Professional Wrestling Thread

[XMW]

I usually watch it the day after it airs, but due to getting fucked over with exams I will have to wait until Friday. Pretty bummed because the card looks great, I did watch 27 the day after it aired but I wasn't excited for that one at all, I am for this one but it'll have to wait as my exams are more important.

[yourmumsface17]

Sky bet are taking bets on Wm, have got in there and bet on

Team Johnny, Kelly Kelly, Randy, Big Show, Sheamus, Punk, Taker, Cena to win.

[claud3]

I am looking on WM28 and feeling it will not be all that great. Besides the Undertaker match. The rest and espicially the rock match are in my opinion going to be so shit... Its not the same anymore and i hope its a winner. But i do not see it. I am going to watch the undertaker match and then turn the rest off. I am not even bothered anymore and i am not even going to watch the start, only the undertaker match


WM28 WILL BE A FAILURE IN MY OPINION

[yourmumsface17]

I am looking on WM28 and feeling it will not be all that great. Besides the Undertaker match. The rest and espicially the rock match are in my opinion going to be so shit... Its not the same anymore and i hope its a winner. But i do not see it. I am going to watch the undertaker match and then turn the rest off. I am not even bothered anymore and i am not even going to watch the start, only the undertaker match


WM28 WILL BE A FAILURE IN MY OPINION

As long as matches get a lot of time and they don't fill it with pointless promos /vid packages, i SHOULD be good.

[claud3]

Well one can hope... I actually hate the rock vs cena set up and all the others, besides the undertaker and triple h

It just does not feel right and the other matches will be in my opinion completely shit... I can not seeing these matches being what they truely need to be and that is epic.

[justintheman87]

I think the Jericho vs. CM Punk match will steal the show. It will be a showcase of what wrestling was in the past (story telling within the ring), and how wrestling should become once more again today. In reality most of the talent in the WWE are mediocre wrestlers, instead they get by with their physical appearance, mic abilities, and proper booking. Hence John Cena.

[claud3]

FOR IMMEDIATE RELEASE Contacts:
Investors: Michael Weitz 203-352-8642
Media: Robert Zimmerman 203-359-5131
WWE® Reports 2011 Fourth Quarter and Full Year Results

STAMFORD, Conn., February 23, 2012 - WWE (NYSE:WWE) today announced
financial results for its fourth quarter ended December 31, 2011. Revenues totaled
$112.9 million as compared to $122.5 million in the prior year quarter. Operating loss
was ($13.1) million as compared to Operating income of $14.4 million in the prior year
quarter. Net loss was ($8.6) million, or ($0.12) per share, as compared to Net income of
$8.1 million, or $0.11 per share, in the prior year quarter. Excluding the impact of film
impairments and network related expenses in the current year quarter, Adjusted
Operating income was $3.1 million as compared to $14.4 million in the prior year
quarter. Adjusted Net income was $1.8 million, or $0.02 per share, as compared to $8.1
million, or $0.11 per share, in the prior year quarter.
“In 2011, we evaluated several paths for creating new programs and distributing all of
our content in a way that optimizes its value. Executing this strategy effectively, including
the potential creation of a WWE Network, has the power to transform our business,”
stated Vince McMahon, Chairman and Chief Executive Officer. “While we made
significant progress toward this objective, our fourth quarter and full year results were
impacted primarily by three items: significant non-cash film impairment charges
stemming from the weak performance of our movie releases, strategic decisions to
withhold several hours of previously licensed television content for distribution on other
platforms, and initial start-up operating expenses associated with our emerging content
and distribution strategy. Regarding the first item, we have taken several measures to
improve the profitability of our movie business. And, regarding the other items, we
believe that our ongoing investment to expand and maximize the value of our content is
the most potent approach for driving our future earnings.”

Comparability of Results
The current year quarter results included $12.2 million in film impairment charges related
to our films The Reunion, Bending the Rules, Barricade, See No Evil, Knucklehead and
The Chaperone. In addition, the current year quarter results included approximately $4.0
million in network related expenses. In order to facilitate an analysis of our financial
results on a more comparable basis, where noted, we have adjusted our results to
exclude these items from our fourth quarter of 2011 results. Excluding the impact of
these items, Adjusted Operating income decreased to $3.1 million and Adjusted EBITDA
decreased to $7.2 million. (See Supplemental Information – Schedule of Adjustments).
1Three Months Ended December 31, 2011 – Results by Business Segment
Total revenues decreased 8% to $112.9 million driven by declines across all of our
operating segments. Revenues from North America decreased by 9%, led by declines in
our WWE Studios, Television, and WWE.com businesses. Revenues outside North
America decreased 5%, primarily due to a decline in our Licensing business, which was
partially offset by increased revenue in Live Events. Revenue from Asia Pacific and Latin
America benefited from an increase in the number and the timing of our live events.
Additionally, revenue growth in the Asia Pacific region reflected higher sales of licensed
and home video products. There was no significant impact from changes in foreign
exchange rates in the current year quarter.
The following tables reflect net revenues by segment and by region for the three months
ended December 31, 2011 and December 31, 2010. (Dollars in millions)
Three Months Ended
Net Revenues
December 31,
2011
December 31,
2010
Live and Televised Entertainment ........................ $ 81.0 $ 82.4
Consumer Products .................................................. 18.7 21.9
Digital Media............................................. ................... 8.9 10.3
WWE Studios .................................................. ............ 4.3 7.9
Total .................................................. ............................. $ 112.9 $ 122.5
Three Months Ended
Net Revenues by Region
December 31,
2011
December 31,
2010
North America ................................................. $ 78.2 $ 85.9
Europe, Middle East & Africa (EMEA) ............. 19.1 24.7
Asia Pacific (APAC) ........................................ 9.4 6.4
Latin America .................................................. 6.2 5.5
Total .................................................. .............. $ 112.9 $ 122.5

