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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 1,340 $ 1,010 $ 3,925 $ 3,337
Costs and expenses:        
Cost of revenue (681) (527) (1,990) (1,727)
Selling, general and administrative expenses [1] (437) (869) (1,256) (1,786)
Amortization expense (60) (47) (170) (141)
Total costs and expenses (1,178) (1,443) (3,416) (3,654)
Operating income (loss) 162 (433) 509 (317)
Loss on extinguishment of debt (12) 0 (12) 0
Interest expense, net (30) (32) (93) (98)
Other (expense) income (18) (3) 0 (12)
Income (loss) before income taxes 102 (468) 404 (427)
Income tax expense (41) (51) (127) (44)
Net income (loss) 61 (519) 277 (471)
Less: Income attributable to noncontrolling interest 0 (1) (1) (3)
Net income (loss) attributable to Warner Music Group Corp. 61 (520) 276 (474)
Class A Common Stock        
Costs and expenses:        
Net income (loss) attributable to Warner Music Group Corp. $ 15 $ (21) $ 61 $ (7)
Net income (loss) per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.12 $ (1.03) $ 0.53 $ (1.09)
Diluted (in dollars per share) $ 0.12 $ (1.03) $ 0.53 $ (1.09)
Weighted average common shares:        
Basic (in shares) 116,890,959 20,307,692 108,245,599 6,769,231
Diluted (in shares) 116,890,959 20,307,692 108,245,599 6,769,231
Class B Common Stock        
Costs and expenses:        
Net income (loss) attributable to Warner Music Group Corp. $ 46 $ (499) $ 215 $ (467)
Net income (loss) per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.12 $ (1.03) $ 0.53 $ (0.94)
Diluted (in dollars per share) $ 0.12 $ (1.03) $ 0.53 $ (0.94)
Weighted average common shares:        
Basic (in shares) 397,461,268 483,796,267 404,933,311 495,926,718
Diluted (in shares) 397,461,268 483,796,267 404,933,311 495,926,718
[1] Includes depreciation expense of $(19) and $(15) for the three months ended June 30, 2021 and June 30, 2020, respectively, and $(57) and $(53) for the nine months ended June 30, 2021 and June 30, 2020, respectively.