2022 Q4 Form 10-Q Financial Statement

#000143710722000231 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $11.01B $9.823B $3.150B
YoY Change 245.4% 211.84% 23.0%
Cost Of Revenue $6.954B $5.627B $1.529B
YoY Change 552.96% 268.02% 52.44%
Gross Profit $4.054B $4.196B $1.621B
YoY Change 91.05% 158.85% 4.04%
Gross Profit Margin 36.83% 42.72% 51.46%
Selling, General & Admin $2.511B $2.589B $944.0M
YoY Change 134.89% 174.26% 49.13%
% of Gross Profit 61.94% 61.7% 58.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.253B $6.174B $1.560B
YoY Change 379.16% 295.77% 41.3%
% of Gross Profit 154.24% 147.14% 96.24%
Operating Expenses $4.680B $2.589B $944.0M
YoY Change 191.04% 174.26% 49.13%
Operating Profit -$626.0M -$2.190B $329.0M
YoY Change -221.79% -765.65% -38.04%
Interest Expense -$693.0M $555.0M $159.0M
YoY Change 109.37% 249.06% -1.24%
% of Operating Profit 48.33%
Other Income/Expense, Net $46.00M -$28.00M $78.00M
YoY Change 666.67% -135.9% -378.57%
Pretax Income -$2.541B -$2.851B $233.0M
YoY Change -1488.52% -1323.61% -26.96%
Income Tax -$462.0M -$566.0M $36.00M
% Of Pretax Income 15.45%
Net Earnings -$2.101B -$2.308B $156.0M
YoY Change -5628.95% -1579.49% -48.0%
Net Earnings / Revenue -19.09% -23.5% 4.95%
Basic Earnings Per Share -$0.95 $0.24
Diluted Earnings Per Share -$0.86 -$0.95 $235.3K
COMMON SHARES
Basic Shares Outstanding 2.428B shares 2.428B shares 589.0M shares
Diluted Shares Outstanding 2.428B shares 663.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.731B $2.422B $3.116B
YoY Change -4.46% -22.27% 64.61%
Cash & Equivalents $3.731B $2.422B $3.116B
Short-Term Investments
Other Short-Term Assets $2.657B $2.293B $1.078B
YoY Change 191.02% 112.71% -5.52%
Inventory $149.0M
Prepaid Expenses
Receivables $6.380B $6.669B $2.462B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.00B $12.67B $6.656B
YoY Change 92.72% 90.38% 21.5%
LONG-TERM ASSETS
Property, Plant & Equipment $5.301B $8.365B $1.310B
YoY Change 296.78% 538.55% 16.44%
Goodwill $34.44B $34.45B $12.96B
YoY Change 166.71% 165.88% -0.73%
Intangibles $44.98B $46.74B $6.784B
YoY Change 612.08% 589.03% -13.73%
Long-Term Investments $1.062B $545.0M
YoY Change 95.58% 1.68%
Other Assets $8.629B $8.752B $2.923B
YoY Change 211.97% 199.42% 38.86%
Total Long-Term Assets $120.0B $123.4B $27.66B
YoY Change 341.78% 346.02% -1.07%
TOTAL ASSETS
Total Short-Term Assets $14.00B $12.67B $6.656B
Total Long-Term Assets $120.0B $123.4B $27.66B
Total Assets $134.0B $136.0B $34.32B
YoY Change 289.23% 296.44% 2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.454B $1.534B $2.361B
YoY Change 252.91% -35.03% 485.86%
Accrued Expenses $11.50B $10.20B
YoY Change 415.87%
Deferred Revenue $1.694B $1.688B $625.0M
YoY Change 254.39% 170.08% 43.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $365.0M $1.257B $349.0M
YoY Change 7.67% 260.17% 3.87%
Total Short-Term Liabilities $15.02B $14.68B $3.335B
YoY Change 334.14% 340.06% 21.01%
LONG-TERM LIABILITIES
Long-Term Debt $48.82B $48.80B $14.44B
YoY Change 238.56% 238.04% -3.64%
Other Long-Term Liabilities $10.67B $10.36B $1.901B
YoY Change 453.66% 445.19% -11.91%
Total Long-Term Liabilities $10.67B $10.36B $16.34B
YoY Change -34.73% -36.56% -4.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.02B $14.68B $3.335B
Total Long-Term Liabilities $10.67B $10.36B $16.34B
Total Liabilities $85.33B $85.97B $20.92B
YoY Change 305.75% 310.94% -2.23%
SHAREHOLDERS EQUITY
Retained Earnings $2.205B $4.306B $9.522B
YoY Change -76.98% -54.78% 15.03%
Common Stock $27.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.244B
YoY Change 1.46%
Treasury Stock Shares 230.0M shares
Shareholders Equity $47.10B $48.52B $11.61B
YoY Change
Total Liabilities & Shareholders Equity $134.0B $136.0B $34.32B
YoY Change 289.23% 296.44% 2.63%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.101B -$2.308B $156.0M
YoY Change -5628.95% -1579.49% -48.0%
Depreciation, Depletion And Amortization $6.253B $6.174B $1.560B
YoY Change 379.16% 295.77% 41.3%
Cash From Operating Activities $2.846B $124.0M $811.0M
YoY Change 221.95% -84.71% -5.7%
INVESTING ACTIVITIES
Capital Expenditures $364.0M -$316.0M -$106.0M
YoY Change -464.0% 198.11% -245.21%
Acquisitions
YoY Change
Other Investing Activities $146.0M $1.178B -$120.0M
YoY Change 97.3% -1081.67% -62.85%
Cash From Investing Activities -$218.0M $862.0M -$226.0M
YoY Change 738.46% -481.42% -42.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.272B -2.313B -273.0M
YoY Change 2928.57% 747.25% -0.36%
NET CHANGE
Cash From Operating Activities 2.846B 124.0M 811.0M
Cash From Investing Activities -218.0M 862.0M -226.0M
Cash From Financing Activities -1.272B -2.313B -273.0M
Net Change In Cash 1.356B -1.327B 312.0M
YoY Change 66.18% -525.32% 64.21%
FREE CASH FLOW
Cash From Operating Activities $2.846B $124.0M $811.0M
Capital Expenditures $364.0M -$316.0M -$106.0M
Free Cash Flow $2.482B $440.0M $917.0M
YoY Change 152.24% -52.02% 16.52%

