Discovery, Inc. (DISCA) financial statements (2020 and earlier)

Company profile

Business Address 1 DISCOVERY PLACE
SILVER SPRING, MD 20910
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8139867,309460539367408
Cash and cash equivalents8139867,309300390367408
Short-term investments   160149  
Receivables2,6952,6201,8381,4951,4791,4331,371
Prepaid expense and other current assets281
Deferred tax assets  9768  
Other undisclosed current assets805625844547510691350
Total current assets:4,3134,2319,9912,5992,5962,4912,410
Noncurrent Assets
Property, plant and equipment856800597482488554514
Long-term investments and receivables5299353355575676441,087
Long-term investments5299353355575676441,087
Intangible assets, net (including goodwill)21,85722,6808,8439,5529,89410,2078,906
Goodwill12,97713,0067,0738,0408,1648,2367,341
Intangible assets, net (excluding goodwill)8,8809,6741,7701,5121,7301,9711,565
Other noncurrent assets2,175835576479289145 
Prepaid expense and other noncurrent assets179
Other undisclosed noncurrent assets3,0953,0692,2132,0892,0301,9731,883
Total noncurrent assets:28,51228,31912,56413,15913,26813,52312,569
TOTAL ASSETS:32,82532,55022,55515,75815,86416,01414,979
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8421,8881,5861,3161,2701,8801,577
Accounts payable380325277241282225141
Accrued liabilities1,4621,5631,3091,0759881,094992
Employee-related liabilities     441373
Taxes payable     12071
Debt6111,860301302121,33617
Deferred compensation liability     3285
Contract with customer, liability384249
Other undisclosed current liabilities  25511597(644)(385)
Total current liabilities:2,8373,9971,8711,5611,5792,6041,294
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,75715,18514,7557,8417,6166,0466,482
Long-term debt, excluding current maturities14,757      
Other undisclosed long-term debt and lease obligation 15,18514,7557,8417,6166,0466,482
Liabilities, other than long-term debt2,1991,0409069469771,013970
Contract with customer, liability171 
Deferred tax liabilities, net 319553556588637
Other liabilities2,0281,040587393421425333
Other undisclosed noncurrent liabilities1,4531,811     
Total noncurrent liabilities:18,40918,03615,6618,7878,5937,0597,452
Total liabilities:21,24622,03317,53210,34810,1729,6638,746
Temporary equity, carrying amount44641541324324174736
Stockholders' equity
Stockholders' equity attributable to parent, including:9,5188,3864,6055,1605,4515,6026,196
Treasury stock, value(7,037)(6,737)(6,737)(6,356)(5,461)(4,763)(3,531)
Additional paid in capital10,71810,6477,2957,0467,0216,9176,826
Accumulated other comprehensive income (loss)(1,029)(785)(585)(762)(633)(368)4
Retained earnings6,8595,2544,6325,2324,5173,8092,892
Other undisclosed stockholders' equity attributable to parent77  775
Stockholders' equity attributable to noncontrolling interest1,6151,716   21
Other undisclosed stockholders' equity  57   
Total stockholders' equity:11,13310,1024,6105,1675,4515,6046,197
TOTAL LIABILITIES AND EQUITY:32,82532,55022,55515,75815,86416,01414,979

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,07910,5536,8736,4976,3946,2655,535
Revenue, net6,8736,4976,3946,2655,535
Cost of revenue(3,728)(3,935)(2,656)(2,432)(2,343)(2,124)(1,689)
Gross profit:7,3516,6184,2174,0654,0514,1413,846
Operating expenses(4,181)(4,684)(2,173)(2,007)(2,066)(2,080)(1,848)
Other undisclosed operating loss(155) (1,331)    
Operating income:3,0151,9347132,0581,9852,0611,998
Nonoperating income (expense)(55)(120)(110)4(97)145
Investment income, nonoperating     3219
Foreign currency transaction loss, before tax     (22) 
Other nonoperating income (expense)(55)(120)(110)4(97)(9)26
Interest and debt expense(705)(729)(529)(353)(330)(328)(306)
Income from continuing operations before equity method investments, income taxes:2,2551,085741,7091,5581,7341,737
Income (loss) from equity method investments(30)(63)(211)(38)12318
Other undisclosed loss from continuing operations before income taxes     (10)(19)
Income (loss) from continuing operations before income taxes:2,2251,022(137)1,6711,5591,7471,736
Income tax expense(224)(341)(176)(453)(511)(610)(659)
Net income (loss):2,001681(313)1,2181,0481,1371,077
Net income (loss) attributable to noncontrolling interest(139)(87)(24)(24)(14)2(1)
Other undisclosed net loss attributable to parent      (1)
Net income (loss) attributable to parent:1,862594(337)1,1941,0341,1391,075
Preferred stock dividends and other adjustments(12)      
Undistributed earnings (loss) allocated to participating securities, basic  41
Other undisclosed net loss available to common stockholders, basic(186)(65) (278)(224) (2)
Net income (loss) available to common stockholders, basic:1,664529(296)9168101,1391,073
Dilutive securities, effect on basic earnings per share 60(41)278224  
Other undisclosed net income available to common stockholders, diluted60      
Net income (loss) available to common stockholders, diluted:1,724589(337)1,1941,0341,1391,073

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2,001681(313)1,2181,0481,1371,077
Other comprehensive income (loss)(235)(174)177(129)(204)(372)(3)
Other undisclosed comprehensive income (loss)  1 (23)(40) 
Comprehensive income (loss):1,766507(135)1,0898217251,074
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(120)(67) (1)(1)21
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20)(20)(25)(23)1040 
Comprehensive income (loss), net of tax, attributable to parent:1,626420(160)1,0658307671,075

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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