Stock Analysis on Net

Warner Bros. Discovery Inc. (NASDAQ:WBD)

This company has been moved to the archive! The financial data has not been updated since November 4, 2022.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Warner Bros. Discovery Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Advertising 2,042 2,721 1,476 1,705 1,458 1,637 1,415 1,602 1,306 1,273 1,402 1,597 1,413 1,619 1,415 1,574 1,365 1,563 1,012 876 705 805 687
Distribution 4,990 4,838 1,352 1,352 1,379 1,368 1,310 1,219 1,199 1,225 1,223 1,204 1,201 1,206 1,224 1,149 1,152 1,186 1,051 881 881 857 855
Content 2,531 2,064 323
Other 260 204 8 130 313 57 67 65 56 43 58 73 64 60 68 86 75 96 244 107 65 83 71
Revenues 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613
Costs of revenues, excluding depreciation and amortization (5,627) (6,625) (1,236) (1,067) (1,529) (1,055) (969) (1,129) (1,003) (810) (918) (1,037) (914) (938) (930) (946) (934) (995) (1,060) (745) (670) (634) (607)
Gross profit 4,196 3,202 1,923 2,120 1,621 2,007 1,823 1,757 1,558 1,731 1,765 1,837 1,764 1,947 1,777 1,863 1,658 1,850 1,247 1,119 981 1,111 1,006
Selling, general and administrative (2,589) (3,538) (1,040) (1,069) (944) (952) (1,051) (809) (633) (635) (645) (793) (660) (709) (626) (657) (667) (687) (609) (507) (457) (389) (415)
Depreciation and amortization (2,233) (2,266) (525) (539) (341) (341) (361) (358) (341) (334) (326) (333) (322) (320) (372) (397) (398) (410) (193) (90) (80) (80) (80)
Impairment of goodwill and other intangible assets (86) (38) (155) (1,327)
Restructuring and other charges (1,521) (1,033) (5) (3) (7) (7) (15) (16) (53) (7) (15) (6) (8) (7) (5) (98) (224) (187) (241) (32) (11) (8) (24)
Asset impairment and gain (loss) on disposition and disposal groups (43) (4) (1) 72 84 (4)
Operating income (loss) (2,190) (3,639) 353 508 329 779 396 488 531 717 779 705 619 911 774 711 369 650 204 (837) 433 630 487
Interest expense, net (555) (511) (153) (154) (159) (157) (163) (163) (161) (161) (163) (171) (163) (161) (182) (171) (185) (196) (177) (157) (136) (91) (91)
Loss on extinguishment of debt (3) (6) (1) (5) (71) (23) (5) (54)
Income (loss) from equity investees, net (78) (43) (14) 2 (9) (7) (4) (43) (18) (23) (21) 18 (11) (20) 11 (10) 9 (40) (22) (89) (27) (42) (53)
Other income (expense), net (28) (51) 490 (170) 78 106 68 134 (28) (6) (58) 11 (1) 9 (27) (36) (15) (47) (22) 33 (106) (24) (13)
Income (loss) before income taxes (2,851) (4,244) 676 183 233 720 297 416 319 456 537 563 444 716 571 494 178 367 (17) (1,050) 164 473 276
Income tax (expense) benefit 566 836 (201) (92) (36) (2) (106) (98) 11 (156) (130) (52) (147) 271 (153) (195) (43) (123) 20 (87) 59 (93) (55)
Net income (loss) (2,285) (3,408) 475 91 197 718 191 318 330 300 407 511 297 987 418 299 135 244 3 (1,137) 223 380 221
Net income attributable to noncontrolling interests and redeemable noncontrolling interests (23) (10) (19) (53) (41) (46) (51) (47) (30) (29) (30) (35) (35) (40) (34) (30) (18) (28) (11) (7) (5) (6) (6)
Net income (loss) available to Warner Bros. Discovery, Inc. (2,308) (3,418) 456 38 156 672 140 271 300 271 377 476 262 947 384 269 117 216 (8) (1,144) 218 374 215

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Warner Bros. Discovery Inc. revenues increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Warner Bros. Discovery Inc. operating income (loss) decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Warner Bros. Discovery Inc. income (loss) before income taxes decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.
Net income (loss) available to Warner Bros. Discovery, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Warner Bros. Discovery Inc. net income (loss) available to Warner Bros. Discovery, Inc. decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.