Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Paramount Global, consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	2,885)	6,267)	2,984)	632)	322)
Receivables, net	7,412)	6,984)	7,017)	7,206)	4,041)
Programming and other inventory	1,342)	1,504)	1,757)	2,876)	1,988)
Prepaid expenses and other current assets	1,308)	1,176)	1,391)	1,188)	401)
Current assets of discontinued operations	787)	745)	630)	—)	—)
Current assets	13,734)	16,676)	13,779)	11,902)	6,752)
Property and equipment, net	1,762)	1,736)	1,994)	2,085)	1,209)
Programming and other inventory	16,278)	13,358)	10,363)	8,652)	3,883)
Goodwill	16,499)	16,584)	16,612)	16,980)	4,920)
Intangible assets, net	2,694)	2,772)	2,826)	2,993)	2,638)
Operating lease assets	1,391)	1,630)	1,602)	1,939)	—)
Deferred income tax assets, net	1,242)	1,206)	993)	939)	29)
Other assets	3,991)	3,824)	3,657)	4,006)	2,395)
Assets held for sale	—)	19)	28)	23)	33)
Assets of discontinued operations	802)	815)	809)	—)	—)
Noncurrent assets	44,659)	41,944)	38,884)	37,617)	15,107)
Total assets	58,393)	58,620)	52,663)	49,519)	21,859)

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).

Cash and cash equivalents: The cash and cash equivalents showed significant growth from 322 million US$ in 2018 to a peak of 6,267 million US$ in 2021, followed by a notable decline to 2,885 million US$ in 2022.
Receivables, net: Receivables increased substantially from 4,041 million US$ in 2018 to 7,412 million US$ in 2022, with a peak in 2019 at 7,206 million US$ and relatively stable values thereafter.
Programming and other inventory (current assets): The programming and other inventory classified under current assets decreased from 1,988 million US$ in 2018 to 1,342 million US$ in 2022, showing a consistent downward trend over the period.
Prepaid expenses and other current assets: This category grew markedly from 401 million US$ in 2018 to 1,308 million US$ in 2022, with a peak in 2020 at 1,391 million US$ and some fluctuations afterward.
Current assets of discontinued operations: Data starts from 2020 with 630 million US$, increasing gradually each year to 787 million US$ by 2022, reflecting growing assets related to discontinued operations.
Total current assets: Current assets increased considerably from 6,752 million US$ in 2018 to a peak of 16,676 million US$ in 2021, followed by a decline to 13,734 million US$ in 2022, indicating volatility at the short-term asset level.
Property and equipment, net: Net property and equipment increased from 1,209 million US$ in 2018 to a peak of 2,085 million US$ in 2019 before declining gradually to 1,762 million US$ in 2022, indicating divestment or depreciation exceeding additions.
Programming and other inventory (non-current assets): Non-current programming and other inventory expanded substantially each year, rising from 3,883 million US$ in 2018 to 16,278 million US$ in 2022, underscoring significant investment or acquisition in this category.
Goodwill: Goodwill showed a substantial increase from 4,920 million US$ in 2018 to 16,980 million US$ in 2019, then remained relatively stable around 16,500 million US$ through 2022, suggesting large acquisitions around 2019 followed by stable valuation.
Intangible assets, net: Net intangible assets rose modestly from 2,638 million US$ in 2018 to 2,993 million US$ in 2019, then gradually declined to 2,694 million US$ in 2022, indicating some amortization or impairment over time.
Operating lease assets: Operating lease assets were introduced in 2019 at 1,939 million US$, with a mild decline to 1,391 million US$ by 2022, demonstrating gradual reduction of leased asset recognition or lease terminations.
Deferred income tax assets, net: Deferred income tax assets increased significantly from 29 million US$ in 2018 to 1,242 million US$ in 2022, showing an expanding tax asset position potentially due to timing differences or tax strategy.
Other assets: Other assets increased steadily from 2,395 million US$ in 2018 to 3,991 million US$ in 2022, reflecting growth in miscellaneous asset categories.
Assets held for sale: Assets held for sale remained minimal and slightly decreased from 33 million US$ in 2018 to 19 million US$ in 2021, with no data in 2022 indicating possible disposals or reclassifications.
Assets of discontinued operations: Assets related to discontinued operations first appeared in 2020 at 809 million US$ and stayed relatively steady around 800 million US$ by 2022, highlighting maintained residual asset value in these operations.
Total noncurrent assets: Noncurrent assets grew significantly from 15,107 million US$ in 2018 to 44,659 million US$ in 2022, reflecting considerable expansion of long-term assets over the period.
Total assets: Total assets more than doubled from 21,859 million US$ in 2018 to a peak of 58,620 million US$ in 2021, before slightly declining to 58,393 million US$ in 2022, demonstrating robust asset growth with some recent stabilization or slight contraction.

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Paramount Global (NASDAQ:PARA)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items