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Warner Music Group logo

Warner Music Group Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Warner Music Group holds $10.6B in total assets. Shareholders' equity is $738.0M against $895.0M in total debt. Cash and equivalents total $741.0M. The current ratio is 0.728 and debt-to-equity is 1.21. Based on the Q1 2026 filing.

Total Assets$10.6BTotal Stockholders Equity$738.0MLong Term Debt$673.0MCash And Equivalents$741.0MTotal Current Assets$3.2BTotal Current Liabilities$4.4B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$16.5B
P/E Ratio36.40
ROE69.27%

Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accounts payable$189M$347M$241M$257M$201M$452M
Accrued expenses$539M$475M$533M$666M$667M$468M
Accrued interest$42M$35M$39M$31M$39M$27M
Accrued Royalties (Current)$2.7B$2.6B$2.8B$2.7B$2.9B$2.8B
Other Commercial Liabilities$539M$475M$533M$666M$667M$468M
Contract Liabilities and Refund Liability$22M$17M$16M$17M$21M$16M
Accrued Liabilities, Current$539M$475M$533M$666M$667M$468M
Other accrued liabilities$141M$93M$88M$129M$124M$103M
Deferred revenue$312M$319M$278M$286M$246M$451M
Derivative Liabilities - Fair Value$17M$8M$14M$6M$7M$12M
Liabilities held for sale———$49M$48M$38M
Note payable to DIRECTV$141M$93M$88M$129M$124M$103M
Operating lease liabilities, current$47M$47M$43M$43M$47M$48M
Short-Term Debt - Weighted-Average Interest Rate4.2%4.1%4.1%4.1%4.0%4.0%
Total current liabilities$3.9B$3.9B$4.1B$4.2B$4.3B$4.4B

Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accounts receivable, net$1.2B$1.2B$1.3B$1.3B$1.4B$1.5B
Allowance for Doubtful Accounts$24M$23M$24M$27M$28M$28M
Allowance for Doubtful Accounts Receivable (Current)$24M$23M$24M$27M$28M$28M
Assets held for sale———$89M$80M$68M
Cash and cash equivalents$802M$637M$527M$532M$751M$741M
Royalty advances expected to be recouped within one year$473M$509M$579M$581M$584M$649M
Derivative Assets - Fair Value$29M$11M$9M$3M$6M$13M
Derivative assets$8M$8M$9M$8M$6M$7M
Inventories$84M$88M$101M$62M$60M$65M
Prepaid expenses and other current assets$156M$147M$166M$166M$169M$192M
Total current assets$2.7B$2.6B$2.7B$2.8B$3B$3.2B

Equity

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Additional paid-in capital$2.1B$2.1B$2.1B$2.2B$2.2B$2.1B
Accumulated other comprehensive income (loss)-$376M-$292M-$174M-$189M-$180M-$225M
Additional paid-in capital$2.1B$2.1B$2.1B$2.2B$2.2B$2.1B
Noncontrolling interests$152M$223M$223M$110M$104M$101M
Redeemable noncontrolling interests$0$0—$0$5M$133M
Retained earnings-$1.2B-$1.2B-$1.3B-$1.3B-$1.3B-$1.2B
Total liabilities and stockholders' equity$9.1B$9.6B$9.8B$9.8B$10B$10.6B
Total stockholders' equity$545M$567M$589M$647M$720M$738M

Non-Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$32M$30M$29M$27M$27M$22M
Long-term debt$4B$4B$4.1B$302M$307M$673M
Operating lease liabilities, non-current$222M$216M$212M$200M$188M$174M
Other non-current liabilities$140M$140M$136M$142M$144M$146M
Total liabilities$8.4B$8.8B$9B$9.1B$9.2B$9.6B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Decrease in Unrecognized Tax Benefits is Reasonably Possible$2M$2M$2M—$1M$1M
Fair Value Measurement Disclosure$17M$8M$14M$6M$7M$12M
Gross Assets/Liabilities$17M$8M$14M$6M$7M$12M
Licensing Arrangements$2.7B$2.6B$2.8B$2.7B$2.9B$2.8B
Allowance for doubtful accounts$24M$23M$24M$27M$28M$28M
Accrued sales returns$22M$17M$16M$17M$21M$16M
Debt Instrument, Fair Value Adjustment—$9M$9M$9M$8M$8M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$32M$30M$29M$27M$27M$22M
Decrease in Unrecognized Tax Benefits is Reasonably Possible$2M$2M$2M—$1M$1M
Deferred income taxes$209M$214M$204M$164M$169M$180M
Derivative, gross, assets$29M$11M$9M$3M$6M$13M
Derivatives, gross, liabilities$17M$8M$14M$6M$7M$12M
Consideration for sale of music catalog rights—————$233M
Finite-Lived Intangible Assets, Accumulated Amortization$2.7B$2.8B$3B$3B$3.1B$3.1B
Gross Carrying Amount$5B$5.6B$5.7B$5.7B$5.7B$6.2B
Trademarks$149M$151M$154M$154M$154M$153M
Noncontrolling interests in subsidiaries$152M$223M$223M$110M$104M$101M
Redeemable noncontrolling interests in subsidiaries———$0$5M$133M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$329M$814M$422M—$298M$270M

Non-Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Deferred tax assets$209M$214M$204M$164M$169M$180M
Deferred Tax Assets and Other Non-Current Assets$309M$317M$308M$299M$317M$330M
Finite Lived Intangible Assets - Gross$5B$5.6B$5.7B$5.7B$5.7B$6.2B
Goodwill$2B$2B$2.1B$2.1B$2.1B$2.1B
Indefinite-Lived Intangible Assets$149M$151M$154M$154M$154M$153M
Indefinite-Lived Intangible Assets, Gross$149M$151M$154M$154M$154M$153M
Indefinite-Lived Research and Development Assets$149M$151M$154M$154M$154M$153M
Indefinite-Lived Trademarks$149M$151M$154M$154M$154M$153M
Intangible assets, net$2.3B$2.8B$2.8B$2.7B$2.7B$3.1B
Net Investment in Lease$221M$217M$216M$189M$179M$168M
Royalty advances expected to be recouped after one year$878M$945M$1.1B$1.1B$1.1B$1.1B
Deferred tax assets$40M$41M$46M$111M$90M$90M
Intangible assets — net$2.3B$2.8B$2.8B$2.7B$2.7B$3.1B
Other intangible assets—net$2.5B$2.9B$2.9B$2.9B$2.8B$3.3B
Operating lease right-of-use assets$221M$217M$216M$189M$179M$168M
Other non-current assets$309M$317M$308M$299M$317M$330M
Operating lease right-of-use assets$221M$217M$216M$189M$179M$168M
Operating Lease Right-of-Use Assets in Other Assets$221M$217M$216M$189M$179M$168M
Other non-current assets$309M$317M$308M$299M$317M$330M
Accumulated depreciation$632M$665M$701M$701M$718M$749M
Property and equipment, net$491M$503M$472M$441M$418M$414M
Software and Technology Licenses, Net$309M$317M$308M$299M$317M$330M
Total assets$9.1B$9.6B$9.8B$9.8B$10B$10.6B