PARAMOUNT GLOBAL September 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, 2020 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.
On December 4, 2019, Viacom Inc. ("Viacom") merged with and into CBS Corporation ("CBS"), with CBS continuing as the surviving company (the "Merger"). At the effective time of the Merger, the combined company changed its name to ViacomCBS Inc. The Merger has been accounted for as a transaction between entities under common control and therefore, the net assets of Viacom were combined with those of CBS at their historical carrying amounts and the companies have been presented on a combined basis for all periods presented.
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 (loss)
Amounts attributable to
ViacomCBS:
Net earnings (loss) from continuing operations
Discontinued operations, net of tax
Net earnings (loss) attributable to ViacomCBS
Diluted earnings (loss) per share attributable to ViacomCBS: (1)
Continuing operations
Discontinued operations
Net earnings (loss)
Weighted average number of diluted shares outstanding (2)
12 Months | 12 Months | 9 Months | |||||||||||||||||||||||||
Quarter Ended | Ended | Quarter Ended | Ended | Quarter Ended | Ended | ||||||||||||||||||||||
3/31/19 | 6/30/19 | 9/30/19 | 12/31/19 | 12/31/19 | 3/31/20 | 6/30/20 | 9/30/20 | 12/31/20 | 12/31/20 | 3/31/21 | 6/30/21 | 9/30/21 | 9/30/21 | ||||||||||||||
$ | 2,879 | $ | 2,410 | $ | 2,072 | $ | 2,708 | $ | 10,069 | $ | 2,219 | $ | 1,686 | $ | 1,828 | $ | 2,600 | $ | 8,333 | $ | 2,681 | $ | 2,097 | $ | 1,855 | $ | 6,633 |
2,002 | 1,980 | 1,975 | 1,936 | 7,893 | 1,968 | 1,929 | 2,059 | 2,067 | 8,023 | 2,075 | 2,107 | 2,102 | 6,284 | ||||||||||||||
350 | 410 | 435 | 519 | 1,714 | 494 | 513 | 666 | 888 | 2,561 | 816 | 983 | 1,079 | 2,878 | ||||||||||||||
172 | 152 | 94 | 129 | 547 | 167 | 3 | 6 | 4 | 180 | 1 | 134 | 67 | 202 | ||||||||||||||
1,533 | 1,973 | 1,905 | 1,364 | 6,775 | 1,651 | 1,944 | 1,278 | 1,315 | 6,188 | 1,839 | 1,243 | 1,507 | 4,589 | ||||||||||||||
$ | 6,936 | $ | 6,925 | $ | 6,481 | $ | 6,656 | $ | 26,998 | $ | 6,499 | $ | 6,075 | $ | 5,837 | $ | 6,874 | $ | 25,285 | $ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 20,586 |
(5,415) | (5,397) | (5,268) | (5,525) | (21,605) | (5,254) | (4,423) | (4,785) | (5,691) | (20,153) | (5,785) | (5,324) | (5,590) | (16,699) | ||||||||||||||
(173) | (7) | (122) | (467) | (769) | (231) | (158) | (52) | (177) | (618) | - | (35) | (46) | (81) | ||||||||||||||
- | - | - | (589) | (589) | - | (121) | - | (38) | (159) | - | - | - | - | ||||||||||||||
549 | - | - | - | 549 | - | - | - | 214 | 214 | - | 116 | - | 116 | ||||||||||||||
(105) | (107) | (107) | (119) | (438) | (112) | (122) | (97) | (99) | (430) | (99) | (95) | (95) | (289) | ||||||||||||||
$ | 1,792 | $ | 1,414 | $ | 984 | $ | (44) | $ | 4,146 | $ | 902 | $ | 1,251 | $ | 903 | $ | 1,083 | $ | 4,139 | $ | 1,528 | $ | 1,226 | $ | 879 | $ | 3,633 |
