WMG: Warner Music Group Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Warner Music Group Corp (WMG).
$16.21B Market Cap.
WMG Market Cap. (MRY)
WMG Shares Outstanding (MRY)
WMG Assets (MRY)
Total Assets
$9.15B
Total Liabilities
$8.48B
Total Investments
$0
WMG Income (MRY)
Revenue
$6.43B
Net Income
$435.00M
Operating Expense
$2.28B
WMG Cash Flow (MRY)
CF Operations
$754.00M
CF Investing
-$311.00M
CF Financing
-$396.00M
WMG Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $9,155,000,000 (7.14%) | $8,545,000,000 (9.16%) | $7,828,000,000 (8.56%) | $7,211,000,000 (12.50%) |
Assets Current | $2,643,000,000 (10.03%) | $2,402,000,000 (12.30%) | $2,139,000,000 (12.82%) | $1,896,000,000 (12.99%) |
Assets Non-Current | $6,512,000,000 (6.01%) | $6,143,000,000 (7.98%) | $5,689,000,000 (7.04%) | $5,315,000,000 (12.32%) |
Goodwill & Intangible Assets | $4,532,000,000 (0.82%) | $4,495,000,000 (4.44%) | $4,304,000,000 (7.57%) | $4,001,000,000 (9.98%) |
Shareholders Equity | $518,000,000 (68.73%) | $307,000,000 (101.97%) | $152,000,000 (390.32%) | $31,000,000 (149.21%) |
Property Plant & Equipment Net | $706,000,000 (0.43%) | $703,000,000 (9.67%) | $641,000,000 (1.42%) | $632,000,000 (4.64%) |
Cash & Equivalents | $694,000,000 (8.27%) | $641,000,000 (9.76%) | $584,000,000 (17.03%) | $499,000,000 (-9.76%) |
Accumulated Other Comprehensive Income | -$247,000,000 (23.29%) | -$322,000,000 (7.20%) | -$347,000,000 (-71.78%) | -$202,000,000 (9.01%) |
Deferred Revenue | $246,000,000 (-33.69%) | $371,000,000 (-12.29%) | $423,000,000 (21.55%) | $348,000,000 (17.17%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $99,000,000 (-21.43%) | $126,000,000 (16.67%) | $108,000,000 (9.09%) | $99,000,000 (25.32%) |
Trade & Non-Trade Receivables | $1,255,000,000 (12.05%) | $1,120,000,000 (13.82%) | $984,000,000 (17.28%) | $839,000,000 (8.82%) |
Trade & Non-Trade Payables | $289,000,000 (-3.67%) | $300,000,000 (11.94%) | $268,000,000 (-11.26%) | $302,000,000 (14.39%) |
Accumulated Retained Earnings (Deficit) | -$1,313,000,000 (5.34%) | -$1,387,000,000 (6.09%) | -$1,477,000,000 (13.63%) | -$1,710,000,000 (2.23%) |
Tax Assets | $52,000,000 (62.50%) | $32,000,000 (10.34%) | $29,000,000 (-6.45%) | $31,000,000 (-54.41%) |
Tax Liabilities | $195,000,000 (-9.72%) | $216,000,000 (-1.82%) | $220,000,000 (6.28%) | $207,000,000 (26.99%) |
Total Debt | $4,287,000,000 (0.63%) | $4,260,000,000 (6.15%) | $4,013,000,000 (9.17%) | $3,676,000,000 (6.80%) |
Debt Current | $45,000,000 (9.76%) | $41,000,000 (2.50%) | $40,000,000 (-6.98%) | $43,000,000 (10.26%) |
Debt Non-Current | $4,242,000,000 (0.55%) | $4,219,000,000 (6.19%) | $3,973,000,000 (9.36%) | $3,633,000,000 (6.76%) |
Total Liabilities | $8,480,000,000 (4.50%) | $8,115,000,000 (5.94%) | $7,660,000,000 (6.91%) | $7,165,000,000 (11.00%) |
Liabilities Current | $3,897,000,000 (10.12%) | $3,539,000,000 (5.08%) | $3,368,000,000 (6.92%) | $3,150,000,000 (15.81%) |
Liabilities Non-Current | $4,583,000,000 (0.15%) | $4,576,000,000 (6.62%) | $4,292,000,000 (6.90%) | $4,015,000,000 (7.50%) |
WMG Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $6,426,000,000 (6.44%) | $6,037,000,000 (1.99%) | $5,919,000,000 (11.66%) | $5,301,000,000 (18.78%) |
Cost of Revenue | $3,355,000,000 (5.60%) | $3,177,000,000 (3.15%) | $3,080,000,000 (12.33%) | $2,742,000,000 (17.53%) |
