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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 261 $ 430
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 272 244
Unrealized losses and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts 84 10
Deferred income taxes 7 29
Net gain on investments (27) (4)
Net gain on divestitures 0 (32)
Non-cash interest expense 4 5
Non-cash stock-based compensation expense 43 28
Non-cash impairments 102 50
Changes in operating assets and liabilities:    
Accounts receivable, net (21) (95)
Inventories 0 34
Royalty advances (295) (183)
Other noncurrent assets 0 (85)
Accounts payable and accrued liabilities (191) (119)
Royalty payables 246 352
Accrued interest 15 8
Operating lease liabilities (12) (4)
Deferred revenue 24 (205)
Other balance sheet changes, net (65) (13)
Net cash provided by operating activities 447 450
Cash flows from investing activities    
Acquisition of music publishing rights and music catalogs (152) (123)
Capital expenditures (111) (83)
Investments and acquisitions of businesses, net of cash received (46) (26)
Proceeds from the sale of investments 36 12
Proceeds from divestitures 0 19
Net cash used in investing activities (273) (201)
Cash flows from financing activities    
Partial proceeds from Senior Term Loan Facility refinancing 0 42
Deferred financing costs paid 0 (2)
Distribution to noncontrolling interest holders (8) (6)
Dividends paid (283) (267)
Payment of deferred consideration (23) 0
Taxes paid related to net share settlement of restricted stock units and common stock (19) (5)
Common stock repurchased and retired (3) 0
Other financing activity (7) 0
Net cash used in financing activities (344) (280)
Effect of exchange rate changes on cash and equivalents 3 (3)
Net decrease in cash and equivalents (167) (34)
Cash and equivalents at beginning of period 694 641
Cash and equivalents at end of period 527 607
Senior Term Loan Facility    
Cash flows from financing activities    
Repayments of secured debt 0 (42)
Mortgage Term Loan due 2033    
Cash flows from financing activities    
Repayments of secured debt $ (1) $ 0