Warner Bros. Discovery, Inc. (WBD) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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Warner Bros. Discovery, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Content rights amortization and impairment → operating reconciliation: $13,946,000,000.00Impairments and loss on dispositions → operating reconciliation: $9,603,000,000.00Depreciation and amortization → operating reconciliation: $7,037,000,000.00Receivables, net → operating reconciliation: $1,012,000,000.00Share-based compensation expense → operating reconciliation: $557,000,000.00Equity in losses of equity method investee companies and cash distributions → operating reconciliation: $167,000,000.00Content restructuring impairments and write-offs → operating reconciliation: $165,000,000.00Other, net → operating reconciliation: $115,000,000.00operating reconciliation → Net cash from operating activities: $5,375,000,000.00operating reconciliation → Net loss: $11,482,000,000.00operating reconciliation → Film and television content rights, games and production payables, net: $12,349,000,000.00operating reconciliation → Deferred income taxes: $1,732,000,000.00operating reconciliation → Gain on extinguishment of debt: $632,000,000.00operating reconciliation → Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities: $529,000,000.00operating reconciliation → Foreign currency, prepaid expenses and other assets, net: $260,000,000.00operating reconciliation → Gain on sale of investments: $227,000,000.00operating reconciliation → Gain from derivative instruments, net: $16,000,000.00Proceeds from sales and maturities of investments → investing reconciliation: $541,000,000.00Proceeds from derivative instruments, net → investing reconciliation: $136,000,000.00Other investing activities, net → investing reconciliation: $31,000,000.00investing reconciliation → Purchases of property and equipment: $948,000,000.00investing reconciliation → Investments in and advances to equity investments: $109,000,000.00Net cash used in financing activities → financing reconciliation: $3,749,000,000.00Borrowings under commercial paper program and revolving credit facility → financing reconciliation: $14,203,000,000.00Borrowings from debt, net of discount and issuance costs → financing reconciliation: $1,617,000,000.00financing reconciliation → Repayments under commercial paper program and revolving credit facility: $14,203,000,000.00financing reconciliation → Principal repayments of debt, including premiums and discounts to par value: $5,043,000,000.00financing reconciliation → Distributions to noncontrolling interests and redeemable noncontrolling interests: $193,000,000.00financing reconciliation → Other financing activities, net: $130,000,000.00Net cash used in investing activities → investing reconciliation: $349,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $4,319,000,000.00Net cash from operating activities → Cash sources and uses: $5,375,000,000.00Cash sources and uses → Exchange-rate effect: $180,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,416,000,000.00Cash sources and uses → Net cash used in investing activities: $349,000,000.00Cash sources and uses → Net cash used in financing activities: $3,749,000,000.00Content restructuring impairments and write-offs: $165,000,000.00Restructuring & impairment+$165.00 MShare-based compensation expense: $557,000,000.00Stock-based compensation+$557.00 MOther, net: $115,000,000.00Other non-cash items+$115.00 MGain from derivative instruments, net: -$16,000,000.00Derivative gain & loss, net−$16.00 MFilm and television content rights, games and production payables, net: -$12,349,000,000.00Film and television content rights, games andproduction payables, net−$12.35 BEquity in losses of equity method investee companies and cash distributions: $167,000,000.00Equity-method income, net+$167.00 MContent rights amortization and impairment: $13,946,000,000.00Content rights amortization and impairment+$13.95 BReceivables, net: $1,012,000,000.00Accounts & notes receivable+$1.01 BForeign currency, prepaid expenses and other assets, net: -$260,000,000.00Other working capital, net−$260.00 MAccounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities: -$529,000,000.00Payables & accrued liabilities−$529.00 MImpairments and loss on dispositions: $9,603,000,000.00Impairments and loss on dispositions+$9.60 BDepreciation and amortization: $7,037,000,000.00Depreciation & amortization+$7.04 BDeferred income taxes: -$1,732,000,000.00Deferred taxes & credits−$1.73 BGain on sale of investments: -$227,000,000.00Investment sale gain & loss−$227.00 MPreferred stock conversion premium: $0.00Net loss: -$11,482,000,000.00Net loss−$11.48 BGain on extinguishment of debt: -$632,000,000.00Debt extinguishment gain & loss−$632.00 MNet cash from operating activities: $5,375,000,000.00Operating cash+$5.38 Boperating reconciliation: $32,602,000,000.00Distributions to noncontrolling interests and redeemable noncontrolling interests: -$193,000,000.00Noncontrolling dividends−$193.00 MRepayments under commercial paper program and revolving credit facility: -$14,203,000,000.00Commercial paper repaid−$14.20 BPrincipal repayments of term loans: $0.00Other financing activities, net: -$130,000,000.00Other financing, net−$130.00 