7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-06-30 2020-03-31 2019-09-30 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 
                                
      operating activities
    		                            
      net income
    		9,677,000,000 4,861,000,000 4,692,000,000  145,000,000 3,949,000,000 3,751,000,000        5,164,000,000 -16,088,978,521 6,273,000,000 1,874,000,000 7,942,000,000 1,563,000,000 4,963,000,000 3,949,000,000 4,816,000,000 5,248,000,000 4,759,000,000 3,123,000,000 4,014,000,000 3,574,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      depreciation and amortization
    		5,317,000,000 5,251,000,000 5,190,000,000 5,374,000,000 5,087,000,000 5,072,000,000 5,047,000,000 4,766,000,000 4,705,000,000 4,675,000,000 4,631,000,000 4,595,000,000 4,514,000,000 3,373,000,000 5,539,000,000 -17,188,977,138 5,619,000,000 5,761,000,000 5,809,000,000 7,285,000,000 7,222,000,000 6,949,000,000 8,166,000,000 6,378,000,000 5,994,000,000 6,042,000,000 6,147,000,000 6,127,000,000 
      provision for uncollectible accounts
    		555,000,000 521,000,000 516,000,000 538,000,000 489,000,000 470,000,000 472,000,000 560,000,000 480,000,000 452,000,000 477,000,000 542,000,000 453,000,000 410,000,000 460,000,000              
      asset impairments and abandonments and restructuring
    		0 0 504,000,000 14,000,000 4,422,000,000 480,000,000 159,000,000 589,000,000    26,753,000,000 114,000,000                
      pension and postretirement benefit expense
    		-397,000,000 -397,000,000 -397,000,000 -471,000,000 -471,000,000 -470,000,000 -471,000,000 -586,000,000 -625,000,000 -671,000,000 -670,000,000 -708,000,000 -794,000,000 -798,000,000 -937,000,000 2,869,996,152 -971,000,000 -925,000,000 -974,000,000 -747,000,000 -748,000,000        
      net loss on investments
    		-5,691,000,000 -112,000,000 81,000,000                          
      changes in operating assets and liabilities:
    		                            
