Warner Historical Income Statement
| WMG Stock | USD 32.17 0.35 1.08% |
Historical analysis of Warner Music income statement accounts such as Total Revenue of 4 B, Gross Profit of 2 B, Other Operating Expenses of 3.9 B or Operating Income of 864.1 M can show how well Warner Music Group performed in making a profits. Evaluating Warner Music income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Warner Music's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Warner Music Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Warner Music Group is a good buy for the upcoming year.
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About Warner Income Statement Analysis
Warner Music Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Warner Music shareholders. The income statement also shows Warner investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Warner Music Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Warner Music Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Warner Music Group minus its cost of goods sold. It is profit before Warner Music operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Warner Music Group. It is also known as Warner Music overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Warner Music Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Warner Music Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Cost Of Revenue
Cost of Revenue is found on Warner Music Group income statement and represents the costs associated with goods and services Warner Music provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Warner Music income statement and is an important metric when analyzing Warner Music Group profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Warner Music's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Warner Music Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Music Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Warner Music's Net Income is most likely to increase significantly in the upcoming years. The Warner Music's current Income Before Tax is estimated to increase to about 631 M, while Gross Profit is projected to decrease to roughly 2 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 2.9B | 3.1B | 2.0B | Total Revenue | 5.9B | 6.0B | 6.4B | 4.0B |
Warner Music income statement Correlations
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Warner Music Account Relationship Matchups
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Warner Music income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 4.5B | 5.3B | 5.9B | 6.0B | 6.4B | 4.0B | |
| Gross Profit | 2.1B | 2.6B | 2.8B | 2.9B | 3.1B | 2.0B | |
| Operating Income | (229M) | 609M | 714M | 790M | 823M | 864.2M | |
| Ebit | (320M) | 609M | 865M | 829M | 762M | 800.1M | |
| Ebitda | (59M) | 915M | 1.2B | 1.2B | 1.1B | 595.6M | |
| Cost Of Revenue | 2.3B | 2.7B | 3.1B | 3.2B | 3.4B | 2.1B | |
| Total Operating Expenses | 2.4B | 2.0B | 2.1B | 2.1B | 2.2B | 1.7B | |
| Net Income | (475M) | 304M | 551M | 430M | 435M | 456.8M | |
| Income Tax Expense | 23M | 149M | 185M | 170M | 123M | 116.9M | |
| Income Before Tax | (447M) | 456M | 740M | 609M | 601M | 631.1M | |
| Total Other Income Expense Net | (218M) | (153M) | 26M | (181M) | (222M) | (210.9M) | |
| Interest Expense | 127M | 122M | 125M | 141M | 161M | 120.8M | |
| Selling General Administrative | 1.4B | 870M | 939M | 991M | 986M | 713.7M | |
| Selling And Marketing Expenses | 735M | 851M | 923M | 835M | 790M | 714.1M | |
| Tax Provision | 23M | 149M | 185M | 170M | 123M | 72.8M | |
| Net Income Applicable To Common Shares | 256M | (476M) | 304M | 551M | 633.7M | 665.3M | |
| Net Interest Income | (127M) | (122M) | (125M) | (141M) | (161M) | (169.1M) | |
| Net Income From Continuing Ops | (470M) | 307M | 555M | 439M | 478M | 251.5M | |
| Minority Interest | 18M | (3M) | (4M) | (9M) | (43M) | (40.9M) |
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When determining whether Warner Music Group is a strong investment it is important to analyze Warner Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Warner Music's future performance. For an informed investment choice regarding Warner Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Music Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Warner Music. If investors know Warner will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Warner Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.137 | Earnings Share 0.83 | Revenue Per Share 12.343 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0742 |
The market value of Warner Music Group is measured differently than its book value, which is the value of Warner that is recorded on the company's balance sheet. Investors also form their own opinion of Warner Music's value that differs from its market value or its book value, called intrinsic value, which is Warner Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Warner Music's market value can be influenced by many factors that don't directly affect Warner Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Warner Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Warner Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Warner Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.