Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paramount Global, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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
Accounts payable	1,235)	1,403)	943)	853)	977)	800)	827)	602)	612)	571)	436)	422)	673)	667)	308)	214)	273)	201)	229)	138)	230)
Accrued expenses	1,760)	2,071)	2,071)	2,108)	1,960)	2,323)	1,878)	1,828)	1,663)	1,714)	1,765)	1,553)	1,401)	1,760)	374)	330)	496)	346)	324)	354)	198)
Participants’ share and royalties payable	2,421)	2,416)	2,618)	2,466)	2,172)	2,159)	2,099)	2,176)	2,070)	2,005)	2,100)	2,090)	2,086)	1,977)	1,201)	1,188)	1,157)	1,177)	1,110)	1,071)	1,104)
Accrued programming and production costs	2,425)	2,063)	1,837)	1,607)	1,687)	1,342)	1,397)	1,168)	1,392)	1,141)	1,125)	1,189)	1,493)	1,500)	635)	590)	804)	704)	406)	369)	631)
Deferred revenues	1,092)	973)	796)	885)	1,055)	1,091)	1,074)	1,104)	1,010)	978)	710)	695)	691)	739)	—)	—)	—)	—)	—)	—)	—)
Current debt	240)	239)	196)	37)	15)	11)	15)	17)	19)	16)	18)	364)	532)	717)	60)	11)	11)	687)	388)	386)	236)
Other current liabilities	1,642)	1,477)	1,331)	1,231)	1,374)	1,182)	1,138)	1,230)	1,512)	1,391)	1,609)	1,672)	1,655)	1,688)	1,544)	1,510)	1,751)	1,458)	1,536)	1,466)	1,670)
Current liabilities of discontinued operations	480)	549)	534)	449)	483)	571)	485)	461)	423)	480)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	11,295)	11,191)	10,326)	9,636)	9,723)	9,479)	8,913)	8,586)	8,701)	8,296)	7,763)	7,985)	8,531)	9,048)	4,122)	3,843)	4,492)	4,573)	3,993)	3,784)	4,069)
Long-term debt, net of current portion	15,613)	15,607)	15,638)	15,773)	16,797)	17,698)	17,696)	17,703)	17,768)	19,717)	19,703)	19,704)	18,005)	18,002)	9,359)	9,359)	9,358)	9,465)	9,465)	9,464)	9,470)
Participants’ share and royalties payable	1,665)	1,744)	1,436)	1,413)	1,310)	1,244)	1,228)	1,326)	1,351)	1,317)	1,396)	1,485)	1,556)	1,546)	—)	—)	—)	—)	—)	—)	—)
Pension and postretirement benefit obligations	1,454)	1,458)	1,844)	1,879)	1,914)	1,946)	1,966)	2,025)	2,070)	2,098)	2,045)	2,070)	2,092)	2,121)	1,354)	1,366)	1,377)	1,388)	1,226)	1,289)	1,309)
Deferred income tax liabilities, net	668)	1,077)	1,037)	1,040)	1,067)	1,063)	965)	888)	852)	778)	816)	708)	639)	500)	552)	535)	538)	399)	563)	454)	493)
Noncurrent operating lease liabilities	1,398)	1,428)	1,468)	1,514)	1,579)	1,598)	1,525)	1,472)	1,517)	1,583)	1,769)	1,816)	1,841)	1,909)	948)	858)	866)	—)	—)	—)	—)
Program rights obligations	326)	367)	375)	430)	429)	404)	291)	188)	212)	243)	266)	252)	316)	356)	—)	—)	—)	—)	—)	—)	—)
Other liabilities	1,603)	1,715)	1,727)	1,683)	1,753)	1,898)	1,948)	1,960)	2,058)	2,158)	2,226)	2,344)	2,274)	2,494)	3,089)	3,121)	3,095)	3,230)	3,307)	3,227)	3,267)
Liabilities of discontinued operations	196)	200)	203)	205)	209)	213)	208)	210)	212)	220)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Noncurrent liabilities	22,923)	23,596)	23,728)	23,937)	25,058)	26,064)	25,827)	25,772)	26,040)	28,114)	28,221)	28,379)	26,723)	26,928)	15,302)	15,239)	15,234)	14,482)	14,561)	14,434)	14,539)
Total liabilities	34,218)	34,787)	34,054)	33,573)	34,781)	35,543)	34,740)	34,358)	34,741)	36,410)	35,984)	36,364)	35,254)	35,976)	19,424)	19,082)	19,726)	19,055)	18,554)	18,218)	18,608)
Redeemable noncontrolling interest	—)	—)	94)	108)	105)	107)	103)	190)	189)	197)	196)	274)	270)	254)	—)	—)	—)	—)	—)	—)	—)