Live and Televised Entertainment
Revenues from our Live and Televised Entertainment businesses were $81.0 million for
the current quarter as compared to $82.4 million in the prior year quarter, representing a
2% decrease.
• Live Event revenues were $26.9 million as compared to $26.6 million in the prior
year quarter. Revenues increased 1% as an increase in overall average ticket prices
was offset by the occurrence of 6 fewer events in the quarter.
• There were 78 events, including 31 international events, during the current
quarter as compared to 84 events, including 26 international events, in the prior
year quarter.
2• North American events generated $12.7 million of revenues from 47 events as
compared to $13.1 million from 58 events in the prior year quarter. North
American average attendance increased 7% to approximately 6,000 from 5,600
in the prior year quarter, due in part to changes in the mix of venues. The
average ticket price for North American events was $42.87 in the current quarter
as compared to $39.31 in the prior year quarter.
• International events generated approximately $14.2 million of revenues from 31
events as compared to $13.5 million from 26 events in the prior year quarter. The
increase in revenue was primarily due to the occurrence of five more events in
the current year quarter. International average attendance decreased 16% to
6,300 from 7,500 in the prior year quarter, due in part to territory mix. Average
ticket prices were $66.27 as compared to $66.06 in the prior year quarter.
• Pay-Per-View revenues were $14.6 million as compared to $13.8 million in the prior
year quarter, reflecting a 2% increase in total pay-per-view buys. Buys for the four
comparable events in the current and prior year quarter declined 3%, but were more
than offset by an increase in prior period buys, which resulted in a 6% increase in
pay-per-view revenue.
The details for the number of buys (in 000s) are as follows:
Broadcast Month Events (in chronological order) Three Months Ended
December 31,
2011 2010
October Hell in a Cell ™ .................................................. 182 210
October Vengeance™/Bragging Rights ™ ................ 121 137
November Survivor Series ® .............................................. 281 244
December WWE TLC ™…. ................................................ 179 195
Prior events 33 (2)
Total .................................................. ................... ........................................ 796 784

• Television Rights Fees revenues were $33.9 million as compared to $35.7 million
in the prior year quarter. This decrease was primarily due to the absence of domestic
rights fees for our WWE Superstars program.
• Venue Merchandise revenues were $3.9 million as compared to $3.7 million in the
prior year quarter, as the impact of a 7% increase in domestic per capita
merchandise sales to $9.81, was partially offset by a 5% decrease in total domestic
attendance in the current year quarter.
Consumer Products
Revenues from our Consumer Products businesses decreased 15% to $18.7 million
from $21.9 million in the prior year quarter, primarily due to the performance of our
Licensing and Publishing businesses, partially offset by improved results in our Home
Video business.
3• Home Entertainment net revenues were $6.5 million as compared to $5.8 million in
the prior year quarter, representing a 12% increase that was primarily due to an
adjustment in the prior year quarter. Gross domestic retail revenue declined 14%, or
$1.8 million, due to an 8% decrease in shipments to 825,000 units and a 5% decline
in average effective prices to $13.50. The prior year quarter included an adjustment
for lower sell-through expectations of prior year releases.
• Licensing revenues were $9.5 million as compared to $12.3 million in the prior year
quarter as lower sales of toy, collectible and novelty products more than offset an
increase in video game sales. Revenues related to toys declined 15%, or $1.0
million, reflecting, in part, a challenging retail environment for certain toy categories.
Revenues from our collectible products declined due to a tough comparison to a
successful product launch in the prior year. Revenue from video games, increased
by approximately $0.4 million, led by sales of the WWE All Stars video game, which
launched in March 2011. Unit shipments of our SmackDown vs. Raw video game
decreased 51% to 162,000 units as compared to the prior year quarter.
• Magazine publishing net revenues were $2.0 million as compared to $3.1 million in
the prior year quarter, primarily reflecting lower newsstand sales in the current
quarter.

Digital Media
Revenues from our Digital Media related businesses were $8.9 million as compared to
$10.3 million in the prior year, representing a 14% decrease.
• WWE.com revenues were $2.7 million as compared to $4.5 million in the prior year
quarter, primarily reflecting a reduction in online advertising.
• WWEShop revenues were $6.2 million as compared to $5.8 million in the prior year
quarter. This was driven by a 13% increase in average revenue per order to $52.09,
partially offset by a 5% decline in the total number of orders, to approximately
120,000.
WWE Studios
Current year, we recorded revenue of $4.3 million as compared to $7.9 million in the
prior year quarter, with the decline in revenue driven by the relative performance of our
current film releases compared to the prior year quarter releases. Film profits declined
$13.2 million from the prior year quarter due to $12.2 million in non-cash film impairment
charges, primarily driven by lower DVD sales expectations associated with previous
releases, The Reunion, See No Evil, Knucklehead, The Chaperone and pending
releases, Bending the Rules and Barricade. The decline in film profits also reflected
lower receipts from our other films.
4Profit Contribution (Net revenues less cost of revenues)
Profit contribution decreased to $24.3 million in the current year quarter from $46.8
million in the prior year quarter, reflecting $12.2 million non-cash film impairment
charges and other operating factors. Excluding the impact of the film impairments,
Adjusted Profit contribution was $36.5 million in the current year quarter as compared to
$46.8 million in the prior year quarter, reflecting the absence of television rights fees for
our WWE Superstars program, a reduction in toy and collectibles licensing revenue, and
increased Pay-Per-View production and marketing costs. Gross profit margin decreased
to approximately 22% from 38% in the prior year quarter, primarily driven by the
performance of our film business. Adjusted profit margins were 32% as compared to
38% in the prior year quarter reflecting lower television and licensing revenues, which
have high variable margins, as well as the increase in pay-per-view costs.
Selling, general and administrative expenses
SG&A expenses were $33.3 million for the current year quarter as compared to $29.2
million in the prior year quarter, led by increases in staffing related costs, including
salary, benefits, and recruitment, as well as higher professional fees, due in part to the
potential creation of a WWE Network. Network related expenses were approximately
$4.0 million in the current year quarter.
Depreciation and amortization
Depreciation and amortization expense was $4.1 million for the current year quarter as
compared to $3.2 million in the prior year quarter.

