Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Warner Bros. Discovery Inc., adjusted current assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current assets	7,264)	6,130)	5,217)	4,231)	9,991)
Adjustments
Add: Allowance for credit losses	54)	59)	54)	46)	55)
After Adjustment
Adjusted current assets	7,318)	6,189)	5,271)	4,277)	10,046)

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).

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Warner Bros. Discovery Inc., adjusted total assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total assets	34,427)	34,087)	33,735)	32,550)	22,555)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	736)	205)
Add: Allowance for credit losses	54)	59)	54)	46)	55)
Less: Noncurrent deferred income tax assets (included within Other noncurrent assets)²	755)	597)	475)	81)	64)
After Adjustment
Adjusted total assets	33,726)	33,549)	33,314)	33,251)	22,751)

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).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred income tax assets (included within Other noncurrent assets). See details »

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Warner Bros. Discovery Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current liabilities	3,459)	3,082)	3,239)	3,997)	1,871)
Adjustments
Less: Current deferred revenues	478)	557)	489)	249)	255)
After Adjustment
Adjusted current liabilities	2,981)	2,525)	2,750)	3,748)	1,616)

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).

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Warner Bros. Discovery Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total liabilities	21,031)	21,704)	21,769)	22,033)	17,532)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	736)	205)
Less: Deferred income tax liabilities²	1,225)	1,534)	1,691)	1,811)	319)
Less: Deferred revenues	573)	649)	597)	369)	364)
Less: Restructuring and other liabilities	19)	58)	18)	108)	43)
After Adjustment
Adjusted total liabilities	19,214)	19,463)	19,463)	20,481)	17,011)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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Warner Bros. Discovery Inc., adjusted total Discovery, Inc. stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total Discovery, Inc. stockholders’ equity	11,599)	10,464)	9,891)	8,386)	4,610)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(470)	(937)	(1,216)	(1,730)	(255)
Add: Allowance for credit losses	54)	59)	54)	46)	55)
Add: Deferred revenues	573)	649)	597)	369)	364)
Add: Restructuring and other liabilities	19)	58)	18)	108)	43)
Add: Redeemable noncontrolling interests	363)	383)	442)	415)	413)
Add: Noncontrolling interests	1,434)	1,536)	1,633)	1,716)	—)
After Adjustment
Adjusted total equity	14,512)	14,086)	13,851)	12,770)	5,740)

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).

¹ Net deferred income tax assets (liabilities). See details »

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Warner Bros. Discovery Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Finance lease liabilities, current	58)	57)	47)	—)	—)
Current portion of debt	339)	335)	609)	1,860)	30)
Noncurrent portion of debt	14,420)	15,069)	14,810)	15,185)	14,755)
Finance lease liabilities, noncurrent	197)	184)	203)	—)	—)
Total reported debt	15,014)	15,645)	15,669)	17,045)	14,785)
Total Discovery, Inc. stockholders’ equity	11,599)	10,464)	9,891)	8,386)	4,610)
Total reported capital	26,613)	26,109)	25,560)	25,431)	19,395)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	736)	205)
Add: Operating lease liabilities, current (included in Accrued liabilities)²	62)	71)	82)	—)	—)
Add: Operating lease liabilities, noncurrent (included in Other noncurrent liabilities)³	567)	592)	621)	—)	—)
Adjusted total debt	15,643)	16,308)	16,372)	17,781)	14,990)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(470)	(937)	(1,216)	(1,730)	(255)
Add: Allowance for credit losses	54)	59)	54)	46)	55)
Add: Deferred revenues	573)	649)	597)	369)	364)
Add: Restructuring and other liabilities	19)	58)	18)	108)	43)
Add: Redeemable noncontrolling interests	363)	383)	442)	415)	413)
Add: Noncontrolling interests	1,434)	1,536)	1,633)	1,716)	—)
Adjusted total equity	14,512)	14,086)	13,851)	12,770)	5,740)
After Adjustment
Adjusted total capital	30,155)	30,394)	30,223)	30,551)	20,730)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities, current (included in Accrued liabilities). See details »

³ Operating lease liabilities, noncurrent (included in Other noncurrent liabilities). See details »

⁴ Net deferred income tax assets (liabilities). See details »

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Warner Bros. Discovery Inc., adjusted revenues

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Revenues	12,191)	10,671)	11,144)	10,553)	6,873)
Adjustment
Add: Increase (decrease) in deferred revenues	(76)	52)	228)	5)	79)
After Adjustment
Adjusted revenues	12,115)	10,723)	11,372)	10,558)	6,952)

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).

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Warner Bros. Discovery Inc., adjusted net income (loss) available to Discovery, Inc.

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Net income (loss) available to Discovery, Inc.	1,006)	1,219)	2,069)	594)	(337)
Adjustments
Add: Deferred income tax expense (benefit)¹	(511)	(186)	(504)	(131)	(199)
Add: Increase (decrease) in allowance for credit losses	(5)	5)	8)	(9)	8)
Add: Increase (decrease) in deferred revenues	(76)	52)	228)	5)	79)
Add: Increase (decrease) in restructuring and other liabilities	(39)	40)	(90)	65)	4)
Add: Other comprehensive income (loss) adjustments, net of tax	(179)	171)	(7)	(174)	178)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	191)	136)	144)	87)	25)
After Adjustment
Adjusted net income (loss)	387)	1,437)	1,848)	437)	(242)

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).

¹ Deferred income tax expense (benefit). See details »

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Warner Bros. Discovery Inc. (NASDAQ:WBD)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income