FinancialWarner Bros. Discovery
Warner Bros. Discovery Annual Report: Form 10-K 2023
23 Feb 20241 pages~364 min full read
Key insights
7 takeaways · ~3 min read- 01As of December 31, 2023, Warner Bros. Discovery had approximately 35,300 employees, with 53% located in the U.S. and 47% outside the U.S.
- 02The company's consolidated goodwill balance was $35.0 billion as of December 31, 2023, with $17.6 billion associated with Networks and $8.1 billion with DTC reporting units.
- 03Goodwill impairment assessments were performed as of October 1, 2023, for all reporting units, and no impairment was recorded as the estimated fair value of each reporting unit exceeded its carrying value.
- 04Impairments and loss on dispositions resulted in a $77 million loss in 2023, primarily due to lease impairments and costs from exiting AT&T SportsNets, a decrease from $117 million in 2022.
- 05Actual interest expense, net, increased by $444 million in 2023, mainly due to debt assumed from the Merger.
- 06Losses from equity method investees were $82 million in 2023, an improvement from $160 million in 2022.
- 07Foreign currency losses, net, increased from $150 million in 2022 to $173 million in 2023.
Summary
SEC 10-K filing for Warner Bros. Discovery, filed 2024-02-23.
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