← Warner Bros. Discovery, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.2b
($337.0m) -128.22%
$594.0m +276.26%
$2.1b +248.32%
$1.2b -41.08%
$1.0b -17.47%
($7.4b) -832.70%
($3.1b) +57.59%
($11.3b) -261.84%
$727.0m +106.43%
—
Net Income (Loss) Available to Common Stockholders, Basic $916.0m
($296.0m) -132.31%
$529.0m +278.72%
$1.8b +248.77%
$1.1b -40.87%
$912.0m -16.41%
($7.4b) -913.60%
($3.1b) +57.87%
($11.3b) -261.93%
$728.0m +106.43%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.2b ($313.0m) $681.0m $2.2b $1.4b $1.2b ($7.3b) ($3.1b) ($11.5b) $749.0m —
Amortization of Intangible Assets $183.0m $180.0m $1.2b $1.1b $1.1b $1.3b $6.2b $6.9b $5.9b $4.6b —
Content rights amortization and impairment $1.8b $1.9b $3.3b $2.9b $3.0b $3.5b $14.2b $16.0b $13.9b $11.9b —
Depreciation $322.0m $330.0m $1.4b $207.0m $267.0m $311.0m $957.0m $1.1b $1.1b $1.1b $5.1b
Depreciation, Depletion and Amortization $322.0m $330.0m $1.4b $1.3b $1.4b $1.6b $7.2b $8.0b $7.0b $5.7b $15.1b
Deferred Income Tax Expense (Benefit) ($27.0m) ($199.0m) ($131.0m) ($504.0m) ($186.0m) ($511.0m) ($2.8b) ($2.3b) ($1.7b) ($710.0m) ($1.1b)
Payment, Tax Withholding, Share-based Payment Arrangement $11.0m $30.0m $18.0m — — — — — — — —
Share-based Payment Arrangement, Expense $69.0m $39.0m $80.0m $142.0m $110.0m $178.0m $412.0m $500.0m $557.0m $769.0m $813.0m
Share-based Payment Arrangement, Noncash Expense $69.0m $39.0m $80.0m $142.0m $110.0m $178.0m $412.0m $500.0m $557.0m $769.0m $813.0m
Share-based compensation expense $69.0m $39.0m $80.0m $142.0m $110.0m $178.0m $412.0m $500.0m $557.0m $769.0m $813.0m
Content restructuring impairments and write-offs — — — — $0 $0 $2.8b $115.0m $165.0m $0 —
Equity Method Investment, Other than Temporary Impairment — — $29.0m $4.0m $8.0m — — — — — —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — — $27.0m $17.0m —
Goodwill and Intangible Asset Impairment — — — — $124.0m $0 — — — — —
Goodwill, Impairment Loss $0 $1.3b $0 $155.0m $121.0m — $0 — $9.1b — $146.0m
Impairments and loss on dispositions — — — — — ($71.0m) $116.0m $0 $9.6b $172.0m —
Restructuring Costs and Asset Impairment Charges $58.0m $75.0m $750.0m $26.0m $91.0m $32.0m $2.8b $115.0m $165.0m $0 —
Equity Method Investment, Realized Gain (Loss) on Disposal — — — $13.0m $2.0m — $195.0m $0 $194.0m $0 —
Equity in losses of equity method investee companies and cash distributions $44.0m $223.0m $138.0m $62.0m $167.0m $63.0m $211.0m $157.0m $167.0m $75.0m —
Income (Loss) from Equity Method Investments ($38.0m) ($211.0m) ($63.0m) ($2.0m) ($105.0m) ($18.0m) ($160.0m) ($82.0m) ($121.0m) ($24.0m) —
Investments in and advances to equity investments $272.0m $444.0m ($61.0m) ($254.0m) ($181.0m) ($184.0m) ($168.0m) ($112.0m) ($109.0m) ($100.0m) —
Other Nonoperating Income (Expense) $4.0m ($110.0m) ($120.0m) ($8.0m) $42.0m $82.0m $347.0m ($12.0m) $150.0m $65.0m —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($44.0m) ($223.0m) ($138.0m) ($62.0m) ($167.0m) ($63.0m) ($211.0m) ($157.0m) ($167.0m) ($75.0m) —
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $30.0m — — — — — $402.0m
Receivables, net ($25.0m) ($258.0m) ($84.0m) ($7.0m) $105.0m $47.0m $181.0m $312.0m $1.0b ($336.0m) —
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities ($12.0m) $265.0m ($74.0m) $122.0m ($131.0m) $185.0m $1.5b ($820.0m) ($529.0m) $108.0m ($584.0m)
