Discovery, Inc(NASDAQ:DISCA) 
Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, HGTV, Food N...
Website: http://corporate.discovery.com
Founded: 1985
Full Time Employees: 9,800 (May 2021)
Sector: Communication Services
Industry: Entertainment
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2017-12-31 | 2017-03-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-03-31 | 2012-03-31 | 2011-09-30 | 2010-12-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2008-12-31 | 2008-09-30 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||
distribution | 4,906,000,000 | 4,702,000,000 | 4,886,000,000 | 4,917,000,000 | 4,920,000,000 | 4,985,000,000 | 4,913,000,000 | 5,026,000,000 | 5,163,000,000 | 4,962,000,000 | 4,990,000,000 | 4,838,000,000 | 1,422,000,000 | 1,352,000,000 | 1,379,000,000 | 1,368,000,000 | 1,310,000,000 | 1,199,000,000 | 1,225,000,000 | 1,223,000,000 | 1,201,000,000 | 1,206,000,000 | 1,224,000,000 | 855,000,000 | 801,000,000 | 759,000,000 | 776,000,000 | 775,000,000 | 758,000,000 | 692,000,000 | 657,000,000 | 651,000,000 | 583,000,000 | 576,000,000 | 580,000,000 | 449,000,000 | 445,000,000 | 426,000,000 | 426,000,000 | 401,000,000 | 419,000,000 | |||
advertising | 1,847,000,000 | 1,407,000,000 | 1,980,000,000 | 1,830,000,000 | 1,682,000,000 | 2,148,000,000 | 2,087,000,000 | 1,796,000,000 | 2,298,000,000 | 2,285,000,000 | 2,042,000,000 | 2,721,000,000 | 1,482,000,000 | 1,705,000,000 | 1,458,000,000 | 1,637,000,000 | 1,415,000,000 | 1,306,000,000 | 1,273,000,000 | 1,402,000,000 | 1,413,000,000 | 1,619,000,000 | 1,415,000,000 | 687,000,000 | 687,000,000 | 804,000,000 | 699,000,000 | 814,000,000 | 687,000,000 | 844,000,000 | 689,000,000 | 665,000,000 | 508,000,000 | 453,000,000 | 442,000,000 | 435,000,000 | 348,000,000 | 341,000,000 | 368,000,000 | 382,000,000 | 332,000,000 | |||
content | 1,887,000,000 | 2,649,000,000 | 1,866,000,000 | 2,909,000,000 | 2,721,000,000 | 2,558,000,000 | 2,963,000,000 | 2,840,000,000 | 2,954,000,000 | 3,442,000,000 | 2,531,000,000 | 2,064,000,000 | ||||||||||||||||||||||||||||||||
other | 253,000,000 | 287,000,000 | 247,000,000 | 371,000,000 | 300,000,000 | 267,000,000 | 321,000,000 | 317,000,000 | 285,000,000 | 319,000,000 | 260,000,000 | 204,000,000 | 255,000,000 | 130,000,000 | 313,000,000 | 57,000,000 | 67,000,000 | 56,000,000 | 43,000,000 | 58,000,000 | 64,000,000 | 60,000,000 | 68,000,000 | 71,000,000 | 73,000,000 | 83,000,000 | 82,000,000 | 65,000,000 | 92,000,000 | 74,000,000 | 65,000,000 | 59,000,000 | 65,000,000 | 74,000,000 | 73,000,000 | 79,000,000 | 86,000,000 | 87,000,000 | 87,000,000 | 121,000,000 | 94,000,000 | |||
total revenues | 8,893,000,000 | 9,045,000,000 | 8,979,000,000 | 10,027,000,000 | 9,623,000,000 | 9,958,000,000 | 10,284,000,000 | 9,979,000,000 | 10,700,000,000 | 11,008,000,000 | 9,823,000,000 | 9,827,000,000 | 3,159,000,000 | 3,187,000,000 | 3,150,000,000 | 3,062,000,000 | 2,792,000,000 | 2,561,000,000 | 2,541,000,000 | 2,683,000,000 | 2,678,000,000 | 2,885,000,000 | 2,707,000,000 | 1,613,000,000 | 1,561,000,000 | 1,646,000,000 | 1,557,000,000 | 1,654,000,000 | 1,537,000,000 | 1,610,000,000 | 1,411,000,000 | 1,375,000,000 | 1,156,000,000 | 1,103,000,000 | 1,095,000,000 | 963,000,000 | 879,000,000 | 854,000,000 | 881,000,000 | 904,000,000 | 845,000,000 | |||
yoy | -7.59% | -9.17% | -12.69% | 0.48% | -10.07% | -9.54% | 4.69% | 1.55% | 238.71% | 245.40% | 211.84% | 220.93% | 13.14% | 24.44% | 23.97% | 14.13% | 4.26% | -11.23% | -6.13% | 66.03% | 73.41% | 3.60% | 1.56% | 2.24% | 10.35% | 20.29% | 32.96% | 45.97% | 28.86% | 20.04% | 25.48% | 28.22% | 6.53% | 4.02% | ||||||||||
qoq | -1.68% | 0.74% | -10.45% | 4.20% | -3.36% | -3.17% | 3.06% | -6.74% | -2.80% | 12.06% | -0.04% | 211.08% | -0.88% | 1.17% | 2.87% | 9.67% | 9.02% | 0.79% | -5.29% | 0.19% | -7.18% | 6.58% | -5.16% | 5.72% | -5.86% | 7.61% | -4.53% | 14.10% | 2.62% | 18.94% | 4.81% | 0.73% | 9.56% | 2.93% | -3.06% | -2.54% | 6.98% | |||||||
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||
costs of revenues, excluding depreciation and amortization | 4,643,000,000 | 4,564,000,000 | 5,131,000,000 | 5,527,000,000 | 5,181,000,000 | 6,058,000,000 | 5,896,000,000 | 5,309,000,000 | 6,685,000,000 | 6,954,000,000 | 5,627,000,000 | 6,625,000,000 | 1,236,000,000 | 1,067,000,000 | 1,529,000,000 | 1,055,000,000 | 969,000,000 | 1,003,000,000 | 810,000,000 | 918,000,000 | 914,000,000 | 938,000,000 | 930,000,000 | 607,000,000 | 592,000,000 | 640,000,000 | 574,000,000 | 564,000,000 | 565,000,000 | 515,000,000 | 482,000,000 | 435,000,000 | 342,000,000 | 311,000,000 | 342,000,000 | |||||||||
selling, general and administrative | 2,475,000,000 | 2,361,000,000 | 2,194,000,000 | 2,218,000,000 | 2,385,000,000 | 2,232,000,000 | 2,455,000,000 | 2,291,000,000 | 2,388,000,000 | 2,511,000,000 | 2,589,000,000 | 3,538,000,000 | 1,040,000,000 | 1,069,000,000 | 944,000,000 | 952,000,000 | 1,051,000,000 | 633,000,000 | 635,000,000 | 645,000,000 | 660,000,000 | 709,000,000 | 626,000,000 | 415,000,000 | 408,000,000 | 445,000,000 | 394,000,000 | 430,000,000 | 400,000,000 | 406,000,000 | 409,000,000 | 379,000,000 | 367,000,000 | 315,000,000 | 295,000,000 | 304,000,000 | 290,000,000 | 338,000,000 | 310,000,000 | 270,000,000 | 224,000,000 | |||
netflix termination fee | 2,800,000,000 | |||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 1,226,000,000 | 1,375,000,000 | 1,547,000,000 | 1,643,000,000 | 1,762,000,000 | 1,888,000,000 | 2,024,000,000 | 1,989,000,000 | 2,058,000,000 | 2,169,000,000 | 2,233,000,000 | 2,266,000,000 | 525,000,000 | 539,000,000 | 341,000,000 | 341,000,000 | 361,000,000 | 341,000,000 | 334,000,000 | 326,000,000 | 322,000,000 | 320,000,000 | 372,000,000 | 80,000,000 | 79,000,000 | 87,000,000 | 80,000,000 | 82,000,000 | 81,000,000 | 75,000,000 | 83,000,000 | 80,000,000 | 32,000,000 | 30,000,000 | 30,000,000 | 33,000,000 | 34,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | 50,000,000 | |||
restructuring and other charges | 204,000,000 | 88,000,000 | 54,000,000 | 286,000,000 | 9,000,000 | 35,000,000 | 75,000,000 | 269,000,000 | 639,750,000 | 1,521,000,000 | 1,033,000,000 | 5,000,000 | 3,000,000 | 7,000,000 | 7,000,000 | 15,000,000 | 53,000,000 | 7,000,000 | 15,000,000 | 8,000,000 | 7,000,000 | 5,000,000 | 24,000,000 | 6,000,000 | 13,000,000 | 4,000,000 | 24,000,000 | 9,000,000 | ||||||||||||||||
impairments and loss on dispositions | 14,000,000 | 46,000,000 | 90,000,000 | 191,000,000 | 5,000,000 | 16,000,000 | 24,000,000 | 31,000,000 | ||||||||||||||||||||||||||||||||||||
total costs and expenses | 11,362,000,000 | 8,434,000,000 | 9,016,000,000 | 9,865,000,000 | 9,342,000,000 | 10,225,000,000 | 10,466,000,000 | 9,882,000,000 | 11,257,000,000 | 12,902,000,000 | 12,013,000,000 | 13,466,000,000 | 2,806,000,000 | 2,679,000,000 | 2,821,000,000 | 2,283,000,000 | 2,396,000,000 | 2,030,000,000 | 1,824,000,000 | 1,904,000,000 | 2,059,000,000 | 1,974,000,000 | 1,933,000,000 | 1,126,000,000 | 1,072,000,000 | 1,205,000,000 | 1,052,000,000 | 1,097,000,000 | 1,055,000,000 | 970,000,000 | 977,000,000 | 876,000,000 | 742,000,000 | 657,000,000 | 669,000,000 | |||||||||
operating income | -2,469,000,000 | 611,000,000 | -37,000,000 | 162,000,000 | 281,000,000 | -267,000,000 | -182,000,000 | 97,000,000 | -557,000,000 | -1,894,000,000 | -2,190,000,000 | -3,639,000,000 | 353,000,000 | 508,000,000 | 329,000,000 | 779,000,000 | 396,000,000 | 531,000,000 | 717,000,000 | 779,000,000 | 619,000,000 | 911,000,000 | 774,000,000 | 487,000,000 | 489,000,000 | 441,000,000 | 505,000,000 | 557,000,000 | 482,000,000 | 640,000,000 | 434,000,000 | 499,000,000 | 414,000,000 | 446,000,000 | 426,000,000 | 372,000,000 | 283,000,000 | 215,000,000 | 486,000,000 | 284,000,000 | 296,000,000 | |||
yoy | -978.65% | -328.84% | -79.67% | 67.01% | -150.45% | -85.90% | -91.69% | -102.67% | -257.79% | -472.83% | -765.65% | -567.14% | -10.86% | -4.33% | -54.11% | 0.00% | -36.03% | -41.71% | -7.36% | 27.10% | 58.28% | -3.56% | 1.45% | -31.09% | 16.36% | 11.62% | 16.43% | 43.50% | 1.88% | 11.29% | 57.60% | 98.14% | 30.99% | -4.39% | ||||||||||
qoq | -504.09% | -1751.35% | -122.84% | -42.35% | -205.24% | 46.70% | -287.63% | -117.41% | -70.59% | -13.52% | -39.82% | -1130.88% | -30.51% | 54.41% | -57.77% | 96.72% | -25.42% | -25.94% | -7.96% | 25.85% | -32.05% | 17.70% | 10.88% | -12.67% | -9.34% | 15.56% | -24.69% | 47.47% | -13.03% | 20.53% | -7.17% | 4.69% | 31.45% | 31.63% | -55.76% | 71.13% | -4.05% | |||||||
operating margin % | -27.76% | 6.76% | -0.41% | 1.62% | 2.92% | -2.68% | -1.77% | 0.97% | -5.21% | -17.21% | -22.29% | -37.03% | 11.17% | 15.94% | 10.44% | 25.44% | 14.18% | 20.73% | 28.22% | 29.03% | 23.11% | 31.58% | 28.59% | NaN% | 30.19% | NaN% | 31.33% | 26.79% | 32.43% | 33.68% | 31.36% | 39.75% | 30.76% | 36.29% | 35.81% | 40.44% | 38.90% | NaN% | 38.63% | 32.20% | 25.18% | 55.16% | 31.42% | 35.03% |
interest expense | -581,000,000 | -570,000,000 | -468,000,000 | -490,000,000 | -494,000,000 | -515,000,000 | -502,000,000 | -574,000,000 | -571,000,000 | -558,000,000 | -555,000,000 | -511,000,000 | -153,000,000 | -154,000,000 | -159,000,000 | -157,000,000 | -163,000,000 | -161,000,000 | -161,000,000 | -163,000,000 | -163,000,000 | -161,000,000 | -182,000,000 | -91,000,000 | -85,000,000 | -82,000,000 | -82,000,000 | -77,000,000 | -89,000,000 | -83,000,000 | -81,000,000 | -80,000,000 | -68,000,000 | -55,000,000 | -56,000,000 | -48,000,000 | -58,000,000 | -66,000,000 | -60,000,000 | -60,000,000 | -61,000,000 | |||
