Balance Sheet: Assets
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.

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 (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
Cash and cash equivalents	2,109)	2,885)	3,383)	4,037)	5,302)	6,267)	4,823)	5,375)	5,499)	2,984)	3,086)	2,288)	589)	632)	196)	216)	500)	322)	182)	252)	147)
Receivables, net	7,448)	7,412)	6,588)	6,959)	7,263)	6,984)	6,560)	6,824)	7,310)	7,017)	6,946)	7,139)	7,199)	7,206)	3,685)	3,795)	4,147)	4,041)	3,697)	3,597)	3,820)
Programming and other inventory	1,085)	1,342)	1,492)	1,347)	950)	1,504)	1,563)	1,419)	1,137)	1,757)	1,869)	1,837)	1,431)	2,876)	1,964)	1,945)	1,533)	1,988)	1,828)	1,876)	1,593)
Prepaid expenses and other current assets	1,364)	1,308)	1,263)	1,223)	1,245)	1,176)	1,230)	1,089)	1,027)	1,391)	1,256)	1,175)	1,187)	1,188)	428)	380)	552)	401)	333)	323)	631)
Current assets of discontinued operations	651)	787)	798)	616)	594)	745)	622)	547)	514)	630)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	12,657)	13,734)	13,524)	14,182)	15,354)	16,676)	14,798)	15,254)	15,487)	13,779)	13,157)	12,439)	10,406)	11,902)	6,273)	6,336)	6,732)	6,752)	6,040)	6,048)	6,191)
Property and equipment, net	1,718)	1,762)	1,700)	1,705)	1,706)	1,736)	1,809)	1,979)	1,994)	1,994)	1,994)	1,995)	2,028)	2,085)	1,171)	1,177)	1,194)	1,209)	1,222)	1,237)	1,259)
Programming and other inventory	15,692)	16,278)	15,449)	14,308)	14,180)	13,358)	12,564)	11,421)	10,755)	10,363)	9,365)	9,728)	9,983)	8,652)	4,861)	4,269)	4,313)	3,883)	3,868)	3,197)	3,252)
Goodwill	16,511)	16,499)	16,426)	16,498)	16,561)	16,584)	16,582)	16,601)	16,591)	16,612)	16,995)	17,077)	16,950)	16,980)	5,064)	5,062)	5,062)	4,920)	4,921)	4,921)	4,891)
Intangible assets, net	2,688)	2,694)	2,716)	2,739)	2,760)	2,772)	2,790)	2,805)	2,815)	2,826)	2,832)	2,948)	2,968)	2,993)	2,655)	2,660)	2,665)	2,638)	2,650)	2,655)	2,661)
Operating lease assets	1,363)	1,391)	1,482)	1,544)	1,614)	1,630)	1,511)	1,440)	1,527)	1,602)	1,795)	1,841)	1,874)	1,939)	1,001)	922)	952)	—)	—)	—)	—)
Deferred income tax assets, net	1,286)	1,242)	1,254)	1,258)	1,280)	1,206)	1,221)	1,235)	981)	993)	1,007)	919)	931)	939)	779)	785)	797)	29)	—)	—)	—)
Other assets	3,848)	3,991)	3,929)	3,906)	3,771)	3,824)	3,622)	3,658)	3,785)	3,657)	4,020)	4,212)	3,882)	4,006)	2,672)	2,624)	2,360)	2,395)	2,367)	2,327)	2,337)
Assets held for sale	—)	—)	—)	—)	—)	19)	207)	—)	27)	28)	260)	29)	23)	23)	—)	—)	—)	33)	—)	—)	—)
Assets of discontinued operations	798)	802)	807)	821)	817)	815)	808)	811)	811)	809)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Noncurrent assets	43,904)	44,659)	43,763)	42,779)	42,689)	41,944)	41,114)	39,950)	39,286)	38,884)	38,268)	38,749)	38,639)	37,617)	18,203)	17,499)	17,343)	15,107)	15,028)	14,337)	14,400)
Total assets	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)

The financial data reveals several notable trends and changes in the company's asset structure over the examined quarters.

