PARAMOUNT GLOBAL December Quarter 2021
Trending Schedules
Trending Schedules
Information included in these schedules has been derived from information contained in our 2021 and 2020 Quarterly Reports on Form 10-Q, 2021 Annual Report on Form 10-K and the accompanying earnings presentations. 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 "ViacomCBS," the "Company," "we," "us" and "our" refer to ViacomCBS Inc. 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
Streaming
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 ViacomCBS:
Net earnings from continuing operations
Discontinued operations, net of tax
Net earnings attributable to ViacomCBS
Diluted earnings per share attributable to ViacomCBS: (1) Continuing operations
Discontinued operations
Net earnings
Weighted average number of diluted shares outstanding
12 Months | |||||||||||||
Quarter Ended | Ended | ||||||||||||
3/31/20 | 6/30/20 | 9/30/20 | 12/31/20 | 12/31/20 | |||||||||
$ | 2,219 | $ | 1,686 | $ | 1,828 | $ | 2,600 | $ | 8,333 | ||||
1,968 | 1,929 | 2,059 | 2,067 | 8,023 | |||||||||
494 | 513 | 666 | 888 | 2,561 | |||||||||
167 | 3 | 6 | 4 | 180 | |||||||||
1,651 | 1,944 | 1,278 | 1,315 | 6,188 | |||||||||
$ | 6,499 | $ | 6,075 | $ | 5,837 | $ | 6,874 | $ | 25,285 | ||||
(5,254) | (4,423) | (4,785) | (5,691) | (20,153) | |||||||||
(231) | (158) | (52) | (177) | (618) | |||||||||
- | (121) | - | (38) | (159) | |||||||||
- | - | - | 214 | 214 | |||||||||
(112) | (122) | (97) | (99) | (430) | |||||||||
$ | 902 | $ | 1,251 | $ | 903 | $ | 1,083 | $ | 4,139 | ||||
$ | 501 | $ | 453 | $ | 568 | $ | 783 | $ | 2,305 | ||||
15 | 28 | 47 | 27 | 117 | |||||||||
$ | 516 | $ | 481 | $ | 615 | $ | 810 | $ | 2,422 | ||||
$ | .81 | $ | .73 | $ | .92 | $ | 1.26 | $ | 3.73 | ||||
$ | .02 | $ | .05 | $ | .08 | $ | .04 | $ | .19 | ||||
$ | .84 | $ | .78 | $ | 1.00 | $ | 1.31 | $ | 3.92 | ||||
616 | 617 | 618 | 620 | 618 |
12 Months | |||||||||
Quarter Ended | Ended | ||||||||
3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | |||||
$ | 2,681 | $ | 2,097 | $ | 1,855 | $ | 2,634 | $ | 9,267 |
2,075 | 2,107 | 2,102 | 2,110 | 8,394 | |||||
816 | 983 | 1,079 | 1,315 | 4,193 | |||||
1 | 134 | 67 | 39 | 241 | |||||
1,839 | 1,243 | 1,507 | 1,902 | 6,491 | |||||
$ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 8,000 | $ | 28,586 |
(5,785) | (5,324) | (5,590) | (7,443) | (24,142) | |||||
- | (35) | (46) | (19) | (100) | |||||
- | - | - | - | - | |||||
- | 116 | - | 2,227 | 2,343 | |||||
(99) | (95) | (95) | (101) | (390) | |||||
$ | 1,528 | $ | 1,226 | $ | 879 | $ | 2,664 | $ | 6,297 |
$ | 899 | $ | 995 | $ | 465 | $ | 2,022 | $ | 4,381 |
12 | 41 | 73 | 36 | 162 | |||||
$ | 911 | $ | 1,036 | $ | 538 | $ | 2,058 | $ | 4,543 |
$ | 1.42 | $ | 1.50 | $ | .69 | $ | 3.05 | $ | 6.69 |
$ | .02 | $ | .06 | $ | .11 | $ | .05 | $ | .25 |
$ | 1.44 | $ | 1.56 | $ | .80 | $ | 3.11 | $ | 6.94 |
631 | 662 | 651 | 662 | 655 |
- Diluted net earnings per common share ("EPS") for the three months ended September 30, 2021, excludes the effect of the assumed conversion of our 5.75% Series A Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock") into shares of common stock since it would have been antidilutive. As a result, in the calculation 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 recorded during the three months ended September 30, 2021 of $14 million 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)
12 Months | ||||||||||||||
Quarter Ended | Ended | |||||||||||||
3/31/20 | 6/30/20 | 9/30/20 | 12/31/20 | 12/31/20 | ||||||||||
Advertising | $ | 2,219 | $ | 1,686 | $ | 1,828 | $ | 2,600 | $ | 8,333 | ||||
Affiliate | 1,968 | 1,929 | 2,059 | 2,067 | 8,023 | |||||||||
Streaming | 494 | 513 | 666 | 888 | 2,561 | |||||||||
Theatrical | 167 | 3 | 6 | 4 | 180 | |||||||||
Licensing and other | 1,651 | 1,944 | 1,278 | 1,315 | 6,188 | |||||||||
Revenues | ||||||||||||||
$ | 6,499 | $ | 6,075 | $ | 5,837 | $ | 6,874 | $ | 25,285 | |||||
Expenses | (5,254) | (4,423) | (4,785) | (5,691) | (20,153) | |||||||||
Adjusted OIBDA | ||||||||||||||
$ | 1,245 | $ | 1,652 | $ | 1,052 | $ | 1,183 | $ | 5,132 | |||||
