WMG
Warner Music Group Corp.
Price Chart
Latest Quote
$30.20
Current Price| Previous Close | $29.98 |
| Open | $29.98 |
| Day High | $30.34 |
| Day Low | $29.80 |
| Volume | 1,675,160 |
Stock Information
| Quarterly Dividend / Yield | $0.76 / 2.52% |
| Shares Outstanding | 146.96M |
| Total Debt | $4.61B |
| Cash Equivalents | $532.00M |
| Revenue | $6.71B |
| Net Income | $361.00M |
| Sector | Communication Services |
| Industry | Entertainment |
| Market Cap | $15.78B |
| P/E Ratio | 43.77 |
| EPS (TTM) | $0.69 |
| Exchange | NMS |
đ Custom Metrics & Score
Score: 8/42| Debt to Equity | 7.12 |
| Debt to Earnings | 1.50 |
| Current Ratio | 0.66 |
| Quick Ratio | 0.45 |
| Avg Revenue Growth | 3.33% |
| Profit Margin | 5.44% |
| Return on Equity | 56.41% |
| Avg FCF Growth | -4.33% |
| FCF Yield | 2.18% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $30.20 | 1,810,600 |
| 2026-01-30 | $29.98 | 1,224,600 |
| 2026-01-29 | $29.87 | 2,083,400 |
| 2026-01-28 | $29.84 | 1,266,600 |
| 2026-01-27 | $30.26 | 955,700 |
| 2026-01-26 | $30.37 | 897,000 |
| 2026-01-23 | $30.32 | 1,424,000 |
| 2026-01-22 | $29.85 | 2,917,600 |
| 2026-01-21 | $29.86 | 1,431,300 |
| 2026-01-20 | $29.90 | 1,631,300 |
| 2026-01-16 | $30.59 | 1,192,500 |
| 2026-01-15 | $30.88 | 1,793,400 |
| 2026-01-14 | $31.27 | 1,619,200 |
| 2026-01-13 | $31.51 | 2,047,700 |
| 2026-01-12 | $30.95 | 2,059,500 |
| 2026-01-09 | $31.01 | 3,022,000 |
| 2026-01-08 | $29.73 | 1,769,100 |
| 2026-01-07 | $29.79 | 1,788,800 |
| 2026-01-06 | $29.98 | 2,458,300 |
| 2026-01-05 | $30.74 | 1,953,600 |
About Warner Music Group Corp.
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.
đ° Latest News
WMG vs. LYV: Which Stock Is the Better Value Option?
Zacks âĸ 2026-01-30T16:40:02Z
1 Safe-and-Steady Stock with Solid Fundamentals and 2 We Ignore
StockStory âĸ 2026-01-30T04:39:28Z
Is Warner Music Group (WMG) Pricing Reflect Its DCF Value After Recent Share Price Weakness
Simply Wall St. âĸ 2026-01-30T03:19:47Z
Why Warner Music Group (WMG) Story Is Shifting With The Latest Price Target Rethink
Simply Wall St. âĸ 2026-01-29T15:11:16Z
Analysts Estimate Warner Music Group Corp. (WMG) to Report a Decline in Earnings: What to Look Out for
Zacks âĸ 2026-01-29T15:00:14Z
Pricing replaces growth as music industry enters next phase
Investing.com âĸ 2026-01-27T17:20:44Z3 Film & Television Production Stocks to Watch Amid Dull Industry Trends
Zacks âĸ 2026-01-22T15:08:00Z
1 Mid-Cap Stock for Long-Term Investors and 2 Facing Challenges
StockStory âĸ 2026-01-16T04:36:15Z
3 Stocks Estimated To Be Trading Below Intrinsic Value By Up To 49.7%
Simply Wall St. âĸ 2026-01-15T11:38:14Z
Streaming Services Forecasts Fueling Optimism Around Warner Music Group (WMG)
Insider Monkey âĸ 2026-01-10T12:49:43Z
Income Statement (Annual)
Revenue
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $3,632,000,000 | $3,355,000,000 | $3,177,000,000 | $3,080,000,000 |
| Cost Of Revenue | $3,632,000,000 | $3,355,000,000 | $3,177,000,000 | $3,080,000,000 |
| Total Revenue | $6,707,000,000 | $6,426,000,000 | $6,037,000,000 | $5,919,000,000 |
| Operating Revenue | $6,707,000,000 | $6,426,000,000 | $6,037,000,000 | $5,919,000,000 |
Expenses
