Warner Music Group Corp.
NASDAQ:WMG
29.6 (USD) • At close January 14, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | 2012 Q4 | 2012 Q3 | 2012 Q2 | 2012 Q1 | 2011 Q4 | 2011 Q3 | 2011 Q2 | 2011 Q1 | 2010 Q4 | 2010 Q3 | 2010 Q2 | 2010 Q1 | 2009 Q4 | 2009 Q3 | 2009 Q2 | 2009 Q1 | 2008 Q4 | 2008 Q3 | 2008 Q2 | 2008 Q1 | 2007 Q4 | 2007 Q3 | 2007 Q2 | 2007 Q1 | 2006 Q4 | 2006 Q3 | 2006 Q2 | 2006 Q1 | 2005 Q4 | 2005 Q3 | 2005 Q2 | 2005 Q1 | |
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| Operating Activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income
| 48 | 0 | 95 | 193 | 154 | 124 | 37 | 124 | 150 | 125 | 92 | 188 | 30 | 61 | 117 | 99 | 1 | -519 | -74 | 122 | 91 | 14 | 67 | 86 | -13 | 321 | -1 | 5 | -38 | 143 | 20 | 24 | -3 | -7 | 12 | 28 | -23 | -43 | 19 | -41 | -24 | -184 | -59 | -36 | -57 | -62 | 4 | -79 | -17 | -32 | -34 | -26 | 103 | -46 | -39 | -18 | -46 | -55 | -28 | -16 | -18 | -36 | -68 | 23 | 6 | -9 | -37 | -16 | 5 | -17 | -27 | 18 | 12 | -14 | -7 | 69 | -30 | -179 | 4 | 36 |
| Depreciation & Amortization
| 83 | 80 | 83 | 81 | 79 | 86 | 83 | 84 | 82 | 87 | 89 | 81 | 79 | 79 | 77 | 71 | 67 | 62 | 61 | 71 | 66 | 66 | 69 | 68 | 56 | 71 | 69 | 65 | 61 | 64 | 63 | 63 | 68 | 75 | 75 | 75 | 76 | 77 | 77 | 79 | 83 | 81 | 79 | 78 | 77 | 61 | 59 | 61 | 62 | 59 | 63 | 60 | -196 | 67 | 66 | 63 | 65 | 65 | 63 | 65 | 66 | 65 | 65 | 66 | 68 | 65 | 68 | 67 | 63 | 62 | 61 | 60 | 61 | 58 | 59 | 58 | 59 | 59 | 61 | 60 |
| Deferred Income Tax
| -77 | 13 | 11 | 5 | 5 | -15 | 2 | -5 | -24 | 7 | 11 | 19 | 40 | 13 | 12 | 2 | -23 | -3 | -2 | -29 | -93 | -2 | 16 | 11 | -39 | 67 | -4 | 42 | -27 | -153 | -10 | -2 | -11 | -5 | -1 | -9 | 6 | -5 | -12 | 0 | -8 | -24 | -7 | -16 | -60 | -1 | -2 | -10 | -15 | -2 | -7 | -2 | 5 | -3 | 6 | -8 | 9 | -3 | -3 | -3 | -3 | 3 | -3 | 0 | 2 | 10 | -4 | -11 | -4 | 24 | -10 | -12 | 6 | -15 | -1 | -1 | 0 | -9 | 5 | -3 |
| Stock Based Compensation
| 24 | 10 | 9 | 9 | 7 | 7 | 21 | 14 | 4 | 5 | 6 | 24 | 12 | 12 | 15 | 6 | 8 | 440 | 167 | -7 | 22 | 14 | 2 | 12 | 10 | 25 | 9 | 18 | 44 | 9 | 7 | 10 | 14 | 5 | 3 | 1 | 3 | 1 | -1 | 0 | 3 | 2 | 0 | 3 | 11 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | -10 | 3 | 5 | 2 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Working Capital
| 162 | -51 | -223 | -36 | 127 | -31 | -167 | -48 | 241 | -17 | -174 | -137 | 79 | -106 | -13 | -41 | 52 | 134 | -70 | -86 | 79 | 29 | -120 | -62 | 146 | 31 | -104 | 6 | 179 | -15 | -34 | 43 | 63 | -34 | 25 | -28 | 30 | -65 | 24 | -19 | 35 | -54 | 132 | -65 | 36 | 16 | 66 | -67 | 72 | -61 | 99 | -6 | 117 | -34 | 71 | -154 | 11 | 43 | 53 | -101 | -30 | -50 | 107 | -16 | 29 | 6 | 89 | -109 | 21 | 6 | 29 | -48 | -12 | -28 | 111 | -116 | -26 | -56 | 171 | -70 |
| Accounts Receivables
