MSG Knickerbockers (MSGS) FY2021 results: revenue $416 million, down 31.1% on the year
MSG Knickerbockers Corp. (MSGS) reported revenue of $416 million for fiscal 2021, the year ended 30 June 2021, down 31.1% on the year before. Net income was -$14 million, and diluted earnings per share $-0.58. The figures are the company's own, from the 10-K it filed with the SEC on 19 August 2021.
Revenue
$416 million
-31.1% on the year
FY2014FY2021
Operating margin
-18.9%
-15.6% a year earlier
FY2014FY2021
Net income
-$14 million
FY2014FY2021
Diluted EPS
-$0.58
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
416
603
729
-31.1%
Selling, general and administrative
207
320
327
-35.3%
Operating income
-78.4
-93.9
-58.2
Operating margin
-18.9%
-15.6%
-8.0%
Interest expense
10.6
4.5
5.0
+136.7%
Pre-tax income
-89.3
-98.0
-60.6
Income tax
-73.4
20.6
-12.6
Net income
-14.0
-182
11.4
Net margin
-3.4%
-30.2%
1.6%
Diluted EPS
-$0.58
-$7.62
$0.48
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-35.3
3.6
161
Capital expenditure
0.5
362
189
-99.9%
Free cash flow
-35.8
-359
-27.6
Free cash flow margin
-8.6%
-59.5%
-3.8%
Cash from investing
-0.5
-515
-233
Cash from financing
17.2
-521
-71.7
Depreciation and amortisation
5.6
93.4
119
-94.0%
Share-based compensation
30.4
57.0
59.5
-46.6%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
24m
24m
24m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-204
-207
2,620
Non-controlling interest
2.4
3.6
18.3
-31.2%
Redeemable equity
n/a
0.0
67.6
Short-term borrowings
n/a
0.0
n/a
Debt
385
350
0.0
+10.0%
Operating lease liabilities
691
679
n/a
+1.8%
Other liabilities
436
408
1,057
+6.7%
Total liabilities and equity
1,310
1,234
3,764
+6.2%
Fixed assets
35.7
39.6
31.3
-9.8%
Goodwill
227
227
227
0.0%
Intangible assets
1.7
2.8
6.3
-38.5%
Investments
n/a
n/a
108
Cash and equivalents
64.9
77.9
4.3
-16.6%
Receivables
74.2
7.4
15.5
+902.3%
Other assets
906
879
3,371
+3.1%
Total assets
1,310
1,234
3,764
+6.2%
10-K for the year ended 30 June 2021, filed 19 August 2021: the filing.