For the year ending 2025-12-31, PSKY had -$577M decrease in cash & cash equivalents over the period. $323M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net earnings (loss) from continuing operations | -540 |
| Programming charges | 41 |
| Depreciation and amortization | 590 |
| Impairment charges | 0 |
| Amortization of content costs and participation and residuals expense | 6,026 |
| Deferred tax benefit | -115 |
| Stock-based compensation | 160 |
| Gain on dispositions | 0 |
| (gain) loss from investments | -40 |
| Gain on extinguishment of debt | 0 |
| Equity in loss of investee companies, net of tax and distributions | -105 |
| (increase) decrease in receivables | 340 |
| Increase in inventory and related program, participation, and residuals liabilities | 5,955 |
| Increase (decrease) in accounts payable and other liabilities | 514 |
| (decrease) increase in pension and postretirement benefit obligations | -97 |
| Increase in income taxes | 5 |
| Other, net | -51 |
| Net cash flow provided by operating activities from continuing operations | 485 |
| Net cash flow provided by operating activities from discontinued operations | 0 |
| Net cash flow provided by operating activities | 485 |
| Investments | 33 |
| Capital expenditures | 162 |
| Acquisitions, net of cash acquired | 60 |
| Proceeds from dispositions | 95 |
| Other investing activities | 0 |
| Net cash flow used for investing activities from continuing operations | -160 |
| Net cash flow provided by investing activities from discontinued operations | 0 |
| Net cash flow (used for) provided by investing activities | -160 |
| Proceeds from issuance of debt | 0 |
| Repayment of debt | 0 |
| Repayment of skydance credit facility | 720 |
| Dividends paid on preferred stock | 0 |
| Dividends paid on common stock | 90 |
| Payment of payroll taxes in lieu of issuing shares for stock-based compensation | 92 |
| Payments to noncontrolling interests | 5 |
| Other financing activities | -4 |
| Net cash flow used for financing activities | -911 |
| Effect of exchange rate changes on cash and cash equivalents | 9 |
| Net (decrease) increase in cash and cash equivalents | -577 |
| Cash and cash equivalents at beginning of period (note 19) | 3,851 |
| Cash and cash equivalents at end of period (note 19) | 3,274 |
Paramount Skydance Corp (PSKY)
Paramount Skydance Corp (PSKY)