Last 7 days
-1.9%
Last 30 days
4.1%
Last 90 days
3.3%
Trailing 12 Months
2.1%
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 5.8B | 5.9B | 6.0B | 0 |
2022 | 5.7B | 5.8B | 5.9B | 5.8B |
2021 | 4.7B | 5.1B | 5.3B | 5.6B |
2020 | 4.5B | 4.5B | 4.5B | 4.5B |
2019 | 4.3B | 4.4B | 4.5B | 4.5B |
2018 | 3.8B | 3.9B | 4.0B | 4.2B |
2017 | 3.4B | 3.5B | 3.6B | 3.7B |
2016 | 3.1B | 3.2B | 3.2B | 3.3B |
2015 | 3.1B | 3.0B | 3.0B | 3.0B |
2014 | 2.9B | 3.0B | 3.0B | 3.0B |
2013 | 2.8B | 2.8B | 2.9B | 2.9B |
2012 | 0 | 2.6B | 2.8B | 2.8B |
2011 | 0 | 0 | 0 | 0 |
2010 | 0 | 0 | 3.0B | 0 |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Dec 05, 2023 | lousada max | sold | -28,990,100 | 33.36 | -869,008 | ceo, recorded music |
Feb 28, 2023 | lynton michael | acquired | 255,005 | 31.56 | 8,080 | - |
Feb 28, 2023 | hertz noreena | sold (taxes) | -45,762 | 31.56 | -1,450 | - |
Feb 28, 2023 | dopfner mathias | sold (taxes) | -45,762 | 31.56 | -1,450 | - |
Feb 28, 2023 | kreiz ynon | acquired | 175,000 | 31.56 | 5,545 | - |
Feb 28, 2023 | dopfner mathias | acquired | 175,000 | 31.56 | 5,545 | - |
Feb 28, 2023 | kurzman cecelia | acquired | 175,000 | 31.56 | 5,545 | - |
Feb 28, 2023 | dubuc nancy | acquired | 175,000 | 31.56 | 5,545 | - |
Feb 28, 2023 | hertz noreena | acquired | 175,000 | 31.56 | 5,545 | - |
Feb 24, 2023 | benet lincoln e | sold | -964,200 | 32.14 | -30,000 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Dec 07, 2023 | Hudson Bay Capital Management LP | unchanged | - | 531,000 | 3,140,000 | 0.01% |
Dec 06, 2023 | CITIGROUP INC | reduced | -1.82 | 72,701 | 473,104 | -% |
Dec 06, 2023 | Raleigh Capital Management Inc. | new | - | 318 | 318 | -% |
Dec 06, 2023 | DigitalBridge Group, Inc. | added | 46.26 | 6,508,040 | 15,068,200 | 1.74% |
Nov 24, 2023 | DEUTSCHE BANK AG\ | reduced | -91.69 | -8,379,600 | 931,606 | -% |
Nov 22, 2023 | Graham Capital Management, L.P. | new | - | 501,049 | 501,049 | 0.01% |
Nov 21, 2023 | Walleye Capital LLC | new | - | 20,070,400 | 20,070,400 | 0.05% |
Nov 21, 2023 | COMERICA BANK | reduced | -97.67 | 117,297 | 117,297 | -% |
Nov 21, 2023 | Walleye Trading LLC | new | - | 594,402 | 594,402 | -% |
Nov 15, 2023 | Ramirez Asset Management, Inc. | new | - | 75,360 | 75,360 | 0.02% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jul 10, 2023 | sands capital management, llc | 0.0% | 0 | SC 13G/A | |
Feb 14, 2023 | caledonia (private) investments pty ltd | 4.56% | 6,258,678 | SC 13G/A | |
Feb 14, 2023 | melvin capital management lp | 0% | 0 | SC 13G/A | |
Feb 14, 2023 | sands capital management, llc | 7.8% | 10,674,369 | SC 13G/A | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 7.60% | 10,421,289 | SC 13G/A | |
Jan 31, 2023 | cooper stephen forbes | 4.4% | 6,141,401 | SC 13G/A | |
Apr 04, 2022 | cooper nancie | 4.4% | 5,926,399 | SC 13G/A | |
Feb 14, 2022 | sands capital management, llc | 9.39% | 11,553,443 | SC 13G/A | |
Feb 14, 2022 | darsana capital partners lp | 2.2% | 2,981,049 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Dec 07, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 144 | Notice of Insider Sale Intent | |
Dec 01, 2023 | 8-K | Current Report | |
Nov 21, 2023 | 10-K | Annual Report | |
Nov 16, 2023 | 8-K | Current Report | |
Nov 09, 2023 | 8-K | Current Report | |
Oct 20, 2023 | 3 | Insider Trading | |
Oct 20, 2023 | 3 | Insider Trading | |
