Sphere Historical Income Statement
| SPHR Stock | 40.22 0.82 2.00% |
Historical analysis of Sphere Entertainment income statement accounts such as Cost Of Revenue of 428.8 M, Total Operating Expenses of 508.9 M, Interest Expense of 44.1 M or Selling General Administrative of 357.3 M can show how well Sphere Entertainment Co performed in making a profits. Evaluating Sphere Entertainment income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sphere Entertainment's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sphere Entertainment latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sphere Entertainment is a good buy for the upcoming year.
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About Sphere Income Statement Analysis
Sphere Entertainment Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sphere Entertainment shareholders. The income statement also shows Sphere investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Sphere Entertainment Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Sphere Entertainment generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sphere Entertainment Co minus its cost of goods sold. It is profit before Sphere Entertainment operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sphere Entertainment. It is also known as Sphere Entertainment overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Sphere Entertainment income statement and represents the costs associated with goods and services Sphere Entertainment provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Sphere Entertainment's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sphere Entertainment current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, Sphere Entertainment's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Interest Income is likely to grow to about 27 M, while Total Revenue is likely to drop slightly above 725.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 610.1M | 573.8M | 1.0B | 725.2M | Depreciation And Amortization | 151.3M | 130.2M | 256.5M | 145.1M |
Sphere Entertainment income statement Correlations
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Sphere Entertainment Account Relationship Matchups
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High Negative Relationship
Sphere Entertainment income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 104.9M | 122.0M | 151.3M | 130.2M | 256.5M | 145.1M | |
| Total Revenue | 1.4B | 647.5M | 610.1M | 573.8M | 1.0B | 725.2M | |
| Gross Profit | 645.5M | 384.7M | 289.8M | 231.6M | 479.1M | 407.5M | |
| Other Operating Expenses | 1.3B | 574.9M | 762.6M | 825.1M | 1.4B | 798.9M | |
| Operating Income | 235.2M | 64.5M | (165.7M) | (273.0M) | (341.2M) | (324.2M) | |
| Ebit | 122.4M | 71.7M | (167.7M) | 275.4M | (259.9M) | (246.9M) | |
| Ebitda | 227.3M | 193.7M | (16.4M) | 405.6M | (3.4M) | (3.3M) | |
| Cost Of Revenue | 790.5M | 262.9M | 320.3M | 342.2M | 547.8M | 428.8M | |
| Total Operating Expenses | 545.3M | 312.1M | 442.4M | 482.9M | 820.3M | 508.9M | |
| Income Before Tax | 251.5M | 43.5M | (167.7M) | 275.4M | (360.2M) | (342.2M) | |
| Total Other Income Expense Net | 168.4M | (21.0M) | (1.9M) | 548.5M | (19.0M) | (18.0M) | |
| Net Income | 181.7M | (148.2M) | (194.4M) | 502.8M | (200.6M) | (190.6M) | |
| Income Tax Expense | 101.7M | 38.9M | (29.8M) | 103.4M | (135.6M) | (128.8M) | |
| Interest Expense | 36.6M | 20.2M | 48.5M | 116.0M | 79.9M | 44.1M | |
| Selling General Administrative | 402.2M | 270.9M | 396.9M | 435.2M | 355.5M | 357.3M | |
| Selling And Marketing Expenses | 31.0M | 24.5M | 22.9M | 17.0M | 25.3M | 22.6M | |
| Tax Provision | 5.0M | (9.4M) | (25.8M) | 103.4M | (135.6M) | (128.8M) | |
| Net Interest Income | 15.7M | (33.8M) | (22.9M) | 11.6M | (54.2M) | (51.5M) | |
| Interest Income | 18.0M | 1.3M | 4.2M | 11.6M | 25.7M | 27.0M | |
| Net Income From Continuing Ops | (14.7M) | (430.5M) | (190.1M) | 172.0M | (224.6M) | (213.4M) | |
| Reconciled Depreciation | 104.9M | 114.7M | 124.6M | 30.7M | 256.5M | 135.8M |
Pair Trading with Sphere Entertainment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Sphere Stock
The ability to find closely correlated positions to Sphere Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere Entertainment Co to buy it.
The correlation of Sphere Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sphere Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sphere Stock Analysis
When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.