Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 108

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 net, consisted of the following (in millions).Three Months Ended March 31,20252024Foreign currency gains (losses), net$30 $(137)Gains (losses) on derivative instruments, net22 (6)Change in the value of investments with readily determinable fair value4 (1)Change in fair value of equity investments without readily determinable fair value(4)(14)Interest income64 60 Indemnification receivable accrual(38)90 Other income (loss), net4 (6)Total other income (expense), net $82 $(14)Supplemental Cash Flow InformationThree Months Ended March 31,20252024Non-cash investing and financing activities:Assets acquired under finance lease and other arrangements144 111 Settlement of PRSU awards51 31 

21

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

Cash, Cash Equivalents, and Restricted Cash March 31, 2025December 31, 2024Cash and cash equivalents$3,868 $5,312 Restricted cash - recorded in prepaid expenses and other current assets (1)106 104 Total cash, cash equivalents, and restricted cash $3,974 $5,416 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables program. (See Note 5.)Earnings Per ShareThe table below presents a reconciliation of net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share (in millions).Three Months Ended March 31,20252024Numerator:Net loss$(449)$(955)Less:Net income attributable to noncontrolling interests(8)(7)Net loss (income) attributable to redeemable noncontrolling interests4 (4)Redeemable noncontrolling interest adjustments of carrying value to redemption value (redemption value does not equal fair value)— (4)Net loss available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$(453)$(970)Denominator — weighted average:Common shares outstanding — basic and diluted2,462 2,443 Basic net loss per share allocated to common stockholders$(0.18)$(0.40)Diluted net loss per share allocated to common stockholders$(