2019 Q4 Form 10-K Financial Statement

#000143710720000006 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q2 2019
Revenue $2.874B $2.885B $11.14B
YoY Change 2.31% 1.41% 5.6%
Cost Of Revenue $977.0M $938.0M $3.752B
YoY Change 13.47% -5.73% -4.65%
Gross Profit $1.897B $1.947B $7.392B
YoY Change -2.62% 5.24% 11.7%
Gross Profit Margin 66.01% 67.49% 66.33%
Selling, General & Admin $793.0M $709.0M $2.788B
YoY Change 20.7% 3.2% 6.41%
% of Gross Profit 41.8% 36.41% 37.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.108B $1.001B $1.347B
YoY Change -4.65% -24.11% -3.65%
% of Gross Profit 58.41% 51.41% 18.22%
Operating Expenses $1.126B $709.0M $2.788B
YoY Change 6.83% 3.2% 6.41%
Operating Profit $705.0M $911.0M $3.009B
YoY Change -0.84% 40.15% 55.58%
Interest Expense -$141.0M $161.0M $677.0M
YoY Change -35.91% -17.86% -7.13%
% of Operating Profit -20.0% 17.67% 22.5%
Other Income/Expense, Net -$1.000M $9.000M -$8.000M
YoY Change -133.33% -119.15% -93.33%
Pretax Income $563.0M $716.0M $2.294B
YoY Change 13.97% 95.1% 124.46%
Income Tax $52.00M -$271.0M $81.00M
% Of Pretax Income 9.24% -37.85% 3.53%
Net Earnings $476.0M $947.0M $2.069B
YoY Change 76.95% 338.43% 248.32%
Net Earnings / Revenue 16.56% 32.82% 18.57%
Basic Earnings Per Share
Diluted Earnings Per Share $0.50 $0.97 $2.910M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.552B $1.321B $1.552B
YoY Change 57.4% 236.99% 57.4%
Cash & Equivalents $1.552B $1.321B $1.552B
Short-Term Investments
Other Short-Term Assets $1.032B $757.0M $1.032B
YoY Change 65.12% -1.3% 65.12%
Inventory
Prepaid Expenses
Receivables $2.633B $2.854B $2.633B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.217B $4.932B $5.217B
YoY Change 23.3% 26.27% 23.3%
LONG-TERM ASSETS
Property, Plant & Equipment $951.0M $828.0M $1.564B
YoY Change 18.88% 5.61% 95.5%
Goodwill $13.05B $13.22B
YoY Change 0.34% 0.79%
Intangibles $8.667B $9.172B
YoY Change -10.41% -11.54%
Long-Term Investments $568.0M $542.0M $568.0M
YoY Change -39.25% -47.02% -39.25%
Other Assets $2.153B $1.891B $1.540B
YoY Change 157.84% 95.76% 84.43%
Total Long-Term Assets $28.52B $28.91B $28.52B
YoY Change 0.7% -2.27% 0.7%
TOTAL ASSETS
Total Short-Term Assets $5.217B $4.932B $5.217B
Total Long-Term Assets $28.52B $28.91B $28.52B
Total Assets $33.74B $33.85B $33.74B
YoY Change 3.64% 1.05% 3.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $463.0M $325.0M $463.0M
YoY Change 42.46% 8.33% 42.46%
Accrued Expenses $1.678B $1.570B $1.606B
YoY Change 4.61% 6.59% 0.12%
Deferred Revenue $489.0M $293.0M
YoY Change 96.39% 5.78%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $609.0M $1.686B $656.0M
YoY Change -66.52% 160.99% -63.94%
Total Short-Term Liabilities $3.239B $3.874B $3.239B
YoY Change -18.96% 43.69% -18.96%
LONG-TERM LIABILITIES
Long-Term Debt $14.81B $14.82B $15.01B
YoY Change -1.1% -16.17% 0.26%
Other Long-Term Liabilities $2.029B $1.827B $1.826B
YoY Change 62.19% 64.74% 45.96%
Total Long-Term Liabilities $16.84B $16.65B $16.84B
YoY Change 3.78% 1401.35% 3.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.239B $3.874B $3.239B
Total Long-Term Liabilities $16.84B $16.65B $16.84B
Total Liabilities $21.77B $22.18B $23.84B
YoY Change -1.2% -5.44% -1.32%
SHAREHOLDERS EQUITY
Retained Earnings $7.333B $6.616B
YoY Change 39.57% 35.94%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.374B $6.737B
YoY Change 9.46% 0.0%
Treasury Stock Shares 190.0M shares
Shareholders Equity $9.891B $9.621B $9.891B
YoY Change
Total Liabilities & Shareholders Equity $33.74B $33.85B $33.74B
YoY Change 3.64% 1.05% 3.64%

Cashflow Statement

Concept 2019 Q4 2019 Q2 2019
OPERATING ACTIVITIES
Net Income $476.0M $947.0M $2.069B
YoY Change 76.95% 338.43% 248.32%
Depreciation, Depletion And Amortization $1.108B $1.001B $1.347B
YoY Change -4.65% -24.11% -3.65%
Cash From Operating Activities $1.232B $674.0M $3.399B
YoY Change 32.62% 21.22% 31.95%
INVESTING ACTIVITIES
Capital Expenditures $100.0M $78.00M $289.0M
YoY Change 143.9% 129.41% 96.6%
Acquisitions $73.00M
YoY Change -99.15%
Other Investing Activities -$47.00M -$48.00M $1.000M
YoY Change 1466.67% -138.1% -101.37%
Cash From Investing Activities -$147.0M -$126.0M -$438.0M
YoY Change 234.09% -236.96% -94.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -365.0M 9.000M -$2.357B
YoY Change -15.31% -100.86% 732.86%
NET CHANGE
Cash From Operating Activities 1.232B 674.0M $3.399B
Cash From Investing Activities -147.0M -126.0M -$438.0M
Cash From Financing Activities -365.0M 9.000M -$2.357B
Net Change In Cash 720.0M 557.0M $566.0M
YoY Change 58.59% -241.37% -108.95%
FREE CASH FLOW
Cash From Operating Activities $1.232B $674.0M $3.399B
Capital Expenditures $100.0M $78.00M $289.0M
Free Cash Flow $1.132B $596.0M $3.110B
YoY Change 27.48% 14.18% 28.04%

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CY2017 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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34000000 USD
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84000000 USD
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CY2018 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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29000000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2017 us-gaap Proceeds From Lines Of Credit
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57000000 USD
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CY2019 us-gaap Number Of Reportable Segments
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<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from these estimates. </span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Significant estimates and judgments inherent in the preparation of the consolidated financial statements include accounting for asset impairments, revenue recognition, allowances for doubtful accounts, content rights, leases, depreciation and amortization, business combinations, share-based compensation, defined benefit plans, income taxes, other financial instruments, contingencies, and the determination of whether the Company should consolidate certain entities.</span></div>
