Name: Paramount Global (NASDAQ:PARA) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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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).

Total assets experienced significant expansion between 2018 and 2022, increasing from $21.86 billion to $58.39 billion. This growth was primarily driven by a substantial increase in noncurrent assets, which rose from $15.11 billion to $44.66 billion over the same period, while current assets peaked in 2021 before experiencing a moderate decline.

Liquidity and Current Asset Trends: Cash and cash equivalents exhibited high volatility, growing from $322 million in 2018 to a peak of $6.27 billion in 2021, before decreasing to $2.89 billion in 2022. Receivables, net, saw a sharp increase between 2018 and 2019, rising from $4.04 billion to $7.21 billion, and remained relatively stable through 2022. Total current assets followed a general upward trajectory until 2021, reaching $16.68 billion, before contracting to $13.73 billion in 2022.
Content Investment and Intangible Assets: A strategic shift toward long-term content capitalization is evident in the programming and other inventory accounts. While current programming inventory declined from $1.99 billion in 2018 to $1.34 billion in 2022, noncurrent programming inventory grew aggressively from $3.88 billion to $16.28 billion. Goodwill experienced a substantial surge between 2018 and 2019, jumping from $4.92 billion to $16.98 billion, and remained nearly constant through 2022, suggesting a major acquisition occurred during the 2019 fiscal year.
Fixed and Other Noncurrent Assets: Property and equipment, net, peaked in 2019 at $2.09 billion and stabilized around $1.76 billion by 2022. Deferred income tax assets, net, showed a consistent upward trend, increasing from $29 million in 2018 to $1.24 billion in 2022. Operating lease assets appeared in 2019 at $1.94 billion and gradually decreased to $1.39 billion by the end of the period.
Discontinued Operations: Assets related to discontinued operations became a factor starting in 2020, with combined current and noncurrent assets in this category totaling approximately $1.44 billion in 2020, $1.56 billion in 2021, and $1.60 billion in 2022.

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