      receivables
    		-366,000,000 -262,000,000 15,000,000 -451,000,000 444,000,000 -382,000,000 512,000,000 -1,091,000,000 -169,000,000 722,000,000 620,000,000 -294,000,000 -271,000,000 1,520,000,000 -228,000,000 -57,000,634 -1,358,000,000 664,000,000 751,000,000 827,000,000 1,695,000,000        
      equipment installment receivables and related sales
    		-309,000,000 -97,000,000 1,212,000,000 -947,000,000 -579,000,000 -344,000,000 24,000,000 -77,000,000 246,000,000 -59,000,000 -243,000,000 -752,000,000 564,000,000 -199,000,000 541,000,000 -715,000,265 -96,000,000 -379,000,000 1,190,000,000 -309,000,000 535,000,000 -296,000,000 -270,000,000 -15,000,000 505,000,000 209,000,000 328,000,000 579,000,000 
      contract asset and cost deferral
    		-183,000,000 -152,000,000 -147,000,000                          
      inventories, prepaid and other current assets
    		-1,635,000,000 344,000,000 -661,000,000 -530,000,000                         
      accounts payable and other accrued liabilities
    		2,411,000,000 -1,143,000,000 -3,297,000,000 3,693,000,000 328,000,000 -1,334,000,000 -3,497,000,000 3,298,000,000 707,000,000 -2,360,000,000 -3,409,000,000 2,152,000,000 644,000,000 126,000,000 -4,031,000,000 2,254,001,636 2,044,000,000 -1,238,000,000 -3,060,000,000 37,000,000 -3,884,000,000 2,120,000,000 2,505,000,000 -1,928,000,000 -1,962,000,000 1,324,000,000 -983,000,000 -1,778,000,000 
      changes in income taxes
    		946,000,000 378,000,000 1,285,000,000                          
      postretirement claims and contributions
    		-490,000,000 -35,000,000 -68,000,000 -37,000,000 -36,000,000 -39,000,000 -54,000,000 -20,000,000 -159,000,000 -467,000,000 -89,000,000 -380,000,000 -257,000,000 -89,000,000 -97,000,000 424,999,178 -218,000,000 136,000,000 -343,000,000 -117,000,000 -111,000,000        
      other - net
    		317,000,000 606,000,000 124,000,000  701,000,000 272,000,000 192,000,000  6,000,000 904,000,000 130,000,000  579,000,000 -349,000,000 -166,000,000  622,000,000 53,000,000 -159,000,000 691,000,000 -345,000,000 230,000,000   -288,000,000 -379,000,000 -544,000,000 -497,000,000 
      total adjustments
    		475,000,000 4,902,000,000 4,357,000,000 7,488,000,000 10,090,000,000 5,144,000,000 3,796,000,000 8,796,000,000 6,510,000,000 5,160,000,000 2,225,000,000 33,468,000,000 3,748,000,000 4,902,000,000 568,000,000 -14,613,979,522 3,593,000,000 9,036,000,000 1,985,000,000 10,496,000,000 3,903,000,000 7,440,000,000 7,530,000,000 4,981,000,000 4,188,000,000 7,991,000,000 4,928,000,000 5,644,000,000 
      net cash from operating activities
    		10,152,000,000 9,763,000,000 9,049,000,000  10,235,000,000 9,093,000,000 7,547,000,000        5,732,000,000 -30,702,958,043 9,866,000,000 10,910,000,000 9,927,000,000 12,059,000,000 8,866,000,000 11,389,000,000 12,346,000,000 10,229,000,000 8,947,000,000 11,114,000,000 8,942,000,000 9,218,000,000 
      investing activities
    		                            
      capital expenditures
    		-4,887,000,000 -4,897,000,000 -4,277,000,000  -5,302,000,000 -4,360,000,000 -3,758,000,000        -4,748,000,000 12,695,983,473 -4,704,000,000 0 0 -4,434,000,000 -4,938,000,000 -5,141,000,000 -5,736,000,000 -5,002,000,000 -5,957,000,000 -5,006,000,000 -4,966,000,000 -5,784,000,000 
      free cash flows
    		5,265,000,000 4,866,000,000 4,772,000,000  4,933,000,000 4,733,000,000 3,789,000,000        984,000,000 -18,006,974,570 5,162,000,000 10,910,000,000 9,927,000,000 7,625,000,000 3,928,000,000 6,248,000,000 6,610,000,000 5,227,000,000 2,990,000,000 6,108,000,000 3,976,000,000 3,434,000,000 
      acquisitions, net of cash acquired
    		1,000,000 -28,000,000 -20,000,000 -58,000,000 -52,000,000 -59,000,000 -211,000,000 -2,019,000,000 -408,000,000 -224,000,000 -291,000,000 -241,000,000 -389,000,000 -326,000,000 -9,244,000,000 23,532,974,547 -364,000,000 -285,000,000 -22,884,000,000 -1,074,000,000 -100,000,000 -804,000,000 -2,401,000,000 -40,481,000,000 -234,000,000 -70,000,000 1,386,000,000 -162,000,000 
      dispositions
    		399,000,000 29,000,000 11,000,000 9,000,000 52,000,000 6,000,000 8,000,000 6,000,000 50,000,000 1,000,000 15,000,000 150,000,000 27,000,000 11,000,000 11,000,000 -9,085,991,260 8,451,000,000 584,000,000 51,000,000 229,000,000 118,000,000 182,000,000 924,000,000 3,000,000 56,000,000 5,000,000 45,000,000 6,000,000 
      distributions from directv in excess of cumulative equity in earnings
    		   0 342,000,000 392,000,000 194,000,000 602,000,000 473,000,000 200,000,000 774,000,000 444,000,000 567,000,000 323,000,000 1,315,000,000              
      (purchases), sales and settlements of securities - net
    		                            
