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: 2022 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Oct 1, 2022 10-K (Filed: Nov 29, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | |
| Revenues | $ 82,722 | 67,418 | 65,388 |
| Selling, general, administrative and other | (16,388) | (13,517) | (12,369) |
| Depreciation and amortization | (5,163) | (5,111) | (5,345) |
| Total costs and expenses | (75,952) | (63,759) | (61,594) |
| Restructuring and impairment charges | (237) | (654) | (5,735) |
| Other income (expense), net | (667) | 201 | 1,038 |
| Interest expense, net | (1,397) | (1,406) | (1,491) |
| Equity in the income of investees | 816 | 761 | 651 |
| Total income (loss) from continuing operations | 5,285 | 2,561 | (1,743) |
| Income taxes on continuing operations | (1,732) | (25) | (699) |
| Net income (loss) from continuing operations | 3,553 | 2,536 | (2,442) |
| Loss from discontinued operations, net of income tax benefit of $14, $9 and $10, respectively | (48) | (29) | (32) |
| Net income (loss) | 3,505 | 2,507 | (2,474) |
| Net income from continuing operations attributable to noncontrolling and redeemable noncontrolling interests | (360) | (512) | (390) |
| Net income (loss) attributable to The Walt Disney Company (Disney) | 3,145 | 1,995 | (2,864) |
| Earnings per share attributable to Disney | |||
| Continuing Operations, Per Diluted Share | 1.75 | 1.11 | (1.57) |
| Discontinued Operation, Per Diluted Share | (0.03) | (0.02) | (0.02) |
| Diluted | 1.72 [1] | 1.09 | (1.58) |
| Continuing Operations, Per Basic Share | 1.75 | 1.11 | (1.57) |
| Discontinued Operation, Per Basic Share | (0.03) | (0.02) | (0.02) |
| Basic | 1.73 | 1.10 | (1.58) |
| Weighted average number of common and common equivalent shares outstanding: | |||
| Diluted (shares) | 1,827 | 1,828 | 1,808 |
| Basic (shares) | 1,822 | 1,816 | 1,808 |
| Product and Service | |||
| Service | |||
| Revenues | 74,200 | 61,768 | 59,265 |
| Cost of Goods and Services Sold | (48,962) | (41,129) | (39,406) |
| Product | |||
| Revenues | 8,522 | 5,650 | 6,123 |
| Cost of Goods and Services Sold | (5,439) | (4,002) | (4,474) |
| [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: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Oct 1, 2022 10-K (Filed: Nov 29, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | |
| Net income (loss) | $ 3,505 | 2,507 | (2,474) |
| Other comprehensive income (loss), net of tax: | |||
| Market value adjustments, primarily for hedges | 735 | 41 | (251) |
| Pension and postretirement medical plan adjustments | 2,503 | 1,850 | (1,476) |
| Foreign currency translation and other | (1,060) | 77 | 115 |
| Other comprehensive income (loss) | 2,178 | 1,968 | (1,612) |
| Comprehensive income (loss) | 5,683 | 4,475 | (4,086) |
| Net income from continuing operations attributable to noncontrolling interests | (360) | (512) | (390) |
| Other comprehensive income (loss) attributable to noncontrolling interests | 143 | (86) | (93) |
| Comprehensive income (loss) attributable to Disney | 5,466 | 3,877 | (4,569) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WALT DISNEY CO | |||
Ticker: DIS Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Oct 1, 2022 10-K (Filed: Nov 29, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | |
| Net income (loss) from continuing operations | $ 3,553 | 2,536 | (2,442) |
| OPERATING ACTIVITIES | |||
| Depreciation and amortization | 5,163 | 5,111 | 5,345 |
| Goodwill and intangible asset impairments | 0 | 0 | 4,953 |
| Net (gain) loss on investments | 714 | (332) | (920) |
| Deferred income taxes | 200 | (1,241) | (392) |
| Equity in the income of investees | (816) | (761) | (651) |
| Cash distributions received from equity investees | 779 | 754 | 774 |
| Net change in produced and licensed content costs and advances | (6,271) | (4,301) | 397 |
| Equity-based compensation | 977 | 600 | 525 |
| Pension and Postretirement Medical Amortization | 620 | 816 | 547 |
| Other, net | 595 | 190 | 125 |
