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Paramount Global (NASDAQ:PARA)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

Paramount Global, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 3.73 4.94 5.91 7.09 9.13 10.69 8.63 9.74 10.04 5.67 6.00 4.47 1.20 1.28 0.80 0.91 2.08 1.47 0.86 1.24 0.71
Receivables, net 13.17 12.69 11.50 12.22 12.51 11.91 11.73 12.36 13.35 13.32 13.51 13.95 14.68 14.55 15.06 15.92 17.23 18.49 17.55 17.65 18.55
Programming and other inventory 1.92 2.30 2.60 2.36 1.64 2.57 2.80 2.57 2.08 3.34 3.63 3.59 2.92 5.81 8.02 8.16 6.37 9.09 8.68 9.20 7.74
Prepaid expenses and other current assets 2.41 2.24 2.20 2.15 2.14 2.01 2.20 1.97 1.88 2.64 2.44 2.30 2.42 2.40 1.75 1.59 2.29 1.83 1.58 1.58 3.06
Current assets of discontinued operations 1.15 1.35 1.39 1.08 1.02 1.27 1.11 0.99 0.94 1.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 22.38% 23.52% 23.61% 24.90% 26.45% 28.45% 26.47% 27.63% 28.27% 26.16% 25.58% 24.30% 21.22% 24.04% 25.63% 26.58% 27.96% 30.89% 28.67% 29.67% 30.07%
Property and equipment, net 3.04 3.02 2.97 2.99 2.94 2.96 3.24 3.58 3.64 3.79 3.88 3.90 4.13 4.21 4.78 4.94 4.96 5.53 5.80 6.07 6.11
Programming and other inventory 27.74 27.88 26.97 25.12 24.43 22.79 22.47 20.69 19.64 19.68 18.21 19.00 20.35 17.47 19.86 17.91 17.91 17.76 18.36 15.68 15.79
Goodwill 29.19 28.26 28.67 28.96 28.53 28.29 29.66 30.07 30.29 31.54 33.05 33.36 34.56 34.29 20.69 21.24 21.03 22.51 23.36 24.14 23.75
Intangible assets, net 4.75 4.61 4.74 4.81 4.76 4.73 4.99 5.08 5.14 5.37 5.51 5.76 6.05 6.04 10.85 11.16 11.07 12.07 12.58 13.02 12.92
Operating lease assets 2.41 2.38 2.59 2.71 2.78 2.78 2.70 2.61 2.79 3.04 3.49 3.60 3.82 3.92 4.09 3.87 3.95 0.00 0.00 0.00 0.00
Deferred income tax assets, net 2.27 2.13 2.19 2.21 2.21 2.06 2.18 2.24 1.79 1.89 1.96 1.80 1.90 1.90 3.18 3.29 3.31 0.13 0.00 0.00 0.00
Other assets 6.80 6.83 6.86 6.86 6.50 6.52 6.48 6.63 6.91 6.94 7.82 8.23 7.92 8.09 10.92 11.01 9.80 10.96 11.24 11.42 11.35
Assets held for sale 0.00 0.00 0.00 0.00 0.00 0.03 0.37 0.00 0.05 0.05 0.51 0.06 0.05 0.05 0.00 0.00 0.00 0.15 0.00 0.00 0.00
Assets of discontinued operations 1.41 1.37 1.41 1.44 1.41 1.39 1.45 1.47 1.48 1.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncurrent assets 77.62% 76.48% 76.39% 75.10% 73.55% 71.55% 73.53% 72.37% 71.73% 73.84% 74.42% 75.70% 78.78% 75.96% 74.37% 73.42% 72.04% 69.11% 71.33% 70.33% 69.93%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The asset composition of the organization has undergone a structural shift between March 2018 and March 2023, characterized by a transition from current to non-current assets. Current assets decreased from 30.07% to 22.38% of total assets, while non-current assets rose from 69.93% to 77.62% over the same period.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents exhibited significant volatility, remaining below 2% for much of 2018 and 2019 before peaking at 10.69% in December 2021. Following this peak, a downward trend occurred, with cash levels receding to 3.73% by March 2023. Receivables, net, showed a steady long-term decline, moving from 18.55% in early 2018 to 13.17% in early 2023, indicating a reduction in the relative weight of credit-based sales within the asset mix.
Content Asset Allocation
A notable migration of programming and other inventory is observed from current to non-current classifications. Current inventory fell from 7.74% in March 2018 to 1.92% in March 2023. Conversely, non-current programming and other inventory surged from 15.79% to 27.74%. This pattern suggests a strategic shift toward long-term content capitalization rather than short-term inventory holding.
Intangible Assets and Goodwill
The composition of intangible assets shifted markedly around December 2019. Goodwill increased from approximately 21% to 34.29% in a single quarter, subsequently stabilizing between 28% and 29%. Simultaneously, net intangible assets saw a sharp reduction from 10.85% in September 2019 to 6.04% in December 2019, continuing a gradual decline to 4.75% by March 2023. This suggests a reallocation of value toward goodwill during corporate acquisitions or restructuring.
Fixed and Other Assets
Property and equipment, net, followed a consistent downward trajectory, decreasing from 6.11% to 3.04%, indicating that physical infrastructure is becoming a smaller portion of the total asset base. Assets related to discontinued operations emerged in December 2020 and remained a stable but small component of the balance sheet, fluctuating around 1.4% through March 2023.

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