Oct 13, 2023 | D | D | |
Sep 19, 2023 | 8-K | Current Report |
Income Statement (Quarterly) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Revenue | 1.4% | 1,586 | 1,564 | 1,399 | 1,488 | 1,497 | 1,432 | 1,376 | 1,614 | 1,376 | 1,340 | 1,250 | 1,335 | 1,126 | 1,010 | 1,071 | 1,256 | 1,124 | 1,058 | 1,090 | 1,203 | 1,039 |
Costs and Expenses | -0.1% | 1,374 | 1,375 | 1,275 | 1,264 | 1,334 | 1,286 | 1,210 | 1,375 | 1,276 | 1,178 | 1,099 | 1,139 | 1,038 | 1,443 | 1,120 | 1,091 | 1,095 | 1,000 | 968 | 1,056 | 1,023 |
S&GA Expenses | 2.6% | 473 | 461 | 452 | 440 | 470 | 451 | 444 | 497 | 465 | 437 | 418 | 401 | 383 | 869 | 538 | 379 | 408 | 372 | 354 | 376 | 398 |
EBITDA Margin | 0.3% | 0.15* | 0.15* | 0.14* | 0.15* | 0.18* | 0.14* | 0.15* | 0.16* | 0.17* | 0.13* | 0.05* | -0.01* | -0.01* | -0.01* | 0.10* | 0.15* | 0.15* | 0.15* | 0.24* | - | - |
Income Taxes | 34.9% | 58.00 | 43.00 | 21.00 | 48.00 | 37.00 | 39.00 | 34.00 | 75.00 | 22.00 | 41.00 | 51.00 | 35.00 | -21.00 | 51.00 | -12.00 | 5.00 | -77.00 | -12.00 | 48.00 | 50.00 | -2.00 |
Earnings Before Taxes | 26.9% | 212 | 167 | 58.00 | 172 | 187 | 164 | 126 | 263 | 52.00 | 102 | 168 | 134 | -20.00 | -468 | -86.00 | 127 | 14.00 | 2.00 | 115 | 136 | -15.00 |
EBT Margin | 2.7% | 0.10* | 0.10* | 0.10* | 0.11* | 0.13* | 0.10* | 0.10* | 0.10* | 0.09* | 0.08* | -0.04* | -0.10* | -0.10* | -0.09* | 0.01* | 0.06* | 0.06* | 0.05* | 0.14* | - | - |
Net Income | 24.6% | 152 | 122 | 34.00 | 122 | 148 | 124 | 92.00 | 187 | 28.00 | 61.00 | 117 | 98.00 | -1.00 | -520 | -74.00 | 120 | 90.00 | 13.00 | 67.00 | 86.00 | -14.00 |
Net Income Margin | -0.6% | 0.07* | 0.07* | 0.07* | 0.08* | 0.09* | 0.07* | 0.06* | 0.07* | 0.06* | 0.05* | -0.06* | -0.11* | -0.11* | -0.09* | 0.03* | 0.06* | 0.06* | 0.03* | 0.11* | - | - |
Free Cashflow | 169.9% | 305 | 113 | -41.00 | 188 | - | 128 | 16.00 | 95.00 | 208 | 71.00 | 130 | 151 | 156 | 103 | 73.00 | 63.00 | 129 | 127 | -22.50 | 74.00 | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Assets | 4.8% | 8,545 | 8,150 | 8,010 | 8,129 | 7,828 | 7,699 | 7,781 | 8,015 | 7,211 | 7,040 | 6,830 | 6,943 | 6,410 | 6,148 | 6,124 | 6,314 | 6,017 | 5,955 | 5,902 | 5,946 | 5,344 |
Current Assets | 3.7% | 2,402 | 2,317 | 2,212 | 2,340 | 2,139 | 1,901 | 1,912 | 2,021 | 1,896 | 1,734 | 1,756 | 1,828 | 1,678 | 1,582 | 1,583 | 1,656 | 1,691 | 1,580 | 1,524 | 1,592 | 1,433 |
Cash Equivalents | 6.8% | 641 | 600 | 601 | 720 | 584 | 345 | 385 | 450 | 499 | 442 | 588 | 566 | 553 | 532 | 484 | 462 | 619 | 541 | 470 | 548 | 514 |
Inventory | 8.6% | 126 | 116 | 114 | 102 | 108 | 93.00 | 94.00 | 84.00 | 99.00 | 79.00 | 79.00 | 71.00 | 79.00 | 59.00 | 65.00 | 65.00 | 74.00 | 67.00 | 65.00 | 66.00 | 42.00 |
Net PPE | 0.9% | 458 | 454 | 440 | 430 | 415 | 403 | 386 | 378 | 364 | 347 | 339 | 334 | 331 | 310 | 294 | 295 | 300 | 296 | 295 | 268 | 229 |
Goodwill | 1.6% | 1,993 | 1,962 | 1,960 | 1,951 | 1,920 | 1,932 | 1,922 | 135 | 1,830 | 1,836 | 1,842 | 1,851 | 1,831 | 1,770 | 1,761 | 1,768 | 1,761 | 1,772 | 1,787 | 1,793 | 1,692 |
Liabilities | 3.4% | 8,115 | 7,851 | 7,744 | 7,847 | 7,660 | 7,527 | 7,608 | 7,843 | 7,165 | 6,945 | 6,757 | 6,910 | 6,455 | 6,169 | 6,409 | 6,483 | 6,286 | 6,088 | 6,022 | 6,085 | 5,664 |
Current Liabilities | 7.6% | 3,539 | 3,290 | 3,187 | 3,341 | 3,368 | 3,123 | 3,131 | 3,357 | 3,150 | 2,902 | 2,784 | 2,890 | 2,720 | 2,525 | 2,732 | 2,799 | 2,819 | 2,544 | 2,518 | 2,593 | 2,457 |
