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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 1,010 $ 1,058 $ 3,337 $ 3,351
Costs and expenses:        
Cost of revenue (527) (577) (1,727) (1,762)
Selling, general and administrative expenses [1] (869) (372) (1,786) (1,102)
Amortization expense (47) (51) (141) (160)
Total costs and expenses (1,443) (1,000) (3,654) (3,024)
Operating (loss) income (433) 58 (317) 327
Loss on extinguishment of debt 0 (4) 0 (7)
Interest expense, net (32) (36) (98) (108)
Other (expense) income (3) (16) (12) 41
(Loss) income before income taxes (468) 2 (427) 253
Income tax (expense) benefit (51) 12 (44) (86)
Net (loss) income (519) 14 (471) 167
Less: Income attributable to noncontrolling interest (1) (1) (3) (1)
Net (loss) income attributable to Warner Music Group Corp. (520) $ 13 (474) $ 166
Net (loss) income per share attributable to Warner Music Group Corp.’s stockholders:        
Basic and Diluted (in dollars per share)   $ 0.03   $ 0.33
Class A Common Stock        
Costs and expenses:        
Net (loss) income attributable to Warner Music Group Corp. $ (21)   $ (7)  
Net (loss) income per share attributable to Warner Music Group Corp.’s stockholders:        
Basic and Diluted (in dollars per share) $ (1.03) $ 0 $ (1.09) $ 0
Weighted average common shares:        
Basic and Diluted (in shares) 20,307,692 0 6,769,231 0
Class B Common Stock        
Costs and expenses:        
Net (loss) income attributable to Warner Music Group Corp. $ (499)   $ (467)  
Net (loss) income per share attributable to Warner Music Group Corp.’s stockholders:        
Basic and Diluted (in dollars per share) $ (1.03) $ 0.03 $ (0.94) $ 0.33
Weighted average common shares:        
Basic and Diluted (in shares) 483,796,267 501,991,944 495,926,718 501,991,944
[1] Includes depreciation expense of $(15) and $(15) for the three months ended June 30, 2020 and June 30, 2019, respectively, and $(53) and $(43) for the nine months ended June 30, 2020 and June 30, 2019, respectively.