Warner Music Group Financials

Summary - Funding Rounds

Founding Date

1958

Revenue/Financials

Income Statement

Quarterly

USDQ1, 2018Q2, 2018

Revenue

1 b2 b

Cost of goods sold

569 m1.1 b

Gross profit

476 m951 m

Gross profit Margin, %

46%47%

General and administrative expense

333 m670 m

Operating expense total

(955 m)(1.8 b)

Depreciation and amortization

(53 m)(108 m)

EBIT

90 m173 m

EBIT margin, %

9%9%

Interest expense

36 m72 m

Pre tax profit

57 m75 m

Income tax expense

(52 m)(71 m)

Net Income

5 m4 m

Balance Sheet

Quarterly

USDQ1, 2018Q2, 2018

Cash

776 m612 m

Inventories

38 m39 m

Current Assets

1.5 b1.4 b

PP&E

213 m214 m

Goodwill

1.7 b1.7 b

Total Assets

5.9 b5.8 b

Accounts Payable

166 m203 m

Short-term debt

111 m

Current Liabilities

2.2 b2.3 b

Long-term debt

2.8 b2.8 b

Total Debt

2.8 b2.9 b

Total Liabilities

5.6 b5.6 b

Additional Paid-in Capital

1.1 b1.1 b

Retained Earnings

(650 m)(778 m)

Total Equity

321 m205 m

Financial Leverage

18.3 x28.2 x

Cash Flow

Quarterly

USDQ1, 2018Q2, 2018

Net Income

5 m4 m

Depreciation and Amortization

65 m134 m

Accounts Receivable

(93 m)(15 m)

Inventories

2 m1 m

Accounts Payable

(23 m)(100 m)

Cash From Operating Activities

136 m136 m

Cash From Investing Activities

(6 m)(28 m)

Dividends Paid

(125 m)

Cash From Financing Activities

(3 m)(149 m)

Free Cash Flow

120 m107 m
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