Summary - Funding Rounds
Founding Date | 1990 |
Warner Media is a subsidiary of AT&T
Warner Media Revenue Breakdown
Warner Media revenue breakdown by business segment: 37.5% from Turner, 19.4% from Home Box Office and 43.0% from Warner Bros.
Warner Media Income Statement
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Revenue | 28.1b | 29.3b | 31.3b |
Revenue growth, % | 3% | 4% | 7% |
Cost of goods sold | 17.6b | ||
Gross profit | 13.6b | ||
Gross profit Margin, % | 44% | ||
General and administrative expense | 5.1b | 5.4b | |
Operating expense total | 5.1b | 5.4b | |
Depreciation and amortization | (197.0m) | ||
EBIT | 6.9b | 7.5b | 7.9b |
EBIT margin, % | 24% | 26% | 25% |
Interest expense | 1.2b | 1.2b | 1.0b |
Pre tax profit | 5.4b | 5.2b | 5.9b |
Income tax expense | 1.7b | 1.3b | 701.0m |
Net Income | 3.8b | 3.9b | 5.2b |
- Source: SEC Filings
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|
Revenue | 7.3b | 7.0b | 7.2b | 7.7b | 7.3b | 7.6b | 8.0b |
Cost of goods sold | 4.0b | 3.8b | 3.9b | 4.3b | 4.2b | 3.9b | 4.7b |
Gross profit | 3.3b | 3.1b | 3.3b | 3.4b | 3.1b | 3.7b | 3.3b |
Gross profit Margin, % | 45% | 45% | 46% | 44% | 43% | 48% | 41% |
General and administrative expense | 1.3b | 1.3b | 1.2b | 1.3b | 1.4b | 1.4b | 1.4b |
Operating expense total | 1.3b | 1.3b | 1.2b | 1.3b | 1.4b | 1.4b | 1.4b |
Depreciation and amortization | (48.0m) | (47.0m) | (48.0m) | (45.0m) | (46.0m) | (45.0m) | (43.0m) |
EBIT | 2.0b | 1.8b | 2.0b | 2.1b | 1.7b | 2.2b | 1.8b |
EBIT margin, % | 27% | 27% | 28% | 27% | 23% | 30% | 23% |
Interest expense | 284.0m | 292.0m | 298.0m | 259.0m | 249.0m | 254.0m | 207.0m |
Pre tax profit | 1.7b | 1.4b | 1.7b | 1.9b | 1.5b | 1.9b | 1.5b |
Income tax expense | 498.0m | 472.0m | 217.0m | 470.0m | 452.0m | 550.0m | (132.0m) |
Net Income | 1.2b | 951.0m | 1.5b | 1.4b | 1.1b | 1.4b | 1.6b |
- Source: SEC Filings
Warner Media Balance Sheet
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 2.2b | 1.5b | 2.6b |
Inventories | 1.8b | 2.1b | 2.4b |
Current Assets | 12.5b | 13.5b | 15.2b |
PP&E | 2.6b | 2.5b | 2.7b |
Goodwill | 27.7b | 27.8b | 27.8b |
Total Assets | 63.8b | 66.0b | 69.2b |
Accounts Payable | 3.6m | 7.9b | |
Short-term debt | |||
Current Liabilities | 8.0b | 9.7b | 14.1b |
Long-term debt | 23.6b | 22.4b | 18.3b |
Total Debt | 23.6b | 22.4b | 18.3b |
Additional Paid-in Capital | 148.0b | 146.8b | 145.1b |
Retained Earnings | (77.4b) | (73.5b) | (68.2b) |
Total Equity | 23.6b | 24.3b | 28.4b |
Debt to Equity Ratio | 1 x | 0.9 x | 0.6 x |
Debt to Assets Ratio | 0.4 x | 0.3 x | 0.3 x |
Financial Leverage | 2.7 x | 2.7 x | 2.4 x |
