Atlanta Braves Holdings Inc

For the period ended Mar 31, 2025. Filed May 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 12, 2025

BATRA$57.50+3.7%Stored close · as of Nov 9, 2026

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Contents

Part I – Financial Information Item 1. Financial Statements Condensed Consolidated Balance Sheets (unaudited)

Condensed Consolidated Balance Sheets


· March 31, · December 31,
· 2025 · 2024
· · amounts in thousands
Assets · ·
Current assets: · ·
Cash and cash equivalents	$244,679	110,144
Restricted cash	22,312	2,455
Accounts receivable and contract assets, net of allowance for credit losses of $445 and $238, respectively	27,619	49,991
Other current assets	26,752	16,556
Total current assets	321,362	179,146

Property and equipment, at cost (note 3)	1,184,422	1,161,803
Accumulated depreciation	(365,895)	(354,318)
	818,527	807,485

Investments in affiliates, accounted for using the equity method (note 4)	108,908	108,786
Intangible assets not subject to amortization:
Goodwill	175,764	175,764
Franchise rights	123,703	123,703
	299,467	299,467

Other assets, net	133,175	128,962
Total assets	$1,681,439	1,523,846

Condensed Consolidated Balance Sheets (continued)


· March 31, · December 31,
· 2025 · 2024
· · amounts in thousands,
· · except share amounts ·
Liabilities and Equity · ·
Current liabilities: · ·
Accounts payable and accrued liabilities	$82,300	63,711
Deferred revenue and refundable tickets	220,108	111,851
Current portion of debt (note 5)	104,344	104,193
Other current liabilities	7,113	6,905
Total current liabilities	413,865	286,660

Long-term debt (note 5)	595,122	512,927
Finance lease liabilities	103,881	103,845
Deferred income tax liabilities	30,934	43,516
Pension liability	4,276	6,558
Other noncurrent liabilities	35,195	34,116
Total liabilities	1,183,273	987,622
Equity:
Preferred stock, $.01 par value. Authorized 50,000,000 shares; zero shares issued at March 31, 2025 and December 31, 2024	—	—
Series A common stock, $.01 par value. Authorized 200,000,000 shares; issued and outstanding 10,318,162 and 10,318,162 at March 31, 2025 and December 31, 2024, respectively	103	103
Series B common stock, $.01 par value. Authorized 7,500,000 shares; issued and outstanding 977,776 and 977,776 at March 31, 2025 and December 31, 2024, respectively	10	10
Series C common stock, $.01 par value. Authorized 200,000,000 shares; issued and outstanding 51,294,890 and 51,269,890 at March 31, 2025 and December 31, 2024, respectively	511	511
Additional paid-in capital	1,115,876	1,112,551
Accumulated other comprehensive earnings (loss), net of taxes	(3,344)	(3,352)
Retained earnings (deficit)	(627,035)	(585,644)
Total stockholders' equity	486,121	524,179
Noncontrolling interests in equity of subsidiaries	12,045	12,045
Total equity	498,166	536,224
Commitments and contingencies (note 7)
Total liabilities and equity	$1,681,439	1,523,846

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.