Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Warner Bros. Discovery Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable	412)	397)	463)	325)	277)
Accrued payroll and related benefits	533)	494)	425)	484)	535)
Content rights payable	772)	528)	456)	384)	219)
Finance lease liabilities, current	58)	57)	47)	—)	—)
Other accrued liabilities	867)	714)	750)	695)	555)
Accrued liabilities	2,230)	1,793)	1,678)	1,563)	1,309)
Deferred revenues	478)	557)	489)	249)	255)
Current portion of debt	339)	335)	609)	1,860)	30)
Current liabilities	3,459)	3,082)	3,239)	3,997)	1,871)
Noncurrent portion of debt	14,420)	15,069)	14,810)	15,185)	14,755)
Deferred income taxes	1,225)	1,534)	1,691)	1,811)	319)
Finance lease liabilities, noncurrent	197)	184)	203)	—)	—)
Other noncurrent liabilities	1,730)	1,835)	1,826)	1,040)	587)
Noncurrent liabilities	17,572)	18,622)	18,530)	18,036)	15,661)
Total liabilities	21,031)	21,704)	21,769)	22,033)	17,532)
Redeemable noncontrolling interests	363)	383)	442)	415)	413)
Series A-1 convertible preferred stock: $0.01 par value	—)	—)	—)	—)	—)
Series C-1 convertible preferred stock: $0.01 par value	—)	—)	—)	—)	—)
Series A common stock: $0.01 par value	2)	2)	2)	2)	1)
Series B convertible common stock: $0.01 par value	—)	—)	—)	—)	—)
Series C common stock: $0.01 par value	5)	5)	5)	5)	4)
Additional paid-in capital	11,086)	10,809)	10,747)	10,647)	7,295)
Treasury stock, at cost	(8,244)	(8,244)	(7,374)	(6,737)	(6,737)
Retained earnings	9,580)	8,543)	7,333)	5,254)	4,632)
Accumulated other comprehensive loss	(830)	(651)	(822)	(785)	(585)
Total Discovery, Inc. stockholders’ equity	11,599)	10,464)	9,891)	8,386)	4,610)
Noncontrolling interests	1,434)	1,536)	1,633)	1,716)	—)
Total equity	13,033)	12,000)	11,524)	10,102)	4,610)
Total liabilities and equity	34,427)	34,087)	33,735)	32,550)	22,555)

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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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Warner Bros. Discovery Inc. current liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Warner Bros. Discovery Inc. noncurrent liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Warner Bros. Discovery Inc. total liabilities decreased from 2019 to 2020 and from 2020 to 2021.
Total Discovery, Inc. stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Warner Bros. Discovery Inc. total Discovery, Inc. stockholders’ equity increased from 2019 to 2020 and from 2020 to 2021.

Warner Bros. Discovery Inc. (NASDAQ:WBD)

Balance Sheet: Liabilities and Stockholders’ Equity