Stock Analysis on Net
Stock Analysis on Net

Warner Bros. Discovery Inc. (NASDAQ:WBD)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 4, 2022.

Common-Size Balance Sheet: Assets

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Warner Bros. Discovery Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Receivables, net
Content rights and prepaid license fees, net
Prepaid expenses and other current assets
Current assets
Noncurrent content rights, net
Property and equipment, net
Goodwill
Intangible assets, net
Equity method investments
Other noncurrent assets
Noncurrent assets
Total 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.