Warner Music Group Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2010 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.58B | $3.25B | $2.97B | $3.03B | $2.87B | $2.78B | $2.99B |
| Cost of Revenue | $1.93B | $1.71B | $1.51B | $1.57B | $1.49B | $1.46B | $1.58B |
| Gross Profit | $1.65B | $1.54B | $1.46B | $1.46B | $1.38B | $1.33B | $1.40B |
| Gross Margin | 46.0% | 47.4% | 49.1% | 48.1% | 48.0% | 47.7% | 47.0% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $1.22B | $1.08B | $1.07B | $1.17B | $1.10B | $1.02B | $1.10B |
| Operating Income | $222.0M | $214.0M | $127.0M | $19.0M | $75.0M | $109.0M | $90.0M |
| Operating Margin | 6.2% | 6.6% | 4.3% | 0.6% | 2.6% | 3.9% | 3.0% |
| Interest Expense | — | — | — | — | — | $225.0M | $190.0M |
| Pretax Income | $-2.0M | $41.0M | $-75.0M | $-329.0M | $-225.0M | $-108.0M | $-104.0M |
| Income Tax Expense | $-151.0M | $11.0M | $13.0M | $-26.0M | $-31.0M | $1.0M | $41.0M |
| Net Income | $143.0M | $25.0M | $-91.0M | $-308.0M | $-198.0M | $-112.0M | $-143.0M |
| Net Margin | 4.0% | 0.8% | -3.1% | -10.2% | -6.9% | -4.0% | -4.8% |
| EPS (Basic) | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 1.1K | 1.1K | 1.1K | 1.1K | 1.1K | 1.0K | — |
| Shares Outstanding (Diluted) | 1.1K | 1.1K | 1.1K | 1.1K | 1.1K | 1.0K | — |
| Dividends Per Share | — | — | — | — | — | — | — |