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Warner Music Group WMG Operating Segments — Depreciation

Discontinued — last reported Q2 '18

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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:Depreciation.

The official record: Warner Music Group’s 10-Q, filed May 7, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — depreciation mean?
This metric tracks the systematic allocation of the cost of tangible fixed assets, such as studio equipment or office infrastructure, over their useful lives. It reflects the wear and tear or obsolescence of physical assets required to support segment operations. Monitoring this helps investors assess the capital intensity of the business segment.