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Interest Expense | $162,000,000 | $161,000,000 | $141,000,000 | $125,000,000 |
| Total Expenses | $5,779,000,000 | $5,458,000,000 | $5,248,000,000 | $5,205,000,000 |
| Other Income Expense | $-276,000,000 | $-206,000,000 | $-39,000,000 | $151,000,000 |
| Other Non Operating Income Expenses | $-42,000,000 | $-61,000,000 | $-36,000,000 | $151,000,000 |
| Net Non Operating Interest Income Expense | $-162,000,000 | $-161,000,000 | $-141,000,000 | $-125,000,000 |
| Interest Expense Non Operating | $162,000,000 | $161,000,000 | $141,000,000 | $125,000,000 |
| Operating Expense | $2,147,000,000 | $2,103,000,000 | $2,071,000,000 | $2,125,000,000 |
| Selling And Marketing Expense | $754,000,000 | $790,000,000 | $835,000,000 | $923,000,000 |
| General And Administrative Expense | $1,017,000,000 | $986,000,000 | $904,000,000 | $863,000,000 |
Income & Earnings
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $365,000,000 | $435,000,000 | $430,000,000 | $551,000,000 |
| Net Interest Income | $-162,000,000 | $-161,000,000 | $-141,000,000 | $-125,000,000 |
| Normalized Income | $541,693,878 | $550,324,459 | $432,162,562 | $551,000,000 |
| Net Income From Continuing And Discontinued Operation | $365,000,000 | $435,000,000 | $430,000,000 | $551,000,000 |
| Total Operating Income As Reported | $694,000,000 | $823,000,000 | $790,000,000 | $714,000,000 |
| Net Income Common Stockholders | $365,000,000 | $435,000,000 | $430,000,000 | $551,000,000 |
| Net Income | $365,000,000 | $435,000,000 | $430,000,000 | $551,000,000 |
| Net Income Including Noncontrolling Interests | $370,000,000 | $478,000,000 | $439,000,000 | $555,000,000 |
| Net Income Continuous Operations | $370,000,000 | $478,000,000 | $439,000,000 | $555,000,000 |
| Pretax Income | $490,000,000 | $601,000,000 | $609,000,000 | $740,000,000 |
| Special Income Charges | $-234,000,000 | $-145,000,000 | $-3,000,000 | $0 |
| Operating Income | $928,000,000 | $968,000,000 | $789,000,000 | $714,000,000 |
| Depreciation Amortization Depletion Income Statement | $376,000,000 | $327,000,000 | $332,000,000 | $339,000,000 |
| Depreciation And Amortization In Income Statement | $376,000,000 | $327,000,000 | $332,000,000 | $339,000,000 |
| Amortization Of Intangibles Income Statement | $258,000,000 | $224,000,000 | $245,000,000 | $263,000,000 |
| Depreciation Income Statement | $118,000,000 | $103,000,000 | $87,000,000 | $76,000,000 |
| Gross Profit | $3,075,000,000 | $3,071,000,000 | $2,860,000,000 | $2,839,000,000 |
Per Share Metrics
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Diluted EPS | $0.69 | $0.83 | $0.82 | $1.06 |
| Basic EPS | $0.69 | $0.83 | $0.82 | $1.06 |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $-57,306,122 | $-29,675,541 | $-837,438 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $1,262,000,000 | $1,234,000,000 | $1,085,000,000 | $1,204,000,000 |
| Total Unusual Items | $-234,000,000 | $-145,000,000 | $-3,000,000 | $0 |
| Total Unusual Items Excluding Goodwill | $-234,000,000 | $-145,000,000 | $-3,000,000 | $0 |
| Reconciled Depreciation | $376,000,000 | $327,000,000 | $332,000,000 | $339,000,000 |
| EBITDA (Bullshit earnings) | $1,028,000,000 | $1,089,000,000 | $1,082,000,000 | $1,204,000,000 |
