XML 31 R9.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Thousands
Total
Total Sphere Entertainment Co. Stockholders’ Equity
Common Stock Issued
Additional Paid-In Capital
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Loss
Nonredeemable Noncontrolling Interests
Beginning balance at Jun. 30, 2021 $ 2,180,406 $ 2,168,502 $ 340 $ 2,294,775 $ (96,341) $ (30,272) $ 11,904
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (197,886) (194,395)     (194,395)   (3,491)
Other comprehensive income (loss) (18,083) (18,083)       (18,083)  
Comprehensive income (loss) (215,969) (212,478)         (3,491)
Share-based compensation 77,772 77,772   77,772      
Tax withholding associated with shares issued for share-based compensation (16,658) (16,658) 2 (16,660)      
Redeemable noncontrolling interest adjustment to redemption fair value (49,248) (49,248)   (49,248)      
Adjustment of redeemable noncontrolling interest to redemption value (3,173) (3,173)   (3,173)      
Distribution to related parties associated with the settlement of certain share-based awards (1,496) (1,496)   (1,496)      
Contribution from noncontrolling interest holders 6,400           6,400
Distributions to noncontrolling interest holders (2,650)           (2,650)
Ending balance at Jun. 30, 2022 1,975,384 1,963,221 342 2,301,970 (290,736) (48,355) 12,163
Beginning balance at Jun. 30, 2021 137,834            
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]              
Net (loss) income 7,739            
Comprehensive (loss) income 7,739            
Accretion of put options 2,348            
Redeemable noncontrolling interest adjustment to redemption fair value 50,636            
Adjustment of redeemable noncontrolling interest to redemption value (8,070)            
Purchase of capped call related to 3.50% Convertible Senior Notes due 2028 (760)            
Distributions to noncontrolling interest holders (4,640)            
Put Option payments (895)            
Ending balance at Jun. 30, 2022 184,192            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 501,755 502,772     502,772   (1,017)
Other comprehensive income (loss) 6,876 6,876       6,876  
Comprehensive income (loss) 508,631 509,648         (1,017)
Share-based compensation 64,406 64,406   64,406      
Accretion of put options (895) (895)   (895)      
Tax withholding associated with shares issued for share-based compensation (16,620) (16,620) 5 (16,625)      
Redeemable noncontrolling interest adjustment to redemption fair value 126,375 126,375   126,375      
Adjustment of redeemable noncontrolling interest to redemption value 0            
Distribution to related parties associated with the settlement of certain share-based awards (1,736) (1,736)   (1,736)      
Contribution from noncontrolling interest holders 3,000           3,000
Distributions to noncontrolling interest holders (1,881)           (1,881)
Disposition of TAO (4,582) 7,683   4,859   2,824 (12,265)
Distribution of MSG Entertainment (68,217) (68,217)   (101,934)   33,717  
Ending balance at Jun. 30, 2023 2,583,865 $ 2,583,865 347 2,376,420 212,036 (4,938) $ 0
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]              
Net (loss) income 3,925            
Comprehensive (loss) income 3,925            
Accretion of put options 2,786            
Redeemable noncontrolling interest adjustment to redemption fair value (126,375)            
Purchase of capped call related to 3.50% Convertible Senior Notes due 2028 (652)            
Distributions to noncontrolling interest holders (3,141)            
Disposition of TAO (60,735)            
Ending balance at Jun. 30, 2023 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (200,649)       (200,649)    
Other comprehensive income (loss) (1,629)         (1,629)  
Comprehensive income (loss) (202,278)         (1,629)  
Share-based compensation 50,203     50,203      
Tax withholding associated with shares issued for share-based compensation (16,543)   6 (16,549)      
Purchase of capped call related to 3.50% Convertible Senior Notes due 2028 (14,309)     (14,309)      
Adjustment of redeemable noncontrolling interest to redemption value 0            
Exercise of stock options 8,827   1 8,826      
Distribution of MSG Entertainment 5,787     5,787      
Ending balance at Jun. 30, 2024 $ 2,415,552   $ 354 $ 2,410,378 $ 11,387 $ (6,567)