loss on extinguishment of debt | -27,000,000 | -6,000,000 | -1,000,000 | -5,000,000 | -71,000,000 | -23,000,000 | -5,000,000 | -54,000,000 | -136,000,000 | |||||||||||||||||||||||||||||||||||
loss from equity investees | -5,000,000 | -7,000,000 | -32,000,000 | -18,000,000 | -48,000,000 | -9,000,000 | -14,000,000 | -37,000,000 | -25,000,000 | -78,000,000 | -43,000,000 | -14,000,000 | 2,000,000 | -9,000,000 | -7,000,000 | -4,000,000 | -18,000,000 | -23,000,000 | -20,000,000 | -53,000,000 | ||||||||||||||||||||||||
other income | -38,000,000 | -30,000,000 | 82,000,000 | -38,000,000 | 30,000,000 | 11,000,000 | 97,000,000 | -63,000,000 | -73,000,000 | -64,000,000 | -28,000,000 | -51,000,000 | 490,000,000 | -173,000,000 | 78,000,000 | 106,000,000 | 68,000,000 | -6,000,000 | 9,000,000 | -19,000,000 | -59,000,000 | 27,000,000 | -17,000,000 | 33,000,000 | -37,000,000 | |||||||||||||||||||
income before income taxes | -3,120,000,000 | 27,000,000 | -434,000,000 | -356,000,000 | -178,000,000 | -819,000,000 | -613,000,000 | -532,000,000 | -1,238,000,000 | -2,541,000,000 | -2,851,000,000 | -4,244,000,000 | 676,000,000 | 183,000,000 | 233,000,000 | 720,000,000 | 297,000,000 | 319,000,000 | 456,000,000 | 537,000,000 | 444,000,000 | 716,000,000 | 571,000,000 | 276,000,000 | 380,000,000 | 343,000,000 | 413,000,000 | 341,000,000 | 365,000,000 | 151,000,000 | 220,000,000 | 446,000,000 | ||||||||||||
income tax benefit | 214,000,000 | -170,000,000 | -284,000,000 | 319,000,000 | -136,000,000 | 221,000,000 | 125,000,000 | 178,000,000 | 462,000,000 | 566,000,000 | 836,000,000 | -36,000,000 | -36,000,000 | 11,000,000 | -156,000,000 | 271,000,000 | -153,000,000 | |||||||||||||||||||||||||||
net income | -2,906,000,000 | -143,000,000 | -449,000,000 | -640,000,000 | 141,000,000 | -955,000,000 | -392,000,000 | -407,000,000 | -1,060,000,000 | -2,079,000,000 | -2,285,000,000 | -3,408,000,000 | 475,000,000 | 91,000,000 | 197,000,000 | 718,000,000 | 191,000,000 | 330,000,000 | 300,000,000 | 407,000,000 | 297,000,000 | 987,000,000 | 418,000,000 | 221,000,000 | 269,000,000 | 226,000,000 | 283,000,000 | 289,000,000 | 250,000,000 | 384,000,000 | 231,000,000 | 256,000,000 | 231,000,000 | 222,000,000 | 237,000,000 | 110,000,000 | 173,000,000 | 101,000,000 | 179,000,000 | 106,000,000 | 134,000,000 | |||
yoy | -2160.99% | -85.03% | 14.54% | 57.25% | -113.30% | -54.06% | -82.84% | -88.06% | -323.16% | -2384.62% | -1259.90% | -574.65% | 148.69% | -72.42% | -34.33% | 76.41% | -35.69% | -66.57% | -28.23% | 34.39% | 55.39% | -21.91% | 7.60% | -41.15% | 22.51% | 12.89% | 8.23% | 72.97% | -2.53% | 110.00% | 28.32% | 134.65% | 3.77% | 29.10% | ||||||||||
qoq | 1932.17% | -68.15% | -29.84% | -553.90% | -114.76% | 143.62% | -3.69% | -61.60% | -49.01% | -9.02% | -32.95% | -817.47% | 421.98% | -53.81% | -72.56% | 275.92% | -42.12% | 10.00% | -26.29% | 37.04% | -69.91% | 136.12% | 19.03% | -20.14% | -2.08% | 15.60% | -34.90% | 66.23% | -9.77% | 10.82% | 4.05% | -6.33% | -36.42% | 71.29% | -43.58% | 68.87% | -20.90% | |||||||
net income margin % | -32.68% | -1.58% | -5.00% | -6.38% | 1.47% | -9.59% | -3.81% | -4.08% | -9.91% | -18.89% | -23.26% | -34.68% | 15.04% | 2.86% | 6.25% | 23.45% | 6.84% | 12.89% | 11.81% | 15.17% | 11.09% | 34.21% | 15.44% | NaN% | 13.70% | NaN% | 17.23% | 13.73% | 18.18% | 17.47% | 16.27% | 23.85% | 16.37% | 18.62% | 19.98% | 20.13% | 21.64% | NaN% | 11.42% | 19.68% | 11.83% | 20.32% | 11.73% | 15.86% |
net income attributable to noncontrolling interests | -10,000,000 | -4,000,000 | -8,000,000 | -5,000,000 | -3,000,000 | -7,000,000 | -6,000,000 | -8,000,000 | -8,000,000 | -24,000,000 | -21,000,000 | -7,000,000 | -16,000,000 | -22,000,000 | -32,000,000 | -38,000,000 | -46,000,000 | -29,000,000 | -25,000,000 | -28,000,000 | -29,000,000 | -36,000,000 | -29,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||
net loss attributable to redeemable noncontrolling interests | -1,000,000 | 4,000,000 | -3,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||
net loss available to warner bros. discovery, inc. | -2,916,000,000 | -453,000,000 | -966,000,000 | -681,500,000 | -417,000,000 | |||||||||||||||||||||||||||||||||||||||
net income per share | 0.22 | 0.148 | 0.31 | |||||||||||||||||||||||||||||||||||||||||
basic | -1.17 | -0.06 | -0.18 | -0.2 | 0.06 | -0.4 | -0.16 | -0.17 | -0.44 | -0.82 | -0.95 | -1.5 | 0.69 | 0.08 | 0.24 | 1.02 | 0.21 | 0.44 | 0.4 | 0.55 | 0.35 | 1.33 | 0.53 | 0.37 | 0.42 | 0.34 | 0.43 | 0.44 | 0.38 | 1.1 | 0.66 | 0.57 | 0.6 | 0.25 | 0.4 | 0.43 | ||||||||
diluted | -1.17 | -0.06 | -0.18 | -0.2 | 0.05 | -0.4 | -0.16 | -0.17 | -0.44 | -0.82 | -0.95 | -1.5 | 0.69 | 0.08 | 0.24 | 1.01 | 0.21 | 0.44 | 0.4 | 0.55 | 0.35 | 1.33 | 0.53 | 0.37 | 0.42 | 0.34 | 0.43 | 0.44 | 0.37 | 1.09 | 0.66 | 0.57 | 0.59 | 0.25 | 0.39 | 0.43 | ||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 2,492 | 2,479 | 2,462 | 2,450 | 2,453 | 2,443 | 2,436 | 2,438 | 2,432 | 1,940 | 2,428 | 2,286 | 591 | 503 | 506 | 506 | 495 | 505 | 508 | 517 | 535 | 528 | 524 | 384 | 389 | 401 | 413 | 432 | 432 | 432 | 439 | 343 | 348 | 356 | 363 | 386 | 398 | 425 | 426 | 425 | 424 | 422 | 321 | |
diluted | 2,492 | 2,479 | 2,462 | 2,450 | 2,470 | 2,443 | 2,436 | 2,438 | 2,432 | 1,940 | 2,428 | 2,286 | 665 | 664 | 663 | 664 | 667 | 672 | 674 | 685 | 713 | 716 | 714 | 576 | 588 | 610 | 630 | 656 | 653 | 655 | 667 | 346 | 352 | 359 | 367 | 390 | 401 | 429 | 431 | 429 | 427 | 424 | 322 | |
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -1,000,000 | -4,000,000 | 42,000,000 | 23,000,000 | 4,250,000 | 22,000,000 | ||||||||||||||||||||||||||||||||||||||
income from equity investees | 17,000,000 | -21,000,000 | -11,000,000 | 11,000,000 | -8,000,000 | 3,000,000 | -10,000,000 | 7,000,000 | 1,000,000 | 8,000,000 | 13,000,000 | |||||||||||||||||||||||||||||||||
net income available to warner bros. discovery, inc. | -148,000,000 | -2,704,250,000 | 135,000,000 | -1,069,000,000 | -2,101,000,000 | -2,308,000,000 | -3,418,000,000 | 456,000,000 | ||||||||||||||||||||||||||||||||||||
income tax expense | -15,000,000 | -201,000,000 | -2,000,000 | -106,000,000 | -130,000,000 | -147,000,000 | -55,000,000 | -111,000,000 | ||||||||||||||||||||||||||||||||||||
impairment and loss on dispositions | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to redeemable noncontrolling interests | -4,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | 2,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -31,000,000 | -9,000,000 | -8,000,000 | -5,000,000 | -1,000,000 | -4,000,000 | -2,000,000 | -6,000,000 | -4,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | -1,750,000 | -4,000,000 | -3,000,000 | -3,000,000 | -1,000,000 | |||||||||||||||||||
restructuring | 95,000,000 | |||||||||||||||||||||||||||||||||||||||||||
asset impairment and loss on disposition and disposal groups | 11,750,000 | 43,000,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on disposition | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and other intangible assets | 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on disposition | 1,000,000 | -72,000,000 | -13,000,000 | -750,000 | -3,000,000 | -31,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||||||
net income available to discovery, inc. | 38,000,000 | 156,000,000 | 672,000,000 | 140,000,000 | 300,000,000 | 271,000,000 | 377,000,000 | 262,000,000 | 947,000,000 | 384,000,000 | ||||||||||||||||||||||||||||||||||
other expense | -28,000,000 | -58,000,000 | -1,000,000 | -27,000,000 | -13,000,000 | -16,000,000 | -19,000,000 | -50,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||
impairment of goodwill | 155,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net income available to discovery communications, inc. | 215,000,000 | 263,000,000 | 219,000,000 | 279,000,000 | 286,000,000 | 250,000,000 | 379,000,000 | 230,000,000 | ||||||||||||||||||||||||||||||||||||
provision for income taxes | -98,500,000 | -130,000,000 | -139,000,000 | -125,000,000 | -208,000,000 | -118,000,000 | -163,000,000 | -146,000,000 | -119,000,000 | -127,000,000 | -41,000,000 | -47,000,000 | -54,000,000 | -267,000,000 | -67,000,000 | -93,000,000 | ||||||||||||||||||||||||||||
income from continuing operations before income taxes | 428,000,000 | 375,000,000 | 592,000,000 | 349,000,000 | 419,000,000 | 377,000,000 | 155,000,000 | |||||||||||||||||||||||||||||||||||||
restructuring charges | 5,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||
losses from equity investees | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, net of taxes | 256,000,000 | 231,000,000 | 238,000,000 | 101,000,000 | ||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of taxes | ||||||||||||||||||||||||||||||||||||||||||||
net income available to discovery communications, inc. stockholders | 255,000,000 | 231,000,000 | 221,000,000 | 237,000,000 | 106,000,000 | 95,000,000 | 183,000,000 | |||||||||||||||||||||||||||||||||||||
basic earnings per share available to discovery communications, inc. stockholders: | ||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 0.72 | 0.64 | ||||||||||||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share available to discovery communications, inc. stockholders: | ||||||||||||||||||||||||||||||||||||||||||||
cost and expenses: | ||||||||||||||||||||||||||||||||||||||||||||
