Cash flow Walt Disney Company (The)

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DIS

US2546871060

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Published financial data: WALT DISNEY COMPANY (THE)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	69.57B	65.39B	67.42B	82.72B	88.9B
Total Revenues	69.57B	65.39B	67.42B	82.72B	88.9B
Cost of Goods Sold, Total	42.02B	43.88B	45.13B	54.4B	59.2B
Gross Profit	27.55B	21.51B	22.29B	28.32B	29.7B
Selling General & Admin Expenses, Total	11.24B	12.38B	13.68B	16.33B	15B
Depreciation & Amortization - (IS)	4.16B	5.34B	5.11B	5.16B	5.37B
Other Operating Expenses, Total	15.4B	17.73B	18.8B	21.49B	20.36B
Operating Income	12.15B	3.78B	3.49B	6.83B	9.33B
Interest Expense, Total	-1.25B	-1.65B	-1.55B	-1.55B	-1.97B
Interest And Investment Income	266M	169M	307M	90M	429M
Net Interest Expenses	-980M	-1.48B	-1.24B	-1.46B	-1.54B
Income (Loss) On Equity Invest.	-103M	651M	761M	816M	782M
Currency Exchange Gains (Loss)	-	-	-	0	-5M
Other Non Operating Income (Expenses)	-	-	-	-4M	-73M
EBT, Excl. Unusual Items	11.07B	2.95B	3.01B	6.18B	8.49B
Restructuring Charges	-	-	-654M	-237M	-96M
Merger & Related Restructuring Charges	-1.48B	-782M	-	-	-357M
Impairment of Goodwill	-	-3.07B	-	-	-721M
Gain (Loss) On Sale Of Investments	4.79B	1.04B	201M	-663M	28M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-1.88B	-	-	-2.58B
Insurance Settlements	46M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-483M	-	-	-	-
EBT, Incl. Unusual Items	13.94B	-1.74B	2.56B	5.28B	4.77B
Income Tax Expense	3.03B	699M	25M	1.73B	1.38B
Earnings From Continuing Operations	10.91B	-2.44B	2.54B	3.55B	3.39B
Earnings Of Discontinued Operations	613M	-32M	-29M	-48M	-
Net Income to Company	11.53B	-2.47B	2.51B	3.5B	3.39B
Minority Interest	-472M	-390M	-512M	-360M	-1.04B
Net Income - (IS)	11.05B	-2.86B	2B	3.14B	2.35B
Net Income to Common Incl Extra Items	11.05B	-2.86B	2B	3.14B	2.35B
Net Income to Common Excl. Extra Items	10.44B	-2.83B	2.02B	3.19B	2.35B
Per Share Items
Net EPS - Basic	6.68	-1.58	1.1	1.73	1.29
Basic EPS - Continuing Operations	6.3	-1.57	1.11	1.75	1.29
Basic Weighted Average Shares Outstanding	1.66B	1.81B	1.82B	1.82B	1.83B
Net EPS - Diluted	6.64	-1.59	1.09	1.72	1.29
Diluted EPS - Continuing Operations	6.27	-1.57	1.11	1.75	1.29
Diluted Weighted Average Shares Outstanding	1.67B	1.81B	1.83B	1.83B	1.83B
Normalized Basic EPS	3.89	0.81	0.76	1.92	2.34
Normalized Diluted EPS	3.87	0.81	0.75	1.92	2.33
Dividend Per Share	1.76	-	-	-	0.3
Payout Ratio	26.19	-55.41	-	-	-
American Depositary Receipts Ratio (ADR)	0.07	0.07	0.07	0.07	0.07
Supplemental Items
EBITDA	16.31B	9.13B	8.6B	12B	14.7B
EBITA	13.48B	5.99B	5.54B	8.81B	11.08B
EBIT	12.15B	3.78B	3.49B	6.83B	9.33B
EBITDAR	17.41B	10.52B	9.87B	13.15B	15.96B
Total Revenues (As Reported)	69.57B	65.39B	67.42B	82.72B	88.9B
Effective Tax Rate - (Ratio)	21.74	-40.1	0.98	32.77	28.92
Current Domestic Taxes	126M	243M	723M	718M	1.88B
Current Foreign Taxes	824M	731M	554M	846M	867M
Total Current Taxes	950M	974M	1.28B	1.56B	2.74B
Deferred Domestic Taxes	2.09B	250M	-746M	433M	-1.18B
Deferred Foreign Taxes	-7M	-525M	-506M	-265M	-189M
Total Deferred Taxes	2.08B	-275M	-1.25B	168M	-1.36B
Normalized Net Income	6.45B	1.46B	1.37B	3.51B	4.27B
Interest Capitalized	222M	157M	187M	261M	365M
Interest on Long-Term Debt	-	16M	20M	15M	15M
Non-Cash Pension Expense	-113M	0	145M	-82M	-338M
Supplemental Operating Expense Items
Net Rental Expense, Total	1.1B	1.39B	1.27B	1.16B	1.26B
Imputed Operating Lease Interest Expense	380M	367M	291M	304M	459M
Imputed Operating Lease Depreciation	720M	1.02B	976M	855M	805M
Stock-Based Comp., Other (Total)	711M	525M	600M	977M	1.14B
Total Stock-Based Compensation	711M	525M	600M	977M	1.14B