Film and television content rights, games and production payables, net — — — — — ($3.4b) ($12.6b) ($12.3b) ($12.3b) ($11.4b) —
Foreign currency, prepaid expenses and other assets, net ($101.0m) $25.0m $49.0m ($32.0m) ($20.0m) ($88.0m) ($130.0m) $824.0m ($260.0m) $327.0m —
Net Cash Provided by (Used in) Operating Activities $1.4b
$1.6b +18.65%
$2.6b +58.13%
$3.4b +31.95%
$2.7b -19.42%
$2.8b +2.15%
$4.3b +53.82%
$7.5b +73.72%
$5.4b -28.11%
$4.3b -19.65%
$3.4b -20.75%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment $63.0m ($4.0m) $84.0m $0 ($2.0m) $71.0m — — — — $89.0m
Payments to Acquire Property, Plant, and Equipment $88.0m $135.0m $147.0m $289.0m $402.0m $373.0m $987.0m $1.3b $948.0m $1.2b ($1.2b)
Gain (Loss) on Investments — — ($88.0m) ($26.0m) $28.0m ($6.0m) ($105.0m) $37.0m ($1.0m) $10.0m ($46.0m)
Gain (Loss) on Sale of Investments — — $0 ($10.0m) $103.0m $19.0m $199.0m $0 $227.0m $4.0m —
Gain on sale of investments — — $0 ($10.0m) ($103.0m) ($19.0m) ($199.0m) $0 ($227.0m) ($4.0m) —
Payments to Acquire Investments $272.0m — $61.0m — — — — — — — —
Proceeds from sales and maturities of investments — $0 $0 $125.0m $69.0m $599.0m $306.0m $0 $541.0m $54.0m —
Cash used for business acquisitions $0 ($60.0m) ($8.6b) ($73.0m) ($39.0m) ($2.0m) $3.6b ($50.0m) $0 $0 —
Payments to Acquire Businesses, Net of Cash Acquired $0 $60.0m $8.6b $73.0m $39.0m $2.0m — $50.0m $0 $0 ($99.0m)
Other investing activities, net ($2.0m) $1.0m $6.0m ($5.0m) $100.0m $93.0m $9.0m $98.0m $31.0m $72.0m —
Payments for (Proceeds from) Other Investing Activities $2.0m ($1.0m) ($6.0m) $5.0m ($100.0m) ($93.0m) ($9.0m) ($98.0m) ($31.0m) ($72.0m) —
Cash used in investing activities ($256.0m) ($633.0m) ($8.6b) ($438.0m) ($703.0m) ($56.0m) $3.5b ($1.3b) ($349.0m) ($1.2b) —
Net Cash Provided by (Used in) Investing Activities ($256.0m) ($633.0m) ($8.6b) ($438.0m) ($703.0m) ($56.0m) $3.5b ($1.3b) ($349.0m) ($1.2b) ($1.2b)
Cash flows from financing activities:
Borrowings from debt, net of discount and issuance costs $498.0m $7.5b $0 $1.5b $2.0b $0 $0 $1.5b $1.6b $18.3b —
Borrowings under commercial paper program and revolving credit facility — — — — $0 $0 $2.3b $3.9b $14.2b $4.2b —
Gain (Loss) on Extinguishment of Debt $0 ($54.0m) $0 ($28.0m) ($76.0m) ($10.0m) $0 $17.0m $632.0m $2.9b —
Gain on extinguishment of debt $0 $54.0m $0 $28.0m $76.0m $10.0m $0 ($17.0m) ($632.0m) ($2.9b) —
Principal repayments of debt, including premiums and discounts to par value $0 ($650.0m) ($16.0m) ($2.7b) ($2.2b) ($574.0m) ($1.3b) ($2.9b) ($5.0b) ($22.7b) —
Proceeds from Issuance of Long-term Debt $498.0m $7.5b $0 $1.5b $2.0b $0 $0 $1.5b $1.6b $18.3b $14.8b
Repayments under commercial paper program and revolving credit facility — — — — $0 $0 ($2.3b) ($3.9b) ($14.2b) ($4.2b) —
Payments for Repurchase of Common Stock — — $0 — — — — — — — —
Other financing activities, net ($13.0m) ($82.0m) ($12.0m) $6.0m ($112.0m) ($28.0m) ($125.0m) ($116.0m) ($130.0m) ($115.0m) —
Proceeds from (Payments for) Other Financing Activities ($13.0m) ($82.0m) ($12.0m) $6.0m ($112.0m) ($28.0m) ($125.0m) ($116.0m) ($130.0m) ($115.0m) —
Cash used in financing activities ($1.2b)
$6.0b +605.61%
($283.0m) -104.76%
($2.4b) -732.86%
($1.5b) +34.28%
($853.0m) +44.93%
($7.7b) -807.62%
($5.8b) +24.61%
($3.7b) +35.77%
($4.2b) -13.10%
—
Net Cash Provided by (Used in) Financing Activities ($1.2b)
