10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Oct 3, 2020 10-K (Filed: Nov 25, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 3, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Revenues | $ 65,388 | 69,607 | 59,434 |
| Selling, general, administrative and other | (12,369) | (11,549) | (8,860) |
| Depreciation and amortization | (5,345) | (4,167) | (3,011) |
| Total costs and expenses | (61,594) | (57,777) | (44,597) |
| Restructuring and impairment charges | (5,735) | (1,183) | (33) |
| Other income, net | 1,038 | 4,357 | 601 |
| Interest expense, net | (1,491) | (978) | (574) |
| Equity in the income (loss) of investees | 651 | (103) | (102) |
| Income (loss) from continuing operations before income taxes | (1,743) | 13,923 | 14,729 |
| Income taxes on continuing operations | (699) | (3,026) | (1,663) |
| Net income (loss) from continuing operations | (2,442) | 10,897 | 13,066 |
| Income (loss) from discontinued operations, net of income tax benefit (expense) of $10, ($39) and $0, respectively | (32) | 687 | 0 |
| Net income (loss) | (2,474) | 11,584 | 13,066 |
| Net income from continuing operations attributable to noncontrolling and redeemable noncontrolling interests | (390) | (472) | (468) |
| Net income from discontinued operations attributable to noncontrolling interests | 0 | 58 | 0 |
| Net income (loss) attributable to The Walt Disney Company (Disney) | (2,864) | 11,054 | 12,598 |
| Earnings per share attributable to Disney | |||
| Continuing Operations, Per Diluted Share | (1.57) | 6.26 | 8.36 |
| Discontinued Operation, Per Diluted Share | (0.02) | 0.38 | 0.00 |
| Diluted | (1.58) [1] | 6.64 | 8.36 |
| Continuing Operations, Per Basic Share | (1.57) | 6.30 | 8.40 |
| Discontinued Operation, Per Basic Share | (0.02) | 0.38 | 0.00 |
| Basic | (1.58) | 6.68 | 8.40 |
| Weighted average number of common and common equivalent shares outstanding: | |||
| Diluted (shares) | 1,808 | 1,666 | 1,507 |
| Basic (shares) | 1,808 | 1,656 | 1,499 |
| Product and Service | |||
| Service | |||
| Revenues | 59,265 | 60,579 | 50,869 |
| Cost of Goods and Services Sold | (39,406) | (36,493) | (27,528) |
| Product | |||
| Revenues | 6,123 | 9,028 | 8,565 |
| Cost of Goods and Services Sold | (4,474) | (5,568) | (5,198) |
| [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: 2020 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Oct 3, 2020 10-K (Filed: Nov 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 3, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Net income (loss) | $ (2,474) | 11,584 | 13,066 |
| Other comprehensive income (loss), net of tax: | |||
| Market value adjustments, primarily for hedges | (251) | (37) | 214 |
| Pension and postretirement medical plan adjustments | (1,476) | (2,446) | 434 |
| Foreign currency translation and other | 115 | (396) | (289) |
| Other comprehensive income (loss) | (1,612) | (2,879) | 359 |
| Comprehensive income (loss) | (4,086) | 8,705 | 13,425 |
| Net income from continuing operations attributable to noncontrolling interests | (390) | (530) | (468) |
| Other comprehensive income (loss) attributable to noncontrolling interests | (93) | 65 | 72 |
| Comprehensive income (loss) attributable to Disney | (4,569) | 8,240 | 13,029 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Oct 3, 2020 10-K (Filed: Nov 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 3, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Net income (loss) from continuing operations | $ (2,442) | 10,897 | 13,066 |
| OPERATING ACTIVITIES | |||
| Depreciation and amortization | 5,345 | 4,167 | 3,011 |
| Goodwill and Intangible Asset Impairment | 4,953 | 0 | 0 |
| Net gain on investments, acquisitions and dispositions | (920) | (4,733) | (560) |
| Deferred income taxes | (392) | 117 | (1,573) |
| Equity in the (income) loss of investees | (651) | 103 | 102 |
| Cash distributions received from equity investees | 774 | 754 | 775 |
| Net change in produced and licensed content costs and advances | 397 | (542) | (523) |
| Net change in operating lease right of use assets / liabilities | 31 | 0 | 0 |
| Equity-based compensation | 525 | 711 | 393 |
| Other | 641 | 154 | 441 |
| Changes in operating assets and liabilities, net of business acquisitions: | |||
