The Walt Disney Company NYSE DIS Financials - 2009

The Walt Disney Company (NYSE:DIS) > Financials > Key Stats
In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Dilution: Basic
Key Financials¹
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Oct-03-2009A Oct-02-2010A Oct-01-2011A Sep-29-2012A Sep-28-2013A Sep-27-2014A
Currency USD USD USD USD USD USD
Total Revenue 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0

Growth Over Prior Year (4.5%) 5.3% 7.4% 3.4% 6.5% 8.4%
Gross Profit 5,697.0 6,726.0 7,781.0 18,931.0 20,007.0 22,393.0

Margin % 15.8% 17.7% 19.0% 44.8% 44.4% 45.9%
EBITDA 7,328.0 8,439.0 9,622.0 10,971.0 11,642.0 13,828.0

Margin % 20.3% 22.2% 23.5% 25.9% 25.8% 28.3%
EBIT 5,697.0 6,726.0 7,781.0 8,984.0 9,450.0 11,540.0

Margin % 15.8% 17.7% 19.0% 21.2% 21.0% 23.6%
Earnings from Cont. Ops. 3,609.0 4,313.0 5,258.0 6,173.0 6,636.0 8,004.0
Margin % 10.0% 11.3% 12.9% 14.6% 14.7% 16.4%
Net Income 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0

Margin % 9.1% 10.4% 11.8% 13.4% 13.6% 15.4%
Diluted EPS Excl. Extra Items³ 1.76 2.03 2.52 3.13 3.38 4.26
Growth Over Prior Year (22.8%) 15.3% 24.1% 24.2% 8.0% 26.0%
¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Current Capitalization (Millions of USD)

Currency USD
Share Price $140.11
Shares Out. 1,820.6
Market Capitalization 255,088.9

- Cash & Short Term Investments 14,444.0
+ Total Debt 54,132.0
+ Pref. Equity -
+ Total Minority Interest 13,729.0
- Long Term Marketable Securities -
= Total Enterprise Value (TEV) 308,505.9
Book Value of Common Equity 89,864.0

+ Pref. Equity -
+ Total Minority Interest 13,729.0
+ Total Debt 54,132.0
= Total Capital 157,725.0
**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company level
market capitalization. Please click on the value to see the detailed
calculation. Prices shown on this page are the close price of the
company’s primary stock class. Shares shown on this page are total
company as-reported share values.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.
Valuation Multiples based on Current Capitalization

LTM
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months
Oct-02-2021A Jan-01-2022A Sep-30-2022E Sep-30-2023E Sep-30-2024E
TEV/Total Revenue 4.6x 4.2x 3.63x 3.27x 3.02x
TEV/EBITDA 29.3x 24.5x 18.94x 16.45x 14.29x
TEV/EBIT 73.2x 49.3x 22.89x 19.38x 16.59x
P/Diluted EPS Before Extra 126.2x 81.5x 31.28x 25.00x 20.94x
P/BV 2.9x 2.8x 2.64x 2.47x 2.38x
Price/Tang BV NM NM - - -
LTM²
12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months†
Oct-03-2015A Oct-01-2016A Sep-30-2017A Sep-29-2018A Sep-28-2019A Oct-03-2020A Oct-02-2021A Jan-01-2022A Sep-30-2022E
USD USD USD USD USD USD USD USD USD
52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0 84,918.52

7.5% 6.0% (0.9%) 7.8% 17.1% (6.1%) 3.1% 20.1% 25.96%
24,101.0 25,768.0 24,831.0 26,708.0 27,546.0 21,508.0 22,287.0 25,065.0 -

45.9% 46.3% 45.0% 44.9% 39.6% 32.9% 33.1% 34.3% 35.00%
15,578.0 17,014.0 16,655.0 17,848.0 16,197.0 9,126.0 8,603.0 10,560.0 16,292.21

29.7% 30.6% 30.2% 30.0% 23.3% 14.0% 12.8% 14.5% 19.19%
13,224.0 14,487.0 13,873.0 14,837.0 12,030.0 3,781.0 3,492.0 5,478.0 13,479.85

25.2% 26.0% 25.2% 25.0% 17.3% 5.8% 5.2% 7.5% 15.87%
8,852.0 9,790.0 9,366.0 13,066.0 10,897.0 (2,442.0) 2,536.0 3,706.0 -

