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Financial statements

STARZ ENTERTAINMENT CORP /CN/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data STARZ ENTERTAINMENT CORP /CN/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2,3473,2024,1293,6813,8903,2723,6041,4231,3921,370
Selling and marketing424424382
General and administrative262355454445430487475124129102
Operating income-25-16.32491302.81719-1,348-904-170
Interest expense54.911519419919118217622127045.6
Interest income1.96.410.4128.85.830.80.63.54.9
Other non-operating income00-4.7-11.1-6.7-10.9-6.7-7.5-7.2
Pre-tax income-33.8-134149-308-203-17.4-177-1,354-934-224
Income tax-76.5-149-319-8.53.317.128.4-18.3-129-8.6
Income from continuing operations-1,336-805-215
Net income to minority interests-7.5-0.3-5.5-15.4-18-15.6-17.2-8.6-13.4
Net income50.214.8474-284-188-18.9-188-1,871-915-211
EBITDA-11.946.8408293201359187-1,193-742-0.1
EPS, basic3.901.0326.05-15.26-9.87-1.03-9.64-101.20-54.73-12.63
EPS, diluted3.791.0324.67-15.26-9.87-1.03-9.64-101.20-54.73-12.63
Shares, basic (weighted)12.914.418.218.61919.219.519.916.716.7
Shares, diluted (weighted)13.41519.218.61919.219.519.916.716.7
Dividend per share3.901.031.032.070.000.00

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents57.73223781843185293712722317.8
Receivables57090894664752238444258252.952.7
Other current assets23719619626715727424526418.118.4
Total current assets8681,6901,7731,3941,3081,1871,0581,118127171
Property, plant and equipment43.416616215514191.181.289.551.148.6
Lease right-of-use assets013712717116944.537.3
Goodwill5352,7012,7412,8342,8342,7652,76549400
Intangible assets11.42,0471,9381,8721,7201,5751,4401,300992816
Other non-current assets3214734594363924345786164841.8
Total assets3,8349,1978,9688,4097,9518,3068,9917,4262,1392,173
Accounts payable35557344853152754535236880.364.5
Accrued liabilities23427365.864.5
Deferred revenue24615718414711716617514728.539.4
Short-term debt40.177.979.153.668.68822341.48600
Total current liabilities1,7421,6902,4121,6521,5081,6932,4032,571408623
Long-term debt8253,0472,4782,8512,6642,5432,2021,9781,620700
Lease liabilities13012015915955.445.6
Other non-current liabilities22.750.346.411433533737731879.975.9
Total liabilities2,8936,6835,7095,4875,2915,5125,9876,2971,2201,407
Total debt8653,1252,5572,9042,7332,6312,4252,0202,480700
Retained earnings7.610.6517209-16.9-82.9-370-2,440-3,5770
Other comprehensive income-43.1-16-9.7-80.3-206-83.329.312119.219.2
Shareholders' equity8502,5143,1562,9192,6582,7932,7981,532919766
Minority interests013.221.61.81.52.2
Total equity8502,5143,1572,9222,6602,7952,683786-311766
Total liabilities and equity3,8349,1978,9688,4097,9518,3068,9917,4262,1392,173

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income42.714.5468-300-206-34.5-205-2,019-1,116-211
Depreciation and amortization13.163.1159163198189178156162170
Stock-based compensation77.976.988.468.150.58910025.724.618
Deferred income tax-85-163-300-23.6-0.93.4-1.7-25.1-60.5-2.5
Change in receivables-145-83138-44.5-2.7-34.93.7
Change in payables28.9153-18241-31.832.71.4-12.9-79.6-38.2
Cash from operations-19559386428615-0.5-661-438-132-46
Capital expenditures-18.4-25.2-45.9-43.8-31.1-35-33.1-34.3-20.4-17.6
Acquisitions-127-1,103-1.8-77.30000-331
Cash from investing-162-1,145293-122-51.7-31.1-80.5-42.5-24.8-99.2
Debt issued6304,0033,7133,5418522002,44800417
Debt repaid0-135-61.4-452
Stock issued6.125.444.981.71.64.23.80.5
Share buybacks-73.2000-2.6-2.200
Dividends paid-47.5-26.80-57.400
Cash from financing136850-622-499-426238599428132126
Exchange rate effect0.40.8-3.2-0.3-2.94.2-2.1-2.8-1.2
Net change in cash-45.426359.4-194137206-142-52.7-24.6-19.2
Free cash flow-37.4533341384584-35.5-694-473-152-63.6
Interest paid42.779.81201471741501355945.642.3
Income taxes paid10.214.3-20.313.5-5.3-5416.98.631.1

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $21.07 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-12.4%Operating income / revenue.
EBITDA margin-0.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-16.3%Pre-tax income / revenue.
Net margin-15.4%Net income / revenue.
FCF margin-4.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-3.4%Cash from operations / revenue.
Return on equity (ROE)-25.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-9.8%Net income / average total assets.
Return on invested capital (ROIC)-5.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue1.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.3%Capital expenditures / revenue.
D&A / revenue12.4%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-1.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-27.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-18.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-16.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-35.1%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-22.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y1.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-37.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-22.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-5.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-2.5%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.27xCurrent assets / current liabilities.
Quick ratio0.11x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.03x(Cash + short-term investments) / current liabilities.
Debt / equity0.91xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets32.2%Total debt / total assets.
Liabilities / assets64.7%Total liabilities / total assets.
Net debt$682.1MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-3.74xOperating income / interest expense.
Working capital-$452.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets37.5%(Goodwill + intangible assets) / total assets.
Tangible book value-$49.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.64xRevenue / average total assets.
Fixed asset turnover27.5xRevenue / average property, plant and equipment.
Receivables turnover25.9xRevenue / average receivables.
Days sales outstanding14 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$12.63Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$12.63Net income per basic share, as reported (split-adjusted).
Revenue per share$82.01Revenue / diluted weighted shares.
FCF per share-$3.81Free cash flow / diluted weighted shares.
Operating cash flow per share-$2.75Cash from operations / diluted weighted shares.
Book value per share$45.89Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$2.97Tangible book value / shares outstanding.
Cash per share$1.07(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$360.8MShare price x shares outstanding.
Enterprise value$1.04BMarket cap + total debt - cash - short-term investments.
P/S0.26xMarket cap / revenue.
P/B0.47xMarket cap / shareholders' equity. Only when equity is positive.
EV/Sales0.76xEnterprise value / revenue.
FCF yield-17.6%Free cash flow / market cap.
Earnings yield-58.5%Net income / market cap (the inverse of P/E).
What was STARZ ENTERTAINMENT CORP /CN/'s revenue in fiscal 2025?

STARZ ENTERTAINMENT CORP /CN/ reported revenue of $1.37B for fiscal 2025, 1.6% lower than the year before.

Was STARZ ENTERTAINMENT CORP /CN/ profitable in fiscal 2025?

No. It reported a net loss of $211.2M.

How much free cash flow did STARZ ENTERTAINMENT CORP /CN/ generate in fiscal 2025?

Cash from operations of $46.0M minus capital expenditures of $17.6M left free cash flow of -$63.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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