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.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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Warner Bros. Discovery Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss)
Content rights amortization and impairment
Depreciation and amortization
Deferred income taxes
Preferred stock conversion premium
Share-based compensation expense (benefit)
(Gain) loss on disposition
Equity in losses of equity method investee companies and cash distributions
Gain on sale of investments
Gain from derivative instruments, net
Loss on extinguishment of debt
Impairment of goodwill and other intangible assets
Other, net
Receivables, net
Film and television content rights, games and payables, net
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities
Foreign currency, prepaid expenses and other assets, net
Changes in operating assets and liabilities, net of acquisitions and dispositions
Adjustments to reconcile net income (loss) to cash provided by operating activities
Cash provided by operating activities
Purchases of property and equipment
Cash acquired from business acquisition and working capital settlement
Proceeds from sales and maturities of investments
Investments in and advances to equity investments
(Payments for) proceeds from derivative instruments, net
Purchases of investments
Proceeds from dispositions, net of cash disposed
Other investing activities, net
Cash (used in) provided by investing activities
Principal repayments of term loans
Borrowings under term loan facilities
Principal repayments of debt, including premiums to par value
Borrowings from debt, net of discount and issuance costs
Distributions to noncontrolling interests and redeemable noncontrolling interests
Securitization receivables collected but not remitted
Borrowings under commercial paper program
Repayments under commercial paper program
Repurchases of stock
Principal repayments of revolving credit facility
Borrowings under revolving credit facility
Other financing activities, net
Cash provided by (used in) financing activities
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
Net change in cash, cash equivalents, and restricted cash

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).

Net income (loss)
Net income exhibits significant volatility over the analyzed quarters. Positive net income was recorded consistently from 2017 through 2019, peaking notably in June 2019. However, starting in 2020, net income became more variable with multiple quarters showing losses, including substantial losses in the first quarters of 2022 and 2023. This pattern indicates episodic profitability challenges, with occasional recovery periods.
Content rights amortization and impairment
This expense generally increased over the years, peaking sharply in late 2022. The rise in impairment and amortization marks heightened content-related costs or write-downs, which could be impacting overall profitability in the later periods.
Depreciation and amortization
The depreciation and amortization expense showed substantial growth from 2017 into 2018 and remained relatively stable with minor fluctuations afterward. The increase particularly from early periods into mid-2018 likely reflects asset acquisitions or revaluations impacting non-cash expenses.
Deferred income taxes
Deferred income taxes amounts fluctuated without a clear pattern but with increasingly negative values in recent periods, particularly in 2021 and 2022, suggesting growing deferred tax liabilities or adjustments consistent with fluctuating earnings.
Share-based compensation expense (benefit)
Share-based compensation fluctuated significantly each quarter, with occasional negative values indicating benefits rather than expenses. A noticeable increase occurred in late 2020 and continued through 2022, implying increased stock-based remuneration or adjustments in compensation accounting.
Gain/(loss) on disposition and gain on sale of investments
Both categories show periodic gains and losses, with no consistent trend. Significant gains were noted in late 2020 and sporadic losses in other quarters. This indicates transactional gains/losses impact earnings variably over time.
Equity in losses of equity method investee companies and cash distributions
Equity losses and distributions have moderate variability but generally remain positive or near zero, showing occasional losses from affiliates but not substantially impacting overall results.
Impairment of goodwill and other intangible assets
Significant impairment was recognized in 2017 and in 2019, revealing one-time charges that likely affected net income adversely during these periods.
Operating assets and liabilities changes
Net changes in operating assets and liabilities consistently resulted in cash outflows across all periods. This suggests ongoing working capital demands negatively impacting cash flow from operations.
Cash provided by operating activities
Operating cash flow showed considerable variability but generally remained positive, with peaks observed in late 2017 and throughout 2019. Despite income fluctuation, cash from operations remained a positive contributor, though it declined significantly starting in 2021.
Purchases of property and equipment
Capital expenditures were relatively stable but saw an increase in amounts in later periods, especially in 2022. This indicates ongoing investments in fixed assets, potentially for growth or maintenance.
Cash used in investing activities
Investing activities predominantly used cash, with a dramatic spike in cash outflows in early 2018 resulting from a significant business acquisition. Subsequent periods reflect more moderate fluctuations, with occasional cash inflows from disposals or investment maturities.
Financing activities
Financing cash flows were highly variable, with significant inflows related to borrowings and debt issuances in some quarters, notably mid-2017 and mid-2019, contrasted by large repayments and stock repurchases especially in 2019 and 2022. Debt repayments and term loan activity show active management of leverage.
Net change in cash, cash equivalents, and restricted cash
Changes in cash balances exhibit wide fluctuations consistent with the variability in operating, investing, and financing activities. Substantial inflows were recorded in late 2017, while notable outflows occurred in early 2018, reflecting acquisition-related cash usage. Recent years show moderate but volatile cash position changes.