Warner Bros. Discovery Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,708	749	-11,482	-3,079	-7,297	1,197
Depreciation & Amortization	5,363	5,684	7,037	7,985	7,193	1,582
Stock-Based Compensation	798	769	557	500	412	178
Other Adjustments	11,962	8,419	21,389	14,060	14,978	3,078
Change in Receivables	-378	-336	1,012	312	181	47
Changes in Accounts Payable	101	108	-529	-820	1,529	185
Changes in Other Operating Activities	-11,016	-11,074	-12,609	-11,481	-12,692	-3,469
Operating Cash Flow	3,558	4,319	5,375	7,477	4,304	2,798
Operating Cash Flow Growth	-33.41%	-19.65%	-28.11%	73.72%	53.82%	2.15%
Capital Expenditures	-1,248	-1,231	-948	-1,316	-987	-373
Purchases of Investments	-111	-100	-109	-112	-168	-287
Proceeds from Sale of Investments	43	54	541	-	306	599
Payments for Business Acquisitions	-	-	-	-50	3,612	-2
Other Investing Activities	90	98	167	219	761	7
Investing Cash Flow	-1,266	-1,179	-349	-1,259	3,524	-56
Short-Term Debt Issued	3,794	4,228	14,203	5,207	2,393	-
Short-Term Debt Repaid	-3,794	-4,228	-14,203	-5,214	-2,395	-
Net Short-Term Debt Issued (Repaid)	-	0	0	-7	-2	-
Long-Term Debt Issued	16,790	18,306	1,617	1,496	-	-
Long-Term Debt Repaid	-19,122	-22,866	-5,185	-6,992	-7,315	-574
Net Long-Term Debt Issued (Repaid)	-2,332	-4,560	-3,568	-5,496	-7,315	-574
Other Financing Activities	-266.5	320	-181	-334	-425	-279
Financing Cash Flow	-3,101	-4,240	-3,749	-5,837	-7,742	-853
Effect of Exchange Rate Changes on Cash and Cash Equivalents	103	254	-180	8	-61	-106
Net Cash Flow	-706	-846	1,097	389	25	1,783
Free Cash Flow	2,310	3,088	4,427	6,161	3,317	2,425
Free Cash Flow Growth	-25.19%	-30.25%	-28.14%	85.74%	36.78%	3.77%
FCF Margin	6.21%	8.28%	11.26%	14.91%	9.81%	19.89%
Free Cash Flow Per Share	0.93	1.22	1.81	2.53	1.71	3.65
Levered Free Cash Flow	-10,868	-10,346	-21,928	-14,261	-19,645	-1,643
Unlevered Free Cash Flow	-9,563	-6,176	-17,164	-6,866	-10,959	-394.36

SEC Filings: 10-K · 10-Q