Paramount Global (PARAA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1515 BROADWAY NEW YORK, NY 10036 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,460 | 2,885 | 6,267 | 2,984 | 632 | 322 | |||
| Cash and cash equivalent | 2,460 | 2,885 | 6,267 | 2,984 | 632 | 322 | |||
| Receivables | 7,115 | 7,412 | 6,984 | 7,017 | 7,206 | 4,041 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,504 | 1,757 | 2,876 | 1,988 | |||||
| Inventory | 1,504 | 1,757 | 2,876 | 1,988 | |||||
| Prepaid expense | 622 | 401 | 149 | ||||||
| Disposal group, including discontinued operation | 37 | 787 | 745 | 630 | |||||
| Other current assets | 769 | 787 | 225 | ||||||
| Other undisclosed current assets | 3,091 | 2,650 | 1,176 | 27 | |||||
| Total current assets: | 12,703 | 13,734 | 16,676 | 13,779 | 11,902 | 6,752 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 13,358 | 10,363 | 8,652 | 3,883 | |||||
| Finance lease, right-of-use asset, after accumulated amortization | 17 | 19 | 35 | ✕ | |||||
| Operating lease, right-of-use asset | 1,183 | 1,391 | 1,630 | 1,602 | 1,939 | ✕ | |||
| Property, plant and equipment | 1,666 | 1,762 | 1,209 | ||||||
| Long-term investments and receivables | 96 | 375 | 568 | 536 | 494 | ||||
| Long-term investments | 96 | 375 | 568 | 536 | 494 | ||||
| Intangible assets, net (including goodwill) | 19,105 | 19,193 | 19,356 | 19,438 | 19,973 | 7,558 | |||
| Goodwill | 16,516 | 16,499 | 16,584 | 16,612 | 16,980 | 4,920 | |||
| Intangible assets, net (excluding goodwill) | 2,589 | 2,694 | 2,772 | 2,826 | 2,993 | 2,638 | |||
| Regulated entity, other noncurrent assets | 81 | 89 | 95 | 107 | 92 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 802 | 815 | 809 | 10 | |||||
| Deferred income tax assets | 1,242 | 1,242 | 1,206 | 993 | 939 | ✕ | |||
| Other noncurrent assets | 3,793 | 3,991 | 3,824 | 3,657 | 4,006 | 2,424 | |||
| Other undisclosed noncurrent assets | 13,674 | 15,814 | 1,075 | 1,360 | 1,477 | 33 | |||
| Total noncurrent assets: | 40,840 | 44,659 | 41,944 | 38,884 | 37,617 | 15,107 | |||
| TOTAL ASSETS: | 53,543 | 58,393 | 58,620 | 52,663 | 49,519 | 21,859 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,204 | 3,474 | 3,123 | 2,285 | 2,427 | 1,069 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 346 | |||||
| Accounts payable | 1,100 | 1,403 | 800 | 571 | 667 | 201 | |||
| Accrued liabilities | 2,104 | 2,071 | 2,323 | 1,714 | 1,760 | 522 | |||
| Deferred revenue | 746 | 973 | 1,091 | 978 | 739 | ✕ | |||
| Debt | 1 | 239 | 11 | 16 | 717 | 687 | |||
| Disposal group, including discontinued operation | 8 | 549 | 571 | 480 | |||||
| Program rights obligations | 1,842 | 2,063 | 1,342 | 1,141 | 1,500 | 704 | |||
| Other liabilities | 1,153 | 1,477 | 1,182 | 1,391 | 1,688 | 714 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 222 | ||
| Other undisclosed current liabilities | 2,702 | 2,416 | 2,159 | 2,005 | 1,977 | 1,177 | |||
| Total current liabilities: | 9,656 | 11,191 | 9,479 | 8,296 | 9,048 | 4,573 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 14,601 | 15,607 | 17,698 | 19,717 | 18,002 | 9,465 | |||
| Finance lease, liability | 5 | 10 | 25 | ✕ | |||||
| Other undisclosed long-term debt and lease obligation | 14,601 | 15,607 | 16,095 | 18,124 | 16,068 | 9,465 | |||
| Liabilities, other than long-term debt | 4,842 | 6,245 | 5,524 | 5,277 | 5,471 | 3,459 | |||
| Deferred income tax liabilities | 503 | 1,077 | 1,063 | 778 | 500 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 1,337 | 1,458 | 1,946 | 2,098 | 2,121 | 1,388 | |||
| Disposal group, including discontinued operation, liabilities | 8 | 200 | 213 | ||||||
| Other liabilities | 1,534 | 1,715 | 1,898 | 2,158 | 2,494 | 2,071 | |||
| Operating lease, liability | 1,256 | 1,428 | 1,598 | 1,583 | 1,909 | ✕ | |||
| Program rights obligations | 204 | 367 | 404 | 243 | 356 | ||||
| Other undisclosed noncurrent liabilities | 1,394 | 1,744 | 2,842 | 3,120 | 3,455 | ||||
