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10-Q Filing

WARNER BROS. DISCOVERY, INC. CIK: 1437107 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001437107-22-000138
Period End Date 20220331
Filing Date 20220426
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance disca-20220331_htm.xml
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.16B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.90B USD Point-in-time
Receivables, net ReceivablesNetCurrent $2.45B USD Point-in-time
Receivables, net ReceivablesNetCurrent $2.43B USD Point-in-time
Content rights and prepaid license fees, net ContentLibraryNetCurrent $245.00M USD Point-in-time
Content rights and prepaid license fees, net ContentLibraryNetCurrent $143.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $442.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $668.00M USD Point-in-time
Total current assets AssetsCurrent $7.17B USD Point-in-time
Total current assets AssetsCurrent $7.26B USD Point-in-time
Noncurrent content rights, net ContentLibraryNetNonCurrent $3.87B USD Point-in-time
Noncurrent content rights, net ContentLibraryNetNonCurrent $3.83B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.34B USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 230.00M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.33B USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 230.00M shares Point-in-time
Goodwill Goodwill $12.87B USD Point-in-time
Goodwill Goodwill $12.91B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $5.87B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $6.32B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $2.77B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $2.69B USD Point-in-time
Total assets Assets $34.43B USD Point-in-time
Total assets Assets $33.80B USD Point-in-time
Accounts payable AccountsPayableCurrent $521.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $412.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.97B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $2.23B USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $478.00M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $281.00M USD Point-in-time
Current portion of debt LongTermDebtAndCapitalLeaseObligationsCurrent $794.00M USD Point-in-time
Current portion of debt LongTermDebtAndCapitalLeaseObligationsCurrent $339.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.46B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.56B USD Point-in-time
Noncurrent portion of debt LongTermDebtAndCapitalLeaseObligations $14.42B USD Point-in-time
Noncurrent portion of debt LongTermDebtAndCapitalLeaseObligations $13.61B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.23B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.11B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.93B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.96B USD Point-in-time
Total liabilities Liabilities $21.03B USD Point-in-time
Total liabilities Liabilities $20.24B USD Point-in-time
Commitments and contingencies (See Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (See Note 16) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCommonCarryingAmount $363.00M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCommonCarryingAmount $335.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $11.12B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $11.09B USD Point-in-time
Treasury stock, at cost: 230 shares TreasuryStockValue $8.24B USD Point-in-time
Treasury stock, at cost: 230 shares TreasuryStockValue $8.24B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.03B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $9.58B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-947.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-830.00M USD Point-in-time
Total Warner Bros. Discovery, Inc. stockholders' equity StockholdersEquity $11.97B USD Point-in-time
Total Warner Bros. Discovery, Inc. stockholders' equity StockholdersEquity $11.60B USD Point-in-time
Noncontrolling interests MinorityInterest $1.26B USD Point-in-time
Noncontrolling interests MinorityInterest $1.43B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.03B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.00B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.23B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.22B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $33.80B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $34.43B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $3.16B USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $2.79B USD 1 Quarter
Costs of revenues, excluding depreciation and amortization CostOfRevenue $969.00M USD 1 Quarter
Costs of revenues, excluding depreciation and amortization CostOfRevenue $1.24B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.04B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.05B USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $361.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $525.00M USD 1 Quarter
Restructuring and other charges RestructuringCharges $15.00M USD 1 Quarter
Restructuring and other charges RestructuringCharges $5.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $2.40B USD 1 Quarter
Total costs and expenses CostsAndExpenses $2.81B USD 1 Quarter
Operating income OperatingIncomeLoss $396.00M USD 1 Quarter
Operating income OperatingIncomeLoss $353.00M USD 1 Quarter
Interest expense, net InterestExpense $153.00M USD 1 Quarter
Interest expense, net InterestExpense $163.00M USD 1 Quarter
Loss from equity investees, net IncomeLossFromEquityMethodInvestments $-14.00M USD 1 Quarter
Loss from equity investees, net IncomeLossFromEquityMethodInvestments $-4.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $68.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $490.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $297.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $676.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $201.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $106.00M USD 1 Quarter
Net income ProfitLoss $191.00M USD 1 Quarter
Net income ProfitLoss $475.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $46.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $16.00M USD 1 Quarter
Net income attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $5.00M USD 1 Quarter
Net income attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $3.00M USD 1 Quarter
Net income available to Warner Bros. Discovery, Inc. NetIncomeLoss $456.00M USD 1 Quarter
Net income available to Warner Bros. Discovery, Inc. NetIncomeLoss $140.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.69 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.21 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.69 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.21 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 591.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 585.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 665.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 667.00M shares 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $191.00M USD 1 Quarter
Net income ProfitLoss $475.00M USD 1 Quarter
Content rights amortization and impairment ContentAmortizationAndWriteoffs $973.00M USD 1 Quarter
