PARAMOUNT GLOBAL June Quarter 2022 Trending Schedules
Trending Schedules
Information included in these schedules has been derived from information contained in our 2022 Quarterly Reports on Form 10-Q, 2021 Annual Report on Form 10-K and Current Report on Form 8-K filed with the Securities and Exchange Commission on February 15, 2022. These schedules contain certain financial measures that are not in accordance with accounting principles generally accepted in the United States of America ("GAAP"). We provide reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in the body of these schedules.
References to "Paramount," the "Company," "we," "us" and "our" refer to Paramount Global and its consolidated
subsidiaries, unless the context otherwise requires.
During the fourth quarter of 2020, we entered into an agreement to sell our publishing business, Simon & Schuster. As a
result, Simon & Schuster has been presented as a discontinued operation for all periods presented.
TRENDING SCHEDULES | Schedule 1 |
Summarized Reported Results (GAAP) (unaudited; in millions, except per share amounts)
Advertising
Affiliate and subscription
Theatrical
Licensing and other
Revenues
Expenses
Restructuring and other corporate matters Programming charges
Net gain on sales Depreciation and amortization
Operating income
Amounts attributable to Paramount: Net earnings from continuing operations
Discontinued operations, net of tax Net earnings attributable to Paramount
Diluted earnings per share attributable to Paramount: (1)
Continuing operations
Discontinued operations
Net earnings
Weighted average number of diluted shares outstanding
12 Months | 12 Months | 6 Months | |||||||||||||||
Ended | Quarter Ended | Ended | Quarter Ended | Ended | |||||||||||||
12/31/20 | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | 3/31/22 | 6/30/22 | 6/30/22 | |||||||||
$ | 9,751 | $ | 3,109 | $ | 2,599 | $ | 2,386 | $ | 3,318 | $ | 11,412 | $ | 2,864 | $ | 2,545 | $ | 5,409 |
9,166 | 2,463 | 2,588 | 2,650 | 2,741 | 10,442 | 2,840 | 2,888 | 5,728 | |||||||||
180 | 1 | 134 | 67 | 39 | 241 | 131 | 764 | 895 | |||||||||
6,188 | 1,839 | 1,243 | 1,507 | 1,902 | 6,491 | 1,493 | 1,582 | 3,075 | |||||||||
$ | 25,285 | $ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 8,000 | $ | 28,586 | $ | 7,328 | $ | 7,779 | $ | 15,107 |
(20,153) | (5,785) | (5,324) | (5,590) | (7,443) | (24,142) | (6,415) | (6,816) | (13,231) | |||||||||
(618) | - | (35) | (46) | (19) | (100) | (57) | (50) | (107) | |||||||||
(159) | - | - | - | - | - | - | - | - | |||||||||
214 | - | 116 | - | 2,227 | 2,343 | 15 | - | 15 | |||||||||
(430) | (99) | (95) | (95) | (101) | (390) | (96) | (94) | (190) | |||||||||
$ | 4,139 | $ | 1,528 | $ | 1,226 | $ | 879 | $ | 2,664 | $ | 6,297 | $ | 775 | $ | 819 | $ | 1,594 |
$ | 2,305 | $ | 899 | $ | 995 | $ | 465 | $ | 2,022 | $ | 4,381 | $ | 391 | $ | 358 | $ | 749 |
117 | 12 | 41 | 73 | 36 | 162 | 42 | 61 | 103 | |||||||||
$ | 2,422 | $ | 911 | $ | 1,036 | $ | 538 | $ | 2,058 | $ | 4,543 | $ | 433 | $ | 419 | $ | 852 |
$ | 3.73 | $ | 1.42 | $ | 1.50 | $ | .69 | $ | 3.05 | $ | 6.69 | $ | .58 | $ | .53 | $ | 1.11 |
$ | .19 | $ | .02 | $ | .06 | $ | .11 | $ | .05 | $ | .25 | $ | .06 | $ | .09 | $ | .16 |
$ | 3.92 | $ | 1.44 | $ | 1.56 | $ | .80 | $ | 3.11 | $ | 6.94 | $ | .64 | $ | .62 | $ | 1.27 |
618 | 631 | 662 | 651 | 662 | 655 | 651 | 650 | 650 |
- Diluted net earnings per common share ("EPS") for the three months ended June 30, 2022, March 31, 2022 and September 30, 2021 and the six months ended June 30, 2022 exclude the effect of the assumed conversion of our 5.75% Series A Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock") to shares of common stock since it would have been antidilutive. As a result, in the calculations of diluted EPS the weighted average number of diluted shares outstanding does not include the assumed issuance of shares upon conversion of preferred stock, and preferred stock dividends of $14 million recorded during each of the three months ended June 30, 2022, March 31, 2022 and September 30, 2021 and $29 million for the six months ended June 30, 2022 are deducted from net earnings from continuing operations and net earnings, as applicable.
