Summary - Funding Rounds

Founding Date

1990
Warner Media is a subsidiary of AT&T

Warner Media Revenue Breakdown

Embed Graph

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

USDFY, 2015FY, 2016FY, 2017

Revenue

28.1b29.3b31.3b

Revenue growth, %

3%4%7%

Cost of goods sold

17.6b

Gross profit

13.6b

Gross profit Margin, %

44%

General and administrative expense

5.1b5.4b

Operating expense total

5.1b5.4b

Depreciation and amortization

(197.0m)

EBIT

6.9b7.5b7.9b

EBIT margin, %

24%26%25%

Interest expense

1.2b1.2b1.0b

Pre tax profit

5.4b5.2b5.9b

Income tax expense

1.7b1.3b701.0m

Net Income

3.8b3.9b5.2b

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

7.3b7.0b7.2b7.7b7.3b7.6b8.0b

Cost of goods sold

4.0b3.8b3.9b4.3b4.2b3.9b4.7b

Gross profit

3.3b3.1b3.3b3.4b3.1b3.7b3.3b

Gross profit Margin, %

45%45%46%44%43%48%41%

General and administrative expense

1.3b1.3b1.2b1.3b1.4b1.4b1.4b

Operating expense total

1.3b1.3b1.2b1.3b1.4b1.4b1.4b

Depreciation and amortization

(48.0m)(47.0m)(48.0m)(45.0m)(46.0m)(45.0m)(43.0m)

EBIT

2.0b1.8b2.0b2.1b1.7b2.2b1.8b

EBIT margin, %

27%27%28%27%23%30%23%

Interest expense

284.0m292.0m298.0m259.0m249.0m254.0m207.0m

Pre tax profit

1.7b1.4b1.7b1.9b1.5b1.9b1.5b

Income tax expense

498.0m472.0m217.0m470.0m452.0m550.0m(132.0m)

Net Income

1.2b951.0m1.5b1.4b1.1b1.4b1.6b

Warner Media Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

2.2b1.5b2.6b

Inventories

1.8b2.1b2.4b

Current Assets

12.5b13.5b15.2b

PP&E

2.6b2.5b2.7b

Goodwill

27.7b27.8b27.8b

Total Assets

63.8b66.0b69.2b

Accounts Payable

3.6m7.9b

Short-term debt

Current Liabilities

8.0b9.7b14.1b

Long-term debt

23.6b22.4b18.3b

Total Debt

23.6b22.4b18.3b

Additional Paid-in Capital

148.0b146.8b145.1b

Retained Earnings

(77.4b)(73.5b)(68.2b)

Total Equity

23.6b24.3b28.4b

Debt to Equity Ratio

1 x0.9 x0.6 x

Debt to Assets Ratio

0.4 x0.3 x0.3 x

Financial Leverage

2.7 x2.7 x2.4 x

Warner Media Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

3.8b3.9b5.2b

Depreciation and Amortization

(190.0m)694.0m

Accounts Receivable

(704.0m)

Accounts Payable

(200.0m)631.0m624.0m

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

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

1.2b2.2b3.6b1.4b2.5b3.9b1.6b

Depreciation and Amortization

167.0m336.0m502.0m165.0m334.0m503.0m171.0m

Cash From Operating Activities

753.0m2.0b3.5b1.5b2.5b3.9b1.3b

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

678.0m1.8b3.3b1.4b2.3b3.6b1.2b

Warner Media Operating Metrics

FY, 2014FY, 2015FY, 2016

Channels

165 180 175

Countries

200 200 200

Films in Library

7 k7 k7 k

Households (CNN)

394.30 m392.30 m

Warner Media Employee Rating

3.8218 votes
Culture & Values
3.7
Work/Life Balance
3.9
Senior Management
3.5
Salary & Benefits
3.7
Career Opportunities
3.5
Source