Warner Music Group Balance Sheet

WMG / Communication Services|15 years of annual SEC 10-K data (FY2011-FY2025)

Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.

Warner Music Group had $9.8B in total assets and $647M in shareholders' equity as of FY2025. Total debt was $4.4B against $532M in cash, resulting in $3.8B net debt.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.71 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Cash & Equivalents	$532.0M	$694.0M	$641.0M	$584.0M	$499.0M	$553.0M	$619.0M	$514.0M	$359.0M	$359.0M	$246.0M	$302.0M	$155.0M	$319.0M	$154.0M
Accounts Receivable	$1.3B	$1.3B	$1.1B	$984.0M	$839.0M	$771.0M	$775.0M	$447.0M	$404.0M	$329.0M	$349.0M	$383.0M	$511.0M	$398.0M	$385.0M
Inventory	$62.0M	$99.0M	$126.0M	$108.0M	$99.0M	$79.0M	$74.0M	$42.0M	$39.0M	$41.0M	$42.0M	$39.0M	$33.0M	$28.0M	$29.0M
Current Assets	$2.8B	$2.6B	$2.4B	$2.1B	$1.9B	$1.7B	$1.7B	$1.2B	$1.3B	$908.0M	$827.0M	$782.0M	$894.0M	$939.0M	$802.0M
PP&E (Net)	$441.0M	$481.0M	$458.0M	$415.0M	$364.0M	$331.0M	$300.0M	$229.0M	$213.0M	$203.0M	$220.0M	$227.0M	$180.0M	$152.0M	$182.0M
Goodwill	$2.1B	$2.0B	$1.9B	$1.8B	$1.8B	$1.8B	$1.8B	$1.7B	$1.6B	$1.6B	$1.6B	$1.7B	$1.7B	$1.4B	$1.4B
Total Assets	$9.8B	$9.2B	$8.5B	$7.8B	$7.2B	$6.4B	$6.0B	$5.3B	$5.7B	$5.3B	$5.6B	$6.0B	$6.3B	$5.3B	$5.4B
Current Liabilities	$4.2B	$3.9B	$3.5B	$3.4B	$3.1B	$2.7B	$2.8B	$2.4B	$2.1B	$1.8B	$1.9B	$1.9B	$2.0B	$1.6B	$1.5B
Total Debt	$4.4B	$4.0B	$4.0B	$3.7B	$3.3B	$3.1B	$3.0B	$2.8B	$2.8B	$2.8B	$3.0B	$3.0B	$2.9B	$2.2B	$2.2B
Shareholders' Equity	$647.0M	$518.0M	$307.0M	$152.0M	$31.0M	-$63.0M	-$289.0M	-$334.0M	$293.0M	$195.0M	$221.0M	$371.0M	$743.0M	$927.0M	$1.1B

Other Financial Statements

Income Statement Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Warner Music Group Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Cash & Equivalents

$532.0M

$694.0M

$641.0M

$584.0M

$499.0M

$553.0M

$619.0M

$514.0M

$359.0M

$246.0M

$302.0M

$155.0M

$319.0M

$154.0M

Accounts Receivable

$1.3B

$1.1B

$984.0M

$839.0M

$771.0M

$775.0M

$447.0M

$404.0M

$329.0M

$349.0M

$383.0M

$511.0M

$398.0M

$385.0M

Inventory

$62.0M

$99.0M

$126.0M

$108.0M

$99.0M

$79.0M

$74.0M

$42.0M

$39.0M

$41.0M

$42.0M

$39.0M

$33.0M

$28.0M

$29.0M

Current Assets

$2.8B

$2.6B

$2.4B

$2.1B

$1.9B

$1.7B

$1.2B

$1.3B

$908.0M

$827.0M

$782.0M

$894.0M

$939.0M

$802.0M

PP&E (Net)

$441.0M

$481.0M

$458.0M

$415.0M

$364.0M

$331.0M

$300.0M

$229.0M

$213.0M

$203.0M

$220.0M

$227.0M

$180.0M

$152.0M

$182.0M

Goodwill

$2.1B

$2.0B

$1.9B

$1.8B

$1.7B

$1.6B

$1.7B

$1.4B

Total Assets

$9.8B

$9.2B

$8.5B

$7.8B

$7.2B

$6.4B

$6.0B

$5.3B

$5.7B

$5.3B

$5.6B

$6.0B

$6.3B

$5.3B

$5.4B

Current Liabilities

$4.2B

$3.9B

$3.5B

$3.4B

$3.1B

$2.7B

$2.8B

$2.4B

$2.1B

$1.8B

$1.9B

$2.0B

$1.6B

$1.5B

Total Debt

$4.4B

$4.0B

$3.7B

$3.3B

$3.1B

$3.0B

$2.8B

$3.0B

$2.9B

$2.2B

Shareholders' Equity

$647.0M

$518.0M

$307.0M

$152.0M

$31.0M

-$63.0M

-$289.0M

-$334.0M

$293.0M

$195.0M

$221.0M

$371.0M

$743.0M

$927.0M

$1.1B