Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 26

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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asury stock, at cost: 230 and 230 shares(8,244)(8,244)Accumulated deficit(12,692)(12,239)Accumulated other comprehensive loss(840)(1,067)Total Warner Bros. Discovery, Inc. stockholders’ equity33,836 34,037 Noncontrolling interests1,312 792 Total equity35,148 34,829 Total liabilities and equity$101,679 $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)

 Three Months Ended March 31, 20252024Operating ActivitiesNet loss$(449)$(955)Adjustments to reconcile net income to cash provided by operating activities:Content rights amortization and impairment3,145 3,827 Depreciation and amortization1,547 1,888 Deferred income taxes (312)(399)Share-based compensation expense123 101 Impairments and loss on dispositions90 12 Other, net17 10 Changes in operating assets and liabilities, net of acquisitions and dispositions:Receivables, net288 (304)Film and television content rights, games, and production payables, net(2,846)(2,778)Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities(1,026)(753)Foreign currency, prepaid expenses and other assets, net(24)(64)Cash provided by operating activities553 585 Investing ActivitiesPurchases of property and equipment(251)(195)Proceeds from sales of investments11 — Investments in and advances to equity investments(14)(53)Proceeds from asset dispositions66 — Other investing activities, net(7)41 Cash used in investing activities(195)(207)Financing ActivitiesPrincipal repayments of debt, including premiums and discounts to par value(3,665)(1,047)Borrowings from debt, net of discount and issuance costs1,500 — Distributions to noncontrolling interests and redeemable noncontrolling interests(157)(130)Proceeds for noncontrolling interest in joint venture601 — Borrowings under commercial paper program and revolving credit facility695 2,200 Repayments under commercial paper program and revolving credit facility(695)(2,200)