Selling General & Administrative Expense | $1,879,000,000 (2.90%) | $1,826,000,000 (-1.93%) | $1,862,000,000 (8.19%) | $1,721,000,000 (-20.65%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $2,280,000,000 (8.01%) | $2,111,000,000 (-0.66%) | $2,125,000,000 (8.97%) | $1,950,000,000 (-17.34%) |
Interest Expense | $161,000,000 (14.18%) | $141,000,000 (12.80%) | $125,000,000 (2.46%) | $122,000,000 (-3.94%) |
Income Tax Expense | $123,000,000 (-27.65%) | $170,000,000 (-8.11%) | $185,000,000 (24.16%) | $149,000,000 (547.83%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $478,000,000 (8.88%) | $439,000,000 (-20.90%) | $555,000,000 (80.78%) | $307,000,000 (165.32%) |
Net Income to Non-Controlling Interests | $43,000,000 (377.78%) | $9,000,000 (125.00%) | $4,000,000 (33.33%) | $3,000,000 (-40.00%) |
Net Income | $435,000,000 (1.16%) | $430,000,000 (-21.96%) | $551,000,000 (81.25%) | $304,000,000 (164.00%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $435,000,000 (1.16%) | $430,000,000 (-21.96%) | $551,000,000 (81.25%) | $304,000,000 (164.00%) |
Weighted Average Shares | $517,523,000 (0.35%) | $515,720,000 (0.20%) | $514,708,000 (0.24%) | $513,473,000 (1.77%) |
Weighted Average Shares Diluted | $517,523,000 (0.35%) | $515,720,000 (0.20%) | $514,708,000 (0.24%) | $513,473,000 (1.77%) |
Earning Before Interest & Taxes (EBIT) | $719,000,000 (-2.97%) | $741,000,000 (-13.94%) | $861,000,000 (49.74%) | $575,000,000 (276.92%) |
Gross Profit | $3,071,000,000 (7.38%) | $2,860,000,000 (0.74%) | $2,839,000,000 (10.94%) | $2,559,000,000 (20.14%) |
Operating Income | $791,000,000 (5.61%) | $749,000,000 (4.90%) | $714,000,000 (17.24%) | $609,000,000 (365.94%) |
WMG Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$311,000,000 (-3.67%) | -$300,000,000 (63.59%) | -$824,000,000 (-29.15%) | -$638,000,000 (-191.32%) |
Net Cash Flow from Financing | -$396,000,000 (-21.85%) | -$325,000,000 (-272.87%) | $188,000,000 (408.20%) | -$61,000,000 (80.70%) |
Net Cash Flow from Operations | $754,000,000 (9.75%) | $687,000,000 (-7.41%) | $742,000,000 (16.30%) | $638,000,000 (37.80%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $53,000,000 (-7.02%) | $57,000,000 (-32.94%) | $85,000,000 (257.41%) | -$54,000,000 (18.18%) |
Net Cash Flow - Business Acquisitions and Disposals | -$208,000,000 (-6.67%) | -$195,000,000 (72.14%) | -$700,000,000 (-28.44%) | -$545,000,000 (-306.72%) |
Net Cash Flow - Investment Acquisitions and Disposals | $13,000,000 (-40.91%) | $22,000,000 (100.00%) | $11,000,000 (0%) | $0 (0%) |
Capital Expenditure | -$116,000,000 (8.66%) | -$127,000,000 (5.93%) | -$135,000,000 (-45.16%) | -$93,000,000 (-9.41%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | $164,000,000 (-69.35%) | $535,000,000 (139.91%) | $223,000,000 (328.85%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$361,000,000 (-6.18%) | -$340,000,000 (-6.92%) | -$318,000,000 (-20.00%) | -$265,000,000 (22.97%) |
Effect of Exchange Rate Changes on Cash | $6,000,000 (220.00%) | -$5,000,000 (76.19%) | -$21,000,000 (-400.00%) | $7,000,000 (16.67%) |
Share Based Compensation | $52,000,000 (6.12%) | $49,000,000 (25.64%) | $39,000,000 (-13.33%) | $45,000,000 (-92.60%) |
Depreciation Amortization & Accretion | $327,000,000 (-1.51%) | $332,000,000 (-2.06%) | $339,000,000 (10.78%) | $306,000,000 (17.24%) |
WMG Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 47.80% (0.84%) | 47.40% (-1.25%) | 48.00% (-0.62%) | 48.30% (1.26%) |
Profit Margin | 6.80% (-4.23%) | 7.10% (-23.66%) | 9.30% (63.16%) | 5.70% (153.77%) |