EBITDA
EBITDA reflected a loss of ($9.0) million in the current year quarter as compared to a
profit of $17.6 million in the prior year quarter. The EBITDA decline was primarily driven
by the change in profit contribution as described above. Adjusted EBITDA (which
excludes the film impairment charges and network related expenses in the current year
quarter) decreased to $7.2 million in the current year quarter as compared to $17.6
million in the prior year quarter, also driven by the change in profit contribution.
Investment and Other (Expense) Income
Investment income was $0.6 million in the current year quarter as compared to $0.5
million in the prior year quarter. Other expense was $0.5 million in the current year
quarter as compared to $0.9 million in the prior year quarter, reflecting foreign exchange
losses of $0.2 million in the current year quarter as compared to foreign exchange loss
of $0.4 million in the prior year quarter.
5Effective tax rate
In the current year quarter, the effective tax rate was 35% as compared to 42% in the
prior year quarter. The prior year rate was negatively impacted by a $0.8 million
adjustment due to lower than expected deductions for qualified production activities as a
result of changes in the tax code in late 2010.
Summary Results for the Year Ended December 31, 2011
Total revenues for the year ended December 31, 2011 were $483.9 million as compared
to $477.7 million in the prior year. Operating income was $37.0 million as compared to
$82.3 million in the prior year. Net income was $24.8 million, or $0.33 per share, as
compared to $53.5 million, or $0.71 per share, in the prior year. EBITDA was $52.0
million for the current year as compared to $94.0 million in the prior year. Excluding
items that impact comparability, Adjusted Operating income for the current year was
$64.4 million as compared $82.3 million in the prior year (See Supplemental Information
– Schedule of Adjustments). Adjusted Net income was $43.3 million, or $0.58 per share,
as compared to $53.5 million, or $0.71 per share, in the prior year. Adjusted EBITDA
was $79.4 million for the current year as compared to $94.0 million in the prior year.
The following charts reflect net revenues by segment and by geographical region for the
year ended December 31, 2011 and December 31, 2010. (Dollars in millions)
Net Revenues by Segment

Twelve Months Ended
December 31,
2011
December 31,
2010
Live and Televised Entertainment .............. $ 340.0 $ 331.8
Consumer Products ................................... 94.9 97.4
Digital Media .............................................. 28.1 28.9
WWE Studios ............................................. 20.9 19.6
Total .................................................. ......... $ 483.9 $ 477.7
Revenues increased 1% led by our Live and Televised Entertainment segment primarily
reflecting the impact of WrestleMania. Growth in Pay-Per-View and Licensing was offset
by the absence of two hours of television programming and declines across our other
businesses. The decline in Television Advertising reflects a new agreement with a
Canadian television distributor. We receive television rights fees rather than advertising
revenue under the new agreement.
6Net Revenues by Region
Twelve Months Ended
December 31,
2011
December 31,
2010
North America ............................................ $ 350.5 $ 342.4
Europe, Middle East & Africa (EMEA) ........ 76.1 80.3
Asia Pacific (APAC) ................................... 38.7 35.6
Latin America ............................................. 18.6 19.4
Total .................................................. ......... $ 483.9 $ 477.7

Revenues from North America increased 2% led by higher Pay-Per-View and Licensing
revenues reflecting the impact of WrestleMania and an additional video game,
respectively. This was partially offset by the absence of domestic television rights fees
for NXT and Superstars and lower WWE.com revenues primarily driven by lower
advertising sales.
Revenues from outside North America were essentially flat to the prior year as lower
sales of licensed toy, collectible and home video products were offset by contractual
expansion of television rights fees and increased pay-per-view buy rates, primarily in our
Asia Pacific markets. The current year also benefited from a $3.4 million favorable
impact from changes in foreign exchange rates.
Live and Televised Entertainment
Revenues from our Live and Televised Entertainment businesses were $340.0 million for
the current year as compared to $331.8 million in the prior year, an increase of 2%.
December 31,
2011

December 31,
2010
Live Events ............................................. $ 104.7 $ 104.6
Pay-Per-View ......................................... $ 78.3 $ 70.2
Venue Merchandise ............................... $ 18.3 $ 18.4
Television Rights Fees ............................ $ 131.5 $ 127.0
Television Advertising ............................ $ 1.1 $ 5.9
WWE Classics On Demand .................... $ 4.6 $ 4.6
Consumer Products
Revenues from our Consumer Products businesses were $94.9 million as compared to
$97.4 million in the prior year, a decrease of 3%.
7December 31,
2011

December 31,
2010
Home Video ........................................... $ 30.4 $ 32.1
Licensing ............................................ $ 54.4 $ 51.7
Magazine Publishing .............................. $ 7.7 $ 11.0
Digital Media
Revenues from our Digital Media related businesses were $28.1 million as compared to
$28.9 million in the prior year, a decrease of 3%.
December 31,
2011

