Warner Music Group Corp. (WMG)

Warner Music Group Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net Income	452	435	430	551	304	-475
Depreciation & Amortization	339	327	332	339	306	261
Loss (Gain) From Sale of Assets	-1	-32	-42	-	-	-
Asset Writedown & Restructuring Costs	39	57	-	-	-	-
Loss (Gain) From Sale of Investments	-28	-6	-3	46	4	-2
Stock-Based Compensation	61	52	49	39	45	608
Other Operating Activities	-9	69	40	-146	60	41
Change in Accounts Receivable	-8	-110	-113	-195	-58	18
Change in Inventory	9	30	-12	-22	-19	-2
Change in Accounts Payable	18	86	77	-21	91	-32
Change in Unearned Revenue	75	-133	-58	86	47	114
Change in Other Net Operating Assets	-54	-21	-13	65	-142	-68
Operating Cash Flow	893	754	687	742	638	463
Operating Cash Flow Growth	19.71%	9.75%	-7.41%	16.30%	37.80%	15.75%
Capital Expenditures	-133	-116	-127	-135	-93	-85
Cash Acquisitions	-	-	-	-	-	-81
Divestitures	2	19	45	-	-	-
Sale (Purchase) of Intangibles	-225	-187	-114	-191	-481	-40
Investment in Securities	-32	-27	-104	-498	-64	-13
Investing Cash Flow	-388	-311	-300	-824	-638	-219
Long-Term Debt Issued	-	104	165	535	1,093	1,450
Total Debt Issued	62	104	165	535	1,093	1,450
Long-Term Debt Repaid	-	-104	-1	-	-849	-1,375
Total Debt Repaid	-62	-104	-1	-	-849	-1,375
Net Debt Issued (Repaid)	-	-	164	535	244	75
Repurchase of Common Stock	-21	-5	-	-6	-	-
Common Dividends Paid	-372	-361	-340	-318	-265	-344
Other Financing Activities	-61	-30	-149	-23	-40	-47
Financing Cash Flow	-454	-396	-325	188	-61	-316
Foreign Exchange Rate Adjustments	-1	6	-5	-21	7	6
Net Cash Flow	50	53	57	85	-54	-66
Free Cash Flow	760	638	560	607	545	378
Free Cash Flow Growth	22.58%	13.93%	-7.74%	11.38%	44.18%	27.70%
Free Cash Flow Margin	12.00%	9.93%	9.28%	10.26%	10.28%	8.47%
Free Cash Flow Per Share	1.47	1.23	1.09	1.18	1.06	0.75
Cash Interest Paid	164	183	157	122	137	128
Cash Income Tax Paid	164	135	219	141	124	81
Levered Free Cash Flow	789.5	778.75	552.75	513.88	235.38	403
Unlevered Free Cash Flow	900.75	892.5	650.88	592	311.63	482.38
Change in Net Working Capital	-280	-164	36	-65	-154	191

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q