| Changes in operating assets and liabilities | |||
| Receivables | 605 | (357) | 1,943 |
| Inventories | (420) | 252 | 14 |
| Other assets | (707) | 171 | (157) |
| Accounts payable and other liabilities | 964 | 2,410 | (2,293) |
| Income taxes | 46 | (282) | (152) |
| Cash provided by operations - continuing operations | 6,002 | 5,566 | 7,616 |
| INVESTING ACTIVITIES | |||
| Investments in parks, resorts and other property | (4,943) | (3,578) | (4,022) |
| Other, net | (65) | 407 | 172 |
| Cash used in investing activities - continuing operations | (5,008) | (3,171) | (3,850) |
| FINANCING ACTIVITIES | |||
| Commercial paper payments, net | (334) | (26) | (3,354) |
| Borrowings | 333 | 64 | 18,120 |
| Reduction of borrowings | (4,016) | (3,737) | (3,533) |
| Dividends | 0 | 0 | (1,587) |
| Proceeds from exercise of stock options | 127 | 435 | 305 |
| Acquisition of redeemable noncontrolling interests | 0 | (350) | 0 |
| Other, net | (839) | (771) | (1,471) |
| Cash provided by (used in) financing activities - continuing operations | (4,729) | (4,385) | 8,480 |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Cash provided by operations - discontinued operations | 8 | 1 | 2 |
| Cash provided by investing activities - discontinued operations | 0 | 8 | 213 |
| Cash used in financing activities - discontinued operations | (12) | 0 | 0 |
| Cash (used in) provided by discontinued operations | (4) | 9 | 215 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | (603) | 30 | 38 |
| Change in Cash, Cash Equivalents and Restricted Cash | (4,342) | (1,951) | 12,499 |
| Cash, cash equivalents and restricted cash, beginning of year | 16,003 | 17,954 | |
| Cash, cash equivalents and restricted cash, end of year | 11,661 | 16,003 | 17,954 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | 1,685 | 1,892 | 1,559 |
| Income taxes paid | 1,097 | 1,638 | 738 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WALT DISNEY CO | ||
Ticker: DIS Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Oct 1, 2022 10-K (Filed: Nov 29, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 1, 2022 | Oct 2, 2021 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 11,615 | 15,959 |
| Receivables, net | 12,652 | 13,367 |
| Inventories | 1,742 | 1,331 |
| Content advances | 1,890 | 2,183 |
| Other current assets | 1,199 | 817 |
| Total current assets | 29,098 | 33,657 |
| Produced and licensed content costs | 35,777 | 29,549 |
| Investments | 3,218 | 3,935 |
| Attractions, buildings and equipment | 66,998 | 64,892 |
| Accumulated depreciation | (39,356) | (37,920) |
| Parks, resorts and other property, before projects in progress and land, Total | 27,642 | 26,972 |
| Projects in progress | 4,814 | 4,521 |
| Land | 1,140 | 1,131 |
| Parks, resorts and other property | 33,596 | 32,624 |
| Intangible assets, net | 14,837 | 17,115 |
| Goodwill | 77,897 | 78,071 |
| Other assets | 9,208 | 8,658 |
| Total assets | 203,631 | 203,609 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities | 20,213 | 20,894 |
| Current portion of borrowings | 3,070 | 5,866 |
| Deferred revenue and other | 5,790 | 4,317 |
| Total current liabilities | 29,073 | 31,077 |
| Borrowings | 45,299 | 48,540 |
| Deferred income taxes | 8,363 | 7,246 |
| Other long-term liabilities | 12,518 | 14,522 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interest | 9,499 | 9,213 |
| Equity | ||
| Preferred stock | 0 | 0 |
| Common stock, $0.01 par value, Authorized 4.6 billion shares, Issued 1.8 billion shares | 56,398 | 55,471 |
| Retained earnings | 43,636 | 40,429 |
| Accumulated other comprehensive loss | (4,119) | (6,440) |
| Treasury stock, at cost, 19 million shares | (907) | (907) |
| Total Disney Shareholders equity | 95,008 | 88,553 |
| Noncontrolling interests | 3,871 | 4,458 |
| Total equity | 98,879 | 93,011 |
| Total liabilities and equity | 203,631 | 203,609 |
| External Links | |
| WALT DISNEY CO (DIS) Fiscal Year 2022 | |
| 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 |