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Warner Bros. Discovery

NASDAQ: WBD · USD

Warner Bros. Discovery cash flow and EPS25

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$276M
Warner Bros. Discovery capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q23.21% · $15MUnavailableUnavailableUnavailable96.79% · $452M100% · $467M
FY 2009 Q31.81% · $9M0% · $0MUnavailableUnavailable98.19% · $489M100% · $498M
FY 2009 Q473.68% · $14M0% · $0MUnavailableUnavailable26.32% · $5M100% · $19M
FY 2010 Q121.82% · $12M69.09% · $38MUnavailableUnavailable9.09% · $5M100% · $55M
FY 2010 Q20.28% · $8M0% · $0MUnavailableUnavailable99.72% · $2,878M100% · $2,886M
FY 2010 Q3100% · $9M0% · $0MUnavailableUnavailable0% · $0M100% · $9M
FY 2010 Q43.41% · $20M0% · $0M96.59% · $567MUnavailable0% · $0M100% · $587M
FY 2011 Q16.18% · $11MUnavailable93.82% · $167MUnavailableUnavailable100% · $178M
FY 2011 Q27.08% · $16MUnavailable92.92% · $210MUnavailableUnavailable100% · $226M
FY 2011 Q34.05% · $15M0% · $0M95.95% · $355MUnavailableUnavailable100% · $370M
FY 2011 Q45.21% · $16M8.47% · $26M86.32% · $265MUnavailableUnavailable100% · $307M
FY 2012 Q16.8% · $21M0% · $0M93.2% · $288MUnavailableUnavailable100% · $309M
FY 2012 Q20.7% · $3M4.68% · $20M94.61% · $404MUnavailableUnavailable100% · $427M
FY 2012 Q36% · $29M0% · $0M94% · $454MUnavailableUnavailable100% · $483M
FY 2012 Q46.2% · $24M33.33% · $129M60.47% · $234MUnavailableUnavailable100% · $387M
FY 2013 Q130.23% · $26M69.77% · $60M0% · $0MUnavailableUnavailable100% · $86M
FY 2013 Q21.36% · $28M85.81% · $1,772M12.83% · $265MUnavailableUnavailable100% · $2,065M
FY 2013 Q34.68% · $22M0% · $0M95.32% · $448MUnavailableUnavailable100% · $470M
FY 2013 Q49.65% · $39M7.18% · $29M83.17% · $336MUnavailableUnavailable100% · $404M
FY 2014 Q19% · $28M5.47% · $17M85.53% · $266MUnavailableUnavailable100% · $311M
FY 2014 Q23.58% · $30M36.32% · $304M60.1% · $503MUnavailableUnavailable100% · $837M
FY 2014 Q310.27% · $27M18.25% · $48M71.48% · $188MUnavailableUnavailable100% · $263M
FY 2014 Q411.18% · $35M0.96% · $3M87.86% · $275MUnavailableUnavailable100% · $313M
FY 2015 Q168% · $34M32% · $16MUnavailableUnavailableUnavailable100% · $50M
FY 2015 Q275% · $18M25% · $6MUnavailableUnavailableUnavailable100% · $24M
FY 2015 Q392.31% · $24M7.69% · $2MUnavailableUnavailableUnavailable100% · $26M
FY 2015 Q432.53% · $27M67.47% · $56MUnavailableUnavailableUnavailable100% · $83M
FY 2016 Q1100% · $15M0% · $0MUnavailableUnavailableUnavailable100% · $15M
FY 2016 Q2100% · $28M0% · $0MUnavailableUnavailableUnavailable100% · $28M
FY 2016 Q3100% · $26M0% · $0MUnavailableUnavailableUnavailable100% · $26M
FY 2016 Q4100% · $19M0% · $0MUnavailableUnavailableUnavailable100% · $19M
FY 2017 Q197.92% · $47M0% · $0MUnavailableUnavailable2.08% · $1M100% · $48M
FY 2017 Q2100% · $31M0% · $0MUnavailableUnavailable0% · $0M100% · $31M
