Common-Size Balance Sheet: Assets
Warner Bros. Discovery Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets experienced a significant decline from 32.41% in 2017 to 3.03% in 2018. Subsequently, it showed a gradual increase, reaching 11.34% by 2021, indicating improved liquidity after a steep drop.
- Receivables, Net
- This item remained relatively stable as a percentage of total assets, with a slight downward trend from 8.15% in 2017 to 7.1% in 2021, suggesting a consistent level of receivables over the period.
- Content Rights and Prepaid License Fees, Net
- There was a decrease in this asset category from 1.82% in 2017 to 0.71% in 2021, with fluctuations in between. This trend shows a reduction in capital tied up in content rights and prepaid licenses over time.
- Prepaid Expenses and Other Current Assets
- The share of prepaid expenses and other current assets declined in 2018 to 0.96% from 1.92% in 2017, then increased to a peak of 2.85% in 2020 before falling back to 1.94% in 2021, indicating some volatility but no clear long-term trend.
- Current Assets
- Current assets as a percent of total assets dropped sharply from 44.3% in 2017 to only 13% in 2018, followed by a gradual increase reaching 21.1% in 2021. This suggests a material shift from current to noncurrent assets starting in 2018 with a partial reversal thereafter.
- Noncurrent Content Rights, Net
- The noncurrent content rights asset showed a steady increase over the period, growing from 9.81% in 2017 to 11.13% in 2021, reflecting an increasing investment in long-term content assets.
- Property and Equipment, Net
- Property and equipment as a percentage of total assets rose modestly over time from 2.65% in 2017 to 3.88% in 2021, indicating an incremental growth in fixed assets.
- Goodwill
- Goodwill represented a sizeable component of total assets, increasing from 31.36% in 2017 to a peak of 39.96% in 2018, then slowly declining to 37.51% in 2021. This pattern may reflect acquisition activity followed by amortization or impairment adjustments.
- Intangible Assets, Net
- The share of intangible assets as a percentage of total assets increased sharply from 7.85% in 2017 to 29.72% in 2018, then consistently decreased to 18.35% by 2021. This volatility suggests major changes in intangible asset valuation or composition.
- Equity Method Investments
- Equity method investments showed minor fluctuations, rising from 1.49% in 2017 to 2.87% in 2018, then falling to 1.49% in 2020 before a slight increase to 1.58% in 2021, remaining a small part of total assets overall.
- Other Noncurrent Assets
- Other noncurrent assets maintained a relatively stable percentage, rising marginally from 2.55% in 2017 to 6.46% in 2021, with a notable increase between 2019 and 2021, indicating incremental investments or reclassifications in other long-term items.
- Noncurrent Assets
- There was a substantial increase in noncurrent assets as a percentage of total assets, soaring from 55.7% in 2017 to 87% in 2018. This share then gradually declined to 78.9% by 2021, showing a structural shift towards long-term assets primarily after 2017.
- Total Assets
- Total assets are consistently represented as 100% for each year, serving as the baseline for other percentage calculations.
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