue $80.40M
YoY Change 194.12%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $849.4M $849.4M $82.50M
YoY Change 929.62% 929.62% 11.72%
Total Short-Term Liabilities $1.374B $1.374B $692.1M
YoY Change 98.47% 98.47% -27.63%
LONG-TERM LIABILITIES
Long-Term Debt $522.7M $522.7M $1.118B
YoY Change -53.26% -53.26% -33.0%
Other Long-Term Liabilities $122.7M $250.8M $199.1M
YoY Change 38.2% 25.97% -65.29%
Total Long-Term Liabilities $645.5M $773.5M $1.317B
YoY Change -46.53% -41.29% -41.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.374B $1.374B $692.1M
Total Long-Term Liabilities $645.5M $773.5M $1.317B
Total Liabilities $2.372B $2.372B $2.389B
YoY Change -0.7% -0.7% -32.87%
SHAREHOLDERS EQUITY
Retained Earnings $11.39M
YoY Change -94.63%
Common Stock $2.410B
YoY Change 1.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.416B $2.416B $2.584B
YoY Change
Total Liabilities & Shareholders Equity $4.788B $4.788B $4.973B
YoY Change -3.72% -3.72% -9.94%

Cashflow Statement

Concept 2024 Q2 2024 2023
OPERATING ACTIVITIES
Net Income -$46.59M -$200.6M $502.8M
YoY Change -108.68% -139.91% -358.63%
Depreciation, Depletion And Amortization $82.34M $256.5M $103.4M
YoY Change 482.26% 148.12% -17.05%
Cash From Operating Activities -$72.44M -$19.66M $153.6M
YoY Change -559.43% -112.8% 8.67%
INVESTING ACTIVITIES
Capital Expenditures $14.76M $264.7M $1.059B
YoY Change -94.99% -75.0% 39.94%
Acquisitions $9.424M $0.00
YoY Change
Other Investing Activities -$10.18M $1.776M $405.1M
YoY Change -102.18% -99.56% -38312.74%
Cash From Investing Activities -$24.94M -$45.18M -$653.9M
YoY Change -114.54% -93.09% -18.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.28M $209.7M $85.54M
YoY Change -79.75% 145.18% -381.46%
NET CHANGE
Cash From Operating Activities -72.44M -$19.66M $153.6M
Cash From Investing Activities -24.94M -$45.18M -$653.9M
Cash From Financing Activities -23.28M $209.7M $85.54M
Net Change In Cash -120.7M $144.1M -$416.9M
YoY Change -266.69% -134.57% -39.93%
FREE CASH FLOW
Cash From Operating Activities -$72.44M -$19.66M $153.6M
Capital Expenditures $14.76M $264.7M $1.059B
Free Cash Flow -$87.20M -$284.4M -$905.4M
YoY Change -68.71% -68.59% 47.13%

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CY2024 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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EarningsPerShareDiluted
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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ComprehensiveIncomeNetOfTax
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2024 us-gaap Amortization Of Financing Costs And Discounts
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3181000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2024 sphr Amortization Of Deferred Production Content
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CY2024 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2024 us-gaap Equity Securities Fv Ni Gain Loss
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CY2023 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2022 us-gaap Equity Securities Fv Ni Gain Loss
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CY2024 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Due From Affiliates Current
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CY2022 us-gaap Increase Decrease In Due From Affiliates Current
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CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50610000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
178758000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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78442000 usd
CY2024 us-gaap Increase Decrease In Deferred Revenue
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IncreaseDecreaseInDeferredRevenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2024 sphr Increase Decrease In Right Of Use Assets And Liabilities
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IncreaseDecreaseInRightOfUseAssetsAndLiabilities
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CY2022 sphr Increase Decrease In Right Of Use Assets And Liabilities
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CY2023 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
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CY2022 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
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CY2023 us-gaap Payments For Proceeds From Productive Assets
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CY2024 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
25053000 usd
CY2023 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
116044000 usd
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2024 us-gaap Payments To Acquire Equity Method Investments
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ProceedsToAcquireEquityMethodInvestments
1060000 usd
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CY2023 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
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CY2022 us-gaap Proceeds From Divestiture Of Businesses
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CY2024 us-gaap Payments For Proceeds From Short Term Investments
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CY2023 us-gaap Payments For Proceeds From Short Term Investments
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CY2024 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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CY2024 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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251634000 usd
CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2024 us-gaap Proceeds From Repayments Of Secured Debt
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CY2022 us-gaap Proceeds From Repayments Of Secured Debt
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CY2024 us-gaap Proceeds From Stock Options Exercised
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8827000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2024 us-gaap Repayments Of Other Long Term Debt
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83848000 usd
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RepaymentsOfOtherLongTermDebt
72875000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
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725000000 usd
CY2024 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2024 us-gaap Payments For Derivative Instrument Financing Activities
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CY2023 us-gaap Payments For Derivative Instrument Financing Activities
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CY2022 us-gaap Payments For Derivative Instrument Financing Activities
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CY2024 us-gaap Payments Of Financing Costs
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CY2023 us-gaap Payments Of Financing Costs
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CY2022 us-gaap Payments Of Financing Costs
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CY2024 us-gaap Proceeds From Issuance Of Secured Debt
