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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 285 $ 405
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 253 257
Unrealized losses (gains) and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts 71 (107)
Deferred income taxes (18) 37
Loss on extinguishment of debt 4 0
Net (gain) loss on divestitures and investments (44) 33
Non-cash interest expense 2 4
Non-cash stock-based compensation expense 42 35
Changes in operating assets and liabilities:    
Accounts receivable, net (94) (156)
Inventories 0 (2)
Royalty advances (67) (93)
Accounts payable and accrued liabilities (93) (103)
Royalty payables 250 162
Accrued interest 12 15
Operating lease liabilities (2) (6)
Deferred revenue (207) (145)
Other balance sheet changes (45) 0
Net cash provided by operating activities 349 336
Cash flows from investing activities    
Acquisition of music publishing rights and music catalogs, net (53) (178)
Capital expenditures (89) (97)
Investments and acquisitions of businesses, net of cash received (26) (499)
Proceeds from the sale of investments 22 11
Proceeds from divestitures 42 0
Net cash used in investing activities (104) (763)
Cash flows from financing activities    
Deferred financing costs paid (3) (5)
Distribution to noncontrolling interest holders (11) (5)
Dividends paid (251) (235)
Payment of deferred and contingent consideration (133) (4)
Taxes paid related to net share settlement of restricted stock units 0 (6)
Net cash (used in) provided by financing activities (233) 280
Effect of exchange rate changes on cash and equivalents 4 (7)
Net increase (decrease) in cash and equivalents 16 (154)
Cash and equivalents at beginning of period 584 499
Cash and equivalents at end of period 600 345
3.750% Senior Secured Notes due 2029    
Cash flows from financing activities    
Proceeds from issuance of secured debt 0 535
Senior Term Loan Facility Due In Two Thousand And Twenty Three, Tranche G    
Cash flows from financing activities    
Proceeds from issuance of secured debt 149 0
Senior Term Loan Facility Due In Two Thousand And Twenty Three, Tranche H    
Cash flows from financing activities    
Proceeds from issuance of secured debt 147 0
Repayment of Senior Term Loan Facility - Tranche H (150) 0
Term Loan Mortgage    
Cash flows from financing activities    
Proceeds from issuance of secured debt $ 19 $ 0