December 31,
2010
WWE.com ............................................ $ 12.5 $ 14.9
WWEShop ............................................. $ 15.6 $ 14.0
WWE Studios
During the current year, WWE Studios recognized revenue of $20.9 million as compared
to $19.6 million in the prior year, with the growth in revenue driven by an increase in the
number of film releases (four in the current year, namely, The Chaperone, That’s What I
Am, Inside Out and The Reunion, compared to two in the prior year). Lower than
anticipated performance of several films contributed to revised ultimate projections for
current and pending releases, which resulted in $23.4 million of impairment charges.
Film profits declined $28.0 million from the prior year driven by the film impairment
charges and the increased distribution expenses associated with the higher number of
releases under our self-distribution model in the current year as compared to the prior
year.
Profit Contribution (Net revenues less cost of revenues)
Profit contribution decreased to $168.7 million in the current year as compared to $203.4
million in the prior year primarily driven by the performance of our WWE Studios
business and the absence of domestic television rights fees for our NXT™ and WWE
Superstars programs. Adjusted Profit contribution (excluding the film impairment charges
in the current year) decreased 6% to $192.1 million from the prior year as increased
profits from Live Events and Licensing were more than offset by the absence of the
domestic television rights fees as discussed above. Adjusted Profit contribution margin
declined to approximately 40% as compared to 43% in the prior year period, primarily
reflecting the resulting change in product mix.
8Selling, general and administrative expenses
SG&A expenses were $116.7 million for the current year as compared to $109.4 million
in the prior year. This increase was due in part to network related costs, which were
approximately $4.0 million in the current year. Excluding the network costs, Adjusted
SG&A expenses increased 3% to $112.7 million, as increases in staff related costs,
including $3.0 million in severance expenses, $2.3 million of higher legal and trademark
costs and increased marketing spend were partially offset by an $8.3 million reduction in
management incentive compensation (including stock compensation).

EBITDA
EBITDA for the current year decreased to approximately $52.0 million as compared to
$94.0 million in the prior year, reflecting lower profit contribution and higher SG&A
expenses as described above. Adjusted EBITDA (excluding the film impairment charges
and network expenses in the current year) declined to $79.4 million from $94.0 million in
the prior year.
Investment and Other Income (Expense)
Investment income, net was $2.1 million as compared to $2.0 million in the prior year.
Other expense of $1.6 million in the current year as compared to $2.1 million in the prior
year primarily reflects the impact of realized foreign exchange gains and losses and the
revaluation of warrants. In the current year, we recorded $0.4 million of foreign exchange
losses as compared to losses of $1.3 million in the prior year. In the prior year, we
recorded a gain of $0.6 million relating to the revaluation of warrants.
Effective tax rate
The effective tax rate was 33% in the current year as compared to 35% in the prior year.
The decrease in our current period tax rate from our anticipated rate of 35% was
primarily due to a $1.6 million benefit relating to qualified domestic production
activities. Additionally, rates were positively impacted by the recognition of tax benefits
previously unrecognized of $0.6 million and $1.3 million for the current year and prior
year, respectively. These benefits were primarily a result of the statute of limitations
expiring in jurisdictions where the Company had previously taken uncertain tax positions.
Cash Flows
Net cash provided by operating activities was $63.2 million for the year ended December
31, 2011 as compared to $39.8 million in the prior year. This increase was primarily
driven by a $37 million reduction in feature film production spending, which was partially
offset by the impact of $15 million in advances received from a licensee in the prior year.
Capital expenditures increased to $28.0 million in the current year from $12.3 million in
the prior year, primarily due to a $15.5 million investment in assets to support our effort
to create and distribute new content, including through a potential network.
9Additional Information

Additional business metrics are made available to investors on a monthly basis on our
corporate website – corporate.wwe.com.
Note: WWE will host a conference call on February 23, 2012 at 11:00 a.m. ET to discuss
the Company’s earnings results for the fourth quarter of 2011. All interested parties can
access the conference call by dialing 855-993-1400 (conference ID: WWE). Please
reserve a line 15 minutes prior to the start time of the conference call. A presentation
that will be referenced during the call can be found at the Company web site at
corporate.wwe.com. A replay of the call will be available approximately three hours after
the conference call concludes, and can be accessed at corporate.wwe.com.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization
and recognized leader in global entertainment. The company consists of a portfolio of
businesses that create and deliver original content 52 weeks a year to a global
audience. WWE is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms. WWE programming
is broadcast in more than 145 countries and 30 languages and reaches more than 500
million homes worldwide. The company is headquartered in Stamford, Conn., with
offices in New York, Los Angeles, London, Mumbai, Shanghai, Singapore, Istanbul and
Tokyo. Additional information on WWE (NYSE: WWE) can be found at wwe.com and
corporate.wwe.com. For information on our global activities, go to
http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other
trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and
uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and
renewing key agreements, including television and pay-per-view programming distribution agreements; the
need for continually developing creative and entertaining programming; the continued importance of key
performers and the services of Vincent McMahon; the conditions of the markets in which we compete and
acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad
debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive
nature of our markets; uncertainties associated with international markets; the importance of protecting our
intellectual property and complying with the intellectual property rights of others; risks associated with
producing and travelling to and from our large live events, both domestically and internationally; the risk of
accidents or injuries during our physically demanding events; risks relating to our film business; risks relating
to increasing content production for distribution on various platforms, including the potential creation of a
WWE network; risks relating to our computer systems and online operations; risks relating to the large
number of shares of common stock controlled by members of the McMahon family and the possibility of the
sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small
public float of our stock; and other risks and factors set forth from time to time in Company filings with the
Securities and Exchange Commission. Actual results could differ materially from those currently expected or
anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our
liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our
financial results and condition, contractual and legal restrictions on the payment of dividends, general
economic and competitive conditions and such other factors as our Board of Directors may consider
relevant.
10WWE
Consolidated Income Statements
(in thousands, except per share data)
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2011 2010 2011 2010
Net revenues .................................................. ........................................... $ 112,942 $122,524 $ 483,921 $ 477,655
Cost of revenues .................................................. ..................................... 88,652 75,756 315,183 274,298
Selling, general and administrative expenses ...................................... 33,254 29,108 116,739 109,392
Depreciation and amortization .................................................. .............. 4,108 3,246 14,980 11,707
Operating (loss) income .................................................. ......................... (13,072) 14,414 37,019 82,258
Investment income, net .................................................. ......................... 596 543 2,054 2,047
Interest expense .................................................. ................................... (377) (5) (623) (260)
Other expense, net .................................................. ............................... (487) (932) (1,569) (2,105)
(Loss) income before income taxes .................................................. .... (13,340) 13,967 36,881 81,940
(Benefit) provision for income taxes .................................................. ... (4,711) 5,840 12,049 28,488
Net (loss) income .................................................. .................................... ($ 8,629) $ 8,127 $ 24,832 $ 53,452
(Loss) earnings per share:
Basic .................................................. .................................................. . ($ 0.12) $ 0.11 $ 0.33 $ 0.72
Diluted .................................................. ................................................. ($ 0.12) $ 0.11 $ 0.33 $ 0.71
Weighted average common shares outstanding:
Basic .................................................. .................................................. 74,418 74,957 74,212 74,570
Diluted .................................................. ................................................. 74,763 75,406 74,858 75,306

