Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 129

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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8,360)(7,630)Net cash proceeds remitted$(249)$(103)$(138)$(134)Net receivables sold$3,985 $3,529 $8,190 $7,443 Obligations recorded (Level 3)$97 $86 $200 $239 The following table presents a summary of the amounts transferred or pledged, which were held at the Company’s bankruptcy-remote consolidated subsidiary (in millions).June 30, 2025December 31, 2024Gross receivables pledged as collateral$2,594 $2,402 Restricted cash pledged as collateral$— $100 Balance sheet classification:Receivables, net$2,173 $2,039 Prepaid expenses and other current assets$— $100 Other noncurrent assets$421 $363 Accounts Receivable FactoringTotal trade accounts receivable sold under the Company’s factoring arrangement were $102 million and $57 million for the six months ended June 30, 2025 and 2024. The impact to the consolidated statements of operations was immaterial for the three and six months ended June 30, 2025 and 2024. This accounts receivable factoring agreement is separate and distinct from the revolving receivables program.

14

WARNER BROS. DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

NOTE 6. CONTENT RIGHTS

For purposes of amortization and impairment, capitalized production costs are grouped based on their predominant monetization strategy: individually or as a group. Live programming includes licensed sports rights and related advances. The tables below present the components of content rights (in millions).June 30, 2025Predominantly Monetized IndividuallyPredominantly Monetized as a GroupTotalProduction costs:Released, less amortization$3,227 $5,784 $9,011 Completed and not released763 640 1,403 In production and other1,635 2,198 3,833 Total production costs$5,625 $8,622 $14,247 Licensed content, live programming, and advances, net4,729 Game development costs, less amortization286 Total film and television content rights and games19,262 Less: Current content rights and prepaid license fees, net(445)Total noncurrent film and television content