      net cash from investing activities
    		-3,389,000,000 -6,086,000,000 -4,958,000,000  -5,150,000,000 -4,016,000,000 -2,961,000,000        -12,651,000,000 27,332,967,911 3,298,000,000 -3,779,000,000 -26,852,000,000 -5,256,000,000 -5,022,000,000 -5,703,000,000 -7,352,000,000 -45,483,000,000 -7,152,000,000 -5,318,000,000 -3,777,000,000 -6,171,000,000 
      financing activities
    		                            
      issuance of other short-term borrowings
    		   0 0 0 491,000,000 0 0 1,779,000,000 3,627,000,000 0 1,362,000,000 0 2,593,000,000 -17,475,978,144 1,036,000,000 955,000,000 15,485,000,000 7,050,000,000 1,390,000,000 945,000,000 13,000,000      
      repayment of other short-term borrowings
    		   0 0 -491,000,000 -1,996,000,000 -2,436,000,000 -112,000,000   -1,484,000,000 -1,248,000,000 -12,206,000,000 -3,407,000,000 2,447,992,490 -1,591,000,000     -1,554,000,000       
      issuance of long-term debt
    		7,598,000,000 3,473,000,000 2,956,000,000 15,000,000 2,000,000   371,000,000 0 6,267,000,000 3,366,000,000 2,500,000,000 0 -29,817,000,000 30,296,000,000 -9,930,990,069 834,000,000 0 9,097,000,000 16,703,000,000 4,357,000,000 5,004,000,000 11,847,000,000 23,913,000,000 2,565,000,000 22,646,000,000 11,675,000,000 12,440,000,000 
      repayment of long-term debt
    		-229,000,000 -94,000,000 -1,526,000,000 -3,184,000,000 -203,000,000 -2,225,000,000 -4,685,000,000 -155,000,000 -4,280,000,000 -1,664,000,000 -5,945,000,000 -706,000,000 -199,000,000 -23,411,000,000 -802,000,000 1,652,996,858 -498,000,000 -253,000,000 -902,000,000 -12,862,000,000 -4,422,000,000 -8,244,000,000 -14,132,000,000 -24,536,000,000 -4,911,000,000 -4,191,000,000 -3,065,000,000 -3,053,000,000 
      payment of vendor financing
    		-400,000,000 -220,000,000 -203,000,000 -221,000,000 -180,000,000 -550,000,000 -841,000,000 -1,006,000,000 -980,000,000 -1,643,000,000 -2,113,000,000 -460,000,000 -900,000,000 -1,771,000,000 -1,566,000,000 4,012,995,404 -1,019,000,000 -1,304,000,000 -1,690,000,000 -563,000,000 -791,000,000        
      redemption of preferred stock
    		0 0 -2,075,000,000                          
      purchase of treasury stock
    		-1,490,000,000 -961,000,000 -218,000,000 -13,000,000 -43,000,000 -2,000,000 -157,000,000 -4,000,000 -1,000,000 -1,000,000 -188,000,000 -15,000,000 -3,000,000 -675,000,000 -197,000,000 190,999,798 -6,000,000 -9,000,000 -176,000,000 -17,000,000 -5,463,000,000 -169,000,000 -13,000,000 -419,000,000 -145,000,000 -2,000,000 -281,000,000 -177,000,000 
      issuance of treasury stock
    		2,000,000 0 17,000,000 13,000,000    0 0 0 3,000,000 0 0 2,000,000 26,000,000 -88,999,904 4,000,000 22,000,000 63,000,000 26,000,000 58,000,000 121,000,000 347,000,000 1,000,000 11,000,000 2,000,000 3,000,000 21,000,000 
      issuance of preferred interests in subsidiary
    		0 0 2,221,000,000     0 0                    
      dividends paid
    		-2,033,000,000 -2,044,000,000 -2,091,000,000 -2,037,000,000 -2,038,000,000 -2,099,000,000 -2,034,000,000 -2,020,000,000 -2,019,000,000 -2,083,000,000 -2,014,000,000 -2,014,000,000 -2,010,000,000 -2,086,000,000 -3,749,000,000 11,318,984,932 -3,748,000,000 -3,830,000,000 -3,741,000,000 -3,737,000,000 -3,737,000,000 -3,726,000,000 -3,631,000,000 -3,074,000,000 -3,070,000,000 -3,009,000,000 -3,012,000,000 -3,009,000,000 
      net cash from financing activities
    		2,989,000,000 -45,000,000 -553,000,000  -5,562,000,000 -5,478,000,000 -7,815,000,000        24,251,000,000 -8,164,998,422 -3,735,000,000 -6,583,000,000 18,483,000,000 188,000,000 -6,099,000,000 -7,558,000,000 -9,959,000,000 -218,000,000 -3,502,000,000 17,086,000,000 5,568,000,000 6,049,000,000 
      net increase in cash and cash equivalents and restricted cash
    		9,752,000,000 3,632,000,000 3,538,000,000 680,000,000 -477,000,000 -401,000,000 -3,229,000,000 -826,000,000 -1,963,000,000 6,680,000,000 -851,000,000 1,299,000,000 -1,623,000,000 -34,531,000,000 17,332,000,000 -11,534,988,554 9,429,000,000 548,000,000 1,558,000,000 6,991,000,000 -2,255,000,000 -1,872,000,000 -4,965,000,000 -35,472,000,000 -1,707,000,000    
      cash and cash equivalents and restricted cash beginning of year
    		0 0 3,406,000,000 0 0 0 6,833,000,000 0 0 0 3,793,000,000 0 0 0 21,316,000,000 -9,869,990,130 0 0 9,870,000,000 0 12,295,000,000 0 0 0 50,932,000,000    
      cash and cash equivalents and restricted cash end of period
    		9,752,000,000 3,632,000,000 6,944,000,000  -477,000,000 -401,000,000 3,604,000,000  -1,963,000,000 6,680,000,000 2,942,000,000  -1,623,000,000 -34,531,000,000 38,648,000,000  9,429,000,000 548,000,000 11,428,000,000 6,991,000,000 10,040,000,000 -1,872,000,000 -4,965,000,000 -35,472,000,000 49,225,000,000    
      see notes to consolidated financial statements.
    		                            