11WWE
Consolidated Balance Sheets
(in thousands)
(Unaudited)
As of As of
Dec. 31, Dec. 31,
2011 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents .................................................. ........................... $ 52,491 $ 69,823
Short-term investments .................................................. ................................. 103,270 97,124
Accounts receivable, net .................................................. ............................... 56,741 52,051
Inventory .................................................. .................................................. ........ 1,658 2,087
Deferred income tax assets .................................................. .......................... 11,122 17,128
Prepaid expenses and other current assets ................................................. 14,461 20,856
Total current assets .................................................. .................................. 239,743 259,069
PROPERTY AND EQUIPMENT, NET .................................................. .............. 96,562 80,995
FEATURE FILM PRODUCTION ASSETS, NET............................................... 23,591 56,253
INVESTMENT SECURITIES .................................................. ............................. 10,156 15,037
OTHER ASSETS .................................................. ................................................. 8,572 4,375
TOTAL ASSETS .................................................. .................................................. $ 378,624 $ 415,729
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:

Current portion of long-term debt .................................................. ................. $ 1,262 $ 1,169
Accounts payable .................................................. ........................................... 15,897 18,441
Accrued expenses and other liabilities .................................................. ........ 30,386 24,478
Deferred income .................................................. ............................................. 21,709 28,323
Total current liabilities....................................... .......................................... 69,254 72,411
LONG-TERM DEBT 359 1,621
NON-CURRENT TAX LIABILITIES 5,634 15,068
NON-CURRENT DEFERRED INCOME 8,234 9,881
STOCKHOLDERS' EQUITY:
Class A common stock .................................................. .................................. 283 275
Class B common stock .................................................. .................................. 462 465
Additional paid-in capital .................................................. ............................... 338,414 336,592
Accumulated other comprehensive income ................................................ 3,262 3,144
Accumulated deficit .................................................. ........................................ (47,27) (23,72)
Total stockholders' equity .................................................. ........................ 295,143 316,748
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .................................. $ 378,624 $ 415,729

12WWE
Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Twelve Months Ended
Dec. 31, Dec. 31,
2011 2010
OPERATING ACTIVITIES:
Net income .................................................. .................................................. ............ $ 24,832 $ 53,452
Adjustments to reconcile net income to net cash provided by
operating activities:
Amortization and impairments of feature film production assets .......................... 39,742 13,000
Revaluation of warrants .................................................. ..................................... - (610)
Depreciation and amortization .................................................. ............................ 14,980 11,707
Realized gain on sale of investments .................................................. ................. (142) (53)
Amortization of bond premium .................................................. ........................... 2,580 1,827
Amortization of debt issuance costs .................................................. ................... 205 -
Stock compensation costs .................................................. ................................. 2,868 7,579
(Recovery) provision for doubtful accounts .................................................. ........ (692) 774
Loss on disposal of property and equipment .................................................. ...... 1,376 -
Benefit from deferred income taxes .................................................. .................. (6,424) (2,410)
Excess tax benefit from stock-based payment arrangements ............................. (122) (2,75)

Changes in assets and liabilities:
Accounts receivable .................................................. ...................................... (1,915) 9,908
Inventory .................................................. .................................................. ..... 429 95
Prepaid expenses and other current assets .................................................. .. 4,770 (14,645)
Feature film production assets .................................................. ...................... (7,097) (32,535)
Accounts payable .................................................. .......................................... (2,544) (2,841)
Accrued expenses and other liabilities .................................................. .......... (1,399) (14,760)
Deferred income .................................................. ............................................ (8,261) 12,074
Net cash provided by operating activities .................................................. . 63,186 39,804
INVESTING ACTIVITIES:
Purchase of property and equipment and other assets ............................................. (27,956) (12,314)
Proceeds from infrastructure incentives .................................................. .................. - 4,130
Purchase of short-term investments .................................................. ........................ (47,904) (96,751)
Proceeds from sales or maturities of investments .................................................. ... 45,148 64,553
Net cash used in investing activities (30,712) (40,382)
FINANCING ACTIVITIES:
Repayments of long-term debt .................................................. ................................ (1,169) (1,082)
Debt issuance costs .................................................. ................................................ (1,843) -
Dividends paid.............................................. .................................................. ........... (47,809) (83,643)
Issuance of stock, net .................................................. ............................................. 893 1,022
Proceeds from exercise of stock options .................................................. ................. - 1,562
Excess tax benefit from stock-based payment arrangements ................................... 122 2,758
Net cash used in financing activities .................................................. ....... (49,806) (79,383)
NET DECREASE IN CASH AND CASH EQUIVALENTS ......................................... (17,332) (79,961)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ................................ 69,823 149,784
CASH AND CASH EQUIVALENTS, END OF PERIOD ............................................ $ 52,491 $ 69,823

