Warner Bros. Discovery Inc. (NASDAQ:WBD)

The financial data exhibits notable fluctuations in net income and comprehensive income over the five-year period analyzed. Net income experienced a significant turnaround from a loss of $313 million at the end of 2017 to a substantial profit of $2,213 million by the end of 2019. However, post-2019, net income demonstrates a declining trend, decreasing to $1,355 million in 2020 and further to $1,197 million in 2021.

Currency Translation

Currency translation adjustments show high volatility, with positive and negative swings across the years. The value improved by $183 million in 2017 but reversed to a negative $189 million in 2018. Subsequent years saw relatively smaller impacts except for 2021, which experienced a notable negative adjustment of $290 million. This volatility suggests exposure to foreign exchange risks that affected reported earnings inconsistently.

Available-for-Sale Securities

Values related to available-for-sale securities are presented only in 2017 with $15 million and are absent in later years, indicating a possible divestment or reclassification of such securities.

Pension Plan and SERP

The pension plan and supplemental executive retirement plan (SERP) adjustments are minor compared to other items, fluctuating mildly around zero, with a negative impact in 2019 and 2020 and slight positive contribution in 2021, suggesting limited influence on overall comprehensive income.

Derivatives

Derivative instruments display a pattern of significant volatility, initially negative by $20 million in 2017, improving to positive contributions of $12 million and $18 million in 2018 and 2019, respectively, followed by a sharp negative impact of $113 million in 2020 and then reversing again to a positive $109 million in 2021. This pattern indicates active management or exposure to derivative-related market risks with variable outcomes.

Other Comprehensive Income Adjustments, Net of Tax

Other comprehensive income adjustments mirror the behavior seen in currency translation and derivatives, with a positive figure in 2017 ($178 million), reversing to a negative adjustment of $174 million in 2018, minor negative in 2019, positive in 2020, and moving negative again in 2021 ($179 million). This cyclical pattern reflects ongoing shifts in non-core income components impacting overall comprehensive income.

Comprehensive Income (Loss)

Comprehensive income aligns broadly with net income trends but with less pronounced fluctuations. Starting with a loss of $135 million in 2017, it entered positive territory in 2018 with $507 million, peaked dramatically at $2,206 million in 2019, and declined steadily thereafter to $1,526 million in 2020 and $1,018 million in 2021.

Comprehensive Income Attributable to Noncontrolling Interests

Comprehensive income attributable to noncontrolling and redeemable noncontrolling interests consistently reflect negative values, showing an increasing magnitude of loss from $25 million in 2017 to $191 million in 2021. This trend suggests growing claims or losses impacting other equity holders outside of the parent entity.

Comprehensive Income Attributable to the Company

The residual comprehensive income attributable to the company follows a trajectory similar to overall comprehensive income, moving from a loss of $160 million in 2017 to a peak of $2,062 million in 2019, then declining to $1,390 million in 2020 and $827 million in 2021. This decline post-2019 highlights a period of reduced profitability or other comprehensive income factors negatively affecting shareholder value.