Discovery, Inc. DISCA Cash Flow

Discovery, inc. (DISCA)

CashFlow / TTM

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
2,202	2,213	2,001	1,839	1,096	681	-755	-667	-531	-313	1,133	1,135	1,170	1,218	1,135	1,193	1,067	1,048	1,057	1,061	1,156	1,137	1,192	1,161	1,077	1,077	1,011	961	954	945	1,058	1,089	1,050	1,133	993	945	801	669	628	543	614	564	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Content rights amortization and impairment
2,860	2,853	2,843	3,006	3,234	3,288	3,036	2,660	2,203	1,910	1,877	1,819	1,790	1,773	1,759	1,747	1,743	1,709	1,717	1,678	1,614	1,557	1,423	1,353	1,309	1,190	1,077	986	889	865	861	886	868	846	812	746	715	715	0	0	0	-	-	-	-
Depreciation and amortization
1,301	1,347	1,411	1,487	1,577	1,398	1,091	773	443	330	323	323	323	322	326	326	328	330	329	334	327	329	329	324	327	276	220	166	119	117	116	120	119	119	122	125	128	132	137	144	151	155	0	0	0
Deferred income taxes
536	504	563	605	139	131	172	191	200	199	139	10	3	27	57	-1	8	-2	53	212	194	181	185	129	86	-83	-134	-140	-86	70	0	0	0	-	-	-	-	-11	0	0	0	-	0	0	0
Share-based compensation (benefit) expense
108	142	70	100	95	80	109	66	33	39	42	64	66	69	68	37	57	35	28	70	61	78	127	139	149	190	171	166	173	154	141	122	123	99	99	137	155	182	185	224	235	228	0	0	0
Equity in losses of equity method investee companies, including cash distributions
-90	-62	-93	-80	-105	-138	-199	-218	-205	-223	-141	-110	-89	-44	-32	-48	-16	-8	-23	0	-11	1	34	24	19	4	-30	-52	-52	-106	-134	-115	-110	-65	0	0	0	-	-	-	-	-	-	-	-
Launch amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-54	-54	-54	-54	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Remeasurement gain on previously held equity interest
6	14	14	14	8	0	0	0	0	-	-	-	-	-	-	-	-	2	2	2	31	29	29	29	0	92	92	92	92	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain from derivative instruments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-5	-11	-11	-11	0	0	0	-16	-55	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposition
-	-	-	-	-	-	-	-	-	-	-	-	-	63	-7	-7	-4	-17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	129	0	0	0	-	-	-	-	-	-	-	-
Content amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other, net
-27	-42	-132	-166	-118	-141	-67	-94	-149	-85	-79	-40	-38	-50	-51	-41	-41	-35	-38	-42	-42	-44	-63	-54	-36	-50	-8	-12	-26	-12	-7	-13	24	-17	-129	-112	-116	-47	-49	-36	-43	-44	0	0	0
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables, net
-39	7	149	139	58	84	139	185	250	258	115	201	62	25	-41	45	41	44	130	20	35	-6	25	76	69	120	115	40	50	59	88	257	222	179	167	81	109	81	79	85	26	37	0	0	0
Content rights and payables, net
-3,143	-3,060	-2,993	-2,870	-3,001	-2,883	-2,769	-2,583	-2,171	-1,947	-1,840	-1,914	-1,890	-1,904	-1,851	-1,836	-1,816	-1,773	-1,800	-1,751	-1,737	-1,683	-1,634	-1,552	-1,516	-1,426	-1,324	-1,243	-1,166	-1,091	-1,059	-982	-902	-884	-869	-834	-812	-774	-754	-760	-750	-758	0	0	0
Accounts payable and accrued liabilities
131	122	28	-138	-114	-74	119	348	216	265	50	19	16	-10	-25	-87	-16	-2	32	55	-2	138	157	177	182	106	130	99	124	171	80	111	52	6	15	42	30	-1	52	-227	-14	28	0	0	0
Share-based compensation liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	-	-25	-25	-25	-81	-84	-84	-86	-64	-67	-69	-80	-45	-58	-71	-84	-126	-137	-127	-175	-158	-185	-189	-129	-81	0	0	0
Prepaid income taxes and income taxes receivable
-	-	-	-	-	-57	44	54	70	-20	-30	27	11	31	-22	46	39	64	149	4	10	-40	2	-40	-110	5	-39	21	93	11	19	3	18	-72	0	0	0	-	-	-	-	-	-	-	-
Foreign currency, prepaid expenses and other assets, net
122	32	127	-55	-53	-64	-160	-116	-112	-25	-21	0	27	101	111	113	57	10	-4	-5	15	5	5	6	13	12	34	28	30	21	29	35	11	31	33	33	33	30	0	0	0	-	0	0	0
Investments in equity method investees, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	174	11	2	28	317	343	391	404	173	156	132	151	149	168	169	127	0	0	0	-	-	-	-
Cash provided by operating activities
3,192	3,399	3,096	3,076	2,958	2,576	2,109	1,902	1,534	1,629	1,713	1,433	1,573	1,380	1,476	1,290	1,293	1,294	1,077	1,239	1,140	1,318	1,248	1,288	1,395	1,285	1,258	1,180	982	1,099	1,111	1,058	1,131	1,100	983	1,009	759	668	703	395	617	642	0	0	0
Investing Activities
Business acquisitions, net of cash acquired
51	73	60	60	22	8,565	8,621	8,625	8,625	60	0	0	0	-	-	-	-	80	27	73	371	372	398	350	1,818	1,861	1,961	1,961	209	149	0	0	0	-	-	-	-	38	0	0	0	-	-	-	-
Investments in and advances to equity investments
262	254	220	160	73	61	113	222	278	444	588	482	460	272	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
350	289	230	187	143	147	138	139	136	135	122	123	120	88	96	94	84	103	111	114	126	120	124	119	117	115	100	107	82	77	69	55	68	58	62	56	48	49	43	43	48	55	0	0	0
Investments in cost method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for derivative instruments, net
-	-	-	-	-	-	-	-	148	101	99	2	-5	0	-2	1	-2	9	11	11	11	0	0	0	16	55	55	55	39	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investees
