Paramount Global Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	1,036	962	789	334	852	633	Upgrade
Depreciation & Amortization	238	215	200	179	349	241	Upgrade
Other Amortization	105	105	91	77	66	46	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-12	-16	Upgrade
Gain (Loss) on Sale of Investments	-521	234	-2,022	10,141	1,412	-3,251	Upgrade
Reinsurance Recoverable	-	-	-	-	-203	-837	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	-	19	5,899	Upgrade
Change in Other Net Operating Assets	1,781	1,759	2,791	1,601	2	-55	Upgrade
Other Operating Activities	-1,747	-2,330	-575	-11,781	-2,300	-824	Upgrade
Operating Cash Flow	990	1,041	1,342	613	185	1,860	Upgrade
Operating Cash Flow Growth	-52.24%	-22.43%	118.92%	231.35%	-90.05%	344.98%	Upgrade
Capital Expenditures	-260	-278	-279	-287	-248	-177	Upgrade
Cash Acquisitions	-52	-213	-28	-	-61	-1,042	Upgrade
Investing Cash Flow	-312	-491	-307	-287	-294	-1,140	Upgrade
Long-Term Debt Issued	-	400	400	300	-	398	Upgrade
Total Debt Repaid	-420	-24	-420	-270	-22	-19	Upgrade
Net Debt Issued (Repaid)	-20	376	-20	30	-22	379	Upgrade
Issuance of Common Stock	24	369	12	266	28	7	Upgrade
Repurchases of Common Stock	-309	-609	-462	-213	-8	-4	Upgrade
Common Dividends Paid	-330	-322	-304	-277	-224	-208	Upgrade
Total Dividends Paid	-330	-322	-304	-277	-224	-208	Upgrade
Other Financing Activities	-228	-211	-235	-331	-68	-63	Upgrade
Financing Cash Flow	-468	-397	-1,009	-525	-294	111	Upgrade
Foreign Exchange Rate Adjustments	7	34	-5	11	-	10	Upgrade
Net Cash Flow	217	187	21	-188	-403	841	Upgrade
Free Cash Flow	730	763	1,063	326	-63	1,683	Upgrade
Free Cash Flow Growth	-59.74%	-28.22%	226.07%	-	-	527.99%	Upgrade
Free Cash Flow Margin	8.63%	9.66%	15.73%	4.88%	-0.41%	9.55%	Upgrade
Free Cash Flow Per Share	7.77	7.95	10.32	3.05	-0.58	15.73	Upgrade
Cash Interest Paid	66	58	59	48	46	41	Upgrade
Cash Income Tax Paid	373	508	293	262	215	165	Upgrade
Levered Free Cash Flow	-66.5	394.88	1,078	1,055	2,105	-208.63	Upgrade
Unlevered Free Cash Flow	-28.38	433	1,114	1,087	2,147	-165.5	Upgrade
Change in Working Capital	1,781	1,759	2,791	1,601	-182	5,007	Upgrade

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.