{
  "url": "https://struct.news/briefs/msg-entertainments-cash-surge-came-mostly-from-working-capital",
  "title": "MSG Entertainment's cash surge came mostly from working capital",
  "summary": "Operating cash flow jumped to $351.4 million, with $224.7 million of the increase coming from working capital.",
  "published_at": "2026-08-12T20:46:17.674872+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Madison Square Garden Entertainment Corp.",
    "ticker": "MSGE",
    "cik": "1628280",
    "sector": "Communication Services",
    "industry": "Entertainment"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-12",
    "accession": "0001628280-26-056286",
    "url": "https://www.sec.gov/Archives/edgar/data/1952073/000162828026056286/msge-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-13",
    "url": "https://www.sec.gov/Archives/edgar/data/1952073/000195207325000037/msge-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 862800000,
      "display": "$862.8M",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056286",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -2.6173011177339722,
      "display": "-2.6%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056286",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 14.150672229949004,
      "display": "+14.2%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056286",
        "filing_date": "2026-08-12"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Operating cash flow rose sharply, with most of the increase attributed to changes in working capital.",
      "importance": "medium",
      "evidence": "primarily due to an increase in cash flows from changes in working capital of $224,675 and an increase in net income adjusted for non-cash items of $11,463.",
      "source_date": "2026-08-12"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense declined as the company reported lower average rates and lower average borrowings under the National Properties Facilities.",
      "importance": "medium",
      "evidence": "primarily due to lower average interest rates and lower average borrowings under the National Properties Facilities",
      "source_date": "2026-08-12"
    },
    {
      "type": "capital_investment",
      "statement": "Investing cash use increased because capital expenditures rose in the latest annual period.",
      "importance": "medium",
      "evidence": "Investing Activities Net cash used in investing activities for Fiscal Year 2026 increased $6,093 as compared to Fiscal Year 2025 due to an increase in capital expenditures.",
      "source_date": "2026-08-12"
    },
    {
      "type": "working_capital",
      "statement": "Accounts receivable increased faster than revenue in the latest annual period, making collections a specific cash-flow comparison.",
      "importance": "medium",
      "evidence": "accounts receivable: $66.8M -> $88.0M (+31.8%).",
      "source_date": "2026-08-12"
    }
  ],
  "related_tickers": [
    "MSGE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}