$ | 1,939 | $ | 947 | $ | 584 | $ | (302) | $ | 3,168 | $ | 501 | $ | 453 | $ | 568 | $ | 783 | $ | 2,305 | $ | 899 | $ | 995 | $ | 465 | $ | 2,359 |
20 | 30 | 46 | 44 | 140 | 15 | 28 | 47 | 27 | 117 | 12 | 41 | 73 | 126 | ||||||||||||||
$ | 1,959 | $ | 977 | $ | 630 | $ | (258) | $ | 3,308 | $ | 516 | $ | 481 | $ | 615 | $ | 810 | $ | 2,422 | $ | 911 | $ | 1,036 | $ | 538 | $ | 2,485 |
$ | 3.14 | $ | 1.53 | $ | .95 | $ | (.49) | $ | 5.13 | $ | .81 | $ | .73 | $ | .92 | $ | 1.26 | $ | 3.73 | $ | 1.42 | $ | 1.50 | $ | .69 | $ | 3.62 |
$ | .03 | $ | .05 | $ | .07 | $ | .07 | $ | .23 | $ | .02 | $ | .05 | $ | .08 | $ | .04 | $ | .19 | $ | .02 | $ | .06 | $ | .11 | $ | .20 |
$ | 3.18 | $ | 1.58 | $ | 1.02 | $ | (.42) | $ | 5.36 | $ | .84 | $ | .78 | $ | 1.00 | $ | 1.31 | $ | 3.92 | $ | 1.44 | $ | 1.56 | $ | .80 | $ | 3.81 |
617 | 617 | 617 | 615 | 617 | 616 | 617 | 618 | 620 | 618 | 631 | 662 | 651 | 644 |
- Diluted net earnings per common share ("EPS") for the three and nine months ended September 30, 2021, excludes the effect of the assumed conversion of our 5.75% Series A 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 recorded during the three and nine months ended September 30, 2021 of $14 million and $30 million, respectively, are deducted from net earnings from continuing operations and net earnings, as applicable.
- For the quarter ended December 31, 2019, the dilutive impact to shares was excluded because it would have been anti-dilutive since we reported a net loss.
TRENDING SCHEDULES | Schedule 2 |
Summarized Adjusted Results (GAAP) (unaudited; in millions, except per share amounts)
12 Months | ||||||||||||||
Quarter Ended | Ended | |||||||||||||
3/31/19 | 6/30/19 | 9/30/19 | 12/31/19 | 12/31/19 | ||||||||||
Advertising | $ | 2,879 | $ | 2,410 | $ | 2,072 | $ | 2,708 | $ | 10,069 | ||||
Affiliate | 2,002 | 1,980 | 1,975 | 1,936 | 7,893 | |||||||||
Streaming | 350 | 410 | 435 | 519 | 1,714 | |||||||||
Theatrical | 172 | 152 | 94 | 129 | 547 | |||||||||
Licensing and other | 1,533 | 1,973 | 1,905 | 1,364 | 6,775 | |||||||||
Revenues | ||||||||||||||
$ | 6,936 | $ | 6,925 | $ | 6,481 | $ | 6,656 | $ | 26,998 | |||||
Expenses | (5,415) | (5,397) | (5,268) | (5,525) | (21,605) | |||||||||
Adjusted OIBDA | 5,393 | |||||||||||||
$ | 1,521 | $ | 1,528 | $ | 1,213 | $ | 1,131 | $ | 5,393 | |||||
Adjusted net earnings from | ||||||||||||||
continuing operations | $ | 887 | $ | 888 | $ | 638 | $ | 570 | $ | 2,983 | ||||
attributable to ViacomCBS | ||||||||||||||
Adjusted diluted EPS from | ||||||||||||||
continuing operations | $ | 1.44 | $ | 1.44 | $ | 1.03 | $ | .92 | $ | 4.83 | ||||
attributable to ViacomCBS | ||||||||||||||
Weighted average number of | 617 | 617 | 617 | 618 | 617 | |||||||||
diluted shares outstanding |
12 Months | 9 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 | 9/30/21 | |||||||||
$ | 2,219 | $ | 1,686 | $ | 1,828 | $ | 2,600 | $ | 8,333 | $ | 2,681 | $ | 2,097 | $ | 1,855 | $ | 6,633 |
