Warner Bros. Discovery Inc. (WBD) Financial Statements (2024 and earlier)

Company Profile

Business Address 230 PARK AVENUE SOUTH
NEW YORK, NY 10003
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8333,7593,9052,0911,552986
Cash and cash equivalents3,7803,7313,9052,0911,552986
Short-term investments5328    
Restricted cash and investments539199    
Receivables6,0476,3802,4462,5372,6332,620
Other current assets 2,2832,657    
Other undisclosed current assets1,5161,0049131,5021,032625
Total current assets:14,21813,9997,2646,1305,2174,231
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 249244249220231
Operating lease, right-of-use asset 3,0743,189535575613
Property, plant and equipment 5,9575,3011,3361,206951800
Long-term investments and receivables9961,062543507568935
Long-term investments9961,062543507568935
Intangible assets, net (including goodwill)73,25479,42019,22920,71021,71722,680
Goodwill34,96934,43812,91213,07013,05013,006
Intangible assets, net (excluding goodwill)38,28544,9826,3177,6408,6679,674
Other noncurrent assets8,0998,6292,2232,0952,153835
Other undisclosed noncurrent assets16,91022,1573,0482,6442,2853,069
Total noncurrent assets:108,539120,00227,16327,95728,51828,319
TOTAL ASSETS:122,757134,00134,42734,08733,73532,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,62812,9582,6422,1902,1411,888
Accounts payable1,2601,454412397463325
Accrued liabilities10,36811,5042,2301,7931,6781,563
Deferred revenue1,9241,694478557489
Debt1,7803653393356091,860
Contract with customer, liability249
Total current liabilities:15,33215,0173,4593,0823,2393,997
Noncurrent Liabilities
Long-term debt and lease obligation, including:41,88948,63414,42015,06914,81015,185
Finance lease, liability 191186197184203
Other undisclosed long-term debt and lease obligation41,69848,44813,65614,29313,98615,185
Liabilities, other than long-term debt19,06421,6833,1523,5533,7201,040
Deferred income tax liabilities8,73611,0141,2251,5341,691
Other liabilities10,32810,6691,9272,0192,0291,040
Operating lease, liability   567592621
Other undisclosed noncurrent liabilities      1,811
Total noncurrent liabilities:60,95370,31717,57218,62218,53018,036
Total liabilities:76,28585,33421,03121,70421,76922,033
Temporary equity, carrying amount165318363383442415
Equity
Equity, attributable to parent, including:45,22647,09511,59910,4649,8918,386
Common stock2727    
Treasury stock, value(8,244)(8,244)(8,244)(8,244)(7,374)(6,737)
Additional paid in capital55,11254,63011,08610,80910,74710,647
Accumulated other comprehensive loss(741)(1,523)(830)(651)(822)(785)
Retained earnings (accumulated deficit)(928)2,2059,5808,5437,3335,254
Other undisclosed equity, attributable to parent   7777
Equity, attributable to noncontrolling interest1,0811,2541,4341,5361,6331,716
Total equity:46,30748,34913,03312,00011,52410,102
TOTAL LIABILITIES AND EQUITY:122,757134,00134,42734,08733,73532,550

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues41,32133,81712,19110,67111,14410,553
Cost of revenue(24,526)(20,442)(4,620)(3,952)(3,974)(3,935)
Cost of goods and services sold(24,526)(20,442)(4,620)(3,860)(3,819) 
Gross profit:16,79513,3757,5716,7197,1706,618
Operating expenses(18,428)(21,823)(5,559)(4,204)(4,161)(4,684)
Other undisclosed operating income851,078    
Operating income (loss):(1,548)(7,370)2,0122,5153,0091,934
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(12)3478242(8)(120)
Interest and debt expense(2,221)(1,777)(643)(724)(705)(729)
Income (loss) from continuing operations before equity method investments, income taxes:(3,781)(8,800)1,4511,8332,2961,085
Loss from equity method investments(82)(160)(18)(105)(2)(63)
Income (loss) from continuing operations before income taxes:(3,863)(8,960)1,4331,7282,2941,022
Income tax expense (benefit)7841,663(236)(373)(81)(341)
Income (loss) from continuing operations:(3,079)(7,297)1,1971,3552,213681
Income before gain (loss) on sale of properties:1,1971,3552,213681
Net income (loss):(3,079)(7,297)1,1971,3552,213681
Net loss attributable to noncontrolling interest(47)(74)(191)(136)(144)(87)
Net income (loss) attributable to parent:(3,126)(7,371)1,0061,2192,069594
Preferred stock dividends and other adjustments  16 (20) 
Undistributed earnings (loss) allocated to participating securities, basic  (49)    
Other undisclosed net loss available to common stockholders, basic   (110)(128)(204)(65)
Net income (loss) available to common stockholders, basic:(3,126)(7,420)9121,0911,845529
Dilutive securities, effect on basic earnings per share   11012820460
Net income (loss) available to common stockholders, diluted:(3,126)(7,420)1,0221,2192,049589

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(3,079)(7,297)1,1971,3552,213681
Other comprehensive income (loss)782(693)(179)171(7)(174)
Other undisclosed comprehensive loss      
Comprehensive income (loss):(2,297)(7,990)1,0181,5262,206507
Comprehensive loss, net of tax, attributable to noncontrolling interest     (127)(67)
Other undisclosed comprehensive loss, net of tax, attributable to parent(47)(74)(191)(136)(17)(20)
Comprehensive income (loss), net of tax, attributable to parent:(2,344)(8,064)8271,3902,062420

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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