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 Income Statement

Warner Bros. Discovery Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Advertising 50.98 52.32 54.24 52.25 44.71
Distribution 44.37 45.60 43.39 43.00 50.55
Other 4.65 2.08 2.38 4.75 4.74
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of revenues, excluding depreciation and amortization -37.90 -36.17 -34.27 -37.29 -38.64
Gross profit 62.10% 63.83% 65.73% 62.71% 61.36%
Selling, general and administrative -32.94 -25.51 -25.02 -24.83 -25.72
Depreciation and amortization -12.98 -12.74 -12.09 -13.25 -4.80
Impairment of goodwill and other intangible assets 0.00 -1.16 -1.39 0.00 -19.31
Restructuring and other charges -0.26 -0.85 -0.23 -7.11 -1.09
Gain (loss) on disposition 0.58 0.00 0.00 0.80 -0.06
Operating income 16.50% 23.57% 27.00% 18.33% 10.37%
Interest expense, net -5.19 -6.07 -6.08 -6.91 -6.91
Loss on extinguishment of debt -0.08 -0.71 -0.25 0.00 -0.79
Loss from equity investees, net -0.15 -0.98 -0.02 -0.60 -3.07
Foreign currency gains (losses), net 0.76 -1.08 0.15 -0.88 -1.21
Gains (losses) on derivative instruments, net -0.27 0.27 -0.47 0.47 -1.19
Interest income 0.15 0.09 0.20 0.14 0.31
Gain on sale of investment with readily determinable fair value 0.12 0.95 0.00 0.00 0.00
Change in the value of equity investments without readily determinable fair value -0.11 0.00 0.00 0.00 0.00
Change in the value of investments with readily determinable fair value -0.05 0.26 -0.23 -0.83 0.00
Expenses from debt modification 0.00 -0.10 0.00 0.00 0.00
Other income, net 0.07 0.00 0.28 -0.04 0.49
Other income (expense), net 0.67% 0.39% -0.07% -1.14% -1.60%
Income (loss) before income taxes 11.75% 16.19% 20.59% 9.68% -1.99%
Income tax expense -1.94 -3.50 -0.73 -3.23 -2.56
Net income (loss) 9.82% 12.70% 19.86% 6.45% -4.55%
Net income attributable to noncontrolling interests and redeemable noncontrolling interests -1.57 -1.27 -1.29 -0.82 -0.35
Net income (loss) available to Discovery, Inc. 8.25% 11.42% 18.57% 5.63% -4.90%

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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Warner Bros. Discovery Inc. operating income as a percentage of revenues decreased from 2019 to 2020 and from 2020 to 2021.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Warner Bros. Discovery Inc. income (loss) before income taxes as a percentage of revenues decreased from 2019 to 2020 and from 2020 to 2021.
Net income (loss) available to Discovery, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Warner Bros. Discovery Inc. net income (loss) available to Discovery, Inc. as a percentage of revenues decreased from 2019 to 2020 and from 2020 to 2021.