Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 33

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 19,102 Property and equipment, net6,413 6,087 Goodwill25,939 25,667 Intangible assets, net29,906 32,299 Other noncurrent assets7,041 7,327 Total assets$101,727 $104,560 Liabilities and equityCurrent liabilities:Accounts payable$1,074 $1,055 Accrued liabilities10,218 10,438 Deferred revenues1,527 1,569 Current portion of debt221 2,748 Total current liabilities13,040 15,810 Noncurrent portion of debt34,411 36,757 Deferred income taxes6,494 6,985 Other noncurrent liabilities10,436 10,070 Total liabilities64,381 69,622 Commitments and contingencies (See Note 15)Redeemable noncontrolling interests23 109 Warner Bros. Discovery, Inc. stockholders’ equity:Series A common stock: $0.01 par value; 10,800 and 10,800 shares authorized; 2,705 and 2,684 shares issued; and 2,475 and 2,454 shares outstanding27 27 Preferred stock: $0.01 par value; 1,200 and 1,200 shares authorized, 0 shares issued and outstanding— — Additional paid-in capital55,749 55,560 Treasury stock, at cost: 230 and 230 shares(8,244)(8,244)Accumulated deficit(11,112)(12,239)Accumulated other comprehensive loss(371)(1,067)Total Warner Bros. Discovery, Inc. stockholders’ equity36,049 34,037 Noncontrolling interests1,274 792 Total equity37,323 34,829 Total liabilities and equity$101,727 $104,560 The accompanying notes are an integral part of these consolidated financial statements.

6

WARNER BROS. DISCOVERY, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited; in millions)

 Six Months Ended June 30, 20252024Operating ActivitiesNet income (loss)$1,139 $(10,983)Adjustments to reconcile net income to cash provided by operating activities:Content rights amortization and impairment6,851 7,747 Depreciation and amort