Adjusted net earnings from continuing operations | $ | 690 | $ | 744 | $ | 516 | $ | 645 | $ | 2,595 | ||||
attributable to ViacomCBS | ||||||||||||||
Adjusted diluted EPS from continuing operations | $ | 1.12 | $ | 1.21 | $ | .83 | $ | 1.04 | $ | 4.20 | ||||
attributable to ViacomCBS | ||||||||||||||
Weighted average number of diluted shares outstanding (1) | 616 | 617 | 618 | 620 | 618 |
12 Months | |||||||||
Quarter Ended | Ended | ||||||||
3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | |||||
$ | 2,681 | $ | 2,097 | $ | 1,855 | $ | 2,634 | $ | 9,267 |
2,075 | 2,107 | 2,102 | 2,110 | 8,394 | |||||
816 | 983 | 1,079 | 1,315 | 4,193 | |||||
1 | 134 | 67 | 39 | 241 | |||||
1,839 | 1,243 | 1,507 | 1,902 | 6,491 | |||||
$ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 8,000 | $ | 28,586 |
(5,785) | (5,324) | (5,590) | (7,443) | (24,142) | |||||
$ | 1,627 | $ | 1,240 | $ | 1,020 | $ | 557 | $ | 4,444 |
$ | 961 | $ | 640 | $ | 510 | $ | 181 | $ | 2,292 |
$ | 1.52 | $ | .97 | $ | .76 | $ | .26 | $ | 3.48 |
631 | 662 | 651 | 650 | 646 |
- 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 do 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 |
Streaming Metrics Summary (unaudited; in millions)
12 Months | 12 Months | ||||||||||||||||||||
Quarter Ended | Ended | Quarter Ended | Ended | ||||||||||||||||||
3/31/20 | 6/30/20 | 9/30/20 | 12/31/20 | 12/31/20 | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 12/31/21 | ||||||||||||
Streaming Revenues | |||||||||||||||||||||
Advertising (1) | $ | 265 | $ | 248 | $ | 360 | $ | 545 | $ | 1,418 | $ | 428 | $ | 502 | $ | 531 | $ | 684 | $ | 2,145 | |
Subscription | (2) | 229 | 265 | 306 | 343 | 1,143 | 388 | 481 | 548 | 631 | 0 | ||||||||||
2,048 | |||||||||||||||||||||
Total Streaming Revenues | $ | 494 | $ | 513 | $ | 666 | $ | 888 | $ | 2,561 | $ | 816 | $ | 983 | $ | 1,079 | $ | 1,315 | $ | 4,193 | |
TV Entertainment (3) | $ | 204 | $ | 193 | $ | 216 | $ | 298 | $ | 911 | $ | 322 | $ | 350 | $ | 390 | $ | 489 | $ | 1,551 | |
Cable Networks (4) | 290 | 320 | 450 | 590 | 1,650 | 494 | 633 | 689 | 826 | 2,642 | |||||||||||
Total Streaming Revenues | $ | 494 | $ | 513 | $ | 666 | $ | 888 | $ | 2,561 | $ | 816 | $ | 983 | $ | 1,079 | $ | 1,315 | $ | 4,193 | |
Pluto TV MAUs and Streaming Subscribers(5) | |||||||||||||||||||||
Global Pluto MAUs | 26.0 | 33.0 | 35.8 | 43.1 | 43.1 | 49.5 | 52.3 | 54.4 | 64.4 | 64.4 | |||||||||||
Global Streaming Subscribers | 22.0 | 25.7 | 27.9 | 29.9 | 29.9 | 35.9 | 42.4 | 46.7 | 56.1 | 56.1 |
- Streaming advertising revenues are earned from advertisements on our pay and free streaming services, including Paramount+ and Pluto TV, and from digital video advertisements on our websites and in our video content on third-party platforms ("other digital video platforms").
- Streaming subscription revenues include fees for our pay streaming services, including Paramount+, Showtime Networks' premium subscription streaming service ("Showtime OTT"), BET+ and Noggin, as well as premium subscriptions to access certain video content on our websites.
- Includes Paramount+, CBSN and other CBS branded digital video platforms.
- Includes Pluto TV, Showtime OTT, BET+, Noggin, our international streaming services, and other digital video platforms.
- Global streaming subscribers include customers with access to our domestic or international streaming services, either directly through our owned and operated apps and websites, or through third-party distributors. Our subscribers include paid subscriptions and those customers registered in a free trial, and subscribers are considered unique to each of our services, whether offered individually or as part of a bundle. The Monthly Active Users ("MAUs") count reflects the number of unique devices interacting with the Pluto TV service in a calendar month, and for the periods above reflects the MAU count for the last month of the applicable period.
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ViacomCBS Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 21:17:38 UTC.
