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Warner Music Group WMG License — Proceeds From License Fees Received

Discontinued — last reported Q4 '16

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FWONAMusic Royalty And Other — Revenue

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

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:ProceedsFromLicenseFeesReceived.

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

Questions, answered.

What does license — proceeds from license fees received mean?
The total revenue earned from granting third parties the legal right to use the company's music and creative content.
How do you interpret license — proceeds from license fees received?
An increase suggests stronger demand for the company's music catalog or more favorable royalty rate negotiations, while a decrease may indicate expiring licenses or declining popularity of the content library.
How does license — proceeds from license fees received compare across companies?
Comparable to licensing revenue or royalty income reported by other major music publishers and media conglomerates like Universal Music Group or Sony Music.