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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $410.37M | $297.55M | - | $304.64M | $328.13M | $333.45M | - | $255.85M | $265.54M | $263.52M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $58.62M | $43.49M | - | $49.91M | $32.39M | $32.23M | - | $24.94M | $36.33M | $26.56M |
| Total Operating Expenses | $229.15M | $175.58M | - | $166.62M | $196.89M | $180.69M | - | $139.04M | $156.00M | $142.15M |
| D&A | $10.03M | $8.98M | - | $9.24M | $9.45M | $9.71M | - | $10.16M | $10.84M | $10.84M |
| Operating Income | $87.33M | $53.11M | - | $58.86M | $69.33M | $92.41M | - | $63.94M | $46.35M | $65.06M |
| Interest Expense | $4.95M | $4.25M | - | $5.40M | $4.63M | $6.34M | - | $8.51M | $8.49M | $8.51M |
| Income Tax | $28.82M | $14.63M | - | $11.74M | $15.33M | $20.34M | - | $12.28M | $8.53M | $13.27M |
| Net Income | $52.00M | $36.68M | - | $41.62M | $49.10M | $66.04M | - | $43.49M | $29.20M | $43.83M |
| EPS - Basic | $0.67 | $0.49 | - | $0.56 | $0.66 | $0.88 | - | $0.57 | $0.38 | $0.57 |
| EPS - Diluted | $0.67 | $0.43 | - | $0.49 | $0.58 | $0.77 | - | $0.52 | $0.34 | $0.51 |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $317.77M | $197.66M | $220.23M | $181.69M | $110.13M | $105.59M | $134.83M | $271.03M | $322.60M | $300.42M |
| Accounts Receivable | $161.95M | $103.30M | $112.36M | $143.27M | $176.68M | $163.19M | $171.20M | $125.45M | $113.87M | $83.76M |
| Inventory | $2.22M | $3.98M | $2.92M | $2.46M | $4.84M | $9.20M | $8.03M | $7.31M | $7.04M | $8.40M |
| Accounts Payable | $10.33M | $7.08M | $9.82M | $13.39M | $25.29M | $20.69M | $11.15M | $17.31M | $12.30M | $13.51M |
| Current Assets | $743.51M | $639.31M | $627.15M | $657.26M | $678.53M | $650.92M | $627.26M | $610.03M | $621.16M | $614.22M |
| Total Assets | $1.51B | $1.39B | $1.36B | $1.33B | $1.28B | $1.25B | $1.20B | $1.17B | $1.17B | $1.18B |
| Current Liabilities | $196.95M | $395.88M | $432.44M | $448.97M | $425.20M | $425.15M | $413.62M | $387.15M | $396.32M | $406.82M |
| Long-term Debt | $20.62M | $20.73M | $20.85M | $20.96M | $21.07M | $21.17M | $21.28M | $21.39M | $21.49M | $21.59M |
| Total Liabilities | $597.91M | $800.04M | $838.32M | $861.85M | $838.22M | $839.50M | $822.81M | $793.85M | $805.00M | $819.77M |
| Stockholders' Equity | $909.31M | $586.69M | $517.25M | $471.24M | $440.83M | $405.84M | $381.26M | $372.76M | $360.94M | $357.28M |
| Retained Earnings | $162.32M | $120.08M | $92.33M | $62.44M | $29.96M | $17.84M | ($31.79M) | ($45.82M) | ($61.97M) | ($66.42M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $12.58M | - | - | - | $95.45M | - | - | - | $59.91M |
| Investing Cash Flow | - | ($41.40M) | - | - | - | ($85.69M) | - | - | - | ($35.94M) |
| Financing Cash Flow | - | $6.25M | - | - | - | ($39.00M) | - | - | - | ($185.65M) |
| CapEx | - | $33.23M | - | - | - | $21.49M | - | - | - | $6.17M |