LT Debt, Non Current | -0.6% | 3,964 | 3,988 | 3,986 | 3,946 | 3,732 | 3,785 | 3,829 | 3,846 | 3,346 | 3,367 | 3,354 | 3,387 | 3,104 | 3,000 | 2,983 | 2,988 | 2,974 | 3,006 | 2,990 | 2,998 | 2,819 |
Shareholder's Equity | 53.0% | 430 | 281 | 266 | 282 | 152 | 172 | 173 | 172 | 46.00 | 95.00 | 73.00 | 33.00 | -45.00 | - | - | - | - | - | - | - | - |
Retained Earnings | 4.3% | -1,387 | -1,450 | -1,488 | -1,439 | -1,477 | -1,542 | -1,587 | -1,601 | -1,710 | -1,660 | -1,659 | -1,713 | -1,749 | -1,685 | -1,166 | -1,088 | -1,177 | -1,061 | -1,043 | -1,078 | -1,133 |
Additional Paid-In Capital | 0.4% | 2,015 | 2,007 | 2,000 | 1,984 | 1,975 | 1,975 | 1,971 | 1,973 | 1,942 | 1,934 | 1,924 | 1,913 | 1,907 | 1,899 | 1,127 | 1,128 | 1,127 | 1,128 | 1,128 | 1,128 | 1,127 |
Accumulated Depreciation | 0% | 523 | 523 | 503 | 489 | 461 | 462 | 452 | 435 | 419 | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 502 | - | 502 | - | 502 | - | 503 |
Minority Interest | 583.3% | 123 | 18.00 | 14.00 | 12.00 | 16.00 | 16.00 | 19.00 | 19.00 | 15.00 | 14.00 | 16.00 | 17.00 | 18.00 | 17.00 | 21.00 | 21.00 | 20.00 | 19.00 | 20.00 | 23.00 | 14.00 |
Cashflow (Quarterly) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Cashflow From Operations | 131.5% | 338,000,000 | 146,000,000 | -6,000,000 | 209,000,000 | 406,000,000 | 163,000,000 | 44,000,000 | 129,000,000 | 228,000,000 | 91,000,000 | 150,000,000 | 169,000,000 | 176,000,000 | 123,000,000 | 86,000,000 | 78,000,000 | 151,000,000 | 150,000,000 | 7,000,000 | 92,000,000 | 160,000,000 |
Share Based Compensation | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,000,000 | 440,000,000 | 167,000,000 | -7,000,000 | 22,000,000 | 14,000,000 | 2,000,000 | 12,000,000 | 10,000,000 |
Cashflow From Investing | -269.8% | -196,000,000 | -53,000,000 | -41,000,000 | -10,000,000 | -61,000,000 | -114,000,000 | -25,000,000 | -624,000,000 | -72,000,000 | -162,000,000 | -61,000,000 | -343,000,000 | -132,000,000 | -36,000,000 | -19,000,000 | -32,000,000 | -36,000,000 | -47,000,000 | -55,000,000 | -238,000,000 | -46,000,000 |
Cashflow From Financing | -2.2% | -92,000,000 | -90,000,000 | -73,000,000 | -70,000,000 | -92,000,000 | -83,000,000 | -85,000,000 | 448,000,000 | -96,000,000 | -79,000,000 | -64,000,000 | 178,000,000 | -28,000,000 | -43,000,000 | -38,000,000 | -207,000,000 | -31,000,000 | -32,000,000 | -31,000,000 | 182,000,000 | -502,000,000 |
Dividend Payments | 6.0% | 89,000,000 | 84,000,000 | 83,000,000 | 84,000,000 | 83,000,000 | 79,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 62,000,000 | 63,000,000 | 62,000,000 | 63,000,000 | 37,000,000 | 38,000,000 | 206,000,000 | 31,000,000 | 32,000,000 | 31,000,000 | - | 500,000,000 |
Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended | ||||
---|---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2021 | |||
Revenue | $ 6,037 | $ 5,919 | $ 5,301 | ||
Costs and expenses: | |||||
Cost of revenue | (3,177) | (3,080) | (2,742) | ||
Selling, general and administrative expenses | [1] | (1,826) | (1,862) | (1,721) | |
Restructuring | (40) | 0 | 0 | ||
Amortization expense | (245) | (263) | (229) | ||
Total costs and expenses | (5,288) | (5,205) | (4,692) | ||
Net gain on divestiture | 41 | 0 | 0 | ||
Operating income | 790 | 714 | 609 | ||
