Docoh
Loading...

DISCA Discovery

Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, Education and Other, and Corporate and Inter-segment Eliminations. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.

Company profile

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

DISCA stock data

(
)

Calendar

22 Feb 21
2 Mar 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Discovery earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Feb 21 Bennett Robert R Series A Common Stock Sell Dispose S No No 51.7501 3,173 164.2K 6,768
24 Feb 21 Bennett Robert R Series A Common Stock Sell Dispose S Yes No 51.7502 53,451 2.77M 0
24 Feb 21 Bennett Robert R Series A Common Stock Sell Dispose S Yes No 51.7502 46,549 2.41M 8,364
24 Feb 21 David Zaslav Series A Common Stock Payment of exercise Dispose F No No 51.86 135,032 7M 2,878,471
24 Feb 21 David Zaslav Series A Common Stock Grant Aquire A No No 0 485,983 0 3,013,503
23 Feb 21 Advance Long-term Management Trust Series C Common Stock Sell Dispose S Yes No 42.15 11,000,000 463.65M 2
23 Feb 21 Advance Long-term Management Trust Series C Common Stock Conversion Aquire C Yes No 0 11,000,000 0 11,000,002
23 Feb 21 Advance Long-term Management Trust Series C-1 Convertible Participating Preferred Stock Series C Common Stock Conversion Dispose C Yes No 0 568,041 0 214,053
23 Feb 21 Jean-Briac Perrette Series A Common Stock Payment of exercise Dispose F No No 52.95 12,941 685.23K 401,976
23 Feb 21 Gunnar Wiedenfels Series A Common Stock Sell Dispose S No No 51.502 46,296 2.38M 218,963
13F holders
Current Prev Q Change
Total holders 668 503 +32.8%
Opened positions 231 64 +260.9%
Closed positions 66 67 -1.5%
Increased positions 294 164 +79.3%
Reduced positions 97 193 -49.7%
13F shares
Current Prev Q Change
Total value 14.45B 4.35B +232.0%
Total shares 481.17M 199.92M +140.7%
Total puts 4.16M 2.52M +65.0%
Total calls 4.5M 1.32M +239.8%
Total put/call ratio 0.9 1.9 -51.4%
Largest owners
Shares Value Change
Vanguard 50.96M $1.4B +172.2%
BLK Blackrock 37.81M $1.05B +122.5%
STT State Street 27.77M $757.87M +255.5%
JPM JPMorgan Chase & Co. 23.89M $658.76M +141.0%
Clearbridge Advisors 16.09M $471.86M +0.7%
CS Credit Suisse 15.22M $456.31M +679.2%
Hotchkis & Wiley Capital Management 14.93M $390.95M NEW
MS Morgan Stanley 10.97M $324.39M +885.9%
FMR 10.72M $318.57M +0.7%
Geode Capital Management 8.09M $222.9M +177.6%
Largest transactions
Shares Bought/sold Change
Vanguard 50.96M +32.24M +172.2%
BLK Blackrock 37.81M +20.82M +122.5%
STT State Street 27.77M +19.96M +255.5%
Hotchkis & Wiley Capital Management 14.93M +14.93M NEW
JPM JPMorgan Chase & Co. 23.89M +13.98M +141.0%
CS Credit Suisse 15.22M +13.27M +679.2%
MS Morgan Stanley 10.97M +9.86M +885.9%
NMR Nomura 7.64M +7.61M +27109.1%
Paulson & Co. 6.9M +6.9M NEW
State Of Wisconsin Investment Board 6.67M +6.59M +7858.7%

