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: 2021 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Oct 2, 2021 10-K (Filed: Nov 24, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2021 | Oct 3, 2020 | Sept 28, 2019 | |
| Revenues | $ 67,418 | 65,388 | 69,607 |
| Selling, general, administrative and other | (13,517) | (12,369) | (11,549) |
| Depreciation and amortization | (5,111) | (5,345) | (4,167) |
| Total costs and expenses | (63,759) | (61,594) | (57,777) |
| Restructuring and impairment charges | (654) | (5,735) | (1,183) |
| Other income, net | 201 | 1,038 | 4,357 |
| Interest expense, net | (1,406) | (1,491) | (978) |
| Equity in the income (loss) of investees | 761 | 651 | (103) |
| Total income (loss) from continuing operations | 2,561 | (1,743) | 13,923 |
| Income taxes on continuing operations | (25) | (699) | (3,026) |
| Net income (loss) from continuing operations | 2,536 | (2,442) | 10,897 |
| Income (loss) from discontinued operations, net of income tax benefit (expense) of $9, $10 and ($39), respectively | (29) | (32) | 687 |
| Net income (loss) | 2,507 | (2,474) | 11,584 |
| Net income from continuing operations attributable to noncontrolling and redeemable noncontrolling interests | (512) | (390) | (472) |
| Net income from discontinued operations attributable to noncontrolling interests | 0 | 0 | 58 |
| Net income (loss) attributable to The Walt Disney Company (Disney) | 1,995 | (2,864) | 11,054 |
| Earnings per share attributable to Disney | |||
| Continuing Operations, Per Diluted Share | 1.11 | (1.57) | 6.26 |
| Discontinued Operation, Per Diluted Share | (0.02) | (0.02) | 0.38 |
| Diluted | 1.09 [1] | (1.58) | 6.64 |
| Continuing Operations, Per Basic Share | 1.11 | (1.57) | 6.30 |
| Discontinued Operation, Per Basic Share | (0.02) | (0.02) | 0.38 |
| Basic | 1.10 | (1.58) | 6.68 |
| Weighted average number of common and common equivalent shares outstanding: | |||
| Diluted (shares) | 1,828 | 1,808 | 1,666 |
| Basic (shares) | 1,816 | 1,808 | 1,656 |
| Product and Service | |||
| Service | |||
| Revenues | 61,768 | 59,265 | 60,579 |
| Cost of Goods and Services Sold | (41,129) | (39,406) | (36,493) |
| Product | |||
| Revenues | 5,650 | 6,123 | 9,028 |
| Cost of Goods and Services Sold | (4,002) | (4,474) | (5,568) |
| [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: 2021 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Oct 2, 2021 10-K (Filed: Nov 24, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2021 | Oct 3, 2020 | Sept 28, 2019 | |
| Net income (loss) | $ 2,507 | (2,474) | 11,584 |
| Other comprehensive income (loss), net of tax: | |||
| Market value adjustments, primarily for hedges | 41 | (251) | (37) |
| Pension and postretirement medical plan adjustments | 1,850 | (1,476) | (2,446) |
| Foreign currency translation and other | 77 | 115 | (396) |
| Other comprehensive income (loss) | 1,968 | (1,612) | (2,879) |
| Comprehensive income (loss) | 4,475 | (4,086) | 8,705 |
| Net income from continuing operations attributable to noncontrolling interests | (512) | (390) | (530) |
| Other comprehensive income (loss) attributable to noncontrolling interests | (86) | (93) | 65 |
| Comprehensive income (loss) attributable to Disney | 3,877 | (4,569) | 8,240 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Oct 2, 2021 10-K (Filed: Nov 24, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2021 | Oct 3, 2020 | Sept 28, 2019 | |
| Net income (loss) from continuing operations | $ 2,536 | (2,442) | 10,897 |
| OPERATING ACTIVITIES | |||
| Depreciation and amortization | 5,111 | 5,345 | 4,167 |
| Goodwill and intangible asset impairments | 0 | 4,953 | 0 |
| Net gain on investments, acquisitions and dispositions | (332) | (920) | (4,733) |
| Deferred income taxes | (1,241) | (392) | 117 |
| Equity in the (income) loss of investees | (761) | (651) | 103 |
| Cash distributions received from equity investees | 754 | 774 | 754 |
| Net change in produced and licensed content costs and advances | (4,301) | 397 | (542) |
| Net change in operating lease right of use assets / liabilities | 46 | 31 | 0 |
| Equity-based compensation | 600 | 525 | 711 |
| Pension and Postretirement Medical Amortization | 816 | 547 | 278 |
