Name: Warner Bros. Discovery Inc. (NASDAQ:WBD) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

	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	2,422)	2,575)	4,162)	3,905)	3,116)	2,834)	2,008)	2,091)	1,893)	1,683)	1,453)	1,552)	813)	1,321)	745)	986)	531)	392)	812)	7,309)	6,994)	206)	267)
Receivables, net	6,669)	7,049)	2,426)	2,446)	2,462)	2,657)	2,476)	2,537)	2,444)	2,473)	2,564)	2,633)	2,695)	2,854)	2,625)	2,620)	2,578)	2,747)	2,654)	1,838)	1,652)	1,758)	1,560)
Prepaid expenses and other current assets	3,581)	5,825)	585)	913)	1,078)	1,237)	1,381)	1,502)	1,141)	561)	609)	1,032)	805)	757)	655)	625)	805)	767)	1,055)	844)	831)	806)	764)
Current assets	12,672)	15,449)	7,173)	7,264)	6,656)	6,728)	5,865)	6,130)	5,478)	4,717)	4,626)	5,217)	4,313)	4,932)	4,025)	4,231)	3,914)	3,906)	4,521)	9,991)	9,477)	2,770)	2,591)
Film and television content rights and games, net	28,288)	30,120)	3,866)	3,832)	3,688)	3,606)	3,469)	3,439)	3,278)	3,540)	3,756)	3,129)	3,095)	3,258)	3,098)	3,069)	3,115)	3,258)	3,323)	2,213)	2,095)	2,070)	2,038)
Property and equipment, net	5,143)	5,597)	1,328)	1,336)	1,310)	1,239)	1,189)	1,206)	1,125)	1,088)	1,040)	951)	856)	828)	802)	800)	810)	784)	928)	597)	523)	514)	504)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	68)	—)	—)	—)	—)	—)
Goodwill	34,450)	34,273)	12,872)	12,912)	12,957)	13,013)	12,973)	13,070)	13,052)	12,987)	12,966)	13,050)	12,977)	13,222)	13,037)	13,006)	13,139)	13,119)	13,102)	7,073)	8,242)	8,123)	8,077)
Intangible assets, net	46,744)	48,724)	5,873)	6,317)	6,784)	7,075)	7,323)	7,640)	7,864)	8,091)	8,332)	8,667)	8,880)	9,172)	9,366)	9,674)	10,040)	10,368)	10,825)	1,770)	1,539)	1,481)	1,489)
Other noncurrent assets	8,752)	8,077)	2,687)	2,766)	2,923)	2,911)	2,806)	2,602)	2,641)	2,666)	2,670)	2,721)	2,704)	2,433)	2,116)	1,770)	1,894)	1,989)	1,959)	911)	1,267)	1,191)	1,163)
Noncurrent assets	123,377)	126,791)	26,626)	27,163)	27,662)	27,844)	27,760)	27,957)	27,960)	28,372)	28,764)	28,518)	28,512)	28,913)	28,419)	28,319)	28,998)	29,586)	30,137)	12,564)	13,666)	13,379)	13,271)
Total assets	136,049)	142,240)	33,799)	34,427)	34,318)	34,572)	33,625)	34,087)	33,438)	33,089)	33,390)	33,735)	32,825)	33,845)	32,444)	32,550)	32,912)	33,492)	34,658)	22,555)	23,143)	16,149)	15,862)

Total assets exhibited a period of relative stability from early 2018 through the first quarter of 2022, followed by a monumental expansion in the second quarter of 2022. Total assets rose from $33.79 billion in March 2022 to $142.24 billion in June 2022, before settling slightly at $136.05 billion by September 30, 2022. This trajectory indicates a significant capital event that fundamentally altered the company's asset base.

Liquidity and Current Asset Trends: Cash and cash equivalents showed significant volatility in 2017, peaking at $7.3 billion in December before declining. From 2019 to early 2022, cash levels generally trended upward, reaching a peak of $4.16 billion in March 2022. Current assets surged in June 2022 to $15.45 billion, primarily driven by a sharp increase in net receivables, which rose from $2.43 billion in March 2022 to $7.05 billion in June 2022, and prepaid expenses, which spiked from $585 million to $5.83 billion in the same period.
Content and Fixed Asset Growth: Film and television content rights, including games, remained relatively stable between $2 billion and $3.8 billion from 2017 through March 2022. A massive increase occurred in June 2022, with these assets rising to $30.12 billion. Similarly, net property and equipment grew steadily from $504 million in 2017 to $1.33 billion in early 2022, before jumping to $5.60 billion in June 2022.
Intangible Assets and Goodwill Expansion: The most substantial growth is observed in non-physical assets. Goodwill remained stable around $13 billion for several years before increasing to $34.27 billion in June 2022. Intangible assets, net, showed a gradual decline from $10.83 billion in early 2018 to $5.87 billion in March 2022, only to experience an exponential increase to $48.72 billion in June 2022. These two line items became the dominant components of the balance sheet following the second quarter of 2022.
Noncurrent Asset Composition: Noncurrent assets grew from $26.63 billion in March 2022 to $126.79 billion in June 2022. This expansion was almost entirely driven by the surge in goodwill, intangible assets, and content rights. Other noncurrent assets also saw a significant increase, rising from $2.69 billion in March 2022 to $8.08 billion in June 2022, further contributing to the overall shift toward a more asset-heavy noncurrent structure.

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Warner Bros. Discovery Inc. (NASDAQ:WBD)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data