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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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CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022Q3 us-gaap Interest Expense
InterestExpense
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CY2021Q3 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
329000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q3 disca Asset Impairment Charges And Disposal Group Not Discontinued Operation Gain Loss On Disposal
AssetImpairmentChargesAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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CY2021Q3 disca Asset Impairment Charges And Disposal Group Not Discontinued Operation Gain Loss On Disposal
AssetImpairmentChargesAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
disca Asset Impairment Charges And Disposal Group Not Discontinued Operation Gain Loss On Disposal
AssetImpairmentChargesAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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disca Asset Impairment Charges And Disposal Group Not Discontinued Operation Gain Loss On Disposal
AssetImpairmentChargesAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
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CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
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us-gaap Restructuring Charges
RestructuringCharges
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us-gaap Restructuring Charges
RestructuringCharges
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CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
341000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
113000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2021Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
317000000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
124000000 usd
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
59000000 usd
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1129000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
52000000 usd
CY2022Q3 disca Business Combination Step Acquisition Equity Interest In Acquiree Fair Value Amortization
BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValueAmortization
645000000 usd
CY2021Q3 disca Business Combination Step Acquisition Equity Interest In Acquiree Fair Value Amortization
BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValueAmortization
0 usd
disca Business Combination Step Acquisition Equity Interest In Acquiree Fair Value Amortization
BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValueAmortization
1515000000 usd
disca Business Combination Step Acquisition Equity Interest In Acquiree Fair Value Amortization
BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValueAmortization
0 usd
CY2022Q3 disca Total Adjusted Ebitda
TotalAdjustedEBITDA
2424000000 usd
CY2021Q3 disca Total Adjusted Ebitda
TotalAdjustedEBITDA
726000000 usd
disca Total Adjusted Ebitda
TotalAdjustedEBITDA
5115000000 usd
disca Total Adjusted Ebitda
TotalAdjustedEBITDA
2680000000 usd

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