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WWE News: WWE Second Quarter Earnings Report Released, Record Revenue

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World Wrestling Entertainment, Inc.

Consolidated Statements of Cash Flows

(In millions)

(Unaudited)

Six Months Ended
June 30,
2018 2017
OPERATING ACTIVITIES:
Net income $ 24.8 $ 6.0
Adjustments to reconcile net income to net cash
provided by operating activities:
Amortization and impairments of feature film production assets 3.5 5.8
Amortization of television production assets 12.8 10.7
Depreciation and amortization 16.6 16.6
Loss on equity investment 3.0
Services provided in exchange for equity instruments (1.6) (1.4)
Other amortization 3.1 3.2
Stock-based compensation 22.5 12.8
Benefit from deferred income taxes (0.1)
Other non-cash adjustments 2.1 0.4
Cash (used in) provided by changes in operating assets and liabilities:
Accounts receivable (7.2) (2.6)
Inventory (0.3) (1.8)
Prepaid expenses and other assets (5.2) (5.4)
Feature film production assets (0.6) (7.8)
Television production assets (14.4) (7.6)
Accounts payable, accrued expenses and other liabilities 6.4 (9.2)
Deferred income 11.4 (5.9)
Net cash provided by operating activities 76.8 13.8
INVESTING ACTIVITIES:
Purchases of property and equipment and other assets (12.2) (12.5)
Purchases of short-term investments (64.5) (88.7)
Proceeds from sales and maturities of investments 36.1 13.7
Purchase of investment securities (0.1)
Other 1.0
Net cash used in investing activities (39.6) (87.6)
FINANCING ACTIVITIES:
Repayment of debt (2.3) (2.6)
Dividends paid (18.5) (18.3)
Proceeds from borrowings under the credit facilities 1.4
Proceeds from borrowings on convertible notes, net of issuance costs 14.5
Proceeds from issuance of warrants 1.5
Purchase of convertible note hedge (2.6)
Taxes paid related to net settlement upon vesting of equity awards (0.2) (0.1)
Proceeds from issuance of stock 0.9 0.8
Net cash used in financing activities (20.1) (5.4)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 17.1 (79.2)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 137.7 212.0
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 154.8 $ 132.8
NON-CASH INVESTING TRANSACTIONS:
Purchases of property and equipment recorded in accounts payable
and accrued expenses
$ 3.6 $ 2.0
World Wrestling Entertainment, Inc.

Supplemental Information – Reconciliation of Adjusted Net Income

(In millions, except per share data)

(Unaudited)

Three Months Ended June 30,
2018 2017
As
Reported
Loss on Investment Adjusted As
Reported
Film
Impairments
Adjusted
Operating income $ 21.2 $ $ 21.2 $ 10.7 $ 1.1 $ 11.8
Interest expense 4.7 4.7 3.7 3.7
Loss on equity investment (1) 3.0 (3.0)
Investment and other income, net 1.0 1.0 0.8 0.8
Income before taxes 14.5 3.0 17.5 7.8 1.1 8.9
Provision for income taxes (2) 4.5 0.6 5.1 2.7 0.4 3.1
Net income $ 10.0 $ 2.4 $ 12.4 $ 5.1 $ 0.7 $ 5.8
Earnings per share – diluted (3) $ 0.11 $ 0.03 $ 0.14 $ 0.06 $ 0.01 $ 0.07

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TNA Impact on AMC Drops to 175,000 Viewers, 0.03 18-49 Rating Amid Heavy Sports Competition

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TNA Thursday Night Impact averaged 175,000 viewers on AMC last week, a 17.5% decline from the previous week’s 212,000 and the lowest audience since January 22. The show posted a 0.03 rating in the key 18-49 demo, down 25% and matching its lowest demo figure on AMC since the move.

The drop coincided with stiff competition — Impact ran opposite the NFL Draft (simulcast on ESPN, ABC and the NFL Network) as well as NHL and NBA playoff coverage, leaving the program tied for 70th on the primetime cable charts. Versus the prior 10-week average (0.04 rating and 240,300 viewers), last week’s show fell 25% in the demo and 27.2% in overall viewers.

Originally reported by Wrestling Observer: https://www.f4wonline.com/news/tna-wrestling/tna-impact-viewership-18-49-rating-take-big-hit/.

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TUESDAY - 4 Corners Podcast (sports)

WEDNESDAY - The Greg DeMarco Show (wrestling) 

THURSDAY - Nefarious Means

FRIDAY - DWI Podcast (Drunk Wrestling Intellect)

SATURDAY - The Mindless Wrestling Podcast

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Attitude Of Aggression Podcast: The Big Five Project (chronologically exploring WWE's PPV/PLE history) Unidentified History (Ufology) & Game Gone Wrong (Game of Thrones Universe)


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Nick Hogan Open to Pursuing In-Ring Career After Viewing Hulk Hogan: Real American

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Nick Hogan told the Bonus Edition of the 83 Weeks podcast that after watching the final version of Hulk Hogan: Real American he’s more open than ever to stepping into the ring if the opportunity presents itself. Hogan said he’s been knocking off ring rust, is in good shape and “would absolutely welcome” the chance to pursue an in‑ring career, and noted the docuseries — which premiered on Netflix on April 22, 2026 — helped clarify his father’s legacy.

He also praised the series for pulling back the curtain on the many facets of Hulk Hogan, from character work to charitable efforts, saying it showed how dynamic a person his father is. Nick added that the long-discussed Chris Hemsworth biopic from 2019 remains a possibility despite delays, as the documentary continues to renew interest in Hogan’s story.

Originally reported by Wrestling Observer: https://www.f4wonline.com/news/nick-hogan-would-absolutely-welcome-opportunity-to-pursue-wrestling-career/.

Chairshot Radio Network

Launched in 2017, the Chairshot Radio Network presents you with the best in sports, entertainment, and sports entertainment. Wrestling and wrestling crossover podcasts + the most interesting content + the most engaging hosts = the most entertaining podcasts you’ll find!

 MONDAY - Bandwagon Nerds (entertainment & popular culture)

TUESDAY - 4 Corners Podcast (sports)

WEDNESDAY - The Greg DeMarco Show (wrestling) 

THURSDAY - Nefarious Means

FRIDAY - DWI Podcast (Drunk Wrestling Intellect)

SATURDAY - The Mindless Wrestling Podcast

SUNDAY - 30 Mindless Minutes

CHAIRSHOT RADIO NETWORK PODCAST SPECIALS

Attitude Of Aggression Podcast: The Big Five Project (chronologically exploring WWE's PPV/PLE history) Unidentified History (Ufology) & Game Gone Wrong (Game of Thrones Universe)


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