Warner Music Group Corp. (WMG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1633 BROADWAY NEW YORK, NY 10019 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 79 - Amusement And Recreation Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 754 | 641 | 584 | 499 | 553 | 619 | |||
| Cash and cash equivalents | 754 | 641 | 584 | 499 | 553 | 619 | |||
| Receivables | 1,195 | 1,120 | 984 | 839 | 771 | 775 | |||
| Inventory, net of allowances, customer advances and progress billings | 106 | 126 | 108 | 99 | 79 | 74 | |||
| Inventory | 106 | 126 | 108 | 99 | 79 | 74 | |||
| Advance royalties | 453 | 413 | 372 | 373 | 220 | 170 | |||
| Other undisclosed current assets | 108 | 102 | 91 | 86 | 55 | 53 | |||
| Total current assets: | 2,616 | 2,402 | 2,139 | 1,896 | 1,678 | 1,691 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 242 | 245 | 226 | 268 | 273 | ||||
| Property, plant and equipment | 466 | 458 | 415 | 364 | 331 | 300 | |||
| Intangible assets, net (including goodwill) | 4,556 | 4,495 | 4,304 | 4,001 | 3,638 | 3,635 | |||
| Goodwill | 2,015 | 1,993 | 1,920 | 1,830 | 1,831 | 1,761 | |||
| Intangible assets, net (excluding goodwill) | 2,541 | 2,502 | 2,384 | 2,171 | 1,807 | 1,874 | |||
| Advance royalties | 755 | 688 | 503 | 457 | 269 | 208 | |||
| Deferred income tax assets | 31 | 32 | 29 | 31 | 68 | 38 | |||
| Other noncurrent assets | 325 | 225 | 212 | 194 | 153 | 145 | |||
| Total noncurrent assets: | 6,375 | 6,143 | 5,689 | 5,315 | 4,732 | 4,326 | |||
| TOTAL ASSETS: | 8,991 | 8,545 | 7,828 | 7,211 | 6,410 | 6,017 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 784 | 833 | 742 | 777 | 676 | 786 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 17 | 14 | 30 | 34 | ||
| Accounts payable | 246 | 300 | 268 | 302 | 264 | 260 | |||
| Accrued liabilities | 538 | 533 | 457 | 461 | 382 | 492 | |||
| Deferred revenue | 305 | 371 | 423 | 348 | 297 | 180 | |||
| Deferred compensation liability | 108 | ||||||||
| Other liabilities | 124 | 57 | 245 | 102 | 80 | 286 | |||
| Other undisclosed current liabilities | 2,532 | 2,278 | 1,958 | 1,923 | 1,667 | 1,459 | |||
| Total current liabilities: | 3,745 | 3,539 | 3,368 | 3,150 | 2,720 | 2,819 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,004 | 3,964 | 3,973 | 3,633 | 3,403 | 2,974 | |||
| Long-term debt, excluding current maturities | 4,004 | 3,964 | 3,732 | 3,346 | 3,104 | 2,974 | |||
| Liabilities, other than long-term debt | 626 | 612 | 319 | 382 | 332 | 493 | |||
| Deferred income tax liabilities | 223 | 216 | 220 | 207 | 163 | 172 | |||
| Other liabilities | 154 | 141 | 99 | 175 | 169 | 321 | |||
| Operating lease, liability | 249 | 255 | 241 | 287 | 299 | ||||
| Total noncurrent liabilities: | 4,630 | 4,576 | 4,292 | 4,015 | 3,735 | 3,467 | |||
| Total liabilities: | 8,375 | 8,115 | 7,660 | 7,165 | 6,455 | 6,286 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 463 | 307 | 152 | 31 | (63) | (289) | |||
| Additional paid in capital | 2,039 | 2,015 | 1,975 | 1,942 | 1,907 | 1,128 | |||
| Accumulated other comprehensive loss | (260) | (322) | (347) | (202) | (222) | (240) | |||
| Accumulated deficit | (1,317) | (1,387) | (1,477) | (1,710) | (1,749) | (1,177) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | ||||
| Equity, attributable to noncontrolling interest | 153 | 123 | 16 | 15 | 18 | 20 | |||
| Total equity: | 616 | 430 | 168 | 46 | (45) | (269) | |||
| TOTAL LIABILITIES AND EQUITY: | 8,991 | 8,545 | 7,828 | 7,211 | 6,410 | 6,017 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,297 | 6,037 | 5,919 | 5,301 | 4,463 | 4,475 | ||
| Cost of revenue | (3,313) | (3,218) | (3,080) | (2,742) | (2,333) | (2,401) | ||
| Cost of goods and services sold | (3,296) | (3,177) | (3,080) | (2,742) | (2,333) | (2,401) | ||
| Gross profit: | 2,984 | 2,819 | 2,839 | 2,559 | 2,130 | 2,074 | ||
| Operating expenses | (2,122) | (2,070) | (2,125) | (1,950) | (2,359) | (1,718) | ||
| Other undisclosed operating income | 17 | 41 | ||||||
| Operating income (loss): | 879 | 790 | 714 | 609 | (229) | 356 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (25) | (36) | 151 | (9) | (57) | 60 | ||
| Interest and debt expense | (87) | (4) | (22) | (34) | (7) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 767 | 750 | 865 | 578 | (320) | 409 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (65) | (141) | (125) | (122) | (127) | (142) | ||
| Income (loss) from continuing operations before income taxes: | 702 | 609 | 740 | 456 | (447) | 267 | ||
| Income tax expense | (194) | (170) | (185) | (149) | (23) | (9) | ||
| Income (loss) from continuing operations: | 508 | 439 | 555 | 307 | (470) | 258 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 555 | 307 | (470) | 258 | |
| Net income (loss): | 508 | 439 | 555 | 307 | (470) | 258 | ||
| Net loss attributable to noncontrolling interest | (41) | (9) | (4) | (3) | (5) | (2) | ||
| Net income (loss) available to common stockholders, diluted: | 467 | 430 | 551 | 304 | (475) | 256 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 508 | 439 | 555 | 307 | (470) | 258 | ||
| Other comprehensive income (loss) | 16 | 25 | (145) | 20 | 18 | (50) | ||
| Comprehensive income (loss): | 524 | 464 | 410 | 327 | (452) | 208 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (41) | (9) | (4) | (3) | (5) | (2) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 483 | 455 | 406 | 324 | (457) | 206 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.