Warner Music Revenue

Warner Music revenue was $3.58 b in FY, 2017 which is a 10.2% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1958

Warner Music Revenue Breakdown

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Warner Music revenue breakdown by business segment: 15.9% from Music Publishing and 84.1% from Recorded Music

Warner Music revenue breakdown by geographic segment: 41.0% from All Other Territories, 14.6% from United Kingdom and 44.4% from United States

Warner Music Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.9b3.0b3.0b3.2b3.6b

Revenue growth, %

10%

Cost of goods sold

1.5b1.6b1.5b1.7b1.9b

Gross profit

1.4b1.5b1.5b1.5b1.6b

Gross profit Margin, %

48%48%49%47%46%

General and administrative expense

1.1b1.2b1.1b1.1b1.2b

Operating expense total

(2.8b)(3.0b)(2.8b)1.1b1.2b

Depreciation and amortization

(207.0m)(266.0m)(255.0m)243.0m201.0m

EBIT

75.0m19.0m127.0m214.0m222.0m

EBIT margin, %

3%1%4%7%6%

Interest expense

203.0m203.0m181.0m173.0m149.0m

Pre tax profit

(225.0m)(329.0m)(75.0m)41.0m(2.0m)

Income tax expense

31.0m26.0m(13.0m)11.0m(151.0m)

Net Income

(194.0m)(303.0m)(88.0m)30.0m149.0m

Warner Music Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

155.0m157.0m246.0m359.0m647.0m

Accounts Receivable

329.0m404.0m

Prepaid Expenses

51.0m44.0m

Inventories

33.0m39.0m42.0m41.0m39.0m

Current Assets

894.0m782.0m879.0m908.0m1.3b

PP&E

180.0m227.0m220.0m203.0m213.0m

Goodwill

1.7b1.7b1.6b1.6b1.7b

Total Assets

6.3b6.0b5.7b5.3b5.7b

Accounts Payable

280.0m215.0m173.0m204.0m208.0m

Short-term debt

13.0m13.0m13.0m

Current Liabilities

2.0b1.9b1.9b1.8b2.1b

Long-term debt

2.9b3.0b3.0b2.8b2.8b

Non-Current Liabilities

3.3b3.3b

Total Debt

2.9b3.0b3.0b2.8b2.8b

Total Liabilities

5.5b5.6b5.4b5.1b5.4b

Additional Paid-in Capital

1.1b1.1b1.1b1.1b1.1b

Retained Earnings

(341.0m)(649.0m)(740.0m)(715.0m)(654.0m)

Total Equity

743.0m390.0m239.0m210.0m308.0m

Debt to Equity Ratio

13.2 x9.1 x

Debt to Assets Ratio

0.5 x0.5 x

Financial Leverage

8.4 x15.3 x23.7 x25.4 x18.6 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