| -15 | 0 | -15 | -53 | -19 | -94 | -7 | 7 | -39 | -74 | 18 | -100 | -10 | -44 | 94 | -98 | -27 | 39 | 107 | -101 | -40 | 40 | -2 | -88 | 0 | -28 | 78 | -93 | -5 | -14 | 24 | -65 | 24 | -32 | 88 | -63 | -10 | -4 | 87 | -67 | 5 | -51 | 174 | -56 | -96 | 17 | 87 | -23 | -65 | -27 | 118 | -42 | -93 | -12 | 97 | 8 | -55 | 37 | 129 | 7 | -137 | -37 | 188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Inventory
| -4 | 4 | 6 | 24 | -12 | -2 | -11 | 13 | -20 | -3 | -11 | 12 | -21 | 1 | -10 | 11 | -18 | 7 | -1 | 10 | -9 | -1 | -71 | 13 | -2 | -2 | -1 | 2 | -1 | -1 | -20 | 3 | -3 | 4 | -22 | -1 | -3 | -2 | -73 | -1 | -3 | -2 | -1 | -1 | -7 | 10 | 1 | 1 | 0 | -1 | 2 | 30 | -10 | 3 | 4 | 3 | 1 | 1 | 2 | 4 | 5 | 3 | 5 | -3 | -2 | 0 | 0 | -2 | 5 | 5 | -4 | -3 | 0 | -5 | 10 | -2 | -9 | 5 | -1 | 2 |
| Change In Accounts Payables
| 205 | -68 | -20 | -31 | 170 | -28 | -4 | -61 | 82 | -39 | -62 | -2 | 153 | 57 | -84 | -35 | 81 | -4 | -65 | -44 | 97 | 6 | -8 | -92 | 166 | 16 | -77 | -23 | 103 | -12 | -31 | -12 | 70 | -6 | -30 | -11 | 69 | -37 | -2 | -47 | 9 | 25 | -42 | -79 | 153 | -6 | -21 | -53 | 0 | 1 | -16 | -25 | 228 | -24 | -34 | -170 | 46 | 10 | -75 | -121 | 95 | -2 | -109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Working Capital
| -24 | 13 | -183 | 24 | -12 | 93 | -145 | -7 | 218 | 99 | -119 | -47 | -43 | -120 | -13 | 81 | 16 | 92 | -111 | 49 | 31 | -16 | -110 | 105 | -18 | 45 | -91 | 240 | 82 | 12 | -27 | 117 | -28 | -30 | -33 | 47 | -26 | -22 | -61 | 96 | 24 | -26 | 1 | 71 | -14 | 5 | -1 | 8 | 137 | -34 | -5 | 61 | -8 | -25 | -30 | -165 | 65 | 5 | -78 | -112 | 102 | -16 | -86 | -13 | 31 | 6 | 89 | -107 | 16 | 1 | 33 | -45 | -12 | -23 | 101 | -114 | -17 | -61 | 172 | -72 |
| Other Non Cash Items
| 64 | 136 | 198 | 41 | -34 | -25 | 18 | 40 | -47 | -44 | 20 | -46 | 28 | 32 | -58 | 32 | 71 | 9 | 4 | 7 | -14 | 29 | -27 | -23 | 1 | -386 | 31 | 1 | 7 | 35 | 24 | 18 | 4 | 1 | -3 | -6 | 12 | 11 | 4 | 16 | 2 | 141 | -14 | -16 | 5 | 4 | 4 | 85 | -1 | -3 | 0 | -1 | -1 | 2 | 3 | 2 | 16 | -3 | 6 | 10 | 15 | 26 | 40 | -30 | 14 | 17 | 16 | 33 | 20 | 15 | 17 | 19 | 17 | 17 | 14 | 19 | 30 | 65 | -12 | 40 |
| Operating Cash Flow
| 304 | 188 | -31 | 293 | 338 | 146 | -6 | 209 | 406 | 163 | 44 | 129 | 228 | 91 | 150 | 169 | 176 | 123 | 86 | 78 | 151 | 150 | 7 | 92 | 160 | 129 | -29 | 136 | 226 | 83 | 70 | 156 | 135 | 35 | 111 | 61 | 104 | -24 | 107 | 35 | 89 | -38 | 131 | -52 | 12 | 22 | 135 | -10 | 102 | -39 | 121 | 25 | 18 | -11 | 106 | -113 | 50 | 49 | 93 | -42 | 36 | 11 | 144 | 43 | 119 | 89 | 132 | -36 | 105 | 90 | 70 | 37 | 84 | 18 | 176 | 29 | 33 | -120 | 229 | 63 |
| Investing Activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments In Property Plant And Equipment
| -97 | -69 | -49 | -88 | -99 | -44 | -44 | -54 | -51 | -44 | -32 | -199 | -57 | -152 | -23 | -342 | -49 | -30 | -20 | -26 | -39 | -31 | -44 | -31 | -37 | -17 | -17 | -17 | -20 | -16 | -15 | -9 | -22 | -10 | -18 | -17 | -16 | -15 | -19 | -29 | -36 | -17 | -27 | -22 | -13 | -34 | -9 | -15 | -19 | -19 | -13 | -13 | 92 | -23 | -47 | -22 | -18 | -25 | -33 | -11 | -15 | -8 | -10 | -3 | -31 | -6 | -13 | -7 | -8 | -8 | -8 | -5 | -12 | -6 | -7 | -5 | -10 | -6 | -8 | -6 |