16.9% 17.6% 17.0% 22.0% 15.7% (3.7%) 3.8% 5.1% -
8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0 8,104.83

16.0% 16.9% 16.3% 21.2% 15.9% (4.4%) 3.0% 4.2% 9.54%
4.9 5.73 5.69 8.36 6.26 (1.57) 1.11 1.72 4.48

15.0% 16.9% (0.7%) 46.9% (25.1%) NM NM NM 92.47%
The Walt Disney Company (NYSE:DIS) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta
Income Statement
Reclassified Reclassified Reclassified
Oct-03-2009 Oct-02-2010 Oct-01-2011 Sep-29-2012 Sep-28-2013 Sep-27-2014
Revenue 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0

Other Revenue - - - - - -
Total Revenue 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0
Cost Of Goods Sold 30,452.0 31,337.0 33,112.0 23,347.0 25,034.0 26,420.0

Gross Profit 5,697.0 6,726.0 7,781.0 18,931.0 20,007.0 22,393.0
Selling General & Admin Exp. - - - 7,960.0 8,365.0 8,565.0

R & D Exp. - - - - - -
Depreciation & Amort. - - - 1,987.0 2,192.0 2,288.0
Other Operating Expense/(Income) - - - - - -
Other Operating Exp., Total - - - 9,947.0 10,557.0 10,853.0
Operating Income 5,697.0 6,726.0 7,781.0 8,984.0 9,450.0 11,540.0
Interest Expense (588.0) (456.0) (435.0) (472.0) (349.0) (294.0)

Interest and Invest. Income 122.0 47.0 116.0 103.0 111.0 112.0
Net Interest Exp. (466.0) (409.0) (319.0) (369.0) (238.0) (182.0)
Interest Paid #VALUE!

Interest Received
Income/(Loss) from Affiliates 577.0 440.0 585.0 627.0 688.0 854.0
Currency Exchange Gains (Loss) - - - - - (143.0)
Other Non-Operating Inc. (Exp.) - - - - - 6.0
EBT Excl. Unusual Items 5,808.0 6,757.0 8,047.0 9,242.0 9,900.0 12,075.0
1% 1% 1% 2% 1%
Restructuring Charges (492.0) (270.0) (55.0) (100.0) (214.0) (140.0)
Merger & Related Restruct. Charges - 22.0 - - - -
Impairment of Goodwill - - - - - -
Gain (Loss) On Sale Of Invest. 342.0 75.0 (24.0) 184.0 222.0 205.0
Gain (Loss) On Sale Of Assets - 43.0 75.0 - 33.0 77.0
Asset Writedown - - - (121.0) - -
Insurance Settlements - - - - - -
Legal Settlements - - - - (321.0) -
Other Unusual Items - - - 55.0 - 29.0
EBT Incl. Unusual Items 5,658.0 6,627.0 8,043.0 9,260.0 9,620.0 12,246.0
0% 0% 0% -1% 0%
Income Tax Expense 2,049.0 2,314.0 2,785.0 3,087.0 2,984.0 4,242.0
Earnings from Cont. Ops. 3,609.0 4,313.0 5,258.0 6,173.0 6,636.0 8,004.0
35% 35% 33% 31% 35%
Earnings of Discontinued Ops. - - - - - -
Extraord. Item & Account. Change - - - - - -
Net Income to Company 3,609.0 4,313.0 5,258.0 6,173.0 6,636.0 8,004.0
Minority Int. in Earnings (302.0) (350.0) (451.0) (491.0) (500.0) (503.0)

Net Income 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0
Pref. Dividends and Other Adj. - - - - - -
NI to Common Incl Extra Items 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0
NI to Common Excl. Extra Items 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0
Per Share Items

Basic EPS $1.78 $2.07 $2.56 $3.17 $3.42 $4.31
Basic EPS Excl. Extra Items 1.78 2.07 2.56 3.17 3.42 4.31
Weighted Avg. Basic Shares Out. 1,856.0 1,915.0 1,878.0 1,794.0 1,792.0 1,740.0
Diluted EPS $1.76 $2.03 $2.52 $3.13 $3.38 $4.26

Diluted EPS Excl. Extra Items 1.76 2.03 2.52 3.13 3.38 4.26
Weighted Avg. Diluted Shares Out. 1,875.0 1,948.0 1,909.0 1,818.0 1,813.0 1,759.0
Normalized Basic EPS $1.79 $2.02 $2.44 $2.95 $3.17 $4.05

