Discovery, Inc. DISCA Cash Flow

Discovery, inc. (DISCA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income
407,000	511,000	297,000	987,000	418,000	299,000	135,000	244,000	3,000	-1,137,000	223,000	380,000	221,000	309,000	225,000	415,000	269,000	226,000	283,000	289,000	250,000	235,000	287,000	384,000	231,000	290,000	256,000	300,000	231,000	224,000	206,000	293,000	222,000	337,000	237,000	254,000	305,000	197,000	189,000	110,000	173,000	156,000	104,000	181,000	123,000
Adjustments to reconcile net income to cash provided by operating activities:
Content rights amortization and impairment
704,000	775,000	700,000	681,000	697,000	765,000	863,000	909,000	751,000	513,000	487,000	452,000	458,000	480,000	429,000	423,000	441,000	466,000	417,000	419,000	407,000	474,000	378,000	355,000	350,000	340,000	308,000	311,000	231,000	227,000	217,000	214,000	207,000	223,000	242,000	196,000	185,000	189,000	176,000	165,000	185,000	-	-	-	-
Depreciation and amortization
326,000	333,000	322,000	320,000	372,000	397,000	398,000	410,000	193,000	90,000	80,000	80,000	80,000	83,000	80,000	80,000	79,000	87,000	80,000	82,000	81,000	86,000	85,000	75,000	83,000	86,000	80,000	78,000	32,000	30,000	26,000	31,000	30,000	29,000	30,000	30,000	30,000	32,000	33,000	33,000	34,000	37,000	40,000	40,000	38,000
Deferred income taxes
75,000	-68,000	18,000	511,000	43,000	-9,000	60,000	45,000	35,000	32,000	79,000	54,000	34,000	-28,000	-50,000	47,000	58,000	2,000	-108,000	56,000	48,000	57,000	51,000	38,000	35,000	61,000	-5,000	-5,000	-134,000	10,000	-11,000	49,000	22,000	-	-	-	-	78,000	-133,000	28,000	16,000	-	-50,000	34,000	-22,000
Share-based compensation (benefit) expense
-4,000	60,000	13,000	39,000	30,000	-12,000	43,000	34,000	15,000	17,000	0	1,000	21,000	20,000	22,000	3,000	24,000	19,000	-9,000	23,000	2,000	12,000	33,000	14,000	19,000	61,000	45,000	24,000	60,000	42,000	40,000	31,000	41,000	29,000	21,000	32,000	17,000	29,000	59,000	50,000	44,000	32,000	98,000	61,000	37,000
Equity in losses of equity method investee companies, including cash distributions
-31,000	-1,000	-24,000	-34,000	-3,000	-32,000	-11,000	-59,000	-36,000	-93,000	-30,000	-46,000	-54,000	-11,000	1,000	-25,000	-9,000	1,000	-15,000	7,000	-1,000	-14,000	8,000	-4,000	11,000	19,000	-2,000	-9,000	-4,000	-15,000	-24,000	-9,000	-58,000	-43,000	-5,000	-4,000	-13,000	-	-	-	-	-	-	-	-
Launch amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	4,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	0	0	-54,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Remeasurement gain on previously held equity interest
0	0	0	6,000	8,000	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	2,000	0	0	29,000	0	0	0	0	92,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain from derivative instruments, net
21,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	6,000	0	0	-11,000	0	0	0	0	0	0	-16,000	-39,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposition
-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	0	13,000	-20,000	0	3,000	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	129,000	-	-	-	-	-	-	-	-
Content amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166,000
Other, net
-29,000	5,000	3,000	-6,000	-44,000	-85,000	-31,000	42,000	-67,000	-11,000	-58,000	-13,000	-3,000	-5,000	-19,000	-11,000	-15,000	-6,000	-9,000	-11,000	-9,000	-9,000	-13,000	-11,000	-11,000	-28,000	-4,000	7,000	-25,000	14,000	-8,000	-7,000	-11,000	19,000	-14,000	30,000	-52,000	-93,000	3,000	26,000	17,000	-95,000	16,000	19,000	16,000
