Warner Music Group Revenue

Warner Music Group 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 Group Revenue Breakdown

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

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

Warner Music Group Income Statement

Annual

USDFY, 2016FY, 2017

Revenue

3.2 b3.6 b

Revenue growth, %

10%

Cost of goods sold

1.7 b1.9 b

Gross profit

1.5 b1.6 b

Gross profit Margin, %

47%46%

General and administrative expense

1.1 b1.2 b

Operating expense total

1.1 b1.2 b

Depreciation and amortization

243 m201 m

EBIT

214 m222 m

EBIT margin, %

7%6%

Interest expense

173 m149 m

Pre tax profit

41 m(2 m)

Income tax expense

11 m(151 m)

Net Income

30 m149 m

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

917 m825 m917 m1 b963 m3 b

Cost of goods sold

496 m415 m519 m569 m488 m1.6 b

Gross profit

421 m410 m398 m476 m475 m1.4 b

Gross profit Margin, %

46%50%43%46%49%46%

General and administrative expense

276 m282 m296 m333 m337 m1 b

Operating expense total

276 m282 m296 m333 m337 m(2.8 b)

Depreciation and amortization

51 m50 m51 m53 m55 m(164 m)

EBIT

94 m78 m51 m90 m83 m201 m

EBIT margin, %

10%9%6%9%9%7%

Interest expense

40 m36 m36 m36 m36 m105 m

Pre tax profit

41 m23 m(9 m)57 m18 m457 m

Income tax expense

17 m3 m(152 m)52 m19 m(132 m)

Net Income

24 m20 m143 m5 m(1 m)325 m

Warner Music Group Balance Sheet

Annual

USDFY, 2016FY, 2017

Cash

359 m647 m

Accounts Receivable

329 m404 m

Prepaid Expenses

51 m44 m

Inventories

41 m39 m

Current Assets

908 m1.3 b

PP&E

203 m213 m

Goodwill

1.6 b1.7 b

Total Assets

5.3 b5.7 b

Accounts Payable

204 m208 m

Current Liabilities

1.8 b2.1 b

Long-term debt

2.8 b2.8 b

Non-Current Liabilities

3.3 b3.3 b

Total Debt

2.8 b2.8 b

Total Liabilities

5.1 b5.4 b

Additional Paid-in Capital

1.1 b1.1 b

Retained Earnings

(715 m)(654 m)

Total Equity

210 m308 m

Debt to Equity Ratio

13.2 x9.1 x

Debt to Assets Ratio

0.5 x0.5 x

Financial Leverage

25.4 x18.6 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

455 m476 m567 m776 m612 m905 m

Accounts Receivable

384 m361 m380 m499 m42.7 m

Prepaid Expenses

59 m57 m57 m47 m62 m

Inventories

36 m36 m38 m38 m39 m40 m

Current Assets

1.1 b1.1 b1.2 b1.5 b1.4 b1.6 b

PP&E

195 m197 m203 m213 m214 m203 m

Goodwill

1.6 b1.6 b1.6 b1.7 b1.7 b1.7 b

Total Assets

5.3 b5.3 b5.5 b5.9 b5.8 b5.8 b

Accounts Payable

152 m200 m166 m166 m203 m168 m

Short-term debt

111 m

Current Liabilities

1.9 b1.9 b1.9 b2.2 b2.3 b2.3 b

Long-term debt

2.8 b2.8 b2.8 b2.8 b2.8 b2.8 b

Non-Current Liabilities

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

Total Debt

2.8 b2.8 b2.8 b2.8 b2.9 b2.8 b

Total Liabilities

5.2 b5.1 b5.2 b5.6 b5.6 b5.6 b

Additional Paid-in Capital

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

Retained Earnings

(747 m)(726 m)(615 m)(650 m)(778 m)(758 m)

Total Equity

140 m187 m325 m321 m205 m191 m

Debt to Equity Ratio

19.7 x14.8 x8.6 x8.8 x14.4 x

Debt to Assets Ratio

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

Financial Leverage

38.1 x28.4 x16.9 x18.3 x28.2 x30.2 x

Warner Music Group Cash Flow

Annual

USDFY, 2016FY, 2017

Net Income

30 m149 m

Depreciation and Amortization

293 m251 m

Accounts Receivable

17 m(60 m)

Inventories

1 m

Accounts Payable

23 m48 m

Cash From Operating Activities

342 m535 m

Cash From Investing Activities

(8 m)(126 m)

Long-term Borrowings

(337 m)(40 m)

Dividends Paid

(84 m)

Cash From Financing Activities

(216 m)(128 m)

Net Change in Cash

113 m288 m

Free Cash Flow

300 m491 m

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

24 m44 m187 m5 m4 m325 m

Depreciation and Amortization

63 m126 m190 m65 m134 m205 m

Accounts Receivable

(65 m)(41 m)(55 m)(93 m)(15 m)(43 m)

Inventories

3 m3 m2 m2 m1 m(1 m)

Accounts Payable

(12 m)(43 m)(55 m)(23 m)(100 m)(84 m)

Cash From Operating Activities

156 m226 m309 m136 m136 m265 m

Cash From Investing Activities

(12 m)(12 m)(6 m)(6 m)(28 m)451 m

Long-term Borrowings

(39 m)(39 m)(40 m)(1 m)(32 m)

Dividends Paid

(54 m)(54 m)(125 m)(425 m)

Cash From Financing Activities

(38 m)(93 m)(97 m)(3 m)(149 m)(453 m)

Net Change in Cash

96 m117 m208 m129 m(35 m)

Free Cash Flow

148 m208 m280 m120 m107 m225 m
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Warner Music Group Operating Metrics

FY, 2017

Artwork Copyrights

1 m

Countries

51

Songwriters and Composers

70 k
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