Warner Bros. Discovery, Inc. Website

Warner Bros. Discovery, Inc.

NasdaqGS-WBD

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

10,879

10,258

11,396

24,666

28,937

28,264

Other Revenues, Total

265

413

795

9,151

12,384

11,670

Total Revenues

11,144

10,671

12,191

33,817

41,321

39,934

Total Revenues % Chg.

5.6%

-4.2%

14.2%

177.4%

22.2%

-4.7%

Cost of Goods Sold, Total

3,752

3,812

4,615

20,391

24,315

23,256

Gross Profit

7,392

6,859

7,576

13,426

17,006

16,678

Selling General & Admin Expenses, Total

2,762

2,716

3,921

8,483

9,597

9,268

Depreciation & Amortization

1,347

1,359

1,582

7,193

7,985

7,645

Other Operating Expenses

—

—

—

—

—

—

—

—

—

—

Other Operating Expenses, Total

4,109

4,075

5,503

15,676

17,582

16,913

Operating Income

3,283

2,784

2,073

-2,250

-576

-235

Interest Expense, Total

-720

-691

-677

-1,298

-2,162

-2,088

Interest And Investment Income

—

—

—

22

—

18

67

179

217

Net Interest Expenses

-698

-691

-659

-1,231

-1,983

-1,871

Income (Loss) On Equity Invest.

-2

-105

-18

-160

-82

-94

Currency Exchange Gains (Loss)

-1

-50

104

-154

-141

-262

Other Non Operating Income (Expenses)

—

—

27

-3

4

7

-27

40

EBT, Excl. Unusual Items

2,609

1,935

1,504

-3,788

-2,809

-2,422

Restructuring Charges

-26

-91

-32

-3,757

-585

-727

Merger & Related Restructuring Charges

—

—

—

-26

-6

-95

-1,195

-162

-200

Impairment of Goodwill

—

—

—

—

-155

—

—

—

—

-9,100

Gain (Loss) On Sale Of Investments

-13

138

—

-52

-36

188

Gain (Loss) On Sale Of Assets

—

-124

71

-117

-77

-153

Asset Writedown

-67

-48

-5

-51

-211

-174

Other Unusual Items

—

—

—

—

-28

-76

-10

—

17

589

EBT, Incl. Unusual Items

2,294

1,728

1,433

-8,960

-3,863

-11,999

Income Tax Expense

81

373

236

-1,663

-784

-217

Earnings From Continuing Operations

2,213

1,355

1,197

-7,297

-3,079

-11,782

Minority Interest

-144

-136

-191

-74

-47

13

Net Income

2,069

1,219

1,006

-7,371

-3,126

-11,769

Preferred Dividend and Other Adjustments

224

128

94

49

—

4

Net Income to Common Incl Extra Items

1,845

1,091

912

-7,420

-3,126

-11,773

Net Income to Common Excl. Extra Items

1,845

1,091

912

-7,420

-3,126

-11,773

Total Shares Outstanding

691.5

653.5

658.6

2,430

2,439

2,451

Weighted Avg. Shares Outstanding

645.2

599

588

1,940

2,436

2,442.5

Weighted Avg. Shares Outstanding Dil

827.2

672

664

1,940

2,436

2,442.5

EPS

2.9

1.8

1.6

-3.8

-1.3

-4.8

EPS Diluted

2.5

1.8

1.5

-3.8

-1.3

-4.8

EBITDA

4,630

4,143

3,655

4,943

7,409

7,410

Effective Tax Rate

3.5%

21.6%

16.5%

18.6%

20.3%

1.8%