restructuring and impairment charges | 2,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of taxes | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to discovery communications, inc. | 237,000,000 | 107,000,000 | 169,000,000 | 101,000,000 | 185,000,000 | |||||||||||||||||||||||||||||||||||||||
stock dividends to preferred interests | -1,000,000 | -6,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||
income per share from continuing operations available to discovery communications, inc. stockholders: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.6 | |||||||||||||||||||||||||||||||||||||||||||
diluted | 0.59 | |||||||||||||||||||||||||||||||||||||||||||
income per share from discontinued operations available to discovery communications, inc. stockholders: | ||||||||||||||||||||||||||||||||||||||||||||
costs of revenues, excluding depreciation and amortization listed below | 254,000,000 | 269,000,000 | 257,000,000 | 257,000,000 | ||||||||||||||||||||||||||||||||||||||||
gains on dispositions | ||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to noncontrolling interests | -3,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other non-operating income | -5,000,000 | 6,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||
gain on business disposition | -252,000,000 | |||||||||||||||||||||||||||||||||||||||||||
less net loss attributable to non-controlling interests | ||||||||||||||||||||||||||||||||||||||||||||
amounts available to discovery communications, inc. stockholders: | ||||||||||||||||||||||||||||||||||||||||||||
income per share from continuing operations available to discovery communications, inc. stockholders, basic and diluted | 0.22 | |||||||||||||||||||||||||||||||||||||||||||
income per share from discontinued operations available to discovery communications, inc. stockholders, basic and diluted | ||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.22 | 0.148 | 0.31 | |||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 2,492 | 2,479 | 2,462 | 2,450 | 2,453 | 2,443 | 2,436 | 2,438 | 2,432 | 1,940 | 2,428 | 2,286 | 591 | 503 | 506 | 506 | 495 | 505 | 508 | 517 | 535 | 528 | 524 | 384 | 389 | 401 | 413 | 432 | 432 | 432 | 439 | 343 | 348 | 356 | 363 | 386 | 398 | 425 | 426 | 425 | 424 | 422 | 321 | |
diluted | 2,492 | 2,479 | 2,462 | 2,450 | 2,470 | 2,443 | 2,436 | 2,438 | 2,432 | 1,940 | 2,428 | 2,286 | 665 | 664 | 663 | 664 | 667 | 672 | 674 | 685 | 713 | 716 | 714 | 576 | 588 | 610 | 630 | 656 | 653 | 655 | 667 | 346 | 352 | 359 | 367 | 390 | 401 | 429 | 431 | 429 | 427 | 424 | 322 | |
asset impairments | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||
exit and restructuring charges | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to non-controlling interests | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 189,500,000 | 262,000,000 | ||||||||||||||||||||||||||||||||||||||||||
exit and restructuring costs | 4,250,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total operating costs and expenses | 620,000,000 | 549,000,000 | ||||||||||||||||||||||||||||||||||||||||||
equity in earnings of discovery communications holding, llc | ||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated affiliates | -59,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total other income | -103,000,000 | -69,000,000 | ||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes and minority interest | 143,250,000 | 227,000,000 | ||||||||||||||||||||||||||||||||||||||||||
minority interests in consolidated subsidiaries, net of tax | -29,750,000 | -40,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 42,250,000 | 94,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | 10,500,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||
average shares outstanding, basic and diluted | 71.75 | 302 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-03-31 | 2022-09-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2017-03-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-03-31 | 2011-09-30 | 2010-12-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2008-12-31 | 2008-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 3,264,000,000 | 4,294,000,000 | 3,868,000,000 | 5,312,000,000 | 3,336,000,000 | 2,976,000,000 | 3,780,000,000 | 2,383,000,000 | 2,594,000,000 | 2,422,000,000 | 4,162,000,000 | 3,905,000,000 | 3,116,000,000 | 2,834,000,000 | 2,008,000,000 | 1,893,000,000 | 1,683,000,000 | 1,453,000,000 | 813,000,000 | 1,321,000,000 | 745,000,000 | 267,000,000 | 300,000,000 | 333,000,000 | 390,000,000 | 262,000,000 | 232,000,000 | 321,000,000 | 372,000,000 | 757,000,000 | 439,000,000 | 2,360,000,000 | 1,032,000,000 | 466,000,000 | 713,000,000 | 691,000,000 | 401,000,000 | 339,000,000 | 100,000,000 | 92,000,000 |
receivables | 5,009,000,000 | 5,128,000,000 | 4,664,000,000 | 4,947,000,000 | 5,534,000,000 | 6,303,000,000 | 6,047,000,000 | 6,312,000,000 | 6,833,000,000 | 6,669,000,000 | 2,426,000,000 | 2,446,000,000 | 2,462,000,000 | 2,657,000,000 | 2,476,000,000 | 2,444,000,000 | 2,473,000,000 | 2,564,000,000 | 2,695,000,000 | 2,854,000,000 | 2,625,000,000 | 1,560,000,000 | 1,495,000,000 | 1,520,000,000 | 1,479,000,000 | 1,556,000,000 | 1,505,000,000 | 1,431,000,000 | 1,525,000,000 | 1,341,000,000 | 1,344,000,000 | 1,148,000,000 | 976,000,000 | 880,000,000 | 836,000,000 | 773,000,000 | 780,000,000 | |||
prepaid expenses and other current assets | 3,468,000,000 | 3,640,000,000 | 4,250,000,000 | 3,819,000,000 | 3,635,000,000 | 4,623,000,000 | 4,391,000,000 | 4,136,000,000 | 4,300,000,000 | 3,581,000,000 | 442,000,000 | 668,000,000 | 824,000,000 | 584,000,000 | 659,000,000 | 752,000,000 | 448,000,000 | 520,000,000 | 363,000,000 | 427,000,000 | 291,000,000 | 369,000,000 | 397,000,000 | 371,000,000 | 346,000,000 | 327,000,000 | 334,000,000 | 321,000,000 | 275,000,000 | 259,000,000 | 233,000,000 | 304,000,000 | 155,000,000 | 225,000,000 | 185,000,000 | 184,000,000 | 165,000,000 | 155,000,000 | 107,000,000 | |
total current assets | 11,741,000,000 | 13,062,000,000 | 12,782,000,000 | 14,078,000,000 | 12,505,000,000 | 13,902,000,000 | 14,218,000,000 | 12,831,000,000 | 13,727,000,000 | 12,672,000,000 | 7,173,000,000 | 7,264,000,000 | 6,656,000,000 | 6,728,000,000 | 5,865,000,000 | 5,478,000,000 | 4,717,000,000 | 4,626,000,000 | 4,313,000,000 | 4,932,000,000 | 4,025,000,000 | 2,591,000,000 | 2,599,000,000 | 2,667,000,000 | 2,596,000,000 | 2,719,000,000 | 2,468,000,000 | 2,469,000,000 | 2,571,000,000 | 2,740,000,000 | 2,364,000,000 | 4,013,000,000 | 2,299,000,000 | 1,735,000,000 | 1,815,000,000 | 1,721,000,000 | 1,417,000,000 | 1,331,000,000 | 1,109,000,000 | 1,106,000,000 |
film and television content rights and games | 19,312,000,000 | 19,104,000,000 | 18,821,000,000 | 19,102,000,000 | 20,039,000,000 | 20,439,000,000 | 21,229,000,000 | 22,454,000,000 | 25,473,000,000 | 28,288,000,000 | ||||||||||||||||||||||||||||||
property and equipment | 6,642,000,000 | 6,517,000,000 | 6,211,000,000 | 6,087,000,000 | 6,158,000,000 | 5,937,000,000 | 5,957,000,000 | 5,810,000,000 | 5,325,000,000 | 5,143,000,000 | 1,328,000,000 | 1,336,000,000 | 1,310,000,000 | 1,239,000,000 | 1,189,000,000 | 1,125,000,000 | 1,088,000,000 | 1,040,000,000 | 856,000,000 | 828,000,000 | 802,000,000 | 504,000,000 | 482,000,000 | 466,000,000 | 488,000,000 | 500,000,000 | 509,000,000 | 534,000,000 | 538,000,000 | 522,000,000 | 492,000,000 | 377,000,000 | 371,000,000 | 399,000,000 | 401,000,000 | 405,000,000 | 417,000,000 | 410,000,000 | 395,000,000 | 412,000,000 |
goodwill | 25,874,000,000 | 25,920,000,000 | 25,746,000,000 | 25,667,000,000 | 25,869,000,000 | 34,891,000,000 | 34,969,000,000 | 34,727,000,000 | 34,658,000,000 | 34,450,000,000 | 12,872,000,000 | 12,912,000,000 | 12,957,000,000 | 13,013,000,000 | 12,973,000,000 | 13,052,000,000 | 12,987,000,000 | 12,966,000,000 | 12,977,000,000 | 13,222,000,000 | 13,037,000,000 | 8,077,000,000 | 8,040,000,000 | 8,207,000,000 | 8,164,000,000 | 8,180,000,000 | 8,189,000,000 | 8,152,000,000 | 8,126,000,000 | 7,370,000,000 | 7,301,000,000 | 6,501,000,000 | 6,299,000,000 | 6,434,000,000 | 6,442,000,000 | 6,442,000,000 | 6,438,000,000 | 6,439,000,000 | 6,891,000,000 | 7,096,000,000 |
intangible assets | 26,803,000,000 | 28,789,000,000 | 31,033,000,000 | 32,299,000,000 | 33,767,000,000 | 36,648,000,000 | 38,285,000,000 | 39,874,000,000 | 43,239,000,000 | 46,744,000,000 | 5,873,000,000 | 6,317,000,000 | 6,784,000,000 | 7,075,000,000 | 7,323,000,000 | 7,864,000,000 | 8,091,000,000 | 8,332,000,000 | 8,880,000,000 | 9,172,000,000 | 9,366,000,000 | 1,489,000,000 | 1,512,000,000 | 1,718,000,000 | 1,730,000,000 | 1,772,000,000 | 1,822,000,000 | 1,855,000,000 | 1,924,000,000 | 1,516,000,000 | 1,606,000,000 | 680,000,000 | 577,000,000 | 605,000,000 | 625,000,000 | 636,000,000 | 654,000,000 | 665,000,000 | 716,000,000 | 392,000,000 |
other noncurrent assets | 7,465,000,000 | 7,127,000,000 | 7,086,000,000 | 7,327,000,000 | 7,995,000,000 | 8,002,000,000 | 8,099,000,000 | 8,053,000,000 | 8,162,000,000 | 8,752,000,000 | 2,687,000,000 | 2,223,000,000 | 2,923,000,000 | 2,911,000,000 | 2,806,000,000 | 2,105,000,000 | 2,136,000,000 | 2,128,000,000 | 2,175,000,000 | 1,891,000,000 | 1,161,000,000 | 473,000,000 | 479,000,000 | 262,000,000 | 289,000,000 | 119,000,000 | 120,000,000 | 163,000,000 | 183,000,000 | 181,000,000 | 184,000,000 | 162,000,000 | 146,000,000 | 601,000,000 | 585,000,000 | 571,000,000 | 590,000,000 | 621,000,000 | 210,000,000 | |