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CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
725000000 usd
CY2024 us-gaap Proceeds From Contributed Capital
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CY2023 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
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CY2022 us-gaap Proceeds From Contributed Capital
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CY2024 us-gaap Payments Of Distributions To Affiliates
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CY2023 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
119119000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
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CY2024 sphr Payment To Related Parties For Share Based Award Settlement
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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
CY2024 us-gaap Repayments Of Long Term Lines Of Credit
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CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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CY2024 us-gaap Proceeds From Payments To Minority Shareholders
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CY2023 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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ProceedsFromPaymentsToMinorityShareholders
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CY2024 us-gaap Proceeds From Lines Of Credit
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CY2023 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Proceeds From Lines Of Credit
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CY2024 us-gaap Payments Of Debt Extinguishment Costs
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CY2023 us-gaap Payments Of Debt Extinguishment Costs
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CY2022 us-gaap Payments Of Debt Extinguishment Costs
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CY2024 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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144119000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1539976000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
573233000 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
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
49834000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
248041000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2024 sphr Non Cash Repayment Of Secured Debt
NonCashRepaymentOfSecuredDebt
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CY2023 sphr Non Cash Repayment Of Secured Debt
NonCashRepaymentOfSecuredDebt
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CY2022 sphr Non Cash Repayment Of Secured Debt
NonCashRepaymentOfSecuredDebt
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CY2024 sphr Non Cash Loan Forgiveness
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CY2023 sphr Non Cash Loan Forgiveness
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CY2022 sphr Non Cash Loan Forgiveness
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CY2024 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3642000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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2979000 usd
CY2024 sphr Investments And Loans To Related Parties
InvestmentsAndLoansToRelatedParties
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CY2023 sphr Investments And Loans To Related Parties
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CY2022 sphr Investments And Loans To Related Parties
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CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2024 sphr Equity Securities Fvni Shares Disposed
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CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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7739000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 sphr Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest
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CY2022 sphr Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interests
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022 sphr Stockholders Equity Transferof Assetsand Liabilities
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CY2022 sphr Adjustment Of Redeemable Noncontrolling Interest To Redemption Value
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CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022 sphr Decrease From Distributions To Redeemable Noncontrolling Interest Holders
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4640000 usd
CY2022 sphr Put Option Payments
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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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
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CY2023 us-gaap Temporary Equity Stock Issued During Period Value New Issues
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CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023 sphr Distribution To Related Parties Associated With The Settlement Of Certain Share Based Compensation
DistributionToRelatedPartiesAssociatedWithTheSettlementOfCertainShareBasedCompensation
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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
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CY2023 us-gaap Gain Loss On Sale Of Business
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CY2023 sphr Redeemable Noncontrolling Interests Gain Loss On Disposition Of Business
RedeemableNoncontrollingInterestsGainLossOnDispositionOfBusiness
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CY2023 sphr Adjustments To Additional Paid In Capital Distributions To Affiliates
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2583865000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2583865000 usd
CY2024 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024 sphr Comprehensive Income Loss Net Of Tax Including Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToRedeemableNoncontrollingInterest
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CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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50203000 usd
CY2024 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2024 sphr Adjustments To Additional Paid In Capital Purchase Of Capped Calls
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCalls
14309000 usd
CY2024 sphr Adjustments To Additional Paid In Capital Distributions To Affiliates
AdjustmentsToAdditionalPaidInCapitalDistributionsToAffiliates
5787000 usd
CY2024 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2415552000 usd
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CY2024 sphr Number Of Networks
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20000 guest
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100 ft
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CY2023 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