| EBIT | $652,000,000 | $762,000,000 | $750,000,000 | $865,000,000 |
| Diluted Average Shares | $528,985,507 | $517,523,000 | $524,390,244 | $519,811,321 |
| Basic Average Shares | $528,985,507 | $517,523,000 | $524,390,244 | $519,811,321 |
| Diluted NI Availto Com Stockholders | $365,000,000 | $435,000,000 | $430,000,000 | $551,000,000 |
| Minority Interests | $-5,000,000 | $-43,000,000 | $-9,000,000 | $-4,000,000 |
| Tax Provision | $120,000,000 | $123,000,000 | $170,000,000 | $185,000,000 |
| Gain On Sale Of Business | $0 | $32,000,000 | $41,000,000 | $0 |
| Restructuring And Mergern Acquisition | $234,000,000 | $177,000,000 | $40,000,000 | $0 |
| Amortization | $258,000,000 | $224,000,000 | $245,000,000 | $263,000,000 |
| Selling General And Administration | $1,771,000,000 | $1,776,000,000 | $1,739,000,000 | $1,786,000,000 |
| Other Gand A | $1,017,000,000 | $986,000,000 | $904,000,000 | $863,000,000 |
| Otherunder Preferred Stock Dividend | - | - | $6,000,000 | $7,000,000 |
| Other Special Charges | - | - | $4,000,000 | - |
Balance Sheet (Annual)
Assets
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Tangible Assets | $-4,293,000,000 | $-4,014,000,000 | $-4,188,000,000 | $-4,152,000,000 |
| Total Assets | $9,829,000,000 | $9,155,000,000 | $8,545,000,000 | $7,828,000,000 |
| Total Non Current Assets | $7,059,000,000 | $6,512,000,000 | $6,143,000,000 | $5,689,000,000 |
| Other Non Current Assets | $299,000,000 | $348,000,000 | $225,000,000 | $212,000,000 |
| Non Current Prepaid Assets | $1,079,000,000 | $874,000,000 | $688,000,000 | $503,000,000 |
| Non Current Deferred Assets | $111,000,000 | $52,000,000 | $32,000,000 | $29,000,000 |
| Non Current Deferred Taxes Assets | $111,000,000 | $52,000,000 | $32,000,000 | $29,000,000 |
| Goodwill And Other Intangible Assets | $4,940,000,000 | $4,532,000,000 | $4,495,000,000 | $4,304,000,000 |
| Other Intangible Assets | $2,879,000,000 | $2,511,000,000 | $2,502,000,000 | $2,384,000,000 |
| Current Assets | $2,770,000,000 | $2,643,000,000 | $2,402,000,000 | $2,139,000,000 |
| Other Current Assets | $166,000,000 | $125,000,000 | $102,000,000 | $91,000,000 |
| Assets Held For Sale Current | $89,000,000 | $0 | - | - |
| Prepaid Assets | $581,000,000 | $470,000,000 | $413,000,000 | $372,000,000 |
| Inventory | $62,000,000 | $99,000,000 | $126,000,000 | $108,000,000 |
| Receivables | $1,340,000,000 | $1,255,000,000 | $1,120,000,000 | $984,000,000 |
| Accounts Receivable | $1,340,000,000 | $1,255,000,000 | $1,120,000,000 | $984,000,000 |
| Allowance For Doubtful Accounts Receivable | $-27,000,000 | $-26,000,000 | $-19,000,000 | $-19,000,000 |
| Gross Accounts Receivable | $1,367,000,000 | $1,281,000,000 | $1,139,000,000 | $1,003,000,000 |
| Cash Cash Equivalents And Short Term Investments | $532,000,000 | $694,000,000 | $641,000,000 | $584,000,000 |
| Cash And Cash Equivalents | $532,000,000 | $694,000,000 | $641,000,000 | $584,000,000 |
Debt
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Debt | $3,833,000,000 | $3,320,000,000 | $3,323,000,000 | $3,148,000,000 |
| Total Debt | $4,608,000,000 | $4,287,000,000 | $4,260,000,000 | $4,013,000,000 |
