Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 140

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 and other arrangements$445 $384 Settlement of PRSU awards$91 $50 Cash, Cash Equivalents, and Restricted Cash September 30, 2025December 31, 2024Cash and cash equivalents$4,294 $5,312 Restricted cash - recorded in prepaid expenses and other current assets (1)4 104 Total cash, cash equivalents, and restricted cash $4,298 $5,416 (1) Restricted cash at December 31, 2024 primarily includes cash posted as collateral related to the Company’s revolving receivables program. (See Note 5.)

24

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

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 September 30,Nine Months Ended September 30,2025202420252024Numerator:Net (loss) income$(143)$141 $996 $(10,842)Less:Net income attributable to noncontrolling interests(4)(3)(19)(20)Net (income) loss attributable to redeemable noncontrolling interests(1)(3)2 45 Redeemable noncontrolling interest adjustments of carrying value to redemption value (redemption value does not equal fair value)— — — (4)Net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$(148)$135 $979 $(10,821)Denominator — weighted average:Common shares outstanding — basic2,479 2,453 2,473 2,449 Dilutive effect of share-based awards— 17 37 — Common shares outstanding — diluted2,479 2,470 2,510 2,449 Basic net income (loss) per share allocated to common stockholders$(0.06)$0.06 $0.40 $(4.42)Diluted net income (loss) per share allocated to common stockholders$(0.06)$0.05 $0.39 $(4.42)The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions).Three Months Ended