| Acquisitions Net
| 26 | -7 | 13 | -13 | 29 | -9 | -9 | 34 | -10 | -70 | -4 | -425 | -15 | -10 | -38 | -1 | -83 | -6 | 1 | -6 | 3 | -16 | -11 | -207 | -9 | -8 | -5 | -1 | 30 | -3 | -3 | -3 | 18 | 21 | -6 | -8 | 0 | -5 | -12 | -8 | -27 | 0 | -22 | -4 | -719 | -13 | -5 | 0 | -3 | 0 | -5 | 2 | 59 | -2 | -13 | -44 | -6 | 5 | -6 | 0 | -2 | 0 | -9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 |
| Purchases Of Investments
| 0 | 0 | 0 | 33 | 0 | 0 | 44 | 54 | -10 | -70 | -4 | -425 | -15 | -10 | -38 | -1 | -83 | -6 | 1 | -6 | 3 | -16 | -11 | -207 | -9 | -8 | -5 | -1 | -130 | -3 | -3 | -3 | -5 | -15 | -7 | -1 | 0 | -5 | -3 | -8 | -27 | 0 | -22 | -4 | 0 | -13 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 | 0 | 0 | -17 | -117 | 0 | -23 | -49 | -8 | 105 | -63 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales Maturities Of Investments
| 1 | 0 | 3 | 9 | 0 | 0 | 12 | 10 | 0 | 44 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 504 | 0 | 12 | 0 | 25 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 4 | 0 | 0 | 124 | 1 | 19 | 0 | 5 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Investing Activites
| -40 | 0 | -7 | -33 | -126 | -20 | -44 | -54 | 10 | 26 | 4 | 226 | -42 | -142 | 15 | -341 | 34 | -24 | -21 | -20 | -42 | -15 | -33 | 176 | -28 | -9 | -12 | -16 | -20 | -13 | -12 | -6 | -22 | -10 | 36 | -9 | -4 | -15 | -7 | -21 | -36 | -1 | -5 | -18 | -13 | -21 | -4 | 0 | -19 | 0 | -13 | -15 | -1,447 | -23 | -47 | -22 | -18 | -25 | -33 | -11 | -18 | 0 | -10 | 3 | 11 | -9 | -3 | 0 | -152 | -2 | 46 | -45 | -104 | 18 | -68 | -11 | 10 | 14 | -28 | -20 |
| Investing Cash Flow
| -110 | -76 | -33 | -92 | -196 | -53 | -41 | -10 | -61 | -114 | -25 | -624 | -72 | -162 | -61 | -343 | -132 | -36 | -19 | -32 | -36 | -47 | -55 | -238 | -46 | 479 | -22 | -6 | -120 | 6 | 12 | -12 | -9 | -4 | 23 | -18 | -16 | -20 | -22 | -37 | -63 | -17 | -49 | -26 | -732 | -47 | -14 | -15 | -22 | -7 | -18 | -11 | -1,296 | -25 | -60 | -66 | -24 | -20 | -39 | -2 | -16 | 0 | -19 | 117 | -19 | 4 | -33 | -119 | -153 | -33 | -11 | -58 | -11 | -51 | -75 | -16 | 1 | 7 | -36 | -25 |
| Financing Activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Repayment
| 0 | 0 | 0 | 0 | -1 | -2 | 19 | 147 | 0 | 0 | 0 | 535 | -4 | 0 | 0 | 244 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 190 | 0 | 0 | -22 | 0 | 0 | 0 | 0 | 1 | -99 | -4 | -91 | -3 | -4 | -5 | -4 | -3 | -4 | -770 | -59 | 55 | 793 | -158 | 0 | 71 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -312 | -4 | -4 | -4 | -5 | -4 | -4 | -4 | -5 | -4 | -4 | 3 | -5 | -4 | -4 | 196 | -548 | 14 | 676 |
| Common Stock Issued
