WBD · As filed with the SEC

Warner Bros. Discovery balance sheet, by fiscal year

The statement as Warner Bros. Discovery presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD millions, shares in millions

USD millions, shares in millions	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
ASSETS
Current assets:
Cash and cash equivalents	4,566	5,312	3,780	3,731	3,905	2,091	1,552
Receivables, net	5,294	4,947	6,047	6,380	2,446	2,537	2,633
Content rights and prepaid license fees, net	—	—	—	—	245	532	579
Prepaid expenses and other current assets	3,346	3,819	4,391	3,888	668	970	453
Total current assets	13,206	14,078	14,218	13,999	7,264	6,130	5,217
Noncurrent content rights, net	—	—	—	—	3,832	3,439	3,129
Property and equipment, net	—	—	—	—	1,336	1,206	951
Film and television content rights and games	—	—	—	26,652	—	—	—
Film and television content rights and games	19,114	19,102	21,229	—	—	—	—
Property and equipment, net	6,685	6,087	5,957	5,301	—	—	—
Goodwill	25,933	25,667	34,969	34,438	12,912	13,070	13,050
Intangible assets, net	27,764	32,299	38,285	44,982	6,317	7,640	8,667
Equity method investments	—	—	—	—	543	507	568
Other noncurrent assets	7,383	7,327	8,099	8,629	2,223	2,095	2,153
Total assets	100,085	104,560	122,757	134,001	34,427	34,087	33,735
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	1,093	1,055	1,260	1,454	412	397	463
Accrued liabilities	9,626	10,438	10,368	11,504	2,230	1,793	1,678
Deferred revenues	1,642	1,569	1,924	1,694	478	557	489
Current portion of debt	139	2,748	1,780	365	339	335	609
Total current liabilities	12,500	15,810	15,332	15,017	3,459	3,082	3,239
Noncurrent portion of debt	32,428	36,757	41,889	48,634	14,420	15,069	14,810
Deferred income taxes	6,383	6,985	8,736	11,014	1,225	1,534	1,691
Other noncurrent liabilities	11,608	10,070	10,328	10,669	1,927	2,019	2,029
Total liabilities	62,919	69,622	76,285	85,334	21,031	21,704	21,769
Redeemable noncontrolling interests	19	109	165	318	363	383	442
Warner Bros. Discovery, Inc. stockholders’ equity:
Series A common stock: $0.01 par value; 10,800 and 10,800 shares authorized; 2,710 and 2,684 shares issued; and 2,480 and 2,454 shares outstanding	27	27	27	27	—	—	—
Series A Common Stock	—	—	—	—	2	2	2
Series B Common Stock	—	—	—	—	0	0	0
Series C Common Stock	—	—	—	—	5	5	5
Preferred stock: $0.01 par value; 1,200 and 1,200 shares authorized, 0 shares issued and outstanding	0	0	0	0	—	—	—
Series A-1 Convertible Preferred Stock	—	—	—	—	0	0	0
Series C-1 Convertible Preferred Stock	—	—	—	—	0	0	0
Additional paid-in capital	56,055	55,560	55,112	54,630	11,086	10,809	10,747
Treasury stock, at cost: 230 shares	—	—	—	—	(8,244)	(8,244)	(7,374)
Treasury stock, at cost: 230 and 230 shares	(8,244)	(8,244)	(8,244)	(8,244)	—	—	—
Accumulated deficit	(11,512)	(12,239)	(928)	2,205	9,580	8,543	7,333
Accumulated other comprehensive loss	(407)	(1,067)	(741)	(1,523)	(830)	(651)	(822)
Total Warner Bros. Discovery, Inc. stockholders’ equity	35,919	34,037	45,226	47,095	11,599	10,464	9,891
Noncontrolling interests	1,228	792	1,081	1,254	1,434	1,536	1,633
Total equity	37,147	34,829	46,307	48,349	13,033	12,000	11,524
Total liabilities and equity	100,085	104,560	122,757	134,001	34,427	34,087	33,735
Treasury stock (shares)	—	—	—	230	—	—	—

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.