Atlanta Braves Holdings, Inc. BATRA
Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings," "the Company," "us," "we," or "our") is primarily comprised of Braves Holdings, LLC ("Braves Holdings"), a wholly-owned subsidiary, and corporate cash.
On July 18, 2023, Liberty Media Corporation ("Liberty" or "Liberty Media"), the then current parent organization of the Company, completed the previously announced redemption of each outstanding share of its Liberty Braves common stock in exchange for one share of the corresponding series of common stock of a newly formed entity, Atlanta Braves Holdings (the "Split-Off"). The Split-Off was intended to be tax-free to holders of Liberty Braves common stock and in September 2024, the Internal Revenue Service completed its review of the Split-Off and notified Liberty that it agreed with the non-taxable characterization of the transaction.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $732.5M | $662.7M | $640.7M | $588.6M | — |
| SG&A | $128.9M | $125.7M | $124.9M | $105.5M | — |
| Total operating expenses | $746.0M | $702.4M | $687.1M | $619.1M | — |
| Operating income | -$13.5M | -$39.7M | -$46.4M | -$30.6M | — |
| Interest expense | $46.4M | $38.8M | $37.7M | $29.6M | — |
| Pre-tax income | -$24.1M | -$35.9M | -$129.2M | -$31.5M | — |
| Income tax | $831.0K | $4.7M | $3.9M | $2.7M | — |
| Net income | -$23.4M | -$31.3M | -$125.3M | -$34.2M | — |
| EPS, basic | -0.37 | -0.50 | -2.03 | -0.55 | — |
| EPS, diluted | -0.37 | -0.50 | -2.03 | -0.55 | — |
| Shares, diluted (wtd. avg.) | $63.6M | $62.9M | $62.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $99.9M | $110.1M | $125.1M | $172.8M | $244.1M |
| Receivables | $33.5M | $27.6M | $27.8M | $24.0M | — |
| Total current assets | $158.7M | $179.1M | $218.0M | $267.4M | — |
| Property, plant and equipment | $868.9M | $807.5M | $766.7M | $729.8M | — |
| Goodwill | $175.8M | $175.8M | $175.8M | $175.8M | — |
| Total assets | $1.61B | $1.52B | $1.50B | $1.49B | — |
| Accounts payable | $43.5M | $63.7M | $73.1M | $54.7M | — |
| Short-term debt | $215.3M | $104.2M | $42.2M | $74.8M | — |
| Total current liabilities | $377.0M | $286.7M | $233.7M | $240.9M | — |
| Long-term debt | $523.3M | $512.9M | $527.1M | $467.2M | — |
| Total liabilities | $1.08B | $987.6M | $963.7M | $1.19B | — |
| Retained earnings | -$609.0M | -$585.6M | -$554.4M | -$429.1M | — |
| Total equity | $526.0M | $524.2M | $540.6M | $299.5M | $306.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $25.2M | $16.6M | $1.6M | $53.3M | — |
| Depreciation and amortisation | $75.6M | $62.8M | $71.0M | $71.7M | — |
| Stock-based compensation | $15.6M | $16.5M | $13.2M | $12.2M | — |
| Capital expenditure | $93.7M | $86.0M | $69.0M | $17.7M | — |
| Investing cash flow | -$145.0M | -$86.3M | -$69.1M | $52.6M | — |
| Financing cash flow | $118.8M | $44.6M | $32.3M | -$177.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020650.
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