Q3 2023 EARNINGS FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited; in millions,
except per share amounts) At At September 30, 2023 December 31, 2022 ASSETS Current Assets: Cash and cash equivalents $ 1,804 $ 2,885 Receivables, net 6,939 7,412 Programming and other inventory 1,754 1,342 Prepaid expenses and other
current assets 1,536 1,308 Current assets of discontinued operations 678 787 Total current assets 12,711 13,734 Property and equipment, net 1,668 1,762 Programming and other inventory 13,844 16,278 Goodwill 16,488 16,499 Intangible assets, net 2,675
2,694 Operating lease assets 1,264 1,391 Deferred income tax assets, net 1,273 1,242 Other assets 3,913 3,991 Assets of discontinued operations 804 802 Total Assets $ 54,640 $ 58,393 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities:
Accounts payable $ 953 $ 1,403 Accrued expenses 2,118 2,071 Participants share and royalties payable 2,731 2,416 Accrued programming and production costs 1,695 2,063 Deferred revenues 848 973 Debt 38 239 Other current liabilities 1,196 1,477
Current liabilities of discontinued operations 471 549 Total current liabilities 10,050 11,191 Long-term debt 15,627 15,607 Participants share and royalties payable 1,453 1,744 Pension and postretirement benefit obligations 1,436 1,458
Deferred income tax liabilities, net 500 1,077 Operating lease liabilities 1,307 1,428 Program rights obligations 209 367 Other liabilities 1,476 1,715 Liabilities of discontinued operations 204 200 Commitments and contingencies Paramount
stockholders equity: 5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized; 10 (2023 and 2022) shares issued Class A Common Stock, par value $.001 per share; 55 shares
authorized; 41 (2023 and 2022) shares issued Class B Common Stock, par value $.001 per share; 5,000 shares authorized; 1,114 (2023) and 1,112 (2022) shares issued 1 1 Additional paid-in capital 33,176 33,063 Treasury stock, at cost; 503 (2023 and 2022) shares of Class B Common Stock (22,958) (22,958) Retained earnings 13,363 14,737 Accumulated other comprehensive loss (1,718) (1,807)
Total Paramount stockholders equity 21,864 23,036 Noncontrolling interests 514 570 Total Equity 22,378 23,606 Total Liabilities and Equity $ 54,640 $ 58,393 8