$WMG
Warner Music Group Corp

2013 Q4 Form 10-K Financial Statement

#000119312513470757 Filed on December 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q3
Revenue $815.0M $731.0M
YoY Change 5.98% 31.47%
Cost Of Revenue $441.0M $368.0M
YoY Change 8.35% 27.78%
Gross Profit $374.0M $363.0M
YoY Change 3.31% 35.45%
Gross Profit Margin 45.89% 49.66%
Selling, General & Admin $293.0M $260.0M
YoY Change 11.41% 39.78%
% of Gross Profit 78.34% 71.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $78.00M $62.00M
YoY Change 27.87% 31.91%
% of Gross Profit 20.86% 17.08%
Operating Expenses $293.0M $322.0M
YoY Change 11.41% 73.12%
Operating Profit $15.00M $41.00M
YoY Change -70.59% 20.59%
Interest Expense $55.00M -$56.00M
YoY Change 3.77% -190.32%
% of Operating Profit 366.67% -136.59%
Other Income/Expense, Net -$4.000M $2.000M
YoY Change -20.0%
Pretax Income -$44.00M -$13.00M
YoY Change -51.11% -53.57%
Income Tax -$8.000M $4.000M
% Of Pretax Income
Net Earnings -$37.00M -$18.00M
YoY Change -53.75% -41.94%
Net Earnings / Revenue -4.54% -2.46%
Basic Earnings Per Share
Diluted Earnings Per Share -$72.55K
COMMON SHARES
Basic Shares Outstanding 1.055K shares 1.000K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $129.0M $302.0M
YoY Change -31.75% 96.1%
Cash & Equivalents $129.0M $302.0M
Short-Term Investments
Other Short-Term Assets $209.0M $44.00M
YoY Change 301.92% -2.22%
Inventory $34.00M $28.00M
Prepaid Expenses
Receivables $566.0M $398.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $938.0M $939.0M
YoY Change 7.94% 17.08%
LONG-TERM ASSETS
Property, Plant & Equipment $181.0M $152.0M
YoY Change 23.13% -16.48%
Goodwill $1.380B
YoY Change 0.58%
Intangibles $3.194B $2.601B
YoY Change
Long-Term Investments
YoY Change
Other Assets $298.0M $64.00M
YoY Change 263.41% -9.86%
Total Long-Term Assets $5.350B $4.339B
YoY Change 23.56% -5.22%
TOTAL ASSETS
Total Short-Term Assets $938.0M $939.0M
Total Long-Term Assets $5.350B $4.339B
Total Assets $6.288B $5.278B
YoY Change 20.95% -1.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $246.0M $156.0M
YoY Change 65.1% -5.45%
Accrued Expenses $1.549B $253.0M
YoY Change 620.47% 16.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M
YoY Change 126.67%
Total Short-Term Liabilities $2.076B $1.606B
YoY Change 26.51% 5.52%
LONG-TERM LIABILITIES
Long-Term Debt $2.858B $2.206B
YoY Change 30.21% -0.5%
Other Long-Term Liabilities $234.0M $147.0M
YoY Change 65.96% -0.68%
Total Long-Term Liabilities $3.092B $2.353B
YoY Change 32.36% -0.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.076B $1.606B
Total Long-Term Liabilities $3.092B $2.353B
Total Liabilities $5.607B $4.334B
YoY Change 29.34% 0.84%
SHAREHOLDERS EQUITY
Retained Earnings -$143.0M
YoY Change 361.29%
Common Stock $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $681.0M $927.0M
YoY Change
Total Liabilities & Shareholders Equity $6.288B $5.278B
YoY Change 20.95% -1.9%

Cashflow Statement

Concept 2013 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$37.00M -$18.00M
YoY Change -53.75% -41.94%
Depreciation, Depletion And Amortization $78.00M $62.00M
YoY Change 27.87% 31.91%
Cash From Operating Activities -$52.00M $102.0M
YoY Change 420.0% -259.38%
INVESTING ACTIVITIES
Capital Expenditures -$22.00M -$19.00M
YoY Change 46.67% 5.56%
Acquisitions $4.000M
YoY Change
Other Investing Activities -$4.000M -$3.000M
YoY Change -99.77%
Cash From Investing Activities -$26.00M -$22.00M
YoY Change 73.33% -98.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 54.00M -1.000M
YoY Change -162.79% -100.08%
NET CHANGE
Cash From Operating Activities -52.00M 102.0M
Cash From Investing Activities -26.00M -22.00M
Cash From Financing Activities 54.00M -1.000M
Net Change In Cash -24.00M 79.00M
YoY Change -78.38% -150.32%
FREE CASH FLOW
Cash From Operating Activities -$52.00M $102.0M
Capital Expenditures -$22.00M -$19.00M
Free Cash Flow -$30.00M $121.0M
YoY Change -700.0% -363.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1055 shares
CY2012Q1 wmg Number Of Lawsuits
NumberOfLawsuits
5 Lawsuits
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDeferredRevenue
115000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
363000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
1544000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
173000000
CY2011Q3 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
17000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
2049000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
117000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
