Warner Bros Discovery Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net loss | $(10,842) | $(2,687) |
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | ||
| Content rights amortization and impairment | 10,879 | 12,547 |
| Depreciation and amortization | 5,394 | 5,961 |
| Deferred income taxes | (1,351) | (2,071) |
| Share-based compensation expense | 419 | 391 |
| Equity in losses of equity method investee companies and cash distributions | 130 | 136 |
| Gain on sale of investments | (204) | — |
| Gain on extinguishment of debt | (590) | (17) |
| Impairments and loss on dispositions | 9,412 | 61 |
| Gain from derivative instruments, net | (41) | (100) |
| Other, net | 96 | 186 |
| Changes in operating assets and liabilities, net of acquisitions and dispositions: | ||
| Receivables, net | 517 | (33) |
| Film and television content rights, games, and production payables, net | (9,506) | (9,853) |
| Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities | (1,493) | (1,245) |
| Foreign currency, prepaid expenses and other assets, net | (160) | 623 |
| Cash provided by operating activities | 2,660 | 3,899 |
| Investing Activities | ||
| Purchases of property and equipment | (662) | (1,048) |
| Proceeds from sales of investments | 324 | — |
| Investments in and advances to equity investments | (104) | (91) |
| Other investing activities, net | 87 | 114 |
| Cash used in investing activities | (355) | (1,025) |
| Financing Activities | ||
| Principal repayments of term loans | — | (2,850) |
| Principal repayments of debt, including premiums and discounts to par value | (4,550) | (2,818) |
| Borrowings from debt, net of discount and issuance costs | 1,617 | 1,496 |
| Distributions to noncontrolling interests and redeemable noncontrolling interests | (172) | (282) |
| Securitization receivables collected but not remitted | 13 | 238 |
| Borrowings under commercial paper program and revolving credit facility | 14,203 | 4,298 |
| Repayments under commercial paper program and revolving credit facility | (14,203) | (4,304) |
| Other financing activities, net | (57) | (86) |
| Cash used in financing activities | (3,149) | (4,308) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 15 | (66) |
| Net change in cash, cash equivalents, and restricted cash | (829) | (1,500) |
| Cash, cash equivalents, and restricted cash, beginning of period | 4,319 | 3,930 |
| Cash, cash equivalents, and restricted cash, end of period | $3,490 | $2,430 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
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