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Warner Music Group WMG GB — PP&E (Net)

Discontinued — last reported Q4 '19

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Other financials

Income statement

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Revenue$1.7B+16.7%
Gross profit$802.0M+15.7%
Operating income$264.0M+57.1%
Net income$183.0M+408%

Balance sheet

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Cash & equivalents$741.0M+16.3%
Total debt$895.0M-79.0%
Total equity$738.0M+30.2%
Total assets$10.6B+10.9%

Cash flow

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Operating cash flow$126.0M+82.6%
CapEx$27.0M-25.0%
Free cash flow$99.0M+200%

Valuation

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Market cap$14.69B-18.2%
Enterprise value$14.85B-32.3%
P/E32.5×-7.2×
P/S2.1×-0.8×

Profitability

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Gross margin45.8%-1.0pp
Operating margin12.1%+0.6pp
Net margin6.3%-0.8pp
FCF margin10.2%-1.8pp

Returns & leverage

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Return on equity69.3%-21.1pp
Debt / equity1.2×-6.3×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Warner Music Group in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The official record: Warner Music Group’s 10-K, filed November 27, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does GB — PP&E (net) mean?
The total value of the company's physical assets in a specific geographic region after subtracting depreciation.
How do you interpret GB — PP&E (net)?
An increase suggests capital expansion or investment in regional infrastructure, while a decrease may indicate asset depreciation, divestiture, or a shift toward an asset-light operating model.
How does GB — PP&E (net) compare across companies?
Comparable to net property, plant, and equipment (PP&E) reported by other global media and entertainment conglomerates, though variations exist based on the degree of outsourcing versus internal ownership of production facilities.