WWE · World Wrestling Entertainment, LLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.10B | $974.21M | $960.44M | $729.22M | $800.96M |
| Cost of Revenue | - | - | - | - | - | $458.98M |
| Gross Profit | - | - | - | - | - | $341.98M |
| R&D | - | - | - | - | - | - |
| SG&A | $161.45M | $117.84M | $102.18M | $86.89M | $64.75M | $240.35M |
| Total Operating Expenses | $730.62M | $608.17M | $549.48M | $538.52M | $503.67M | - |
| D&A | $37.29M | $40.90M | $48.53M | $39.55M | $31.77M | $32.03M |
| Operating Income | $283.23M | $259.02M | $208.54M | $116.51M | $114.48M | $75.58M |
| Interest Expense | $21.16M | $33.61M | $35.60M | $26.12M | $15.40M | $14.74M |
| Income Tax | $68.79M | $52.45M | $39.34M | $17.62M | $6.45M | $31.42M |
| Net Income | $195.59M | $180.41M | $131.77M | $77.06M | $99.59M | $32.64M |
| EPS - Basic | $2.63 | $2.36 | $1.70 | $0.99 | $1.28 | $0.44 |
| EPS - Diluted | $2.29 | $2.12 | $1.56 | $0.85 | $1.12 | $0.44 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $220.23M | $134.83M | $462.10M | $90.45M | $167.46M | $137.70M |
| Accounts Receivable | $112.36M | $171.20M | $52.01M | $124.77M | $78.92M | $65.25M |
| Inventory | $2.92M | $8.03M | $8.39M | $8.25M | $7.75M | $8.33M |
| Accounts Payable | $9.82M | $11.15M | $7.27M | $9.28M | $12.20M | $12.73M |
| Current Assets | $627.15M | $627.26M | $726.85M | $404.31M | $474.01M | $390.98M |
| Total Assets | $1.36B | $1.20B | $1.30B | $992.23M | $700.30M | $614.51M |
| Current Liabilities | $432.44M | $413.62M | $496.27M | $344.34M | $357.54M | $138.19M |
| Long-term Debt | $20.85M | $21.28M | $21.70M | $22.10M | $25.70M | $30.96M |
| Total Liabilities | $838.32M | $822.81M | $908.53M | $716.91M | $384.06M | $361.55M |
| Stockholders' Equity | $517.25M | $381.26M | $388.79M | $275.33M | $316.24M | $252.96M |
| Retained Earnings | $92.33M | ($31.79M) | ($39.73M) | ($133.66M) | ($101.33M) | ($172.39M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $325.63M | $178.60M | $319.87M | $121.69M | $62.16M | $96.59M |
| Investing Cash Flow | ($177.93M) | ($188.81M) | $11.88M | ($35.81M) | ($24.09M) | ($133.74M) |
| Financing Cash Flow | ($62.30M) | ($317.06M) | $39.91M | ($162.89M) | $135.88M | ($37.13M) |
| CapEx | $199.89M | $39.23M | $27.66M | $69.09M | $32.27M | $24.71M |
| Free Cash Flow | $125.74M | $139.37M | $292.21M | $52.61M | $29.89M | $71.88M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 42.7% |
| Operating margin | 21.9% | 23.7% | 21.4% | 12.1% | 15.7% | 9.4% |
| EBITDA margin | 24.8% | 27.4% | 26.4% | 16.2% | 20.1% | 13.4% |
| Net margin | 15.1% | 16.5% | 13.5% | 8.0% | 13.7% | 4.1% |
| Free cash flow margin | 9.7% | 12.7% | 30.0% | 5.5% | 4.1% | 9.0% |
| FCF / Net income | 0.64 | 0.77 | 2.22 | 0.68 | 0.30 | 2.20 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 12.5% | 10.8% | 10.5% | 9.0% | 8.9% | 30.0% |
| Effective tax rate | 26.0% | 22.5% | 23.0% | 18.6% | 6.1% | 49.0% |
| Return on assets | 14.4% | 15.0% | 10.2% | 7.8% | 14.2% | 5.3% |
| Return on equity | 37.8% | 47.3% | 33.9% | 28.0% | 31.5% | 12.9% |
| Return on invested capital | 38.9% | 49.9% | 39.1% | 31.9% | 31.4% | 13.6% |
| Liquidity | ||||||
| Current ratio | 1.45 | 1.52 | 1.46 | 1.17 | 1.33 | 2.83 |
| Quick ratio | 1.44 | 1.50 | 1.45 | 1.15 | 1.30 | 2.77 |
| Cash ratio | 0.51 | 0.33 | 0.93 | 0.26 | 0.47 | 1.00 |
| Leverage | ||||||
| Debt / Equity | 0.04 | 0.06 | 0.06 | 0.08 | 0.08 | 0.12 |
| Debt / Assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.05 |
| Debt / EBITDA | 0.07 | 0.07 | 0.08 | 0.14 | 0.18 | 0.29 |
| Interest coverage | 13.4x | 7.7x | 5.9x | 4.5x | 7.4x | 5.1x |
| Equity multiplier | 2.62 | 3.16 | 3.34 | 3.60 | 2.21 | 2.43 |
| Liabilities / Assets | 0.62 | 0.68 | 0.70 | 0.72 | 0.55 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.95 | 0.91 | 0.75 | 0.97 | 1.04 | 1.30 |
| Inventory turnover | - | - | - | - | - | 55.09 |
| Days sales outstanding | 32d | 57d | 19d | 47d | 40d | 30d |
| Days inventory outstanding | - | - | - | - | - | 7d |
| Days payable outstanding | - | - | - | - | - | 10d |
| Cash conversion cycle | - | - | - | - | - | 26d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.9% | 12.4% | 1.4% | 31.7% | -9.0% | 9.8% |
| Revenue CAGR (3y) | 10.4% | 14.5% | 6.7% | 9.6% | 3.4% | 13.9% |
| Revenue CAGR (5y) | 10.0% | 8.5% | 8.1% | 12.1% | 7.5% | 10.6% |
| Gross profit growth (YoY) | - | - | - | - | - | 14.3% |
| Operating income growth (YoY) | 9.3% | 24.2% | 79.0% | 1.8% | 51.5% | 35.8% |
| Net income growth (YoY) | 8.4% | 36.9% | 71.0% | -22.6% | 205.1% | -3.5% |
| EPS growth (YoY) | 8.0% | 35.9% | 83.5% | -24.1% | 154.5% | - |
| EPS CAGR (3y) | 39.1% | 23.7% | 52.5% | - | - | - |
| EPS CAGR (5y) | 39.1% | - | - | - | 94.7% | 0.9% |
| FCF growth (YoY) | -9.8% | -52.3% | 455.5% | 76.0% | -58.4% | 169.0% |
| FCF CAGR (5y) | 11.8% | 39.1% | - | 4.2% | - | 19.8% |
| Book value growth (YoY) | 35.7% | -1.9% | 41.2% | -12.9% | 25.0% | 5.5% |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
2.02
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Motion Picture & Video Tape Production
Comparing WORLD WRESTLING ENTERTAINMENT against the 5 most active filers in the same SIC group.