Company profile

Ticker
DISCA
Exchange
CEO
David M. Zaslav
Employees
Incorporated in
Location
Fiscal year end
Former names
Discovery Communications, Inc.
SEC CIK
IRS number
352333914

DISCA stock data

(
)

Calendar

6 May 20
11 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 2.68B 2.87B 2.68B 2.89B
Net income 407M 511M 297M 987M
Diluted EPS
Net profit margin 15.17% 17.78% 11.09% 34.21%
Operating income 779M 705M 619M 911M
Net change in cash -99M 739M -508M 576M
Cash on hand 1.45B 1.55B 813M 1.32B
Cost of revenue 918M 914M 938M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 11.14B 10.55B 6.87B 6.5B
Net income 2.21B 681M -313M 1.22B
Diluted EPS
Net profit margin 19.86% 6.45% -4.55% 18.75%
Operating income 3.01B 1.93B 713M 2.06B
Net change in cash 566M -6.32B 7.01B -90M
Cash on hand 1.55B 986M 7.31B 300M
Cost of revenue 3.94B 2.66B 2.43B

Financial data from Discovery earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Jun 20 Lowe Kenneth W Series A Common Stock Grant Aquire A No 0 6,768 0 19,875
18 Jun 20 Anstrom S Decker Series A Common Stock Grant Aquire A No 0 6,768 0 38,068
18 Jun 20 Sanchez Daniel E. Series A Common Stock Grant Aquire A No 0 6,768 0 23,557
18 Jun 20 Wargo J David Series A Common Stock Grant Aquire A No 0 6,768 0 38,995
18 Jun 20 Miron Steven A Series A Common Stock Grant Aquire A No 0 6,768 0 60,494
13F holders
Current Prev Q Change
Total holders 661 760 -13.0%
Opened positions 65 314 -79.3%
Closed positions 164 29 +465.5%
Increased positions 240 314 -23.6%
Reduced positions 266 83 +220.5%
13F shares
Current Prev Q Change
Total value 9.65B 15.23B -36.6%
Total shares 457.91M 484.63M -5.5%
Total puts 3.27M 3.77M -13.4%
Total calls 828.3K 1.7M -51.3%
Total put/call ratio 3.9 2.2 +78.0%
Largest owners
Shares Value Change
Vanguard 58.56M $1.06B +2.1%
BLK BlackRock 37.55M $685.99M +1.3%
STT State Street 28.37M $512.68M +5.1%
JPM JPMorgan Chase & Co. 20.64M $373.85M +46.9%
WFC Wells Fargo & Company 17.62M $317.02M +42.4%
Clearbridge Advisors 17.45M $332.84M -3.5%
BEN Franklin Resources 13.98M $245.16M +4.9%
Hotchkis & Wiley Capital Management 12.31M $215.97M -29.3%
FMR 10.54M $203.16M -23.0%
Paulson & Co. 9.25M $162.18M -15.3%
Largest transactions
Shares Bought/sold Change
JPM JPMorgan Chase & Co. 20.64M +6.59M +46.9%
State Of Wisconsin Investment Board 4.59M -5.57M -54.8%
WFC Wells Fargo & Company 17.62M +5.24M +42.4%
Hotchkis & Wiley Capital Management 12.31M -5.11M -29.3%
Citadel Advisors 7.17M +4.96M +224.5%
Norges Bank 0 -4.82M EXIT
Boston Partners 85.69K -4.76M -98.2%
CQS (us) 847.78K -4.53M -84.2%
NEU Neuberger Berman 3.49M +3.35M +2397.0%
FMR 10.54M -3.15M -23.0%

Financial report summary

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Risks
  • There has been a shift in consumer behavior as a result of technological innovations and changes in the distribution of content, which may affect our viewership and the profitability of our business in unpredictable ways.
  • Consolidation among cable and satellite providers, both domestically and internationally, could have an adverse effect on our revenue and profitability.
  • The success of our business depends on the acceptance of our entertainment and sports content by our U.S. and foreign viewers, which may be unpredictable and volatile.
  • As a company that has operations in the United Kingdom, the vote by the United Kingdom to leave the E.U. could have an adverse impact on our business, results of operations and financial position.
  • Foreign exchange rate fluctuations may adversely affect our operating results and financial conditions.
  • Our businesses operate in highly competitive industries.
  • Failure to renew, renewal with less favorable terms, or termination of our distribution agreements may cause a decline in our revenue.
  • Interpretation of some terms of our distribution agreements may have an adverse effect on the distribution payments we receive under those agreements.
  • We face cybersecurity and similar risks, which could result in the disclosure of confidential information, disruption of our programming services, damage to our brands and reputation, legal exposure and financial losses.
  • Financial performance for our equity method investments and investments without readily determinable fair value may differ from current estimates.
  • Our ongoing efforts to integrate the Scripps Networks business with our own may not yield the anticipated benefits of the acquisition or we may be unable to manage our expanded operations, either of which would adversely affect our results of operations.
  • Theft of our content, including digital copyright theft and other unauthorized exhibitions of our content, may decrease revenue received from our programming and adversely affect our businesses and profitability.
  • We are subject to risks related to our international operations.
  • Global economic conditions may have an adverse effect on our business.
  • Domestic and foreign laws and regulations could adversely impact our operation results.
  • Financial markets are subject to volatility and disruptions that may affect our ability to obtain or increase the cost of financing our operations and our ability to meet our other obligations.
  • Acquisitions and other strategic transactions present many risks and we may not realize the financial and strategic goals that were contemplated at the time of any transaction.
  • Our inability to successfully acquire and integrate other businesses, assets, products or technologies could harm our operating results.
  • The loss of key personnel or talent could disrupt our business and adversely affect our revenue.
  • Increasing complexity of global tax policy and regulations could adversely impact our international business and results of operations.
  • We have a significant amount of debt and may incur significant amounts of additional debt, which could adversely affect our financial health and our ability to react to changes in our business.
  • Our ability to incur debt and the use of our funds could be limited by the restrictive covenants in the loan agreement for our revolving credit facility.
  • As a holding company, we could be unable to obtain cash in amounts sufficient to meet our financial obligations or other commitments.
  • We have directors in common with those of Liberty Media Corporation (“Liberty Media”), Liberty Global plc (“Liberty Global”), Qurate Retail Group f/k/a Liberty Interactive Corporation (“Liberty Interactive”), Liberty Broadband Corporation ("Liberty Broadband"), and Liberty Latin America Ltd ("LLA"), which may result in the diversion of business opportunities or other potential conflicts.
  • We have directors that are also related persons of Advance/Newhouse and that overlap with those of the Liberty Entities, which may lead to conflicting interests for those tasked with the fiduciary duties of our board.
  • Holders of any single series of our common stock may not have any remedies if any action by our directors or officers has an adverse effect on only that series of common stock.
  • If Advance/Newhouse were to exercise its registration rights, it may cause a significant decline in our stock price, even if our business is doing well.
  • John C. Malone and Advance/Newhouse each have significant voting power with respect to corporate matters considered by our stockholders.
Management Discussion
  • The table below presents our consolidated results of operations (in millions).
  • Advertising revenue is dependent upon a number of factors, including the stage of development of television markets, the number of subscribers to our channels, viewership demographics, the popularity of our content, our ability to sell commercial time over a group of channels, market demand, the mix in sales of commercial time between the upfront and scatter markets, and economic conditions. These factors impact the pricing and volume of our advertising inventory.
  • Advertising revenue decreased 1% for the three months ended March 31, 2020. Excluding the impact of foreign currency fluctuations, advertising revenue was consistent with that for the three months ended March 31, 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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