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Warner Bros. Discovery, Inc. (DISCA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:          
Revenues  12,19110,67111,14410,5536,87310,9996,3946,265
            Revenues growth  14.2%-4.2%5.6%53.5%-37.5%72.0%2.1%13.2%
Costs and expenses:          
Selling, general and administrative  4,0162,7222,7882,6201,7681,6901,6691,692
Depreciation and amortization  1,5821,3591,3471,398330322330329
Restructuring  32912675075   
Impairments and loss on dispositions  322151817501,402585090
    Total costs and expenses  10,1798,1568,1358,6196,1608,9414,4098,439
    Operating loss  2,0122,5153,0091,9347132,0581,9852,061
            Operating margin  16.5%23.6%27.0%18.3%10.4%18.7%31.0%32.9%
Interest expense, net  -633.0-648.0-677.0-729.0-475.0-353.0-642.0-328.0
Loss on extinguishment of debt  -10-76-28 -54   
Loss from equity investees, net  -18-105-2-63-211-38123
Other income (expense), net  8242-8-120-1104-97-9
    Loss before income taxes  1,4331,7282,2941,022-1371,6711,5591,747
Income tax benefit  -236.0-373.0-81.0-341.0-176.0-453.0-511.0-610.0
    Net loss  1,1971,3552,213681-3131,2181,0481,137
Net income attributable to noncontrolling interests  -138-124-128-67 -1-1-2
   
Net income attributable to redeemable noncontrolling interests          
    Net loss available to Warner Bros. Discovery, Inc.  1,0061,2192,069594-3371,1941,0341,139
   
Net loss per share allocated to Warner Bros. Discovery, Inc. Series A common stockholders:          
Basic (in dollars per share)  $1.55$1.82$2.90$0.86($0.59)$1.97$1.59 
Diluted (in dollars per share)  $1.55$1.82$2.90$0.86($0.59)$1.97$1.59 
   
Weighted average shares outstanding:          
Basic (in shares)  503505529498384401432454
Diluted (in shares)  664672711688576610656687

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