-	-	-	-	-	-	-	-	-	77	56	65	77	87	89	78	87	87	70	69	60	61	82	84	63	47	23	4	0	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-66	5	-4	-5	-10	-6	-4	-3	-2	-1	-3	-3	0	2	-14	-21	-20	-15	2	9	8	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0
Cash used in investing activities
-414	-438	-335	-230	-12	-8,593	-8,659	-8,923	-9,084	-633	-725	-500	-479	-256	-329	-324	-224	-301	-65	-291	-618	-568	-575	-326	-1,865	-1,987	-2,389	-2,493	-751	-643	-274	-219	-186	-214	-211	-200	-195	-190	-135	-138	198	238	0	0	0
Financing Activities
Principal repayments of debt, including discount payment
2,205	2,658	2,668	1,756	469	16	0	0	0	650	650	650	650	0	5	5	5	854	849	849	849	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net repayments of revolver loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-315	0	0	0
Proceeds from Issuance of Long-term Debt
-	-	-	-	-	-	-	-	-	7,488	7,488	659	659	498	498	498	498	936	936	936	936	415	427	427	427	1,198	1,197	1,195	2,178	992	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loan facilities
-	-	-	-	-	2,000	2,000	2,000	2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,411	1,312	1,118	997	0	0	0	-	-	-	-	-	-	-	-
Repurchases of stock
0	-	-	-	0	-	-	-	-	603	0	0	1,201	-	1,499	1,177	1,007	951	931	1,177	1,473	1,422	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of common stock repurchase contracts
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests and redeemable noncontrolling interests
260	250	244	208	237	76	67	69	29	30	27	25	23	22	21	23	44	42	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments of revolving credit facility
-	-	-	-	-	-	-	-	-	475	638	463	708	835	758	676	504	265	399	381	673	660	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,883	2,888	3,377	951	1,012	0	0	0
Principal repayments of finance lease obligations
-	-	-	-	-	50	44	39	33	33	31	30	29	28	28	27	27	27	28	27	27	19	24	24	25	32	26	26	23	22	21	20	20	20	18	18	17	10	15	14	14	14	0	0	0
Hedge of borrowings from debt instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	29	29	29	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Repayments) borrowings under program financing line of credit, net
-	-	-	-	-	22	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based plan (payments) proceeds, net
-	-	-	-	-	54	45	31	47	16	29	48	36	39	28	7	6	-6	-4	20	27	44	51	51	66	73	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper repayments, net
-	-	-	-	-	-	-	-	-	-48	-70	-33	102	-45	-19	-217	-428	-136	-37	161	428	229	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under revolving credit facility
0	-	-	-	0	-	-	-	-	350	518	683	668	613	1,239	1,173	988	1,016	335	381	821	698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax settlements associated with equity-based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributions to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	25	7	10	13	0	0	0
Cash proceeds from equity-based plans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	93	109	61	63	70	48	47	0	0	0	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	44	54	28	28	32	22	19	0	0	0	-	-	-	-
Other financing activities, net
-17	6	7	3	-37	-12	-16	-73	-69	-64	-64	-8	-8	-13	-11	-13	-15	-13	-19	-18	-20	-16	-28	-27	-24	-19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Cash used in financing activities
-1,964	-2,357	-2,423	-1,903	-2,954	-283	116	7,223	8,054	5,951	5,774	-903	-1,113	-1,184	-1,195	-1,008	-1,086	-919	-1,064	-1,020	-862	-734	-708	-966	-1,127	-85	21	-1	1,090	-305	-314	-220	-342	-297	-752	-441	-810	-641	43	114	-281	-356	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-25	-38	-56	-14	-59	-23	-29	-16	41	62	8	-9	-47	-30	10	-5	29	-51	-62	-68	-96	-57	-28	1	-6	-6	-4	-9	-5	2	-2	-16	-12	-7	0	0	0	-	-	-	15	5	0	0	0
Net change in cash, cash equivalents, and restricted cash
789	566	282	929	-67	-6,323	-6,463	186	545	7,009	6,770	21	-66	-90	-38	-47	12	23	-114	-140	-436	-41	-63	-3	-1,603	-793	-1,114	-1,323	1,316	153	521	603	591	582	16	382	-238	-157	615	374	549	529	0	0	0
Supplemental Cash Flow Information
Cash paid for taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	404	468	510	485	436	361	320	288	319	666	356	395	364	177	506	444	0	0	0
Cash paid for interest, net as reported in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	266	267	257	244	226	225	200	205	196	727	318	365	350	-136	373	245	0	0	0
Noncash Investing and Financing Transactions
Investment in OWN
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	6	273	0	0	0	-	-	-	-	-	-	-	-
Assets acquired under capital lease arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	28	0	0	0	-	-	-	-
Accrued purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid, net of cash acquired
51	73	60	60	22	8,565	8,621	8,625	8,625	60	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	0	0	0	-	-	-	-