13WWE
Supplemental Information - EBITDA
(in thousands)
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2011 2010 2011 2010
Net (loss) income reported on U.S. GAAP basis ....... ($ 8,629) $ 8,127 $ 24,832 $ 53,452
(Benefit) provision for income taxes ............................ (4,711) 5,840 12,049 28,488
Investment, interest and other expense (income),
net .................................................. ................................... 267 447 138 318
Depreciation and amortization ...................................... 4,108 3,246 14,980 11,707
EBITDA .................................................. .......................... ($ 8,965) $ 17,660 $ 51,999 $ 93,965
Non-GAAP Measure:

EBITDA is defined as net income before investment, interest and other expense/income,
income taxes, depreciation and amortization. The Company’s definition of EBITDA does
not adjust its U.S. GAAP basis earnings for the amortization of Feature Film production
assets. Although it is not a recognized measure of performance under U.S. GAAP,
EBITDA is presented because it is a widely accepted financial indicator of a company’s
performance. The Company uses EBITDA to measure its own performance and to set
goals for operating managers. EBITDA should not be considered as an alternative to net
income, cash flows from operations or any other indicator of WWE’s performance or
liquidity, determined in accordance with U.S. GAAP.

14WWE
Supplemental Information – Schedule of Adjustments
(in millions)
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2011 2010 2011 2010
Profit contribution .................................................. .......... $ 24.3 $ 46.8 $ 168.7 $ 203.4
Adjustments (Added back):
Film impairments .................................................. .... 12.2 - 23.4 -
Adjusted Profit contribution ...................................... $ 36.5 $ 46.8 $ 192.1 $ 203.4
Selling, general and administrative expenses ............ 33.3 29.2 116.7 109.4
Adjustments (Added back):
Network related expenses ........................................ (4.0) - (4.0) -
Adjusted Selling, general and administrative
expenses .................................................. ....................... $ 29.3 $ 29.2 $ 112.7 $ 109.4
Depreciation and amortization ...................................... 4.1 3.2 15.0 11.7
Operating (loss) income ................................................. ($ 13.1) $ 14.4 $ 37.0 $ 82.3
Adjusted Operating income ....................................... $ 3.1 $ 14.4 $ 64.4 $ 82.3
EBITDA .................................................. .......................... ($ 9.0) $ 17.6 $ 52.0 $ 94.0
Adjusted EBITDA .................................................. ........ $ 7.2 $ 17.6 $ 79.4 $ 94.0

Non-GAAP Measure:
Adjusted Profit contribution, Adjusted Operating income, Selling, general and
administrative expenses and Adjusted EBITDA exclude certain material items, which
otherwise would impact the comparability of results between periods. These should not
be considered as an alternative to net income, cash flows from operations or any other
indicator of WWE’s performance or liquidity, determined in accordance with U.S. GAAP.
15WWE
Supplemental Information – Schedule of Adjustments
(in millions, except per share data)
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2011 2010 2011 2010
Operating (loss) income ................................................. ($ 13.1) $ 14.4 $ 37.0 $ 82.3
Adjustments (Added back):
Film impairments 12.2 - 23.4 -
Network related expenses 4.0 - 4.0 -
Adjusted Operating income ....................................... $ 3.1 $ 14.4 $ 64.4 $ 82.3
Investment, interest and other (expense) income,
net .................................................. ................................... (0.3) (0.5) (0.1) (0.4)
Adjusted Income before taxes ...................................... $ 2.8 $ 13.9 $ 64.3 $ 81.9
Adjusted (Benefit) provision for taxes .......................... (1.0) (5.) (21.0) (28.4)
Adjusted Net income .................................................. . $ 1.8 $ 8.1 $ 43.3 $53.5
Adjusted Earnings per share:
Basic .................................................. ....................... $ 0.02 $ 0.11 $ 0.58 $ 0.72
Diluted .................................................. ..................... $ 0.02 $ 0.11 $ 0.58 $ 0.71
Weighted average common shares outstanding:
Basic .................................................. ........................ 74,418 74,957 74,212 74,570
Diluted .................................................. ...................... 74,763 75,406 74,858 75,306
Non-GAAP Measure:
Adjusted Operating income, Adjusted Net income and Adjusted Earnings per
share exclude certain material items, which otherwise would impact the comparability of
results between periods. These should not be considered as an alternative to net
income, cash flows from operations or any other indicator of WWE’s performance or
liquidity, determined in accordance with U.S. GAAP.

1617
WWE
Supplemental Information- Free Cash Flow
(in thousands)
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2011 2010 2011 2010
Net cash provided by operating activities .................................... $ 15,381 $ 11,896 $ 63,186 $ 39,804
Less cash used in capital expenditures:
Purchase of property and equipment ................................... (17,479) (3,184) (26,162) (12,254)
Proceeds from infrastructure incentives .............................. - - - 4,130
Purchase of other assets .................................................. ..... (11) - (1,794) (60)
Free Cash Flow .................................................. .............................. ($ 2,109) $ 8,712 $ 35,230 $ 31,620
Non-GAAP Measure:
We define Free Cash Flow as net cash provided by operating activities less cash used
for capital expenditures. Although it is not a recognized measure of liquidity under U.S.
GAAP, Free Cash Flow provides useful information regarding the amount of cash our
continuing business is generating after capital expenditures, available for reinvesting in
the business and for payment of dividends.

Link: http://ir.corporate.wwe.com/Cache/15...FID=1500039670

The Above link is to the WWE Corporation Press Release of the financial results and it has all the info you need on how the company is doing and this will spell out the raise and fall of the WWE in PG and expansion failures i.e MUSIC, FILMS ETC...

