News
WWE News: WWE Second Quarter Earnings Report Released, Record Revenue
| World Wrestling Entertainment, Inc.
Supplemental Information – Reconciliation of Business Outlook (In millions, except per share data) (Unaudited) |
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|
Reconciliation of Adjusted OIBDA to Operating Income |
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| Q2 2018 | Q2 2018 YTD | Q3 2018 | FY 2018 | |||||||
| Adjusted OIBDA | $ | 43.5 | $ | 78.7 | $30 – $34 | $160 – $170 | ||||
| Depreciation & amortization | (6.9) | (13.2) | — | — | ||||||
| Stock-based compensation | (15.4) | (22.5) | — | — | ||||||
| Film impairments (1) | — | — | — | — | ||||||
| Asset impairments (1) | — | — | — | — | ||||||
| Gain (losses) on operating assets (1) | — | — | — | — | ||||||
| Restructuring charges (1) | — | — | — | — | ||||||
| Other operating income items (1) | — | — | — | — | ||||||
| Operating income (U.S. GAAP Basis) | $ | 21.2 | $ | 43.0 | Not estimable | Not estimable | ||||
| (1) Because of the nature of these items, WWE is unable to estimate the amounts of any adjustments for these items
for periods after June 30, 2018 due to its inability to forecast if or when such items will occur. These items are inherently unpredictable and may not be reliably quantified. |
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| World Wrestling Entertainment, Inc.
Supplemental Information – Free Cash Flow (In millions) (Unaudited) |
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| Three Months Ended | Six Months Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2018 | 2017 | 2018 | 2017 | |||||||||
| Net cash provided by operating activities | $ | 74.2 | $ | 10.8 | $ | 76.8 | $ | 13.8 | ||||
| Less cash used for capital expenditures: | ||||||||||||
| Purchase of property and equipment and other assets | (7.8) | (8.2) | (12.2) | (12.5) | ||||||||
| Free Cash Flow | $ | 66.4 | $ | 2.6 | $ | 64.6 | $ | 1.3 | ||||
Contacts
For WWE
Investors:
Michael Weitz, 203-352-8642
or
Michael Guido, CFA, 203-352-8779
or
Media:
Matthew Altman, 203-352-1177
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