SPHERE ENTERTAINMENT CO.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $33.4M | $-200.6M | $502.8M | $-194.4M | $-148.2M | $181.7M | $-8.2M | $6.9M |
| Depreciation & Amortization | $336.4M | $256.5M | $103.4M | $124.6M | $122.0M | $112.1M | $109.3M | $112.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $6.6M | $3.8M | $3.1M | $5.8M | $3.5M | $17.2M | $13.4M | $13.9M |
| Stock-Based Compensation | $59.0M | $48.0M | $62.7M | $77.1M | $70.6M | $61.4M | $35.4M | $27.3M |
| Net Cash from Operating Activities | $243.3M | $-19.7M | $153.6M | $141.3M | $-58.7M | $308.1M | $101.4M | $144.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | $756.7M | $456.0M | $455.2M | $184.0M | $187.4M |
| Business Acquisitions | $0 | $9.4M | $0 | $0 | — | $0 | — | $6.1M |
| Net Cash from Investing Activities | $-3.9M | $-45.2M | $-653.9M | $-804.2M | $-123.2M | $-394.5M | $-237.7M | $-169.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $50.0M | $0 | $0 | $0 | $0 | $293.5M | — | — |
| Net Cash from Financing Activities | $-233.3M | $209.7M | $85.5M | $-30.4M | $592.7M | $-113.9M | $-8.6M | $15.4M |
| Net Change in Cash | $5.6M | $144.1M | $-416.9M | $-694.0M | $418.8M | $-197.3M | $-140.3M | $-9.6M |
| Free Cash Flow | — | — | — | $-615.4M | $-514.7M | $-147.1M | $-82.6M | $-43.0M |