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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 167 $ 325
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 203 205
Unrealized gains on remeasurement of foreign denominated loans (6) (6)
Deferred income taxes 25 105
Loss on extinguishment of debt 7 31
Net gain on divestitures and investments (27) (385)
Non-cash interest expense 5 5
Equity-based compensation expense 28 52
Changes in operating assets and liabilities:    
Accounts receivable, net (50) (43)
Inventories 12 (1)
Royalty advances (107) 0
Accounts payable and accrued liabilities (94) (84)
Royalty payables 117 113
Accrued interest (13) (22)
Deferred revenue (17) 0
Other balance sheet changes (1) (30)
Net cash provided by operating activities 249 265
Cash flows from investing activities    
Acquisition of music publishing rights, net (24) (11)
Capital expenditures (82) (40)
Investments and acquisitions of businesses, net of cash received (234) (14)
Proceeds from the sale of investments 0 516
Net cash (used in) provided by investing activities (340) 451
Cash flows from financing activities    
Proceeds from supplement of Acquisition Corp. Senior Term Loan Facility 0 320
Call premiums paid and deposit on early redemption of debt (5) (23)
Deferred financing costs paid (7) (12)
Distribution to noncontrolling interest holder (3) (3)
Dividends paid (63) (425)
Net cash provided by (used in) financing activities 119 (453)
Effect of exchange rate changes on cash and equivalents (1) (5)
Net increase in cash and equivalents 27 258
Cash and equivalents at beginning of period 514 647
Cash and equivalents at end of period 541 905
3.625% Senior Secured Notes    
Cash flows from financing activities    
Proceeds from issuance Senior Notes 514 0
4.125% Senior Secured Notes    
Cash flows from financing activities    
Repayment of Senior Secured Notes (40) 0
4.875% Senior Secured Notes    
Cash flows from financing activities    
Repayment of Senior Secured Notes (30) 0
5.625% Senior Secured Notes    
Cash flows from financing activities    
Repayment of Senior Secured Notes (247) 0
5.50% Senior Notes    
Cash flows from financing activities    
Proceeds from issuance Senior Notes 0 325
6.75% Senior Notes    
Cash flows from financing activities    
Repayment of and redemption deposit for Acquisition Corp. Senior Notes $ 0 $ (635)