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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities      
Net income $ 370 $ 478 $ 439
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 376 327 332
Unrealized losses (gains) and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts 70 68 38
Deferred income taxes (90) (48) (13)
Loss on extinguishment of debt 0 0 4
Net loss (gain) on investments (27) (6) (3)
Net loss (gain) on divestitures 0 (32) (42)
Non-cash interest expense 7 6 2
Non-cash stock-based compensation expense 54 52 49
Non-cash impairments and restructuring 139 57 0
Changes in operating assets and liabilities:      
Accounts receivable, net (61) (110) (113)
Inventories (11) 30 (12)
Royalty advances (312) (222) (191)
Other noncurrent assets 4 (85) (10)
Accounts payable and accrued liabilities (28) 86 77
Royalty payables 167 275 256
Accrued interest 7 (6) 1
Operating lease liabilities (15) (5) (4)
Deferred revenue 40 (133) (58)
Other balance sheet changes (12) 22 (65)
Net cash provided by operating activities 678 754 687
Cash flows from investing activities      
Acquisition of music publishing rights and music catalogs (195) (187) (114)
Capital expenditures (139) (116) (127)
Investments and acquisitions of businesses, net of cash received (46) (40) (126)
Proceeds from the sale of investments 40 13 22
Proceeds from divestitures 0 19 45
Net cash used in investing activities (340) (311) (300)
Cash flows from financing activities      
Deferred financing costs paid (2) (2) (3)
Distribution to noncontrolling interest holders (15) (8) (12)
Dividends paid (383) (361) (340)
Payment of deferred and contingent consideration (23) (20) (133)
Taxes paid related to net share settlement of restricted stock units and common stock (20) (5) 0
Common stock repurchased and retired (16) 0 0
Redemption of noncontrolling interests (37) 0 (1)
Net cash used in financing activities (497) (396) (325)
Effect of exchange rate changes on cash and equivalents 0 6 (5)
Cash balances classified as assets held for sale (3) 0 0
Net (decrease) increase in cash and equivalents (162) 53 57
Cash and equivalents at beginning of period 694 641 584
Cash and equivalents at end of period 532 694 641
Senior Term Loan Facility      
Cash flows from financing activities      
Proceeds from issuance of secured note 0 104 146
Repayment of senior secured notes 0 (104) 0
Mortgage Term Loan due 2033      
Cash flows from financing activities      
Proceeds from issuance of secured note 0 0 19
Repayment of senior secured notes $ (1) $ 0 $ (1)