Financial report summary

?
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.
  • 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.
  • The ongoing COVID-19 pandemic has disrupted, and is expected to continue to disrupt our business operations and poses risks to our business, results of operations and financial position, the nature and extent of which are highly uncertain, rapidly changing and unpredictable.
  • The COVID-19 pandemic has caused substantial disruption in financial markets and economies worldwide, both of which could result in adverse effects on our business, operations, stock price and ability to raise capital.
  • We are subject to risks related to our international operations.
  • Global economic conditions may have an adverse effect on our business.
  • As a company that has operations in the United Kingdom, the United Kingdom’s withdrawal from 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.
  • 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.
  • Financial performance for our equity method investments and investments without readily determinable fair value may differ from current estimates.
  • 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 (“Qurate Retail”), 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.
  • 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.
  • Domestic and foreign laws and regulations could adversely impact our operating 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.
Management Discussion
  • The impact of exchange rates on our business is an important factor in understanding period-to-period comparisons of our results. For example, our international revenues are favorably impacted as the U.S. dollar weakens relative to other foreign currencies, and unfavorably impacted as the U.S. dollar strengthens relative to other foreign currencies. We believe the presentation of results on a constant currency basis (ex-FX), in addition to results reported in accordance with GAAP provides useful information about our operating performance because the presentation ex-FX excludes the effects of foreign currency volatility and highlights our core operating results. The presentation of results on a constant currency basis should be considered in addition to, but not a substitute for, measures of financial performance reported in accordance with GAAP.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accident, add, Adria, advocate, Allyship, Alpert, amplified, Android, Apple, Aquarium, array, audio, Basket, basketball, Biden, Bigfoot, Billionaire, Bitchin, bono, Brazil, Brother, burden, CampbellBorn, Career, Celebrity, center, childcare, Christina, Chromecast, classic, cleaning, Coast, Colesville, compelling, contact, conviction, counselor, crowded, curtailing, daypart, debut, Delilah, dental, Diego, differentiated, discharge, discharged, disease, disinfecting, distancing, drew, dual, ease, eased, economy, El, elder, emphasized, environmental, ETCR, excellence, exoneration, facilitated, fantasy, feedback, FIA, filtration, FireTV, foster, fostering, Gear, gift, globe, Google, governmental, Gunnar, hunger, India, injustice, installment, interbank, Internationale, introduced, IOU, iPad, iPhone, Jazz, learning, LeavyBorn, Lega, levy, light, MD, mental, Mosaic, motivate, Moussa, NASCAR, noncash, nonprofit, official, outbreak, pandemic, Parliament, PerretteBorn, philosophy, postpone, postponed, postponement, preservation, preserve, pressure, proactive, profile, PURE, Racer, racial, Rally, recession, Recruitment, reestablishment, reinvestigate, reissued, renovation, reward, Road, Rock, Roku, rollout, RommBorn, San, shelf, showing, shut, SimsBorn, site, Sky, slowdown, softer, Speed, Star, strive, Supplier, Tarek, TCA, tense, tier, Track, true, UCI, UK, Undercover, undertaken, undetermined, upward, vaccine, validly, ventilation, Verizon, visibility, vision, Vodafone, voice, volunteerism, Walsh, wellbeing, WiedenfelsBorn, wildlife, withdrew, workplace, wrongful, ZaslavBorn
Removed: adult, Africa, African, AHC, alternate, Appointment, arrive, attention, Avenue, backlog, Belgium, Betty, Bizarre, blanket, Born, borrowed, bridge, build, capture, CEEMEA, Central, Chile, cohesive, combine, combining, commitment, compare, condensed, conform, consolidating, controlled, correlate, deadline, deconsolidation, deferral, deter, detrimental, devote, devoted, doubtful, drawn, economically, educational, electric, enactment, encounter, Enthusiast, exchanged, exemplifying, expanding, expensing, extending, floor, freely, granting, Hall, hard, harrowing, hinder, hybrid, identification, immigration, indefinite, ineffective, integral, involuntary, Island, Japan, leasehold, led, letter, lived, lowering, Luxembourg, medium, Mega, minute, motor, move, moving, NY, OnDemand, opening, optimize, OTT, panel, Permissible, persuasive, pose, presenting, prohibition, pronouncement, provisional, publication, pushed, quantify, racing, ranged, Raw, realization, referenced, reinstating, releasing, remarkable, reposition, Russian, selected, simplify, solar, SourceFed, stranded, student, successor, swingline, Tamron, TCJA, territorial, trend, uncollectible, USD, VTEN