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables, net
-36,000	-77,000	-147,000	221,000	10,000	65,000	-157,000	140,000	36,000	120,000	-111,000	205,000	44,000	-23,000	-25,000	66,000	7,000	-89,000	61,000	62,000	10,000	-3,000	-49,000	77,000	-31,000	28,000	2,000	70,000	20,000	23,000	-73,000	80,000	29,000	52,000	96,000	45,000	-14,000	40,000	10,000	73,000	-42,000	38,000	16,000	14,000	-31,000
Content rights and payables, net
-899,000	-728,000	-762,000	-754,000	-816,000	-661,000	-639,000	-885,000	-698,000	-547,000	-453,000	-473,000	-474,000	-440,000	-527,000	-449,000	-488,000	-387,000	-512,000	-429,000	-445,000	-414,000	-463,000	-415,000	-391,000	-365,000	-381,000	-379,000	-301,000	-263,000	-300,000	-302,000	-226,000	-231,000	-223,000	-222,000	-208,000	-216,000	-188,000	-200,000	-170,000	-196,000	-194,000	-190,000	-178,000
Accounts payable and accrued liabilities
-202,000	143,000	111,000	79,000	-211,000	49,000	-55,000	103,000	-171,000	242,000	174,000	-29,000	-122,000	27,000	143,000	-32,000	-148,000	12,000	81,000	39,000	-134,000	46,000	104,000	-18,000	6,000	65,000	124,000	-13,000	-70,000	89,000	93,000	12,000	-23,000	-2,000	124,000	-47,000	-69,000	7,000	151,000	-59,000	-100,000	60,000	-128,000	154,000	-58,000
Share-based compensation liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,000	-	0	0	-25,000	0	0	0	-81,000	-3,000	0	-2,000	-59,000	-6,000	-2,000	-13,000	-24,000	-19,000	-15,000	-26,000	-66,000	-30,000	-5,000	-74,000	-49,000	-57,000	-9,000	-14,000	-1,000
Prepaid income taxes and income taxes receivable
-	-	-	-	-	-110,000	11,000	0	42,000	-9,000	21,000	16,000	-48,000	-19,000	78,000	0	-28,000	-72,000	146,000	-7,000	-3,000	13,000	1,000	-1,000	-53,000	55,000	-41,000	-71,000	62,000	11,000	19,000	1,000	-20,000	19,000	3,000	16,000	-110,000	-	-	-	-	-	-	-	-
Foreign currency, prepaid expenses and other assets, net
24,000	-29,000	122,000	5,000	-66,000	66,000	-60,000	7,000	-77,000	-30,000	-16,000	11,000	10,000	-26,000	5,000	38,000	84,000	-16,000	7,000	-18,000	37,000	-30,000	6,000	2,000	27,000	-30,000	7,000	9,000	26,000	-8,000	1,000	11,000	17,000	0	7,000	-13,000	37,000	2,000	7,000	-13,000	34,000	-	-9,000	18,000	1,000
Investments in equity method investees, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	1,000	26,000	-	165,000	10,000	-1,000	0	2,000	1,000	25,000	289,000	28,000	49,000	38,000	58,000	11,000	25,000	57,000	56,000	30,000	26,000	15,000	-	-	-	-
Cash provided by operating activities
335,000	1,232,000	951,000	674,000	542,000	929,000	931,000	556,000	160,000	462,000	724,000	188,000	255,000	546,000	444,000	328,000	62,000	642,000	258,000	331,000	63,000	425,000	420,000	232,000	241,000	355,000	460,000	339,000	131,000	328,000	382,000	141,000	248,000	340,000	329,000	214,000	217,000	223,000	355,000	-36,000	126,000	258,000	47,000	186,000	151,000
Investing Activities
Business acquisitions, net of cash acquired
0	13,000	0	38,000	22,000	0	0	0	8,565,000	56,000	4,000	0	0	-	-	-	-	56,000	2,000	6,000	16,000	3,000	48,000	304,000	17,000	29,000	0	1,772,000	60,000	129,000	0	20,000	0	-	-	-	-	0	0	0	38,000	-	-	-	-
Investments in and advances to equity investments
42,000	39,000	68,000	113,000	34,000	5,000	8,000	26,000	22,000	57,000	117,000	82,000	188,000	201,000	11,000	60,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
105,000	100,000	67,000	78,000	44,000	41,000	24,000	34,000	48,000	32,000	25,000	31,000	47,000	19,000	26,000	28,000	15,000	27,000	24,000	18,000	34,000	35,000	27,000	30,000	28,000	39,000	22,000	28,000	26,000	24,000	29,000	3,000	21,000	16,000	15,000	16,000	11,000	20,000	9,000	8,000	12,000	14,000	9,000	13,000	19,000