331000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1129000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
2879000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
140000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
-243000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
28000000
CY2011Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
182000000
CY2011Q3 wmg Business Acquisition Cash Paid
BusinessAcquisitionCashPaid
179000000
CY2011Q3 wmg Business Acquisition Cost Of Acquired Entity Cash Paid To Former Equity Award Holder
BusinessAcquisitionCostOfAcquiredEntityCashPaidToFormerEquityAwardHolder
50000000
CY2011Q3 wmg Business Acquisition Cost Of Acquired Entity Cash Paid For Settlement Of Acquiree Stock Options
BusinessAcquisitionCostOfAcquiredEntityCashPaidForSettlementOfAcquireeStockOptions
1228000000
CY2011Q3 wmg Acquisition Purchase Price
AcquisitionPurchasePrice
1099000000
CY2011Q3 wmg Business Combination Cash Consideration
BusinessCombinationCashConsideration
1278000000
CY2011Q3 wmg Business Acquisition Purchase Price Allocation Artist Advances
BusinessAcquisitionPurchasePriceAllocationArtistAdvances
341000000
CY2011Q3 wmg Business Acquisition Purchase Price Allocation Merger Consideration
BusinessAcquisitionPurchasePriceAllocationMergerConsideration
1129000000
CY2011Q3 wmg Business Combination Contingent Consideration Recorded As Goodwill
BusinessCombinationContingentConsiderationRecordedAsGoodwill
1372000000
CY2012Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
253000000
CY2012Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
3000000
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2206000000
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
60000000
CY2012Q3 us-gaap Other Commitment
OtherCommitment
4000000
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
156000000
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1606000000
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
944000000
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
147000000
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
927000000
CY2012Q3 us-gaap Minority Interest
MinorityInterest
17000000
CY2012Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
997000000
CY2012Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
101000000
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5278000000
CY2012Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
375000000
CY2012Q3 us-gaap Liabilities
Liabilities
4334000000
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
10000000
CY2012Q3 us-gaap Interest Payable Current
InterestPayableCurrent
89000000
CY2012Q3 us-gaap Assets Current
AssetsCurrent
939000000
CY2012Q3 us-gaap Goodwill
Goodwill
1380000000
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
64000000
CY2012Q3 us-gaap Assets
Assets
5278000000
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
302000000
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
398000000
CY2012Q3 us-gaap Inventory Net
InventoryNet
28000000
CY2012Q3 us-gaap Prepaid Royalties
PrepaidRoyalties
116000000
CY2012Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
102000000
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
212000000
CY2012Q3 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
142000000
CY2012Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2499000000
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
44000000
CY2012Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
51000000
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
152000000
CY2012Q3 wmg Fair Value Of Assets And Liabilities Fair Value Disclosure
FairValueOfAssetsAndLiabilitiesFairValueDisclosure
-16000000
CY2012Q3 wmg Due To From Parent And Affiliates Noncurrent
DueToFromParentAndAffiliatesNoncurrent
CY2012Q3 wmg Investments In Consolidated Subsidiaries
InvestmentsInConsolidatedSubsidiaries
CY2012Q3 wmg Artist And Music Composition Current Firm Commitments
ArtistAndMusicCompositionCurrentFirmCommitments
232000000
CY2013Q3 dei Entity Public Float
EntityPublicFloat
0
CY2013Q3 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
82.1918 shares
CY2013Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
50 Country
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
134.62
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
321000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
54000000
CY2013Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
6000000
CY2013Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2854000000
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
