10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO/ | |||
Ticker: DIS Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Sept 27, 2014 10-K (Filed: Nov 19, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| Services Revenue | $ 40,246 | 37,280 | 34,625 |
| Products Revenue | 8,567 | 7,761 | 7,653 |
| Total revenues | 48,813 | 45,041 | 42,278 |
| Cost of services (exclusive of depreciation and amortization) | (21,356) | (20,090) | (18,625) |
| Cost of products (exclusive of depreciation and amortization) | (5,064) | (4,944) | (4,843) |
| Selling, general, administrative and other | (8,565) | (8,365) | (7,960) |
| Depreciation and amortization | (2,288) | (2,192) | (1,987) |
| Total costs and expenses | (37,273) | (35,591) | (33,415) |
| Restructuring and impairment charges | (140) | (214) | (100) |
| Other income/(expense), net | (31) | (69) | 239 |
| Interest income/(expense), net | 23 | (235) | (369) |
| Equity in the income of investees | 854 | 688 | 627 |
| Income before income taxes | 12,246 | 9,620 | 9,260 |
| Income taxes | (4,242) | (2,984) | (3,087) |
| Net income | 8,004 | 6,636 | 6,173 |
| Less: Net income attributable to noncontrolling interests | (503) | (500) | (491) |
| Net income attributable to The Walt Disney Company (Disney) | 7,501 | 6,136 | 5,682 |
| Earnings per share attributable to Disney: | |||
| Earnings Per Share, Diluted (usd per share) | 4.26 | 3.38 | 3.13 |
| Earnings Per Share, Basic (usd per share) | 4.31 | 3.42 | 3.17 |
| Weighted average number of common and common equivalent shares outstanding: | |||
| Diluted (shares) | 1,759 | 1,813 | 1,818 |
| Basic (shares) | 1,740 | 1,792 | 1,794 |
| Dividends Declared Per Share (usd per share) | 0.86 | 0.75 | 0.60 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO/ | |||
Ticker: DIS Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 27, 2014 10-K (Filed: Nov 19, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| Net Income | $ 8,004 | 6,636 | 6,173 |
| Other comprehensive income (loss), net of tax: | |||
| Market value adjustments for investments | 5 | 92 | (3) |
| Market value adjustments for hedges | 121 | 135 | 2 |
| Pension and postretirement medical plan adjustments | (925) | 1,963 | (609) |
| Foreign currency translation and other | (18) | (80) | (41) |
| Other comprehensive income (loss) | (817) | 2,110 | (651) |
| Comprehensive income | 7,187 | 8,746 | 5,522 |
| Less: Net income attributable to noncontrolling interests | (503) | (500) | (491) |
| Less: Other comprehensive (income) loss attributable to noncontrolling interests | 36 | (31) | 15 |
| Comprehensive income attributable to Disney | 6,720 | 8,215 | 5,046 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO/ | |||
Ticker: DIS Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2014 10-K (Filed: Nov 19, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| OPERATING ACTIVITIES | |||
| Net Income | $ 8,004 | 6,636 | 6,173 |
| Depreciation and amortization | 2,288 | 2,192 | 1,987 |
| Gains on sales of investments, dispositions and acquisitions | (299) | (325) | (198) |
| Deferred income taxes | 517 | 92 | 472 |
| Equity in the income of investees | (854) | (688) | (627) |
| Cash distributions received from equity investees | 718 | 694 | 663 |
| Net change in film and television costs and advances | (964) | (49) | (52) |
| Equity-based compensation | 408 | 402 | 408 |
| Other Operating Activities, Cash Flow Statement | 234 | 395 | 231 |
| Changes in operating assets and liabilities: | |||
| Receivables | (480) | (374) | (108) |
| Inventories | (81) | 51 | 18 |
| Other assets | (151) | (30) | (151) |
