Value Sense
BATRK
The Liberty Braves Group (BATRK)
Last Price$40.1(0.6%)
Market Cap$2,504.6M
LTM Revenue
$662.7M
+3.4% YoY
LTM Net Income
($33.8M)
-73.2% YoY
LTM Net Debt
$610.8M
Net Debt to FCF - 1.1x
LTM Free Cash Flow (FCF)
$567.0M
85.6% margin

BATRK Income Statement

BATRK Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Revenue
$640.7M 9.0% YoY
Gross profit
$149.4M (60.9%) YoY
23.3% margin
Cost of revenue
$491.2M 138.5% YoY
Operating expenses
$195.9M (67.9%) YoY
Net income
$125.3M 258.0% YoY
(19.6%) margin
Other: $53.8M
SG&A
$124.3M 18.4% YoY
19.4% of revenue

BATRK Income statement key metrics

Annual
Quarterly
LTM

Revenue

$640.7M +9.0% YoY

Operating Income

($46.4M) +828.8% YoY

Net Income

($125.3M) +258.0% YoY

BATRK Balance Sheet

BATRK Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$1,504.3M
Current assets ($218.0M, 14.5% of total)
Cash & ST investments
$125.1M (8.3%)
Other current assets
$29.9M (2.0%)
Non-current assets ($1,286.3M, 85.5% of total)
Intangible assets
$123.7M (8.2%)
Other non-current assets
$293.9M (19.5%)
Financial position
Net Debt
$547.7M
$125.1M$672.9M
Cash & Short-term Investments
Total Debt
Quick ratio
0.8x
Net Debt to Free Cash Flow
(8.1x)
Debt to Equity ratio
124.5%

BATRK Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$1,504.3M +5.7% YoY

Liabilities

$963.7M -13.8% YoY

Shareholder's Equity

$540.6M +83.9% YoY

BATRK Cash Flow Statement

BATRK Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$172.8M$1,626.0K($69.1M)$32.3M$0.0$137.7M

BATRK Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,626.0K -96.8% YoY

Capital Expenditure (CAPEX)

($69.0M) +291.4% YoY

Free Cash Flow (FCF)

($67.4M) N/A YoY

BATRK Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Revenue
% growth
225.0
0.0%
260.0
15.6%
250.0
(3.8%)
243.0
(2.8%)
262.0
7.8%
386.0
47.3%
442.0
14.5%
476.0
7.7%
178.0
(62.6%)
568.0
219.1%
588.0
3.5%
640.7
9.0%
Cost of Goods Sold (COGS)159.00.01,631.50.00.00.00.00.0170.0159.0206.0491.2
Gross Profit
% margin
66.0
29.3%
260.0
100.0%
(1,381.5)
(552.6%)
243.0
100.0%
262.0
100.0%
386.0
100.0%
442.0
100.0%
476.0
100.0%
8.0
4.5%
409.0
72.0%
382.0
65.0%
149.4
23.3%
Operating Expenses68.0248.0287.0954.0323.0499.0441.0515.0306.0548.0610.0195.9
Research & Development Expenses (R&D)48,843.00.048.80.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)48.058.058.061.067.0151.0118.0104.067.099.0105.0124.3
Operating Income
% margin
(6.0)
(2.7%)
7.0
2.7%
(47.0)
(18.8%)
954.0
392.6%
(61.0)
(23.3%)
(113.0)
(29.3%)
1.0
0.2%
(61.0)
(12.8%)
(128.0)
(71.9%)
20.0
3.5%
(5.0)
(0.9%)
(46.4)
(7.2%)
Interest Income1.01.00.01.00.00.00.027.026.024.529.60.0
Interest Expense0.00.00.00.01.015.026.027.026.024.029.037.7
Pre-tax Income(3.0)11.0(37.0)184.0(79.0)(62.0)(4.0)(92.0)(116.0)(3.0)(27.0)(129.2)
Income Tax
% effective tax rate
1.0
(33.3%)
5.0
45.5%
13.0
(35.1%)
10.0
5.4%
(17.0)
21.5%
(36.0)
58.1%
(15.0)
375.0%
(15.0)
16.3%
(38.0)
32.8%
8.0
(266.7%)
8.0
(29.6%)
(3.9)
3.0%
Net Income
% margin
(2.0)
(0.9%)
6.0
2.3%
(24.0)
(9.6%)
184.0
75.7%
(62.0)
(23.7%)
(25.0)
(6.5%)
5.0
1.1%
(77.0)
(16.2%)
(78.0)
(43.8%)
(11.0)
(1.9%)
(35.0)
(6.0%)
(125.3)
(19.6%)
EPS0.000.00(0.01)5.20(1.35)(0.51)0.08(1.26)(1.30)(0.18)(0.57)(2.02)
Diluted EPS0.000.00(0.00)5.20(1.13)(0.42)0.08(1.26)(1.30)(0.18)(0.57)(2.02)
EBITDA
% margin
18.0
8.0%
32.0
12.3%
(18.0)
(7.2%)
954.0
392.6%
(29.0)
(11.1%)
20.0
5.2%
98.0
22.2%
32.0
6.7%
(59.0)
(33.1%)
92.2
16.2%
69.8
11.9%
(20.5)
(3.2%)