Normalized Diluted EPS 1.77 1.99 2.4 2.91 3.14 4.0
Dividends per Share $0.35 $0.4 $0.6 $0.75 $0.86 $1.15

Payout Ratio % 19.6% 16.5% 15.7% 18.9% 21.6% 20.1%
Shares per Depository Receipt 0.067 0.067 0.067 0.067 0.067 0.067
Supplemental Items
EBITDA 7,328.0 8,439.0 9,622.0 10,971.0 11,642.0 13,828.0
EBITA 5,748.0 6,837.0 7,963.0 9,187.0 9,685.0 11,764.0
EBIT 5,697.0 6,726.0 7,781.0 8,984.0 9,450.0 11,540.0
EBITDAR 8,022.0 9,181.0 10,442.0 11,834.0 12,517.0 14,711.0
As Reported Total Revenue* NA NA NA 42,278.0 45,041.0 48,813.0
Effective Tax Rate % 36.2% 34.9% 34.6% 33.3% 31.0% 34.6%
Current Domestic Taxes 1,473.0 1,766.0 2,123.0 2,202.0 2,452.0 3,138.0
Current Foreign Taxes 312.0 432.0 521.0 422.0 474.0 600.0
Total Current Taxes 1,785.0 2,198.0 2,644.0 2,624.0 2,926.0 3,738.0
Deferred Domestic Taxes 264.0 116.0 141.0 463.0 90.0 490.0
Deferred Foreign Taxes NA NA NA NA (32.0) 14.0
Total Deferred Taxes 264.0 116.0 141.0 463.0 58.0 504.0
Normalized Net Income 3,328.0 3,873.1 4,578.4 5,285.3 5,687.5 7,043.9

Interest Capitalized 57.0 82.0 91.0 92.0 77.0 73.0
Interest on Long Term Debt 645.0 538.0 NA NA 426.0 NA
Non-Cash Pension Expense (2.0) 149.0 215.0 247.0 257.0 2.0
Filing Date Nov-23-2011 Nov-21-2012 Nov-20-2013 Nov-19-2014 Nov-25-2015 Nov-23-2016
Restatement Type NC NC RC RC RC NC
Calculation Type REP REP REP REP REP REP
Supplemental Operating Expense Items

Advertising Exp. 2,700.0 NA NA NA NA NA
Net Rental Exp. 694.0 742.0 820.0 863.0 875.0 883.0
Imputed Oper. Lease Interest Exp. 257.6 249.2 255.9 269.8 205.8 177.7
Imputed Oper. Lease Depreciation 436.4 492.8 564.1 593.2 669.2 705.3
Stock-Based Comp., Unallocated 457.0 522.0 490.0 484.0 477.0 414.0

Stock-Based Comp., Total 457.0 522.0 490.0 484.0 477.0 414.0
* Occasionally, certain items classified as Revenue by the company will be re-classified as other income if it is deemed to be non-recurring and unrelated to the core business of the firm. This field shows Total Revenue exa
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Reclassified Reclassified Reclassified Reclassified LTM
12 months 12 months 12 months 12 months 12 months 12 months 12 months 12 months
Oct-03-2015 Oct-01-2016 Sep-30-2017 Sep-29-2018 Sep-28-2019 Oct-03-2020 Oct-02-2021 Jan-01-2022
USD USD USD USD USD USD USD USD
52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0

- - - - - - - -
52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0
28,364.0 29,864.0 30,306.0 32,726.0 42,061.0 43,880.0 45,131.0 47,923.0

24,101.0 25,768.0 24,831.0 26,708.0 27,546.0 21,508.0 22,287.0 25,065.0
8,523.0 8,754.0 8,176.0 8,860.0 11,349.0 12,382.0 13,684.0 14,505.0

- - - - - - - -
2,354.0 2,527.0 2,782.0 3,011.0 4,167.0 5,345.0 5,111.0 5,082.0
- - - - - - - -
10,877.0 11,281.0 10,958.0 11,871.0 15,516.0 17,727.0 18,795.0 19,587.0
13,224.0 14,487.0 13,988.0 14,837.0 11,953.0 3,781.0 3,492.0 5,478.0
(265.0) (354.0) (507.0) (682.0) (1,246.0) (1,647.0) (1,546.0) (1,503.0)

