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: 2019 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Sept 28, 2019 10-K (Filed: Nov 20, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Revenues | $ 69,570 | 59,434 | 55,137 |
| Selling, general, administrative and other | (11,541) | (8,860) | (8,176) |
| Depreciation and amortization | (4,160) | (3,011) | (2,782) |
| Total costs and expenses | (57,719) | (44,597) | (41,264) |
| Restructuring and impairment charges | (1,183) | (33) | (98) |
| Other income, net | 4,357 | 601 | 78 |
| Interest expense, net | (978) | (574) | (385) |
| Equity in the income (loss) of investees, net | (103) | (102) | 320 |
| Income from continuing operations before income taxes | 13,944 | 14,729 | 13,788 |
| Income taxes from continuing operations | (3,031) | (1,663) | (4,422) |
| Net income from continuing operations | 10,913 | 13,066 | 9,366 |
| Income from discontinued operations (includes income tax expense of $35, $0 and $0, respectively) | 671 | 0 | 0 |
| Net income | 11,584 | 13,066 | 9,366 |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest | (472) | (468) | (386) |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | 58 | 0 | 0 |
| Net income attributable to The Walt Disney Company (Disney) | 11,054 | 12,598 | 8,980 |
| Earnings per share attributable to Disney: | |||
| Continuing Operations, Per Diluted Share | 6.27 | 8.36 | 5.69 |
| Discontinued Operation, Per Diluted Share | 0.37 | 0.00 | 0.00 |
| Diluted | 6.64 [1] | 8.36 | 5.69 |
| Continuing Operations, Per Basic Share | 6.30 | 8.40 | 5.73 |
| Discontinued Operation, Per Basic Share | 0.37 | 0.00 | 0.00 |
| Basic | 6.68 | 8.40 | 5.73 |
| Weighted average number of common and common equivalent shares outstanding: | |||
| Diluted (shares) | 1,666 | 1,507 | 1,578 |
| Basic (shares) | 1,656 | 1,499 | 1,568 |
| Product and Service | |||
| Service | |||
| Revenues | 60,542 | 50,869 | 46,843 |
| Cost of Goods and Services Sold | 36,450 | 27,528 | 25,320 |
| Product | |||
| Revenues | 9,028 | 8,565 | 8,294 |
| Cost of Goods and Services Sold | 5,568 | 5,198 | 4,986 |
| [1] Total may not equal the sum of the column due to rounding. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 28, 2019 10-K (Filed: Nov 20, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Net income | $ 11,584 | 13,066 | 9,366 |
| Other comprehensive income/(loss), net of tax: | |||
| Market value adjustments for investments | (2) | 7 | (18) |
| Market value adjustments for hedges | (35) | 207 | (37) |
| Pension and postretirement medical plan adjustments | (2,446) | 434 | 584 |
| Foreign currency translation and other | (396) | (289) | (103) |
| Other comprehensive income/(loss) | (2,879) | 359 | 426 |
| Comprehensive income | 8,705 | 13,425 | 9,792 |
| Net income attributable to noncontrolling and redeemable noncontrolling interests | (530) | (468) | (386) |
| Other comprehensive income attributable to noncontrolling and redeemable noncontrolling interests | 65 | 72 | 25 |
| Comprehensive income attributable to Disney | 8,240 | 13,029 | 9,431 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 28, 2019 10-K (Filed: Nov 20, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Net income from continuing operations | $ 10,913 | 13,066 | 9,366 |
| OPERATING ACTIVITIES | |||
| Depreciation and amortization | 4,160 | 3,011 | 2,782 |
| Gain on acquisition | (4,794) | (560) | (289) |
| Deferred income taxes | 117 | (1,573) | 334 |
| Equity in the (income) / loss of investees | 103 | 102 | (320) |
| Cash distributions received from equity investees | 754 | 775 | 788 |
| Net change in film and television costs and advances | (542) | (523) | (1,075) |
| Equity-based compensation | 711 | 393 | 364 |
| Other | 206 | 441 | 503 |
| Changes in operating assets and liabilities, net of business acquisitions: | |||
| Receivables | 55 | (720) | 107 |
| Inventories | (223) | (17) | (5) |
| Other assets | 932 | (927) | (52) |
| Accounts payable and other accrued liabilities | 191 | 235 | (368) |
