Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 34

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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Adjustments to reconcile net income to cash provided by operating activities:Content rights amortization and impairment9,093 10,879 Depreciation and amortization4,369 5,394 Deferred income taxes (272)(1,351)Share-based compensation expense540 419 Equity in losses of equity method investee companies and cash distributions26 130 Gain on sale of investments(4)(204)Gain on extinguishment of debt(2,953)(590)Impairments and loss on dispositions162 9,412 Other, net(75)55 Changes in operating assets and liabilities, net of acquisitions and dispositions:Receivables, net(200)517 Film and television content rights, games, and production payables, net(9,096)(9,506)Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities(402)(1,493)Foreign currency, prepaid expenses and other assets, net331 (160)Cash provided by operating activities2,515 2,660 Investing ActivitiesPurchases of property and equipment(810)(662)Proceeds from sales of investments54 324 Investments in and advances to equity investments(97)(104)Other investing activities, net92 87 Cash used in investing activities(761)(355)Financing ActivitiesPrincipal repayments of debt, including premiums and discounts to par value(21,663)(4,550)Borrowings from debt, net of discount and issuance costs18,306 1,617 Distributions to noncontrolling interests and redeemable noncontrolling interests(188)(172)Proceeds for noncontrolling interest in joint venture633 — Securitization receivables collected but not remitted51 13 Borrowings under commercial paper program and revolving credit facility3,551 14,203 Repayments under commercial paper program and revolving credit facility(3,551)(14,203)Other financing activities, net(262)(57)Cash used in financing activities(3,123)(3,149)Effect of exchange rate changes on cash, cash equivalents, and restricted cash251 15 Net change in cash, cash equivalents, and restricted cash(1,118)(829)Cash, cash equivalents, and restricted cash, beginning of period5,416 4,319 Cash, cash equivalents, and restricted cash, end of period$4,298 $3,490 The accompanying notes are