120.0 94.0 95.0 108.0 368.0 169.0 307.0 228.0
(145.0) (260.0) (412.0) (574.0) (878.0) (1,478.0) (1,239.0) (1,275.0)
814.0 926.0 320.0 (102.0) (103.0) 651.0 761.0 776.0

- - - - - - - -
- - - - (4.0)
13,893.0 15,153.0 13,781.0 14,161.0 11,049.0 2,954.0 3,014.0 4,975.0
2% 2% 1% 0% 0% 1% 0.01 0%
(53.0) (285.0) (98.0) (33.0) - - (654.0) (541.0)
- - - - (1,483.0) (782.0) - -
- - - - - (3,074.0) - -
28.0 - 27.0 - 4,794.0 1,038.0 201.0 (231.0)
- - - 563.0 28.0 - - -
- - - - - (1,879.0) - -
- - - 38.0 46.0 - - -
- - (177.0) - - - - -
- - 255.0 - (511.0) - - -
13,868.0 14,868.0 13,788.0 14,729.0 13,923.0 (1,743.0) 2,561.0 4,203.0
0% -1% 0% 1% 4% 0% 1% 2%
5,016.0 5,078.0 4,422.0 1,663.0 3,026.0 699.0 25.0 497.0
8,852.0 9,790.0 9,366.0 13,066.0 10,897.0 (2,442.0) 2,536.0 3,706.0
36% 34% 32% 11% 22% 30% 27% 22%
- - - - 629.0 (32.0) (29.0) (65.0)
- - - - - - - -
8,852.0 9,790.0 9,366.0 13,066.0 11,526.0 (2,474.0) 2,507.0 3,641.0
(470.0) (399.0) (386.0) (468.0) (472.0) (390.0) (512.0) (559.0)

8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0
- - - - - - - -
8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0

8,382.0 9,391.0 8,980.0 12,598.0 10,425.0 (2,832.0) 2,024.0 3,147.0
$4.95 $5.76 $5.73 $8.4 $6.68 ($1.58) $1.1 $1.7

4.95 5.76 5.73 8.4 6.3 (1.57) 1.11 1.73
1,694.0 1,629.0 1,568.0 1,499.0 1,656.0 1,808.0 1,816.0 1,817.8
$4.9 $5.73 $5.69 $8.36 $6.64 ($1.59) $1.09 $1.68

4.9 5.73 5.69 8.36 6.26 (1.57) 1.11 1.72
1,709.0 1,639.0 1,578.0 1,507.0 1,666.0 1,808.0 1,828.0 1,829.3
$4.85 $5.57 $5.25 $5.59 $3.89 $0.81 $0.76 $1.4

4.81 5.53 5.21 5.56 3.86 0.81 0.75 1.39
$1.37 $1.49 $1.62 $1.72 $1.76 NA NA NA

36.5% 24.6% 27.2% 20.0% 26.2% NM NA NA
0.067 0.067 0.067 0.067 0.067 0.067 0.067 0.067
15,578.0 17,014.0 16,655.0 17,848.0 16,197.0 9,126.0 8,603.0 10,560.0

13,446.0 14,694.0 14,069.0 15,090.0 13,353.0 5,986.0 5,535.0 7,502.0
13,224.0 14,487.0 13,873.0 14,837.0 12,030.0 3,781.0 3,492.0 5,478.0
16,437.0 17,861.0 17,555.0 18,748.0 17,297.0 10,516.0 9,870.0 NA
52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0
36.2% 34.2% 32.1% 11.3% 21.7% NM 1.0% 11.8%
4,515.0 3,300.0 3,589.0 2,602.0 126.0 243.0 723.0 723.0
525.0 533.0 489.0 642.0 824.0 731.0 554.0 554.0
5,040.0 3,833.0 4,078.0 3,244.0 950.0 974.0 1,277.0 1,277.0
30.0 1,272.0 375.0 (1,597.0) 2,088.0 250.0 (746.0) (746.0)
(54.0) (27.0) (31.0) 16.0 (12.0) (525.0) (506.0) (506.0)
(24.0) 1,245.0 344.0 (1,581.0) 2,076.0 (275.0) (1,252.0) (1,252.0)
8,213.1 9,071.6 8,227.1 8,382.6 6,433.6 1,456.3 1,371.8 2,550.4