129.0m149.0m142.0m168.0m278.0m316.0m345.0m455.0m476.0m567.0m776.0m612.0m905.0m

Accounts Receivable

384.0m361.0m380.0m499.0m42.7m

Prepaid Expenses

59.0m57.0m57.0m47.0m62.0m

Inventories

34.0m35.0m37.0m39.0m41.0m41.0m38.0m36.0m36.0m38.0m38.0m39.0m40.0m

Current Assets

938.0m808.0m844.0m773.0m922.0m874.0m942.0m1.1b1.1b1.2b1.5b1.4b1.6b

PP&E

181.0m187.0m206.0m227.0m217.0m210.0m206.0m195.0m197.0m203.0m213.0m214.0m203.0m

Goodwill

1.7b1.7b1.7b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.7b1.7b1.7b

Total Assets

6.3b6.1b6.1b5.7b5.6b5.5b5.5b5.3b5.3b5.5b5.9b5.8b5.8b

Accounts Payable

246.0m210.0m221.0m151.0m161.0m176.0m156.0m152.0m200.0m166.0m166.0m203.0m168.0m

Short-term debt

68.0m13.0m13.0m13.0m13.0m13.0m113.0m111.0m

Current Liabilities

2.1b2.0b1.9b1.8b1.9b1.8b2.0b1.9b1.9b1.9b2.2b2.3b2.3b

Long-term debt

2.9b2.9b3.0b3.0b3.0b2.9b2.8b2.8b2.8b2.8b2.8b2.8b2.8b

Non-Current Liabilities

3.3b3.3b3.2b3.3b3.3b

Total Debt

2.9b2.9b3.0b3.0b3.0b2.9b2.9b2.8b2.8b2.8b2.8b2.9b2.8b

Total Liabilities

5.6b5.5b5.7b5.4b5.4b5.3b5.3b5.2b5.1b5.2b5.6b5.6b5.6b

Additional Paid-in Capital

1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Retained Earnings

(378.0m)(438.0m)(623.0m)(717.0m)(713.0m)(702.0m)(711.0m)(747.0m)(726.0m)(615.0m)(650.0m)(778.0m)(758.0m)

Total Equity

698.0m641.0m460.0m273.0m239.0m234.0m232.0m140.0m187.0m325.0m321.0m205.0m191.0m

Debt to Equity Ratio

4.5 x19.7 x14.8 x8.6 x8.8 x14.4 x14.7 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x

Financial Leverage

9 x9.6 x13.3 x20.7 x23.5 x23.4 x23.7 x38.1 x28.4 x16.9 x18.3 x28.2 x30.2 x

Warner Music Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2016FY, 2017

Net Income

(194.0m)(303.0m)30.0m149.0m

Depreciation and Amortization

258.0m321.0m293.0m251.0m

Accounts Receivable

(15.0m)72.0m17.0m(60.0m)

Inventories

(5.0m)(7.0m)1.0m

Accounts Payable

73.0m(87.0m)23.0m48.0m

Cash From Operating Activities

159.0m130.0m342.0m535.0m

Cash From Investing Activities

(808.0m)(155.0m)(8.0m)(126.0m)

Long-term Borrowings

(337.0m)(40.0m)

Dividends Paid

(84.0m)

Cash From Financing Activities

511.0m37.0m(216.0m)(128.0m)

Net Change in Cash

113.0m288.0m

Free Cash Flow

125.0m54.0m300.0m491.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(36.0m)(95.0m)(279.0m)(65.0m)40.0m33.0m24.0m44.0m187.0m5.0m4.0m325.0m

Depreciation and Amortization

78.0m157.0m238.0m233.0m150.0m225.0m63.0m126.0m190.0m65.0m134.0m205.0m

Accounts Receivable

(56.0m)118.0m67.0m16.0m25.0m(7.0m)(65.0m)(41.0m)(55.0m)(93.0m)(15.0m)(43.0m)

Inventories

(1.0m)(2.0m)(4.0m)(3.0m)(1.0m)3.0m3.0m3.0m2.0m2.0m1.0m(1.0m)

Accounts Payable

(79.0m)(121.0m)(96.0m)(86.0m)(41.0m)(47.0m)(12.0m)(43.0m)(55.0m)(23.0m)(100.0m)(84.0m)

Cash From Operating Activities

(52.0m)79.0m41.0m118.0m172.0m207.0m156.0m226.0m309.0m136.0m136.0m265.0m

Cash From Investing Activities

(26.0m)(75.0m)(92.0m)(79.0m)5.0m1.0m(12.0m)(12.0m)(6.0m)(6.0m)(28.0m)451.0m

Long-term Borrowings

(39.0m)(39.0m)(40.0m)(1.0m)(32.0m)

Dividends Paid

(54.0m)(54.0m)(125.0m)(425.0m)

Cash From Financing Activities

54.0m(5.0m)43.0m(15.0m)(100.0m)(105.0m)(38.0m)(93.0m)(97.0m)(3.0m)(149.0m)(453.0m)

Net Change in Cash

96.0m117.0m208.0m129.0m(35.0m)

Free Cash Flow

(64.0m)49.0m(5.0m)67.0m149.0m176.0m148.0m208.0m280.0m120.0m107.0m225.0m
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Warner Music Operating Metrics

FY, 2017

Artwork Copyrights

1 m

Countries

51

Songwriters and Composers

70 k
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Warner Music Employee Rating

3.0323 votes
Culture & Values
3.4
Work/Life Balance
3.3
Senior Management
2.7
Salary & Benefits
3.0
Career Opportunities
2.3
Source