Cash and Cash Equivalents: There is significant volatility in cash levels, with a general upward trend from 147 million USD at the beginning of 2018 to a peak of 6,267 million USD in December 2021. Following this peak, cash balances show a downward trajectory through March 2023, ending at 2,109 million USD. This indicates periods of liquidity buildup followed by substantial drawdowns.
Receivables, Net: Receivables remained relatively stable but with some fluctuation, initially around 3,800 million USD, increasing sharply to above 7,200 million USD by late 2019. This elevated level persisted with minor fluctuations, ending at approximately 7,448 million USD in March 2023, indicating sustained credit extended to customers or slower collections.
Programming and Other Inventory: This category shows two separate entries with varying trends. One entry fluctuated around 1,400–1,900 million USD and then declined to approximately 1,085 million USD by the latest quarter. The other entry (likely representing a different classification or consolidation) displayed a strong growth trend, starting at 3,252 million USD in early 2018 and rising steadily to peak at 16,278 million USD in late 2022 before a slight decline near 15,692 million USD in March 2023. This suggests increased investment or accumulation in content assets.
Prepaid Expenses and Other Current Assets: This asset category stayed within a consistent range generally between 300 and 1,400 million USD, showing moderate growth with minor fluctuations, reaching 1,364 million USD by the end of the period.
Current Assets of Discontinued Operations: Reported only from late 2020 onwards, these current assets of discontinued operations exhibit variability but remain between 514 and 798 million USD, reflecting the presence and gradual reduction of such assets.
Current Assets: Overall current assets increased substantially from 6,191 million USD in March 2018 to a peak of 16,676 million USD in December 2021, followed by a gradual decline to around 12,657 million USD by March 2023. The initial surge corresponds with increases in receivables and programming assets.
Property and Equipment, Net: There is a steady decline in net property and equipment values from approximately 1,259 million USD in early 2018 to about 1,718 million USD in early 2023, after a dip down to around 1,700 million USD in between, indicating ongoing depreciation or asset retirements.
Goodwill: Goodwill intensity jumps sharply from about 5,000 million USD in early 2019 to nearly 17,000 million USD by late 2019, remaining stable in the 16,400 to 17,000 million USD range thereafter. This increase likely reflects significant acquisitions during that period, with stable goodwill balances thereafter.
Intangible Assets, Net: Intangible assets show a slow but steady decline from 2,661 million USD in early 2018 to around 2,688 million USD by March 2023, consistent with amortization exceeding additions.
Operating Lease Assets: Data from mid-2019 forward shows an increase to a high of approximately 1,939 million USD by late 2019 followed by a gradual decline to 1,363 million USD by early 2023, reflecting lease activations and subsequent amortizations.
Deferred Income Tax Assets, Net: These assets appeared from mid-2018 with a sharp initial rise and have remained relatively stable in the range of about 900 to 1,286 million USD, showing consistency in deferred tax asset recognition.
Other Assets and Assets Held for Sale: Other assets maintain stability with minor fluctuations, centered around 3,500 to 4,000 million USD. Assets held for sale appear sporadically, showing small values with occasional peaks such as 260 million USD in late 2020, indicating selective asset disposal activities.
Assets of Discontinued Operations: These assets appeared around late 2020 and have remained relatively constant between 798 and 821 million USD, showing a minor decline over the periods.
Noncurrent Assets: Noncurrent assets doubled sharply from 14,400 million USD in early 2018 to approximately 41,944 million USD by the end of 2021. The balance has continued gradual growth subsequently, reaching around 43,904 million USD in March 2023. This rise largely corresponds with increases in goodwill, programming assets, and property equipment before stabilization.
Total Assets: Total assets demonstrate a similar pattern to noncurrent assets, increasing from approximately 20,591 million USD in early 2018 to nearly 58,620 million USD by late 2021. After slight fluctuations, the total assets decreased somewhat to 56,561 million USD by March 2023. The rapid growth period appears linked to major corporate activities such as acquisitions or asset revaluations during 2019–2021.

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Paramount Global (NASDAQ:PARA)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data