MBorrowings from debt, net of discount and issuance costs: $1,617,000,000.00Long-term debt issued+$1.62 BPrincipal repayments of debt, including premiums and discounts to par value: -$5,043,000,000.00Senior debt repaid−$5.04 BBorrowings under commercial paper program and revolving credit facility: $14,203,000,000.00Commercial paper issued+$14.20 BPurchase of redeemable noncontrolling interest: $0.00Net cash used in financing activities: -$3,749,000,000.00. Cash required to fund net payments.Financing cash−$3.75 Bfinancing reconciliation: $19,569,000,000.00Proceeds from sales and maturities of investments: $541,000,000.00Joint venture proceeds+$541.00 MProceeds from derivative instruments, net: $136,000,000.00Investing hedges, net+$136.00 MOther investing activities, net: $31,000,000.00Other investing, net+$31.00 MInvestments in and advances to equity investments: -$109,000,000.00Investments, net−$109.00 MPurchases of property and equipment: -$948,000,000.00PP&E purchases−$948.00 MCash (used for) acquired from business acquisitions and working capital settlement: $0.00Net cash used in investing activities: -$349,000,000.00. Cash required to fund net payments.Investing cash−$349.00 Minvesting reconciliation: $1,057,000,000.00Cash sources and uses: $9,694,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $4,319,000,000.00Beginning cash$4.32 BEnding cash: Cash, cash equivalents, and restricted cash: $5,416,000,000.00Ending cash$5.42 BExchange-rate effect: -$180,000,000.00FX effect−$180.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$11.48B + net operating adjustments $16.86B = operating cash +$5.38BFree cash flow$4.43 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$1.10 BEnding cash − beginning cash
Chart details

Warner Bros. Discovery, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
4,319,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
5,375,000,000 US dollars. Net cash provided.
Content restructuring impairments and write-offs
165,000,000 US dollars
Share-based compensation expense
557,000,000 US dollars
Other, net
115,000,000 US dollars
Gain from derivative instruments, net
negative 16,000,000 US dollars
Film and television content rights, games and production payables, net
negative 12,349,000,000 US dollars
Equity in losses of equity method investee companies and cash distributions
167,000,000 US dollars
Content rights amortization and impairment
13,946,000,000 US dollars
Receivables, net
1,012,000,000 US dollars
Foreign currency, prepaid expenses and other assets, net
negative 260,000,000 US dollars
Accounts payable, accrued liabilities, deferred revenues and other noncurrent liabilities
negative 529,000,000 US dollars
Impairments and loss on dispositions
9,603,000,000 US dollars
Depreciation and amortization
7,037,000,000 US dollars
Deferred income taxes
negative 1,732,000,000 US dollars
Gain on sale of investments
negative 227,000,000 US dollars
Preferred stock conversion premium
0 US dollars
Net loss
negative 11,482,000,000 US dollars
Gain on extinguishment of debt
negative 632,000,000 US dollars
Investing activities
negative 349,000,000 US dollars. Net cash used.
Proceeds from sales and maturities of investments
541,000,000 US dollars
Proceeds from derivative instruments, net
136,000,000 US dollars
Other investing activities, net
31,000,000 US dollars
Investments in and advances to equity investments
negative 109,000,000 US dollars
Purchases of property and equipment
negative 948,000,000 US dollars
Cash (used for) acquired from business acquisitions and working capital settlement
0 US dollars
Financing activities
negative 3,749,000,000 US dollars. Net cash used.
Distributions to noncontrolling interests and redeemable noncontrolling interests
negative 193,000,000 US dollars
Repayments under commercial paper program and revolving credit facility
negative 14,203,000,000 US dollars
Principal repayments of term loans
0 US dollars
Other financing activities, net
negative 130,000,000 US dollars
Borrowings from debt, net of discount and issuance costs
1,617,000,000 US dollars
Principal repayments of debt, including premiums and discounts to par value
negative 5,043,000,000 US dollars
Borrowings under commercial paper program and revolving credit facility
14,203,000,000 US dollars
Purchase of redeemable noncontrolling interest
0 US dollars
Operating adjustment reconciliation
32,602,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
19,569,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,057,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 180,000,000 US dollars
Ending cash on Dec 31, 2024
5,416,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
9,694,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,097,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
5,375,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
948,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
4,427,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$11.48B + net operating adjustments $16.86B = operating cash +$5.38B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 5,375,000,000 US dollars minus 948,000,000 US dollars equals 4,427,000,000 US dollars.
Warner Bros. Discovery, Inc. (WBD) FY2024 Annual Statement of Cash Flows Sankey chart
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