2022 Q3 Form 10-Q Financial Statement

#000143710722000209 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $9.823B $9.827B $3.187B
YoY Change 211.84% 220.93% 10.43%
Cost Of Revenue $5.627B $6.625B $1.065B
YoY Change 268.02% 527.96% -2.2%
Gross Profit $4.196B $3.202B $2.122B
YoY Change 158.85% 59.54% 18.09%
Gross Profit Margin 42.72% 32.58% 66.58%
Selling, General & Admin $2.589B $3.538B $1.069B
YoY Change 174.26% 271.64% 32.14%
% of Gross Profit 61.7% 110.49% 50.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.174B $7.382B $1.305B
YoY Change 295.77% 562.66% -69.76%
% of Gross Profit 147.14% 230.54% 61.5%
Operating Expenses $2.589B $3.538B $1.608B
YoY Change 174.26% 271.64% 37.79%
Operating Profit -$2.190B -$3.639B $514.0M
YoY Change -765.65% -567.14% -18.41%
Interest Expense $555.0M $511.0M -$331.0M
YoY Change 249.06% 225.48% 409.23%
% of Operating Profit -64.4%
Other Income/Expense, Net -$28.00M -$51.00M $6.000M
YoY Change -135.9% -148.57% 500.0%
Pretax Income -$2.851B -$4.244B $183.0M
YoY Change -1323.61% -689.44% -56.01%
Income Tax -$566.0M -$836.0M $92.00M
% Of Pretax Income 50.27%
Net Earnings -$2.308B -$3.418B $38.00M
YoY Change -1579.49% -608.63% -85.98%
Net Earnings / Revenue -23.5% -34.78% 1.19%
Basic Earnings Per Share -$0.95 -$1.50
Diluted Earnings Per Share -$0.95 -$1.50 $57.49K
COMMON SHARES
Basic Shares Outstanding 2.428B shares 2.286B shares
Diluted Shares Outstanding 2.428B shares 2.286B shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.422B $2.575B $3.905B
YoY Change -22.27% -9.14% 86.75%
Cash & Equivalents $2.422B $2.575B $3.905B
Short-Term Investments
Other Short-Term Assets $2.293B $5.825B $913.0M
YoY Change 112.71% 370.9% -39.21%
Inventory $149.0M $139.0M $1.000M
Prepaid Expenses
Receivables $6.669B $7.049B $2.446B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.67B $15.45B $7.264B
YoY Change 90.38% 129.62% 18.5%
LONG-TERM ASSETS
Property, Plant & Equipment $8.365B $5.597B $1.336B
YoY Change 538.55% 351.74% 10.78%
Goodwill $34.45B $34.27B $12.91B
YoY Change 165.88% 163.38% -1.21%
Intangibles $46.74B $48.72B $6.317B
YoY Change 589.03% 588.68% -17.32%
Long-Term Investments $543.0M
YoY Change 7.1%
Other Assets $8.752B $8.077B $2.766B
YoY Change 199.42% 177.46% 32.03%
Total Long-Term Assets $123.4B $126.8B $27.16B
YoY Change 346.02% 355.36% -2.84%
TOTAL ASSETS
Total Short-Term Assets $12.67B $15.45B $7.264B
Total Long-Term Assets $123.4B $126.8B $27.16B
Total Assets $136.0B $142.2B $34.43B
YoY Change 296.44% 311.43% 1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.534B $1.397B $412.0M
YoY Change -35.03% -35.74% 3.78%
Accrued Expenses $10.20B $10.28B $2.230B
YoY Change 24.37%
Deferred Revenue $1.688B $1.663B $478.0M
YoY Change 170.08% 106.33% -14.18%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.257B $1.097B $339.0M
YoY Change 260.17% 87.52% 1.19%
Total Short-Term Liabilities $14.68B $14.44B $3.459B
YoY Change 340.06% 304.94% 12.23%
LONG-TERM LIABILITIES
Long-Term Debt $48.80B $51.39B $14.42B
YoY Change 238.04% 255.33% -4.31%
Other Long-Term Liabilities $10.36B $9.803B $1.927B
YoY Change 445.19% 447.65% -4.56%
Total Long-Term Liabilities $10.36B $9.803B $16.35B
YoY Change -36.56% -39.68% -4.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.68B $14.44B $3.459B
Total Long-Term Liabilities $10.36B $9.803B $16.35B
Total Liabilities $85.97B $89.29B $21.03B
YoY Change 310.94% 319.93% -3.1%
SHAREHOLDERS EQUITY
Retained Earnings $4.306B $6.614B $9.580B
YoY Change -54.78% -29.34% 12.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.244B
YoY Change 0.0%
Treasury Stock Shares 230.0M shares
Shareholders Equity $48.52B $51.38B $11.60B
YoY Change
Total Liabilities & Shareholders Equity $136.0B $142.2B $34.43B
YoY Change 296.44% 311.43% 1.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.308B -$3.418B $38.00M
YoY Change -1579.49% -608.63% -85.98%
Depreciation, Depletion And Amortization $6.174B $7.382B $1.305B
YoY Change 295.77% 562.66% -69.76%
Cash From Operating Activities $124.0M $1.011B $884.0M
YoY Change -84.71% 21.22% -67.73%
INVESTING ACTIVITIES
Capital Expenditures -$316.0M -$222.0M -$100.0M
YoY Change 198.11% 188.31% -75.12%
Acquisitions
YoY Change
Other Investing Activities $1.178B $2.573B $74.00M
YoY Change -1081.67% 2099.15% -124.58%
Cash From Investing Activities $862.0M $2.351B -$26.00M
YoY Change -481.42% 5777.5% -96.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.313B -3.570B -42.00M
YoY Change 747.25% 5073.91% -97.29%
NET CHANGE
Cash From Operating Activities 124.0M 1.011B 884.0M
Cash From Investing Activities 862.0M 2.351B -26.00M
Cash From Financing Activities -2.313B -3.570B -42.00M
Net Change In Cash -1.327B -208.0M 816.0M
YoY Change -525.32% -125.84% 67.56%
FREE CASH FLOW
Cash From Operating Activities $124.0M $1.011B $884.0M
Capital Expenditures -$316.0M -$222.0M -$100.0M
Free Cash Flow $440.0M $1.233B $984.0M
YoY Change -52.02% 35.35% -68.67%

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<div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. 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="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates and judgments inherent in the preparation of the consolidated financial statements include accounting for asset impairments, revenue recognition, estimated credit losses, content rights, leases, depreciation and amortization, business combinations, share-based compensation, income taxes, other financial instruments, contingencies, estimated defined benefit plan liabilities, and the determination of whether the Company should consolidate certain entities.</span></div>
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q2 disca Finite Lived Intangible Asset Expected Amortization After Year Four
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us-gaap Restructuring Charges
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CY2021Q4 us-gaap Restructuring Reserve
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disca Restructuring Reserves Segment Recast
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Contract With Customer Asset Net Noncurrent
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CY2022Q2 us-gaap Contract With Customer Liability Current
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2022Q2 us-gaap Gain Loss On Securitization Of Financial Assets
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CY2022Q2 us-gaap Cash Flows Between Transferee And Transferor Proceeds From New Transfers