EBITDA Margin | 16.30% (-8.43%) | 17.80% (-12.32%) | 20.30% (22.29%) | 16.60% (1285.71%) |
Return on Average Equity (ROAE) | 91.70% (-40.84%) | 155.00% (-56.75%) | 358.40% (-45.47%) | 657.30% (106.50%) |
Return on Average Assets (ROAA) | 4.90% (-5.77%) | 5.20% (-25.71%) | 7.00% (62.79%) | 4.30% (156.58%) |
Return on Sales (ROS) | 11.20% (-8.94%) | 12.30% (-15.17%) | 14.50% (34.26%) | 10.80% (247.95%) |
Return on Invested Capital (ROIC) | 16.50% (-8.33%) | 18.00% (-20.70%) | 22.70% (28.98%) | 17.60% (253.04%) |
Dividend Yield | 2.20% (4.76%) | 2.10% (-19.23%) | 2.60% (116.67%) | 1.20% (200.00%) |
Price to Earnings Ratio (P/E) | 37.71 (-1.52%) | 38.29 (74.89%) | 21.9 (-70.29%) | 73.69 (343.58%) |
Price to Sales Ratio (P/S) | 2.52 (-6.00%) | 2.68 (32.90%) | 2.02 (-51.26%) | 4.14 (27.42%) |
Price to Book Ratio (P/B) | 31.3 (-40.70%) | 52.78 (-32.87%) | 78.62 (-88.91%) | 709.18 (404.82%) |
Debt to Equity Ratio (D/E) | 16.37 (-38.07%) | 26.43 (-47.55%) | 50.4 (-78.20%) | 231.13 (325.58%) |
Earnings Per Share (EPS) | 0.83 (1.22%) | 0.82 (-22.64%) | 1.06 (82.76%) | 0.58 (161.05%) |
Sales Per Share (SPS) | 12.42 (6.07%) | 11.71 (1.79%) | 11.5 (11.39%) | 10.32 (16.71%) |
Free Cash Flow Per Share (FCFPS) | 1.23 (13.54%) | 1.09 (-7.89%) | 1.18 (11.12%) | 1.06 (41.66%) |
Book Value Per Share (BVPS) | 1 (68.24%) | 0.59 (101.69%) | 0.29 (391.67%) | 0.06 (148.00%) |
Tangible Assets Book Value Per Share (TABVPS) | 8.93 (13.75%) | 7.85 (14.69%) | 6.85 (9.52%) | 6.25 (13.80%) |
Enterprise Value Over EBIT (EV/EBIT) | 28 (3.70%) | 27 (50.00%) | 18 (-59.09%) | 44 (181.48%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 18.98 (2.38%) | 18.54 (41.87%) | 13.07 (-54.39%) | 28.66 (110.50%) |
Asset Turnover | 0.72 (-2.04%) | 0.73 (-2.78%) | 0.76 (-0.13%) | 0.76 (6.02%) |
Current Ratio | 0.68 (-0.15%) | 0.68 (6.93%) | 0.64 (5.48%) | 0.6 (-2.43%) |
Dividends | $0.69 (6.15%) | $0.65 (6.56%) | $0.61 (19.61%) | $0.51 (325.00%) |
Free Cash Flow (FCF) | $638,000,000 (13.93%) | $560,000,000 (-7.74%) | $607,000,000 (11.38%) | $545,000,000 (44.18%) |
Enterprise Value (EV) | $19,856,860,537 (-0.19%) | $19,895,194,644 (26.85%) | $15,683,652,555 (-37.88%) | $25,245,721,812 (44.50%) |
Earnings Before Tax (EBT) | $558,000,000 (-7.00%) | $600,000,000 (-18.48%) | $736,000,000 (62.47%) | $453,000,000 (200.22%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $1,046,000,000 (-2.52%) | $1,073,000,000 (-10.58%) | $1,200,000,000 (36.21%) | $881,000,000 (1476.56%) |
Invested Capital | $4,319,000,000 (4.58%) | $4,130,000,000 (15.20%) | $3,585,000,000 (10.75%) | $3,237,000,000 (10.06%) |
Working Capital | -$1,254,000,000 (-10.29%) | -$1,137,000,000 (7.49%) | -$1,229,000,000 (1.99%) | -$1,254,000,000 (-20.35%) |
Tangible Asset Value | $4,623,000,000 (14.15%) | $4,050,000,000 (14.93%) | $3,524,000,000 (9.78%) | $3,210,000,000 (15.80%) |
Market Capitalization | $16,210,860,537 (0.05%) | $16,202,194,644 (35.59%) | $11,949,652,555 (-45.65%) | $21,984,721,812 (49.99%) |
Average Equity | $474,250,000 (70.90%) | $277,500,000 (80.49%) | $153,750,000 (232.43%) | $46,250,000 (130.99%) |
Average Assets | $8,926,750,000 (8.75%) | $8,208,500,000 (4.82%) | $7,830,750,000 (11.77%) | $7,006,000,000 (12.11%) |
Invested Capital Average | $4,348,500,000 (5.73%) | $4,112,750,000 (8.30%) | $3,797,500,000 (16.49%) | $3,260,000,000 (15.54%) |
Shares | 517,918,867 (0.37%) | 515,993,460 (0.22%) | 514,849,313 (0.09%) | 514,382,822 (0.86%) |
