Stock Analysis on Net
Stock Analysis on Net

Warner Bros. Discovery Inc. (NASDAQ:WBD)

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

Common-Size Balance Sheet: Assets 
Quarterly Data

Warner Bros. Discovery Inc., common-size consolidated balance sheet: assets (quarterly data)

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Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 1.78 1.81 12.31 11.34 9.08 8.20 5.97 6.13 5.66 5.09 4.35 4.60 2.48 3.90 2.30 3.03 1.61 1.17 2.34 32.41 30.22 1.28 1.68
Receivables, net 4.90 4.96 7.18 7.10 7.17 7.69 7.36 7.44 7.31 7.47 7.68 7.80 8.21 8.43 8.09 8.05 7.83 8.20 7.66 8.15 7.14 10.89 9.83
Prepaid expenses and other current assets 2.63 4.10 1.73 2.65 3.14 3.58 4.11 4.41 3.41 1.70 1.82 3.06 2.45 2.24 2.02 1.92 2.45 2.29 3.04 3.74 3.59 4.99 4.82
Current assets 9.31% 10.86% 21.22% 21.10% 19.40% 19.46% 17.44% 17.98% 16.38% 14.26% 13.85% 15.46% 13.14% 14.57% 12.41% 13.00% 11.89% 11.66% 13.04% 44.30% 40.95% 17.15% 16.33%
Film and television content rights and games, net 20.79 21.18 11.44 11.13 10.75 10.43 10.32 10.09 9.80 10.70 11.25 9.28 9.43 9.63 9.55 9.43 9.46 9.73 9.59 9.81 9.05 12.82 12.85
Property and equipment, net 3.78 3.93 3.93 3.88 3.82 3.58 3.54 3.54 3.36 3.29 3.11 2.82 2.61 2.45 2.47 2.46 2.46 2.34 2.68 2.65 2.26 3.18 3.18
Assets held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.00 0.00 0.00 0.00
Goodwill 25.32 24.10 38.08 37.51 37.76 37.64 38.58 38.34 39.03 39.25 38.83 38.68 39.53 39.07 40.18 39.96 39.92 39.17 37.80 31.36 35.61 50.30 50.92
Intangible assets, net 34.36 34.25 17.38 18.35 19.77 20.46 21.78 22.41 23.52 24.45 24.95 25.69 27.05 27.10 28.87 29.72 30.51 30.96 31.23 7.85 6.65 9.17 9.39
Other noncurrent assets 6.43 5.68 7.95 8.03 8.52 8.42 8.34 7.63 7.90 8.06 8.00 8.07 8.24 7.19 6.52 5.44 5.75 5.94 5.65 4.04 5.47 7.38 7.33
Noncurrent assets 90.69% 89.14% 78.78% 78.90% 80.60% 80.54% 82.56% 82.02% 83.62% 85.74% 86.15% 84.54% 86.86% 85.43% 87.59% 87.00% 88.11% 88.34% 86.96% 55.70% 59.05% 82.85% 83.67%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited considerable volatility over the observed periods. It surged significantly in late 2017, reaching over 30%, and then declined sharply to lower single-digit percentages in subsequent years. A notable upward trend resumed starting in early 2020 and peaked at over 12% by the first quarter of 2022, followed by a sudden decrease to below 2% in mid-2022.
Receivables, Net
Receivables as a percentage of total assets generally stayed within a narrow range, fluctuating between approximately 4.9% and 10.9%. A gradual decline can be observed from around 9.8% in early 2017 to roughly 4.9% in late 2022, indicating a downward trend in receivables relative to total asset size.
Prepaid Expenses and Other Current Assets
These current assets showed some variability, with values mostly between 1.7% and 4.8% of total assets. There were periods of increase, notably in late 2020 with a peak around 4.4%, followed by moderate declines and fluctuations around 2.6% by the end of the latest period.
Current Assets
The share of current assets displayed significant variation, peaking considerably at over 44% in late 2017 and then declining to around 10% by mid-to-late 2022. After the peak in 2017, the proportion mostly trended downward with some intermittent increases, suggesting shifting asset composition away from current assets over time.
Film and Television Content Rights and Games, Net
This category remained relatively stable in the single-digit range around 9% to 11% through 2017 to early 2022, with a marked increase to above 20% in the last two reported quarters, indicating a substantial recent increase in investment or capital allocation to content rights and games.
Property and Equipment, Net
Property and equipment consistently accounted for a small and stable part of total assets, mostly fluctuating between approximately 2.2% and 3.9%, with a slight upward trend over time.
Goodwill
The goodwill component of total assets experienced a substantial decrease from early 2017 high levels above 50% to values around 25% in the latest periods. The decline was especially notable after 2021, reflecting possible impairments or asset reclassifications.
Intangible Assets, Net
Intangible assets showed considerable fluctuations, most significantly a sharp increase from 7-9% in 2017 to over 30% during 2018-2019, followed by a gradual decline down to approximately 17% by early 2022. Subsequently, a sharp rebound to over 34% was noted in the latest quarters, suggesting revaluation or acquisition of new intangible assets.
Other Noncurrent Assets
Other noncurrent assets accounted for a moderate portion of total assets, varying primarily between 4% and 8%, with some increasing trend observed until 2021 followed by a decline in the latest periods.
Noncurrent Assets
Noncurrent assets comprised the majority of total assets throughout the period, consistently around 79% to 89%, except for a notable dip to about 55-60% in late 2017, coinciding with the increase in current assets at that time. The general trend points to a predominantly long-term asset base, with some fluctuations correlating with movements in other asset categories.