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CY2022Q2 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
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CY2022Q2 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
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CY2022Q2 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred
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CY2022Q2 disca Transfer And Servicing Of Financial Assets Accounted For As Sales Accounts Receivables Sold
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CY2022Q2 disca Film Programming Cost After Amortization
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CY2022Q2 disca Content Game Development Costs After Amortization
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CY2022Q2 disca Content Rights Net
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CY2022Q2 disca Content Rights And Prepaid License Fees Net Current
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CY2022Q2 disca Content Library Net Noncurrent
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CY2021Q4 us-gaap Film Monetized On Its Own Capitalized Cost
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CY2021Q4 us-gaap Film Costs
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CY2021Q4 disca Film Programming Cost After Amortization
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CY2021Q4 disca Content Game Development Costs After Amortization
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CY2021Q4 disca Content Rights Net
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CY2021Q4 disca Content Rights And Prepaid License Fees Net Current
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CY2021Q4 disca Content Library Net Noncurrent
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CY2022Q2 us-gaap Film Monetized On Its Own Amortization Expense
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CY2021Q2 us-gaap Film Monetized On Its Own Amortization Expense
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us-gaap Film Monetized On Its Own Amortization Expense
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us-gaap Film Monetized On Its Own Amortization Expense
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CY2022Q2 disca Film Monetized On Its Own Impairment
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CY2021Q2 disca Film Monetized On Its Own Impairment
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disca Film Monetized On Its Own Impairment
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disca Film Monetized On Its Own Impairment
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CY2022Q2 disca Film Monetized On Its Own Content Expense
FilmMonetizedOnItsOwnContentExpense
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CY2021Q2 disca Film Monetized On Its Own Content Expense
FilmMonetizedOnItsOwnContentExpense
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disca Film Monetized On Its Own Content Expense
FilmMonetizedOnItsOwnContentExpense
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disca Film Monetized On Its Own Content Expense
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CY2022Q2 us-gaap Film Monetized In Film Group Amortization Expense
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CY2021Q2 us-gaap Film Monetized In Film Group Amortization Expense
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us-gaap Film Monetized In Film Group Amortization Expense
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us-gaap Film Monetized In Film Group Amortization Expense
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CY2022Q2 disca Film Monetized In Film Group Impairment
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CY2021Q2 disca Film Monetized In Film Group Impairment
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disca Film Monetized In Film Group Impairment
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CY2022Q2 disca Film Monetized In Film Group Content Expense
FilmMonetizedInFilmGroupContentExpense
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CY2021Q2 disca Film Monetized In Film Group Content Expense
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disca Film Monetized In Film Group Content Expense
FilmMonetizedInFilmGroupContentExpense
4320000000 usd
disca Film Monetized In Film Group Content Expense
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1467000000 usd
CY2022Q2 disca Film Monetized On Its Own And Film Group Content Expense
FilmMonetizedOnItsOwnAndFilmGroupContentExpense
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CY2021Q2 disca Film Monetized On Its Own And Film Group Content Expense
FilmMonetizedOnItsOwnAndFilmGroupContentExpense
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disca Film Monetized On Its Own And Film Group Content Expense
FilmMonetizedOnItsOwnAndFilmGroupContentExpense
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disca Film Monetized On Its Own And Film Group Content Expense
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CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2022Q2 us-gaap Investments
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CY2021Q4 us-gaap Investments
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CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
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CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
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CY2021Q2 us-gaap Operating Lease Cost
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disca Finance Lease Cost
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disca Finance Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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CY2022Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
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CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
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CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
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CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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CY2022Q2 us-gaap Finance Lease Liability Payments Due
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CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
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