$6.0b +605.61%
($283.0m) -104.76%
($2.4b) -732.86%
($1.5b) +34.28%
($853.0m) +44.93%
($7.7b) -807.62%
($5.8b) +24.61%
($3.7b) +35.77%
($4.2b) -13.10%
($3.6b) +14.46%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $62.0m ($23.0m) $566.0m $570.0m $1.8b $25.0m $389.0m $1.1b ($846.0m) $3.4b
Cash, cash equivalents, and restricted cash, beginning of period — $7.3b $986.0m $1.6b $2.1b $3.9b $3.9b $4.3b $5.4b $4.6b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $62.0m ($23.0m) $1.6b $2.1b $3.9b $3.9b $4.3b $5.4b $4.6b $3.4b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $62.0m ($23.0m) ($38.0m) $83.0m ($106.0m) ($61.0m) $8.0m ($180.0m) $254.0m ($67.0m)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash — $62.0m ($23.0m) ($38.0m) $83.0m ($106.0m) ($61.0m) $8.0m ($180.0m) $254.0m ($67.0m)
Net change in cash, cash equivalents, and restricted cash — $7.0b ($6.3b) $566.0m $570.0m $1.8b $25.0m $389.0m $1.1b ($846.0m) —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Derivative, Gain (Loss) on Derivative, Net ($3.0m) ($98.0m) $50.0m ($52.0m) $36.0m — $501.0m $151.0m $16.0m $93.0m —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $63.0m ($4.0m) $84.0m $0 $0 $71.0m — — — — —
Distributions to noncontrolling interests and redeemable noncontrolling interests ($22.0m) ($30.0m) ($76.0m) ($250.0m) ($254.0m) ($251.0m) ($300.0m) ($301.0m) ($193.0m) ($198.0m) —
Equity Securities, FV-NI, Gain (Loss) — — — — $129.0m $9.0m ($78.0m) — — — —
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $101.0m $15.0m $0 $0 — — —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — $28.0m ($6.0m) ($78.0m) — — — —
Foreign Currency Transaction Gain (Loss), before Tax $75.0m ($83.0m) ($93.0m) $17.0m ($115.0m) $93.0m ($150.0m) ($173.0m) ($323.0m) $8.0m —
Gain (Loss) on Sale of Derivatives — — $0 $14.0m — — — — — — —
Gain from derivative instruments, net $3.0m $98.0m ($15.0m) $48.0m ($36.0m) $49.0m ($501.0m) ($151.0m) ($16.0m) ($93.0m) —
Goodwill $8.0b $7.1b $13.0b $13.1b $13.1b $12.9b $34.4b $35.0b $25.7b $25.9b $146.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.2b ($313.0m) — — — — — — — — —
Income Tax Expense (Benefit) $453.0m $176.0m $341.0m $81.0m $373.0m $236.0m ($1.7b) ($784.0m) $94.0m $890.0m —
Income Taxes Paid, Net $527.0m $274.0m $389.0m $562.0m $641.0m $643.0m $1.0b $1.4b $1.1b $1.9b —
Interest Expense Nonoperating — — — — — — — — $2.0b $2.1b —
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $740.0m — — — — — — — —
Other, net $50.0m $85.0m $141.0m $42.0m $14.0m $105.0m $435.0m $259.0m $115.0m $69.0m —
Payments of Financing Costs — $40.0m $0 — — — — — — — —
Principal repayments of finance and other lease obligations — — — — — — — $132.0m $142.0m $202.0m —
Principal repayments of term loans $0 $0 ($2.0b) $0 $0 $0 ($6.0b) ($4.0b) $0 $0 —
Proceeds for noncontrolling interest in joint venture — — — — — — — $0 $0 $633.0m —
Proceeds from Stock Options Exercised $46.0m $42.0m $68.0m $17.0m $8.0m $159.0m $1.0m $0 $0 $30.0m —
Proceeds from derivative instruments, net $0 ($101.0m) ($2.0m) $54.0m $85.0m ($86.0m) $752.0m $121.0m $136.0m $26.0m —
Purchase of redeemable noncontrolling interest $0 $0 — — — $0 $0 ($49.0m) $0 $0 —
Supplemental disclosure of cash flow information:
Unrealized Gain (Loss) on Derivatives — — — ($62.0m) — — — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.