| Other, net | 144 | 94 | (124) |
| Changes in operating assets and liabilities, net of business acquisitions: | |||
| Receivables | (357) | 1,943 | 55 |
| Inventories | 252 | 14 | (223) |
| Other assets | 171 | (157) | 932 |
| Accounts payable and other liabilities | 2,410 | (2,293) | 191 |
| Income taxes | (282) | (152) | (6,599) |
| Cash provided by operations - continuing operations | 5,566 | 7,616 | 5,984 |
| INVESTING ACTIVITIES | |||
| Investments in parks, resorts and other property | (3,578) | (4,022) | (4,876) |
| Acquisitions | 0 | 0 | (9,901) |
| Other | 407 | 172 | (319) |
| Cash used in investing activities - continuing operations | (3,171) | (3,850) | (15,096) |
| FINANCING ACTIVITIES | |||
| Commercial paper borrowings (payments), net | (26) | (3,354) | 4,318 |
| Borrowings | 64 | 18,120 | 38,240 |
| Reduction of borrowings | (3,737) | (3,533) | (38,881) |
| Dividends | 0 | (1,587) | (2,895) |
| Proceeds from exercise of stock options | 435 | 305 | 318 |
| Contributions from / sales of noncontrolling interests | 91 | 94 | 737 |
| Acquisition of noncontrolling and redeemable noncontrolling interests | (350) | 0 | (1,430) |
| Other | (862) | (1,565) | (871) |
| Cash provided by (used in) financing activities - continuing operations | (4,385) | 8,480 | (464) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Cash provided by operations - discontinued operations | 1 | 2 | 622 |
| Cash provided by investing activities - discontinued operations | 8 | 213 | 10,978 |
| Cash used in financing activities - discontinued operations | 0 | 0 | (626) |
| Cash provided by discontinued operations | 9 | 215 | 10,974 |
| Impact of exchange rates on cash, cash equivalents and restricted cash | 30 | 38 | (98) |
| Change in Cash, Cash Equivalents and Restricted Cash | (1,951) | 12,499 | 1,300 |
| Cash, cash equivalents and restricted cash, beginning of year | 17,954 | 5,455 | |
| Cash, cash equivalents and restricted cash, end of year | 16,003 | 17,954 | 5,455 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 1,892 | 1,559 | 1,142 |
| Income taxes paid | 1,638 | 738 | 9,259 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WALT DISNEY CO | ||
Ticker: DIS Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Oct 2, 2021 10-K (Filed: Nov 24, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 2, 2021 | Oct 3, 2020 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 15,959 | 17,914 |
| Receivables, net | 13,367 | 12,708 |
| Inventories | 1,331 | 1,583 |
| Content advances | 2,183 | 2,171 |
| Other current assets | 817 | 875 |
| Total current assets | 33,657 | 35,251 |
| Produced and licensed content costs | 29,549 | 25,022 |
| Investments | 3,935 | 3,903 |
| Attractions, buildings and equipment | 64,892 | 62,111 |
| Accumulated depreciation | (37,920) | (35,517) |
| Parks, resorts and other property, before projects in progress and land, Total | 26,972 | 26,594 |
| Projects in progress | 4,521 | 4,449 |
| Land | 1,131 | 1,035 |
| Parks, resorts and other property | 32,624 | 32,078 |
| Intangible assets, net | 17,115 | 19,173 |
| Goodwill | 78,071 | 77,689 |
| Other assets | 8,658 | 8,433 |
| Total assets | 203,609 | 201,549 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities | 20,894 | 16,801 |
| Current portion of borrowings | 5,866 | 5,711 |
| Deferred revenue and other | 4,317 | 4,116 |
| Total current liabilities | 31,077 | 26,628 |
| Borrowings - long-term | 48,540 | 52,917 |
| Deferred income taxes | 7,246 | 7,288 |
| Other long-term liabilities | 14,522 | 17,204 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interest | 9,213 | 9,249 |
| Equity | ||
| Preferred stock | 0 | 0 |
| Common stock, $0.01 par value, Authorized 4.6 billion shares, Issued 1.8 billion shares | 55,471 | 54,497 |
| Retained earnings | 40,429 | 38,315 |
| Accumulated other comprehensive loss | (6,440) | (8,322) |
| Treasury stock, at cost, 19 million shares | (907) | (907) |
| Total Disney Shareholders equity | 88,553 | 83,583 |
| Noncontrolling interests | 4,458 | 4,680 |
| Total equity | 93,011 | 88,263 |
| Total liabilities and equity | 203,609 | 201,549 |
| External Links | |
| WALT DISNEY CO (DIS) Fiscal Year 2021 | |
| 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 |