Atlanta Braves Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-1.04	-31.27	-125.29	-34.17	-13.01	-78
Depreciation & Amortization	65.16	57.83	66.28	67.1	71.02	69
Other Amortization	5	5	4.7	4.6	-	-
Loss (Gain) From Sale of Assets	-	-	-2.31	-20.13	0.61	-
Asset Writedown & Restructuring Costs	-	-	-	4.81	-	-
Loss (Gain) From Sale of Investments	-	-	83.18	35.15	30.77	-42
Loss (Gain) on Equity Investments	-7.27	-8.86	-4.54	-7.23	-17.28	-6
Stock-Based Compensation	12.78	16.52	13.22	12.23	12.36	6
Other Operating Activities	22.25	-5.06	-3.89	-22.35	9.62	-16
Change in Accounts Payable	-33.52	-1.7	13.08	3.42	23.84	41
Change in Other Net Operating Assets	-35.61	-15.83	-42.8	9.91	-40.62	-29
Operating Cash Flow	27.73	16.63	1.63	53.35	77.31	-55
Operating Cash Flow Growth	160.11%	922.82%	-96.95%	-30.99%	-	-
Capital Expenditures	-56.05	-86.01	-69.04	-17.67	-35.36	-81
Divestitures	-	-	-	48.01	-	-
Investment in Securities	-0.33	-0.33	-0.13	-5.27	-	-
Other Investing Activities	0.34	0.04	0.11	27.5	1.5	4
Investing Cash Flow	-149.76	-86.31	-69.05	52.57	-33.86	-77
Long-Term Debt Issued	-	144.89	83.03	154.75	117.38	228
Long-Term Debt Repaid	-	-102.42	-56.19	-309.61	-93.34	-114
Net Debt Issued (Repaid)	113.61	42.48	26.85	-154.86	24.05	114
Issuance of Common Stock	7.56	-	-	-	5.66	-
Repurchase of Common Stock	-	-	-	-	-	-1
Other Financing Activities	-0.54	2.08	5.48	-22.36	-14.3	-8
Financing Cash Flow	120.63	44.56	32.33	-177.22	15.41	105
Net Cash Flow	-1.4	-25.12	-35.1	-71.3	58.85	-27
Free Cash Flow	-28.33	-69.38	-67.41	35.68	41.95	-136
Free Cash Flow Growth	-	-	-	-14.94%	-	-
Free Cash Flow Margin	-3.92%	-10.47%	-10.52%	6.06%	7.44%	-76.40%
Free Cash Flow Per Share	-0.45	-1.10	-1.09	0.57	0.81	-2.27
Cash Interest Paid	37.37	37.37	36.7	25.34	23.74	-
Cash Income Tax Paid	5.24	5.24	2.81	-7.47	-7.33	-
Levered Free Cash Flow	-47.5	-41.87	13.58	151.35	-50.81	-85.25
Unlevered Free Cash Flow	-19.77	-17.63	37.13	169.84	-35.51	-69
Change in Working Capital	-69.14	-17.53	-29.72	13.33	-16.78	12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.