110.0 139.0 87.0 125.0 222.0 157.0 187.0 NA
NA NA NA 807.0 NA 16.0 20.0 NA
73.0 (33.0) (10.0) (51.0) (113.0) 0 145.0 -
Nov-22-2017 Nov-21-2018 Nov-20-2019 Nov-25-2020 Nov-24-2021 Nov-24-2021 Nov-24-2021 Feb-09-2022
RC RC RC NC RD NC O O
REP REP REP REP REP REP REP LTM
NA NA NA NA NA NA NA NA
859.0 847.0 900.0 900.0 1,100.0 1,390.0 1,267.0 NA
160.4 178.1 188.2 251.7 379.9 366.5 291.2 -
698.6 668.9 711.8 648.3 720.1 1,023.5 975.8 -
411.0 393.0 364.0 393.0 711.0 525.0 600.0 662.0

411.0 393.0 364.0 393.0 711.0 525.0 600.0 662.0
Revenue exactly as reported by the firm on its consolidated statement of income.

The Walt Disney Company (NYSE:DIS) > Financials > Balance Sheet
Balance Sheet
Balance Sheet as of: Restated
ASSETS
Cash And Equivalents 3,417.0 2,722.0 3,185.0 3,387.0 3,931.0 3,421.0
Total Cash & ST Investments 3,417.0 2,722.0 3,185.0 3,387.0 3,931.0 3,421.0
Accounts Receivable 4,458.0 5,128.0 5,686.0 6,152.0 6,539.0 7,274.0

Other Receivables 396.0 656.0 496.0 388.0 428.0 548.0
Total Receivables 4,854.0 5,784.0 6,182.0 6,540.0 6,967.0 7,822.0
Inventory 1,902.0 2,120.0 2,269.0 2,213.0 2,121.0 2,635.0

Prepaid Exp. 464.0 446.0 449.0 469.0 443.0 425.0
Deferred Tax Assets, Curr. 1,140.0 1,018.0 1,487.0 765.0 485.0 497.0
Restricted Cash - - - - - -
Other Current Assets 112.0 135.0 185.0 335.0 162.0 369.0
Total Current Assets 11,889.0 12,225.0 13,757.0 13,709.0 14,109.0 15,169.0
Current Assets/Sales 0.25 0.26 0.24 0.23 0.24

Current Liabilities/Sales 0.29 0.30 0.30 0.26 0.27
Gross Property, Plant & Equipment 34,992.0 36,179.0 39,267.0 42,199.0 44,839.0 47,054.0
Accumulated Depreciation (17,395.0) (18,373.0) (19,572.0) (20,687.0) (22,459.0) (23,722.0)
Net Property, Plant & Equipment 17,597.0 17,806.0 19,695.0 21,512.0 22,380.0 23,332.0
0.49 0.47 0.48 0.51 0.50 0.48
Long-term Investments 2,514.0 2,477.0 2,435.0 2,723.0 2,813.0 2,657.0

Goodwill 21,683.0 24,100.0 24,145.0 25,110.0 27,324.0 27,881.0
Other Intangibles 2,247.0 5,081.0 5,121.0 5,015.0 7,370.0 7,434.0
Accounts Receivable Long-Term 1,225.0 - - - 36.0 39.0
Loans Receivable Long-Term 40.0 36.0 - - - -
29,181.0 29,266.0 30,125.0 34,694.0 35,315.0
77% 72% 71% 77% 72%
Other Long-Term Assets 5,922.0 7,481.0 6,971.0 6,829.0 7,209.0 7,629.0
Total Assets 63,117.0 69,206.0 72,124.0 74,898.0 81,241.0 84,141.0
LIABILITIES
Accounts Payable 4,002.0 4,413.0 4,546.0 4,619.0 4,899.0 5,371.0
Accrued Exp. 1,614.0 1,484.0 1,468.0 1,521.0 1,628.0 1,769.0
Short-term Borrowings - 1,190.0 1,583.0 2,050.0 - 50.0
Curr. Port. of LT Debt 1,206.0 1,160.0 1,472.0 1,564.0 1,606.0 2,114.0
Curr. Port. of Leases - - - - - -
Unearned Revenue, Current 2,112.0 2,541.0 2,671.0 2,806.0 3,389.0 3,533.0
Other Current Liabilities - 212.0 348.0 253.0 182.0 455.0
Total Current Liabilities 8,934.0 11,000.0 12,088.0 12,813.0 11,704.0 13,292.0
Long-Term Debt 11,495.0 10,130.0 10,922.0 10,697.0 12,776.0 12,631.0

