2013 Q3 Form 10-Q Financial Statement
#000119312513325575 Filed on August 08, 2013
Income Statement
| Concept | 2013 Q3 | 2013 Q2 | 2012 Q3 |
|---|---|---|---|
| Revenue | $764.0M | $663.0M | $731.0M |
| YoY Change | 4.51% | 1.84% | 31.47% |
| Cost Of Revenue | $389.0M | $369.0M | $368.0M |
| YoY Change | 5.71% | 4.53% | 27.78% |
| Gross Profit | $375.0M | $294.0M | $363.0M |
| YoY Change | 3.31% | -1.34% | 35.45% |
| Gross Profit Margin | 49.08% | 44.34% | 49.66% |
| Selling, General & Admin | $352.0M | $238.0M | $260.0M |
| YoY Change | 35.38% | -2.46% | 39.78% |
| % of Gross Profit | 93.87% | 80.95% | 71.63% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $13.00M | $13.00M | $62.00M |
| YoY Change | -79.03% | -77.97% | 31.91% |
| % of Gross Profit | 3.47% | 4.42% | 17.08% |
| Operating Expenses | $352.0M | $238.0M | $322.0M |
| YoY Change | 9.32% | -2.46% | 73.12% |
| Operating Profit | -$41.00M | $8.000M | $41.00M |
| YoY Change | -200.0% | 14.29% | 20.59% |
| Interest Expense | -$54.00M | $47.00M | -$56.00M |
| YoY Change | -3.57% | -16.07% | -190.32% |
| % of Operating Profit | 587.5% | -136.59% | |
| Other Income/Expense, Net | -$1.000M | -$2.000M | $2.000M |
| YoY Change | -150.0% | -133.33% | |
| Pretax Income | -$96.00M | -$43.00M | -$13.00M |
| YoY Change | 638.46% | 0.0% | -53.57% |
| Income Tax | -$39.00M | $19.00M | $4.000M |
| % Of Pretax Income | |||
| Net Earnings | -$57.00M | -$63.00M | -$18.00M |
| YoY Change | 216.67% | 96.88% | -41.94% |
| Net Earnings / Revenue | -7.46% | -9.5% | -2.46% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$111.8K | -$123.5K | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.055K shares | 1.055K shares | 1.000K shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q3 | 2013 Q2 | 2012 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $155.0M | $102.0M | $302.0M |
| YoY Change | -48.68% | -53.42% | 96.1% |
| Cash & Equivalents | $155.0M | $102.0M | $302.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $195.0M | $61.00M | $44.00M |
| YoY Change | 343.18% | 22.0% | -2.22% |
| Inventory | $33.00M | $25.00M | $28.00M |
| Prepaid Expenses | |||
| Receivables | $511.0M | $309.0M | $398.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $894.0M | $667.0M | $939.0M |
| YoY Change | -4.79% | -16.42% | 17.08% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $180.0M | $135.0M | $152.0M |
| YoY Change | 18.42% | -13.46% | -16.48% |
| Goodwill | $1.668B | $1.393B | $1.380B |
| YoY Change | 20.87% | 1.02% | 0.58% |
| Intangibles | $3.227B | $2.459B | $2.601B |
| YoY Change | 24.07% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $110.0M | $91.00M | $64.00M |
| YoY Change | 71.88% | 33.82% | -9.86% |
| Total Long-Term Assets | $5.358B | $4.223B | $4.339B |
| YoY Change | 23.48% | -3.25% | -5.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $894.0M | $667.0M | $939.0M |
| Total Long-Term Assets | $5.358B | $4.223B | $4.339B |
| Total Assets | $6.252B | $4.890B | $5.278B |
| YoY Change | 18.45% | -5.29% | -1.9% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $280.0M | $121.0M | $156.0M |
| YoY Change | 79.49% | 3.42% | -5.45% |
| Accrued Expenses | $308.0M | $201.0M | $253.0M |
| YoY Change | 21.74% | -6.07% | 16.59% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $13.00M | $29.00M | |
| YoY Change | |||
| Total Short-Term Liabilities | $1.987B | $1.556B | $1.606B |
| YoY Change | 23.72% | 5.49% | 5.52% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.854B | $2.037B | $2.206B |
| YoY Change | 29.37% | -7.79% | -0.5% |
| Other Long-Term Liabilities | $229.0M | $157.0M | $147.0M |
| YoY Change | 55.78% | 9.03% | -0.68% |
| Total Long-Term Liabilities | $3.083B | $2.194B | $2.353B |
| YoY Change | 31.02% | -6.76% | -0.51% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.987B | $1.556B | $1.606B |
| Total Long-Term Liabilities | $3.083B | $2.194B | $2.353B |
| Total Liabilities | $5.509B | $4.096B | $4.334B |
| YoY Change | 27.11% | -2.52% | 0.84% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$341.0M | -$283.0M | -$143.0M |
| YoY Change | 138.46% | 126.4% | 361.29% |
| Common Stock | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $726.0M | $776.0M | $927.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $6.252B | $4.890B | $5.278B |
| YoY Change | 18.45% | -5.29% | -1.9% |
Cashflow Statement
| Concept | 2013 Q3 | 2013 Q2 | 2012 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$57.00M | -$63.00M | -$18.00M |
| YoY Change | 216.67% | 96.88% | -41.94% |
| Depreciation, Depletion And Amortization | $13.00M | $13.00M | $62.00M |
| YoY Change | -79.03% | -77.97% | 31.91% |
| Cash From Operating Activities | $12.00M | $22.00M | $102.0M |
| YoY Change | -88.24% | -156.41% | -259.38% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$13.00M | -$34.00M | -$19.00M |
| YoY Change | -31.58% | 78.95% | 5.56% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$719.0M | -$13.00M | -$3.000M |
| YoY Change | 23866.67% | -208.33% | -99.77% |
| Cash From Investing Activities | -$732.0M | -$47.00M | -$22.00M |
| YoY Change | 3227.27% | 571.43% | -98.3% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 771.0M | -163.0M | -1.000M |
| YoY Change | -77200.0% | -100.08% | |
| NET CHANGE | |||
| Cash From Operating Activities | 12.00M | 22.00M | 102.0M |
| Cash From Investing Activities | -732.0M | -47.00M | -22.00M |
| Cash From Financing Activities | 771.0M | -163.0M | -1.000M |
| Net Change In Cash | 51.00M | -188.0M | 79.00M |
| YoY Change | -35.44% | 308.7% | -150.32% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $12.00M | $22.00M | $102.0M |
| Capital Expenditures | -$13.00M | -$34.00M | -$19.00M |
| Free Cash Flow | $25.00M | $56.00M | $121.0M |
| YoY Change | -79.34% | -380.0% | -363.04% |
Facts In Submission
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Next Payment Date Of Current Portion
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wmg | ||
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Warner Music Group Corp. | ||
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2013 | ||
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10-Q | ||
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2013-06-30 | ||
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--09-30 | ||
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Q3 | ||
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BasisOfAccounting
