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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 1,432 $ 1,340 $ 4,422 $ 3,925
Costs and expenses:        
Cost of revenue (766) (681) (2,281) (1,990)
Selling, general and administrative expenses [1] (451) (437) (1,392) (1,256)
Amortization expense (69) (60) (198) (170)
Total costs and expenses (1,286) (1,178) (3,871) (3,416)
Operating income 146 162 551 509
Loss on extinguishment of debt 0 (12) 0 (12)
Interest expense, net (32) (30) (94) (93)
Other income (expense) 50 (18) 96 0
Income before income taxes 164 102 553 404
Income tax expense (39) (41) (148) (127)
Net income 125 61 405 277
Less: Income attributable to noncontrolling interest (1) 0 (2) (1)
Net income attributable to Warner Music Group Corp. 124 61 403 276
Class A Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 34 $ 15 $ 108 $ 61
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.24 $ 0.12 $ 0.77 $ 0.53
Diluted (in dollars per share) $ 0.24 $ 0.12 $ 0.77 $ 0.53
Weighted average common shares:        
Basic (in shares) 137,164,878 116,890,959 132,494,389 108,245,599
Diluted (in shares) 137,164,878 116,890,959 132,494,389 108,245,599
Class B Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 90 $ 46 $ 295 $ 215
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.24 $ 0.12 $ 0.77 $ 0.53
Diluted (in dollars per share) $ 0.24 $ 0.12 $ 0.77 $ 0.53
Weighted average common shares:        
Basic (in shares) 377,650,449 397,461,268 382,178,087 404,933,311
Diluted (in shares) 377,650,449 397,461,268 382,178,087 404,933,311
[1] Includes depreciation expense of $(18) and $(19) for the three months ended June 30, 2022 and June 30, 2021, respectively, and $(59) and $(57) for the nine months ended June 30, 2022 and June 30, 2021, respectively.