Paramount Skydance Corp
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Successor · Predecessor | |||
|---|---|---|---|
| Period From August 7 - September 30, | Period From January 1 - August 6, | Nine Months Ended September 30, | |
| 2025 | 2025 | 2024 | |
| Operating Activities: | |||
| Net earnings (loss) (Parent and noncontrolling interests) | $4 | $412 | $(5,927) |
| Less: Net earnings from discontinued operations, net of tax | — | — | 14 |
| Net earnings (loss) from continuing operations | 4 | 412 | (5,941) |
| Adjustments to reconcile net earnings (loss) from continuing operations to net cash flow provided by operating activities: | |||
| Programming charges | — | — | 1,118 |
| Depreciation and amortization | 226 | 204 | 297 |
| Impairment charges | — | 157 | 6,100 |
| Deferred tax (benefit) provision | 27 | (401) | (622) |
| Stock-based compensation | 59 | 113 | 175 |
| Gain on dispositions | — | (35) | — |
| Loss from investment | — | — | 4 |
| Equity in loss of investee companies, net of tax and distributions | 33 | 179 | 228 |
| Change in assets and liabilities | (81) | (465) | (775) |
| Net cash flow provided by operating activities | 268 | 164 | 584 |
| Investing Activities: | |||
| Investments | (1) | (205) | (248) |
| Capital expenditures | (46) | (134) | (151) |
| Proceeds from dispositions | 5 | 66 | 37 |
| Other investing activities | — | (3) | (3) |
| Net cash flow used for investing activities from continuing operations | (42) | (276) | (365) |
| Net cash flow provided by investing activities from discontinued operations | — | — | 48 |
| Net cash flow used for investing activities | (42) | (276) | (317) |
| Financing Activities: | |||
| Repayment of Skydance credit facility | (720) | — | — |
| Dividends paid on preferred stock | — | — | (29) |
| Dividends paid on common stock | (33) | (101) | (102) |
| Payment of payroll taxes in lieu of issuing shares for stock-based compensation | (63) | (26) | (21) |
| Payments to noncontrolling interests | (2) | (32) | (120) |
| Other financing activities | (3) | — | (26) |
| Net cash flow used for financing activities | (821) | (159) | (298) |
| Effect of exchange rate changes on cash and cash equivalents | 7 | 70 | 14 |
| Net decrease in cash and cash equivalents | (588) | (201) | (17) |
| Cash and cash equivalents at beginning of period (Note 15) | 3,851 | 2,661 | 2,460 |
| Cash and cash equivalents at end of period (Note 15) | $3,263 | $2,460 | $2,443 |
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| Three Months Ended September 30, 2025 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Class A and B Common Stock Outstanding · Additional Paid-In Capital · TreasuryStock · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss) · Total Paramount Stockholders’ Equity · Noncontrolling Interests · Total Equity | |||||||||
| (Shares) | |||||||||
| June 30, 2025 (Predecessor) | 674 | $1 | $33,455 | $(22,958) | $7,626 | $(1,419) | $16,705 | $406 | $17,111 |
| Stock-based compensation activity | — | — | 24 | — | — | — | 24 | — | 24 |
| Noncontrolling interests | — | — | — | — | — | — | — | 34 | 34 |
| Net earnings (loss) | — | — | — | — | (244) | — | (244) | 434 | 190 |
| Other comprehensive loss | — | — | — | — | — | (45) | (45) | (1) | (46) |
| Cancellation of treasury stock (Note 10) | — | — | (22,958) | 22,958 | — | — | — | — | — |
| August 6, 2025 (Predecessor) | 674 | 1 | 10,521 | — | 7,382 | (1,464) | 16,440 | 873 | 17,313 |
| Adjustments to Paramount Global’s basis (Note 2) | — | — | (451) | — | (7,382) | 1,464 | (6,369) | 376 | (5,993) |
| PIPE Transaction (Note 10) | 108 | — | 1,517 | — | — | — | 1,517 | — | 1,517 |
| Addition of Skydance | 314 | — | 1,589 | — | (1,167) | — | 422 | — | 422 |
| August 7, 2025 (Successor) | 1,096 | 1 | 13,176 | — | (1,167) | — | 12,010 | 1,249 | 13,259 |
| Stock-based compensation activity | 2 | — | 41 | — | — | — | 41 | — | 41 |
| Common stock dividends | — | — | (58) | — | — | — | (58) | — | (58) |
| Noncontrolling interests | — | — | — | — | — | — | — | (1) | (1) |
| Net earnings (loss) | — | — | — | — | (13) | — | (13) | 17 | 4 |
| Other comprehensive income | — | — | — | — | — | 25 | 25 | 1 | 26 |
| September 30, 2025 (Successor) | 1,098 | $1 | $13,159 | $— | $(1,180) | $25 | $12,005 | $1,266 | $13,271 |
| Nine Months Ended September 30, 2025 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Class A and B Common Stock Outstanding · Additional Paid-In Capital · TreasuryStock · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss) · Total Paramount Stockholders’ Equity · Noncontrolling Interests · Total Equity | |||||||||
| (Shares) | |||||||||
| December 31, 2024 (Predecessor) | 671 | $1 | $33,394 | $(22,958) | $7,487 | $(1,604) | $16,320 | $462 | $16,782 |
| Stock-based compensation activity | 3 | — | 85 | — | — | — | 85 | — | 85 |
| Common stock dividends | — | — | — | — | (70) | — | (70) | — | (70) |
| Noncontrolling interests | — | — | — | — | — | — | — | (37) | (37) |
| Net earnings (loss) | — | — | — | — | (35) | — | (35) | 447 | 412 |
| Other comprehensive income | — | — | — | — | — | 140 | 140 | 1 | 141 |
| Cancellation of treasury stock (Note 10) | — | — | (22,958) | 22,958 | — | — | — | — | — |
| August 6, 2025 (Predecessor) | 674 | 1 | 10,521 | — | 7,382 | (1,464) | 16,440 | 873 | 17,313 |
| Adjustments to Paramount Global’s basis (Note 2) | — | — | (451) | — | (7,382) | 1,464 | (6,369) | 376 | (5,993) |
| PIPE Transaction (Note 10) | 108 | — | 1,517 | — | — | — | 1,517 | — | 1,517 |
| Addition of Skydance | 314 | — | 1,589 | — | (1,167) | — | 422 | — | 422 |
| August 7, 2025 (Successor) | 1,096 | 1 | 13,176 | — | (1,167) | — | 12,010 | 1,249 | 13,259 |
| Stock-based compensation activity | 2 | — | 41 | — | — | — | 41 | — | 41 |
| Common stock dividends | — | — | (58) | — | — | — | (58) | — | (58) |
| Noncontrolling interests | — | — | — | — | — | — | — | (1) | (1) |
| Net earnings (loss) | — | — | — | — | (13) | — | (13) | 17 | 4 |
| Other comprehensive income | — | — | — | — | — | 25 | 25 | 1 | 26 |
| September 30, 2025 (Successor) | 1,098 | $1 | $13,159 | $— | $(1,180) | $25 | $12,005 | $1,266 | $13,271 |
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