
Studio City International Holdings Ltd
NYSE:MSC

Income Statement
Earnings Waterfall
Studio City International Holdings Ltd
Revenue
|
639.1m
USD
|
Cost of Revenue
|
-222.5m
USD
|
Gross Profit
|
416.6m
USD
|
Operating Expenses
|
-378.5m
USD
|
Operating Income
|
38.1m
USD
|
Other Expenses
|
-134.9m
USD
|
Net Income
|
-96.7m
USD
|
Income Statement
Studio City International Holdings Ltd
Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||
Revenue |
571
N/A
|
422
-26%
|
446
+6%
|
604
+35%
|
627
+4%
|
513
-18%
|
351
-32%
|
193
-45%
|
49
-75%
|
41
-17%
|
84
+107%
|
102
+21%
|
107
+5%
|
90
-16%
|
57
-37%
|
36
-38%
|
12
-68%
|
51
+343%
|
168
+230%
|
308
+84%
|
446
+44%
|
544
+22%
|
590
+9%
|
628
+6%
|
639
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||
Cost of Revenue |
(124)
|
(96)
|
(100)
|
(132)
|
(137)
|
(124)
|
(105)
|
(89)
|
(75)
|
(69)
|
(71)
|
(75)
|
(76)
|
(77)
|
(75)
|
(75)
|
(73)
|
(76)
|
(117)
|
(149)
|
(171)
|
(199)
|
(201)
|
(210)
|
(223)
|
|
Gross Profit |
447
N/A
|
326
-27%
|
346
+6%
|
473
+36%
|
490
+4%
|
389
-21%
|
245
-37%
|
104
-58%
|
(26)
N/A
|
(28)
-9%
|
13
N/A
|
27
+108%
|
31
+13%
|
14
-55%
|
(18)
N/A
|
(39)
-119%
|
(61)
-57%
|
(24)
+60%
|
51
N/A
|
160
+211%
|
274
+72%
|
345
+26%
|
390
+13%
|
417
+7%
|
417
0%
|
|
Operating Income | ||||||||||||||||||||||||||
Operating Expenses |
(310)
|
(229)
|
(236)
|
(315)
|
(312)
|
(313)
|
(292)
|
(271)
|
(254)
|
(234)
|
(228)
|
(225)
|
(222)
|
(222)
|
(218)
|
(213)
|
(216)
|
(218)
|
(239)
|
(272)
|
(303)
|
(330)
|
(354)
|
(369)
|
(378)
|
|
Selling, General & Administrative |
(145)
|
(105)
|
(110)
|
(145)
|
(140)
|
(143)
|
(125)
|
(105)
|
(94)
|
(83)
|
(87)
|
(94)
|
(95)
|
(94)
|
(90)
|
(86)
|
(89)
|
(92)
|
(103)
|
(122)
|
(134)
|
(142)
|
(158)
|
(166)
|
(173)
|
|
Depreciation & Amortization |
(165)
|
(124)
|
(127)
|
(170)
|
(172)
|
(170)
|
(167)
|
(166)
|
(160)
|
(151)
|
(141)
|
(131)
|
(128)
|
(128)
|
(128)
|
(127)
|
(127)
|
(125)
|
(135)
|
(148)
|
(166)
|
(186)
|
(193)
|
(200)
|
(202)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Operating Income |
138
N/A
|
97
-30%
|
110
+14%
|
158
+43%
|
178
+13%
|
76
-57%
|
(46)
N/A
|
(166)
-259%
|
(280)
-68%
|
(262)
+7%
|
(215)
+18%
|
(198)
+8%
|
(192)
+3%
|
(208)
-9%
|
(235)
-13%
|
(252)
-7%
|
(277)
-10%
|
(242)
+13%
|
(188)
+22%
|
(112)
+40%
|
(29)
+74%
|
16
N/A
|
36
+128%
|
48
+36%
|
38
-21%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||
Interest Income Expense |
(155)
|
(114)
|
(110)
|
(138)
|
(130)
|
(128)
|
(118)
|
(119)
|
(107)
|
(95)
|
(94)
|
(85)
|
(82)
|
(84)
|
(79)
|
(80)
|
(84)
|
(80)
|
(93)
|
(107)
|
(118)
|
(136)
|
(135)
|
(137)
|
(135)
|
|
Non-Reccuring Items |
(3)
|
(6)
|
(6)
|
(6)
|
(4)
|
0
|
0
|
(19)
|
(19)
|
(48)
|
(48)
|
(29)
|
(29)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
1
|
1
|
(1)
|
|
Total Other Income |
(1)
|
6
|
6
|
6
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
Pre-Tax Income |
(20)
N/A
|
(17)
+15%
|
1
N/A
|
19
+2 671%
|
44
+127%
|
(52)
N/A
|
(165)
-216%
|
(305)
-85%
|
(406)
-33%
|
(404)
+0%
|
(357)
+12%
|
(312)
+13%
|
(303)
+3%
|
(292)
+3%
|
(315)
-8%
|
(332)
-5%
|
(361)
-9%
|
(322)
+11%
|
(281)
+13%
|
(219)
+22%
|
(146)
+33%
|
(120)
+18%
|
(99)
+18%
|
(89)
+11%
|
(98)
-11%
|
|
Net Income | ||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
0
|
1
|
1
|
(0)
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(7)
|
(7)
|
|
Income from Continuing Operations |
(21)
|
(18)
|
0
|
19
|
44
|
(52)
|
(165)
|
(305)
|
(405)
|
(404)
|
(357)
|
(311)
|
(302)
|
(292)
|
(315)
|
(332)
|
(361)
|
(322)
|
(281)
|
(219)
|
(146)
|
(120)
|
(104)
|
(96)
|
(106)
|
|
Income to Minority Interest |
(1)
|
(2)
|
(1)
|
(5)
|
(10)
|
12
|
38
|
65
|
84
|
77
|
61
|
51
|
49
|
45
|
42
|
37
|
35
|
28
|
24
|
19
|
13
|
10
|
9
|
8
|
9
|
|
Net Income (Common) |
(22)
N/A
|
(20)
+10%
|
(0)
+99%
|
14
N/A
|
34
+138%
|
(40)
N/A
|
(127)
-215%
|
(239)
-89%
|
(322)
-34%
|
(327)
-2%
|
(295)
+10%
|
(260)
+12%
|
(253)
+3%
|
(247)
+2%
|
(273)
-10%
|
(295)
-8%
|
(327)
-11%
|
(294)
+10%
|
(257)
+13%
|
(200)
+22%
|
(134)
+33%
|
(110)
+18%
|
(95)
+14%
|
(88)
+8%
|
(97)
-10%
|
|
EPS (Diluted) |
-0.11
N/A
|
-0.08
+27%
|
0
N/A
|
0.06
N/A
|
0.14
+133%
|
-0.16
N/A
|
-0.52
-225%
|
-0.73
-40%
|
-1.09
-49%
|
-0.88
+19%
|
-0.79
+10%
|
-0.7
+11%
|
-0.68
+3%
|
-0.46
+32%
|
-0.35
+24%
|
-0.38
-9%
|
-0.46
-21%
|
-0.38
+17%
|
-0.33
+13%
|
-0.26
+21%
|
-0.17
+35%
|
-0.14
+18%
|
-0.12
+14%
|
-0.11
+8%
|
-0.13
-18%
|