| Long Term Debt And Capital Lease Obligation | $4,565,000,000 | $4,242,000,000 | $4,219,000,000 | $3,973,000,000 |
| Long Term Debt | $4,365,000,000 | $4,014,000,000 | $3,964,000,000 | $3,732,000,000 |
| Current Debt And Capital Lease Obligation | $43,000,000 | $45,000,000 | $41,000,000 | $40,000,000 |
Liabilities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $9,072,000,000 | $8,480,000,000 | $8,115,000,000 | $7,660,000,000 |
| Total Non Current Liabilities Net Minority Interest | $4,871,000,000 | $4,583,000,000 | $4,576,000,000 | $4,292,000,000 |
| Other Non Current Liabilities | $142,000,000 | $146,000,000 | $141,000,000 | $99,000,000 |
| Non Current Deferred Liabilities | $164,000,000 | $195,000,000 | $216,000,000 | $220,000,000 |
| Non Current Deferred Taxes Liabilities | $164,000,000 | $195,000,000 | $216,000,000 | $220,000,000 |
| Current Liabilities | $4,201,000,000 | $3,897,000,000 | $3,539,000,000 | $3,368,000,000 |
| Other Current Liabilities | $129,000,000 | $110,000,000 | $57,000,000 | $245,000,000 |
| Current Deferred Liabilities | $335,000,000 | $246,000,000 | $371,000,000 | $423,000,000 |
| Payables And Accrued Expenses | $3,694,000,000 | $3,496,000,000 | $3,070,000,000 | $2,660,000,000 |
| Interest Payable | $31,000,000 | $17,000,000 | $18,000,000 | $17,000,000 |
| Payables | $257,000,000 | $289,000,000 | $300,000,000 | $268,000,000 |
| Accounts Payable | $257,000,000 | $289,000,000 | $300,000,000 | $268,000,000 |
Equity
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Common Stock Equity | $647,000,000 | $518,000,000 | $307,000,000 | $152,000,000 |
| Total Equity Gross Minority Interest | $757,000,000 | $675,000,000 | $430,000,000 | $168,000,000 |
| Stockholders Equity | $647,000,000 | $518,000,000 | $307,000,000 | $152,000,000 |
| Gains Losses Not Affecting Retained Earnings | $-189,000,000 | $-247,000,000 | $-322,000,000 | $-347,000,000 |
| Other Equity Adjustments | $-189,000,000 | $-247,000,000 | $-322,000,000 | $-347,000,000 |
| Retained Earnings | $-1,331,000,000 | $-1,313,000,000 | $-1,387,000,000 | $-1,477,000,000 |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Ordinary Shares Number | $522,286,647 | $517,939,000 | $515,995,173 | $514,849,649 |
| Share Issued | $522,286,647 | $517,939,000 | $515,995,173 | $514,849,649 |
| Tangible Book Value | $-4,293,000,000 | $-4,014,000,000 | $-4,188,000,000 | $-4,152,000,000 |
| Invested Capital | $5,012,000,000 | $4,532,000,000 | $4,271,000,000 | $3,884,000,000 |
| Working Capital | $-1,431,000,000 | $-1,254,000,000 | $-1,137,000,000 | $-1,229,000,000 |
| Capital Lease Obligations | $243,000,000 | $273,000,000 | $296,000,000 | $281,000,000 |
| Total Capitalization | $5,012,000,000 | $4,532,000,000 | $4,271,000,000 | $3,884,000,000 |
| Minority Interest | $110,000,000 | $157,000,000 | $123,000,000 | $16,000,000 |
| Additional Paid In Capital | $2,166,000,000 | $2,077,000,000 | $2,015,000,000 | $1,975,000,000 |
| Capital Stock | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Common Stock | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Long Term Capital Lease Obligation | $200,000,000 | $228,000,000 | $255,000,000 | $241,000,000 |
| Current Deferred Revenue | $335,000,000 | $246,000,000 | $371,000,000 | $423,000,000 |
