Warner Bros. Discovery, Inc. (WBD) balance sheet
NASDAQ · Communication Services · Entertainment · 35,500 employees · CEO David Zaslav
- Price
- $30.95 0.00%
- Market cap
- $77.6B
- Enterprise value
- $106B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-05 EPS est. -$0.04
At the end of Q2 '26 Warner Bros. Discovery, Inc. (WBD) held $3.37B in cash and short-term investments against $32B of debt incl. leases. Total assets $97.2B, total liabilities $63.3B, shareholders' equity $32.8B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $2.38B | $3.78B | $2.98B | $3.61B | $3.34B | $5.31B | $3.87B | $4.89B | $3.99B | $4.57B | $3.26B | $3.37B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29M | $348M | $0 | $0 | $0 | |
| Receivables | $6.31B | $7.31B | $6.3B | $6.17B | $5.53B | $5.93B | $4.66B | $5.38B | $5.13B | $5.29B | $5.01B | $4.95B | |
| Other current assets | $4.14B | $2.28B | $4.62B | $3.65B | $3.64B | $2.06B | $4.25B | $3.31B | $3.6B | $3.35B | $3.47B | $4.22B | |
| Current assets | $12.8B | $14.2B | $13.9B | $13.4B | $12.5B | $14.1B | $12.8B | $13.6B | $13.1B | $13.2B | $11.7B | $12.5B | |
| Property, plant & equipment (net) | $5.81B | $5.96B | $5.94B | $6.04B | $6.16B | $6.09B | $6.21B | $6.41B | $6.52B | $6.69B | $6.64B | $6.65B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.46B | $1.47B | $0 | $0 | $0 | |
| Goodwill | $34.7B | $35B | $34.9B | $25.7B | $25.9B | $25.7B | $25.7B | $25.9B | $25.9B | $25.9B | $25.9B | $25.9B | |
| Intangible assets | $62.3B | $59.5B | $57.1B | $55.2B | $53.8B | $51.4B | $49.9B | $48.7B | $28.8B | $27.8B | $26.8B | $45.2B | |
| Other non-current assets | $8.05B | $8.1B | $8B | $7.65B | $8B | $7.33B | $7.09B | $5.58B | $24.8B | $26.5B | $26.8B | $7.03B | |
| Non-current assets | $111B | $109B | $106B | $94.6B | $93.8B | $90.5B | $88.9B | $88.1B | $87.5B | $86.9B | $86.1B | $84.7B | |
| Total assets | $124B | $123B | $120B | $108B | $106B | $105B | $102B | $102B | $101B | $100B | $97.8B | $97.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $1.33B | $1.26B | $1.25B | $1.15B | $1.12B | $1.06B | $1.01B | $1.07B | $1.08B | $1.09B | $1.11B | $1.06B | |
| Accrued expenses | $10B | $8.25B | $10.3B | $10.9B | $10B | $10.4B | $9.9B | $10.2B | $69M | $8.96B | $0 | $12.1B | |
| Short-term debt | $1.3B | $1.78B | $3.43B | $3.67B | $3.04B | $2.75B | $2.78B | $221M | $364M | $139M | $1.49B | $1.49B | |
| Deferred revenue | $1.92B | $1.92B | $1.99B | $2.02B | $1.53B | $1.57B | $1.6B | $1.53B | $1.65B | $1.64B | $1.59B | $1.51B | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9B | $0 | $11.9B | $0 | |
| Current liabilities | $14.6B | $15.3B | $17B | $17.8B | $15.7B | $15.8B | $15.3B | $13B | $12.2B | $12.5B | $16.1B | $16.1B | |
| Long-term debt | $43.5B | $41.9B | $39.1B | $37.3B | $37.2B | $36.8B | $34.6B | $34.4B | $33.4B | $32.4B | $31B | $30.5B | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $227M | $0 | $0 | $1.06B | |
| Deferred tax liabilities | $9.1B | $8.74B | $8.3B | $7.81B | $7.34B | $6.99B | $6.71B | $6.49B | $6.71B | $6.38B | $5.87B | $5.58B | |
| Other non-current liabilities | $10.4B | $10.3B | $10.1B | $9.75B | $9.96B | $10.1B | $9.86B | $10.4B | $10.7B | $11.6B | $11.2B | $9.94B | |
| Non-current liabilities | $63B | $61B | $57.6B | $54.8B | $54.5B | $53.8B | $51.2B | $51.3B | $51.1B | $50.4B | $48B | $47.1B | |
| Total liabilities | $77.6B | $76.3B | $74.5B | $72.6B | $70.2B | $69.6B | $66.5B | $64.4B | $63.2B | $62.9B | $64.1B | $63.3B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | |
| Retained earnings | -$526M | -$928M | -$1.89B | -$11.9B | -$11.7B | -$12.2B | -$12.7B | -$11.1B | -$11.3B | -$11.5B | -$14.4B | -$14.3B | |
| Accumulated other comprehensive income | -$1.43B | -$741M | -$913M | -$890M | -$401M | -$1.07B | -$840M | -$371M | -$431M | -$407M | -$642M | -$688M | |