total assets | 97,837,000,000 | 100,519,000,000 | 101,679,000,000 | 104,560,000,000 | 106,333,000,000 | 119,819,000,000 | 122,757,000,000 | 123,749,000,000 | 130,584,000,000 | 136,049,000,000 | 33,799,000,000 | 34,427,000,000 | 34,318,000,000 | 34,572,000,000 | 33,625,000,000 | 33,438,000,000 | 33,089,000,000 | 33,390,000,000 | 32,825,000,000 | 33,845,000,000 | 32,444,000,000 | 15,862,000,000 | 15,758,000,000 | 15,878,000,000 | 15,864,000,000 | 15,919,000,000 | 15,729,000,000 | 15,782,000,000 | 16,105,000,000 | 15,311,000,000 | 14,867,000,000 | 14,421,000,000 | 11,801,000,000 | 11,019,000,000 | 11,074,000,000 | 10,952,000,000 | 10,741,000,000 | 10,696,000,000 | 10,484,000,000 | 10,445,000,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||
accounts payable | 1,110,000,000 | 1,083,000,000 | 1,008,000,000 | 1,055,000,000 | 1,120,000,000 | 1,245,000,000 | 1,260,000,000 | 1,329,000,000 | 1,123,000,000 | 1,534,000,000 | 521,000,000 | 412,000,000 | 403,000,000 | 367,000,000 | 421,000,000 | 380,000,000 | 325,000,000 | 314,000,000 | 200,000,000 | 241,000,000 | 171,000,000 | 282,000,000 | 249,000,000 | 277,000,000 | 205,000,000 | 226,000,000 | 151,000,000 | 116,000,000 | 67,000,000 | 48,000,000 | 87,000,000 | 71,000,000 | ||||||||
accrued liabilities | 11,920,000,000 | 9,292,000,000 | 9,899,000,000 | 10,438,000,000 | 10,002,000,000 | 10,288,000,000 | 10,368,000,000 | 10,040,000,000 | 10,158,000,000 | 10,197,000,000 | 1,966,000,000 | 2,230,000,000 | 1,582,000,000 | 1,607,000,000 | 1,471,000,000 | 1,462,000,000 | 1,570,000,000 | 1,538,000,000 | 1,008,000,000 | 1,075,000,000 | 974,000,000 | 988,000,000 | 1,506,000,000 | 905,000,000 | 932,000,000 | 945,000,000 | 947,000,000 | 438,000,000 | 393,000,000 | 350,000,000 | ||||||||||
deferred revenues | 1,592,000,000 | 1,649,000,000 | 1,600,000,000 | 1,569,000,000 | 1,530,000,000 | 1,993,000,000 | 1,924,000,000 | 1,917,000,000 | 1,603,000,000 | 1,688,000,000 | 281,000,000 | 478,000,000 | 625,000,000 | 806,000,000 | 663,000,000 | 435,000,000 | 263,000,000 | 376,000,000 | 384,000,000 | 293,000,000 | 236,000,000 | 194,000,000 | 163,000,000 | 205,000,000 | 190,000,000 | 237,000,000 | 181,000,000 | 175,000,000 | 160,000,000 | 137,000,000 | 164,000,000 | 100,000,000 | 123,000,000 | 114,000,000 | 93,000,000 | |||||
current portion of debt | 1,493,000,000 | 139,000,000 | 2,779,000,000 | 2,748,000,000 | 3,043,000,000 | 3,430,000,000 | 1,780,000,000 | 1,302,000,000 | 3,496,000,000 | 1,257,000,000 | 794,000,000 | 339,000,000 | 349,000,000 | 585,000,000 | 351,000,000 | 336,000,000 | 339,000,000 | 607,000,000 | 611,000,000 | 1,686,000,000 | 1,387,000,000 | 132,000,000 | 82,000,000 | 25,000,000 | 119,000,000 | 116,000,000 | 349,000,000 | 453,000,000 | 1,029,000,000 | 18,000,000 | 23,000,000 | |||||||||
total current liabilities | 16,115,000,000 | 12,163,000,000 | 15,286,000,000 | 15,810,000,000 | 15,695,000,000 | 16,956,000,000 | 15,332,000,000 | 14,588,000,000 | 16,380,000,000 | 14,676,000,000 | 3,562,000,000 | 3,459,000,000 | 3,335,000,000 | 3,565,000,000 | 3,142,000,000 | 2,756,000,000 | 2,576,000,000 | 2,875,000,000 | 2,837,000,000 | 3,874,000,000 | 3,475,000,000 | 1,534,000,000 | 1,561,000,000 | 1,375,000,000 | 1,579,000,000 | 2,108,000,000 | 1,712,000,000 | 1,765,000,000 | 2,360,000,000 | 1,253,000,000 | 1,135,000,000 | 1,101,000,000 | 707,000,000 | 785,000,000 | 608,000,000 | 934,000,000 | 762,000,000 | 1,227,000,000 | 1,070,000,000 | 1,020,000,000 |
noncurrent portion of debt | 30,973,000,000 | 33,382,000,000 | 34,647,000,000 | 36,757,000,000 | 37,166,000,000 | 39,148,000,000 | 41,889,000,000 | 43,498,000,000 | 45,434,000,000 | 48,612,000,000 | 13,605,000,000 | 14,420,000,000 | 14,436,000,000 | 14,462,000,000 | 14,675,000,000 | 14,981,000,000 | 14,944,000,000 | 15,267,000,000 | 14,757,000,000 | 14,823,000,000 | 14,956,000,000 | 7,970,000,000 | 7,841,000,000 | 7,965,000,000 | 7,616,000,000 | 6,941,000,000 | 6,856,000,000 | 7,036,000,000 | 6,045,000,000 | 6,900,000,000 | 6,485,000,000 | |||||||||
deferred income taxes | 5,873,000,000 | 6,708,000,000 | 6,714,000,000 | 6,985,000,000 | 7,339,000,000 | 8,303,000,000 | 8,736,000,000 | 9,098,000,000 | 10,211,000,000 | 12,317,000,000 | 1,112,000,000 | 1,225,000,000 | 1,248,000,000 | 1,447,000,000 | 1,469,000,000 | 1,503,000,000 | 1,463,000,000 | 1,550,000,000 | 1,624,000,000 | 1,656,000,000 | 1,700,000,000 | 429,000,000 | 97,000,000 | 91,000,000 | 68,000,000 | 80,000,000 | 84,000,000 | 86,000,000 | 81,000,000 | 76,000,000 | 74,000,000 | 74,000,000 | 53,000,000 | 81,000,000 | 49,000,000 | |||||
other noncurrent liabilities | 11,169,000,000 | 10,961,000,000 | 9,861,000,000 | 10,070,000,000 | 9,959,000,000 | 10,118,000,000 | 10,328,000,000 | 10,423,000,000 | 10,717,000,000 | 10,364,000,000 | 1,958,000,000 | 1,927,000,000 | 1,901,000,000 | 1,790,000,000 | 1,764,000,000 | 2,158,000,000 | 2,306,000,000 | 2,294,000,000 | 2,028,000,000 | 1,827,000,000 | 1,573,000,000 | 345,000,000 | 393,000,000 | 414,000,000 | 421,000,000 | 395,000,000 | 427,000,000 | 406,000,000 | 299,000,000 | 326,000,000 | 309,000,000 | 210,000,000 | 108,000,000 | 99,000,000 | 309,000,000 | 350,000,000 | 416,000,000 | 449,000,000 | 237,000,000 | |
total liabilities | 64,130,000,000 | 63,214,000,000 | 66,508,000,000 | 69,622,000,000 | 70,159,000,000 | 74,525,000,000 | 76,285,000,000 | 77,607,000,000 | 82,742,000,000 | 85,969,000,000 | 20,237,000,000 | 21,031,000,000 | 20,920,000,000 | 21,264,000,000 | 21,050,000,000 | 21,398,000,000 | 21,289,000,000 | 21,986,000,000 | 21,246,000,000 | 22,180,000,000 | 21,704,000,000 | 10,278,000,000 | 10,348,000,000 | 10,264,000,000 | 10,172,000,000 | 10,033,000,000 | 9,489,000,000 | 9,739,000,000 | 9,473,000,000 | 9,093,000,000 | 8,610,000,000 | 8,146,000,000 | 5,398,000,000 | 4,786,000,000 | 4,650,000,000 | 4,729,000,000 | 4,899,000,000 | 4,877,000,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 23,000,000 | 23,000,000 | 109,000,000 | 117,000,000 | 179,000,000 | 165,000,000 | 281,000,000 | 309,000,000 | 318,000,000 | 335,000,000 | 363,000,000 | 358,000,000 | 357,000,000 | 356,000,000 | 443,000,000 | 442,000,000 | 442,000,000 | 446,000,000 | 444,000,000 | 440,000,000 | 249,000,000 | 243,000,000 | 248,000,000 | 241,000,000 | 240,000,000 | 754,000,000 | 752,000,000 | 598,000,000 | 37,000,000 | 49,000,000 | 49,000,000 | |||||||||
warner bros. discovery, inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||
series a common stock: 0.01 par value... | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||
preferred stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 55,865,000,000 | 55,926,000,000 | 55,585,000,000 | 55,560,000,000 | 55,463,000,000 | 55,175,000,000 | 55,112,000,000 | 54,944,000,000 | 54,685,000,000 | 54,547,000,000 | 11,120,000,000 | 11,086,000,000 | 11,043,000,000 | 11,000,000,000 | 10,951,000,000 | 10,825,000,000 | 10,798,000,000 | 10,770,000,000 | 10,718,000,000 | 10,648,000,000 | 10,670,000,000 | 7,146,000,000 | 7,046,000,000 | 7,027,000,000 | 7,021,000,000 | 6,935,000,000 | 6,926,000,000 | 6,911,000,000 | 6,865,000,000 | 6,845,000,000 | 6,798,000,000 | 6,716,000,000 | 6,460,000,000 | 6,358,000,000 | 6,636,000,000 | 6,618,000,000 | 6,589,000,000 | 6,555,000,000 | 6,559,000,000 | |
treasury stock | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,244,000,000 | -8,125,000,000 | -7,897,000,000 | -7,897,000,000 | -7,037,000,000 | -6,737,000,000 | -6,737,000,000 | -6,496,000,000 | -6,356,000,000 | -5,675,000,000 | -5,461,000,000 | -5,086,000,000 | -5,086,000,000 | -4,963,000,000 | -4,300,000,000 | -3,797,000,000 | -3,195,000,000 | -2,482,000,000 | -837,000,000 | -105,000,000 | ||||||
accumulated deficit | -14,428,000,000 | -11,260,000,000 | -12,692,000,000 | -12,239,000,000 | -11,745,000,000 | -1,894,000,000 | -111,000,000 | -224,000,000 | -531,000,000 | -632,000,000 | -1,042,000,000 | |||||||||||||||||||||||||||||
accumulated other comprehensive loss | -642,000,000 | -431,000,000 | -840,000,000 | -1,067,000,000 | -401,000,000 | -913,000,000 | -741,000,000 | -1,427,000,000 | -1,105,000,000 | -2,119,000,000 | -947,000,000 | -830,000,000 | -717,000,000 | -585,000,000 | -581,000,000 | -898,000,000 | -1,021,000,000 | -1,122,000,000 | -1,029,000,000 | -913,000,000 | -895,000,000 | -704,000,000 | -762,000,000 | -614,000,000 | -633,000,000 | -508,000,000 | -460,000,000 | -569,000,000 | -22,000,000 | -33,000,000 | -44,000,000 | -40,000,000 | -35,000,000 | -25,000,000 | ||||||
total warner bros. discovery, inc. stockholders’ equity | 32,578,000,000 | 36,018,000,000 | 33,836,000,000 | 34,037,000,000 | 35,100,000,000 | 44,151,000,000 | 45,226,000,000 | 44,774,000,000 | 46,496,000,000 | 48,517,000,000 | ||||||||||||||||||||||||||||||
noncontrolling interests | 1,129,000,000 | 1,264,000,000 | 1,312,000,000 | 792,000,000 | 957,000,000 | 964,000,000 | 1,081,000,000 | 1,087,000,000 | 1,037,000,000 | 1,245,000,000 | 1,258,000,000 | 1,434,000,000 | 1,429,000,000 | 1,413,000,000 | 1,404,000,000 | 1,510,000,000 | 1,491,000,000 | 1,492,000,000 | 1,615,000,000 | 1,600,000,000 | 1,592,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 5,000,000 | 1,000,000 | 8,000,000 | 28,000,000 | 25,000,000 | |||||||||
total equity | 33,707,000,000 | 37,282,000,000 | 35,148,000,000 | 34,829,000,000 | 36,057,000,000 | 45,115,000,000 | 46,307,000,000 | 45,861,000,000 | 47,533,000,000 | 49,762,000,000 | 13,227,000,000 | 13,033,000,000 | 13,040,000,000 | 12,951,000,000 | 12,219,000,000 | 11,597,000,000 | 11,358,000,000 | 10,962,000,000 | 11,133,000,000 | 11,221,000,000 | 10,300,000,000 | 5,335,000,000 | 5,167,000,000 | 5,366,000,000 | 5,451,000,000 | 5,646,000,000 | 5,486,000,000 | 5,291,000,000 | 6,034,000,000 | 6,181,000,000 | 6,225,000,000 | 6,242,000,000 | 6,403,000,000 | 6,233,000,000 | 6,514,000,000 | 6,384,000,000 | 6,042,000,000 | 5,918,000,000 | ||