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.42B	17.91B	15.96B	11.62B	14.18B
Total Cash And Short Term Investments	5.42B	17.91B	15.96B	11.62B	14.18B
Accounts Receivable, Total	12.59B	10.87B	11.01B	10.65B	10.06B
Other Receivables	2.89B	1.84B	2.36B	2B	2.27B
Total Receivables	15.48B	12.71B	13.37B	12.65B	12.33B
Inventory	6.25B	3.75B	3.51B	3.63B	4.96B
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	26M	3M	3M	3M	-
Other Current Assets, Total	953M	872M	814M	1.2B	1.29B
Total Current Assets	28.12B	35.25B	33.66B	29.1B	32.76B
Gross Property Plant And Equipment	64.02B	71.68B	74.78B	77.22B	82.05B
Accumulated Depreciation	-32.42B	-35.55B	-37.92B	-39.36B	-42.61B
Net Property Plant And Equipment	31.6B	36.13B	36.86B	37.86B	39.44B
Long-term Investments	3.22B	3.9B	3.94B	3.22B	3.08B
Goodwill	80.29B	77.69B	78.07B	77.9B	77.07B
Other Intangibles, Total	23.22B	19.17B	17.12B	14.84B	13.06B
Accounts Receivable Long-Term	1.2B	1B	800M	600M	600M
Loans Receivable Long-Term	800M	700M	600M	-	-
Other Long-Term Assets, Total	25.52B	27.71B	32.58B	40.12B	39.56B
Total Assets	194B	202B	204B	204B	206B
Liabilities
Accounts Payable, Total	13.78B	12.66B	15.68B	15.55B	14.06B
Accrued Expenses, Total	3.01B	2.92B	3.48B	3.45B	3.06B
Short-term Borrowings	5.34B	2.02B	1.99B	1.66B	1.48B
Current Portion of Long-Term Debt	3.52B	3.69B	3.87B	1.41B	2.85B
Current Portion of Leases	5M	784M	678M	651M	777M
Current Income Taxes Payable	-	-	-	-	2.28B
Unearned Revenue Current, Total	4.05B	3.69B	4.07B	5.53B	5.57B
Other Current Liabilities	1.64B	857M	1.3B	820M	1.07B
Total Current Liabilities	31.34B	26.63B	31.08B	29.07B	31.14B
Long-Term Debt	38.13B	52.92B	48.54B	45.3B	42.1B
Long-Term Leases	146M	2.91B	3.23B	3.24B	3.46B
Unearned Revenue Non Current	619M	513M	581M	927M	977M
Pension & Other Post Retirement Benefits	4.78B	6.45B	4.13B	1.94B	-
Deferred Tax Liability Non Current	7.9B	7.29B	7.25B	8.36B	7.26B
Other Non Current Liabilities	8.21B	7.33B	6.58B	6.41B	7.63B
Total Liabilities	91.13B	104B	101B	95.25B	92.57B
Common Stock, Total	53.91B	54.5B	55.47B	56.4B	57.38B
Retained Earnings	42.49B	38.32B	40.43B	43.64B	46.09B
Treasury Stock	-907M	-907M	-907M	-907M	-907M
Comprehensive Income and Other	-6.62B	-8.32B	-6.44B	-4.12B	-3.29B
Total Common Equity	88.88B	83.58B	88.55B	95.01B	99.28B
Minority Interest	13.98B	13.93B	13.67B	13.37B	13.74B
Total Equity	103B	97.51B	102B	108B	113B
Total Liabilities And Equity	194B	202B	204B	204B	206B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.8B	1.81B	1.82B	1.82B	1.83B
ECS Total Common Shares Outstanding	1.8B	1.81B	1.82B	1.82B	1.83B
Book Value / Share	49.32	46.18	48.71	52.09	54.25
Tangible Book Value	-14.63B	-13.28B	-6.63B	2.27B	9.15B
Tangible Book Value Per Share	-8.12	-7.34	-3.65	1.25	5
Total Debt	47.14B	62.32B	58.31B	52.26B	50.67B
Net Debt	41.72B	44.41B	42.35B	40.64B	36.49B
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.65B	5.16B	2.88B	307M	-752M
Debt Equivalent Oper. Leases	8.8B	11.12B	10.14B	9.27B	10.11B
Minority Interest, Total (Incl. Fin. Div)	13.98B	13.93B	13.67B	13.37B	13.74B
Equity Method Investments, Total	2.92B	2.63B	2.64B	2.68B	2.69B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	1.16B	1.04B	1.13B	1.14B	8.6B
Machinery, Total	21.26B	22.98B	24.01B	24.41B	26.36B
Full Time Employees	223K	162K	152K	172K	173K
Part Time Employees	-	40.19K	28.5K	33K	36K
Accumulated Allowance for Doubtful Accounts (Supple)	295M	426M	170M	158M	115M

