Financing

Warner Music Group·Cash Flow Statement·35 metrics

Breakdown

Metric	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Proceeds from lines of credit	—	—	$0	$0	—	—	$4M	$366M
Proceeds from lines of credit	—	—	$0	$0	—	—	$4M	$366M
Proceeds from Lines of Credit	—	—	$0	$0	—	—	$4M	$366M
Proceeds from issuance of debt	—	—	$0	$0	—	—	$4M	$366M
Proceeds from Borrowings on Revolving Credit Facility	—	—	$0	$0	—	—	$4M	$366M
Borrowings Under Acquisition Credit Facilities	—	—	$0	$0	—	—	$4M	$366M
Proceeds from Secured Lines of Credit	—	—	$0	$0	—	—	$4M	$366M
Net cash from financing activities	-$90M	-$116M	-$127M	-$121M	-$96M	-$153M	-$159M	$328M
Proceeds from minority shareholders	—	—	$0	$0	—	—	$5M	$129M
Contributions from noncontrolling interests	—	—	$0	$0	—	—	$5M	$129M
Net proceeds from sales of subsidiary shares	—	—	$0	$0	—	—	$5M	$129M
Proceeds from Minority Shareholders	—	—	$0	$0	—	—	$5M	$129M
Proceeds from Sale of Noncontrolling Interests	—	—	$0	$0	—	—	$5M	$129M
Proceeds from Minority Shareholders	—	—	$0	$0	—	—	$5M	$129M
Proceeds from Minority Shareholders	—	—	$0	$0	—	—	$5M	$129M
Dividends paid	$89M	$94M	$94M	$95M	$94M	$100M	$100M	$100M
Repurchases of common stock	$0	$0	$2M	$0	$1M	$13M	$26M	$22M
Taxes paid for net share settlement	—	—	$2M	$17M	$0	$1M	$5M	$21M
Payment for contingent consideration liability (financing)	$0	$20M	$17M	$6M	—	—	$25M	$17M
Payment for Contingent Consideration (Financing)	$0	$20M	$17M	$6M	—	—	$25M	$17M
Payment of Deferred Purchase Consideration	$0	$20M	$17M	$6M	—	—	$25M	$17M
Other financing activities	$0	$20M	$17M	$6M	—	—	$25M	$17M
Payments Of Debt Issuance Costs	—	—	$0	$0	$0	$2M	$8M	$4M
Payment of debt issuance costs	—	—	$0	$0	$0	$2M	$8M	$4M
Distributions to noncontrolling interests	$1M	$2M	$7M	$1M	$0	$7M	$4M	$3M
Payments to Noncontrolling Interests	$1M	$2M	$7M	$1M	$0	$7M	$4M	$3M
Acquisition of redeemable noncontrolling interests	$0	$0	$9.3M	$9.3M	$9.3M	$9.3M	—	—
Payments for Repurchase of Redeemable Noncontrolling Interest	$0	$0	$9.3M	$9.3M	$9.3M	$9.3M	—	—
Other, net	$0	$0	-$5M	-$2M	—	—	$0	$0
Proceeds from Secured Long-Term Debt	—	—	—	—	$0	—	—	—
Repurchase of Redeemable Noncontrolling Interest	$0	$0	$9.3M	$9.3M	$9.3M	$9.3M	—	—
Noncontrolling interest transactions and other	$0	$0	-$5M	-$2M	—	—	$0	$0
Noncontrolling Interests Activity and Other	$0	$0	-$5M	-$2M	—	—	$0	$0
Proceeds from Issuance of Secured Debt	—	—	—	—	$0	—	—	—

Metrics

Financing

Breakdown

Metrics

Payment for contingent consideration liability (financing)

Proceeds from lines of credit

Proceeds from lines of credit

Payment for Contingent Consideration (Financing)

Proceeds from Lines of Credit

Proceeds from minority shareholders

Contributions from noncontrolling interests

Proceeds from issuance of debt

Acquisition of redeemable noncontrolling interests

Distributions to noncontrolling interests

Dividends paid

Payments for Repurchase of Redeemable Noncontrolling Interest

Payments Of Debt Issuance Costs

Payments to Noncontrolling Interests

Other, net

Proceeds from Secured Long-Term Debt

Repayments of Secured Debt

Repurchase of Redeemable Noncontrolling Interest

Net proceeds from sales of subsidiary shares

Payment of Deferred Purchase Consideration

Noncontrolling interest transactions and other

Proceeds from Borrowings on Revolving Credit Facility

Proceeds from Minority Shareholders

Proceeds from Sale of Noncontrolling Interests

Net cash from financing activities

Other financing activities

Payment of debt issuance costs

Borrowings Under Acquisition Credit Facilities

Noncontrolling Interests Activity and Other

Proceeds from Minority Shareholders

Proceeds from Secured Lines of Credit

Repurchases of common stock

Proceeds from Minority Shareholders

Taxes paid for net share settlement

Proceeds from Issuance of Secured Debt