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Warner Bros. Discovery, Inc. Form 10-K for the fiscal year ended December 31, 2024

The annual report, pinned for the ASC topics video series: the cash flow statement, the segment Adjusted EBITDA reconciliation, and the Networks goodwill impairment.

On this page
  1. The filing
  2. Figures used
  3. Statements quoted
Authority and currency

About this authority

Publisher
U.S. Securities and Exchange Commission
Standing
Primary authority
Version
As filed February 27, 2025; accession 0001437107-25-000031
Relevant parts
Consolidated statements of cash flows; Item 7 segment results; Note 5 (goodwill); Note 23 (reportable segments)
Currency
current · checked Sep 28, 2026

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The filing

Warner Bros. Discovery filed this annual report on February 27, 2025 for the year ended December 31, 2024. The ASC topics series uses three parts of it. All amounts are in millions of dollars, as the filing presents them.

Figures used

Figure Amount Where
Net loss $(11,482) Consolidated statements of cash flows, first line
Depreciation and amortization 7,037 Same statement, adjustments
Impairments and loss on dispositions 9,603 Same statement, adjustments
Deferred income taxes (1,732) Same statement, adjustments
Share-based compensation expense 557 Same statement, adjustments
Cash provided by operating activities 5,375 Same statement
Purchases of property and equipment (948) Same statement, investing activities
Segment Adjusted EBITDA $10,478 Note on reportable segments, reconciliation to loss before income taxes
Operating loss (10,032) Same reconciliation
Loss before income taxes $(11,388) Same reconciliation
Net loss available to Warner Bros. Discovery, Inc. $(11,311) Item 7, consolidated results
Goodwill, December 31, 2024 25,667 Consolidated balance sheets
Goodwill, December 31, 2023 34,969 Consolidated balance sheets

Statements quoted

  • Item 7 defines Adjusted EBITDA as "operating income excluding" a list that begins with employee share-based compensation, depreciation and amortization, restructuring and facility consolidation, and certain impairment charges.
  • Item 7 states that the Networks reporting unit's carrying value exceeded its fair value and the company "recorded a pre-tax, non-cash goodwill impairment charge of $9.1 billion during the second quarter of 2024."
  • Fair value was determined using a discounted cash flow method.
  • The goodwill impairment charge "does not have an impact on the calculation of our financial covenants under our debt arrangements."