Warner Music Group Corp. (WMG)
NASDAQ: WMG · Real-Time Price · USD
23.90
-0.70 (-2.85%)
At close: Mar 19, 2026, 4:00 PM EDT
23.90
0.00 (0.00%)
After-hours: Mar 19, 2026, 4:10 PM EDT
Warner Music Group Cash Flow Statement
Financials in millions USD. Fiscal year is October - September.
Millions USD. Fiscal year is Oct - Sep.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 175 | 109 | -16 | 36 | 241 | 48 | 141 | 96 | 193 | 154 | 124 | 37 | 124 | 150 | 125 | 92 | 188 | 30 | 61 | 117 |
Depreciation & Amortization | 99 | 104 | 96 | 90 | 86 | 83 | 80 | 83 | 81 | 79 | 86 | 83 | 84 | 82 | 87 | 89 | 81 | 79 | 79 | 77 |
Stock-Based Compensation | 19 | 11 | 16 | 14 | 13 | 24 | 10 | 9 | 9 | 7 | 7 | 21 | 14 | 4 | 5 | 6 | 24 | 12 | 12 | 15 |
Other Adjustments | 44 | -71 | 178 | -11 | -97 | -13 | 11.5 | 4 | 46 | -29 | -85.5 | 0 | 33 | -71 | -42 | 31 | -27 | 28 | 33 | -46 |
Change in Receivables | -33 | -40 | -55 | 10 | 24 | -15 | -27 | -15 | -53 | -19 | -96 | -5 | 7 | -39 | -74 | 18 | -100 | -10 | -44 | 94 |
Changes in Inventories | 12 | -11 | -9 | -1 | 10 | -4 | 4 | 6 | 24 | -12 | -1 | -12 | 13 | -20 | -3 | -11 | 12 | -21 | 1 | -10 |
Changes in Accounts Payable | -34 | 163 | -72 | 64 | -183 | 205 | -68 | -20 | -31 | 170 | -28 | -4 | -61 | 82 | -39 | -62 | -2 | 153 | 57 | -84 |
Changes in Unearned Revenue | -44 | 16 | -45 | 3 | 66 | 72 | -66 | -69 | -70 | 149 | -84 | -19 | -104 | 231 | -38 | -57 | -50 | 74 | -24 | -27 |
Changes in Other Operating Activities | 202 | -50 | -47 | -236 | 172 | -96 | 106 | -125 | 94 | -161 | 165 | -114 | 97 | -13 | 30 | -10 | 3 | -117 | -96 | 14 |
Operating Cash Flow | 440 | 462 | 46 | 69 | 332 | 608 | 188 | -31 | 293 | 676 | 146 | -6 | 209 | 812 | 163 | 44 | 129 | 456 | 91 | 150 |
Operating Cash Flow Growth | 32.53% | -24.01% | -75.53% | - | 13.31% | -10.06% | 28.77% | - | 40.19% | -16.75% | -10.43% | - | 62.02% | 78.07% | 79.12% | -70.67% | -23.67% | 29.54% | -26.02% | 74.42% |
Capital Expenditures | -20 | -28 | -39 | -36 | -36 | -33 | -28 | -26 | -29 | -38 | -33 | -35 | -21 | -38 | -35 | -28 | -34 | -35 | -20 | -20 |
Purchases of Intangible Assets | -30 | -43 | -32 | -79 | -41 | -64 | -41 | -23 | -59 | -61 | -11 | -9 | -33 | -13 | -9 | -4 | -165 | -22 | -132 | -3 |
Proceeds from Sale of Investments | - | 4 | 2 | 18 | 36 | 1 | 0.5 | 3 | 9 | - | - | 12 | 10 | - | - | 11 | - | - | - | - |
Payments for Business Acquisitions | -12 | - | - | -6 | -40 | -14 | -9 | -8.5 | -17 | -100 | -9 | -9 | -8 | -10 | -70 | -4 | -425 | -15 | -10 | -38 |
Proceeds from Business Divestments | 10 | - | - | - | - | - | 2 | 13 | 4 | 3 | 1.5 | 21 | 42 | - | - | - | - | - | - | - |
Investing Cash Flow | -52 | -134 | -71 | -121 | -81 | -220 | -76 | -33 | -92 | -392 | -53 | -41 | -10 | -122 | -114 | -25 | -624 | -144 | -162 | -61 |
Long-Term Debt Issued | 4 | - | - | - | - | 62 | 31 | 21 | - | - | -1 | 83 | 147 | - | - | 267.5 | 535 | -325 | - | 122 |
Long-Term Debt Repaid | - | - | - | - | - | -62 | -31 | -21 | - | - | - | - | - | - | - | - | - | - | - | - |
Net Long-Term Debt Issued (Repaid) | 4 | - | - | - | - | - | - | - | - | - | -1 | 83 | 147 | - | - | 267.5 | 535 | -325 | - | 122 |
Repurchase of Common Stock | -26 | -13 | -1 | -1 | -2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -26 | -13 | -1 | -1 | -2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Common Dividends Paid | -100 | -100 | -94 | -95 | -94 | -94 | -89 | -89 | -89 | -89 | -84 | -83 | -84 | -83 | -79 | -78 | -78 | -78 | -62 | -63 |
Other Financing Activities | -37 | -9 | -3 | -28 | -31 | -22 | -11 | -7 | -4 | -1 | -5 | -10 | -133 | -4 | -5.5 | -6.5 | -9 | -23 | -11.5 | -1.5 |
Financing Cash Flow | -159 | -306 | -96 | -121 | -127 | -232 | -90 | -97 | -93 | -184 | -90 | -73 | -70 | -184 | -83 | -85 | 448 | -192 | -79 | -64 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 3 | -3 | 11 | 8 | -16 | 9 | -2 | -6 | 5 | -9 | -4 | 1 | 7 | -14 | -6 | 1 | -2 | -3 | 4 | -3 |
Net Cash Flow | 216 | 10 | -110 | -28.5 | 108 | 174 | 20 | -27 | 113 | 82 | -1 | 8.5 | 136 | 239 | -40 | -65 | -49 | 57 | -146 | 22 |
Free Cash Flow | 420 | 434 | 7 | 33 | 296 | 575 | 160 | -57 | 264 | 638 | 113 | -41 | 188 | 774 | 128 | 16 | 95 | 421 | 71 | 130 |
Free Cash Flow Growth | 41.89% | -24.52% | -95.63% | - | 12.12% | -9.88% | 41.59% | - | 40.43% | -17.57% | -11.72% | - | 97.89% | 83.85% | 80.28% | -87.69% | -37.09% | 33.65% | -31.07% | 78.08% |
FCF Margin | 22.83% | 23.23% | 0.41% | 2.22% | 17.77% | 35.28% | 10.30% | -3.82% | 15.10% | 40.23% | 7.23% | -2.93% | 12.63% | 51.70% | 8.94% | 1.16% | 5.89% | 30.60% | 5.30% | 10.40% |
Free Cash Flow Per Share | 2.86 | - | - | - | 2.07 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Levered Free Cash Flow | 395 | 303 | -100 | -80 | 351 | 268 | -111 | -55 | 228 | 339 | 226 | 16 | 277 | 472 | 126 | 280.5 | 732 | -164 | 58 | 189 |
Unlevered Free Cash Flow | 419.88 | 337 | 129.82 | -22.95 | 271.28 | 370 | 198.68 | -50.79 | 326.82 | 341 | 245.34 | -21.9 | 199.05 | 454.75 | 113.28 | 42.21 | 180.84 | 190.69 | 93.88 | 55.16 |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.