Universal Music Group Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	493	553	413	439	585	1,141
Short-Term Investments	32	27	91	-	-	1
Cash & Short-Term Investments	525	580	504	439	585	1,142
Cash Growth	14.88%	15.08%	14.81%	-24.96%	-48.77%	214.60%
Accounts Receivable	2,502	2,244	1,986	1,765	1,598	1,482
Other Receivables	72	283	296	253	208	160
Receivables	2,574	2,527	2,282	2,018	1,806	1,642
Inventory	267	255	210	163	99	79
Other Current Assets	1,171	1,211	1,060	984	844	677
Total Current Assets	4,537	4,573	4,056	3,604	3,334	3,540
Property, Plant & Equipment	646	688	493	485	555	592
Long-Term Investments	5,392	3,823	1,658	846	1,701	2,034
Goodwill	1,748	1,895	1,624	1,578	1,480	1,369
Other Intangible Assets	240	232	180	119	96	79
Long-Term Deferred Tax Assets	722	625	479	348	404	414
Long-Term Deferred Charges	3,036	3,393	3,020	3,058	2,982	2,330
Other Long-Term Assets	1,980	2,091	1,581	1,601	1,542	1,182
Total Assets	18,301	17,320	13,091	11,639	12,094	11,540
Accounts Payable	5,755	168	118	139	146	121
Accrued Expenses	-	4,766	4,346	3,937	3,420	2,935
Short-Term Debt	968	754	223	930	13	5
Current Portion of Long-Term Debt	81	119	55	207	305	635
Current Portion of Leases	79	66	86	77	80	78
Current Income Taxes Payable	154	96	70	53	39	27
Current Unearned Revenue	-	412	408	377	388	454
Other Current Liabilities	137	1,243	961	800	1,001	753
Total Current Liabilities	7,174	7,624	6,267	6,520	5,392	5,008
Long-Term Debt	2,179	1,778	1,826	1,113	2,277	2,369
Long-Term Leases	428	475	324	346	421	447
Pension & Post-Retirement Benefits	-	163	153	152	205	209
Long-Term Deferred Tax Liabilities	1,542	1,170	676	580	850	896
Other Long-Term Liabilities	2,071	1,559	862	576	919	977
Total Liabilities	13,394	12,769	10,108	9,287	10,064	9,906
Common Stock	18,341	18,293	18,217	18,135	18,134	-
Additional Paid-In Capital	15,093	15,041	14,994	14,935	14,941	-
Retained Earnings	-28,552	-28,803	-30,244	-30,714	-31,033	2,116
Treasury Stock	-5	-5	-5	-5	-12	-
Comprehensive Income & Other	-	-	-	-	-	-482
Total Common Equity	4,877	4,526	2,962	2,351	2,030	1,634
Minority Interest	30	25	21	1	-	-
Shareholders' Equity	4,907	4,551	2,983	2,352	2,030	1,634
Total Liabilities & Equity	18,301	17,320	13,091	11,639	12,094	11,540
Total Debt	3,735	3,192	2,514	2,673	3,096	3,534
Net Cash (Debt)	-3,210	-2,612	-2,010	-2,234	-2,511	-2,392
Net Cash Per Share	-1.74	-1.41	-1.09	-1.23	-1.38	-1.32
Filing Date Shares Outstanding	1,834	1,829	1,821	1,813	1,813	1,813
Total Common Shares Outstanding	1,834	1,829	1,821	1,813	1,813	1,813
Working Capital	-2,637	-3,051	-2,211	-2,916	-2,058	-1,468
Book Value Per Share	2.66	2.47	1.63	1.30	1.12	0.90
Tangible Book Value	2,889	2,399	1,158	654	454	186
Tangible Book Value Per Share	1.58	1.31	0.64	0.36	0.25	0.10
Land	-	272	242	241	234	220
Machinery	-	125	122	119	111	77
Construction In Progress	-	45	24	20	9	19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.