Quarterly Financial Information

12 Months Ended

Sep. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

WARNER MUSIC GROUP CORP.

2013 QUARTERLY FINANCIAL INFORMATION

(unaudited)

The following table sets forth the quarterly information for Warner Music Group Corp.

	Successor Three months ended
	September 30, 2013 (b)			June 30, 2013 (b)			March 31, 2013 (b)			December 31, 2012 (b)
	(in millions, except per share data)
Revenues	$	764		$	663		$	675		$	769
Costs and expenses
Cost of revenues		(391	)		(371	)		(329	)		(408	)
Selling, general and administrative expenses (a)		(350	)		(236	)		(242	)		(262	)
Amortization of intangible assets		(64	)		(48	)		(47	)		(48	)
Total costs and expenses		(805	)		(655	)		(618	)		(718	)
Operating income		(41	)		8			57			51
Loss on extinguishment of debt		—			(2	)		—			(83	)
Interest expense, net		(54	)		(47	)		(49	)		(53	)
Other income (expense), net		(1	)		(2	)		(4	)		(5	)
(Loss) from before income taxes		(96	)		(43	)		4			(90	)
Income tax (expense) benefit		39			(19	)		—			11
Net loss		(57	)		(62	)		4			(79	)
Less: income attributable to noncontrolling interest		—			(1	)		(2	)		(1	)
Net loss attributable to Warner Music Group Corp.	$	(57	)	$	(63	)	$	2		$	(80	)
(a) Includes depreciation expense of	$	(13	)	$	(13	)	$	(12	)	$	(13	)

(b) The Company’s business is seasonal. Therefore, quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year.

WARNER MUSIC GROUP CORP.

2012 QUARTERLY FINANCIAL INFORMATION

(unaudited)

The following table sets forth the quarterly information for Warner Music Group Corp.

	Successor Three months ended
	September 30, 2012 (b)			June 30, 2012 (b)			March 31, 2012 (b)			December 31, 2011 (b)
	(in millions, except per share data)
Revenues	$	731		$	651		$	623		$	775
Costs and expenses
Cost of revenues		(368	)		(353	)		(318	)		(420	)
Selling, general and administrative expenses (a)		(274	)		(244	)		(233	)		(268	)
Amortization of intangible assets		(48	)		(47	)		(50	)		(48	)
Total costs and expenses		(690	)		(644	)		(601	)		(736	)
Operating income		41			7			22			39
Interest expense, net		(56	)		(56	)		(56	)		(57	)
Other income (expense), net		2			6			2			(2	)
(Loss) from before income taxes		(13	)		(43	)		(32	)		(20	)
Income tax (expense) benefit		(4	)		11			(2	)		(6	)
Net loss		(17	)		(32	)		(34	)		(26	)
Less: income attributable to noncontrolling interest		(1	)		—			(2	)		—
Net loss attributable to Warner Music Group Corp.	$	(18	)	$	(32	)	$	(36	)	$	(26	)
(a) Includes depreciation expense of	$	(14	)	$	(12	)	$	(13	)	$	(12	)

(b) The Company’s business is seasonal. Therefore, quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year.