Warner Bros. Discovery, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net loss | $(2,906) | $(449) |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Content rights amortization and impairment | 2,499 | 3,145 |
| Depreciation and amortization | 1,226 | 1,547 |
| Deferred income taxes | (513) | (312) |
| Share-based compensation expense | 152 | 123 |
| Impairments and loss on dispositions | 14 | 90 |
| Netflix Termination Fee accrual (See Note 1) | 2,800 | — |
| Other, net | 119 | 17 |
| Changes in operating assets and liabilities, net of acquisitions and dispositions: | ||
| Receivables, net | 246 | 288 |
| Film and television content rights, games, and production payables, net | (2,603) | (2,846) |
| Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities | (1,033) | (1,026) |
| Foreign currency, prepaid expenses and other assets, net | (209) | (24) |
| Cash (used in) provided by operating activities | (208) | 553 |
| Investing Activities | ||
| Purchases of property and equipment | (268) | (251) |
| Proceeds from sales of investments | — | 11 |
| Investments in and advances to equity investees | (25) | (14) |
| Proceeds from asset dispositions | — | 66 |
| Other investing activities, net | 11 | (7) |
| Cash used in investing activities | (282) | (195) |
| Financing Activities | ||
| Principal repayments of debt, including premiums and discounts to par value | (123) | (3,665) |
| Borrowings from debt, net of discount and issuance costs | (16) | 1,500 |
| Distributions to noncontrolling interests and redeemable noncontrolling interests | (129) | (157) |
| Proceeds for the formation of music catalog joint venture | — | 601 |
| Borrowings under commercial paper program and revolving credit facility | 261 | 695 |
| Repayments under commercial paper program and revolving credit facility | (261) | (695) |
| Cash paid to settle share-based awards, net | (422) | (117) |
| Other financing activities, net | (66) | (57) |
| Cash used in financing activities | (756) | (1,895) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (56) | 95 |
| Net change in cash, cash equivalents, and restricted cash | (1,302) | (1,442) |
| Cash, cash equivalents, and restricted cash, beginning of period | 4,570 | 5,416 |
| Cash, cash equivalents, and restricted cash, end of period | $3,268 | $3,974 |
| 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.