|
Net Revenue
|
|
$2.5m
|
$5.6m
|
$13.3m
|
$640.7m
|
$662.7m
|
$732.5m
|
|
Revenue:
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
($1.7m)
|
($3.7m)
|
($7.2m)
|
$562.8m
|
$576.7m
|
$617.1m
|
|
Gross profit (derived)
|
|
$786k
|
$1.9m
|
$6.1m
|
$77.9m
|
$86.0m
|
$115.4m
|
|
Selling, general and administrative, including stock-based compensation
|
|
—
|
—
|
$105.5m
|
$124.3m
|
$125.7m
|
$128.9m
|
|
Operating costs
|
|
—
|
—
|
$436.5m
|
$491.2m
|
$513.9m
|
$511.4m
|
|
Total operating costs and expenses
|
|
—
|
—
|
$619.1m
|
$687.1m
|
$702.4m
|
$746.0m
|
|
Total operating expenses
|
|
$8.0m
|
$4.3m
|
$6.9m
|
—
|
—
|
—
|
|
Operating income (loss)
|
|
—
|
—
|
($30.6m)
|
($46.4m)
|
($39.7m)
|
($13.5m)
|
|
Depreciation and amortization
|
|
$93k
|
$273k
|
$71.7m
|
$71.0m
|
$62.8m
|
$75.6m
|
|
Share of earnings (losses) of affiliates, net (note 5)
|
|
—
|
—
|
$28.9m
|
$27.0m
|
$30.5m
|
$29.4m
|
|
Realized and unrealized gains (losses) on intergroup interests, net
|
|
—
|
—
|
($35.2m)
|
($83.2m)
|
—
|
—
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
|
—
|
—
|
$13.1m
|
$2.3m
|
$3.4m
|
($1.0m)
|
|
Gains (losses) on dispositions, net
|
|
—
|
—
|
$20.1m
|
$2.3m
|
—
|
—
|
|
Other, net
|
|
—
|
—
|
$1.7m
|
$6.5m
|
$8.6m
|
$7.4m
|
|
Earnings (loss) before income taxes
|
|
—
|
—
|
($31.5m)
|
($129.2m)
|
($35.9m)
|
($24.1m)
|
|
Net earnings (loss)
|
|
—
|
—
|
($34.2m)
|
($125.3m)
|
($31.3m)
|
($23.3m)
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
|
—
|
—
|
—
|
—
|
—
|
$87k
|
|
Net earnings (loss) attributable to Atlanta Braves Holdings' shareholders
|
|
—
|
—
|
($34.2m)
|
($125.3m)
|
($31.3m)
|
($23.4m)
|
|
Excise taxes
|
|
$0
|
$0
|
($4.8m)
|
—
|
—
|
—
|
|
Advertising and promotion
|
|
$749k
|
$455k
|
$1.3m
|
—
|
—
|
—
|
|
Insurance
|
|
$69k
|
$102k
|
$179k
|
—
|
—
|
—
|
|
Professional fees and consulting
|
|
$704k
|
$586k
|
$911k
|
—
|
—
|
—
|
|
Provision for expected credit losses
|
|
$0
|
$134k
|
$0
|
—
|
—
|
—
|
|
Rent
|
|
$0
|
$0
|
—
|
—
|
—
|
—
|
|
Share-based payments
|
|
$5.3m
|
$891k
|
$139k
|
—
|
—
|
—
|
|
Travel
|
|
$4k
|
$60k
|
$123k
|
—
|
—
|
—
|
|
Wages and salaries
|
|
$526k
|
$1.1m
|
$1.8m
|
—
|
—
|
—
|
|
Write-down of inventory
|
|
$63k
|
$0
|
$0
|
—
|
—
|
—
|
|
Loss from operations
|
|
($7.2m)
|
($2.4m)
|
($800k)
|
—
|
—
|
—
|
|
Gain on settlement of accounts payable
|
|
$0
|
$53k
|
$21k
|
—
|
—
|
—
|
|
Interest income
|
|
$8k
|
$0
|
$0
|
—
|
—
|
—
|
|
Loss on disposal of capital assets
|
|
$0
|
($150k)
|
$0
|
—
|
—
|
—
|
|
Impairment loss recognised in profit or loss, goodwill
|
|
$0
|
$0
|
($1.7m)
|
—
|
—
|
—
|
|
Loss on termination of license agreement
|
|
$0
|
$0
|
($1.5m)
|
—
|
—
|
—
|
|
Realized loss on marketable securities
|
|
($2k)
|
$0
|
$0
|
—
|
—
|
—
|
|
Loss before income taxes
|
|
($7.6m)
|
($2.8m)
|
($4.3m)
|
—
|
—
|
—
|
|
Deferred income tax recovery
|
|
$0
|
$31k
|
$152k
|
—
|
—
|
—
|
|
Net loss and comprehensive loss
|
|
($7.6m)
|
($2.7m)
|
($4.3m)
|
—
|
—
|
—
|
|
Basic and diluted
|
|
($0)
|
($0)
|
—
|
—
|
—
|
—
|
|
Basic net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (note 2) (in dollars per share)
|
|
($0)
|
($0)
|
($1)
|
($2)
|
($0)
|
($0)
|
|
Diluted net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (in dollars per share)
|
|
($0)
|
($0)
|
($1)
|
($2)
|
($0)
|
($0)
|
|
Basic earnings (loss) per share
|
|
($0.19)
|
($0.05)
|
($0.07)
|
($2.03)
|
($0.50)
|
($0.37)
|
|
Diluted earnings (loss) per share
|
|
($0.19)
|
($0.05)
|
($0.07)
|
($2.03)
|
($0.50)
|
($0.37)
|
|
Weighted average number of common shares outstanding, Basic
|
|
39.7m
|
50.2m
|
59.2m
|
—
|
—
|
—
|
|
Weighted average number of common shares outstanding, Diluted
|
|
39.7m
|
50.2m
|
59.2m
|
—
|
—
|
—
|
|
Impairment expense
|
|
—
|
—
|
—
|
—
|
—
|
$30.1m
|
|
Interest expense
|
|
($399k)
|
($277k)
|
($29.6m)
|
($37.7m)
|
($38.8m)
|
($46.4m)
|
|
Income tax benefit (expense) (note 9)
|
|
—
|
—
|
($2.7m)
|
$3.9m
|
$4.7m
|
$831k
|
|
Automobile expenses
|
|
$0
|
$5k
|
$1k
|
—
|
—
|
—
|
|
Data program expenses
|
|
$0
|
$289k
|
$1.0m
|
—
|
—
|
—
|
|
Office expenses
|
|
$227k
|
$324k
|
$685k
|
—
|
—
|
—
|
|
Repair and maintenance expenses
|
|
$0
|
$0
|
$219k
|
—
|
—
|
—
|
|
Research expenses
|
|
$182k
|
$89k
|
$0
|
—
|
—
|
—
|
|
Accretion expense
|
|
($58k)
|
$0
|
$0
|
—
|
—
|
—
|
|
Income tax expense
|
|
$0
|
($16k)
|
($96k)
|
—
|
—
|
—
|
|
Listing expense
|
|
$0
|
$0
|
—
|
—
|
—
|
—
|