Warner Bros. Discovery, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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Consolidated Balance Sheets
(in millions, except par value)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $4,566 | $5,312 |
| Receivables, net | 5,294 | 4,947 |
| Prepaid expenses and other current assets | 3,346 | 3,819 |
| Total current assets | 13,206 | 14,078 |
| Film and television content rights and games | 19,114 | 19,102 |
| Property and equipment, net | 6,685 | 6,087 |
| Goodwill | 25,933 | 25,667 |
| Intangible assets, net | 27,764 | 32,299 |
| Other noncurrent assets | 7,383 | 7,327 |
| Total assets | $100,085 | $104,560 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,093 | $1,055 |
| Accrued liabilities | 9,626 | 10,438 |
| Deferred revenues | 1,642 | 1,569 |
| Current portion of debt | 139 | 2,748 |
| Total current liabilities | 12,500 | 15,810 |
| Noncurrent portion of debt | 32,428 | 36,757 |
| Deferred income taxes | 6,383 | 6,985 |
| Other noncurrent liabilities | 11,608 | 10,070 |
| Total liabilities | 62,919 | 69,622 |
| Commitments and contingencies (See Note 22) | ||
| Redeemable noncontrolling interests | 19 | 109 |
| Warner Bros. Discovery, Inc. stockholders’ equity: | ||
| Series A common stock: $0.01 par value; 10,800 and 10,800 shares authorized; 2,710 and 2,684 shares issued; and 2,480 and 2,454 shares outstanding | 27 | 27 |
| Preferred stock: $0.01 par value; 1,200 and 1,200 shares authorized, 0 shares issued and outstanding | — | — |
| Additional paid-in capital | 56,055 | 55,560 |
| Treasury stock, at cost: 230 and 230 shares | (8,244) | (8,244) |
| Accumulated deficit | (11,512) | (12,239) |
| Accumulated other comprehensive loss | (407) | (1,067) |
| Total Warner Bros. Discovery, Inc. stockholders’ equity | 35,919 | 34,037 |
| Noncontrolling interests | 1,228 | 792 |
| Total equity | 37,147 | 34,829 |
| Total liabilities and equity | $100,085 | $104,560 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.