WBD · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 69 · Surprise 64 · From source text

Cash provided by operating activities declined to $640 million in the six months ended June 30, 2026 from $1.536 billion in the comparable 2025 period. The $896 million decrease reflected lower net income excluding non-cash items and increased cash usage from working-capital activity. Cash used in investing activities increased to $499 million from $431 million, while cash used in financing activities declined to $1.273 billion from $1.886 billion. Cash, cash equivalents, and restricted cash ended the period at $3.373 billion, down $1.197 billion from the beginning of the year.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashpositiverealized+1.6%Net cash provided by operating activities for six months ended June 30, 2026: $1,536 million.
cashnegativerealized-0.9%Cash provided by operating activities was $640 million during the six months ended June 30, 2026 compared to $1,536 million during the six…