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Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
28.53
-0.24 (-0.83%)
At close: Aug 31, 2026, 4:00 PM EDT
28.51
-0.02 (-0.07%)
After-hours: Aug 31, 2026, 7:49 PM EDT

Warner Bros. Discovery Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
149-2,916-252-1481,580-453-494135-9,986-966-400-417-1,240-1,069-2,101-2,308-3,41845638156
Depreciation & Amortization
1,1591,2261,3151,3751,4471,5471,6431,7621,7441,8882,0241,9891,9142,0582,1692,2332,266525539341
Other Amortization
2,5152,4572,6582,2063,6783,1102,9972,9873,8683,7013,5812,9954,6104,6274,0843,9415,1169697641,217
Loss (Gain) From Sale of Assets
------------------1-
Asset Writedown & Restructuring Costs
975611482541254261509,4471382721565961,560909502422
Loss (Gain) From Sale of Investments
---2---23-1-203------55-12-132-1-
Loss (Gain) on Equity Investments
--498--374783-2124506233877021619
Stock-Based Compensation
19015222924217512313815915910110914313711195107150604439
Other Operating Activities
-2612,416-374227-3,207-291-525-449-1,084-378-303-589-788-586-489-1,02751-580296-256
Change in Accounts Receivable
32246-136260-748288495708113-30434540053-486320305-439-53185
Change in Accounts Payable
200-1,033510-261885-1,026964-1,361621-753425-386793-1,6521,711-190132-1246183
Change in Other Net Operating Assets
-3,233-2,812-2,309-3,014-2,881-2,870-2,943-3,290-3,534-2,842-2,251-1,858-3,580-3,792-4,481-3,921-3,287-1,003-871-975
Operating Cash Flow
848-2081,8049799835532,7158471,2285853,5782,5162,014-6312,8461241,011323884811
Operating Cash Flow Growth (YoY)
-13.73%--33.55%15.58%-19.95%-5.47%-24.12%-66.33%-39.03%-25.72%1929.03%99.21%-221.95%-84.71%21.22%20.07%59.86%-5.70%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-276-268-421-278-281-251-286-215-252-195-268-457-292-299-364-316-222-85-100-106
Sale of Property, Plant & Equipment
----66-66--------------
Cash Acquisitions
-----------50---31,1902,419--2-
Investment in Securities
9-25-3-7131-3212-36309-53-21-46-32-13113-572-425415
Other Investing Activities
501168514-78033134110545145530-78265622-135
Investing Cash Flow
-217-282-418-330-236-1956-21870-207-234-458-310-257-2188622,351529-26-226

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Short-Term Debt Issued
-261---695---2,200----------
Long-Term Debt Issued
-----1,500-------2,432------
Total Debt Issued
15,781261677319,6592,195-2,59811,0222,2009091,6951,6672,4321,50879590---
Short-Term Debt Repaid
--261----695----2,200----------
Long-Term Debt Repaid
--139----3,665----1,047----2,539----327--
Total Debt Repaid
-16,354-400-1,880-1,260-19,695-4,360-635-3,445-12,061-3,247-2,102-4,110-3,323-2,539-2,498-3,295-3,590-327--235
Net Debt Issued (Repaid)
-573-139-1,203-1,257-36-2,165-635-847-1,039-1,047-1,193-2,415-1,656-107-990-2,500-3,500-327--235
Other Financing Activities
56-61786204527035-282-190-336-210405-325-282187-70-260-42-38
Financing Cash Flow
-517-756-1,117-1,2379-1,895-600-875-1,037-1,237-1,529-2,625-1,251-432-1,272-2,313-3,570-587-42-273

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-9-563-516195-195119-30-7474-80-152961-56-61-5-37-20
Net Cash Flow
105-1,302272-593917-1,4421,926-127231-9331,889-647438-1,2911,417-1,383-269260779292

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
572-4761,3837017023022,4296329763903,3102,0591,722-9302,482-192789238784705
Free Cash Flow Growth (YoY)
-18.52%--43.06%10.92%-28.07%-22.56%-26.62%-69.31%-43.32%-33.36%-118.25%-216.58%-4.23%32.96%77.78%-10.42%
Free Cash Flow Margin
6.56%-5.35%14.62%7.75%7.16%3.36%24.22%6.57%10.05%3.92%32.19%20.63%16.63%-8.69%22.55%-1.96%8.03%7.53%24.60%22.38%
Free Cash Flow Per Share
0.22-0.190.560.280.280.120.990.260.400.161.360.840.71-0.381.02-0.080.340.361.191.06
Levered Free Cash Flow
2,9026,5383,8662,8445,1834,1035,0343,8256,4395,0484,8544,3767,0033,7816,4967,9586,1111,8901,3962,224
Unlevered Free Cash Flow
3,2236,9034,2333,2005,4764,3975,2914,1566,7665,3595,1694,7287,3264,1416,8828,3026,4351,6751,6052,251

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
-6212,295---761,920--2,237---1,539---664-
Cash Income Tax Paid
-219176776--1,113---2493615183121684173459788306
Change in Working Capital
-3,001-3,599-1,935-3,015-2,744-3,608-1,484-3,943-2,800-3,899-1,481-1,844-2,734-5,930-2,450-3,806-3,594-1,132-807-707
SEC Filings: 10-K · 10-Q