218000 usd
CY2022 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
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CY2024Q2 us-gaap Property Plant And Equipment Gross
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CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3394989000 usd
CY2024 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>
CY2024 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 consolidated 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, valuation of investments, goodwill, intangible assets, deferred production content costs, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, ultimate revenue (as described below), 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. 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 financial statements in future periods.</span></div>
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CY2023Q2 sphr Production Content
ProductionContent
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25295000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
16977000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
22880000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
333009000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
87828000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
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3158420000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3307161000 usd
CY2023Q3 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
3130028000 usd
CY2024 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
252706000 usd
CY2023 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
27601000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
171000 usd
CY2024 sphr Equity Method Investments Recognition Of Proportionate Share Of Income Lag Period
EquityMethodInvestmentsRecognitionOfProportionateShareOfIncomeLagPeriod
P3M
CY2024 us-gaap Concentration Risk Credit Risk
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Concentrations of Risk<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%">Financial 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.</span></div>
CY2024Q2 sphr Customer Advances Ticket Sales
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CY2024Q2 us-gaap Long Term Debt
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23984000 usd
CY2023 sphr Disposal Group Including Discontinued Operation Gain Loss Net On Disposition
DisposalGroupIncludingDiscontinuedOperationGainLossNetOnDisposition
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CY2023 sphr Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationTax
1020000 usd
CY2023 sphr Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationTax
1020000 usd
CY2023 sphr Disposal Group Including Discontinued Operation Gain Loss Net On Disposition
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024 us-gaap Sublease Income
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CY2024 us-gaap Revenues
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Sublease Income
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2610000 usd
CY2023 us-gaap Revenues
Revenues
573831000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Sublease Income
SubleaseIncome
1900000 usd
CY2022 us-gaap Revenues
Revenues
610055000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1023861000 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
3028000 usd
CY2024 us-gaap Revenues
Revenues
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CY2023 us-gaap Sublease Income
SubleaseIncome
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CY2023 us-gaap Revenues
Revenues
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CY2022 us-gaap Sublease Income
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CY2022 us-gaap Revenues
Revenues
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CY2024 us-gaap Contract With Customer Liability Revenue Recognized
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21946000 usd
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P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
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56548000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
37016000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16244000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4696000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
683000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
115187000 usd
CY2024 us-gaap Restructuring Charges
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CY2024 us-gaap Allocated Share Based Compensation Expense
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1166000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
27924000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Restructuring Charges
RestructuringCharges
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2023Q2 us-gaap Restructuring Reserve
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CY2024 sphr Restructuring Charges Excluding Share Based Compensation Expense
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CY2024 us-gaap Payments For Restructuring
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CY2024Q2 us-gaap Restructuring Reserve
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CY2024 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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172027000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2024 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
23984000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2024 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
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CY2023 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
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CY2022 sphr Stockholders Equity Transferof Assetsand Liabilities
StockholdersEquityTransferofAssetsandLiabilities
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CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
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23984000 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
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CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34651000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 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
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35301000 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
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 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
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0 shares
CY2024 us-gaap Income Loss From Continuing Operations Per Basic Share
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-6.36
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.96
CY2022 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
16794000 usd
CY2023Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
116541000 usd
CY2024Q2 sphr Produced Content Costs Released Net
ProducedContentCostsReleasedNet
61005000 usd
CY2023Q2 sphr Produced Content Costs Released Net