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2. Basis of Presentation</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Interim Financial Statements</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended June 30, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ended September 30, 2013.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The consolidated balance sheet at September 30, 2012 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">  </p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">For further information, refer to the consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2012 (File No. 001-32502).</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Basis of Consolidation</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The accompanying financial statements present the consolidated accounts of all entities in which the Company has a controlling voting interest and/or variable interest entities required to be consolidated in accordance with U.S. GAAP. All inter-company balances and transactions have been eliminated. Certain reclassifications have been made to the prior fiscal years’ consolidated financial statements to conform with the current fiscal-year presentation.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, Consolidation (“ASC 810”) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (“VIE”). A VIE is consolidated if the Company is deemed to be the primary beneficiary of the VIE, which is the party involved with the VIE that has both (i) the power to control the most significant activities of the VIE and (ii) either the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company maintains a 52-53 week fiscal year ending on the Friday nearest to each reporting date. As such, all references to June 30, 2013 and June 30, 2012 relate to the three-month periods ended June 28, 2013 and June 29, 2012, respectively. For convenience purposes, the Company continues to date its financial statements as of June 30.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company has performed a review of all subsequent events through the date the financial statements were issued, and has determined that other than as described in Note 12, no additional disclosures are necessary.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>New Accounting Pronouncements</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">During the first quarter of fiscal 2013, the Company adopted ASU 2011-05, Presentation of Comprehensive Income. ASU 2011-05 requires entities to present items of net income and other comprehensive income either in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive, statements of operations and other comprehensive income. The Company simultaneously adopted ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. ASU 2011-12 defers the requirement to present components of reclassifications of comprehensive income on the statement of comprehensive income, with all other requirements of ASU 2011-05 unaffected. The adoption of these standard updates did not have a significant impact on the Company’s financial statements, other than presentation.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">During the first quarter of fiscal 2013, the Company adopted ASU 2011-08, Testing Goodwill for Impairment. ASU 2011-08 provides entities with an option to perform a qualitative assessment to determine whether further impairment testing is necessary. The adoption of this standard update did not have an impact on the Company’s financial statements.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">During the first quarter of fiscal 2013, the Company adopted ASU 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment, which provides entities with an option to perform a qualitative assessment to determine whether it is more likely than not that the indefinite-lived intangible asset is impaired. The adoption of this standard update did not have an impact on the Company’s financial statements.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities. In January 2013, the FASB issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, to clarify which financial assets and financial liabilities are included within the scope of ASU 2011-11. These ASUs require additional quantitative and qualitative disclosures over financial instruments and derivative instruments that are offset on the balance sheet or subject to master netting arrangements. Both ASUs are effective for annual and interim reporting periods for fiscal years beginning on or after January 1, 2013. The adoption of these standards is not expected to have a significant impact on the Company’s financial statements, other than presentation.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires entities to disclose, in one place, information about the amounts reclassified out of accumulated other comprehensive income by component. ASU 2013-02 is effective for annual and interim reporting periods for fiscal years beginning after December 15, 2012. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure.</font></p> </div> | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
147000000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-141000000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2000000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-10000000 | ||
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3000000 | ||
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
23000000 | ||
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
4000000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-80000000 | ||
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
10000000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
143000000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8000000 | ||
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-33000000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
740000000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-11000000 | ||
| us-gaap |
Revenues
Revenues
|
2107000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-151000000 | ||
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
42000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-147000000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
18000000 | ||
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
18000000 | ||
| us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-3000000 | ||
| us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
|||
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
86000000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11000000 | ||
| us-gaap |
Profit Loss
ProfitLoss
|
-137000000 | ||
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-2000000 | ||
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-85000000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
116000000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
35000000 | ||
| us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
-25000000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
174000000 | ||
| us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
2000000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-129000000 | ||
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8000000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-81000000 | ||
| us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
-3000000 | ||
| us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
15000000 | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
1991000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
4000000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-260000000 | ||
| us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
41000000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-13000000 | ||
| us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
2000000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8000000 | ||
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Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-200000000 | ||
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Interest Expense
InterestExpense
|
149000000 | ||
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