Investments in cost method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	16,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for derivative instruments, net
-	-	-	-	-	-	-	-	42,000	2,000	94,000	10,000	-5,000	0	-3,000	3,000	0	-2,000	0	0	11,000	0	0	0	0	0	0	16,000	39,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investees
-	-	-	-	-	-	-	-	-	39,000	20,000	13,000	5,000	18,000	29,000	25,000	15,000	20,000	18,000	34,000	15,000	3,000	17,000	25,000	16,000	24,000	19,000	4,000	0	0	0	0	17,000	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-77,000	9,000	0	2,000	-6,000	0	-1,000	-3,000	-2,000	2,000	0	-2,000	-1,000	0	0	1,000	1,000	-16,000	-7,000	2,000	6,000	1,000	0	1,000	0	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	6,000
Cash used in investing activities
-70,000	-147,000	-71,000	-126,000	-94,000	-44,000	34,000	92,000	-8,675,000	-110,000	-230,000	-69,000	-224,000	-202,000	-5,000	-48,000	-1,000	-275,000	0	52,000	-78,000	-39,000	-226,000	-275,000	-28,000	-46,000	23,000	-1,814,000	-150,000	-448,000	-81,000	-72,000	-42,000	-79,000	-26,000	-39,000	-70,000	-76,000	-15,000	-34,000	-65,000	-21,000	-18,000	302,000	-25,000
Financing Activities
Principal repayments of debt, including discount payment
0	6,000	912,000	1,287,000	453,000	16,000	0	0	0	0	0	0	650,000	0	0	0	0	5,000	0	0	849,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net repayments of revolver loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-318,000	3,000
Proceeds from Issuance of Long-term Debt
-	-	-	-	-	-	-	-	-	0	6,829,000	0	659,000	0	0	0	498,000	0	0	0	936,000	0	0	0	415,000	12,000	0	0	1,186,000	11,000	-2,000	983,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loan facilities
-	-	-	-	-	0	0	0	2,000,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265,000	0	-	454,000	404,000	288,000	265,000	355,000	210,000	167,000	-	-	-	-	-	-	-	-
Repurchases of stock
527,000	-	-	-	0	-	-	-	-	0	102,000	301,000	200,000	-	374,000	377,000	373,000	375,000	52,000	207,000	317,000	355,000	298,000	503,000	266,000	-	-	-	256,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of common stock repurchase contracts
-	-	-	-	-	-	-	-	-	-	0	0	58,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests and redeemable noncontrolling interests
173,000	23,000	36,000	28,000	163,000	17,000	0	57,000	2,000	8,000	2,000	17,000	3,000	5,000	0	15,000	2,000	4,000	2,000	36,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments of revolving credit facility
-	-	-	-	-	-	-	-	-	0	275,000	75,000	125,000	163,000	100,000	320,000	252,000	86,000	18,000	148,000	13,000	220,000	0	440,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,878,000	5,000	5,000	489,000	452,000	66,000
Principal repayments of finance lease obligations
-	-	-	-	-	13,000	12,000	12,000	13,000	7,000	7,000	6,000	13,000	5,000	6,000	5,000	12,000	5,000	5,000	5,000	12,000	6,000	4,000	5,000	4,000	11,000	4,000	6,000	11,000	5,000	4,000	3,000	10,000	4,000	3,000	3,000	10,000	2,000	3,000	2,000	3,000	7,000	2,000	2,000	3,000
Hedge of borrowings from debt instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Repayments) borrowings under program financing line of credit, net
-	-	-	-	-	-1,000	0	1,000	22,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based plan (payments) proceeds, net
-	-	-	-	-	10,000	18,000	3,000	23,000	1,000	4,000	19,000	-8,000	14,000	23,000	7,000	-5,000	3,000	2,000	6,000	-17,000	5,000	26,000	13,000	0	12,000	26,000	28,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper repayments, net