TRENDING SCHEDULES | Schedule 2 |
Summarized Adjusted Results (Non-GAAP) (unaudited; in millions, except per share amounts)
Advertising
Affiliate and subscription
Theatrical
Licensing and other
Revenues
Expenses
Adjusted OIBDA
Adjusted net earnings from continuing operations attributable to Paramount
Adjusted diluted EPS from continuing operations attributable to Paramount
Weighted average number of diluted shares outstanding (1)
12 Months | 12 Months | 6 Months | |||||||||||||||
Ended | Quarter Ended | Ended | Quarter Ended | Ended | |||||||||||||
12/31/20 | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | 3/31/22 | 6/30/22 | 6/30/22 | |||||||||
$ | 9,751 | $ | 3,109 | $ | 2,599 | $ | 2,386 | $ | 3,318 | $ | 11,412 | $ | 2,864 | $ | 2,545 | $ | 5,409 |
9,166 | 2,463 | 2,588 | 2,650 | 2,741 | 10,442 | 2,840 | 2,888 | 5,728 | |||||||||
180 | 1 | 134 | 67 | 39 | 241 | 131 | 764 | 895 | |||||||||
6,188 | 1,839 | 1,243 | 1,507 | 1,902 | 6,491 | 1,493 | 1,582 | 3,075 | |||||||||
$ | 25,285 | $ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 8,000 | $ | 28,586 | $ | 7,328 | $ | 7,779 | $ | 15,107 |
(20,153) | (5,785) | (5,324) | (5,590) | (7,443) | (24,142) | (6,415) | (6,816) | (13,231) | |||||||||
$ | 5,132 | $ | 1,627 | $ | 1,240 | $ | 1,020 | $ | 557 | $ | 4,444 | $ | 913 | $ | 963 | $ | 1,876 |
$ | 2,595 | $ | 961 | $ | 640 | $ | 510 | $ | 181 | $ | 2,292 | $ | 403 | $ | 429 | $ | 832 |
$ | 4.20 | $ | 1.52 | $ | .97 | $ | .76 | $ | .26 | $ | 3.48 | $ | .60 | $ | .64 | $ | 1.24 |
618 | 631 | 662 | 651 | 650 | 646 | 651 | 650 | 650 |
- For the quarter and twelve months ended December 31, 2021, the weighted average number of common shares outstanding used in the calculations of reported diluted EPS from continuing operations were 662 million and 655 million, respectively (see Schedule 1), and in the calculations of adjusted diluted EPS were 650 million and 646 million, respectively. These amounts differ because adjusted diluted EPS excludes the effect of the assumed conversion of our Mandatory Convertible Preferred Stock into shares of common stock since the impact would have been antidilutive. As a result, in the calculations of adjusted diluted EPS, the weighted average number of diluted shares outstanding does not include the assumed issuance of shares upon conversion of preferred stock, and preferred stock dividends recorded during the quarter and twelve months ended December 31, 2021 of $14 million and $44 million, respectively, are deducted from adjusted net earnings from continuing operations.
TRENDING SCHEDULES | Schedule 3 |
TV Media Financial Results (unaudited; in millions)
Advertising
Affiliate and subscription Licensing and other
Revenues
Adjusted OIBDA
12 Months | 12 Months | 6 Months | |||||||||||||||
Ended | Quarter Ended | Ended | Quarter Ended | Ended | |||||||||||||
12/31/20 | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | 3/31/22 | 6/30/22 | 6/30/22 | |||||||||
$ | 9,062 | $ | 2,888 | $ | 2,303 | $ | 2,039 | $ | 2,875 | $ | 10,105 | $ | 2,521 | $ | 2,174 | $ | 4,695 |
8,037 | 2,083 | 2,112 | 2,108 | 2,110 | 8,413 | 2,098 | 2,058 | 4,156 | |||||||||
4,021 | 1,022 | 804 | 1,073 | 1,317 | 4,216 | 1,026 | 1,024 | 2,050 | |||||||||
$ | 21,120 | $ | 5,993 | $ | 5,219 | $ | 5,220 | $ | 6,302 | $ | 22,734 | $ | 5,645 | $ | 5,256 | $ | 10,901 |
$ | 5,816 | $ | 1,765 | $ | 1,504 | $ | 1,385 | $ | 1,238 | $ | 5,892 | $ | 1,544 | $ | 1,380 | $ | 2,924 |
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Paramount Global published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 11:14:26 UTC.
