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: Liabilities and Stockholders’ Equity
Quarterly Data

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Warner Bros. Discovery Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Accounts payable
Accrued liabilities
Deferred revenues
Current portion of debt
Current liabilities
Noncurrent portion of debt, net
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interests
Series A common stock: $0.01 par value
Preferred stock: $0.01 par value
Discovery Series A-1 convertible preferred stock: $0.01 par value
Discovery Series C-1 convertible preferred stock: $0.01 par value
Discovery Series A common stock: $0.01 par value
Discovery Series B convertible common stock: $0.01 par value
Discovery Series C common stock: $0.01 par value
Additional paid-in capital
Treasury stock, at cost
Retained earnings
Accumulated other comprehensive loss
Total Warner Bros. Discovery, Inc. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Current Liabilities
Current liabilities as a percentage of total liabilities and equity exhibit some volatility over the analyzed periods, generally fluctuating between approximately 7% and 12%. A notable peak is observed in the fourth quarter of 2018 at 12.28%, with levels gradually stabilizing around 10-11% in more recent quarters. The current portion of debt shows sporadic spikes, particularly in mid-2018 with a high of 5.71%, followed by a decline and subsequent minor fluctuations under 2.5%, suggesting variable short-term financing activities.
Noncurrent Liabilities and Debt
The noncurrent portion of debt shows a clear declining trend from a peak exceeding 65% in late 2017 to below 36% in the most recent quarter. Correspondingly, total noncurrent liabilities also fall, descending from near 69% to just above 52%, indicating a reduction in long-term obligations relative to the overall capital structure. This may suggest gradual debt repayment or refinancing strategies to optimize debt maturities. Deferred income taxes maintain a relatively stable share around 4-5%, though with a brief spike to over 9% in mid-2022, which could reflect tax timing differences or adjustments in deferred tax assets/liabilities.
Other Liabilities
Accrued liabilities remain a consistent component of total liabilities, generally ranging from 4.4% to 7.5%, with a slight upward trend towards the latest quarters, potentially reflecting increased accruals for expenses. Deferred revenues fluctuate mostly between 0.7% and 2.3%, peaking in late 2021, which may indicate changes in unearned income recognition. Other noncurrent liabilities increase steadily, growing from about 2.2% to over 7.6%, signaling rising obligations outside traditional debt categories.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity decrease gradually over the period, from a high point near 78% in late 2017 to just above 63% in the most recent quarter, indicating a modest deleveraging or increased equity financing.
Stockholders’ Equity and Related Components
Stockholders' equity trends upwards overall, growing from roughly 20-22% in 2017-2018 to peaks above 38% in late 2021, before moderating slightly toward 36% most recently. This suggests incremental strengthening of the equity base relative to liabilities. Additional paid-in capital shows some variability but generally increases towards the later periods, rising sharply from about 32% to over 40% in the final measured quarters, indicating new capital injections or stock issuance. Retained earnings display a complex pattern: a steady rise from 13% in early 2018 to nearly 30% by early 2022, followed by a marked decline in subsequent quarters to around 3-5%, reflecting possible dividend payments, losses, or accounting adjustments impacting accumulated profits.
Treasury Stock and Accumulated Other Comprehensive Loss
Treasury stock consistently holds a large negative proportion (around -20% to -25%) throughout most of the period, with a notable reduction in magnitude in the final two quarters (around -6%), which could imply fewer treasury shares held or reissuance of stock. Accumulated other comprehensive loss remains negative, fluctuating between approximately -4.4% and -1%, indicating persistent unrealized losses or valuation adjustments in equity components.
Noncontrolling Interests and Redeemable Noncontrolling Interests
Noncontrolling interests maintain generally stable values between 3.7% and 5.3%, though with a decline toward less than 1% in the last two quarters, suggesting possible buyouts or reclassifications. Redeemable noncontrolling interests diminish steadily from around 1.5% in 2017 to near zero by the end of the period, implying redemption or conversion transactions.
Common Stock and Preferred Stock
Common stock components remain minimal as a percentage of total liabilities and equity, mostly stable near 0.01%-0.03%, with no significant changes indicating major share repurchases or issuances. Preferred stock data is sparse or absent, suggesting little to no preferred equity presence in the capital structure during these periods.
Summary Insights
The overall capital structure shows a gradual shift towards increased equity financing, as reflected by rising equity ratios and decreasing long-term debt proportions. The reduction in retained earnings in recent quarters might warrant further investigation to understand underlying causes such as operational losses, dividends, or other equity impacts. Liquidity indicators, inferred from current liabilities and current portion of debt, display fluctuations implying variable short-term funding needs or working capital management efforts. Increasing accrued liabilities and other noncurrent liabilities warrant attention regarding potential future obligations. The decrease in treasury stock magnitude aligns with potential reissuance or repurchase activities impacting equity accounts.