Warner Music Group Cash Flow Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	449	370	478	439	555	307
Depreciation & Amortization	402	376	327	332	339	306
Stock-Based Compensation	58	54	52	49	39	45
Other Adjustments	157.5	99	45	-14	-104	61
Change in Receivables	-270	-61	-110	-113	-195	-58
Changes in Inventories	-15	-11	30	-12	-22	-19
Changes in Accounts Payable	56	-28	86	77	-21	91
Changes in Income Taxes Payable	-11.5	-	-	-	-	-
Changes in Unearned Revenue	137	40	-133	-58	86	47
Changes in Other Operating Activities	-88	-161	-21	-13	65	-142
Operating Cash Flow	1,074	678	754	687	742	638
Operating Cash Flow Growth	-10.28%	-10.08%	9.75%	-7.41%	16.30%	37.80%
Capital Expenditures	-114	-139	-116	-127	-135	-93
Purchases of Intangible Assets	-532	-195	-187	-114	-191	-481
Proceeds from Sale of Investments	4	40	13	22	11	-
Payments for Business Acquisitions	-29	-46	-40	-126	-509	-64
Proceeds from Business Divestments	10	-	19	45	-	-
Investing Cash Flow	-728	-340	-311	-300	-824	-638
Long-Term Debt Issued	1,018	-	104	165	535	1,093
Long-Term Debt Repaid	-647.5	-1	-104	-1	-	-849
Net Long-Term Debt Issued (Repaid)	370	-1	0	164	535	244
Repurchase of Common Stock	-62	-16	-	-	-	-
Net Common Stock Issued (Repurchased)	-62	-16	-	-	-	-
Common Dividends Paid	-394	-383	-361	-340	-318	-265
Other Financing Activities	37	-97	-35	-149	-29	-45
Financing Cash Flow	-233	-497	-396	-325	188	-61
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6	-	6	-5	-21	7
Net Cash Flow	330.5	-162	53	57	85	-54
Free Cash Flow	960	539	638	560	607	545
Free Cash Flow Growth	78.11%	-15.52%	13.93%	-7.74%	11.38%	44.18%
FCF Margin	13.47%	8.04%	9.93%	9.28%	10.26%	10.28%
Free Cash Flow Per Share	6.52	3.71	4.53	4.06	1.17	1.04
Levered Free Cash Flow	1,205	441	608	793	1,398	738
Unlevered Free Cash Flow	1,231	771	996	989	1,026	799

SEC Filings: 10-K · 10-Q