Q2 2024 EARNINGS FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited; in millions,
except per share amounts) At At June 30, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 2,315 $ 2,460 Receivables, net 6,545 7,115 Programming and other inventory 1,322 1,414 Prepaid expenses and other current
assets 1,497 1,677 Current assets of discontinued operations 37 Total current assets 11,679 12,703 Property and equipment, net 1,567 1,666 Programming and other inventory 13,672 13,851 Goodwill 10,509 16,516 Intangible assets, net 2,558 2,589
Operating lease assets 1,069 1,183 Deferred income tax assets, net 1,362 1,242 Other assets 3,474 3,793 Total Assets $ 45,890 $ 53,543 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities: Accounts payable $ 826 $ 1,100 Accrued expenses
1,865 2,104 Participants share and royalties payable 2,462 2,702 Accrued programming and production costs 1,769 1,842 Deferred revenues 708 746 Debt 126 1 Other current liabilities 1,250 1,161 Total current liabilities 9,006 9,656 Long-term
debt 14,488 14,601 Participants share and royalties payable 1,326 1,394 Pension and postretirement benefit obligations 1,329 1,337 Deferred income tax liabilities, net 35 503 Operating lease liabilities 1,127 1,256 Program rights obligations
229 204 Other liabilities 1,404 1,542 Commitments and contingencies Paramount stockholders equity: 5.75% Series A Mandatory Convertible Preferred Stock, par value $.001 per share; 25 shares authorized; 10 (2023) shares issued
Class A Common Stock, par value $.001 per share; 55 shares authorized; 41 (2024 and 2023) shares issued Class B Common Stock, par value $.001 per share; 5,000 shares authorized; 1,129 (2024) and 1,115 (2023) shares issued 1 1
Additional paid-in capital 33,299 33,210 Treasury stock, at cost; 503 (2024 and 2023) shares of Class B Common Stock (22,958) (22,958) Retained earnings 7,779 13,829 Accumulated other comprehensive loss
(1,624) (1,556) Total Paramount stockholders equity 16,497 22,526 Noncontrolling interests 449 524 Total Equity 16,946 23,050 Total Liabilities and Equity $ 45,890 $ 53,543 9