total liabilities and equity | 97,837,000,000 | 100,519,000,000 | 101,679,000,000 | 104,560,000,000 | 106,333,000,000 | 119,819,000,000 | 122,757,000,000 | 123,749,000,000 | 130,584,000,000 | 136,049,000,000 | 33,799,000,000 | 34,427,000,000 | 34,318,000,000 | 34,572,000,000 | 33,625,000,000 | 33,438,000,000 | 33,089,000,000 | 33,390,000,000 | 32,825,000,000 | 33,845,000,000 | 32,444,000,000 | 15,862,000,000 | 15,758,000,000 | 15,878,000,000 | 15,864,000,000 | 15,919,000,000 | 15,729,000,000 | 15,782,000,000 | 16,105,000,000 | 15,311,000,000 | 14,867,000,000 | 14,421,000,000 | 11,801,000,000 | 11,019,000,000 | 11,074,000,000 | 10,952,000,000 | ||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -928,000,000 | -526,000,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock: 0 par value; 1,200 and 1,200 shares authorized, 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||
retained earnings | 1,133,000,000 | 4,306,000,000 | 10,033,000,000 | 9,580,000,000 | 9,522,000,000 | 9,360,000,000 | 8,682,000,000 | 8,278,000,000 | 7,980,000,000 | 7,712,000,000 | 6,859,000,000 | 6,616,000,000 | 5,663,000,000 | 5,382,000,000 | 5,232,000,000 | 4,621,000,000 | 4,517,000,000 | 4,297,000,000 | 4,098,000,000 | 3,903,000,000 | 3,499,000,000 | 3,123,000,000 | 2,604,000,000 | 2,052,000,000 | 796,000,000 | |||||||||||||||
discovery series a-1 convertible preferred stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
discovery series c-1 convertible preferred stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
discovery series a common stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
discovery series b convertible common stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
discovery series c common stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
content rights and prepaid license fees | 143,000,000 | 245,000,000 | 254,000,000 | 653,000,000 | 722,000,000 | 389,000,000 | 113,000,000 | 89,000,000 | ||||||||||||||||||||||||||||||||
noncurrent content rights | 3,866,000,000 | 3,832,000,000 | 3,688,000,000 | 3,606,000,000 | 3,469,000,000 | 3,278,000,000 | 3,540,000,000 | 3,756,000,000 | 3,095,000,000 | 3,258,000,000 | 3,098,000,000 | 2,038,000,000 | 2,089,000,000 | 2,029,000,000 | 2,030,000,000 | 2,067,000,000 | 2,021,000,000 | 1,991,000,000 | 1,935,000,000 | 1,902,000,000 | 1,833,000,000 | 1,583,000,000 | 1,293,000,000 | 1,245,000,000 | 1,206,000,000 | 1,177,000,000 | 1,225,000,000 | 1,230,000,000 | 1,163,000,000 | 1,149,000,000 | ||||||||||
series a-1 convertible preferred stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
series c-1 convertible preferred stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
series b convertible common stock: 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
series c common stock: 0.01 par value... | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||
total warner bros. discovery, inc. stockholders' equity | 11,969,000,000 | |||||||||||||||||||||||||||||||||||||||
equity method investments | 543,000,000 | 536,000,000 | 530,000,000 | 542,000,000 | 529,000,000 | 567,000,000 | 562,000,000 | 600,000,000 | 618,000,000 | 828,000,000 | 1,080,000,000 | 1,087,000,000 | 1,105,000,000 | |||||||||||||||||||||||||||
discovery, inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||
total discovery, inc. stockholders’ equity | 11,599,000,000 | |||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 2,361,000,000 | 2,174,000,000 | 2,128,000,000 | 356,000,000 | 395,000,000 | 394,000,000 | 564,000,000 | 418,000,000 | ||||||||||||||||||||||||||||||||
total discovery, inc. stockholders' equity | 11,611,000,000 | 11,538,000,000 | 10,815,000,000 | 10,087,000,000 | 9,867,000,000 | 9,470,000,000 | 9,518,000,000 | 9,621,000,000 | 8,708,000,000 | |||||||||||||||||||||||||||||||
content rights | 442,000,000 | 330,000,000 | 364,000,000 | 395,000,000 | 310,000,000 | 352,000,000 | 313,000,000 | 341,000,000 | 313,000,000 | 310,000,000 | 318,000,000 | 307,000,000 | 274,000,000 | 127,000,000 | 83,000,000 | 83,000,000 | 81,000,000 | 73,000,000 | 76,000,000 | 78,000,000 | 73,000,000 | 79,000,000 | ||||||||||||||||||
equity method investments, including note receivable | 529,000,000 | 542,000,000 | 955,000,000 | 690,000,000 | 557,000,000 | |||||||||||||||||||||||||||||||||||
discovery communications, inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock: 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||
series c convertible preferred stock: 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||
total discovery communications, inc. stockholders’ equity | 5,451,000,000 | 5,645,000,000 | 5,485,000,000 | 5,289,000,000 | 6,031,000,000 | 6,180,000,000 | 6,220,000,000 | 6,240,000,000 | 6,225,000,000 | 6,486,000,000 | 6,359,000,000 | |||||||||||||||||||||||||||||
income taxes receivable and prepaid income taxes | 153,000,000 | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -38,000,000 | 4,000,000 | 8,000,000 | -51,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 832,000,000 | 912,000,000 | ||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 32,000,000 | 33,000,000 | ||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 22,000,000 | 20,000,000 | 20,000,000 | 17,000,000 | 256,000,000 | 39,000,000 | 421,000,000 | 458,000,000 | 349,000,000 | |||||||||||||||||||||||||||||||
long-term debt | 6,407,000,000 | 4,229,000,000 | 3,598,000,000 | 3,594,000,000 | 3,235,000,000 | 3,472,000,000 | 3,053,000,000 | 3,331,000,000 | 3,555,000,000 | |||||||||||||||||||||||||||||||
noncontrolling interest | 2,000,000 | |||||||||||||||||||||||||||||||||||||||
investments | 816,000,000 | |||||||||||||||||||||||||||||||||||||||
current portion of stock-based compensation liabilities | 40,000,000 | 118,000,000 | ||||||||||||||||||||||||||||||||||||||
other current liabilities | 38,000,000 | 53,000,000 | 235,000,000 | 283,000,000 | 329,000,000 | 242,000,000 | 90,000,000 | 253,000,000 | ||||||||||||||||||||||||||||||||
total discovery communications, inc. stockholders’ equity. | 6,402,000,000 | |||||||||||||||||||||||||||||||||||||||
accounts receivable | 775,000,000 | 759,000,000 | 764,000,000 | |||||||||||||||||||||||||||||||||||||
liabilities, redeemable non-controlling interests in subsidiaries and equity | ||||||||||||||||||||||||||||||||||||||||
redeemable non-controlling interests in subsidiaries | 49,000,000 | 49,000,000 | ||||||||||||||||||||||||||||||||||||||
series a preferred stock, 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
series c preferred stock, 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
series a common stock, 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||
series b common stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||
series c common stock, 0.01 par value... | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||
equity attributable to discovery communications, inc. | 6,028,000,000 | 5,903,000,000 | ||||||||||||||||||||||||||||||||||||||
equity attributable to non-controlling interests | 14,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable non-controlling interests in subsidiaries and equity | 10,741,000,000 | |||||||||||||||||||||||||||||||||||||||
liabilities, redeemable non-controlling interests in subsidiaries, and equity | ||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable non-controlling interests in subsidiaries, and equity | 10,696,000,000 | |||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | ||||||||||||||||||||||||||||||||||||||||
investment in discovery communications holding, llc | ||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable interests in subsidiaries, and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||
current portion of long-term incentive plan liability | 8,000,000 | |||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | ||||||||||||||||||||||||||||||||||||||||
long-term incentive plan liability | 15,000,000 | |||||||||||||||||||||||||||||||||||||||
redeemable interests in subsidiaries | 49,000,000 | 49,000,000 | ||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||
other current assets | 171,000,000 | |||||||||||||||||||||||||||||||||||||||
investments in and advances to unconsolidated affiliates | 80,000,000 | |||||||||||||||||||||||||||||||||||||||
other assets | 210,000,000 | |||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||
derivative financial instruments | 48,000,000 | |||||||||||||||||||||||||||||||||||||||
other liabilities | 254,000,000 | |||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 5,519,000,000 | |||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable interests in subsidiaries, and stockholders’ equity | 10,445,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2017-03-31 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||
net loss | -2,906,000,000 | -449,000,000 | -640,000,000 | -955,000,000 | ||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | ||||||||||||||||||||||||||||||
content rights amortization and impairment | 2,499,000,000 | 3,145,000,000 | 3,067,000,000 | 3,827,000,000 | 3,477,000,000 | 4,723,000,000 | 973,000,000 | 766,000,000 | 1,219,000,000 | 773,000,000 | 743,000,000 | 763,000,000 | 651,000,000 | 704,000,000 | 700,000,000 | 681,000,000 | 697,000,000 | |||||||||||||
