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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8332,4243,0702,6473,7592,422
Cash and cash equivalents3,7802,3833,0272,5943,7312,422
Short-term investments5341435328 
Restricted cash and investments53947504519991
Receivables6,0476,3126,7706,8336,3806,669
Inventory, net of allowances, customer advances and progress billings      149
Inventory      149
Contract with customer, asset, after allowance for credit loss      15
Other current assets 2,283   2,6572,293
Other undisclosed current assets1,5164,0483,8834,2021,0041,033
Total current assets:14,21812,83113,77313,72713,99912,672
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 249   244246
Operating lease, right-of-use asset 3,074   3,1893,222
Property, plant and equipment 5,957   5,301 
Long-term investments and receivables9969711,0091,0241,062 
Long-term investments9969711,0091,0241,062 
Intangible assets, net (including goodwill)73,25474,60176,49577,89779,42081,194
Goodwill34,96934,72734,91134,65834,43834,450
Intangible assets, net (excluding goodwill)38,28539,87441,58443,23944,98246,744
Contract with customer, asset, after allowance for credit loss      32
Other noncurrent assets8,0998,0538,4848,1628,6298,752
Other undisclosed noncurrent assets16,91027,29328,85729,77422,15729,931
Total noncurrent assets:108,539110,918114,845116,857120,002123,377
TOTAL ASSETS:122,757123,749128,618130,584134,001136,049
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,62811,36912,35711,28112,95813,375
Employee-related liabilities1,644
Accounts payable1,2601,3291,6891,1231,4541,534
Accrued liabilities10,36810,04010,66810,15811,50410,197
Deferred revenue1,9241,9171,5481,6031,6941,688
Debt1,7801,3023,0013,4963651,257
Other undisclosed current liabilities      (1,644)
Total current liabilities:15,33214,58816,90616,38015,01714,676
Noncurrent Liabilities
Long-term debt and lease obligation, including:41,88943,49844,27645,43448,63448,612
Finance lease, liability 191   186187
Other undisclosed long-term debt and lease obligation41,69843,49844,27645,43448,44848,425
Liabilities, other than long-term debt19,06419,52120,65120,92821,68322,681
Deferred income tax liabilities8,7369,0989,71810,21111,01412,317
Other liabilities10,32810,42310,93310,71710,66910,364
Total noncurrent liabilities:60,95363,01964,92766,36270,31771,293
Total liabilities:76,28577,60781,83382,74285,33485,969
Temporary equity, carrying amount165281306309318318
Equity
Equity, attributable to parent, including:45,22644,77445,45246,49647,09548,517
Common stock2727272727 
Treasury stock, value(8,244)(8,244)(8,244)(8,244)(8,244)(8,244)
Additional paid in capital55,11254,94454,81654,68554,63054,547
Accumulated other comprehensive loss(741)(1,427)(1,042)(1,105)(1,523)(2,119)
Retained earnings (accumulated deficit)(928)(526)(105)1,1332,2054,306
Other undisclosed equity, attributable to parent      27
Equity, attributable to noncontrolling interest1,0811,0871,0271,0371,2541,245
Total equity:46,30745,86146,47947,53348,34949,762
TOTAL LIABILITIES AND EQUITY:122,757123,749128,618130,584134,001136,049

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues10,2849,97910,35810,70011,0089,823
Revenue from related parties740(1,827)708
Cost of revenue(5,896)(5,309)(6,636)(6,685)(6,954)(5,627)
Cost of goods and services sold(5,896)(5,309)(6,636)(6,685)  
Gross profit:4,3884,6703,7224,0154,0544,196
Operating expenses(4,530)(4,604)(4,675)(4,619)(5,944)(6,402)
Other undisclosed operating income (loss)(40)314747(4)16
Operating income (loss):(182)97(906)(557)(1,894)(2,190)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
97(63)27(73)(64)(28)
Interest and debt expense(519)(552)(579)(571)(558)(555)
Loss from continuing operations before equity method investments, income taxes:(604)(518)(1,458)(1,201)(2,516)(2,773)
Loss from equity method investments(9)(14)(22)(37)(25)(78)
Loss from continuing operations before income taxes:(613)(532)(1,480)(1,238)(2,541)(2,851)
Income tax expense (benefit)221125260178462566
Loss from continuing operations:(392)(407)(1,220)(1,060)(2,079)(2,285)
Loss before gain (loss) on sale of properties:(2,285)
Net loss:(392)(407)(1,220)(1,060)(2,079)(2,285)
Net loss attributable to noncontrolling interest(8)(10)(20)(9)(22)(23)
Net loss attributable to parent:(400)(417)(1,240)(1,069)(2,101)(2,308)
Preferred stock dividends and other adjustments    789 
Other undisclosed net loss available to common stockholders, basic     (789) 
Net loss available to common stockholders, diluted:(400)(417)(1,240)(1,069)(2,101)(2,308)

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net loss:(392)(407)(1,220)(1,060)(2,079)(2,285)
Other comprehensive income (loss)807(385)63418 (666)
Other undisclosed comprehensive income (loss)(121)   596 
Comprehensive income (loss):294(792)(1,157)(642)(1,483)(2,951)
Other undisclosed comprehensive loss, net of tax, attributable to parent(8)(10)(20)(9)(22)(23)
Comprehensive income (loss), net of tax, attributable to parent:286(802)(1,177)(651)(1,505)(2,974)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: