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Segment Information (Tables)
12 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Information

The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

Recorded

 

 

Music

 

 

expenses and

 

 

 

 

 

 

 

Music

 

 

Publishing

 

 

eliminations

 

 

Total

 

 

 

(in millions)

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,736

 

 

$

524

 

 

$

(14

)

 

$

3,246

 

OIBDA

 

 

459

 

 

 

138

 

 

 

(90

)

 

 

507

 

Depreciation of property, plant and equipment

 

 

(32

)

 

 

(7

)

 

 

(11

)

 

 

(50

)

Amortization of intangible assets

 

 

(180

)

 

 

(63

)

 

 

 

 

 

(243

)

Operating income (loss)

 

 

247

 

 

 

68

 

 

 

(101

)

 

 

214

 

Total assets

 

 

2,584

 

 

 

2,365

 

 

 

420

 

 

 

5,369

 

Capital expenditures

 

 

18

 

 

 

7

 

 

 

17

 

 

 

42

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,501

 

 

$

482

 

 

$

(17

)

 

$

2,966

 

OIBDA

 

 

379

 

 

 

146

 

 

 

(89

)

 

 

436

 

Depreciation of property, plant and equipment

 

 

(36

)

 

 

(6

)

 

 

(12

)

 

 

(54

)

Amortization of intangible assets

 

 

(192

)

 

 

(63

)

 

 

 

 

 

(255

)

Operating income (loss)

 

 

151

 

 

 

77

 

 

 

(101

)

 

 

127

 

Total assets

 

 

2,869

 

 

 

2,408

 

 

 

344

 

 

 

5,621

 

Capital expenditures

 

 

19

 

 

 

7

 

 

 

37

 

 

 

63

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,526

 

 

$

517

 

 

$

(16

)

 

$

3,027

 

OIBDA

 

 

267

 

 

 

166

 

 

 

(93

)

 

 

340

 

Depreciation of property, plant and equipment

 

 

(35

)

 

 

(7

)

 

 

(13

)

 

 

(55

)

Amortization of intangible assets

 

 

(201

)

 

 

(65

)

 

 

 

 

 

(266

)

Operating income (loss)

 

 

31

 

 

 

94

 

 

 

(106

)

 

 

19

 

Capital expenditures

 

 

27

 

 

 

8

 

 

 

41

 

 

 

76

 

 

Long-Lived Assets and Revenue by Geographical Areas

Revenues relating to operations in different geographical areas are set forth below for the fiscal years ended September 30, 2016, 2015 and 2014. Total assets relating to operations in different geographical areas are set forth below as of September 30, 2016 and September 30, 2015.

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

Long-lived

 

 

 

 

 

 

Long-lived

 

 

 

 

 

 

 

Revenue

 

 

Assets

 

 

Revenue

 

 

Assets

 

 

Revenue

 

 

 

(in millions)

 

United States

 

$

1,360

 

 

$

138

 

 

$

1,171

 

 

$

149

 

 

$

1,141

 

United Kingdom

 

 

491

 

 

 

23

 

 

 

477

 

 

 

30

 

 

 

467

 

All other territories

 

 

1,395

 

 

 

42

 

 

 

1,318

 

 

 

41

 

 

 

1,419

 

Total

 

$

3,246

 

 

$

203

 

 

$

2,966

 

 

$

220

 

 

$

3,027