| Current Capital Lease Obligation | $43,000,000 | $45,000,000 | $41,000,000 | $40,000,000 |
| Current Accrued Expenses | $3,437,000,000 | $3,207,000,000 | $2,770,000,000 | $2,392,000,000 |
| Goodwill | $2,061,000,000 | $2,021,000,000 | $1,993,000,000 | $1,920,000,000 |
| Net PPE | $630,000,000 | $706,000,000 | $703,000,000 | $641,000,000 |
| Accumulated Depreciation | $-701,000,000 | $-615,000,000 | $-523,000,000 | $-461,000,000 |
| Gross PPE | $1,331,000,000 | $1,321,000,000 | $1,226,000,000 | $1,102,000,000 |
| Construction In Progress | $89,000,000 | $132,000,000 | $107,000,000 | $159,000,000 |
| Other Properties | $189,000,000 | $225,000,000 | $245,000,000 | $226,000,000 |
| Machinery Furniture Equipment | $853,000,000 | $737,000,000 | $669,000,000 | $518,000,000 |
| Buildings And Improvements | $190,000,000 | $216,000,000 | $194,000,000 | $188,000,000 |
| Land And Improvements | $10,000,000 | $11,000,000 | $11,000,000 | $11,000,000 |
| Properties | $0 | $0 | $0 | $0 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | $344,000,000 | $451,000,000 | $446,000,000 | $416,000,000 |
Operating Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Operating Cash Flow | $678,000,000 | $754,000,000 | $687,000,000 | $742,000,000 |
| Cash Flow From Continuing Operating Activities | $678,000,000 | $754,000,000 | $687,000,000 | $742,000,000 |
| Operating Gains Losses | $-27,000,000 | $-38,000,000 | $-41,000,000 | $46,000,000 |
Investing Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Capital Expenditure | $-334,000,000 | $-303,000,000 | $-241,000,000 | $-326,000,000 |
| Investing Cash Flow | $-340,000,000 | $-311,000,000 | $-300,000,000 | $-824,000,000 |
| Cash Flow From Continuing Investing Activities | $-340,000,000 | $-311,000,000 | $-300,000,000 | $-824,000,000 |
| Capital Expenditure Reported | $-139,000,000 | $-116,000,000 | $-127,000,000 | $-135,000,000 |
Financing Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Repurchase Of Capital Stock | $-16,000,000 | $0 | $0 | - |
| Financing Cash Flow | $-497,000,000 | $-396,000,000 | $-325,000,000 | $188,000,000 |
| Cash Flow From Continuing Financing Activities | $-497,000,000 | $-396,000,000 | $-325,000,000 | $188,000,000 |
| Net Other Financing Charges | $-97,000,000 | $-35,000,000 | $-149,000,000 | $-29,000,000 |
| Cash Dividends Paid | $-383,000,000 | $-361,000,000 | $-340,000,000 | $-318,000,000 |
| Common Stock Dividend Paid | $-383,000,000 | $-361,000,000 | $-340,000,000 | $-318,000,000 |
| Net Common Stock Issuance | $-16,000,000 | $0 | $0 | - |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Repayment Of Debt | $-1,000,000 | $-104,000,000 | $-1,000,000 | $0 |
| Issuance Of Debt | $0 | $104,000,000 | $165,000,000 | $535,000,000 |
| End Cash Position | $532,000,000 | $694,000,000 | $641,000,000 | $584,000,000 |
| Other Cash Adjustment Outside Changein Cash | $-3,000,000 | $0 | $0 | - |
| Beginning Cash Position | $694,000,000 | $641,000,000 | $584,000,000 | $499,000,000 |
| Effect Of Exchange Rate Changes | $0 | $6,000,000 | $-5,000,000 | $-21,000,000 |
| Changes In Cash | $-159,000,000 | $47,000,000 | $62,000,000 | $106,000,000 |
| Common Stock Payments | $-16,000,000 | $0 | $0 | - |