depreciation and amortization | 1,226,000,000 | 1,547,000,000 | 1,643,000,000 | 1,888,000,000 | 2,024,000,000 | 2,058,000,000 | 525,000,000 | 539,000,000 | 341,000,000 | 341,000,000 | 361,000,000 | 341,000,000 | 334,000,000 | 326,000,000 | 322,000,000 | 320,000,000 | 372,000,000 | 80,000,000 | 79,000,000 | 87,000,000 | 80,000,000 | 82,000,000 | 81,000,000 | 75,000,000 | 83,000,000 | 32,000,000 | 30,000,000 | 33,000,000 | 34,000,000 | 40,000,000 |
deferred income taxes | -513,000,000 | -312,000,000 | -381,000,000 | -399,000,000 | -273,000,000 | -669,000,000 | -118,000,000 | -9,000,000 | -260,000,000 | -134,000,000 | -108,000,000 | -10,000,000 | -113,000,000 | -75,000,000 | -18,000,000 | -511,000,000 | -43,000,000 | -34,000,000 | -58,000,000 | -2,000,000 | -28,000,000 | -16,000,000 | -48,000,000 | |||||||
share-based compensation expense | 152,000,000 | 123,000,000 | 138,000,000 | 101,000,000 | 109,000,000 | 111,000,000 | 60,000,000 | 44,000,000 | 39,000,000 | 31,000,000 | 64,000,000 | 32,000,000 | 34,000,000 | -4,000,000 | 13,000,000 | 39,000,000 | 30,000,000 | 21,000,000 | 98,000,000 | |||||||||||
impairments and loss on dispositions | 14,000,000 | 90,000,000 | 191,000,000 | |||||||||||||||||||||||||||
netflix termination fee accrual | 2,800,000,000 | |||||||||||||||||||||||||||||
other | 119,000,000 | 17,000,000 | 19,000,000 | 7,000,000 | 29,000,000 | 97,000,000 | 33,000,000 | 252,000,000 | -43,000,000 | -100,000,000 | -4,000,000 | -5,000,000 | 12,000,000 | 29,000,000 | -3,000,000 | 6,000,000 | 44,000,000 | 3,000,000 | 15,000,000 | 1,000,000 | 9,000,000 | 15,000,000 | 5,000,000 | 7,000,000 | 11,000,000 | 69,000,000 | -11,000,000 | 2,000,000 | -34,000,000 | -19,000,000 |
changes in operating assets and liabilities, net of acquisitions and dispositions: | ||||||||||||||||||||||||||||||
receivables | 246,000,000 | 288,000,000 | 495,000,000 | -304,000,000 | 345,000,000 | -486,000,000 | -5,000,000 | 3,000,000 | 185,000,000 | -182,000,000 | 41,000,000 | 34,000,000 | 86,000,000 | 36,000,000 | 147,000,000 | -221,000,000 | -10,000,000 | -44,000,000 | -7,000,000 | 89,000,000 | -61,000,000 | -62,000,000 | -10,000,000 | -77,000,000 | 31,000,000 | -20,000,000 | -29,000,000 | -73,000,000 | 42,000,000 | |
film and television content rights, games, and production payables | -2,603,000,000 | -2,846,000,000 | -2,778,000,000 | |||||||||||||||||||||||||||
accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities | -1,033,000,000 | -1,026,000,000 | 964,000,000 | -753,000,000 | 425,000,000 | -1,652,000,000 | -124,000,000 | 61,000,000 | 83,000,000 | 151,000,000 | -110,000,000 | |||||||||||||||||||
foreign currency, prepaid expenses and other assets | -209,000,000 | -24,000,000 | -100,000,000 | -64,000,000 | 201,000,000 | 259,000,000 | -10,000,000 | -68,000,000 | -98,000,000 | 52,000,000 | 26,000,000 | 54,000,000 | 2,000,000 | -24,000,000 | ||||||||||||||||
cash from operating activities | -208,000,000 | 553,000,000 | 2,715,000,000 | 585,000,000 | 3,578,000,000 | -631,000,000 | 323,000,000 | 884,000,000 | 811,000,000 | 834,000,000 | 269,000,000 | 860,000,000 | 991,000,000 | 335,000,000 | 951,000,000 | 674,000,000 | 542,000,000 | 255,000,000 | 62,000,000 | 625,000,000 | 258,000,000 | 331,000,000 | 63,000,000 | 232,000,000 | 241,000,000 | 131,000,000 | 248,000,000 | -36,000,000 | 126,000,000 | 38,000,000 |
capital expenditures | -268,000,000 | -251,000,000 | -286,000,000 | -195,000,000 | -268,000,000 | -299,000,000 | -85,000,000 | -100,000,000 | -106,000,000 | -77,000,000 | -90,000,000 | -73,000,000 | -112,000,000 | -105,000,000 | -67,000,000 | -78,000,000 | -44,000,000 | -47,000,000 | -15,000,000 | -27,000,000 | -24,000,000 | -18,000,000 | -34,000,000 | -30,000,000 | -28,000,000 | -26,000,000 | -21,000,000 | -8,000,000 | -12,000,000 | -9,000,000 |
free cash flows | -476,000,000 | 302,000,000 | 2,429,000,000 | 390,000,000 | 3,310,000,000 | -930,000,000 | 238,000,000 | 784,000,000 | 705,000,000 | 757,000,000 | 179,000,000 | 787,000,000 | 879,000,000 | 230,000,000 | 884,000,000 | 596,000,000 | 498,000,000 | 208,000,000 | 47,000,000 | 598,000,000 | 234,000,000 | 313,000,000 | 29,000,000 | 202,000,000 | 213,000,000 | 105,000,000 | 227,000,000 | -44,000,000 | 114,000,000 | 29,000,000 |
investing activities | ||||||||||||||||||||||||||||||
purchases of property and equipment | -268,000,000 | -251,000,000 | -286,000,000 | -195,000,000 | -268,000,000 | -299,000,000 | -85,000,000 | -100,000,000 | -106,000,000 | -77,000,000 | -90,000,000 | -73,000,000 | -112,000,000 | -105,000,000 | -67,000,000 | -78,000,000 | -44,000,000 | -47,000,000 | -15,000,000 | -27,000,000 | -24,000,000 | -18,000,000 | -34,000,000 | -30,000,000 | -28,000,000 | -26,000,000 | -21,000,000 | -8,000,000 | -12,000,000 | -9,000,000 |
proceeds from sales of investments | 11,000,000 | |||||||||||||||||||||||||||||
investments in and advances to equity investees | -25,000,000 | |||||||||||||||||||||||||||||
proceeds from asset dispositions | 66,000,000 | |||||||||||||||||||||||||||||
other investing activities | 11,000,000 | -7,000,000 | -56,000,000 | 41,000,000 | 22,000,000 | 35,000,000 | 17,000,000 | 6,000,000 | -33,000,000 | 93,000,000 | 27,000,000 | 11,000,000 | 2,000,000 | 77,000,000 | 0 | 3,000,000 | 1,000,000 | 1,000,000 | -1,000,000 | 16,000,000 | 7,000,000 | -2,000,000 | -6,000,000 | -15,000,000 | ||||||
cash from investing activities | -282,000,000 | -195,000,000 | 6,000,000 | -207,000,000 | -234,000,000 | -257,000,000 | 529,000,000 | -26,000,000 | -226,000,000 | 40,000,000 | 156,000,000 | -396,000,000 | -84,000,000 | -70,000,000 | -71,000,000 | -126,000,000 | -94,000,000 | -224,000,000 | -1,000,000 | -275,000,000 | 0 | 52,000,000 | -78,000,000 | -275,000,000 | -28,000,000 | -150,000,000 | -42,000,000 | -34,000,000 | -65,000,000 | -9,000,000 |
financing activities | ||||||||||||||||||||||||||||||
principal repayments of debt, including premiums and discounts to par value | -123,000,000 | -3,665,000,000 | -493,000,000 | -1,047,000,000 | ||||||||||||||||||||||||||
borrowings from debt, net of discount and issuance costs | -16,000,000 | 1,500,000,000 | 0 | 0 | 1,500,000,000 | 0 | -3,000,000 | 412,000,000 | ||||||||||||||||||||||
distributions to noncontrolling interests and redeemable noncontrolling interests | -129,000,000 | -157,000,000 | -21,000,000 | -130,000,000 | -19,000,000 | -237,000,000 | -224,000,000 | -20,000,000 | -18,000,000 | -30,000,000 | -183,000,000 | -14,000,000 | -29,000,000 | -173,000,000 | -36,000,000 | -28,000,000 | -163,000,000 | |||||||||||||
proceeds for the formation of music catalog joint venture | ||||||||||||||||||||||||||||||
borrowings under commercial paper program and revolving credit facility | 261,000,000 | 695,000,000 | 0 | 2,200,000,000 | ||||||||||||||||||||||||||
repayments under commercial paper program and revolving credit facility | -261,000,000 | -695,000,000 | 0 | -2,200,000,000 | ||||||||||||||||||||||||||
cash paid to settle share-based awards | -422,000,000 | |||||||||||||||||||||||||||||
other financing activities | -66,000,000 | -174,000,000 | -73,000,000 | -60,000,000 | -30,000,000 | -88,000,000 | -36,000,000 | -53,000,000 | -20,000,000 | -8,000,000 | 53,000,000 | -17,000,000 | -25,000,000 | -59,000,000 | 5,000,000 | -1,000,000 | -1,000,000 | -6,000,000 | -11,000,000 | 2,000,000 | -2,000,000 | -4,000,000 | -9,000,000 | -5,000,000 | -2,000,000 | -2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |
cash from financing activities | -756,000,000 | -1,895,000,000 | -600,000,000 | -1,237,000,000 | -1,529,000,000 | -432,000,000 | -587,000,000 | -42,000,000 | -273,000,000 | -69,000,000 | -469,000,000 | -274,000,000 | -739,000,000 | -259,000,000 | -1,349,000,000 | 9,000,000 | -652,000,000 | -84,000,000 | -155,000,000 | -203,000,000 | -212,000,000 | -499,000,000 | 12,000,000 | -341,000,000 | 140,000,000 | 1,182,000,000 | -213,000,000 | 98,000,000 | 1,000,000 | 28,000,000 |
effect of exchange rate changes on cash, cash equivalents, and restricted cash | -56,000,000 | 95,000,000 | -195,000,000 | -74,000,000 | 74,000,000 | 29,000,000 | -5,000,000 | -37,000,000 | -20,000,000 | 21,000,000 | -70,000,000 | 28,000,000 | 36,000,000 | -24,000,000 | ||||||||||||||||
net change in cash, cash equivalents, and restricted cash | -1,302,000,000 | -1,442,000,000 | 1,926,000,000 | -933,000,000 | 1,889,000,000 | -1,291,000,000 | 260,000,000 | 779,000,000 | 292,000,000 | 826,000,000 | -114,000,000 | 218,000,000 | 204,000,000 | -18,000,000 | ||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 4,570,000,000 | 5,416,000,000 | 0 | 4,319,000,000 | 0 | 3,930,000,000 | 3,905,000,000 | 0 | 0 | 0 | 2,122,000,000 | 0 | 0 | 1,552,000,000 | ||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 3,268,000,000 | 3,974,000,000 | 1,926,000,000 | 3,386,000,000 | 1,889,000,000 | 2,639,000,000 | 4,165,000,000 | 779,000,000 | 292,000,000 | 826,000,000 | 2,008,000,000 | 218,000,000 | 204,000,000 | 1,534,000,000 | ||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||
net income | -1,060,000,000 | 475,000,000 | 91,000,000 | 197,000,000 | 718,000,000 | 191,000,000 | 330,000,000 | 300,000,000 | 407,000,000 | 297,000,000 | 987,000,000 | 418,000,000 | 221,000,000 | 269,000,000 | 226,000,000 | 283,000,000 | 289,000,000 | 250,000,000 | 384,000,000 | 231,000,000 | 231,000,000 | 222,000,000 | 110,000,000 | 173,000,000 | 101,000,000 | |||||
equity in losses of equity method investee companies and cash distributions | 37,000,000 | 58,000,000 | 21,000,000 | 62,000,000 | 21,000,000 | |||||||||||||||||||||||||