      (purchases), sales and settlements of securities and investments - net
    		 -1,129,000,000 45,000,000  6,000,000 68,000,000 1,079,000,000 141,000,000 13,000,000                    
      net change in short-term borrowings with original maturities of three months or less
    		     753,000,000 1,933,000,000 0 0 -378,000,000 -536,000,000 -603,000,000 -88,000,000 -2,113,000,000 2,285,000,000  554,000,000 -611,000,000 687,000,000 -1,244,000,000 1,742,000,000 -141,000,000 -3,298,000,000    -1,000,000 -1,000,000 
      income from continuing operations
    		       2,582,000,000 3,826,000,000 4,762,000,000 4,453,000,000 -23,120,000,000 6,346,000,000                
      adjustments to reconcile income from continuing operations to net cash from operating activities from continuing operations:
    		                            
      deferred income tax expense
    		   -241,000,000 608,000,000 724,000,000 479,000,000 -126,000,000 1,327,000,000 1,307,000,000 529,000,000 28,000,000 623,000,000 1,392,000,000 932,000,000 -3,186,994,754 1,415,000,000 -76,000,000 1,848,000,000 394,000,000 259,000,000 -41,000,000 902,000,000 810,000,000 1,222,000,000 2,290,000,000 484,000,000 480,000,000 
      net loss on investments, net of impairments
    		   -8,000,000 -97,000,000 -16,000,000 201,000,000 106,000,000 495,000,000 -67,000,000 -93,000,000 -31,000,000 79,000,000 240,000,000 93,000,000              
      actuarial and settlement loss on pension and postretirement benefits – net
    		                            