1,968 | 1,929 | 2,059 | 2,067 | 8,023 | 2,075 | 2,107 | 2,102 | 6,284 | |||||||||
494 | 513 | 666 | 888 | 2,561 | 816 | 983 | 1,079 | 2,878 | |||||||||
167 | 3 | 6 | 4 | 180 | 1 | 134 | 67 | 202 | |||||||||
1,651 | 1,944 | 1,278 | 1,315 | 6,188 | 1,839 | 1,243 | 1,507 | 4,589 | |||||||||
$ | 6,499 | $ | 6,075 | $ | 5,837 | $ | 6,874 | $ | 25,285 | $ | 7,412 | $ | 6,564 | $ | 6,610 | $ | 20,586 |
(5,254) | (4,423) | (4,785) | (5,691) | (20,153) | (5,785) | (5,324) | (5,590) | (16,699) | |||||||||
$ | 1,245 | $ | 1,652 | $ | 1,052 | $ | 1,183 | $ | 5,132 | $ | 1,627 | $ | 1,240 | $ | 1,020 | $ | 3,887 |
$ | 690 | $ | 744 | $ | 516 | $ | 645 | $ | 2,595 | $ | 961 | $ | 640 | $ | 510 | $ | 2,111 |
$ | 1.12 | $ | 1.21 | $ | .83 | $ | 1.04 | $ | 4.20 | $ | 1.52 | $ | .97 | $ | .76 | $ | 3.23 |
616 | 617 | 618 | 620 | 618 | 631 | 662 | 651 | 644 |
TRENDING SCHEDULES | Schedule 3 |
Streaming Metrics Summary (unaudited; in millions)
12 Months | ||||||||||||||
Quarter Ended | Ended | |||||||||||||
3/31/19 | 6/30/19 | 9/30/19 | 12/31/19 | 12/31/19 | ||||||||||
Streaming Revenues | ||||||||||||||
Advertising (1) | $ | 187 | $ | 235 | $ | 261 | $ | 322 | $ | 1,005 | ||||
Subscription (2) | 163 | 175 | 174 | 197 | 709 | |||||||||
Total Streaming Revenues | ||||||||||||||
$ | 350 | $ | 410 | $ | 435 | $ | 519 | $ | 1,714 | |||||
TV Entertainment (3) | $ | 167 | $ | 168 | $ | 160 | $ | 206 | $ | 701 | ||||
Cable Networks (4) | 183 | 242 | 275 | 313 | 1,013 | |||||||||
Total Streaming Revenues | $ | 350 | $ | 410 | $ | 435 | $ | 519 | $ | 1,714 | ||||
Pluto TV Monthly Active | ||||||||||||||
Users (MAUs) and Streaming | ||||||||||||||
Subscribers | ||||||||||||||
Global Pluto MAUs | 15.7 | 16.7 | 18.7 | 24.0 | 24.0 | |||||||||
Global Streaming Subscribers (5) | 15.9 | 16.9 | 17.9 | 19.2 | 19.2 | |||||||||
12 Months | 9 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 | 9/30/21 | |||||||||
$ | 265 | $ | 248 | $ | 360 | $ | 545 | $ | 1,418 | $ | 428 | $ | 502 | $ | 531 | $ | 1,461 |
229 | 265 | 306 | 343 | 1,143 | 388 | 481 | 548 | 1,417 | |||||||||
$ | 494 | $ | 513 | $ | 666 | $ | 888 | $ | 2,561 | $ | 816 | $ | 983 | $ | 1,079 | $ | 2,878 |
$ | 204 | $ | 193 | $ | 216 | $ | 298 | $ | 911 | $ | 322 | $ | 350 | $ | 390 | $ | 1,062 |
290 | 320 | 450 | 590 | 1,650 | 494 | 633 | 689 | 1,816 | |||||||||
$ | 494 | $ | 513 | $ | 666 | $ | 888 | $ | 2,561 | $ | 816 | $ | 983 | $ | 1,079 | $ | 2,878 |
26.0 | 33.0 | 35.8 | 43.1 | 43.1 | 49.5 | 52.3 | 54.4 | 54.4 | |||||||||
22.0 | 25.7 | 27.9 | 29.9 | 29.9 | 35.9 | 42.4 | 46.7 | 46.7 |
- 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 who can access our domestic or international streaming services, either directly through our owned and operated apps and websites, or through third-party distributors.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
ViacomCBS Inc. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 11:13:06 UTC.