gain on sale of investments | -23,000,000 | 1,000,000 | 0 | 1,000,000 | -21,000,000 | |||||||||||||||||||||||||
gain on extinguishment of debt | -42,000,000 | |||||||||||||||||||||||||||||
investments in and advances to equity investments | -14,000,000 | -5,000,000 | -53,000,000 | -21,000,000 | -13,000,000 | -42,000,000 | -47,000,000 | -32,000,000 | -50,000,000 | -55,000,000 | -60,000,000 | -39,000,000 | -42,000,000 | -68,000,000 | ||||||||||||||||
proceeds for noncontrolling interest in joint venture | 601,000,000 | |||||||||||||||||||||||||||||
securitization receivables collected but not remitted | ||||||||||||||||||||||||||||||
content restructuring impairments and write-offs | ||||||||||||||||||||||||||||||
preferred stock conversion premium | ||||||||||||||||||||||||||||||
gain from derivative instruments | 25,000,000 | -43,000,000 | -23,000,000 | -514,000,000 | ||||||||||||||||||||||||||
film and television content rights, games and production payables | ||||||||||||||||||||||||||||||
cash (used for) acquired from business acquisitions and working capital settlement | ||||||||||||||||||||||||||||||
proceeds from sales and maturities of investments | 74,000,000 | 274,000,000 | ||||||||||||||||||||||||||||
proceeds from derivative instruments | 20,000,000 | 639,000,000 | 5,000,000 | |||||||||||||||||||||||||||
principal repayments of term loans | -1,150,000,000 | |||||||||||||||||||||||||||||
purchase of redeemable noncontrolling interest | ||||||||||||||||||||||||||||||
loss from derivative instruments | 0 | 11,000,000 | ||||||||||||||||||||||||||||
film and television content rights, games and payables | -2,452,000,000 | -4,051,000,000 | ||||||||||||||||||||||||||||
purchases of investments | 0 | |||||||||||||||||||||||||||||
proceeds from (payments for) derivative instruments | 5,000,000 | |||||||||||||||||||||||||||||
principal repayments of debt, including premiums to par value and discount payment | 0 | -235,000,000 | ||||||||||||||||||||||||||||
repayments under revolving credit facility | ||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 0 | 0 | 500,000,000 | 150,000,000 | 95,000,000 | 794,000,000 | 99,000,000 | 0 | 123,000,000 | |||||||||||||||||||||
borrowings under commercial paper program | 932,000,000 | |||||||||||||||||||||||||||||
repayments under commercial paper program | -933,000,000 | |||||||||||||||||||||||||||||
cash acquired from business acquisition and working capital settlement | ||||||||||||||||||||||||||||||
principal repayments of debt, including premiums to par value | -1,606,000,000 | -327,000,000 | -339,000,000 | |||||||||||||||||||||||||||
content rights and payables | -993,000,000 | -803,000,000 | -877,000,000 | -775,000,000 | -926,000,000 | -714,000,000 | -487,000,000 | -899,000,000 | -762,000,000 | -754,000,000 | -816,000,000 | |||||||||||||||||||
loss on extinguishment of debt | 0 | 6,000,000 | 5,000,000 | 0 | 54,000,000 | |||||||||||||||||||||||||
impairment of goodwill and other intangible assets | 0 | |||||||||||||||||||||||||||||
loss on disposition | ||||||||||||||||||||||||||||||
proceeds from sales and maturities of investments and dissolution of joint venture | 101,000,000 | |||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | 0 | -38,000,000 | -22,000,000 | -56,000,000 | -2,000,000 | -6,000,000 | -16,000,000 | -304,000,000 | -17,000,000 | 0 | -38,000,000 | |||||||||||||||||||
(payments for) proceeds from derivative instruments | 16,000,000 | |||||||||||||||||||||||||||||
repurchases of stock | -214,000,000 | 0 | -527,000,000 | -200,000,000 | -373,000,000 | -375,000,000 | -52,000,000 | -207,000,000 | -317,000,000 | |||||||||||||||||||||
principal repayments of revolving credit facility | 0 | 0 | -125,000,000 | -252,000,000 | -86,000,000 | -18,000,000 | -148,000,000 | -13,000,000 | ||||||||||||||||||||||
gain on disposition | 0 | -13,000,000 | 0 | |||||||||||||||||||||||||||
equity in losses of equity method investee companies, including cash distributions | 19,000,000 | 26,000,000 | 12,000,000 | 25,000,000 | 40,000,000 | 31,000,000 | ||||||||||||||||||||||||
purchase of redeemable noncontrolling interests | 0 | |||||||||||||||||||||||||||||
realized gain from derivative instruments | 17,000,000 | 0 | -21,000,000 | |||||||||||||||||||||||||||
unrealized loss from derivative instruments | -20,000,000 | -5,000,000 | 27,000,000 | |||||||||||||||||||||||||||
remeasurement gain on previously held equity interest | 0 | -6,000,000 | -8,000,000 | 0 | 0 | -2,000,000 | -92,000,000 | |||||||||||||||||||||||
accounts payable, accrued and other liabilities | 8,000,000 | |||||||||||||||||||||||||||||
proceeds from dissolution of joint venture and sale of investments | ||||||||||||||||||||||||||||||
principal repayments of debt, including discount payment | -29,000,000 | -912,000,000 | ||||||||||||||||||||||||||||
proceeds from dissolution of joint venture | ||||||||||||||||||||||||||||||
commercial paper borrowings | -105,000,000 | 199,000,000 | ||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -202,000,000 | 111,000,000 | 79,000,000 | -211,000,000 | -121,000,000 | -148,000,000 | 25,000,000 | 81,000,000 | 39,000,000 | -134,000,000 | -18,000,000 | 6,000,000 | -70,000,000 | -23,000,000 | -59,000,000 | -100,000,000 | -127,000,000 | |||||||||||||
impairment of goodwill | ||||||||||||||||||||||||||||||
equity in losses of equity method investee companies, net of cash distributions | ||||||||||||||||||||||||||||||
prepaid income taxes and income taxes receivable | 46,000,000 | -44,000,000 | 41,000,000 | |||||||||||||||||||||||||||
foreign currency and other | -122,000,000 | 36,000,000 | 25,000,000 | -10,000,000 | ||||||||||||||||||||||||||
proceeds from dispositions, net of cash disposed | ||||||||||||||||||||||||||||||
proceeds from sale of assets | ||||||||||||||||||||||||||||||
principal repayments of finance lease obligations | -9,000,000 | -9,000,000 | -17,000,000 | |||||||||||||||||||||||||||
payments for hedging instruments | 0 | |||||||||||||||||||||||||||||
share-based plan proceeds | 2,000,000 | 4,000,000 | -15,000,000 | |||||||||||||||||||||||||||
(repayments) borrowings under program financing line of credit | -2,000,000 | -3,000,000 | -3,000,000 | |||||||||||||||||||||||||||
borrowings under term loan facilities | ||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -39,000,000 | 19,000,000 | -37,000,000 | 20,000,000 | 37,000,000 | -19,000,000 | -16,000,000 | 27,000,000 | -43,000,000 | -1,000,000 | -4,000,000 | -4,000,000 | 3,000,000 | 6,000,000 | 5,000,000 | |||||||||||||||
net change in cash and cash equivalents | -508,000,000 | 576,000,000 | -241,000,000 | -33,000,000 | -57,000,000 | 128,000,000 | 30,000,000 | -89,000,000 | -46,000,000 | -385,000,000 | 349,000,000 | 1,159,000,000 | -4,000,000 | 22,000,000 | 68,000,000 | |||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 986,000,000 | 300,000,000 | 390,000,000 | 0 | 0 | 0 | 367,000,000 | 0 | 408,000,000 | 1,201,000,000 | 1,048,000,000 | 0 | 623,000,000 | |||||||||||||||
cash and cash equivalents, end of period | -508,000,000 | 576,000,000 | 745,000,000 | 267,000,000 | 333,000,000 | 128,000,000 | 30,000,000 | -89,000,000 | 321,000,000 | -385,000,000 | 757,000,000 | 2,360,000,000 | 1,044,000,000 | 22,000,000 | 691,000,000 | 62,000,000 | ||||||||||||||
equity in earnings of equity method investee companies, net of cash distributions | 34,000,000 | 3,000,000 | ||||||||||||||||||||||||||||
borrowings from debt, net of discount and including premiums | 659,000,000 | |||||||||||||||||||||||||||||
cash prepayments for common stock repurchase contracts | ||||||||||||||||||||||||||||||
payments for investments | -34,000,000 | -188,000,000 | ||||||||||||||||||||||||||||
principal repayments of debt, including discount payment and premiums to par value | -453,000,000 | -650,000,000 | ||||||||||||||||||||||||||||
content amortization and impairment expense | 458,000,000 | 441,000,000 | 466,000,000 | 417,000,000 | 419,000,000 | 407,000,000 | 355,000,000 | 350,000,000 | 231,000,000 | 207,000,000 | ||||||||||||||||||||
equity in losses of investee companies, net of cash distributions | 54,000,000 | |||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
content rights | -474,000,000 | -488,000,000 | -387,000,000 | -512,000,000 | -429,000,000 | -445,000,000 | -415,000,000 | -391,000,000 | -301,000,000 | -226,000,000 | ||||||||||||||||||||
share-based compensation liabilities | -1,000,000 | |||||||||||||||||||||||||||||
income taxes receivable and prepaid income taxes | 48,000,000 | 28,000,000 | 72,000,000 | |||||||||||||||||||||||||||
distributions from equity method investees | 5,000,000 | 15,000,000 | 20,000,000 | 18,000,000 | 34,000,000 | 15,000,000 | 25,000,000 | 16,000,000 | ||||||||||||||||||||||
commercial paper borrowings (repayments) | 54,000,000 | |||||||||||||||||||||||||||||
principal repayments of capital lease obligations | -13,000,000 | -12,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | -12,000,000 | -5,000,000 | -4,000,000 | -11,000,000 | -10,000,000 | -2,000,000 | -3,000,000 | -2,000,000 | |||||||||||||||||
cash settlement of common stock repurchase contracts | 58,000,000 | |||||||||||||||||||||||||||||
distributions to redeemable noncontrolling interests | -3,000,000 | -2,000,000 | ||||||||||||||||||||||||||||
share-based plan payments | -8,000,000 | |||||||||||||||||||||||||||||