108000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
3000000
CY2013Q3 us-gaap Other Commitment
OtherCommitment
7000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
295000000
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
280000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
2000000
CY2013Q3 us-gaap Restructuring Reserve
RestructuringReserve
10000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
39000000
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2000000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
64000000
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
743000000
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
216000000
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
726000000
CY2013Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
3060000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
CY2013Q3 us-gaap Minority Interest
MinorityInterest
17000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
3000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
27000000
CY2013Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1147000000
CY2013Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
139000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6252000000
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
439000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
3000000
CY2013Q3 us-gaap Liabilities
Liabilities
5509000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
45000000
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
25000000
CY2013Q3 us-gaap Interest Payable Current
InterestPayableCurrent
75000000
CY2013Q3 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
11000000
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
66000000
CY2013Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
13000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1917000000
CY2013Q3 us-gaap Assets Current
AssetsCurrent
894000000
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
Yes
CY2013Q3 us-gaap Goodwill
Goodwill
1668000000
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
110000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
260000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
210000000
CY2013Q3 us-gaap Assets
Assets
6252000000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155000000
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
511000000
CY2013Q3 us-gaap Inventory Net
InventoryNet
33000000
CY2013Q3 us-gaap Prepaid Royalties
PrepaidRoyalties
93000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
260000000
CY2013Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
120000000
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
288000000
CY2013Q3 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
173000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3107000000
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
59000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
250000000
CY2013Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20000000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
210000000
CY2013Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
43000000
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
180000000
CY2013Q3 wmg Fair Value Of Assets And Liabilities Fair Value Disclosure
FairValueOfAssetsAndLiabilitiesFairValueDisclosure
-44000000
CY2013Q3 wmg Line Of Credit Facility Fee
LineOfCreditFacilityFee
0.0050 pure
CY2013Q3 wmg Due To From Parent And Affiliates Noncurrent
DueToFromParentAndAffiliatesNoncurrent
CY2013Q3 wmg Annual Management Fee Percentage
AnnualManagementFeePercentage
0.015 pure
CY2013Q3 wmg Annual Percentage Of Original Principal Term Loan Amortization
AnnualPercentageOfOriginalPrincipalTermLoanAmortization
0.0100 pure
CY2013Q3 wmg Investments In Consolidated Subsidiaries
InvestmentsInConsolidatedSubsidiaries
CY2013Q3 wmg Next Payment Date Of Current Portion
NextPaymentDateOfCurrentPortion
December 31, 2013
CY2013Q3 wmg Artist And Music Composition Current Firm Commitments
ArtistAndMusicCompositionCurrentFirmCommitments
201000000
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
55 shares
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
wmg Number Of Deferred Equity Units Equivalent To Common Stock
NumberOfDeferredEquityUnitsEquivalentToCommonStock
0.0001 shares
CY2011 us-gaap Payments For Merger Related Costs
PaymentsForMergerRelatedCosts
53000000
CY2013 dei Trading Symbol
TradingSymbol
wmg
CY2013 dei Entity Registrant Name
EntityRegistrantName
Warner Music Group Corp.
