10-Q Filing

WARNER MUSIC GROUP CORP. CIK: 1319161 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-047914`
Period End Date	20111231
Filing Date	20120209
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	wmg-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 1 Cash Flow Statement 5 Stockholders Equity 17

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$90.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10,000.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10,000.00	shares	Point-in-time
Accounts receivable, less allowances of $90 and $40 million	`AccountsReceivableNetCurrent`	$421.00M	USD	Point-in-time
Accounts receivable, less allowances of $90 and $40 million	`AccountsReceivableNetCurrent`	$385.00M	USD	Point-in-time
Inventories	`InventoryNet`	$29.00M	USD	Point-in-time
Inventories	`InventoryNet`	$29.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Royalty advances expected to be recouped within one year	`PrepaidRoyalties`	$135.00M	USD	Point-in-time
Royalty advances expected to be recouped within one year	`PrepaidRoyalties`	$143.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$54.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$54.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$857.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$802.00M	USD	Point-in-time
Royalty advances expected to be recouped after one year	`AdvanceRoyaltiesNoncurrent`	$173.00M	USD	Point-in-time
Royalty advances expected to be recouped after one year	`AdvanceRoyaltiesNoncurrent`	$175.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$177.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$182.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$1.37B	USD	Point-in-time
Intangible assets subject to amortization, net	`FiniteLivedIntangibleAssetsNet`	$2.68B	USD	Point-in-time
Intangible assets subject to amortization, net	`FiniteLivedIntangibleAssetsNet`	$2.61B	USD	Point-in-time
Intangible assets not subject to amortization	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$102.00M	USD	Point-in-time
Intangible assets not subject to amortization	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$102.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.00M	USD	Point-in-time
Total assets	`Assets`	$5.37B	USD	Point-in-time
Total assets	`Assets`	$5.38B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$165.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$136.00M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.03B	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$974.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$232.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$217.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$32.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$55.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$128.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$101.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$16.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.58B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.21B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.22B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$411.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$403.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$148.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$135.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.33B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.30B	USD	Point-in-time
Commitments and Contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value; 10,000 shares authorized; 1,000 shares issued and outstanding)	`CommonStockValue`	-	USD	Point-in-time
Common stock ($0.001 par value; 10,000 shares authorized; 1,000 shares issued and outstanding)	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-57.00M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.00M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.00M	USD	Point-in-time
Total Warner Music Group Corp. equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total Warner Music Group Corp. equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$17.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$17.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.38B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.37B	USD	Point-in-time

Income Statement 1 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-26.00M	USD	1 Quarter

Cash Flow Statement 5 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-26.00M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.00M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$168.00M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Balance, per share value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Balance, per share value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net loss	`ProfitLoss`	$-26.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-14.00M	USD	1 Quarter
Deferred gains on derivative financial instruments	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-40.00M	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Balance, per share value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Balance, per share value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.