Long-Term Leases 226.0 224.0 288.0 284.0 - -
Unearned Revenue, Non-Current 250.0 244.0 233.0 275.0 - -
Pension & Other Post-Retire. Benefits 3,069.0 3,378.0 4,223.0 4,828.0 2,091.0 3,481.0
Def. Tax Liability, Non-Curr. 1,819.0 2,630.0 2,866.0 2,251.0 4,050.0 4,098.0
Other Non-Current Liabilities 1,899.0 2,258.0 2,051.0 1,792.0 2,470.0 2,461.0
Total Liabilities 27,692.0 29,864.0 32,671.0 32,940.0 33,091.0 35,963.0
Common Stock 27,038.0 28,736.0 30,296.0 31,731.0 33,440.0 34,301.0

Additional Paid In Capital - - - - - -
Retained Earnings 31,033.0 34,327.0 38,375.0 42,965.0 47,758.0 53,734.0
Treasury Stock (22,693.0) (23,663.0) (28,656.0) (31,671.0) (34,582.0) (41,109.0)
Comprehensive Inc. and Other (1,644.0) (1,881.0) (2,630.0) (3,266.0) (1,187.0) (1,968.0)
Total Common Equity 33,734.0 37,519.0 37,385.0 39,759.0 45,429.0 44,958.0
Minority Interest 1,691.0 1,823.0 2,068.0 2,199.0 2,721.0 3,220.0
Total Equity 35,425.0 39,342.0 39,453.0 41,958.0 48,150.0 48,178.0
Total Liabilities And Equity 63,117.0 69,206.0 72,124.0 74,898.0 81,241.0 84,141.0
Supplemental Items
Total Shares Out. on Filing Date 1,865.0 1,893.6 1,796.5 1,772.1 1,757.3 1,695.7
Total Shares Out. on Balance Sheet Date 1,861.0 1,894.0 1,808.0 1,780.0 1,773.0 1,707.0
Book Value/Share $18.13 $19.81 $20.68 $22.34 $25.62 $26.34
Tangible Book Value 9,804.0 8,338.0 8,119.0 9,634.0 10,735.0 9,643.0
Tangible Book Value/Share $5.27 $4.4 $4.49 $5.41 $6.05 $5.65
Total Debt 12,927.0 12,704.0 14,265.0 14,595.0 14,382.0 14,795.0
Net Debt 9,510.0 9,982.0 11,080.0 11,208.0 10,451.0 11,374.0
Debt Equiv. of Unfunded Proj. Benefit Obligation 2,159.0 2,400.0 2,930.0 3,481.0 1,101.0 2,425.0
Debt Equivalent Oper. Leases 5,552.0 5,936.0 6,560.0 6,904.0 7,000.0 7,064.0
Total Minority Interest 1,691.0 1,823.0 2,068.0 2,199.0 2,721.0 3,220.0
Equity Method Investments 2,173.0 2,123.0 2,052.0 2,438.0 2,407.0 2,476.0
Inventory Method Avg Cost Avg Cost Avg Cost Avg Cost Avg Cost Avg Cost
Land 1,167.0 1,124.0 1,127.0 1,164.0 1,171.0 1,238.0
Buildings 693.0 NA NA NA NA NA
Machinery 12,228.0 12,575.0 13,476.0 14,317.0 15,135.0 15,701.0
Construction in Progress 1,350.0 2,180.0 2,625.0 2,453.0 2,476.0 3,553.0
Leasehold Improvements - 644.0 650.0 696.0 697.0 757.0
Full Time Employees 144,000 149,000 156,000 166,000 175,000 180,000
Part-Time Employees NA NA NA NA NA NA
Accum. Allowance for Doubtful Accts 336.0 326.0 261.0 161.0 155.0 154.0
Restatement Type NC NC NC NC NC RS
Calculation Type RUP RUP RUP RUP RUP RUP
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
4,269.0 4,610.0 4,017.0 4,150.0 5,418.0 17,914.0 15,959.0 14,444.0