| Total noncurrent liabilities: | 20,837 | 23,596 | 26,064 | 28,114 | 26,928 | 12,924 | |||
| Total liabilities: | 30,493 | 34,787 | 35,543 | 36,410 | 35,976 | 17,497 | |||
| Temporary equity, including noncontrolling interest | 107 | 197 | 254 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 22,526 | 23,036 | 22,402 | 15,371 | 13,207 | 2,804 | |||
| Common stock | 1 | ||||||||
| Treasury stock, value | (22,958) | (22,958) | (22,958) | (22,958) | (22,908) | (22,858) | |||
| Additional paid in capital | 33,210 | 33,063 | 32,918 | 29,785 | 29,590 | 43,637 | |||
| Accumulated other comprehensive loss | (1,556) | (1,807) | (1,902) | (1,832) | (1,970) | (775) | |||
| Retained earnings (accumulated deficit) | 13,829 | 14,737 | 14,343 | 10,375 | 8,494 | (17,201) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | ||||
| Equity, attributable to noncontrolling interest | 524 | 570 | 568 | 685 | 82 | ||||
| Total equity: | 23,050 | 23,606 | 22,970 | 16,056 | 13,289 | 2,804 | |||
| Other undisclosed liabilities and equity | 1,558 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 53,543 | 58,393 | 58,620 | 52,663 | 49,519 | 21,859 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 29,652 | 30,154 | 28,586 | 25,285 | 27,812 | 14,514 | ||
| Cost of revenue | (22,178) | (20,102) | (17,744) | (15,012) | (17,829) | (9,234) | ||
| Cost of product and service sold | (20,017) | (19,845) | (17,744) | (14,992) | (17,223) | (9,111) | ||
| Gross profit: | 7,474 | 10,052 | 10,842 | 10,273 | 9,983 | 5,280 | ||
| Operating expenses | (7,925) | (7,766) | (6,888) | (6,348) | (6,259) | (2,512) | ||
| Other undisclosed operating income | 56 | 2,343 | 214 | 549 | ||||
| Operating income (loss): | (451) | 2,342 | 6,297 | 4,139 | 4,273 | 2,768 | ||
| Nonoperating income (expense) | (48) | (133) | (30) | 105 | (145) | (69) | ||
| Investment income, nonoperating | 168 | (9) | 47 | 206 | ||||
| Other nonoperating expense | (216) | (124) | (77) | (101) | (145) | (69) | ||
| Interest and debt expense | (891) | (1,051) | (1,114) | (1,157) | (962) | (467) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 137 | 108 | 53 | 60 | 179 | 57 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,253) | 1,266 | 5,206 | 3,147 | 3,345 | 2,289 | ||
| Loss from equity method investments | (360) | (204) | (91) | (28) | (53) | (56) | ||
| Income (loss) from continuing operations before income taxes: | (1,613) | 1,062 | 5,115 | 3,119 | 3,292 | 2,233 | ||
| Income tax expense (benefit) | 361 | (227) | (646) | (535) | 9 | (273) | ||
| Income (loss) from continuing operations: | (1,252) | 835 | 4,469 | 2,584 | 3,301 | 1,960 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 4,412 | 2,546 | 3,289 | 1,960 | |
| Loss from discontinued operations | (57) | (38) | (12) | |||||
| Other undisclosed net income | 676 | 379 | 219 | 155 | 50 | |||
| Net income (loss): | (576) | 1,214 | 4,631 | 2,701 | 3,339 | 1,960 | ||
| Net loss attributable to noncontrolling interest | (32) | (110) | (88) | (279) | (31) | |||
| Net income (loss) attributable to parent: | (608) | 1,104 | 4,543 | 2,422 | 3,308 | 1,960 | ||
| Other undisclosed net loss available to common stockholders, basic | (58) | (58) | ||||||
| Net income (loss) available to common stockholders, basic: | (666) | 1,046 | 4,543 | 2,422 | 3,308 | 1,960 | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (666) | 1,046 | 4,543 | 2,422 | 3,308 | 1,960 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (576) | 1,214 | 4,631 | 2,701 | 3,339 | 1,960 | ||
| Other comprehensive income (loss) | 254 | 90 | (71) | 137 | (130) | 29 | ||
| Comprehensive income (loss): | (322) | 1,304 | 4,560 | 2,838 | 3,209 | 1,989 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (35) | (105) | (87) | (278) | (33) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (142) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (357) | 1,199 | 4,473 | 2,560 | 3,176 | 1,847 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.