Warner Bros. Discovery, Inc. PP&E Disclosure
| December 31, | |||||||||||||||||
| Useful Lives | 2025 | 2024 | |||||||||||||||
Equipment, furniture, fixtures and other (a) | 3 - 7 years | $ | 3,071 | $ | 2,613 | ||||||||||||
| Capitalized software costs | 1 - 5 years | 3,583 | 3,076 | ||||||||||||||
Land, buildings and leasehold improvements (b) | 15 - 30 years | 4,038 | 3,832 | ||||||||||||||
| Property and equipment, at cost | 10,692 | 9,521 | |||||||||||||||
| Accumulated depreciation | (4,826) | (4,035) | |||||||||||||||
| 5,866 | 5,486 | ||||||||||||||||
| Assets under construction | 819 | 601 | |||||||||||||||
| Property and equipment, net | $ | 6,685 | $ | 6,087 | |||||||||||||
(a) Property and equipment includes assets acquired under finance lease arrangements. Assets acquired under finance lease arrangements are generally amortized using the straight-line method over the lesser of the estimated useful lives of the assets or the terms of the related leases. (See Note 12.) | |||||||||||||||||
(b) Land has an indefinite life and is not depreciated. Leasehold improvements generally have an estimated useful life equal to the lease term. | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 14, 2017 | |
| 2015 | Feb 18, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.