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	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	33,087)	33,063)	33,034)	32,984)	32,946)	32,918)	32,943)	32,901)	32,866)	29,785)	29,719)	29,680)	29,633)	29,590)	43,510)	43,534)	43,582)	43,637)	43,668)	43,720)	43,743)
Treasury stock, at cost	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,958)	(22,908)	(22,858)	(22,858)	(22,858)	(22,858)	(22,759)	(22,658)	(22,458)
Retained earnings (accumulated deficit)	13,463)	14,737)	14,889)	14,829)	14,599)	14,343)	12,456)	12,007)	11,144)	10,375)	9,704)	9,150)	8,827)	8,494)	(14,683)	(15,002)	(15,442)	(17,201)	(17,762)	(18,250)	(18,650)
Accumulated other comprehensive loss	(1,742)	(1,807)	(2,319)	(2,080)	(1,924)	(1,902)	(1,883)	(1,853)	(1,882)	(1,832)	(1,910)	(1,999)	(2,054)	(1,970)	(918)	(922)	(934)	(775)	(634)	(646)	(653)
Total Paramount stockholders’ equity	21,851)	23,036)	22,647)	22,776)	22,664)	22,402)	20,559)	20,098)	19,171)	15,371)	14,556)	13,874)	13,449)	13,207)	5,052)	4,753)	4,349)	2,804)	2,514)	2,167)	1,983)
Noncontrolling interests	492)	570)	492)	504)	493)	568)	510)	558)	672)	685)	689)	676)	72)	82)	—)	—)	—)	—)	—)	—)	—)
Total equity	22,343)	23,606)	23,139)	23,280)	23,157)	22,970)	21,069)	20,656)	19,843)	16,056)	15,245)	14,550)	13,521)	13,289)	5,052)	4,753)	4,349)	2,804)	2,514)	2,167)	1,983)
Total liabilities and equity	56,561)	58,393)	57,287)	56,961)	58,043)	58,620)	55,912)	55,204)	54,773)	52,663)	51,425)	51,188)	49,045)	49,519)	24,476)	23,835)	24,075)	21,859)	21,068)	20,385)	20,591)

Accounts Payable: This liability exhibits an overall upward trend from 230 million at the start of 2018 to a peak over 1400 million by the end of 2022, with notable sharp increases in late 2019 and early 2023, indicating a potential intensification in short-term obligations to suppliers.
Accrued Expenses: Accrued expenses rose significantly in late 2019, peaking around 2300 million at the end of 2021, followed by a moderate decrease in early 2023. This suggests heightened operational accruals likely due to increased business activity or lag in payment cycles during this period.
Participants’ Share and Royalties Payable: The payable balances grew steadily from approximately 1100 million in early 2018 to over 2400 million by early 2023, indicating rising obligations related to royalty and participant shares, which might correlate with increased revenue generation or contract terms revisions.
Accrued Programming and Production Costs: There is a pronounced increase from around 630 million in early 2018 to over 2400 million in early 2023, reflecting expanded investments or commitments in content creation and programming activities over the period.
Deferred Revenues: Data on deferred revenues begins only at the end of 2019, showing fluctuation around the 700-1100 million range, with no clear trend but some variability likely tied to revenue recognition timing and customer prepayments.
Current Debt: Current debt levels vary considerably, with a peak near 700 million at the end of 2019 and generally declining to under 250 million by early 2023, suggesting active management or repayment of short-term borrowings in recent years.
Other Current Liabilities: These liabilities exhibit moderate variability but maintain a range roughly between 1100 and 1700 million. A declining trend is noticeable from mid-2021 to early 2022, followed by an increase towards 2023, indicating shifts in miscellaneous current obligations.