FY 2017 Q386.21% · $25M13.79% · $4MUnavailableUnavailable0% · $0M100% · $29M
FY 2017 Q436.36% · $32M63.64% · $56MUnavailableUnavailable0% · $0M100% · $88M
FY 2018 Q10.56% · $48M99.44% · $8,565MUnavailableUnavailableUnavailable100% · $8,613M
FY 2018 Q2100% · $34M0% · $0MUnavailableUnavailableUnavailable100% · $34M
FY 2018 Q3100% · $24M0% · $0MUnavailableUnavailableUnavailable100% · $24M
FY 2018 Q4100% · $41M0% · $0MUnavailableUnavailableUnavailable100% · $41M
FY 2019 Q166.67% · $44M33.33% · $22MUnavailableUnavailableUnavailable100% · $66M
FY 2019 Q267.24% · $78M32.76% · $38MUnavailableUnavailableUnavailable100% · $116M
FY 2019 Q3100% · $67M0% · $0MUnavailableUnavailableUnavailable100% · $67M
FY 2019 Q488.5% · $100M11.5% · $13MUnavailableUnavailableUnavailable100% · $113M
FY 2020 Q1100% · $105M0% · $0MUnavailableUnavailableUnavailable100% · $105M
FY 2020 Q2100% · $112M0% · $0MUnavailableUnavailableUnavailable100% · $112M
FY 2020 Q373.74% · $73M26.26% · $26MUnavailableUnavailableUnavailable100% · $99M
FY 2020 Q489.6% · $112M10.4% · $13MUnavailableUnavailableUnavailable100% · $125M
FY 2021 Q1100% · $90MUnavailableUnavailableUnavailableUnavailable100% · $90M
FY 2021 Q2100% · $77MUnavailableUnavailableUnavailableUnavailable100% · $77M
FY 2021 Q3100% · $106MUnavailableUnavailableUnavailableUnavailable100% · $106M
FY 2021 Q498.04% · $100M1.96% · $2MUnavailableUnavailableUnavailable100% · $102M
FY 2022 Q1100% · $85MUnavailableUnavailableUnavailableUnavailable100% · $85M
FY 2022 Q2100% · $222MUnavailableUnavailableUnavailableUnavailable100% · $222M
FY 2022 Q3100% · $316MUnavailableUnavailableUnavailableUnavailable100% · $316M
FY 2022 Q4100% · $364MUnavailableUnavailableUnavailableUnavailable100% · $364M
FY 2023 Q1100% · $299MUnavailableUnavailableUnavailableUnavailable100% · $299M
FY 2023 Q2100% · $292MUnavailableUnavailableUnavailableUnavailable100% · $292M
FY 2023 Q3100% · $457MUnavailableUnavailableUnavailableUnavailable100% · $457M
FY 2023 Q4100% · $268MUnavailableUnavailableUnavailableUnavailable100% · $268M
FY 2024 Q1100% · $195MUnavailableUnavailableUnavailableUnavailable100% · $195M
FY 2024 Q2100% · $252MUnavailableUnavailableUnavailableUnavailable100% · $252M
FY 2024 Q3100% · $215MUnavailableUnavailableUnavailableUnavailable100% · $215M
FY 2024 Q4100% · $286MUnavailableUnavailableUnavailableUnavailable100% · $286M
FY 2025 Q1100% · $251MUnavailableUnavailableUnavailableUnavailable100% · $251M
FY 2025 Q2100% · $281MUnavailableUnavailableUnavailableUnavailable100% · $281M
FY 2025 Q3100% · $278MUnavailableUnavailableUnavailableUnavailable100% · $278M
FY 2025 Q4100% · $421MUnavailableUnavailableUnavailableUnavailable100% · $421M
FY 2026 Q1100% · $268MUnavailableUnavailableUnavailableUnavailable100% · $268M
FY 2026 Q2100% · $276MUnavailableUnavailableUnavailableUnavailable100% · $276M
Jun 30, 2009 through Jun 30, 2026