| Net Issuance Payments Of Debt | $-1,000,000 | $0 | $164,000,000 | $535,000,000 |
| Net Long Term Debt Issuance | $-1,000,000 | $0 | $164,000,000 | $535,000,000 |
| Long Term Debt Payments | $-1,000,000 | $-104,000,000 | $-1,000,000 | $0 |
| Long Term Debt Issuance | $0 | $104,000,000 | $165,000,000 | $535,000,000 |
| Net Investment Purchase And Sale | $-6,000,000 | $-27,000,000 | $-104,000,000 | $-498,000,000 |
| Sale Of Investment | $40,000,000 | $13,000,000 | $22,000,000 | $11,000,000 |
| Purchase Of Investment | $-46,000,000 | $-40,000,000 | $-126,000,000 | $-509,000,000 |
| Net Business Purchase And Sale | $0 | $19,000,000 | $45,000,000 | $0 |
| Sale Of Business | $0 | $19,000,000 | $45,000,000 | $0 |
| Net Intangibles Purchase And Sale | $-195,000,000 | $-187,000,000 | $-114,000,000 | $-191,000,000 |
| Purchase Of Intangibles | $-195,000,000 | $-187,000,000 | $-114,000,000 | $-191,000,000 |
| Change In Working Capital | $-221,000,000 | $-148,000,000 | $-119,000,000 | $-87,000,000 |
| Change In Other Working Capital | $28,000,000 | $-111,000,000 | $-123,000,000 | $102,000,000 |
| Change In Other Current Liabilities | $-15,000,000 | $-5,000,000 | $-4,000,000 | $-6,000,000 |
| Change In Other Current Assets | $4,000,000 | $-85,000,000 | $-10,000,000 | $-12,000,000 |
| Change In Payables And Accrued Expense | $146,000,000 | $355,000,000 | $334,000,000 | $140,000,000 |
| Change In Accrued Expense | $7,000,000 | $-6,000,000 | $1,000,000 | $3,000,000 |
| Change In Interest Payable | $7,000,000 | $-6,000,000 | $1,000,000 | $3,000,000 |
| Change In Payable | $139,000,000 | $361,000,000 | $333,000,000 | $137,000,000 |
| Change In Account Payable | $-28,000,000 | $86,000,000 | $77,000,000 | $-21,000,000 |
| Change In Prepaid Assets | $-312,000,000 | $-222,000,000 | $-191,000,000 | $-94,000,000 |
| Change In Inventory | $-11,000,000 | $30,000,000 | $-12,000,000 | $-22,000,000 |
| Change In Receivables | $-61,000,000 | $-110,000,000 | $-113,000,000 | $-195,000,000 |
| Changes In Account Receivables | $-61,000,000 | $-110,000,000 | $-113,000,000 | $-195,000,000 |
| Other Non Cash Items | $77,000,000 | $74,000,000 | $40,000,000 | $-163,000,000 |
| Stock Based Compensation | $54,000,000 | $52,000,000 | $49,000,000 | $39,000,000 |
| Asset Impairment Charge | $139,000,000 | $57,000,000 | $0 | $0 |
| Deferred Tax | $-90,000,000 | $-48,000,000 | $-13,000,000 | $13,000,000 |
| Deferred Income Tax | $-90,000,000 | $-48,000,000 | $-13,000,000 | $13,000,000 |
| Depreciation Amortization Depletion | $376,000,000 | $327,000,000 | $332,000,000 | $339,000,000 |
| Depreciation And Amortization | $376,000,000 | $327,000,000 | $332,000,000 | $339,000,000 |
| Amortization Cash Flow | $258,000,000 | $224,000,000 | $245,000,000 | $263,000,000 |
| Amortization Of Intangibles | $258,000,000 | $224,000,000 | $245,000,000 | $263,000,000 |
| Depreciation | $118,000,000 | $103,000,000 | $87,000,000 | $76,000,000 |
| Gain Loss On Investment Securities | $-27,000,000 | $-6,000,000 | $-3,000,000 | $46,000,000 |
| Gain Loss On Sale Of Business | $0 | $-32,000,000 | $-42,000,000 | $0 |
| Net Income From Continuing Operations | $370,000,000 | $478,000,000 | $439,000,000 | $555,000,000 |
| Purchase Of Business | - | - | - | - |