XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenue $ 1,376 $ 1,250 $ 2,990 $ 2,585
Costs and expenses:        
Cost of revenue (697) (623) (1,515) (1,309)
Selling, general and administrative expenses [1] (444) (418) (941) (819)
Amortization expense (69) (58) (129) (110)
Total costs and expenses (1,210) (1,099) (2,585) (2,238)
Operating income 166 151 405 347
Interest expense, net (32) (32) (62) (63)
Other (expense) income (8) 49 46 18
Income before income taxes 126 168 389 302
Income tax expense (34) (51) (109) (86)
Net income 92 117 280 216
Less: Income attributable to noncontrolling interest 0 0 (1) (1)
Net income attributable to Warner Music Group Corp. 92 117 279 215
Class A Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 25 $ 27 $ 73 $ 46
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.18 $ 0.23 $ 0.53 $ 0.41
Diluted (in dollars per share) $ 0.18 $ 0.23 $ 0.53 $ 0.41
Weighted average common shares:        
Basic (in shares) 136,349,147 113,623,893 130,159,145 103,922,919
Diluted (in shares) 136,349,147 113,623,893 130,159,145 103,922,919
Class B Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 67 $ 90 $ 206 $ 169
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.18 $ 0.22 $ 0.53 $ 0.41
Diluted (in dollars per share) $ 0.18 $ 0.22 $ 0.53 $ 0.41
Weighted average common shares:        
Basic (in shares) 378,431,527 400,705,856 384,441,906 408,669,332
Diluted (in shares) 378,431,527 400,705,856 384,441,906 408,669,332
[1] Includes depreciation expense of $(20) and $(19) for the three months ended March 31, 2022 and March 31, 2021, respectively, and $(41) and $(38) for the six months ended March 31, 2022 and March 31, 2021, respectively.