      deferred customer contract acquisition and fulfillment costs
    		   7,000,000 196,000,000 191,000,000 103,000,000 -46,000,000 13,000,000 56,000,000 -22,000,000 -191,000,000 -250,000,000 -247,000,000 -259,000,000 -315,999,948 -94,000,000 166,000,000 244,000,000 217,000,000 105,000,000 -182,000,000 -932,000,000 -899,000,000 -826,000,000    
      other – net
    		                            
      net cash from operating activities from continuing operations
    		       11,378,000,000 10,336,000,000 9,922,000,000 6,678,000,000 10,348,000,000 10,094,000,000                
      (purchases), sales and settlements of securities and investments – net
    		                            
      net cash from investing activities from continuing operations
    		       -5,874,000,000 -4,545,000,000 -5,423,000,000 -3,818,000,000 -3,888,000,000 -5,700,000,000                
      note payable to directv, net of payments
    		           -141,000,000                 
      redemption of preferred interests in subsidiary
    		       0 0                    
      net cash from financing activities from continuing operations
    		       -6,330,000,000 -7,754,000,000 2,181,000,000 -3,711,000,000 -5,161,000,000 -4,939,000,000                
      net increase in cash and cash equivalents and restricted cash from continuing operations
    		       -826,000,000 -1,963,000,000   1,299,000,000 -545,000,000                
      cash flows from discontinued operations:
    		                            
      cash from operating activities
    		           -35,000,000 -23,000,000                
      cash from investing activities
    		           65,000,000 157,000,000                
      cash from financing activities
    		           -30,000,000 -1,212,000,000                
      net increase in cash and cash equivalents and restricted cash from discontinued operations
    		           0 -1,078,000,000                
      cash and cash equivalents and restricted cash end of year
    		                            
      actuarial and settlement loss on pension and postretirement benefits - net
    		       1,739,000,000 -71,000,000                    
      repayment of note payable to directv
    		        0 0 -130,000,000   -428,000,000 -294,000,000              
      other current assets
    		     520,000,000 629,000,000 -699,000,000 -1,049,000,000 742,000,000 364,000,000 125,000,000 -810,000,000            614,000,000 -577,000,000 243,000,000 228,000,000 
      actuarial loss on pension and postretirement benefits
    		           1,839,000,000 -1,440,000,000 -1,345,000,000 -1,053,000,000              
      net decrease in cash and cash equivalents and restricted cash from continuing operations
    		          -851,000,000                  
      issuance of preferred stock
    		                   0 3,869,000,000        
      issuance of preferred interests in subsidiaries
    		                            
      redemption of preferred interest in subsidiary
    		                            
      amortization of film and television costs
    		              3,009,000,000 -8,420,988,994 2,165,000,000 3,370,000,000 2,886,000,000          
      distributed (undistributed) earnings from investments in equity affiliates
    		              26,000,000 -101,999,816             
      other current assets, inventories and theatrical film and television production costs
    		              -3,261,000,000  -4,943,000,000 -3,467,000,000 -3,518,000,000 -2,325,000,000 -3,267,000,000 -3,915,000,000 -3,768,000,000      
      adjustments to reconcile net income to net cash fromoperating activities:
    		                            
      asset impairments and abandonments
    		               -4,715,995,096 161,000,000            
      other current assets, inventories and theatrical film and televisionproduction costs
    		                            
      net change in short-term borrowings with original maturities ofthree months or less
    		                            