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182000000 USD
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CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
9000000 USD
CY2019Q4 disca Accumulated Amortization
AccumulatedAmortization
6132000000 USD
CY2018Q4 disca Accumulated Amortization
AccumulatedAmortization
4735000000 USD
CY2019Q4 disca Content Rights Net
ContentRightsNet
3708000000 USD
CY2018Q4 disca Content Rights Net
ContentRightsNet
3382000000 USD
CY2019Q4 disca Content Library Net Current
ContentLibraryNetCurrent
579000000 USD
CY2018Q4 disca Content Library Net Current
ContentLibraryNetCurrent
313000000 USD
CY2019Q4 disca Content Library Net Non Current
ContentLibraryNetNonCurrent
3129000000 USD
CY2018Q4 disca Content Library Net Non Current
ContentLibraryNetNonCurrent
3069000000 USD
CY2019 disca Content Amortization
ContentAmortization
2786000000 USD
CY2018 disca Content Amortization
ContentAmortization
2858000000 USD
CY2017 disca Content Amortization
ContentAmortization
1878000000 USD
CY2019 disca Other Production Charges
OtherProductionCharges
412000000 USD
CY2018 disca Other Production Charges
OtherProductionCharges
471000000 USD
CY2017 disca Other Production Charges
OtherProductionCharges
310000000 USD
CY2019 disca Content Impairments
ContentImpairments
67000000 USD
CY2018 disca Content Impairments
ContentImpairments
430000000 USD
CY2017 disca Content Impairments
ContentImpairments
32000000 USD
CY2019 disca Content Expense
ContentExpense
3265000000 USD
CY2018 disca Content Expense
ContentExpense
3759000000 USD
CY2017 disca Content Expense
ContentExpense
2220000000 USD
CY2019Q4 us-gaap Percentage Of Unamortized Film Costs
PercentageOfUnamortizedFilmCosts
0.96
CY2019 disca Percentage Of Unamortized Film Costs Amortization Period
PercentageOfUnamortizedFilmCostsAmortizationPeriod
P3Y
CY2019Q4 disca Amortization Of Unamortized Content Rights Excluding In Process
AmortizationOfUnamortizedContentRightsExcludingInProcess
1500000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
7073000000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6121000000 USD
CY2018 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
40000000 USD
CY2018 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-148000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
13006000000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
194000000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
155000000 USD
CY2019 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
5000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
13050000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11554000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3051000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8503000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11438000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1928000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9510000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
180000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1097000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1064000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1032000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1001000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
922000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3387000000 USD
CY2017Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1300000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
15544000000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
16918000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
125000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
125000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
15419000000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
16793000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
609000000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1819000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
14810000000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
14974000000 USD
CY2019Q4 disca Debt Instrument Unamortized Discount Premium Net Current
DebtInstrumentUnamortizedDiscountPremiumNetCurrent
1000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
609000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
640000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1232000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1517000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1473000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
10073000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
114000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
44000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9000000 USD
CY2019 disca Finance Lease Cost
FinanceLeaseCost
53000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
10000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
98000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
44000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
369000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
38000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
613000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
82000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
621000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
703000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
231000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
47000000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
203000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
250000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0377
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0356
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
