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n terms of our NBA rights, we are now full engaged in renewal discussions and they are constructive and productiv
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2023 Q4
23 Feb 24
ntering a new joint venture with Disney and Fox focused on spor
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2023 Q4
23 Feb 24
Q4 saw the lowest U.S. churn rates in HBO Max and Max's history.
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2023 Q4
23 Feb 24
're also driving better segmentation and monetization by launching the new ad-supported offering, which is currently only available here in the U.S. And by the end of this year will be available in over 40 markets globally as wel
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2023 Q4
23 Feb 24
ns around the world on Max
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2023 Q4
23 Feb 24
The last film was made more than a dozen years ago. I was in London a few weeks ago with KC and Channing, and we spent some real time with JK and her team. Both sides are thrilled to be reigniting this franchise.
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2023 Q4
23 Feb 24
Game of Thrones, George R. R. Martin is in preproduction for the new spin-off, A Night of the 7 Kingdoms, which will premiere in late 2025 on Max.
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2023 Q4
23 Feb 24
e are in negotiations for a new film by Academy Award winner, Alejandro Inarritu, starring To
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2023 Q4
23 Feb 24
Dune Part 2, which arrives in theaters a week from today and a strong tracking, 97% on Rotten Tomatoes, which is rare for a sequel
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2023 Q4
23 Feb 24
enerate meaningful free cash flow, a key KPI for our leadership and company, and we've exceeded our goal with $6.2 billion for the year
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2023 Q4
23 Feb 24
Assets Held for SaleAs of December 31, 2022, the Company classified its Ranch Lot and Knoxville office building and land as assets held for sale.
Assets Held for Sale
As of December 31, 2022, the Company classified its Ranch Lot and Knoxville office building and land as assets held for
sale.
10-K
2022 FY
27 Jun 23
CONSOLIDATED STATEMENTS OF OPERATIONS
P/L
10-K
2022 FY
11 Mar 23
Income tax (benefit) expense
the reported tax benefit was higher than reality. In reality, WBD tax obligation for the current year was $1.179B in taxes, while it reported -$1.663B in taxes
10-K
2022 FY
4 Mar 23
Accrued liabilities
Operating and finance lease liabilities are included in accrued liabilities
10-K
2022 FY
4 Mar 23
The gross value of the proceeds received results in derecognition of receivables and the obligations assumed are recorded at fair value. The obligations assumed when proceeds are received relate to expected credit losses on sold receivables and estimated fee payments made on outstanding sold receivables already transferred. The obligations are subsequently adjusted for changes in estimated expected credit losses and interest rates, which are considered Level 3 fair value measurements since the inputs are unobservable (See Note 8). In some cases, the Company may have collections that have not yet been remitted to the bank, resulting in a liability.
Receivables that are monetized through Revolving Receivables Program are reduced by the amount of the gross value of the proceeds.
10-K
2022 FY
4 Mar 23
Proceeds from amounts factored are recorded as an increase to cash and cash equivalents and a reduction to receivables, net in the consolidated balance sheets. Cash received is also reflected as cash provided by operating activities in the consolidated statements of cash flows. The accounts receivable factoring program is separate and distinct from the revolving receivables program.
Receivables, net does not include Accounts Receivable Factoring
10-K
2022 FY
4 Mar 23
Credit Agreement Financial Covenants
Financial Covenants
10-K
2022 FY
3 Mar 23
CONTENT RIGHTS
CONTENT RIGHTS
10-K
2022 FY
2 Mar 23
Six Flags Guarantee
Simplified by ChatGPT "In 1997, certain subsidiaries of Warner Bros Discovery agreed to guarantee certain obligations of partnerships that hold Six Flags theme parks located in Georgia and Texas. These obligations include annual payments made to the parks or to the limited partners, as well as additional obligations at the end of the respective terms for the partnerships in 2027 and 2028. The estimated future cash flow requirements covered by the guarantee over the remaining term are $544 million.
To date, Warner Bros Discovery has not made any payments under the guarantee. Six Flags, which has the controlling interest in the parks, has agreed to guarantee the performance of the obligations when due and to indemnify Warner Bros Discovery if the guarantee is called upon.
Warner Bros Discovery is unable to predict the loss, if any, that may be incurred under the guarantee and no liability for the arrangements has been recognized as of December 31, 2022. The company is also unable to determine a current fair value for the guarantee and related indemnity agreement because no active or observable market exists for this type of financial guarantee."
10-K
2022 FY
2 Mar 23
Capital Resources
capital resources
10-K
2022 FY
2 Mar 23