Latest period omits acquisitions, buybacks, dividends, debt repayments. Percentages cover tracked uses. SBC is noncash and excluded.

Operating cash flow

USD millions

$848M

Capital expenditures

USD millions

$276M

Free cash flow

USD millions

$572M

Stock-based compensation

USD millions

$190M

SBC / free cash flow

% · FCF before SBC deduction

33.22%

SBC / operating cash flow

%

22.41%

Software & intangible investment

USD millions

—

Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.

Diluted EPS

USD per share

$0.06

Quarterly data

Warner Bros. Discovery cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 30, 202684827657219033.22%22.41%—$0.06
FY 2026 Q1Mar 31, 2026-208268-476152———$-1.17
FY 2025 Q4Dec 31, 20251,8044211,38322916.56%12.69%——
FY 2025 Q3Sep 30, 202597927870124234.52%24.72%—$-0.06
FY 2025 Q2Jun 30, 202598328170217524.93%17.8%—$0.63
FY 2025 Q1Mar 31, 202555325130212340.73%22.24%—$-0.18
FY 2024 Q4Dec 31, 20242,7152862,4291385.68%5.08%——
FY 2024 Q3Sep 30, 202484721563215925.16%18.77%—$0.05
FY 2024 Q2Jun 30, 20241,22825297615916.29%12.95%—$-4.07
FY 2024 Q1Mar 31, 202458519539010125.9%17.26%—$-0.4
FY 2023 Q4Dec 31, 20233,5782683,3101093.29%3.05%——
FY 2023 Q3Sep 30, 20232,5164572,0591436.95%5.68%—$-0.17
FY 2023 Q2Jun 30, 20232,0142921,7221377.96%6.8%—$-0.51
FY 2023 Q1Mar 31, 2023-631299-930111———$-0.44
FY 2022 Q4Dec 31, 20222,8463642,482953.83%3.34%——
FY 2022 Q3Sep 30, 2022124316-192107—86.29%—$-0.95
FY 2022 Q2Jun 30, 20221,01122278915019.01%14.84%—$-1.5
FY 2022 Q1Mar 31, 2022323852386025.21%18.58%—$0.69
FY 2021 Q4Dec 31, 2021884100784445.61%4.98%——
FY 2021 Q3Sep 30, 2021811106705395.53%4.81%—$0.24
FY 2021 Q2Jun 30, 202183477757314.1%3.72%—$1.01
FY 2021 Q1Mar 31, 2021269901796435.75%23.79%—$0.21
FY 2020 Q4Dec 31, 20205531124414810.88%8.68%——
FY 2020 Q3Sep 30, 202086073787324.07%3.72%——
FY 2020 Q2Jun 30, 2020991112879343.87%3.43%——
FY 2020 Q1Mar 31, 2020335105230-4-1.74%-1.19%——
FY 2019 Q4Dec 31, 20191,2321001,132605.3%4.87%——
FY 2019 Q3Sep 30, 201995167884131.47%1.37%——
FY 2019 Q2Jun 30, 201967478596396.54%5.79%——
FY 2019 Q1Mar 31, 201954244498306.02%5.54%——
FY 2018 Q4Dec 31, 201892941888-12-1.35%-1.29%——
FY 2018 Q3Sep 30, 201893124907434.74%4.62%——
FY 2018 Q2Jun 30, 201855634522346.51%6.12%——
FY 2018 Q1Mar 31, 2018160481121513.39%9.38%——
FY 2017 Q4Dec 31, 201746232430173.95%3.68%——
FY 2017 Q3Sep 30, 20177242569900%0%——
FY 2017 Q2Jun 30, 20171883115710.64%0.53%——
FY 2017 Q1Mar 31, 2017255472082110.1%8.24%——
FY 2016 Q4Dec 31, 201654619527203.8%3.66%——
FY 2016 Q3Sep 30, 201643626410225.37%5.05%——
FY 2016 Q2Jun 30, 20163292830131%0.91%——
FY 2016 Q1Mar 31, 20166215472451.06%38.71%——
FY 2015 Q4Dec 31, 201562527598193.18%3.04%——
FY 2015 Q3Sep 30, 201525824234-9-3.85%-3.49%——
FY 2015 Q2Jun 30, 201533118313237.35%6.95%——
FY 2015 Q1Mar 31, 201563342926.9%3.17%——
FY 2014 Q4Dec 31, 201442535390123.08%2.82%—$0.38
FY 2014 Q3Sep 30, 201442027393338.4%7.86%—$0.41
FY 2014 Q2Jun 30, 201423230202146.93%6.03%—$0.56
FY 2014 Q1Mar 31, 201424128213198.92%7.88%—$0.34
FY 2013 Q4Dec 31, 2013355393166119.3%17.18%—$0.41
FY 2013 Q3Sep 30, 2013460224384510.27%9.78%—$0.36
FY 2013 Q2Jun 30, 201333928311247.72%7.08%—$0.42
FY 2013 Q1Mar 31, 2013131261056057.14%45.8%—$0.32
FY 2012 Q4Dec 31, 2012328243044213.82%12.8%—$0.31
FY 2012 Q3Sep 30, 2012382293534011.33%10.47%—$0.28
FY 2012 Q2Jun 30, 201214131383122.46%21.99%—$0.39
FY 2012 Q1Mar 31, 2012248212274118.06%16.53%—$0.29
FY 2011 Q4Dec 31, 201134016324298.95%8.53%—$0.44
FY 2011 Q3Sep 30, 201132915314216.69%6.38%—$0.3
FY 2011 Q2Jun 30, 2011214161983216.16%14.95%—$0.32
FY 2011 Q1Mar 31, 201121711206178.25%7.83%—$0.38
FY 2010 Q4Dec 31, 2010223202032914.29%13%—$0.23
FY 2010 Q3Sep 30, 201035593465917.05%16.62%—$0.22
FY 2010 Q2Jun 30, 2010-368-4450———$0.13
FY 2010 Q1Mar 31, 2010126121144438.6%34.92%—$0.2
FY 2009 Q4Dec 31, 2009250142363213.56%12.8%—$0.18
FY 2009 Q3Sep 30, 20093892998337.93%257.89%—$0.11
FY 2009 Q2Jun 30, 2009169151546139.61%36.09%—$0.21
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · WBD, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.