Company: WBD
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437107-25-000031
Chunk: 63

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 63
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ITEM 15. Exhibits and Financial Statement Schedules.

(a) The following documents are filed as part of this Annual Report on Form 10-K:

(1) The following consolidated financial statements of Warner Bros. Discovery, Inc. are filed as part of Item 8 of this Annual Report on Form 10-K:

 PageConsolidated Statements of Operations.59Consolidated Statements of Comprehensive (Loss) Income.60Consolidated Balance Sheets.61Consolidated Statements of Cash Flows.62Consolidated Statements of Equity.63Notes to Consolidated Financial Statements64

(2) Financial Statement Schedule

Schedule II: Valuation and Qualifying AccountsChanges in valuation and qualifying accounts consisted of the following (in millions):Beginningof YearAdditionsDeductionsEndof Year2024Allowance for credit losses$161 127 (127)$161 Deferred tax valuation allowance$2,191 179 (327)$2,043 2023Allowance for credit losses$123 152 (114)$161 Deferred tax valuation allowance$1,849 429 (87)$2,191 2022Allowance for credit losses (a)$54 165 (96)$123 Deferred tax valuation allowance (b)$305 1,617 (73)$1,849 (a) Increase in the allowance for credit losses is related to the acquisition of WM in 2022.(b) Additions to the deferred tax valuation allowance include $343 million related to the acquisition of WM in 2022.

All other financial statement schedules required to be filed pursuant to Item 8 and Item 15(c) of Form 10-K have been omitted as the required information is not applicable, not material, or is set forth in the consolidated financial statements or notes thereto.

121

(3) The following exhibits are filed or furnished as part of this Annual Report on Form 10-K pursuant to Item 601 of SEC Regulation S-K and Item 15(b) of Form 10-K:

EXHIBITS INDEXExhibit No.Description2.1Agreement and Plan of Merger, dated May 17, 2021, by and among Discovery, Inc., AT&T Inc., Magallanes, Inc. and Drake Subsidiary, Inc. (incorporated by reference to Exhibit 2.1 to the Form 8-K filed on May 20, 2021 (SEC File No. 001-34177))2.2