| Accounts payable and other accrued liabilities | 536 | 367 | (608) |
| Income taxes | (96) | 89 | (242) |
| Cash provided by operations | 9,780 | 9,452 | 7,966 |
| INVESTING ACTIVITIES | |||
| Investments in parks, resorts and other property | (3,311) | (2,796) | (3,784) |
| Sales of investments/proceeds from dispositions | 395 | 479 | 110 |
| Acquisitions | (402) | (2,443) | (1,088) |
| Other | (27) | 84 | 3 |
| Cash used in investing activities | (3,345) | (4,676) | (4,759) |
| FINANCING ACTIVITIES | |||
| Commercial paper borrowings/(repayments), net | 50 | (2,050) | 467 |
| Borrowings | 2,231 | 3,931 | 3,779 |
| Reduction of borrowings | (1,648) | (1,502) | (3,822) |
| Dividends | (1,508) | (1,324) | (1,076) |
| Repurchases of common stock | (6,527) | (4,087) | (3,015) |
| Proceeds from exercise of stock options | 404 | 587 | 1,008 |
| Other | 288 | 231 | (326) |
| Cash used in financing activities | (6,710) | (4,214) | (2,985) |
| Impact of exchange rates on cash and cash equivalents | (235) | (18) | (20) |
| (Decrease)/increase in cash and cash equivalents | (510) | 544 | 202 |
| Cash and cash equivalents, beginning of year | 3,931 | 3,387 | |
| Cash and cash equivalents, end of year | 3,421 | 3,931 | 3,387 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 310 | 316 | 718 |
| Income taxes paid | 3,483 | 2,531 | 2,630 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WALT DISNEY CO/ | ||
Ticker: DIS Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2014 10-K (Filed: Nov 19, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2014 | Sept 28, 2013 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,421 | 3,931 |
| Receivables | 7,822 | 6,967 |
| Inventories | 1,574 | 1,487 |
| Television costs and advances | 1,061 | 634 |
| Deferred income taxes | 497 | 485 |
| Other current assets | 801 | 605 |
| Total current assets | 15,176 | 14,109 |
| Film and television costs | 5,325 | 4,783 |
| Investments | 2,696 | 2,849 |
| Attractions, buildings and equipment | 42,263 | 41,192 |
| Accumulated depreciation | (23,722) | (22,459) |
| Parks, resorts and other property, before projects in progress and land, Total | 18,541 | 18,733 |
| Projects in progress | 3,553 | 2,476 |
| Land | 1,238 | 1,171 |
| Parks, resorts and other property | 23,332 | 22,380 |
| Intangible assets, net | 7,434 | 7,370 |
| Goodwill | 27,881 | 27,324 |
| Other assets | 2,342 | 2,426 |
| Total assets | 84,186 | 81,241 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities | 7,595 | 6,803 |
| Current portion of borrowings | 2,164 | 1,512 |
| Unearned royalties and other advances | 3,533 | 3,389 |
| Total current liabilities | 13,292 | 11,704 |
| Borrowings | 12,676 | 12,776 |
| Deferred income taxes | 4,098 | 4,050 |
| Other long-term liabilities | 5,942 | 4,561 |
| Commitments and contingencies (Note 14) | ||
| Equity | ||
| Preferred stock, $.01 par value Authorized 100 million shares, Issued none | 0 | 0 |
| Common stock, $.01 par value Authorized 4.6 billion shares, Issued 2.8 billion shares | 34,301 | 33,440 |
| Retained earnings | 53,734 | 47,758 |
| Accumulated other comprehensive loss | (1,968) | (1,187) |
| Stockholders' Equity subtotal before Treasury Stock, Total | 86,067 | 80,011 |
| Treasury stock, at cost, 1.1 billion shares at September 27, 2014 and 1.0 billion shares at September 28, 2013 | (41,109) | (34,582) |
| Total Disney Shareholders equity | 44,958 | 45,429 |
| Noncontrolling interests | 3,220 | 2,721 |
| Total equity | 48,178 | 48,150 |
| Total liabilities and equity | 84,186 | 81,241 |
| External Links | |
| WALT DISNEY CO/ (DIS) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |