Discovery, Inc. (DISCA) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9052,0911,5529867,309460539
Cash and cash equivalents3,9052,0911,5529867,309300390
Short-term investments     160149
Receivables2,4462,5372,6332,6201,8381,4951,479
Deferred tax assets  9768
Other undisclosed current assets9131,5021,032625844547510
Total current assets:7,2646,1305,2174,2319,9912,5992,596
Noncurrent Assets
Finance lease, right-of-use asset249220231
Operating lease, right-of-use asset535575613
Property, plant and equipment1,3361,206951800597482488
Long-term investments and receivables543507568935335557567
Long-term investments543507568935335557567
Intangible assets, net (including goodwill)19,22920,71021,71722,6808,8439,5529,894
Goodwill12,91213,07013,05013,0067,0738,0408,164
Intangible assets, net (excluding goodwill)6,3177,6408,6679,6741,7701,5121,730
Other noncurrent assets2,2232,0952,153835576479289
Other undisclosed noncurrent assets3,0482,6442,2853,0692,2132,0892,030
Total noncurrent assets:27,16327,95728,51828,31912,56413,15913,268
TOTAL ASSETS:34,42734,08733,73532,55022,55515,75815,864
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6422,1902,1411,8881,5861,3161,270
Accounts payable412397463325277241282
Accrued liabilities2,2301,7931,6781,5631,3091,075988
Deferred revenue478557489
Debt3393356091,86030130212
Contract with customer, liability249
Other undisclosed current liabilities    25511597
Total current liabilities:3,4593,0823,2393,9971,8711,5611,579
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,42015,06914,81015,18514,7557,8417,616
Finance lease, liability197184203
Operating lease, liability567592621
Other undisclosed long-term debt and lease obligation13,65614,29313,98615,18514,7557,8417,616
Liabilities, other than long-term debt3,1523,5533,7201,040906946977
Deferred tax liabilities, net 319553556
Deferred income tax liabilities1,2251,5341,691
Other liabilities1,9272,0192,0291,040587393421
Other undisclosed noncurrent liabilities   1,811   
Total noncurrent liabilities:17,57218,62218,53018,03615,6618,7878,593
Total liabilities:21,03121,70421,76922,03317,53210,34810,172
Temporary equity, carrying amount363383442415413243241
Stockholders' equity
Stockholders' equity attributable to parent, including:11,59910,4649,8918,3864,6055,1605,451
Treasury stock, value(8,244)(8,244)(7,374)(6,737)(6,737)(6,356)(5,461)
Additional paid in capital11,08610,80910,74710,6477,2957,0467,021
Accumulated other comprehensive loss(830)(651)(822)(785)(585)(762)(633)
Retained earnings9,5808,5437,3335,2544,6325,2324,517
Other undisclosed stockholders' equity attributable to parent7777  7
Stockholders' equity attributable to noncontrolling interest1,4341,5361,6331,716   
Other undisclosed stockholders' equity    57 
Total stockholders' equity:13,03312,00011,52410,1024,6105,1675,451
TOTAL LIABILITIES AND EQUITY:34,42734,08733,73532,55022,55515,75815,864

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,19110,67111,14410,5536,8736,4976,394
Revenue, net6,8736,4976,394
Cost of revenue(4,620)(3,952)(3,974)(3,935)(2,656)(2,432)(2,343)
Cost of goods and services sold(4,620)(3,860)(3,819)    
Gross profit:7,5716,7197,1706,6184,2174,0654,051
Operating expenses(5,559)(4,204)(4,161)(4,684)(2,173)(2,007)(2,066)
Other undisclosed operating loss    (1,331)  
Operating income:2,0122,5153,0091,9347132,0581,985
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
8242(8)(120)(110)4(97)
Interest and debt expense(643)(724)(705)(729)(529)(353)(330)
Income from continuing operations before equity method investments, income taxes:1,4511,8332,2961,085741,7091,558
Income (loss) from equity method investments(18)(105)(2)(63)(211)(38)1
Income (loss) from continuing operations before income taxes:1,4331,7282,2941,022(137)1,6711,559
Income tax expense(236)(373)(81)(341)(176)(453)(511)
Net income (loss):1,1971,3552,213681(313)1,2181,048
Net loss attributable to noncontrolling interest(191)(136)(144)(87)(24)(24)(14)
Net income (loss) attributable to parent:1,0061,2192,069594(337)1,1941,034
Preferred stock dividends and other adjustments16 (20)    
Undistributed earnings (loss) allocated to participating securities, basic    41
Other undisclosed net loss available to common stockholders, basic(110)(128)(204)(65) (278)(224)
Net income (loss) available to common stockholders, basic:9121,0911,845529(296)916810
Dilutive securities, effect on basic earnings per share11012820460(41)278224
Net income (loss) available to common stockholders, diluted:1,0221,2192,049589(337)1,1941,034

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,1971,3552,213681(313)1,2181,048
Other comprehensive income (loss)(179)171(7)(174)177(129)(204)
Other undisclosed comprehensive income (loss)    1 (23)
Comprehensive income (loss):1,0181,5262,206507(135)1,089821
Comprehensive loss, net of tax, attributable to noncontrolling interest  (127)(67) (1)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(191)(136)(17)(20)(25)(23)10
Comprehensive income (loss), net of tax, attributable to parent:8271,3902,062420(160)1,065830

Statements sources

The financial statements are based on the company's filings with the 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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