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DISCOVERY COM-A   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Revenue--------------------
Revenues: Advertising5,583.006,044.005,514.003,073.002,970.003,004.003,089.002,739.002,037.001,852.00
Revenues: Distribution4,866.004,835.004,538.003,474.003,213.003,068.002,842.002,536.002,206.002,070.00
Revenues- Other222.00265.00501.00326.00314.00322.00334.00260.00244.00246.00
Total Revenues10,671.0011,144.0010,553.006,873.006,497.006,394.006,265.005,535.004,487.004,168.00
Cost of Services3,860.003,819.003,935.002,656.002,432.002,343.002,124.001,689.001,218.001,176.00
Depreciation and amortization1,359.001,347.001,398.00330.00322.00330.00329.00276.00117.00117.00
Impairment of goodwill124.00155.00--1,327.000.000.00--------
Stock-based compensation--------------------
Selling, general, and administrative, including stock-based compensation2,722.002,788.002,620.001,768.001,690.001,669.001,692.001,598.001,287.001,171.00
Restructuring and impairment charges91.0026.00750.0075.0058.0050.0090.0016.006.0030.00
Gains on Dispositions----84.00(4.00)63.00(17.00)31.0019.000.00129.00
Gain on sale of operating assets--------------------
Total costs and expenses8,156.008,135.008,619.006,160.004,439.004,409.004,204.003,560.002,628.002,365.00
Operating income2,515.003,009.001,934.00713.002,058.001,985.002,061.001,975.001,859.001,803.00
Interest expense648.00677.00729.00475.00353.00330.00328.00306.00248.00208.00
Interest to parent--------------------
Share of earnings of Discovery--------------------
Losses from equity investees, net(105.00)(2.00)(63.00)(211.00)(38.00)1.0023.0018.00(86.00)(35.00)
Other, net42.00(8.00)(120.00)(110.00)4.00(97.00)(9.00)49.00(7.00)3.00
Gain (loss) on extinguishment of debt(76.00)(28.00)0.00(54.00)0.000.00--------
Income (loss) before income taxes1,728.002,294.001,022.00(137.00)1,671.001,559.001,747.001,736.001,518.001,563.00
Current: Federal422.00411.00323.00177.00384.00306.00529.00333.00419.00253.00
Deferred: Federal(14.00)(54.00)(113.00)(124.00)45.0059.00(112.00)113.00(69.00)17.00
Current: State and local taxes12.0042.0030.0045.00(56.00)57.0064.0068.0095.0038.00
Deferred: State and local taxes(24.00)(8.00)(21.00)(7.00)0.00(10.00)(16.00)(2.00)9.0013.00
Deferred: Foreign(148.00)(442.00)3.00(68.00)(72.00)(47.00)(53.00)(28.00)(10.00)(3.00)
Current: Foreign125.00132.00119.00153.00152.00146.00198.00175.00118.00109.00
Income tax expense (benefit)373.0081.00341.00176.00453.00511.00610.00659.00562.00427.00
Minority interests in consolidated subsidiaries, net of tax--------------------
Income from continuing operations, net of taxes----------------956.001,136.00
Net income (loss) from discontinued operations----------------(11.00)(3.00)
Consolidated Net Income (loss)1,355.002,213.00681.00(313.00)1,218.001,048.001,137.001,077.00945.001,133.00
Net loss (income) attributable to non-controlling interests124.00128.0067.00--1.001.002.001.002.001.00
Net income attributable to redeemable noncontrolling interests12.0016.0020.0024.0023.0013.00(4.00)1.000.000.00
Redeemable noncontrolling interest adjustments to redemption value------------------0.00
Stock dividends to preferred interests--------------------
Net Income (loss) Available to Common Shareholders1,219.002,069.00594.00(337.00)1,194.001,034.001,139.001,075.00943.001,132.00
Net income per share from continuing operations----------------1.272.83
Net income per share from discontinued operations----------------(0.01)(0.01)
Net Earnings Per Share (Basic)1.822.900.86(0.59)1.971.591.671.501.252.82
Net income per share from continuing operations----------------1.262.80
Net income per share from discontinued operations----------------(0.01)(0.01)
Net Earnings Per Share (Diluted)1.812.880.86(0.59)1.961.581.661.491.242.80
Weighted Average Shares Outstanding (Basic)505.00529.00498.00384.00401.00432.00454.00484.00498.00401.00
Weighted Average Shares Outstanding (Diluted)672.00711.00688.00576.00610.00656.00687.00722.00759.00405.00