1108000000 | ||
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Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
38000000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-76000000 | ||
| wmg |
Income Loss From Continuing Operations Before Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDepreciationAndAmortization
|
297000000 | ||
| wmg |
Number Of Songwriters And Composers
NumberOfSongwritersAndComposers
|
65000 | pure | |
| wmg |
Repayments Of Term Loan
RepaymentsOfTermLoan
|
110000000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-40000000 | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
1981000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2000000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2000000 | ||
| us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
58000000 | ||
| us-gaap |
Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
|
12000000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-11000000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
65000000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
169000000 | ||
| wmg |
Increase Decrease In Advance Royalties
IncreaseDecreaseInAdvanceRoyalties
|
9000000 | ||
| wmg |
Non Cash Interest Income Expense
NonCashInterestIncomeExpense
|
-8000000 | ||
| wmg |
Tender Or Call Premium
TenderOrCallPremium
|
95000000 | ||
| wmg |
Repayment Of Term Loans
RepaymentOfTermLoans
|
110000000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
107000000 | ||
| us-gaap |
Revenues
Revenues
|
2049000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-121000000 | ||
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-119000000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
32000000 | ||
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
5000000 | ||
| us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
1000000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6000000 | ||
| us-gaap |
Profit Loss
ProfitLoss
|
-92000000 | ||
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
1000000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
68000000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
21000000 | ||
| us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
1000000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
193000000 | ||
| us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
-2000000 | ||
| us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
2000000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-95000000 | ||
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-28000000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-49000000 | ||
| us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
45000000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1000000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-27000000 | ||
| us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
1000000 | ||
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1000000 | ||
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
24000000 | ||
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2000000 | ||
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
1091000000 | ||
| us-gaap |
Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
37000000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-36000000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
182000000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
145000000 | ||
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-23000000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
745000000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3000000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-4000000 | ||
| wmg |
Income Loss From Continuing Operations Before Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDepreciationAndAmortization
|
250000000 | ||
| wmg |
Increase Decrease In Advance Royalties
IncreaseDecreaseInAdvanceRoyalties
|
-33000000 | ||
| wmg |
Non Cash Interest Income Expense
NonCashInterestIncomeExpense
|
2000000 | ||
| CY2013Q2 | wmg |
Prepayment Of Term Loan Facility
PrepaymentOfTermLoanFacility
|
102500000 | |
| CY2012Q2 | us-gaap |
Revenues
Revenues
|
651000000 | |
| CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-51000000 | |
| CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-51000000 | |
| CY2012Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6000000 | |
| CY2012Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-32000000 | |
| CY2012Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
1000000 | |
| CY2012Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7000000 | |
| CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-43000000 | |
| CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-20000000 | |
| CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32000000 | |
| CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-19000000 | |
| CY2012Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
644000000 | |
| CY2012Q2 | us-gaap |
Interest Expense
InterestExpense
|
56000000 | |
| CY2012Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
353000000 | |
| CY2012Q2 | us-gaap |
Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
12000000 | |
| CY2012Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
47000000 | |
| CY2012Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
244000000 | |
| CY2012Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-11000000 | |
| CY2012Q2 | wmg |
Income Loss From Continuing Operations Before Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDepreciationAndAmortization
|
66000000 | |
| CY2013Q2 | us-gaap |
Revenues
Revenues
|
663000000 | |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-61000000 | |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-60000000 | |
| CY2013Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2000000 | |
| CY2013Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-62000000 | |
| CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-2000000 | |
| CY2013Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2000000 | |
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8000000 | |
| CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-43000000 | |
| CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
4000000 | |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-63000000 | |
| CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2000000 | |
| CY2013Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1000000 | |
| CY2013Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
655000000 | |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1000000 | |
| CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
47000000 | |
| CY2013Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
371000000 | |
| CY2013Q2 | us-gaap |
Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
13000000 | |
| CY2013Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
48000000 | |
| CY2013Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4000000 | |
| CY2013Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
236000000 | |
| CY2013Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19000000 | |
| CY2013Q2 | wmg |
Income Loss From Continuing Operations Before Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDepreciationAndAmortization
|
69000000 |
