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Warner Music Group Corp. (WMG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenue    5,9195,7985,7065,5805,3015,051
            Revenue growth    11.7%14.8%20.9%22.9%18.8%13.2%
Costs and expenses:          
Cost of revenue    -3,080-3,033-2,948-2,874-2,742-2,596
Selling, general and administrative expenses    1,8621,8571,8431,8171,7211,639
Amortization expense    263257248237229219
Total costs and expenses    5,2055,1475,0394,9284,6924,454
    Operating income    714651667652609597
            Operating margin    12.1%11.2%11.7%11.7%11.5%11.8%
Loss on extinguishment of debt        -22-46
Interest expense, net    -125-123-121-121-122-122
Other income (expense)    151871976-9-45
    Income before income taxes    740605543585456384
Income tax expense    -185.0-170.0-172.0-189.0-149.0-106.0
    Net income    555435371396307278
Less: Income attributable to noncontrolling interest    -4.0-4.0 -3.0-3.0 
    Net income attributable to Warner Music Group Corp.    551431368393304275
   
Net income per share attributable to common stockholders:          
Basic (in dollars per share)          
Diluted (in dollars per share)          
Weighted average common shares:          
Basic (in shares)          
Diluted (in shares)          

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