Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 44

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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ivable accrual(38)90 Other income (loss), net4 (6)Total other income (expense), net $82 $(14)Supplemental Cash Flow InformationThree Months Ended March 31,20252024Non-cash investing and financing activities:Assets acquired under finance lease and other arrangements144 111 Settlement of PRSU awards51 31 

21

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

Cash, Cash Equivalents, and Restricted Cash March 31, 2025December 31, 2024Cash and cash equivalents$3,868 $5,312 Restricted cash - recorded in prepaid expenses and other current assets (1)106 104 Total cash, cash equivalents, and restricted cash $3,974 $5,416 (1) Restricted cash primarily includes cash posted as collateral related to the Company’s revolving receivables program. (See Note 5.)Earnings Per ShareThe table below presents a reconciliation of net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share (in millions).Three Months Ended March 31,20252024Numerator:Net loss$(449)$(955)Less:Net income attributable to noncontrolling interests(8)(7)Net loss (income) attributable to redeemable noncontrolling interests4 (4)Redeemable noncontrolling interest adjustments of carrying value to redemption value (redemption value does not equal fair value)— (4)Net loss available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$(453)$(970)Denominator — weighted average:Common shares outstanding — basic and diluted2,462 2,443 Basic net loss per share allocated to common stockholders$(0.18)$(0.40)Diluted net loss per share allocated to common stockholders$(0.18)$(0.40)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 March 31,20252024Anti-dilutive share-based awards92 74 Supplier Finance ProgramsAs of March 31, 2025 and December 31, 2024, the Company has confirmed $254 million and $307 million, respectively, of accrued content producer