equity-based compensation expense | 24,000,000 | 19,000,000 | -9,000,000 | 23,000,000 | 2,000,000 | 14,000,000 | 19,000,000 | 60,000,000 | 41,000,000 | |||||||||||||||||||||
remeasurement gain on previously held equity interests | ||||||||||||||||||||||||||||||
realized loss from derivative instruments | -6,000,000 | |||||||||||||||||||||||||||||
other-than-temporary impairment of afs investments | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of business combinations: | ||||||||||||||||||||||||||||||
equity-based compensation liabilities | -5,000,000 | 0 | 0 | 0 | -25,000,000 | 0 | -81,000,000 | -59,000,000 | -24,000,000 | |||||||||||||||||||||
payments for derivative instruments | 2,000,000 | 0 | 0 | -11,000,000 | ||||||||||||||||||||||||||
commercial paper (repayments) borrowings | -93,000,000 | 4,000,000 | ||||||||||||||||||||||||||||
borrowings from debt, net of discount | 498,000,000 | 0 | 0 | 0 | 936,000,000 | |||||||||||||||||||||||||
principal repayments of debt | 0 | 0 | 0 | -849,000,000 | ||||||||||||||||||||||||||
repurchases of stock and stock settlements of common stock repurchase contracts | ||||||||||||||||||||||||||||||
prepayments for outstanding common stock repurchase contracts | ||||||||||||||||||||||||||||||
equity-based plan proceeds | 15,000,000 | 2,000,000 | ||||||||||||||||||||||||||||
hedge of borrowings from debt instruments | 0 | 0 | 0 | -29,000,000 | ||||||||||||||||||||||||||
equity in earnings of investee companies, net of cash distributions | 9,000,000 | -1,000,000 | 15,000,000 | -7,000,000 | 1,000,000 | |||||||||||||||||||||||||
investments in equity method investees | 4,000,000 | -35,000,000 | 1,000,000 | -1,000,000 | -26,000,000 | |||||||||||||||||||||||||
investments in cost method investments | -4,000,000 | 0 | ||||||||||||||||||||||||||||
equity-based plan payments | -5,000,000 | |||||||||||||||||||||||||||||
investments in available-for-sale and cost method investments | ||||||||||||||||||||||||||||||
payments to redeemable noncontrolling interests | ||||||||||||||||||||||||||||||
proceeds from disposition, net of cash disposed | 0 | |||||||||||||||||||||||||||||
cash distributions to redeemable noncontrolling interests | -2,000,000 | |||||||||||||||||||||||||||||
deferred income tax benefit | -56,000,000 | -48,000,000 | ||||||||||||||||||||||||||||
income tax receivable | 7,000,000 | 3,000,000 | 1,000,000 | 53,000,000 | -62,000,000 | 20,000,000 | ||||||||||||||||||||||||
launch amortization expense | 4,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||
cash payments for equity-based plans | -17,000,000 | |||||||||||||||||||||||||||||
deferred income tax expense | -38,000,000 | -35,000,000 | 134,000,000 | |||||||||||||||||||||||||||
loss from hedging instruments | ||||||||||||||||||||||||||||||
hedging instruments | ||||||||||||||||||||||||||||||
proceeds from disposition | ||||||||||||||||||||||||||||||
commercial paper | ||||||||||||||||||||||||||||||
repurchases of common stock | -503,000,000 | -266,000,000 | -288,000,000 | |||||||||||||||||||||||||||
repurchases of preferred stock | 256,000,000 | |||||||||||||||||||||||||||||
cash proceeds from equity-based plans | ||||||||||||||||||||||||||||||
equity in losses and distributions from investments | -11,000,000 | |||||||||||||||||||||||||||||
returns from (investments in) equity method investees | 1,000,000 | |||||||||||||||||||||||||||||
equity in losses and distributions from investee companies | 4,000,000 | 58,000,000 | ||||||||||||||||||||||||||||
investments in foreign exchange contracts | -39,000,000 | |||||||||||||||||||||||||||||
investments in and advances to equity method investees | -25,000,000 | -38,000,000 | ||||||||||||||||||||||||||||
tax settlements associated with equity-based plans | -22,000,000 | |||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with equity-based plans | 16,000,000 | |||||||||||||||||||||||||||||
excess tax benefits from equity-based compensation | 13,000,000 | 30,000,000 | ||||||||||||||||||||||||||||
business acquisition, net of cash acquired | -60,000,000 | |||||||||||||||||||||||||||||
distribution from equity method investee | ||||||||||||||||||||||||||||||
borrowings from long term debt, net of discount and issuance costs | 1,186,000,000 | |||||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||
cash paid for taxes | -63,000,000 | 223,000,000 | -45,000,000 | |||||||||||||||||||||||||||
cash paid for interest | -29,000,000 | -16,000,000 | -68,000,000 | |||||||||||||||||||||||||||
noncash investing and financing transactions | ||||||||||||||||||||||||||||||
investment in own | 6,000,000 | |||||||||||||||||||||||||||||
distribution from equity method investees | 17,000,000 | |||||||||||||||||||||||||||||
cash distributions to noncontrolling interests | ||||||||||||||||||||||||||||||
proceeds from stock option exercises | 57,000,000 | 6,000,000 | 9,000,000 | |||||||||||||||||||||||||||
cash received for taxes | -38,000,000 | |||||||||||||||||||||||||||||
content expense | ||||||||||||||||||||||||||||||
intangible impairment charges | ||||||||||||||||||||||||||||||
stock-based compensation | ||||||||||||||||||||||||||||||
gains on dispositions | ||||||||||||||||||||||||||||||
noncash portion of loss on extinguishment of debt | ||||||||||||||||||||||||||||||
other noncash expenses | 26,000,000 | 17,000,000 | 8,000,000 | |||||||||||||||||||||||||||
stock-based compensation liabilities | -74,000,000 | -49,000,000 | ||||||||||||||||||||||||||||
proceeds from dispositions | ||||||||||||||||||||||||||||||
borrowings from long-term debt, net of discount and issuance costs | ||||||||||||||||||||||||||||||
principal repayments of long-term debt | -2,878,000,000 | -5,000,000 | -489,000,000 | |||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | ||||||||||||||||||||||||||||||
stock-based compensation expense | 50,000,000 | 44,000,000 | ||||||||||||||||||||||||||||
impairment charges | ||||||||||||||||||||||||||||||
gains on sales of investments | ||||||||||||||||||||||||||||||
net cash acquired from discovery formation | ||||||||||||||||||||||||||||||
ascent media corporation spin-off | ||||||||||||||||||||||||||||||
net repayments of revolver loans | ||||||||||||||||||||||||||||||
repurchases of common and preferred stock | ||||||||||||||||||||||||||||||
purchase of noncontrolling interests | ||||||||||||||||||||||||||||||
cash paid for interest, net: | ||||||||||||||||||||||||||||||
periodic interest payments for debt, interest rate swaps and capital lease obligations | ||||||||||||||||||||||||||||||
make-whole premiums | ||||||||||||||||||||||||||||||
interest rate swap termination payments | ||||||||||||||||||||||||||||||
repayment of original issue discount on long-term debt | ||||||||||||||||||||||||||||||
total cash paid for interest | ||||||||||||||||||||||||||||||
assets acquired under capital lease arrangements | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||
stock dividends to preferred interests | ||||||||||||||||||||||||||||||
content amortization | 165,000,000 | 185,000,000 | ||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||
noncash transactions: | ||||||||||||||||||||||||||||||
purchases of content | -170,000,000 | |||||||||||||||||||||||||||||
net borrowings from revolver loans | ||||||||||||||||||||||||||||||
cash distributions to noncontrolling interest | -2,000,000 | |||||||||||||||||||||||||||||
asset impairments | 0 | |||||||||||||||||||||||||||||
gains on business dispositions | ||||||||||||||||||||||||||||||
gains on asset dispositions | ||||||||||||||||||||||||||||||
gain on sale of securities | 0 | |||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of discontinued operations: | ||||||||||||||||||||||||||||||
net cash acquired from newhouse transaction | ||||||||||||||||||||||||||||||
proceeds from business dispositions | ||||||||||||||||||||||||||||||
proceeds from sales of securities | 0 | |||||||||||||||||||||||||||||
cash distribution to non-controlling interest | -1,000,000 | |||||||||||||||||||||||||||||
change in cash and cash equivalents | 62,000,000 | |||||||||||||||||||||||||||||
cash and cash equivalents of continuing operations, beginning of period | 0 | |||||||||||||||||||||||||||||
cash and cash equivalents of discontinued operations, beginning of period | ||||||||||||||||||||||||||||||
gain on business disposition | ||||||||||||||||||||||||||||||
proceeds from business disposition | ||||||||||||||||||||||||||||||
net (repayments of) borrowings from revolver loans | ||||||||||||||||||||||||||||||
borrowings from long-term debt, net of discount and debt issuance costs | ||||||||||||||||||||||||||||||
share-based compensation | ||||||||||||||||||||||||||||||
equity in earnings of discovery communications holding, llc | ||||||||||||||||||||||||||||||
equity in loss of unconsolidated affiliates | ||||||||||||||||||||||||||||||
minority interests in consolidated subsidiaries, net of tax | ||||||||||||||||||||||||||||||
other charges | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of ascent media corporation spin-off: | ||||||||||||||||||||||||||||||
accounts receivable | ||||||||||||||||||||||||||||||
acquisition of property and equipment | ||||||||||||||||||||||||||||||
proceeds from sale of securities | ||||||||||||||||||||||||||||||
net repayments on revolver loan | ||||||||||||||||||||||||||||||
principal payments of long-term debt | ||||||||||||||||||||||||||||||
payments of capital leases | ||||||||||||||||||||||||||||||
net cash from option exercises |