Return on Assets (ROA)
since 2008
Calculation
Warner Bros. Discovery Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) available to Discovery, Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 2.92% | = | 100 | × | 1,006) | ÷ | 34,427) |
| Dec 31, 2020 | 3.58% | = | 100 | × | 1,219) | ÷ | 34,087) |
| Dec 31, 2019 | 6.13% | = | 100 | × | 2,069) | ÷ | 33,735) |
| Dec 31, 2018 | 1.82% | = | 100 | × | 594) | ÷ | 32,550) |
| Dec 31, 2017 | -1.49% | = | 100 | × | (337) | ÷ | 22,555) |
| Dec 31, 2016 | 7.58% | = | 100 | × | 1,194) | ÷ | 15,758) |
| Dec 31, 2015 | 6.52% | = | 100 | × | 1,034) | ÷ | 15,864) |
| Dec 31, 2014 | 7.11% | = | 100 | × | 1,139) | ÷ | 16,014) |
| Dec 31, 2013 | 7.18% | = | 100 | × | 1,075) | ÷ | 14,979) |
| Dec 31, 2012 | 7.29% | = | 100 | × | 943) | ÷ | 12,930) |
| Dec 31, 2011 | 9.50% | = | 100 | × | 1,132) | ÷ | 11,913) |
| Dec 31, 2010 | 5.93% | = | 100 | × | 653) | ÷ | 11,019) |
| Dec 31, 2009 | 5.11% | = | 100 | × | 560) | ÷ | 10,965) |
| Dec 31, 2008 | 3.02% | = | 100 | × | 317) | ÷ | 10,484) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
The data reveals notable fluctuations in net income over the examined period. Starting from a positive net income of 317 million USD in 2008, there is an overall upward trend with some variability, reaching a peak of 2,069 million USD in 2019. This peak is followed by a decline over the next two years, with net income decreasing to 1,219 million USD in 2020 and further to 1,006 million USD in 2021. A significant anomaly is observed in 2017, where net income plunges to a loss of 337 million USD, interrupting the generally positive trend.
Total assets exhibited a consistent upward trajectory throughout the period. Beginning at 10,484 million USD in 2008, assets steadily increased, albeit with varying growth rates, culminating in 34,427 million USD in 2021. The most substantial asset growth occurred between 2016 and 2018, where assets rose sharply from 15,758 million USD to 32,550 million USD, nearly doubling within two years. After 2018, the growth continued but at a slower pace, reaching 34,427 million USD by 2021.
Return on assets (ROA) reflects a pattern consistent with net income trends but demonstrates greater volatility. ROA started at 3.02% in 2008 and improved steadily to a high of 9.5% in 2011. Following that, ROA gradually declined, with minor fluctuations, to 6.52% in 2015. In 2017, mirroring the net income loss, ROA became negative at -1.49%, indicating a challenging year. Subsequently, ROA recovered to positive territory, reaching 6.13% in 2019, before decreasing again to 3.58% in 2020 and further to 2.92% in 2021.
Overall, the financial performance shows periods of growth and profitability interrupted by temporary setbacks, notably in 2017. Asset growth has been robust, particularly post-2015, suggesting investment or expansion activities. However, profitability metrics reveal sensitivity to operational challenges or market conditions in certain years, as reflected by fluctuations in net income and ROA.
- Net Income (Loss):
- Generally positive with a peak in 2019; significant loss in 2017; decline after 2019.
- Total Assets:
- Consistent growth from 2008 to 2021; rapid increase between 2016 and 2018.
- Return on Assets (ROA):
- Improved through early years; volatility with a negative dip in 2017; partial recovery thereafter.
Comparison to Competitors
Warner Bros. Discovery Inc., ROA, long-term trends, comparison to competitors
| Warner Bros. Discovery Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2021 | 2.92% | 21.16% | 5.13% | 23.72% | 11.48% | 0.98% |
| Dec 31, 2020 | 3.58% | 12.60% | 3.85% | 18.29% | 7.03% | -1.42% |
| Dec 31, 2019 | 6.13% | 12.45% | 4.96% | 13.86% | 5.49% | 5.70% |
| Dec 31, 2018 | 1.82% | 13.20% | 4.66% | 22.72% | 4.66% | 12.78% |
| Dec 31, 2017 | -1.49% | 6.42% | 12.15% | 18.85% | 2.94% | 9.37% |
| Dec 31, 2016 | 7.58% | 11.63% | 4.82% | 15.73% | 1.37% | 10.20% |
| Dec 31, 2015 | 6.52% | 11.09% | 4.90% | 7.46% | 1.20% | 9.51% |
| Dec 31, 2014 | 7.11% | 11.01% | 5.26% | 7.32% | 3.78% | 8.91% |
| Dec 31, 2013 | 7.18% | 11.65% | 4.29% | 8.38% | 2.08% | 7.55% |
| Dec 31, 2012 | 7.29% | 11.45% | 3.76% | 0.35% | 0.43% | 7.59% |
| Dec 31, 2011 | 9.50% | 13.42% | 2.64% | — | 7.37% | 6.66% |
| Dec 31, 2010 | 5.93% | 14.70% | 3.07% | — | 16.38% | 5.73% |
| Dec 31, 2009 | 5.11% | 16.10% | 3.23% | — | 17.04% | 5.24% |
| Dec 31, 2008 | 3.02% | 13.31% | 2.25% | — | 13.44% | 7.08% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Media & Entertainment)
Warner Bros. Discovery Inc., ROA, long-term trends, comparison to sector (media & entertainment)
| Warner Bros. Discovery Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2021 | 2.92% | 13.02% |
| Dec 31, 2020 | 3.58% | 8.04% |
| Dec 31, 2019 | 6.13% | 8.75% |
| Dec 31, 2018 | 1.82% | 11.10% |
| Dec 31, 2017 | -1.49% | 10.43% |
| Dec 31, 2016 | 7.58% | 9.25% |
| Dec 31, 2015 | 6.52% | 7.95% |
| Dec 31, 2014 | 7.11% | 7.95% |
| Dec 31, 2013 | 7.18% | 7.34% |
| Dec 31, 2012 | 7.29% | 6.43% |
| Dec 31, 2011 | 9.50% | 6.19% |
| Dec 31, 2010 | 5.93% | 6.60% |
| Dec 31, 2009 | 5.11% | 6.26% |
| Dec 31, 2008 | 3.02% | 5.43% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Communication Services)
Warner Bros. Discovery Inc., ROA, long-term trends, comparison to industry (communication services)
| Warner Bros. Discovery Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2021 | 2.92% | 8.36% |
| Dec 31, 2020 | 3.58% | 4.69% |
| Dec 31, 2019 | 6.13% | 6.30% |
| Dec 31, 2018 | 1.82% | 7.37% |
| Dec 31, 2017 | -1.49% | 9.22% |
| Dec 31, 2016 | 7.58% | 6.13% |
| Dec 31, 2015 | 6.52% | 5.86% |
| Dec 31, 2014 | 7.11% | 4.94% |
| Dec 31, 2013 | 7.18% | 5.87% |
| Dec 31, 2012 | 7.29% | 3.63% |
| Dec 31, 2011 | 9.50% | 3.13% |
| Dec 31, 2010 | 5.93% | 5.26% |
| Dec 31, 2009 | 5.11% | 4.17% |
| Dec 31, 2008 | 3.02% | 4.53% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).