Formula One Group (FWONA) Income Statement Analysis

See more : ONE GLOBAL SERVICE PROVIDER LI (ONEGLOBAL.BO) Income Statement Analysis – Financial Results

Complete financial analysis of Formula One Group (FWONA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Formula One Group, a leading company in the Entertainment industry within the Communication Services sector.

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Formula One Group (FWONA)

Industry: Entertainment

Sector: Communication Services

Website: https://www.libertymedia.com/companies/formula-one-group.html

About Formula One Group

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	3.22B	2.57B	2.14B	1.15B	2.02B	1.83B	1.78B	0.00	4.80B	4.45B	4.00B	2.00B	1.41B	2.05B
Cost of Revenue	2.24B	1.75B	1.49B	974.00M	1.39B	1.27B	1.22B	10.00M	2.72B	2.07B	1.83B	1,631.45B	0.00	0.00
Gross Profit	982.00M	823.00M	647.00M	171.00M	628.00M	554.00M	564.00M	-10.00M	2.08B	2.38B	2.18B	-1,629.45B	1.41B	2.05B
Gross Profit Ratio	30.48%	31.99%	30.29%	14.93%	31.06%	30.32%	31.63%	0.00%	43.32%	53.42%	54.40%	-81,513.41%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	48.84M	0.00	48.84B	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	261.91M	0.00	261.91B	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	174.00M	210.00M	204.00M	199.00M	58.00M	72.00M	873.00M	764.00M	248.91B	151.00M	0.00
SG&A	316.00M	288.00M	210.00M	174.00M	210.00M	204.00M	199.00M	58.00M	72.00M	873.00M	764.00M	414.00M	151.00M	525.00M
Other Expenses	369.00M	362.00M	397.00M	441.00M	453.00M	18.00M	16.00M	21.00M	12.00M	-77.00M	7.86B	41.00M	9.00M	10.00M
Operating Expenses	685.00M	650.00M	607.00M	615.00M	663.00M	664.00M	604.00M	68.00M	81.00M	1.54B	1.36B	1.67B	878.00M	1.90B
Cost & Expenses	2.93B	2.40B	2.10B	1.59B	2.06B	1.94B	1.82B	68.00M	81.00M	3.61B	3.19B	1.67B	878.00M	1.90B
Interest Income	0.00	149.00M	123.00M	7.00M	195.00M	0.00	0.00	0.00	0.00	716.00K	0.00	716.00M	0.00	0.00
Interest Expense	214.00M	149.00M	123.00M	146.00M	195.00M	192.00M	220.00M	19.00M	20.00M	255.00M	132.00M	33.00M	16.00M	65.00M
Depreciation & Amortization	369.00M	362.00M	397.00M	441.00M	453.00M	460.00M	405.00M	10.00M	9.00M	359.00M	315.00M	817.00M	53.00M	823.00M
EBITDA	794.00M	535.00M	363.00M	-119.00M	247.00M	452.00M	321.00M	-58.00M	-72.00M	-100.00M	9.30B	2.86B	827.00M	1.31B
EBITDA Ratio	24.64%	23.05%	22.19%	-7.07%	23.49%	21.07%	21.20%	0.00%	-2.25%	22.70%	223.89%	126.56%	48.26%	43.02%
Operating Income	297.00M	231.00M	77.00M	-444.00M	22.00M	-110.00M	-40.00M	443.00M	-81.00M	841.00M	814.00M	326.00M	531.00M	195.00M
Operating Income Ratio	9.22%	8.98%	3.60%	-38.78%	1.09%	-6.02%	-2.24%	0.00%	-1.69%	18.90%	20.34%	16.31%	37.69%	9.51%
Total Other Income/Expenses	-86.00M	78.00M	-197.00M	-262.00M	-366.00M	-90.00M	-264.00M	57.00M	265.00M	577.00M	8.04B	1.69B	227.00M	231.00M
Income Before Tax	211.00M	251.00M	-157.00M	-706.00M	-401.00M	-200.00M	-304.00M	500.00M	-277.00M	461.00M	8.86B	2.01B	758.00M	426.00M
Income Before Tax Ratio	6.55%	9.76%	-7.35%	-61.66%	-19.83%	-10.95%	-17.05%	0.00%	-5.78%	10.36%	221.29%	100.65%	53.80%	20.78%
Income Tax Expense	27.00M	-311.00M	-37.00M	-112.00M	-90.00M	-50.00M	-561.00M	171.00M	-102.00M	66.00M	-135.00M	600.00M	165.00M	-571.00M
Net Income	185.00M	558.00M	-120.00M	-594.00M	-311.00M	-150.00M	255.00M	329.00M	-175.00M	178.00M	8.78B	1.41B	836.00M	1.00B
Net Income Ratio	5.74%	21.69%	-5.62%	-51.88%	-15.38%	-8.21%	14.30%	0.00%	-3.65%	4.00%	219.39%	70.74%	59.33%	48.78%
EPS	0.63	2.39	-0.52	-2.56	-1.35	-0.65	1.23	3.93	-0.38	-0.06	17.37	8.20	4.85	5.80
EPS Diluted	0.62	2.15	-0.52	-2.56	-1.35	-0.65	1.21	3.93	-0.38	-0.06	17.18	8.20	4.85	5.80
Weighted Avg Shares Out	234.00M	233.00M	232.00M	232.00M	231.00M	231.00M	207.00M	83.80M	463.02M	475.38M	505.52M	172.49M	172.49M	172.49M
Weighted Avg Shares Out (Dil)	240.00M	244.00M	232.00M	232.00M	231.00M	232.00M	211.00M	83.80M	463.02M	475.38M	511.21M	172.49M	172.49M	172.49M

Formula One Group: Cash Is King

January 28, 2022seekingalpha.com

Formula One Group is set up nicely to outperform in 2022. The company offers value on a FCF yield basis. I expect this metric to grow in importance and the company to rerate higher.

Formula One Group (FWONA) CEO Stefano Domenicali on Q2 2021 Results - Earnings Call Transcript

November 5, 2021seekingalpha.com

Formula One Group (FWONA) CEO Stefano Domenicali on Q2 2021 Results - Earnings Call Transcript

Liberty Media Corporation Announces Third Quarter Earnings Release and Conference Call

October 21, 2021businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation’s (“Liberty Media”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) President and Chief Executive Officer, Greg Maffei, will host a conference call to discuss results for the third quarter of 2021 on Thursday, November 4th...

Formula One Group: Drive To Survive

September 24, 2021seekingalpha.com

Broadening World Championship viewership through digital social expansion may provide a long-term growth runway. Growth internationally may allow for race promotion revenue to increase and margins to expand relative to those achievable in Europe.