      note payable to directv, net of payments of 459
    		                            
      benefit from uncollectible accounts
    		                262,000,000 275,000,000 321,000,000 419,000,000 780,000,000  432,000,000 370,000,000 438,000,000 421,000,000 402,000,000 393,000,000 
      net (gain) loss on investments, net of impairments
    		                -728,000,000 -118,000,000 -119,000,000          
      actuarial (gain) loss on pension and postretirement benefits
    		                -374,000,000 197,000,000 -2,844,000,000    0 -1,796,000,000 -930,000,000    
      note payable to directv, net of payments of 361
    		                            
      undistributed earnings from investments in equity affiliates
    		                 62,000,000 -47,000,000 25,000,000 39,000,000 5,000,000 77,000,000 237,000,000 -2,000,000    
      capital expenditures, including (61) and (28) of interest during construction
    		                  -4,033,000,000          
      (purchases), sales and settlements of securities and investments
    		                  -4,000,000   127,000,000       
      advances to and investments in equity affiliates
    		                  18,000,000 2,000,000 -68,000,000 -19,000,000 14,000,000 -28,000,000 -1,007,000,000    
      capital expenditures, including (123), (200) and (493) ofinterest during construction
    		                            
      (purchases), sales and settlement of securities and investments
    		                    -6,000,000        
      cash collections of deferred purchase price
    		                      0 233,000,000 267,000,000    
      amortization of television and film costs
    		                   1,716,000,000 2,269,000,000 1,860,000,000 1,440,000,000      
      capital expenditures:
    		                            
      purchase of property and equipment
    		                   -4,434,000,000 -4,938,000,000 -5,141,000,000 -5,736,000,000 -5,002,000,000 -5,957,000,000 -5,006,000,000 -4,966,000,000 -5,784,000,000 
      interest during construction
    		                   -32,000,000 -28,000,000 -48,000,000 -137,000,000 -106,000,000 -161,000,000 -245,000,000 -242,000,000 -231,000,000 
      other
    		                   807,000,000 -3,102,000,000 1,319,000,000 -17,000,000 -3,169,000,000 2,048,000,000 1,638,000,000 249,000,000 -172,000,000 
      net (gain) loss on assets, net of impairments
    		                    -646,000,000        
      net loss from investments, net of impairments
    		                            
      net (gain) income from investments, net of impairments
    		                      -472,000,000 -31,000,000 2,000,000    
      accounts receivable
    		                      -1,251,000,000 672,000,000 -439,000,000 -771,000,000 -326,000,000 445,000,000 
      employee retirement benefits
    		                            
      retirement benefit funding
    		                      -140,000,000 -140,000,000 -140,000,000 -140,000,000 -140,000,000 -140,000,000 
      (purchases) sales of securities
    		                      -16,000,000      
      sales (purchases) of securities
    		                        -116,000,000    
      undistributed loss (earnings) from investments in equity affiliates
    		                         4,000,000 -15,000,000 182,000,000 
      net gain from sale of investments, net of impairments
    		                         -126,000,000 -49,000,000 61,000,000 
      actuarial gain on pension and postretirement benefits
    		                         0   
      deferred fulfillment costs
    		                         -306,000,000 -360,000,000 -436,000,000 
      net increase in cash and cash equivalents
    		                         22,882,000,000 10,733,000,000 9,096,000,000 
      cash and cash equivalents beginning of year
    		                         0 0 5,788,000,000 
      cash and cash equivalents end of period
    		                         22,882,000,000 10,733,000,000 14,884,000,000 
      cash paid during the nine months ended september 30 for:
    		                            
      interest
    		                         1,936,000,000 1,452,000,000 1,643,000,000 
      income taxes, net of refunds
    		                         391,000,000 1,630,000,000 -160,000,000 
      sale of securities
    		                            
      cash paid during the six months ended june 30 for:
    		                            
      cash paid (received) during the three months ended march 31 for:
    		                            
      accounts payable and accrued liabilities
    		                            
      2
    		                            
      3
    		                            
      1
    		                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.