As you can see from the large quote their. The WWE is losing ground in everything and i mean everything, they can not produce a great movie, they can not produce great music now a days and the other expansions are a complete failure. Beside the charities, Stop Bullying and the dream foundations and the WWE SHOP. They i am for

But the other stuff is far to much and they need to pull back and drop all the other crap and refocus their main gold and that is us the fans... Bring us back and drop this PG shit and make the WWE what it really was the WWF again. You know what i mean

Link: http://corporate.wwe.com/

This above link is the WWE Corporate website, that holds all info you want to know about the WWE business, but not all the secrets you want to know

[XMW]

Link: http://ir.corporate.wwe.com/Cache/15...FID=1500039670

The Above link is to the WWE Corporation Press Release of the financial results and it has all the info you need on how the company is doing and this will spell out the raise and fall of the WWE in PG and expansion failures i.e MUSIC, FILMS ETC...

As you can see from the large quote their. The WWE is losing ground in everything and i mean everything, they can not produce a great movie, they can not produce great music now a days and the other expansions are a complete failure. Beside the charities, Stop Bullying and the dream foundations and the WWE SHOP. They i am for

But the other stuff is far to much and they need to pull back and drop all the other crap and refocus their main gold and that is us the fans... Bring us back and drop this PG shit and make the WWE what it really was the WWF again. You know what i mean

Link: http://corporate.wwe.com/

This above link is the WWE Corporate website, that holds all info you want to know about the WWE business, but not all the secrets you want to know

Sorry bro, but I think you're shooting it a bit out of proportion lol. WWE is still making millions, these numbers don't form any fall or demise for the WWE for the forseeable future. Not to mention that financial report you linked is kinda old already and has been discussed by Vince himself (hence the note saying "WWE will host a conference call on February 23, 2012 at 11:00 a.m. ET to discuss the Company’s earnings results for the fourth quarter of 2011.")

Not trying to bash you claud, just saying it as I see it, plus more and more people seem to see WWE shutting down in a couple years which I think is unwarrented..

[yourmumsface17]

Cena claims he could have been fired 10 years ago.. hmmm

This is going to be my face when Cena wins on Sunday

[Molo316]

Cena claims he could have been fired 10 years ago.. hmmm

This is going to be my face when Cena wins on Sunday

Yeah. Apparently when it was all about Lesnar, Cena was just days away from being released. However, apparently Stephanie heard him rapping backstage and thought they'd go with it.

[claud3]

Sorry bro, but I think you're shooting it a bit out of proportion lol. WWE is still making millions, these numbers don't form any fall or demise for the WWE for the forseeable future. Not to mention that financial report you linked is kinda old already and has been discussed by Vince himself (hence the note saying "WWE will host a conference call on February 23, 2012 at 11:00 a.m. ET to discuss the Company’s earnings results for the fourth quarter of 2011.")

Not trying to bash you claud, just saying it as I see it, plus more and more people seem to see WWE shutting down in a couple years which I think is unwarrented..

Ok i get what you are saying i do... But i feel in my opinion the WWE will FALL once more and will never get back its FANS respect again. They need to stop all this corporate branching crap and focus on just wrestling and not selling out, just like all forms of entertaining does. Stick to your own brand and never try things that are still failing

Anyone remember the XFL...

[Yuuichi]

Yea those numbers may be old but a profit loss is still a profit loss in the buisness world. They lost money and want to launch a network which makes no sense. Should be gaining money then launch a network. That network is either going to make or break WWE.

[Suley]

Honestly, my biggest worry for WM28 is Big show winning. Firstly, he doesn't need the intercontinental title and it would halt Rhodes' momentum. Show should just retire.

[Molo316]

Honestly, my biggest worry for WM28 is Big show winning. Firstly, he doesn't need the intercontinental title and it would halt Rhodes' momentum. Show should just retire.

I'm just hoping that if Show does indeed win, Rhodes will be pushed into the World Title picture, along with Wade Barrett, who is apparently set to win the Money In The Bank match at SummerSlam.

I don't know if there is legitimate beef here, but seeing and hearing Stone Cold swear like this is quite a rush and hilarious!



Imagine if they let him and Punk cut promos like this!!!

[XMW]

Yea those numbers may be old but a profit loss is still a profit loss in the buisness world. They lost money and want to launch a network which makes no sense. Should be gaining money then launch a network. That network is either going to make or break WWE.

Yes, but WWE spend millions on digitalizing their video library and getting their shit together for the network, that's where a big part of the profit loss comes from in the first place..

[mankind]

WWE Video - Inside Punk's tour bus



WWE Video - Triple H training video

[claud3]

Yes, but WWE spend millions on digitalizing their video library and getting their shit together for the network, that's where a big part of the profit loss comes from in the first place..

Ok maybe so, but the numbers speak volumes... And when they are low you have to wonder what is next, yes we all agree the WWE is making money. But they are losing more then they can make in some if not all their ventures.. You must agree on that one though

Unless they make a true profit on this WM28 or this year, a profit of solid gains and not so many under preforming. Then they can survive... But its hard for a company to be so big and be around for so long and not think its time to pull in the branches of the monopoly tree a wee bit. You know what i mean

[Molo316]

[claud3]

Looks like an awsome set up and i would love to have went, i wonder how many can fit in that stadium now with that set up there

[XMW]

Molo, I posted that picture on the previous page too. Doesn't really matter though, it's a nice picture - and like I said I hope those big Wrestlemania letters will have like a neon glow, that'll look great at night.

[XMW]

Double post but it's worth it.

Holy fuck, just read there might be a huge surprise in 2 days at WM28, turns out I was wrong on this situation!

I really, really hope this is true and it happens it would make this WM fucking amazing - not holding my breath on it though, dont want to set myself up for dissapointment. Also maybe an idea to keep anything concerning this spoiler in spoiler tags in case someone doesnt want to be spoiled..

Both F4WOnline.com and PWInsider.com are reporting that Brock Lesnar is in negotiations with WWE to make a surprise appearance at Sunday's WrestleMania XXVIII pay-per-view event at Sun Life Stadium in Miami, Florida. Negotiations are ongoing, but a source within the company says that there is a 50-50 chance that Lesnar will appear on the show.

