The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 749 | -11,482 | -3,079 | -7,297 |
| Content rights amortization and impairment | 11,855 | 13,946 | 16,024 | 14,161 |
| Content restructuring impairments and write-offs | 0 | 165 | 115 | 2,808 |
| Depreciation and amortization | 5,684 | 7,037 | 7,985 | 7,193 |
| Deferred income taxes | -710 | -1,732 | -2,344 | -2,842 |
| Preferred stock conversion premium | - | 0 | 0 | 789 |
| Equity in losses of equity method investee companies and cash distributions | -75 | -167 | -157 | -211 |
| Gain on extinguishment of debt | 2,945 | 632 | - | 0 |
| Share-based compensation expense | 769 | 557 | 500 | 412 |
| Impairment and loss (gain) on disposition and disposal groups | - | - | - | -116 |
| Impairments and loss on dispositions | -172 | -9,603 | 0 | - |
| Gain from derivative instruments, net | 93 | 16 | 151 | 501 |
| Gain on sale of investments | 4 | 227 | 0 | 199 |
| Other, net | -69 | -115 | -259 | -435 |
| Receivables, net | 336 | -1,012 | -312 | -181 |
| Film and television content rights, games and payables, net | - | - | - | -12,562 |
| Film and television content rights, games and production payables, net | -11,401 | -12,349 | -12,305 | - |
| Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities | 108 | -529 | -820 | 1,529 |
| Foreign currency, prepaid expenses and other assets, net | -327 | 260 | -824 | 130 |
| Cash provided by operating activities | 4,319 | 5,375 | 7,477 | 4,304 |
| Purchases of property and equipment | 1,231 | 948 | 1,316 | 987 |
| Cash acquired from business acquisition and working capital settlement | - | - | - | 3,612 |
| Cash used for business acquisitions | 0 | 0 | 50 | - |
| Purchases of investments | - | - | 0 | 0 |
| Investments in and advances to equity investments | 100 | 109 | 112 | 168 |
| Proceeds from sales and maturities of investments | 54 | 541 | 0 | 306 |
| Proceeds from derivative instruments, net | -26 | -136 | -121 | -752 |
| Other investing activities, net | -72 | -31 | -98 | -9 |
| Cash used in investing activities | -1,179 | -349 | -1,259 | 3,524 |
| Principal repayments of term loans | 0 | 0 | 4,000 | 6,000 |
| Principal repayments of debt, including premiums and discounts to par value | 22,664 | 5,043 | 2,860 | 1,315 |
| Borrowings from debt, net of discount and issuance costs | 18,306 | 1,617 | 1,496 | 0 |
| Repurchases of stock | - | - | - | 0 |
| Repayments under revolving credit facility | - | - | 1,350 | 125 |
| Borrowings under revolving credit facility | - | - | 1,350 | 125 |
| Distributions to noncontrolling interests and redeemable noncontrolling interests | 198 | 193 | 301 | 300 |
| Purchase of redeemable noncontrolling interest | 0 | 0 | 49 | - |
| Proceeds for noncontrolling interest in joint venture | 633 | - | - | - |
| Borrowings under commercial paper program and revolving credit facility | 4,228 | 14,203 | 3,857 | 2,268 |
| Repayments under commercial paper program and revolving credit facility | 4,228 | 14,203 | 3,864 | 2,270 |
| Principal repayments of finance and other lease obligations | 202 | - | - | - |
| Other financing activities, net | -115 | -130 | -116 | -125 |
| Cash used in financing activities | -4,240 | -3,749 | -5,837 | -7,742 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 254 | -180 | 8 | -61 |
| Net change in cash, cash equivalents, and restricted cash | -846 | 1,097 | 389 | 25 |
| Cash, cash equivalents, and restricted cash, beginning of period | 5,416 | 4,319 | 3,930 | 3,905 |
| Cash, cash equivalents, and restricted cash, end of period | 4,570 | 5,416 | 4,319 | 3,930 |
Warner Bros. Discovery, Inc. (WBD)
Warner Bros. Discovery, Inc. (WBD)