| Free Cash Flow | - | ($20.65M) | - | - | - | $73.96M | - | - | - | $53.74M |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 21.3% | 17.8% | - | 19.3% | 21.1% | 27.7% | - | 25.0% | 17.5% | 24.7% |
| EBITDA margin | 23.7% | 20.9% | - | 22.4% | 24.0% | 30.6% | - | 29.0% | 21.5% | 28.8% |
| Net margin | 12.7% | 12.3% | - | 13.7% | 15.0% | 19.8% | - | 17.0% | 11.0% | 16.6% |
| Free cash flow margin | - | -6.9% | - | - | - | 22.2% | - | - | - | 20.4% |
| FCF / Net income | - | -0.56 | - | - | - | 1.12 | - | - | - | 1.23 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 14.3% | 14.6% | - | 16.4% | 9.9% | 9.7% | - | 9.7% | 13.7% | 10.1% |
| Effective tax rate | 35.7% | 28.5% | - | 22.0% | 23.8% | 23.6% | - | 22.0% | 22.6% | 23.2% |
| Return on assets | 3.5% | 2.6% | - | 3.1% | 3.8% | 5.3% | - | 3.7% | 2.5% | 3.7% |
| Return on equity | 5.7% | 6.3% | - | 8.8% | 11.1% | 16.3% | - | 11.7% | 8.1% | 12.3% |
| Return on invested capital | 6.0% | 6.3% | - | 9.3% | 11.4% | 16.5% | - | 12.6% | 9.4% | 13.2% |
| Liquidity | ||||||||||
| Current ratio | 3.78 | 1.61 | 1.45 | 1.46 | 1.60 | 1.53 | 1.52 | 1.58 | 1.57 | 1.51 |
| Quick ratio | 3.76 | 1.60 | 1.44 | 1.46 | 1.58 | 1.51 | 1.50 | 1.56 | 1.55 | 1.49 |
| Cash ratio | 1.61 | 0.50 | 0.51 | 0.40 | 0.26 | 0.25 | 0.33 | 0.70 | 0.81 | 0.74 |
| Leverage | ||||||||||
| Debt / Equity | 0.02 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / Assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | 0.21 | 0.33 | - | 0.31 | 0.27 | 0.21 | - | 0.29 | 0.38 | 0.28 |
| Interest coverage | 17.7x | 12.5x | - | 10.9x | 15.0x | 14.6x | - | 7.5x | 5.5x | 7.6x |
| Equity multiplier | 1.66 | 2.36 | 2.62 | 2.83 | 2.90 | 3.07 | 3.16 | 3.13 | 3.23 | 3.29 |
| Liabilities / Assets | 0.40 | 0.58 | 0.62 | 0.65 | 0.66 | 0.67 | 0.68 | 0.68 | 0.69 | 0.70 |
| Efficiency | ||||||||||
| Asset turnover | 0.27 | 0.21 | - | 0.23 | 0.26 | 0.27 | - | 0.22 | 0.23 | 0.22 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 144d | 127d | - | 172d | 197d | 179d | - | 179d | 157d | 116d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 25.1% | -10.8% | - | 19.1% | 23.6% | 26.5% | - | 15.5% | 18.9% | -9.4% |
| Revenue CAGR (3y) | 22.5% | 0.7% | - | 17.8% | 6.9% | 22.3% | - | 10.7% | -1.9% | 12.0% |
| Revenue CAGR (5y) | 7.8% | 9.7% | - | 10.3% | 8.9% | 12.1% | - | 9.3% | 5.9% | 9.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 26.0% | -42.5% | - | -7.9% | 49.6% | 42.0% | - | 0.9% | -16.9% | 22.1% |
| Net income growth (YoY) | 5.9% | -44.5% | - | -4.3% | 68.1% | 50.7% | - | -9.9% | -33.3% | 67.5% |
| EPS growth (YoY) | 15.5% | -44.2% | - | -5.8% | 70.6% | 51.0% | - | -8.8% | -34.6% | 64.5% |
| EPS CAGR (3y) | 8.8% | 11.5% | - | 101.4% | 74.1% | - | - | 12.0% | 45.7% | 41.5% |
| EPS CAGR (5y) | 43.5% | 19.0% | - | 11.8% | 57.4% | - | - | 30.0% | - | - |
| FCF growth (YoY) | - | - | - | - | - | 37.6% | - | - | - | -6.7% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 106.3% | 44.6% | 35.7% | 26.4% | 22.1% | 13.6% | -1.9% | -2.5% | 4.5% | 18.3% |
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.