Content rights amortization and impairment ContentAmortizationAndWriteoffs $743.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $525.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $361.00M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $118.00M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $108.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $60.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $64.00M USD 1 Quarter
Equity in losses of equity method investee companies and cash distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-21.00M USD 1 Quarter
Equity in losses of equity method investee companies and cash distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-12.00M USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments - USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $21.00M USD 1 Quarter
Gain from derivative instruments, net DerivativeGainLossOnDerivativeNet $332.00M USD Annual
Gain from derivative instruments, net DerivativeGainLossOnDerivativeNet $1.00M USD 1 Quarter
Gain from derivative instruments, net DerivativeGainLossOnDerivativeNet $514.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $3.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-33.00M USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsAndNotesReceivable $-41.00M USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsAndNotesReceivable $5.00M USD 1 Quarter
Content rights and payables, net IncreaseDecreaseInContentRightsAndPayables $-926.00M USD 1 Quarter
Content rights and payables, net IncreaseDecreaseInContentRightsAndPayables $-993.00M USD 1 Quarter
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-110.00M USD 1 Quarter
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-124.00M USD 1 Quarter
Foreign currency, prepaid expenses and other assets, net IncreaseDecreaseInOtherOperatingCapitalNet $-26.00M USD 1 Quarter
Foreign currency, prepaid expenses and other assets, net IncreaseDecreaseInOtherOperatingCapitalNet $10.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $269.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $323.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $85.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $90.00M USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromDivestitureOfInterestInJointVenture - USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromDivestitureOfInterestInJointVenture $274.00M USD 1 Quarter
Investments in and advances to equity investments PaymentsForProceedsFromInvestments $42.00M USD 1 Quarter
Investments in and advances to equity investments PaymentsForProceedsFromInvestments $55.00M USD 1 Quarter
Proceeds from derivative instruments, net PaymentsForProceedsFromHedgeInvestingActivities $-29.00M USD 1 Quarter
Proceeds from derivative instruments, net PaymentsForProceedsFromHedgeInvestingActivities $-639.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-17.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $2.00M USD 1 Quarter
Cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $529.00M USD 1 Quarter
Cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $156.00M USD 1 Quarter
Principal repayments of debt, including premiums to par value RepaymentsOfSeniorDebt $327.00M USD 1 Quarter
Principal repayments of debt, including premiums to par value RepaymentsOfSeniorDebt $339.00M USD 1 Quarter
Distributions to noncontrolling interests and redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $183.00M USD 1 Quarter
Distributions to noncontrolling interests and redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $224.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-36.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $53.00M USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-587.00M USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-469.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-70.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-5.00M USD 1 Quarter
Net change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-114.00M USD 1 Quarter
Net change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $260.00M USD 1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.90B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.17B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.01B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.12B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.90B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.17B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.01B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.12B USD Point-in-time
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.03B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.00B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.23B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.22B USD Point-in-time
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $472.00M USD 1 Quarter
Net income available to Warner Bros. Discovery, Inc. and attributable to noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $186.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-117.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $70.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $53.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $32.00M USD 1 Quarter
Tax settlements associated with share-based plans TaxSettlementsAssociatedWithEquityBasedPlans $68.00M USD 1 Quarter
Tax settlements associated with share-based plans TaxSettlementsAssociatedWithEquityBasedPlans $38.00M USD 1 Quarter
Dividends paid to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $192.00M USD 1 Quarter
Dividends paid to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $178.00M USD 1 Quarter
Issuance of stock in connection with share-based plans StockIssuedDuringPeriodValueStockOptionsExercised $19.00M USD 1 Quarter
Issuance of stock in connection with share-based plans StockIssuedDuringPeriodValueStockOptionsExercised $186.00M USD 1 Quarter
Redeemable noncontrolling interest adjustment to redemptions value TemporaryEquityAdjustmentToRedemptionValue $9.00M USD 1 Quarter
Redeemable noncontrolling interest adjustment to redemptions value TemporaryEquityAdjustmentToRedemptionValue $3.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.03B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.00B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.23B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.22B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $191.00M USD 1 Quarter
Net income ProfitLoss $475.00M USD 1 Quarter
Currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-99.00M USD 1 Quarter
Currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-167.00M USD 1 Quarter
Derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-18.00M USD 1 Quarter
Derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $237.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $261.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $358.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest $16.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest $46.00M USD 1 Quarter
Comprehensive income attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $5.00M USD 1 Quarter
Comprehensive income attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to Warner Bros. Discovery, Inc. ComprehensiveIncomeNetOfTax $210.00M USD 1 Quarter
Comprehensive income attributable to Warner Bros. Discovery, Inc. ComprehensiveIncomeNetOfTax $339.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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