Stock Analysis on Net
Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Paramount Global, common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Accrued expenses
Participants’ share and royalties payable
Accrued programming and production costs
Deferred revenues
Current debt
Other current liabilities
Current liabilities of discontinued operations
Current liabilities
Long-term debt, net of current portion
Participants’ share and royalties payable
Pension and postretirement benefit obligations
Deferred income tax liabilities, net
Noncurrent operating lease liabilities
Program rights obligations
Other liabilities
Liabilities of discontinued operations
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share
Class A Common Stock, par value $.001 per share
Class B Common Stock, par value $.001 per share
Additional paid-in capital
Treasury stock, at cost
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Total Paramount stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Current Liabilities Trends
The proportion of current liabilities as a percentage of total liabilities and equity decreased from 20.92% in 2018 to a low of 15.75% in 2020. However, it increased afterwards to 19.16% in 2022, indicating a partial reversal in the short-term obligations trend. Notably, accounts payable exhibited fluctuations, initially rising from 0.92% in 2018 to 1.36% in 2021, then rising sharply to 2.4% in 2022. Accrued expenses and accrued programming and production costs showed slight declines or fluctuations but generally remained within a narrow range. Deferred revenues increased steadily until 2020 and then stabilized. Current debt showed a substantial reduction from 3.14% in 2018 to almost negligible in 2020 and 2021, before slightly rising in 2022.
Noncurrent Liabilities Dynamics
Long-term debt as a percentage of total liabilities and equity decreased significantly from 43.3% in 2018 to 26.73% in 2022, reflecting a reduction in longer-term borrowing or refinancing activities. Pension and postretirement benefit obligations declined steadily over the period, signaling potential improvements in funding or adjusted benefit assumptions. Deferred income tax liabilities remained relatively stable, hovering around 1.8% in recent years after a dip in 2019. Other noncurrent liabilities, such as operating lease liabilities and program rights obligations, decreased notably between 2019 and 2022. Overall, noncurrent liabilities as a whole declined markedly from 66.25% in 2018 to 40.41% in 2022, indicating a strategic reduction in long-term obligations.
Total Liabilities and Equity Composition
Total liabilities as a percentage of total liabilities and equity showed a clear downward trend from 87.17% in 2018 to 59.57% in 2022, suggesting a deleveraging effort or increased equity financing. Conversely, total stockholders’ equity rose significantly from 12.83% in 2018 to 39.45% in 2022, driven by improvements in retained earnings and reductions in treasury stock magnitude. Retained earnings turned from a negative position (-78.69% in 2018) to a positive one (25.24% in 2022), indicating accumulated profitability over the years. Additional paid-in capital reduced sharply in 2019 and then stabilized around 56%, while treasury stock at cost decreased in absolute negative value, reflecting some repurchase activity moderation. Accumulated other comprehensive loss became less negative from -3.55% to -3.09%, showing marginal improvement in unrealized losses or other comprehensive components.
Other Observations
Participants’ share and royalties payable declined from 5.38% in 2018 to a low of 3.68% in 2021 but showed an increase to 4.14% in 2022 in current liabilities, while in noncurrent liabilities it gradually decreased. The presence of liabilities related to discontinued operations emerged starting in 2020 at under 1% and remained relatively stable thereafter. Noncontrolling interests increased from negligible levels to just under 1% by 2022, indicating slight external ownership participation growth.
Summary
The data indicates a notable strategic shift from reliance on liabilities towards strengthening equity, with a marked reduction in both current and noncurrent debt components. This trend is accompanied by improved retained earnings and increased equity proportions, reflecting enhanced financial stability and profitability accumulation. The reduction in pension obligations and other liabilities further underscore an effort to streamline the balance sheet. Nonetheless, certain liabilities such as accounts payable saw increases in the latest year, perhaps pointing to operational or supply chain factors. Overall, the organization's financial structure moved toward lower leverage and higher equity base over the five-year span.