| Receivables | 1,943 | 55 | (720) |
| Inventories | 14 | (223) | (17) |
| Other assets | (157) | 932 | (927) |
| Accounts payable and other liabilities | (2,293) | 191 | 235 |
| Income taxes | (152) | (6,599) | 592 |
| Cash provided by operations - continuing operations | 7,616 | 5,984 | 14,295 |
| INVESTING ACTIVITIES | |||
| Investments in parks, resorts and other property | (4,022) | (4,876) | (4,465) |
| Acquisitions | 0 | (9,901) | (1,581) |
| Other | 172 | (319) | 710 |
| Cash used in investing activities - continuing operations | (3,850) | (15,096) | (5,336) |
| FINANCING ACTIVITIES | |||
| Commercial paper borrowings (payments), net | (3,354) | 4,318 | (1,768) |
| Borrowings | 18,120 | 38,240 | 1,056 |
| Reduction of borrowings | (3,533) | (38,881) | (1,871) |
| Dividends | (1,587) | (2,895) | (2,515) |
| Repurchases of common stock | 0 | 0 | (3,577) |
| Proceeds from exercise of stock options | 305 | 318 | 210 |
| Contributions from/sales of noncontrolling interests | 94 | 737 | 399 |
| Acquisitions of noncontrolling and redeemable noncontrolling interests | 0 | (1,430) | 0 |
| Other | (1,565) | (871) | (777) |
| Cash used in financing activities - continuing operations | 8,480 | (464) | (8,843) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Cash Provided by Operating Activities, Discontinued Operations | 2 | 622 | 0 |
| Cash Provided by Investing Activities, Discontinued Operations | 213 | 10,978 | 0 |
| Cash Used in Financing Activities, Discontinued Operations | 0 | (626) | 0 |
| Cash provided by discontinued operations | 215 | 10,974 | 0 |
| Impact of exchange rates on cash, cash equivalents and restricted cash | 38 | (98) | (25) |
| Change in Cash, Cash Equivalents and Restricted Cash | 12,499 | 1,300 | 91 |
| Cash, cash equivalents and restricted cash, beginning of year | 5,455 | 4,155 | |
| Cash, cash equivalents and restricted cash, end of year | 17,954 | 5,455 | 4,155 |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid | 1,559 | 1,142 | 631 |
| Income taxes paid | 738 | 9,259 | 2,503 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WALT DISNEY CO | ||
Ticker: DIS Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Oct 3, 2020 10-K (Filed: Nov 25, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 3, 2020 | Sept 28, 2019 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 17,914 | 5,418 |
| Receivables | 12,708 | 15,481 |
| Inventories | 1,583 | 1,649 |
| Licensed content costs and advances | 2,171 | 4,597 |
| Other current assets | 875 | 979 |
| Total current assets | 35,251 | 28,124 |
| Produced and licensed content costs | 25,022 | 22,810 |
| Investments | 3,903 | 3,224 |
| Attractions, buildings and equipment | 62,111 | 58,589 |
| Accumulated depreciation | (35,517) | (32,415) |
| Parks, resorts and other property, before projects in progress and land, Total | 26,594 | 26,174 |
| Projects in progress | 4,449 | 4,264 |
| Land | 1,035 | 1,165 |
| Parks, resorts and other property | 32,078 | 31,603 |
| Intangible assets, net | 19,173 | 23,215 |
| Goodwill | 77,689 | 80,293 |
| Other assets | 8,433 | 4,715 |
| Total assets | 201,549 | 193,984 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities | 16,801 | 17,762 |
| Current portion of borrowings | 5,711 | 8,857 |
| Deferred revenue and other | 4,116 | 4,722 |
| Total current liabilities | 26,628 | 31,341 |
| Borrowings | 52,917 | 38,129 |
| Deferred income taxes | 7,288 | 7,902 |
| Other long-term liabilities | 17,204 | 13,760 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interest | 9,249 | 8,963 |
| Equity | ||
| Preferred stock | 0 | 0 |
| Common stock, $.01 par value, Authorized 4.6 billion shares, Issued 1.8 billion shares | 54,497 | 53,907 |
| Retained earnings | 38,315 | 42,494 |
| Accumulated other comprehensive loss | (8,322) | (6,617) |
| Treasury stock, at cost, 19 million shares | (907) | (907) |
| Total Disney Shareholders equity | 83,583 | 88,877 |
| Noncontrolling interests | 4,680 | 5,012 |
| Total equity | 88,263 | 93,889 |
| Total liabilities and equity | 201,549 | 193,984 |
| External Links | |
| WALT DISNEY CO (DIS) Fiscal Year 2020 | |
| 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 |