Filing Flows

Filing Flows › Companies › Madison Square Garden Entertainment › Cash flow

Madison Square Garden Entertainment cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$26.2M in Q1 FY27 · $305M over twelve months

Operating cash flow−$26.2M
Free cash flow−$26.2M
Cash / net income-2.9×

Analysis

In Q1 FY27, Madison Square Garden Entertainment generated −$26.2M of operating cash flow. That is $46.0M less than in Q1 FY26 ($19.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $305M; the largest uses were other financing ($49.8M), other investing ($36.1M), taxes on employees’ shares ($30.8M); the cash balance rose by $164M.

Operating cash flow was −$26.2M against net income of $8.9M — -2.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: accrued liabilities −$128M, payables +$41.4M, deferred revenue +$26.2M.

Free cash flow

Madison Square Garden Entertainment: free cash flow by quarterMadison Square Garden Entertainment: free cash flow by quarter$113MQ2 FY25$56.8MQ3 FY25−$27.0MQ4 FY25$19.8MQ1 FY26$164MQ2 FY26$184MQ3 FY26−$16.6MQ4 FY26−$26.2MQ1 FY27
Operating cash flow less capital spending.
Madison Square Garden Entertainment: operating cash flow against capital spendingMadison Square Garden Entertainment: operating cash flow against capital spendingOperating cash flowCapital spending$113M$0Q2 FY25$56.8M$0Q3 FY25−$27.0M$0Q4 FY25$19.8M$0Q1 FY26$164M$0Q2 FY26$184M$0Q3 FY26−$16.6M$0Q4 FY26−$26.2M$0Q1 FY27
Latest (Q1 FY27): Operating cash flow −$26.2M, Capital spending $0.

Capital allocation, year by year

Madison Square Garden Entertainment: where the cash came from (up) and went (down), by fiscal yearMadison Square Garden Entertainment: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesBuybacksFY22: Operating cash flow $95.4MFY22: Net borrowing $679M$774MFY22FY23: Operating cash flow $136MFY23: Net borrowing $304KFY23: Asset sales $27.9MFY23: Buybacks −$25.0M$164MFY23FY24: Operating cash flow $111MFY24: Net borrowing $73.0MFY24: Buybacks −$50.9M$184MFY24FY25: Operating cash flow $115MFY25: Net borrowing $664MFY25: Buybacks −$39.7M$780MFY25FY26: Operating cash flow $351MFY26: Net borrowing $35.0MFY26: Shares issued $381KFY26: Buybacks −$25.0M$387MFY26
Over these 5 years operating cash flow totalled $809M; the largest uses were buybacks ($141M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$194M
Debt$533M
Net debt$340M
Due within a year$30.5M
Cash runway22 months

Madison Square Garden Entertainment is burning cash: its operations consume cash, a free cash flow of −$105M a year at the current rate against $194M of cash and investments: a runway of about 22 months; $30.5M of debt also comes due within a year, which the cash covers before any new financing.

Where the cash came from and went

Madison Square Garden Entertainment: sources (+) and uses (−) of cash, Q1 FY27Madison Square Garden Entertainment: sources (+) and uses (−) of cash, Q1 FY27Cash drawn (+) / kept (−)$99.9MTaxes on employees’ shares−$28.3MOperating cash flow−$26.2MBuybacks−$25.0MOther investing−$13.2MNet borrowing (+) / repaid (−)−$7.6MOther financing$364K
Madison Square Garden Entertainment: sources (+) and uses (−) of cash, TTM to Q1 FY27Madison Square Garden Entertainment: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$305MCash drawn (+) / kept (−)−$164MOther financing−$49.8MOther investing−$36.1MTaxes on employees’ shares−$30.8MBuybacks−$25.0M

From profit to cash

Madison Square Garden Entertainment: net income to operating cash flow, Q1 FY27Madison Square Garden Entertainment: net income to operating cash flow, Q1 FY27Net income$8.9MDepreciation & amortization$13.8MStock-based pay$9.6MDeferred taxes−$6.6MOther non-cash$1.2MReceivables−$702KPayables$41.4MAccrued liabilities−$128MDeferred revenue$26.2MPrepaid and other assets−$22.1MOperating cash flow−$26.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27−$26.2M−$25.0M−$7.6M$99.9M−$26.2M
Q4 FY26−$16.6M——$29.5M−$16.6M
Q3 FY26$184M—−$7.6M−$166M$184M
Q2 FY26$164M—−$27.6M−$127M$164M
Q1 FY26$19.8M−$25.0M$12.4M$13.1M$19.8M
Q4 FY25−$27.0M——$45.9M−$27.0M
Q3 FY25$56.8M−$14.7M−$4.1M−$34.3M$56.8M
Q2 FY25$113M−$25.0M−$59.1M−$17.6M$113M

Madison Square Garden Entertainment: income statement and cash flow

Madison Square Garden Entertainment, Q1 FY27: revenue $217M (+37% year over year), operating margin 4.5%. The chart follows the revenue to costs, profit and cash.

Madison Square Garden Entertainment: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.