Summary
Warner Bros. Discovery, Inc. (WBD), previously operating as Discovery Communications, Inc. (DISCA), filed its 2011 10-K report, detailing a strong financial performance with revenues reaching $4.235 billion, a 12% increase year-over-year. The company demonstrated significant operating income growth of 32% to $1.8 billion, driven by robust performance in both its U.S. and International Networks segments. Net income attributable to stockholders saw a substantial 73% increase, reaching $1.132 billion. The report highlights the company's diversified content portfolio, focusing on nonfiction and reality programming across its key networks like Discovery Channel, TLC, and Animal Planet. Significant investments in content development and strategic international expansion, including the rollout of TLC in over 150 countries, underscore the company's growth strategy. Furthermore, WBD actively managed its capital structure, repurchasing approximately $1 billion of its Series C common stock during the year, signaling a commitment to shareholder returns. The company's financial health is further supported by substantial liquidity, with $1.048 billion in cash and cash equivalents and $1 billion available under its revolving credit facility at year-end.
Financial Highlights
52 data points| Revenue | $4.17B |
| Cost of Revenue | $1.18B |
| Gross Profit | $2.99B |
| SG&A Expenses | $1.17B |
| Operating Expenses | $2.37B |
| Operating Income | $1.80B |
| Interest Expense | $208.00M |
| Net Income | $1.13B |
| EPS (Basic) | $2.82 |
| EPS (Diluted) | $2.80 |
| Shares Outstanding (Basic) | 401.00M |
| Shares Outstanding (Diluted) | 405.00M |
Key Highlights
- 1Total revenues increased by 12% to $4.235 billion in 2011, driven by strong performance in both U.S. and International Networks segments.
- 2Operating income grew by 32% to $1.80 billion, reflecting improved operational efficiency and revenue growth.
- 3Net income attributable to Discovery Communications, Inc. stockholders significantly increased by 73% to $1.13 billion.
- 4The company actively repurchased common stock, spending $997 million in 2011 under its $2 billion authorized stock repurchase program.
- 5Substantial investments were made in content, with content amortization and impairment expense totaling $968 million.
- 6Liquidity remained strong, with $1.048 billion in cash and cash equivalents and $1 billion available under its revolving credit facility at year-end.
- 7International Networks segment revenue grew 16% to $1.455 billion, indicating successful global expansion efforts.