Current Liabilities: Overall current liabilities surged significantly in late 2019 to nearly 11,000 million, a level maintained through early 2023, reflecting a substantial increase in short-term obligations during that period which may relate to business expansion or refinancing structures.
Long-term Debt (Net of Current Portion): Long-term debt nearly doubled from about 9,400 million in early 2018 to over 18,000 million by late 2019, then gradually declined to approximately 15,600 million by early 2023, indicating significant issuance followed by debt reduction or refinancing.
Pension and Postretirement Benefit Obligations: These obligations slightly decreased from approximately 1,300 million in early 2018 to below 1,500 million by 2023, with a peak above 2,100 million in 2019. The decline since 2019 could reflect funded plan amendments or improved assumptions.
Deferred Income Tax Liabilities: These liabilities display a steady increase from the 400-500 million range to highs above 1,000 million in 2020, with a slight drop thereafter, signifying shifts in tax timing differences and potential changes in tax strategies or jurisdictional impacts.
Noncurrent Operating Lease Liabilities: Starting from late 2018, noncurrent lease liabilities increase markedly to levels around 1,500 million by early 2021, then gradually decline to about 1,400 million by 2023, reflecting lease accounting adoption and subsequent lease terminations or renegotiations.
Program Rights Obligations: Data from late 2018 illustrate fluctuation with a peak near 430 million in early 2022, followed by a decline, suggesting timing impacts on content rights acquisition commitments.
Other Liabilities: Other liabilities gradually decrease from approximately 3,300 million in early 2018 to around 1,600 million by early 2023, indicating effective liability management or reclassification of items over time.
Current and Noncurrent Liabilities of Discontinued Operations: Current liabilities show a steady decline from 480 million in 2020 to near 480 million in early 2023, while noncurrent liabilities decrease slightly, demonstrating continued wind-down activity of discontinued operations.
Noncurrent Liabilities: Noncurrent liabilities surged from about 14,500 million in early 2018 to over 26,000 million late 2019, then steadily declined to approximately 23,000 million by early 2023, indicating a shift in long-term obligations, possibly linked to financing and lease liabilities.
Total Liabilities: Total liabilities nearly doubled from around 18,600 million in early 2018 to almost 36,000 million in late 2019, followed by fluctuating declines to roughly 34,200 million by early 2023, showcasing substantial changes in the company’s leverage and obligations structure.
Redeemable Noncontrolling Interest: Recorded only from late 2019, this item peaks near 270 million and declines thereafter, suggesting ownership adjustments or buyout activity.
Capital Stock: The common stock remains constant over the entire period, indicating no new issuances or retirements affecting par value shares.
Additional Paid-in Capital: This equity component decreases sharply from above 43,700 million in early 2018 to about 29,000 million by late 2019, then recovers modestly to over 33,000 million by early 2023, potentially reflecting transactions such as share buybacks or capital restructuring.
Treasury Stock: Treasury stock increases steadily in negative value from around -22,400 million to -22,958 million, indicating substantial share repurchases or holding of treasury shares.
Retained Earnings (Accumulated Deficit): This item transitions from a negative position of nearly -18,700 million in 2018 to a positive figure peaking around 14,800 million during 2022, then declining to approximately 13,400 million by 2023, reflecting improved profitability and accumulated earnings over the period with some recent decreases.
Accumulated Other Comprehensive Loss: The loss fluctuated moderately, reaching a high deficit near -2,300 million in late 2022 before improving to around -1,700 million early 2023, indicating changes in unrealized gains/losses on investments, foreign currency translation, or pension adjustments.
Total Stockholders’ Equity: Equity grew substantially from approximately 2,000 million in early 2018 to over 23,600 million in early 2022, with a slight decrease to around 22,300 million by early 2023, highlighting overall enhanced net asset value despite recent narrowing.
Total Liabilities and Equity: This total almost tripled from approximately 20,600 million in 2018 to over 58,000 million in early 2022, followed by a reduction to about 56,500 million in early 2023, demonstrating significant growth in the company's balance sheet size.

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Paramount Global (NASDAQ:PARA)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data