Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 34

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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ization2,994 3,632 Deferred income taxes (471)(889)Share-based compensation expense298 260 Equity in losses of equity method investee companies and cash distributions18 83 Gain on sale of investments(6)(203)Gain on extinguishment of debt(2,954)(567)Impairments and loss on dispositions116 9,407 Other, net(97)25 Changes in operating assets and liabilities, net of acquisitions and dispositions:Receivables, net(460)(191)Film and television content rights, games, and production payables, net(6,314)(6,351)Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities(141)(132)Foreign currency, prepaid expenses and other assets, net563 (25)Cash provided by operating activities1,536 1,813 Investing ActivitiesPurchases of property and equipment(532)(447)Proceeds from sales of investments54 324 Investments in and advances to equity investments(26)(68)Proceeds from asset dispositions66 — Other investing activities, net7 54 Cash used in investing activities(431)(137)Financing ActivitiesPrincipal repayments of debt, including premiums and discounts to par value(20,403)(3,703)Borrowings from debt, net of discount and issuance costs18,303 1,617 Distributions to noncontrolling interests and redeemable noncontrolling interests(174)(161)Proceeds for noncontrolling interest in joint venture601 — Borrowings under commercial paper program and revolving credit facility3,551 11,605 Repayments under commercial paper program and revolving credit facility(3,551)(11,605)Other financing activities, net(213)(27)Cash used in financing activities(1,886)(2,274)Effect of exchange rate changes on cash, cash equivalents, and restricted cash256 (104)Net change in cash, cash equivalents, and restricted cash(525)(702)Cash, cash equivalents, and restricted cash, beginning of period5,416 4,319 Cash, cash equivalents, and restricted cash, end of period$4,891 $3,617 The accompanying notes are an integral part of these consolidated financial statements.

7

WARNER BROS. DISCOVERY, INC.CONSOLIDATED STATEMENTS OF EQUITY(unaudited; in millions)

Warner Bros. Discovery, Inc