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 554 | 0 | 0 |
| Common Stock Repurchased
| 0 | 0 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -242 | 71 | 0 | -209 |
| Dividends Paid
| -94 | -89 | -89 | -89 | -89 | -84 | -83 | -84 | -83 | -79 | -78 | -78 | -78 | -62 | -63 | -62 | -63 | -37 | -38 | -206 | -31 | -32 | -31 | 0 | -500 | -300 | -125 | 0 | -30 | 0 | -54 | 0 | 0 | 0 | -3 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22 | -20 | -20 | -19 | -21 | -19 | -19 | -18 | -19 | -18 | 0 | -119 | -43 | -764 |
| Other Financing Activities
| -22 | -1 | -8 | -4 | -2 | -4 | -9 | -133 | -9 | -4 | -7 | -9 | -14 | -17 | -1 | -4 | 35 | -6 | 0 | -1 | 0 | -7 | 0 | -8 | -2 | -4 | 1 | -3 | -1 | -4 | -1 | -39 | -12 | -1 | -6 | -3 | 0 | -1 | -2 | 0 | -2 | 818 | 0 | 0 | -22 | -5 | -11 | -157 | -1 | 0 | -1 | -1 | 1,198 | 6 | -1 | 0 | -1 | -2 | -2 | 0 | 0 | -23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 37 | -23 | -18 | 1 |
| Financing Cash Flow
| -116 | -90 | -97 | -93 | -92 | -90 | -73 | -70 | -92 | -83 | -85 | 448 | -96 | -79 | -64 | 178 | -28 | -43 | -38 | -207 | -31 | -32 | -31 | 182 | -502 | -304 | -146 | -3 | -31 | -4 | -55 | -38 | -111 | -5 | -94 | -6 | -4 | -6 | -6 | -3 | -6 | 48 | -59 | 54 | 771 | -163 | -11 | -86 | -1 | 0 | -1 | -1 | 1,198 | 6 | 0 | 0 | -1 | 2 | -2 | 0 | 0 | -335 | -4 | -4 | -4 | -5 | -26 | -24 | -24 | -24 | -25 | -21 | -13 | -23 | -23 | -22 | -9 | -65 | -46 | -296 |
| Other Information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Effect Of Forex Changes On Cash
| 9 | -2 | -6 | 5 | -9 | -4 | 1 | 7 | -14 | -6 | 1 | -2 | -3 | 4 | -3 | 9 | 5 | 4 | -7 | 4 | -6 | 0 | 1 | -2 | -3 | -11 | 4 | 2 | 5 | 6 | 6 | -10 | -1 | 3 | -2 | -5 | -6 | 0 | -6 | -7 | -5 | 0 | -3 | -2 | 2 | -4 | -5 | -2 | 4 | -7 | 2 | 1 | -15 | 1 | 11 | 3 | 14 | -12 | -8 | -1 | 0 | 11 | -12 | -18 | 0 | 1 | 16 | 6 | 9 | 1 | 1 | 2 | 1 | 3 | 3 | -1 | -1 | -4 | -6 | 9 |
| Net Change In Cash
| 87 | 20 | -167 | 113 | 41 | -1 | -119 | 136 | 239 | -40 | -65 | -49 | 57 | -146 | 22 | 13 | 21 | 48 | 22 | -157 | 78 | 71 | -78 | 34 | -391 | 293 | -164 | 129 | 80 | 91 | 21 | 96 | 14 | 29 | 38 | 32 | 78 | -50 | 73 | -12 | 15 | -7 | 20 | -26 | 53 | -192 | 105 | -113 | 83 | -53 | 104 | 14 | 0 | -29 | 56 | -176 | 39 | 17 | 44 | -45 | 39 | -313 | 109 | 138 | 73 | 89 | 89 | -173 | -63 | 34 | 35 | -40 | 61 | -53 | 81 | -10 | 23 | -182 | 141 | -249 |
| Cash At End Of Period
| 694 | 607 | 587 | 754 | 641 | 600 | 601 | 720 | 584 | 345 | 385 | 450 | 499 | 442 | 588 | 566 | 553 | 532 | 484 | 462 | 619 | 541 | 470 | 548 | 514 | 905 | 612 | 776 | 647 | 567 | 476 | 455 | 359 | 345 | 316 | 278 | 246 | 168 | 218 | 145 | 157 | 142 | 149 | 129 | 155 | 102 | 294 | 189 | 302 | 219 | 272 | 168 | 0 | 290 | 319 | 263 | 439 | 400 | 383 | 339 | 384 | 345 | 658 | 549 | 411 | 338 | 249 | 160 | 333 | 396 | 362 | 327 | 367 | 306 | 359 | 278 | 288 | 265 | 447 | 306 |