ProducedContentCostsReleasedNet
0 usd
CY2024Q2 sphr Produced Content Costs In Process
ProducedContentCostsInProcess
32076000 usd
CY2023Q2 sphr Produced Content Costs In Process
ProducedContentCostsInProcess
61421000 usd
CY2024Q2 sphr Production Content
ProductionContent
93081000 usd
CY2023Q2 sphr Production Content
ProductionContent
61421000 usd
CY2024 sphr Amortization Of Produced Content Costs
AmortizationOfProducedContentCosts
20427000 usd
CY2023 sphr Amortization Of Produced Content Costs
AmortizationOfProducedContentCosts
0 usd
CY2022 sphr Amortization Of Produced Content Costs
AmortizationOfProducedContentCosts
0 usd
CY2024 sphr Deferred Immersive Production Content Amortization Year One
DeferredImmersiveProductionContentAmortizationYearOne
15925000 usd
CY2024 sphr Deferred Immersive Production Content Amortization Year Two
DeferredImmersiveProductionContentAmortizationYearTwo
7931000 usd
CY2024 sphr Deferred Immersive Production Content Amortization Year Three
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7095000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
106468000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
84912000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18548000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10127000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
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128022000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110259000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
146570000 usd
CY2023Q2 us-gaap Operating Lease Liability
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CY2024 us-gaap Lease Cost
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20301000 usd
CY2023 us-gaap Lease Cost
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17602000 usd
CY2022 us-gaap Lease Cost
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CY2024 sphr Lessee Ground Lease Termof Objectives After Tax Cash Flowin Excessof Objective Percent
LesseeGroundLeaseTermofObjectivesAfterTaxCashFlowinExcessofObjectivePercent
0.25
CY2024Q2 sphr Lessee Ground Lease Funding
LesseeGroundLeaseFunding
75000000 usd
CY2024 sphr Lessee Ground Lease Termof Contract
LesseeGroundLeaseTermofContract
P50Y
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
19000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
12332000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
14400000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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33900000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Payments For Proceeds From Tenant Allowance
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CY2023 us-gaap Payments For Proceeds From Tenant Allowance
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19555000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19438000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15866000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16020000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
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206066000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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59496000 usd
CY2024Q2 us-gaap Operating Lease Liability
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146570000 usd
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P11Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P12Y1M6D
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CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2024 us-gaap Sublease Income
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3028000 usd
CY2023 us-gaap Sublease Income
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2610000 usd
CY2022 us-gaap Sublease Income
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1900000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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2813000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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2084000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
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4897000 usd
CY2022Q2 us-gaap Goodwill
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456807000 usd
CY2023 us-gaap Goodwill Period Increase Decrease
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0 usd
CY2023Q2 us-gaap Goodwill
Goodwill
456807000 usd
CY2024 us-gaap Goodwill Period Increase Decrease
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13345000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
470152000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
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0 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
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0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
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100862000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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68922000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
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31940000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
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83044000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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65134000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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17910000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3788000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3115000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5768000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6813000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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258750000 usd
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ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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IncomeTaxReconciliationOtherAdjustments
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CY2024Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-27308000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-113998000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
359636000 usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2260000 usd
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
97865000 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
55443000 usd
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
178085000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-44043000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
70557000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-58555000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
537721000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-44757000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
67584000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-56847000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
536792000 usd

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