XML 24 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 5,919 $ 5,301 $ 4,463
Costs and expenses:      
Cost of revenue (3,080) (2,742) (2,333)
Selling, general and administrative expenses [1] (1,862) (1,721) (2,169)
Amortization expense (263) (229) (190)
Total costs and expenses (5,205) (4,692) (4,692)
Operating income (loss) 714 609 (229)
Loss on extinguishment of debt 0 (22) (34)
Interest expense, net (125) (122) (127)
Other income (expense), net 151 (9) (57)
Income (loss) before income taxes 740 456 (447)
Income tax expense (185) (149) (23)
Net income (loss) 555 307 (470)
Less: Income attributable to noncontrolling interest (4) (3) (5)
Net income (loss) attributable to Warner Music Group Corp. 551 304 (475)
Common Class A      
Costs and expenses:      
Net income (loss) attributable to Warner Music Group Corp. $ 149 $ 68 $ (21)
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ 1.06 $ 0.58 $ (0.82)
Diluted (in dollars per share) $ 1.06 $ 0.58 $ (0.82)
Weighted average common shares:      
Basic (in shares) 133,662,142 110,560,517 26,897,115
Diluted (in shares) 133,662,142 110,560,517 26,897,115
Common Class B      
Costs and expenses:      
Net income (loss) attributable to Warner Music Group Corp. $ 402 $ 236 $ (454)
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ 1.06 $ 0.58 $ (0.95)
Diluted (in dollars per share) $ 1.06 $ 0.58 $ (0.95)
Weighted average common shares:      
Basic (in shares) 381,046,177 402,911,743 477,624,846
Diluted (in shares) 381,046,177 402,911,743 477,624,846
[1] Includes depreciation expense of $(76), $(77), and $(71) for the fiscal years ended September 30, 2022, 2021, and 2020 respectively.