Company Quick10K Filing
Discovery
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 -0 $-0
10-K 2020-02-27 Annual: 2019-12-31
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-14 Annual: 2016-12-31
10-Q 2016-11-01 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-18 Annual: 2015-12-31
10-Q 2015-11-03 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-02-19 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-20 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-07-30 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-02-14 Annual: 2012-12-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-17 Annual: 2011-12-31
10-Q 2011-11-02 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-04-29 Quarter: 2011-03-31
10-K 2011-02-18 Annual: 2010-12-31
10-Q 2010-11-02 Quarter: 2010-09-30
10-Q 2010-08-03 Quarter: 2010-06-30
10-Q 2010-04-30 Quarter: 2010-03-31
10-K 2010-02-22 Annual: 2009-12-31
8-K 2020-03-24 Regulation FD, Exhibits
8-K 2020-02-27 Earnings, Other Events, Exhibits
8-K 2020-01-07 Other Events, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-10-02 Other Events, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-10 Other Events, Exhibits
8-K 2019-05-16 Other Events, Exhibits
8-K 2019-05-08 Shareholder Vote
8-K 2019-05-02 Earnings, Other Events, Exhibits
8-K 2019-05-01 Officers
8-K 2019-03-11 Other Events, Exhibits
8-K 2019-03-04 Other Events, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-02-19 Other Events
8-K 2019-02-04 Officers
8-K 2019-01-04 Other Events, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-15 Officers
8-K 2018-09-27 Other Events, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-16 Officers, Exhibits
8-K 2018-07-05 Other Events, Exhibits
8-K 2018-06-04 Other Events, Exhibits
8-K 2018-05-10 Officers, Shareholder Vote, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-04-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-03-26 Other Events, Exhibits
8-K 2018-03-19 Other Events, Exhibits
8-K 2018-03-06 M&A, Off-BS Arrangement, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2018-03-05 Regulation FD, Exhibits
8-K 2018-03-05 Other Events, Exhibits
8-K 2018-03-02 Other Events, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-27 Other Events, Exhibits
8-K 2018-02-27 Other Events, Exhibits
8-K 2018-02-09 Officers
8-K 2018-02-06 Other Events, Exhibits
8-K 2018-02-02 Officers
8-K 2018-01-09 Other Events, Exhibits
8-K 2018-01-08 Other Events, Exhibits

Discovery Financials

DISCA Metrics, Comps, Filings

Annual | Quarterly

Business

We were formed on September 17, 2008 as a Delaware corporation in connection with Discovery Holding Company ("DHC") and Advance/Newhouse Programming Partnership ("Advance/Newhouse") combining their respective ownership interests in Discovery Communications Holding, LLC ("DCH") and exchanging those interests with and into Discovery (the "Discovery Formation"). As a result of the Discovery Formation, DHC and DCH became wholly-owned subsidiaries of Discovery, with Discovery becoming the successor reporting entity to DHC.

We are a global media company that provides content across multiple distribution platforms, including linear platforms such as pay-television ("pay-TV"), free-to-air ("FTA") and broadcast television, authenticated GO applications, digital distribution arrangements and content licensing arrangements. As one of the world's largest pay-TV programmers, we provide original and purchased content and live events to approximately 4 billion cumulative subscribers and viewers worldwide through networks that we wholly or partially own. We distribute customized content in the U.S. and over 220 other countries and territories in nearly 50 languages. Our global portfolio of networks includes prominent nonfiction television brands such as Discovery Channel, our most widely distributed global brand, TLC, Animal Planet, Investigation Discovery, Science Channel, and MotorTrend (previously known as Velocity domestically and currently known as Turbo internationally). As a result of the acquisition of Scripps Networks, we also added a portfolio of networks that include Food Network, HGTV, Travel Channel, and TVN, a Polish media company. Our portfolio also includes Eurosport, a leading sports entertainment provider and broadcaster of the Olympic Games (the "Olympics") across Europe, as well as Discovery Kids, a leading children's entertainment brand in Latin America. We participate in joint ventures including Group Nine Media ("Group Nine"), a digital media holding company home to top digital brands including NowThis News, the Dodo, Thrillist, and Seeker. We operate production studios, and prior to the sale of our Education Business on April 30, 2018, we sold curriculum-based education products and services (See Note 3 to the accompanying consolidated financial statements.)