102000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
56000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
96000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
52000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
68000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
43000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
60000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
39000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
57000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
27000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
537000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
61000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
920000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
278000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
217000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
28000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
703000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
250000000 USD
CY2019Q4 disca Lessee Operating Lease Notyet Commenced Liability
LesseeOperatingLeaseNotyetCommencedLiability
21000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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89000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
51000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
90000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
46000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
92000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
41000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
58000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
34000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
51000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
41000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
564000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
73000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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944000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
286000000 USD
CY2018Q4 disca Interest Commitment
InterestCommitment
0 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
34000000 USD
CY2018Q4 disca Operating Leases Future Minimum Payments Due Net Total
OperatingLeasesFutureMinimumPaymentsDueNetTotal
944000000 USD
CY2018Q4 disca Capital Leases Future Minimum Payments Due Net Total
CapitalLeasesFutureMinimumPaymentsDueNetTotal
252000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
205000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
127000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2019 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
21000000 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
442000000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
415000000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
415000000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
413000000 USD
CY2016Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
243000000 USD
CY2019 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
25000000 USD
CY2018 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
0 USD
CY2017 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
137000000 USD
CY2019 disca Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
39000000 USD
CY2018 disca Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
25000000 USD
CY2017 disca Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
30000000 USD
CY2019 us-gaap Temporary Equity Net Income
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16000000 USD
CY2018 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
20000000 USD
CY2017 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
24000000 USD
CY2019 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
0 USD
CY2018 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
0 USD
CY2017 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
1000000 USD
CY2019 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
1000000 USD
CY2018 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
2000000 USD
CY2017 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
CY2019 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
14000000 USD
CY2018 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
3000000 USD
CY2017 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
38000000 USD
CY2019 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
4000000 USD
CY2018 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
CY2019 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
6000000 USD
CY2018 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
2000000 USD
CY2017 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
0 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
442000000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
415000000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
413000000 USD
CY2017Q1 disca Cash Settlement Amount Common Stock Repurchase Contract
CashSettlementAmountCommonStockRepurchaseContract
58000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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175000000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-3000000 USD
CY2017 disca Other Comprehensive Income Loss Net Of Tax Excluding Redeemable Noncontrolling Interest
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178000000 USD
CY2017 disca Redeemable Noncontrolling Interest Accumulated Other Comprehensive Income
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-1000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-164000000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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10000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-174000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-1000000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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5000000 USD