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001319161
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 us-gaap Basis Of Accounting
BasisOfAccounting
<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>Basis of Consolidation</b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <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 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&#x2019; consolidated financial statements to conform with the current fiscal-year presentation.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Financial Accounting Standards Board (&#x201C;FASB&#x201D;) Accounting Standards Codification (&#x201C;ASC&#x201D;) Topic 810, Consolidation (&#x201C;ASC 810&#x201D;) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (&#x201C;VIE&#x201D;). 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)&#xA0;the power to control the most significant activities of the VIE and (ii)&#xA0;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;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company maintains a 52-53 week fiscal year ending on the last Friday in each reporting period. The fiscal year ended September&#xA0;30, 2013 ended on September&#xA0;27, 2013, the fiscal year ended September&#xA0;30, 2012 ended on September&#xA0;28, 2012, and the twelve months ended September&#xA0;30, 2011 ended on September&#xA0;30, 2011. For convenience purposes, the Company continues to date its financial statements as of September&#xA0;30.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <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 described in Note 20 no additional disclosures are necessary.</font></p> </div>
CY2013 wmg Talent Advances Contractual Obligation Payments Period
TalentAdvancesContractualObligationPaymentsPeriod
P10Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue
107.13
CY2013 wmg Reimbursed Expenses To Parent Company
ReimbursedExpensesToParentCompany
2000000
CY2012 wmg Reimbursed Expenses To Parent Company
ReimbursedExpensesToParentCompany
2000000
CY2013Q2 wmg Prepayment Of Term Loan Facility
PrepaymentOfTermLoanFacility
102500000
CY2011Q3 us-gaap Business Combination Consideration Transferred Including Equity Interest In Acquiree Held Prior To Combination1
BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1
30000000
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Concentration of Credit Risk</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Customer credit risk represents the potential for financial loss if a customer is unwilling or unable to meet its agreed upon contractual payment obligations. The Company has no Recorded Music customers that individually represent more than 10% of the Company&#x2019;s consolidated gross accounts receivable. As such, the Company does not believe there is any significant collection risk.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In the Music Publishing business, the Company collects a significant portion of its royalties from copyright collection societies around the world. Collection societies and associations generally are not-for-profit organizations that represent composers, songwriters and music publishers. These organizations seek to protect the rights of their members by licensing, collecting license fees and distributing royalties for the use of the members&#x2019; works. Accordingly, the Company does not believe there is any significant collection risk from such societies.</font></p> </div>
CY2013 wmg Number Of Songwriters And Composers
NumberOfSongwritersAndComposers
65000 pure
CY2013 us-gaap Restructuring Charges
RestructuringCharges
85000000
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.</font></p> </div>
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000
CY2013 wmg Number Of Customers That Individually Accounted For Ten Percent Or More Of Companys Accounts Receivable
NumberOfCustomersThatIndividuallyAccountedForTenPercentOrMoreOfCompanysAccountsReceivable
0 Customer
CY2013 wmg Minimum Annual Management Fee
MinimumAnnualManagementFee
9000000

Files In Submission

Name View Source Status
0001193125-13-470757-index-headers.html Edgar Link pending
0001193125-13-470757-index.html Edgar Link pending
0001193125-13-470757.txt Edgar Link pending
0001193125-13-470757-xbrl.zip Edgar Link pending
d604647d10k.htm Edgar Link pending
d604647dex1010.htm Edgar Link pending
d604647dex1012.htm Edgar Link pending
d604647dex1048.htm Edgar Link pending
d604647dex211.htm Edgar Link pending
d604647dex311.htm Edgar Link pending
d604647dex312.htm Edgar Link pending
d604647dex321.htm Edgar Link pending
d604647dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wmg-20130930.xml Edgar Link completed
wmg-20130930.xsd Edgar Link pending
wmg-20130930_cal.xml Edgar Link unprocessable
wmg-20130930_def.xml Edgar Link unprocessable
wmg-20130930_lab.xml Edgar Link unprocessable
wmg-20130930_pre.xml Edgar Link unprocessable