The source went on to state that WWE wants Lesnar to appear and is hoping that a deal can be finalized within the next 24 hours.

Ultimate Fighting Championship President Dana White confirmed to F4WOnline.com that Lesnar is legally able to appear at WrestleMania on Sunday since he is no longer under contract to the organization. White was not aware if Lesnar was appearing on the show.

I just checked PWInsider, and the same headline is indeed up on their elite page. (alot of rumor sites like NoDQ have the tendency to make reports in the name of Wrestling Observer, F4W and PWI even though they never reported it).

EDIT:
"-- Figure Four Weekly writer Bryan Alvarez stated Friday afternoon on Twitter that a 'big name' is in Miami, Florida for this weekend's WrestleMania XXVIII festivities.

"So there is a big name here in Miami this weekend. #WrestleMania," he wrote."

EDIT2:

That twitter quote is likely just referring to Batista being in Miami to see Ric Flair get inducted I'd say

It'd be awesome if Cena beat Rock clean (to get that out of the way), crowd booing the shit out of Cena, Cena celebrates - maybe a handshake with Rock and suddenly Lesnars music hits with him appearing on the ramp.
Main event set for next year: Cena vs Lesnar

Rock vs Lesnar or Undertaker vs Lesnar would be great too..

[Molo316]

Double post but it's worth it.

Holy fuck, just read there might be a huge surprise in 2 days at WM28, turns out I was wrong on this situation!

I really, really hope this is true and it happens it would make this WM fucking amazing - not holding my breath on it though, dont want to set myself up for dissapointment. Also maybe an idea to keep anything concerning this spoiler in spoiler tags in case someone doesnt want to be spoiled..

Both F4WOnline.com and PWInsider.com are reporting that Brock Lesnar is in negotiations with WWE to make a surprise appearance at Sunday's WrestleMania XXVIII pay-per-view event at Sun Life Stadium in Miami, Florida. Negotiations are ongoing, but a source within the company says that there is a 50-50 chance that Lesnar will appear on the show.

The source went on to state that WWE wants Lesnar to appear and is hoping that a deal can be finalized within the next 24 hours.

Ultimate Fighting Championship President Dana White confirmed to F4WOnline.com that Lesnar is legally able to appear at WrestleMania on Sunday since he is no longer under contract to the organization. White was not aware if Lesnar was appearing on the show.

I just checked PWInsider, and the same headline is indeed up on their elite page. (alot of rumor sites like NoDQ have the tendency to make reports in the name of Wrestling Observer, F4W and PWI even though they never reported it).

EDIT:
"-- Figure Four Weekly writer Bryan Alvarez stated Friday afternoon on Twitter that a 'big name' is in Miami, Florida for this weekend's WrestleMania XXVIII festivities.

"So there is a big name here in Miami this weekend. #WrestleMania," he wrote."

EDIT2:

That twitter quote is likely just referring to Batista being in Miami to see Ric Flair get inducted I'd say

It'd be awesome if Cena beat Rock clean (to get that out of the way), crowd booing the shit out of Cena, Cena celebrates - maybe a handshake with Rock and suddenly Lesnars music hits with him appearing on the ramp.
Main event set for next year: Cena vs Lesnar

Rock vs Lesnar or Undertaker vs Lesnar would be great too..

Sorry about that - I missed it [the picture].

Yeah, I heard about this potential appearance the other day. It sounds too good to be true, but I will mark-out like a prat if it actually happens.

I made a new video today. It's my predictions for WrestleMania this Sunday, and I mention the potential spoiler that X-Men_Wolverine posted, so be weary of it... if you watch it though, it's appreciated.

[yourmumsface17]

Apparemtly lesnar is there, potential. Huge spoiler comimg up.....

....
Batista has arrived and Wwe officials picked him up

Sent from my LT26i using Tapatalk 2 Beta-4

[XMW]

Nice predictions Molo. I agree on most things you said, I also think the GM storyline will play out some longer instead of ending at WM, I just hope it doesn't drag on like the Cole vs Lawler storyline last year because I'm actually enjoying this one alot.

Since I doubt there will be any new matches added to the main card here are my predictions:

No spoilers in my prediction but I didn't want my post to get too long/stretch the page.

Pre-Show match


Tag Team Triple Threat match for the WWE Tag Team Titles:
Primo & Epico vs Justin Gabriel & Tyson Kidd vs The Uso's

Hope: Justin Gabriel & Tyson Kidd
Think: Primo & Epico



Kelly/Maria vs Eve/Beth

Hope: Eve/Beth
Think: Kelly/Maria



Kane vs Randy Orton

Hope: Orton
Think: Orton



Team Excitement vs Team Teddy

Hope: Team Excitement
Think: Team Excitement



Intercontinental title match:
Cody Rhodes vs Big Show

I really don't care for this match at all, but I'll pick Big Show to win it to have his WM moment.



World Heavyweight Title match:
Sheamus vs Daniel Bryan

I've seen people on different forums say Sheamus has to win otherwise the Royal Rumble will have lost all its prestige (no RR winner has gone on to win at WM since 2007), I disagree with that and even though I'm almost 100% sure Sheamus is gonna win I'm still going with DB winning...

Hope: Daniel Bryan
Think: Daniel Bryan



WWE title match:
CM Punk vs Chris Jericho

Hope: CM Punk
Think: CM Punk



Hell In A Cell Match - Special Referee: Shawn Michaels
Undertaker vs Triple H

Hope: Undertaker
Think: Undertaker (no way in hell is the streak gonna end)



John Cena vs The Rock

Hope: The Rock
Think: John Cena

Also here's another picture of the WM stage with lights on, it looks pretty good, resembles the Raw stage a bit (too) much though..

[claud3]

With all these spoilers

I do not see them being used for the end result of any matches at WM28