CY2019 disca Other Comprehensive Income Loss Net Of Tax Excluding Redeemable Noncontrolling Interest
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-6000000 USD
CY2019 disca Redeemable Noncontrolling Interest Accumulated Other Comprehensive Income
RedeemableNoncontrollingInterestAccumulatedOtherComprehensiveIncome
-1000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11144000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10553000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6873000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
597000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
369000000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
177000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
142000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
80000000 USD
CY2017 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
39000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
93000000 USD
CY2018Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
54000000 USD
CY2019Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
47000000 USD
CY2018Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
23000000 USD
CY2019 disca Performance Based Restricted Stock Units Vesting Range Minimum Percentage
PerformanceBasedRestrictedStockUnitsVestingRangeMinimumPercentage
0
CY2019 disca Performance Based Restricted Performance Restricted Stock Units Vesting Range Maximum Percentage
PerformanceBasedRestrictedPerformanceRestrictedStockUnitsVestingRangeMaximumPercentage
1
CY2019 disca Performance Based Restricted Performance Restricted Stock Units Vesting Range Maximum Percentage
PerformanceBasedRestrictedPerformanceRestrictedStockUnitsVestingRangeMaximumPercentage
1
CY2019Q4 disca Share Based Performance Target Percentage
ShareBasedPerformanceTargetPercentage
0.80
CY2019 disca Performance Based Restricted Performance Restricted Stock Units Vesting Range Maximum Percentage
PerformanceBasedRestrictedPerformanceRestrictedStockUnitsVestingRangeMaximumPercentage
1
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17000000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
68000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
42000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.43
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.95
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.99
CY2019Q4 disca Weighted Average Fair Value Of Sars Outstanding
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8.28
CY2018Q4 disca Weighted Average Fair Value Of Sars Outstanding
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3.31
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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37000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
44000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
30000000 USD
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
26000000 USD
CY2018 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
750000000 USD
CY2017 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
75000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
26000000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
345000000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
68000000 USD
CY2018 disca Content Impairments In Restructuring And Other Charges
ContentImpairmentsInRestructuringAndOtherCharges
405000000 USD
CY2017 disca Content Impairments In Restructuring And Other Charges
ContentImpairmentsInRestructuringAndOtherCharges
7000000 USD
CY2017Q4 us-gaap Restructuring Reserve
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43000000 USD
CY2018 disca Restructuring Charges Excluding Equity Award Exchanges
RestructuringChargesExcludingEquityAwardExchanges
93000000 USD
CY2018 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
245000000 USD
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
273000000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
108000000 USD
CY2019 disca Restructuring Charges Excluding Equity Award Exchanges
RestructuringChargesExcludingEquityAwardExchanges
-6000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
472000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
375000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019Q4 us-gaap Restructuring Reserve
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1022000000 USD
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482000000 USD
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2018 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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CY2019 disca Effective Income Tax Rate Reconciliation Preferred Stock Modification Percent
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CY2018 disca Effective Income Tax Rate Reconciliation Preferred Stock Modification Amount
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CY2018 disca Effective Income Tax Rate Reconciliation Preferred Stock Modification Percent
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CY2017 disca Effective Income Tax Rate Reconciliation Preferred Stock Modification Amount
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2018 us-gaap Income Tax Expense Benefit
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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CY2019Q4 us-gaap Deferred Tax Liabilities
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CY2018Q4 us-gaap Deferred Tax Liabilities
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CY2018Q4 us-gaap Deferred Tax Liabilities
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50000000 USD
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52000000 USD
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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67000000 USD
CY2017 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2019 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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