Loss on extinguishment of debt | (4) | 0 | (22) | ||
Interest expense, net | (141) | (125) | (122) | ||
Other (expense) income, net | (36) | 151 | (9) | ||
Income before income taxes | 609 | 740 | 456 | ||
Income tax expense | (170) | (185) | (149) | ||
Net income | 439 | 555 | 307 | ||
Less: Income attributable to noncontrolling interest | (9) | (4) | (3) | ||
Net income attributable to Warner Music Group Corp. | 430 | 551 | 304 | ||
Class A Common Stock | |||||
Costs and expenses: | |||||
Net income attributable to Warner Music Group Corp. | $ 119 | $ 149 | $ 68 | ||
Net income per share attributable to common stockholders: | |||||
Basic (in dollars per share) | $ 0.82 | $ 1.06 | $ 0.58 | ||
Diluted (in dollars per share) | $ 0.82 | $ 1.06 | $ 0.58 | ||
Weighted average common shares: | |||||
Basic (in shares) | 138,070,000 | 133,662,000 | 110,561,000 | ||
Diluted (in shares) | 138,070,000 | 133,662,000 | 110,561,000 | ||
Common Class B | |||||
Costs and expenses: | |||||
Net income attributable to Warner Music Group Corp. | $ 311 | $ 402 | $ 236 | ||
Net income per share attributable to common stockholders: | |||||
Basic (in dollars per share) | $ 0.82 | $ 1.06 | $ 0.58 | ||
Diluted (in dollars per share) | $ 0.82 | $ 1.06 | $ 0.58 | ||
Weighted average common shares: | |||||
Basic (in shares) | 377,650,000 | 381,046,000 | 402,912,000 | ||
Diluted (in shares) | 377,650,000 | 381,046,000 | 402,912,000 | ||
|
Consolidated Balance Sheets - USD ($) $ in Millions | Sep. 30, 2023 | Sep. 30, 2022 |
---|---|---|
Current assets: | ||
Cash and equivalents | $ 641 | $ 584 |
Accounts receivable, net of allowances of $19 million and $19 million | 1,120 | 984 |
Inventories | 126 | 108 |
Royalty advances expected to be recouped within one year | 413 | 372 |
Prepaid and other current assets | 102 | 91 |
Total current assets | 2,402 | 2,139 |
Royalty advances expected to be recouped after one year | 688 | 503 |
Property, plant and equipment, net | 458 | 415 |
Operating lease right-of-use assets, net | 245 | 226 |
Goodwill | 1,993 | 1,920 |
Intangible assets subject to amortization, net | 2,353 | 2,239 |
Intangible assets not subject to amortization | 149 | 145 |
Deferred tax assets, net | 32 | 29 |
Other assets | 225 | 212 |
Total assets | 8,545 | 7,828 |
Current liabilities: | ||
Accounts payable | 300 | 268 |
Accrued royalties | 2,219 | 1,918 |
Accrued liabilities | 533 | 457 |
Accrued interest | 18 | 17 |
Operating lease liabilities, current | 41 | 40 |
Deferred revenue | 371 | 423 |
Other current liabilities | 57 | 245 |
Total current liabilities | 3,539 | 3,368 |
Long-term debt | 3,964 | 3,732 |
Operating lease liabilities, noncurrent | 255 | 241 |
Deferred tax liabilities, net | 216 | 220 |
Other noncurrent liabilities | 141 | 99 |
Total liabilities | 8,115 | 7,660 |
Equity: | ||
Additional paid-in capital | 2,015 | 1,975 |
Accumulated deficit | (1,387) | (1,477) |
Accumulated other comprehensive loss, net | (322) | (347) |
Total Warner Music Group Corp. equity | 307 | 152 |
Noncontrolling interest | 123 | 16 |
Total equity | 430 | 168 |
Total liabilities and equity | 8,545 | 7,828 |
Class A Common Stock | ||
Equity: | ||
Common stock, value, issued | 0 | 0 |
Common Class B | ||
Equity: | ||
Common stock, value, issued | $ 1 | $ 1 |
 CEO | Mr. Guy Moot |
---|---|
 WEBSITE | www.wmg.com |
 EMPLOYEES | 6200 |