Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

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

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Paramount Global, consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Revenues 7,265 8,131 6,916 7,779 7,328 8,000 6,610 6,564 7,412 6,874 5,837 6,075 6,499 6,871 6,698 7,143 7,100 4,024 3,263 3,466 3,761
Operating costs and expenses (4,964) (5,483) (4,460) (5,106) (4,796) (5,452) (4,064) (3,865) (4,363) (4,213) (3,462) (3,361) (3,956) (4,806) (3,959) (4,210) (4,248) (2,605) (1,922) (2,184) (2,400)
Gross profit 2,301 2,648 2,456 2,673 2,532 2,548 2,546 2,699 3,049 2,661 2,375 2,714 2,543 2,065 2,739 2,933 2,852 1,419 1,341 1,282 1,361
Programming charges (1,674)
Selling, general and administrative (1,753) (2,034) (1,670) (1,710) (1,619) (1,991) (1,526) (1,459) (1,422) (1,516) (1,323) (1,183) (1,298) (1,490) (1,473) (1,371) (1,313) (612) (549) (532) (524)
Depreciation and amortization (100) (123) (92) (94) (96) (101) (95) (95) (99) (99) (97) (122) (112) (120) (108) (109) (106) (55) (56) (56) (56)
Restructuring and other corporate matters (309) (169) (50) (57) (19) (46) (35) (177) (52) (158) (231) (468) (122) (7) (178) (105) (46) (35) (9)
Gain on dispositions 41 15 2,227 116 214 549
Operating income (loss) (1,226) 182 566 819 775 2,664 879 1,226 1,528 1,083 903 1,251 902 (13) 1,036 1,446 1,804 647 690 659 772
Interest expense (226) (230) (231) (230) (240) (241) (243) (243) (259) (268) (259) (263) (241) (239) (246) (237) (240) (118) (115) (116) (118)
Interest income 35 35 33 19 21 16 11 13 13 21 14 11 14 13 19 15 19 14 12 14 17
Net gains (losses) from investments (9) 20 (5) 32 174 32 75 38
Loss on extinguishment of debt (47) (73) (128) (23) (103)
Other items, net (46) (33) (36) (42) (13) (42) (26) (10) 1 (27) (20) (26) (28) (105) (27) 15 (28) (17) (17) (24) (11)
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies (1,463) (46) 323 519 470 2,417 616 1,018 1,155 983 615 902 647 (269) 782 1,239 1,593 526 570 533 660
(Provision) benefit for income taxes 381 37 (101) (129) (34) (334) (120) 34 (226) (183) (26) (192) (134) (126) (241) 376 39 (64) (113) (135)
Equity in loss of investee companies, net of tax (75) (80) (58) (29) (37) (11) (18) (44) (18) 2 (9) (12) (9) (14) (21) (18) (4) (18) (20) (14)
Net earnings (loss) from continuing operations (1,157) (89) 164 361 399 2,072 478 1,008 911 802 580 698 504 (269) 642 977 1,951 561 488 400 511
Net earnings from discontinued operations, net of tax 45 198 78 61 42 36 73 41 12 27 47 28 15 15 4 6 13
Net earnings (loss), Paramount and noncontrolling interests (1,112) 109 242 422 441 2,108 551 1,049 923 829 627 726 519 (254) 646 983 1,964 561 488 400 511
Net earnings attributable to noncontrolling interests (6) (88) (11) (3) (8) (50) (13) (13) (12) (19) (12) (245) (3) (4) (16) (6) (5)
Net earnings (loss) attributable to Paramount (1,118) 21 231 419 433 2,058 538 1,036 911 810 615 481 516 (258) 630 977 1,959 561 488 400 511
Preferred stock dividends (14) (16) (14) (14) (14) (15) (14) (14) (1)
Net earnings (loss) attributable to Paramount common stock (1,132) 5 217 405 419 2,043 524 1,022 910 810 615 481 516 (258) 630 977 1,959 561 488 400 511

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Paramount Global revenues increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Paramount Global operating income (loss) decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Paramount Global earnings (loss) from continuing operations before income taxes and equity in loss of investee companies decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Net earnings (loss) attributable to Paramount The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Paramount Global net earnings (loss) attributable to Paramount decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.