| Income taxes | (6,599) | 592 | 208 |
| Cash provided by operations - continuing operations | 5,984 | 14,295 | 12,343 |
| INVESTING ACTIVITIES | |||
| Investments in parks, resorts and other property | (4,876) | (4,465) | (3,623) |
| Acquisitions | (9,901) | (1,581) | (417) |
| Other | (319) | 710 | (71) |
| Cash used in investing activities - continuing operations | (15,096) | (5,336) | (4,111) |
| FINANCING ACTIVITIES | |||
| Commercial paper borrowings/(payments), net | 4,318 | (1,768) | 1,247 |
| Borrowings | 38,240 | 1,056 | 4,820 |
| Reduction of borrowings | (38,881) | (1,871) | (2,364) |
| Dividends | (2,895) | (2,515) | (2,445) |
| Repurchases of common stock | 0 | (3,577) | (9,368) |
| Proceeds from exercise of stock options | 318 | 210 | 276 |
| Contributions from/sales of noncontrolling interests | 737 | 399 | 17 |
| Acquisitions of noncontrolling and redeemable noncontrolling interests | (1,430) | 0 | 0 |
| Other | (871) | (777) | (1,142) |
| Cash used in financing activities - continuing operations | (464) | (8,843) | (8,959) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | 622 | 0 | 0 |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | 10,978 | 0 | 0 |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | (626) | 0 | 0 |
| Cash used in discontinued operations | 10,974 | 0 | 0 |
| Impact of exchange rates on cash, cash equivalents and restricted cash | (98) | (25) | 31 |
| Change in Cash, Cash Equivalents and Restricted Cash | 1,300 | 91 | (696) |
| Cash, cash equivalents and restricted cash, beginning of year | 4,155 | 4,064 | |
| Cash, cash equivalents and restricted cash, end of year | 5,455 | 4,155 | 4,064 |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | 1,142 | 631 | 466 |
| Income taxes paid | 9,259 | 2,503 | 3,801 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WALT DISNEY CO | ||
Ticker: DIS Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 28, 2019 10-K (Filed: Nov 20, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 28, 2019 | Sept 29, 2018 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 5,418 | 4,150 |
| Receivables | 15,481 | 9,334 |
| Inventories | 1,649 | 1,392 |
| Television costs and advances | 4,597 | 1,314 |
| Other current assets | 979 | 635 |
| Total current assets | 28,124 | 16,825 |
| Film and television costs | 22,810 | 7,888 |
| Investments | 3,224 | 2,899 |
| Attractions, buildings and equipment | 58,589 | 55,238 |
| Accumulated depreciation | (32,415) | (30,764) |
| Parks, resorts and other property, before projects in progress and land, Total | 26,174 | 24,474 |
| Projects in progress | 4,264 | 3,942 |
| Land | 1,165 | 1,124 |
| Parks, resorts and other property | 31,603 | 29,540 |
| Intangible assets, net | 23,215 | 6,812 |
| Goodwill | 80,293 | 31,269 |
| Other assets | 4,715 | 3,365 |
| Total assets | 193,984 | 98,598 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities | 17,762 | 10,518 |
| Current portion of borrowings | 8,857 | 3,790 |
| Deferred revenue and other | 4,722 | 4,591 |
| Total current liabilities | 31,341 | 17,860 |
| Borrowings | 38,129 | 17,084 |
| Deferred income taxes | 7,902 | 3,075 |
| Other long-term liabilities | 13,760 | 6,590 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interest | 8,963 | 1,123 |
| Equity | ||
| Preferred stock | 0 | 0 |
| Common stock, $.01 par value, Authorized 4.6 billion shares, Issued 1.8 billion shares at September 28, 2019 and 2.9 billion shares at September 29, 2018 | 53,907 | 36,779 |
| Retained earnings | 42,494 | 82,679 |
| Accumulated other comprehensive loss | (6,617) | (3,097) |
| Treasury stock, at cost, 19 million shares at September 28, 2019 and 1.4 billion shares at September 29, 2018 | (907) | (67,588) |
| Total Disney Shareholders equity | 88,877 | 48,773 |
| Noncontrolling interests | 5,012 | 4,059 |
| Total equity | 93,889 | 52,716 |
| Total liabilities and equity | 193,984 | 98,598 |
| External Links | |
| WALT DISNEY CO (DIS) Fiscal Year 2019 | |
| 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 |