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	11.05B	-2.86B	2B	3.14B	2.35B
Depreciation & Amortization - CF	2.84B	3.14B	3.07B	3.18B	3.63B
Amortization of Goodwill and Intangible Assets - (CF)	1.32B	2.2B	2.04B	1.98B	1.74B
Depreciation & Amortization, Total	4.16B	5.34B	5.11B	5.16B	5.37B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-4.79B	-920M	-332M	714M	-166M
Asset Writedown & Restructuring Costs	-	4.95B	-	-	2.99B
(Income) Loss On Equity Investments - (CF)	857M	123M	-7M	-37M	-62M
Stock-Based Compensation (CF)	711M	525M	600M	977M	1.14B
Net Cash From Discontinued Operations	622M	2M	1M	8M	-
Other Operating Activities, Total	-360M	1.1B	-4B	-4.45B	-1.94B
Change In Accounts Receivable	55M	1.94B	-357M	605M	358M
Change In Inventories	-223M	14M	252M	-420M	-183M
Change In Accounts Payable	191M	-2.29B	2.41B	964M	-1.14B
Change In Income Taxes	-6.6B	-152M	-282M	46M	1.34B
Change in Other Net Operating Assets	932M	-157M	171M	-707M	-201M
Cash from Operations	6.61B	7.62B	5.57B	6.01B	9.87B
Capital Expenditure	-4.88B	-4.02B	-3.58B	-4.94B	-4.97B
Cash Acquisitions	-9.9B	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	458M
Other Investing Activities, Total	10.66B	385M	415M	-65M	-130M
Cash from Investing	-4.12B	-3.64B	-3.16B	-5.01B	-4.64B
Short Term Debt Issued, Total	4.32B	-	-	-	-
Long-Term Debt Issued, Total	38.24B	18.12B	64M	333M	83M
Total Debt Issued	42.56B	18.12B	64M	333M	83M
Short Term Debt Repaid, Total	-	-3.35B	-26M	-334M	-191M
Long-Term Debt Repaid, Total	-38.88B	-3.53B	-3.74B	-4.02B	-1.68B
Total Debt Repaid	-38.88B	-6.89B	-3.76B	-4.35B	-1.87B
Issuance of Common Stock	318M	305M	435M	127M	52M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-2.9B	-1.59B	-	-	-
Common & Preferred Stock Dividends Paid	-2.9B	-1.59B	-	-	-
Other Financing Activities, Total	-2.19B	-1.47B	-1.12B	-851M	-993M
Cash from Financing	-1.09B	8.48B	-4.38B	-4.74B	-2.72B
Foreign Exchange Rate Adjustments	-98M	38M	30M	-603M	73M
Net Change in Cash	1.3B	12.5B	-1.95B	-4.34B	2.57B
Supplemental Items
Cash Interest Paid	1.14B	1.56B	1.89B	1.68B	2.11B
Cash Income Tax Paid (Refund)	9.26B	738M	1.64B	1.1B	1.19B
Levered Free Cash Flow	5.19B	6.22B	7.39B	5.53B	5.72B
Unlevered Free Cash Flow	5.97B	7.25B	8.35B	6.5B	6.96B
Change In Net Working Capital	1.62B	-3.04B	-4.04B	-1.03B	418M
Net Debt Issued / Repaid	3.68B	11.23B	-3.7B	-4.02B	-1.78B

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.19	1.19	1.08	2.1	2.85
Return on Total Capital	6.76	1.53	1.36	2.66	3.6
Return On Equity %	13.92	-2.44	2.54	3.37	3.06
Return on Common Equity	15.17	-3.28	2.35	3.48	2.42
Margin Analysis
Gross Profit Margin %	39.6	32.89	33.06	34.24	33.41
SG&A Margin	16.15	18.94	20.3	19.74	16.87
EBITDA Margin %	23.45	13.96	12.76	14.5	16.54
EBITA Margin %	19.37	9.15	8.21	10.65	12.46
EBIT Margin %	17.47	5.78	5.18	8.26	10.5
Income From Continuing Operations Margin %	15.69	-3.73	3.76	4.3	3.81
Net Income Margin %	15.89	-4.38