FN2 Earnings Intelligence
Warner Bros. Discovery, Inc. cash flow
Warner Bros. Discovery, Inc. (WBD) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $3,905 | $3,731 | $3,780 | $5,312 | $4,566 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $12,191 | $33,817 | $41,321 | $39,321 | $37,296 | $36,855.6 | $37,837.5 |
| % Growth | 14.2% | 177.4% | 22.2% | -4.8% | -5.1% | -1.2% | 2.7% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $3,594 | -$177 | $6,437 | -$2,995 | $6,422 | - | - |
| % Margin | 29.5% | -0.5% | 15.6% | -7.6% | 17.2% | - | - |
| Net Income | $1,006 | -$7,371 | -$3,126 | -$11,311 | $727 | - | - |
| % Margin | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% | - | - |
| Diluted EPS | $29.80 | -$3.82 | -$1.28 | -$4.62 | $0.29 | -$1.38 | -$0.06 |
| % Growth | -15.1% | -112.8% | 66.5% | -260.9% | 106.3% | -577.5% | 96.0% |
| Operating Cash Flow | $2,798 | $4,304 | $7,477 | $5,375 | $4,319 | - | - |
| CapEx | $373 | $987 | $1,316 | $948 | $1,231 | - | - |
| Free Cash Flow | $2,425 | $3,317 | $6,161 | $4,427 | $3,088 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $12,191 | $33,817 | $41,321 | $39,321 | $37,296 | $36,855.6 | $37,837.5 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $3,594 | -$177 | $6,437 | -$2,995 | $6,422 | - | - |
| Net Income | $1,006 | -$7,371 | -$3,126 | -$11,311 | $727 | - | - |
| Diluted EPS | $29.80 | -$3.82 | -$1.28 | -$4.62 | $0.29 | -$1.38 | -$0.06 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3,905 | $3,731 | $3,780 | $5,312 | $4,566 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $14,759 | $48,999 | $43,669 | $39,505 | $32,567 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,798 | $4,304 | $7,477 | $5,375 | $4,319 |
| Capital Expenditure | $373 | $987 | $1,316 | $948 | $1,231 |
| Free Cash Flow | $2,425 | $3,317 | $6,161 | $4,427 | $3,088 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 14.2% | 177.4% | 22.2% | -4.8% | -5.1% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 29.5% | -0.5% | 15.6% | -7.6% | 17.2% |
| Net Margin | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% |
| FCF Margin | 19.9% | 9.8% | 14.9% | 11.3% | 8.3% |
| Diluted EPS Growth | -15.1% | -112.8% | 66.5% | -260.9% | 106.3% |