| Shareholders' equity | $44.8B | $45.2B | $44.2B | $34.3B | $35.1B | $34B | $33.8B | $36B | $36B | $35.9B | $32.6B | $32.8B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $44.8B | $43.7B | $42.6B | $41B | $40.2B | $39.5B | $37.4B | $34.6B | $33.7B | $32.6B | $32.5B | $32B | |
| Net debt (debt - cash) | $42.4B | $39.9B | $39.6B | $37.3B | $36.9B | $34.2B | $33.6B | $29.7B | $29.8B | $28B | $29.2B | $28.7B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $300M | $7.31B | $986M | $1.55B | $2.09B | $3.91B | $3.73B | $3.78B | $5.31B | $4.57B | |
| Receivables | $1.5B | $1.84B | $2.62B | $2.63B | $2.54B | $2.45B | $7.61B | $7.31B | $5.93B | $5.29B | |
| Other current assets | $310M | $410M | $313M | $579M | $532M | $245M | $2.11B | $2.28B | $2.06B | $3.35B | |
| Current assets | $2.5B | $9.99B | $4.23B | $5.22B | $6.13B | $7.26B | $14B | $14.2B | $14.1B | $13.2B | |
| Property, plant & equipment (net) | $482M | $597M | $800M | $951M | $1.21B | $1.34B | $5.3B | $5.96B | $6.09B | $6.69B | |
| Long-term investments | $557M | $335M | $935M | $568M | $507M | $543M | $0 | $0 | $0 | $0 | |
| Goodwill | $8.04B | $7.07B | $13B | $13.1B | $13.1B | $12.9B | $34.4B | $35B | $25.7B | $25.9B | |
| Intangible assets | $3.6B | $3.98B | $12.7B | $11.8B | $11.1B | $10.1B | $71.6B | $59.5B | $51.4B | $27.8B | |
| Other non-current assets | $490M | $576M | $835M | $2.15B | $2.1B | $2.22B | $8.63B | $8.1B | $7.33B | $26.5B | |
| Non-current assets | $13.2B | $12.6B | $28.3B | $28.5B | $28B | $27.2B | $120B | $109B | $90.5B | $86.9B | |
| Total assets | $15.7B | $22.6B | $32.6B | $33.7B | $34.1B | $34.4B | $134B | $123B | $105B | $100B | |
| Liabilities | |||||||||||
| Accounts payable | $241M | $277M | $325M | $463M | $397M | $412M | $1.45B | $1.26B | $1.06B | $1.09B | |
| Accrued expenses | $837M | $1.09B | $1.22B | $1.22B | $1.27B | $2.23B | $8.35B | $8.25B | $10.4B | $8.96B | |
| Short-term debt | $82M | $30M | $1.82B | $609M | $335M | $339M | $365M | $1.78B | $2.75B | $139M | |
| Taxes payable | $34M | $45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $163M | $255M | $249M | $489M | $557M | $478M | $1.69B | $1.92B | $1.57B | $1.64B | |
| Other current liabilities | $31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Current liabilities | $1.56B | $1.87B | $4B | $3.24B | $3.08B | $3.46B | $15B | $15.3B | $15.8B | $12.5B | |
| Long-term debt | $7.84B | $14.8B | $15B | $14.8B | $15.1B | $14.4B | $48.6B | $41.9B | $36.8B | $32.4B | |
| Deferred tax liabilities | $467M | $319M | $1.81B | $1.69B | $1.53B | $1.23B | $11B | $8.74B | $6.99B | $6.38B | |
| Other non-current liabilities | $393M | $587M | $1.25B | $2.03B | $2.02B | $1.93B | $10.7B | $10.3B | $10.1B | $11.6B | |
| Non-current liabilities | $8.7B | $15.7B | $18B | $18.5B | $18.6B | $17.6B | $70.3B | $61B | $53.8B | $50.4B | |
| Total liabilities | $10.3B | $17.5B | $22B | $21.8B | $21.7B | $21B | $85.3B | $76.3B | $69.6B | $62.9B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $5M | $5M | $7M | $7M | $7M | $7M | $27M | $27M | $27M | $27M | |
| Retained earnings | $5.23B | $4.63B | $5.25B | $7.33B | $8.54B | $9.58B | $2.21B | -$928M | -$12.2B | -$11.5B | |
| Accumulated other comprehensive income | -$762M | -$585M | -$785M | -$822M | -$651M | -$830M | -$1.52B | -$741M | -$1.07B | -$407M | |
| Shareholders' equity | $5.17B | $4.61B | $8.39B | $9.89B | $10.5B | $11.6B | $47.1B | $45.2B | $34B | $35.9B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $7.92B | $14.8B | $16.8B | $15.4B | $15.4B | $14.8B | $49B | $43.7B | $39.5B | $32.6B | |
| Net debt (debt - cash) | $7.62B | $7.48B | $15.8B | $13.9B | $13.3B | $10.9B | $45.3B | $39.9B | $34.2B | $28B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01