-	-	-	-	-	-	-	-	-	0	-73,000	-29,000	54,000	-22,000	-36,000	106,000	-93,000	4,000	-234,000	-105,000	199,000	103,000	-36,000	162,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under revolving credit facility
500,000	-	-	-	0	-	-	-	-	0	0	200,000	150,000	168,000	165,000	185,000	95,000	794,000	99,000	0	123,000	113,000	145,000	440,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax settlements associated with equity-based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributions to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000	-	19,000	0	2,000	4,000	1,000	3,000	5,000
Cash proceeds from equity-based plans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	12,000	58,000	18,000	5,000	28,000	10,000	20,000	12,000	6,000	9,000	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	3,000	30,000	10,000	1,000	13,000	4,000	10,000	5,000	3,000	1,000	-	-	-	-
Other financing activities, net
-59,000	3,000	5,000	34,000	-36,000	4,000	1,000	-6,000	-11,000	0	-56,000	-2,000	-6,000	0	0	-2,000	-11,000	2,000	-2,000	-4,000	-9,000	-4,000	-1,000	-6,000	-5,000	-16,000	0	-3,000	0	-	-	-	-	-	-	-	-	-	-	-	1,000	-	2,000	0	-3,000
Cash used in financing activities
-259,000	-365,000	-1,349,000	9,000	-652,000	-431,000	-829,000	-1,042,000	2,019,000	-32,000	6,278,000	-211,000	-84,000	-209,000	-399,000	-421,000	-155,000	-220,000	-212,000	-499,000	12,000	-365,000	-168,000	-341,000	140,000	-339,000	-426,000	-502,000	1,182,000	-233,000	-448,000	589,000	-213,000	-242,000	-354,000	467,000	-168,000	-697,000	-43,000	98,000	1,000	-13,000	28,000	-297,000	-74,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-24,000	19,000	-39,000	19,000	-37,000	1,000	3,000	-26,000	-1,000	-5,000	16,000	31,000	20,000	-59,000	-1,000	-7,000	37,000	-19,000	-16,000	27,000	-43,000	-30,000	-22,000	-1,000	-4,000	-1,000	7,000	-8,000	-4,000	1,000	2,000	-4,000	3,000	-3,000	-12,000	0	8,000	-	-	-	6,000	-2,000	5,000	6,000	-4,000
Net change in cash, cash equivalents, and restricted cash
-18,000	739,000	-508,000	576,000	-241,000	455,000	139,000	-420,000	-6,497,000	315,000	6,788,000	-61,000	-33,000	76,000	39,000	-148,000	-57,000	128,000	30,000	-89,000	-46,000	-9,000	4,000	-385,000	349,000	-31,000	64,000	-1,985,000	1,159,000	-352,000	-145,000	654,000	-4,000	16,000	-63,000	642,000	-13,000	-550,000	303,000	22,000	68,000	222,000	62,000	197,000	48,000
Supplemental Cash Flow Information
Cash paid for taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,000	-	124,000	86,000	63,000	131,000	188,000	128,000	38,000	82,000	113,000	87,000	6,000	113,000	460,000	-223,000	45,000	82,000	273,000	106,000	-17,000
Cash paid for interest, net as reported in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-	16,000	113,000	29,000	108,000	17,000	103,000	16,000	90,000	16,000	78,000	21,000	81,000	547,000	-331,000	68,000	66,000	61,000	178,000	-60,000
Noncash Investing and Financing Transactions
Investment in OWN
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	6,000	0	0	0	273,000	-	-	-	-	-	-	-	-
Assets acquired under capital lease arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-	32,000	54,000	0	-	-	-	-	-	-	-	-	8,000	0	10,000	10,000	-	-	-	-
Accrued purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-	-2,000	3,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid, net of cash acquired
0	13,000	0	38,000	22,000	0	0	0	8,565,000	56,000	4,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	38,000	-	-	-	-