- Source: SEC Filings
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|
Cash | 1.5b | 2.5b | 2.3b | 1.5b | 1.7b | 2.6b | 1.7b |
Inventories | 1.6b | 1.7b | 1.9b | 2.0b | 2.0b | 2.2b | 2.1b |
Current Assets | 11.8b | 13.0b | 13.3b | 12.9b | 13.4b | 14.6b | 15.1b |
PP&E | 2.5b | 2.5b | 2.5b | 2.5b | 2.5b | 2.6b | 2.8b |
Goodwill | 27.7b | 27.7b | 27.7b | 27.7b | 27.8b | 27.8b | 27.8b |
Total Assets | 63.3b | 64.1b | 65.8b | 65.6b | 66.1b | 68.3b | 69.0b |
Accounts Payable | 6.6b | 6.4b | 6.9b | 6.8b | 7.0b | 8.0b | 8.0b |
Current Liabilities | 7.2b | 7.0b | 7.5b | 8.2b | 8.8b | 9.9b | 12.9b |
Long-term debt | 23.6b | 24.4b | 24.4b | 22.4b | 21.8b | 21.9b | 18.3b |
Total Debt | 23.6b | 24.4b | 24.4b | 22.4b | 21.8b | 21.9b | 18.3b |
Additional Paid-in Capital | 147.6b | 147.3b | 147.0b | 146.3b | 145.7b | 145.4b | 144.8b |
Retained Earnings | (76.2b) | (75.2b) | (73.7b) | (72.0b) | (71.0b) | (69.6b) | (66.7b) |
Total Equity | 23.8b | 23.9b | 24.3b | 25.4b | 26.0b | 27.3b | 29.8b |
Debt to Equity Ratio | 1 x | 1 x | 1 x | 0.9 x | 0.8 x | 0.8 x | 0.6 x |
Debt to Assets Ratio | 0.4 x | 0.4 x | 0.4 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x |
Financial Leverage | 2.7 x | 2.7 x | 2.7 x | 2.6 x | 2.5 x | 2.5 x | 2.3 x |
- Source: SEC Filings
Warner Media Cash Flow
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Net Income | 3.8b | 3.9b | 5.2b |
Depreciation and Amortization | (190.0m) | 694.0m | |
Accounts Receivable | (704.0m) | ||
Accounts Payable | (200.0m) | 631.0m | 624.0m |
Cash From Operating Activities | (463.0m) | 5.1b | |
Capital Expenditures | (423.0m) | (432.0m) | (656.0m) |
Cash From Investing Activities | (996.0m) | ||
Dividends Paid | (1.1b) | (1.3b) | (1.3b) |
Cash From Financing Activities | (3.0b) | ||
Free Cash Flow | (886.0m) | 4.4b |
- Source: SEC Filings
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|
Net Income | 1.2b | 2.2b | 3.6b | 1.4b | 2.5b | 3.9b | 1.6b |
Depreciation and Amortization | 167.0m | 336.0m | 502.0m | 165.0m | 334.0m | 503.0m | 171.0m |
Cash From Operating Activities | 753.0m | 2.0b | 3.5b | 1.5b | 2.5b | 3.9b | 1.3b |
Capital Expenditures | (75.0m) | (162.0m) | (270.0m) | (98.0m) | (202.0m) | (362.0m) | (147.0m) |
Cash From Investing Activities | (155.0m) | (214.0m) | (999.0m) | (26.0m) | (226.0m) | (532.0m) | (308.0m) |
Dividends Paid | (322.0m) | (640.0m) | (954.0m) | (316.0m) | (632.0m) | (948.0m) | (317.0m) |
Cash From Financing Activities | (1.2b) | (1.4b) | (2.4b) | (1.5b) | (2.1b) | (2.3b) | (1.9b) |
Free Cash Flow | 678.0m | 1.8b | 3.3b | 1.4b | 2.3b | 3.6b | 1.2b |
- Source: SEC Filings