Our objectives are to invest in high-quality content for our networks and brands to build viewership, optimize distribution revenue, capture advertising sales, and create or reposition branded channels and business to sustain long-term growth and occupy a desired content niche with strong consumer appeal. Our strategy is to maximize the distribution, ratings and profit potential of each of our branded networks. In addition to growing distribution and advertising revenues for our branded networks, we have extended content distribution across new platforms, including brand-aligned websites, online streaming, mobile devices, video on demand ("VOD") and broadband channels, which provide promotional platforms for our television content and serve as additional outlets for advertising and distribution revenue. Audience ratings are a key driver in generating advertising revenue and creating demand on the part of cable television operators, direct-to-home ("DTH") satellite operators, telecommunication service providers, and other content distributors who deliver our content to their customers.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Twenty-First Century Fox (FOX) 89,006 0% 5.2 22% 65,886 33,881 31,037 0 14,184 17,245 90,534
Charter Communications (CHTR) 88,807 0% 73.0 1% 146,085 67,457 44,676 0 1,870 2,210 161,267
Fox Corporation (FOXA) 22,027 0% 15.1 5% 19,509 9,562 8,848 0 1,028 1,749 26,436
DISH Network (DISH) 19,947 94% 9.9 5% 32,284 22,449 13,100 12,278 1,512 3,420 33,957
Liberty Global (LBTYA) 19,510 73% 6.6 2% 53,987 50,316 11,626 8,470 1,176 7,334 48,133
Altice (ATUS) 15,925 67% 9.1 1% 33,780 31,071 9,720 6,498 309 4,339 39,427
Viacom (VIA) 13,926 47% 9.3 7% 23,648 15,208 12,890 6,012 1,672 2,391 22,162
Roku (ROKU) 10,682 45% -991.7 -3% 821 360 906 406 -22 -10 10,305
Cable One (CABO) 6,684 0% 17.0 6% 2,549 1,787 1,113 0 155 464 7,900
Liberty Latin America (LILA) 3,136 76% 9.0 -3% 13,907 9,903 3,799 2,890 -404 1,048 9,430
AMC Networks (AMCX) 3,107 51% 6.4 9% 5,562 4,690 3,026 1,552 477 866 5,550
MSG Networks (MSGN) 1,599 0% 7.1 21% 867 1,326 721 0 186 335 2,394
WideOpenWest (WOW) 593 36% 6.4 4% 2,459 2,740 1,154 411 104 448 2,878
Hemisphere Media (HMTV) 502 72% 28.9 -0% 488 260 158 114 -2 22 630
Ideanomics (IDEX)
Liberty Broadband Corporation (LBRDA)
Shaw Communications (SJR)
Comcast Corporation (CCZ)
Rogers Communication (RCI)
Discovery (DISCA) 66% 3.1 6% 33,845 22,180 10,993 7,245 2,066 5,010 15,320

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash62301000000986
Accounts Receivable
Inventory
PP&E4113993793885141,542488482597800
Assets10,965-25,247-21,8504,1784,1123,8003,6183,4173,05632,550
Accounts Payable63875371141225282241277325
Long-Term Debt3,457854,600007,1697,8017,923017,170
Liabilities4,6974,786-2121212221202122,033
Stockholders' Equity6,2086,225-19,4786,2916,1965,6025,4518,386
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue3,516-8-11002952680010,553
Cost of Revenue1,065-7-80000003,935
Gross Profit2,451-1-300295268006,618
R&D
SG&A1,247-1-201,57500002,620
Tax472-4-2000653527294-14
Net Income559-2,209-3,666617-3,511765696802-192681
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating6080-10000002,576
Cash Investing2660-1000000-8,593
Cash Financing-3560-1-100000-283