Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
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Paramount Global, consolidated statement of comprehensive income
US$ in millions
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).
The analysis of the financial data reveals notable fluctuations and trends in various income measures over the five-year period.
- Net earnings attributable to Paramount and noncontrolling interests
- These figures exhibit significant variability, starting at 1,960 million US dollars in 2018, rising sharply to 3,339 million in 2019, then declining to 2,701 million in 2020. The net earnings peaked at 4,631 million in 2021 before experiencing a substantial drop to 1,214 million in 2022. This indicates a volatile earnings performance with a pronounced peak in 2021 followed by a steep decline.
- Cumulative translation adjustments
- The cumulative translation adjustments show inconsistent changes, beginning with a negative 26 million in 2018, shifting to positive values of 15 million and 134 million in 2019 and 2020 respectively. These were followed by reversals to negative values of -143 million and -240 million in 2021 and 2022, suggesting exchange rate impacts or foreign currency effects varied widely across the years.
- (Increase) decrease to net actuarial loss and prior service costs
- There is a trend toward a reduction of actuarial losses and prior service costs over the period. The adjustment starts at -87 million in 2018, deepens to -145 million in 2019, then markedly improves to near neutrality at -2 million in 2020, and finally shifts into positive territory of 75 million and 337 million in the two subsequent years. This progression reflects improving funded status or pension-related gains over time.
- Other comprehensive income (loss) from continuing operations, net of tax
- The other comprehensive income/loss is initially negative at -113 million in 2018 and remains negative in 2019 (-130 million), but moves into a positive range in 2020 at 132 million. It again turns negative in 2021 (-68 million) before returning to positive 97 million in 2022. This signals fluctuations in items such as unrealized gains or losses on certain investments or pension adjustments over this timeframe.
- Other comprehensive income (loss) from discontinued operations
- Data for discontinued operations is sparse; no values are reported for 2018 and 2019, with small positive and negative values of 5 million in 2020, -3 million in 2021, and -7 million in 2022. These minor figures suggest limited effect from discontinued business components on overall comprehensive income.
- Comprehensive income
- Total comprehensive income follows a somewhat similar trajectory to net earnings, starting at 1,847 million in 2018 and increasing to 3,209 million in 2019. It holds around this level in 2020 at 2,838 million and jumps to 4,560 million in 2021 before decreasing markedly to 1,304 million in 2022. This pattern corroborates the volatility observed in earnings, adjusted for other comprehensive items.
- Comprehensive income attributable to noncontrolling interests
- Amounts attributable to noncontrolling interests are negative or absent in most years, starting with missing data in 2018, then -33 million in 2019, worsening substantially to -278 million in 2020. After improving to -87 million in 2021, it slightly declines again to -105 million in 2022. This suggests that noncontrolling interests experienced losses impacting consolidated comprehensive income during much of the period.
- Comprehensive income attributable to Paramount
- The comprehensive income attributable to Paramount closely mirrors the overall comprehensive income pattern, as expected, but excludes noncontrolling interests. It begins at 1,847 million in 2018, peaking at 3,176 million in 2019, then declines to 2,560 million in 2020. A significant increase occurs in 2021 reaching 4,473 million, followed by a sharp decrease to 1,199 million in 2022. This again supports the narrative of volatility with gains concentrated in 2019 and 2021 and notable declines particularly in 2022.
Overall, the data indicates earnings and comprehensive income have experienced considerable volatility with peaks in 2019 and 2021 and substantial declines in 2020 and 2022. Foreign currency translation effects and pension-related actuarial adjustments contributed varying impacts to other comprehensive income across the years. Noncontrolling interests consistently detracted from comprehensive income in recent periods. The financial performance reflects a dynamic environment with clear cyclical elements affecting profitability and comprehensive income outcomes.