Warner Music Group Corp. (WMG) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Assets
Cash and equivalents	600	601	584	345	385	450	499	442
Accounts receivable, net	1,113	1,017	984	970	914	941	839	834
Inventories	116	114	108	93	94	84	99	79
Other current assets	488	480	463	493	519	546	459	379
Total current assets	2,317	2,212	2,139	1,901	1,912	2,021	1,896	1,734
Property, plant, and equipment, net	454	440	415	403	386	378	364	347
Intangibles	2,345	2,382	2,384	2,494	2,563	2,624	2,171	2,217
Goodwill	1,962	1,960	1,920	1,932	1,922	1,945	1,830	1,836
Other fixed assets	209	198	212	208	189	220	194	213
Total assets	8,150	8,010	7,828	7,699	7,781	8,015	7,211	7,040

Accounts payable	249	282	268	265	320	274	302	226
Accrued expenses	422	411	457	395	371	466	461	385
Short-term debt	0	0	0	0	0	0	0	0
Other current liabilities	2,619	2,494	2,643	2,463	2,440	2,617	2,387	2,291
Total current liabilities	3,290	3,187	3,368	3,123	3,131	3,357	3,150	2,902
Long-term debt	3,988	3,986	3,732	3,785	3,829	3,846	3,346	3,367
Other liabilities	573	571	560	619	648	640	669	676
Total liabilities	7,851	7,744	7,660	7,527	7,608	7,843	7,165	6,945

Shareholders' equity [+]	299	266	168	172	173	172	46	95
Paid-in capital	2,007	2,000	1,975	1,975	1,971	1,973	1,942	1,934
Retained earnings	-1,450	-1,488	-1,477	-1,542	-1,587	-1,601	-1,710	-1,660
Tangible shareholders' equity	-4,008	-4,076	-4,136	-4,254	-4,312	-4,397	-3,955	-3,958