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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities      
Net income $ 478 $ 439 $ 555
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 327 332 339
Unrealized losses (gains) and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts 68 38 (169)
Deferred income taxes (48) (13) 13
Loss on extinguishment of debt 0 4 0
Net loss (gain) on investments (6) (3) 46
Net loss (gain) on divestitures (32) (42) 0
Non-cash interest expense 6 2 6
Non-cash stock-based compensation expense 52 49 39
Non-cash impairments and restructuring 57 0 0
Changes in operating assets and liabilities:      
Accounts receivable, net (110) (113) (195)
Inventories 30 (12) (22)
Royalty advances (222) (191) (94)
Other noncurrent assets (85) (10) (12)
Accounts payable and accrued liabilities 86 77 (21)
Royalty payables 275 256 158
Accrued interest (6) 1 3
Operating lease liabilities (5) (4) (6)
Deferred revenue (133) (58) 86
Other balance sheet changes 22 (65) 16
Net cash provided by operating activities 754 687 742
Cash flows from investing activities      
Acquisition of music publishing rights and music catalogs (187) (114) (191)
Capital expenditures (116) (127) (135)
Investments and acquisitions of businesses, net of cash received (40) (126) (509)
Proceeds from the sale of investments 13 22 11
Proceeds from divestitures 19 45 0
Net cash used in investing activities (311) (300) (824)
Cash flows from financing activities      
Deferred financing costs paid (2) (3) (5)
Distribution to noncontrolling interest holders (8) (12) (6)
Dividends paid (361) (340) (318)
Payment of deferred and contingent consideration (20) (133) (7)
Taxes paid related to net share settlement of restricted stock units and common stock (5) 0 (6)
Other 0 (1) (5)
Net cash (used in) provided by financing activities (396) (325) 188
Effect of exchange rate changes on cash and equivalents 6 (5) (21)
Net increase in cash and equivalents 53 57 85
Cash and equivalents at beginning of period 641 584 499
Cash and equivalents at end of period 694 641 584
Senior Term Loan Facility      
Cash flows from financing activities      
Proceeds from issuance of secured note 104 146 0
Repayment of senior secured notes (104) 0 0
Term Loan Mortgage      
Cash flows from financing activities      
Proceeds from issuance of secured note 0 19 0
Repayment of senior secured notes 0 (1) 0
3.750% Senior Secured Notes      
Cash flows from financing activities      
Proceeds from issuance of secured note $ 0 $ 0 $ 535