4,269.0 4,610.0 4,017.0 4,150.0 5,418.0 17,914.0 15,959.0 14,444.0
7,456.0 8,305.0 7,424.0 8,076.0 12,587.0 10,873.0 11,007.0 14,882.0

563.0 760.0 1,209.0 1,258.0 2,894.0 1,835.0 2,360.0 -
8,019.0 9,065.0 8,633.0 9,334.0 15,481.0 12,708.0 13,367.0 14,882.0
2,741.0 2,598.0 2,651.0 2,706.0 6,246.0 3,754.0 3,514.0 2,470.0

469.0 449.0 445.0 - - - - -
767.0 - - - - - - -
- 96.0 26.0 1.0 26.0 3.0 3.0 3.0
493.0 148.0 117.0 634.0 953.0 872.0 814.0 1,114.0
16,758.0 16,966.0 15,889.0 16,825.0 28,124.0 35,251.0 33,657.0 32,913.0
0.24 0.22 0.22 0.21 0.33 0.24 0.24 0.25

0.31 0.30 0.36 0.30 0.45 0.31 0.34 0.37
50,023.0 54,198.0 57,443.0 60,304.0 64,018.0 71,680.0 74,775.0 71,186.0

(24,844.0) (26,849.0) (29,037.0) (30,764.0) (32,415.0) (35,554.0) (37,920.0) (38,505.0)
25,179.0 27,349.0 28,406.0 29,540.0 31,603.0 36,126.0 36,855.0 32,681.0
0.48 0.49 0.52 0.50 0.45 0.49 0.49 0.49
2,600.0 4,258.0 3,202.0 2,899.0 3,224.0 3,903.0 3,935.0 3,549.0

27,826.0 27,810.0 31,426.0 31,269.0 80,293.0 77,689.0 78,071.0 78,052.0
7,172.0 6,949.0 6,995.0 6,812.0 23,215.0 19,173.0 17,115.0 16,574.0
43.0 22.0 - - - 800.0 1,400.0
- - - - - - 600.0 -
34,998.0 34,759.0 38,421.0 38,081.0 103,508.0
67% 62% 70% 64% 149% 78% 82% 94%
8,604.0 8,679.0 9,871.0 11,253.0 27,525.0 29,407.0 32,576.0 38,142.0
88,182.0 92,033.0 95,789.0 98,598.0 193,984.0 201,549.0 203,609.0 203,311.0
5,504.0 6,860.0 6,305.0 6,503.0 13,778.0 12,399.0 15,679.0 18,709.0

1,797.0 1,747.0 1,819.0 2,189.0 3,010.0 2,925.0 3,482.0 -
2,430.0 1,521.0 2,772.0 1,005.0 5,342.0 2,023.0 1,992.0 1,870.0
2,133.0 2,166.0 3,400.0 2,785.0 3,515.0 3,688.0 3,874.0 4,913.0
- - - - 19.0 784.0 678.0 -
3,927.0 4,025.0 4,568.0 2,926.0 4,050.0 3,688.0 4,067.0 4,278.0
543.0 523.0 731.0 2,452.0 1,627.0 1,121.0 1,305.0 267.0
16,334.0 16,842.0 19,595.0 17,860.0 31,341.0 26,628.0 31,077.0 30,037.0
12,773.0 16,483.0 19,119.0 17,084.0 38,129.0 52,917.0 48,540.0 47,349.0

- - - - 132.0 2,911.0 3,229.0 -
- - - 609.0 619.0 513.0 581.0 575.0
3,940.0 5,184.0 3,281.0 2,712.0 4,783.0 6,451.0 4,132.0 -
4,051.0 3,679.0 4,480.0 3,109.0 7,902.0 7,288.0 7,246.0 8,124.0
2,429.0 2,522.0 3,162.0 3,269.0 8,226.0 7,329.0 6,580.0 13,633.0
39,527.0 44,710.0 49,637.0 44,643.0 91,132.0 104,037.0 101,385.0 99,718.0
35,122.0 35,859.0 36,248.0 36,779.0 53,907.0 54,497.0 55,471.0 55,500.0

- - - - - - - -
59,028.0 66,088.0 72,606.0 82,679.0 42,494.0 38,315.0 40,429.0 41,547.0
(47,204.0) (54,703.0) (64,011.0) (67,588.0) (907.0) (907.0) (907.0) (907.0)
(2,421.0) (3,979.0) (3,528.0) (3,097.0) (6,617.0) (8,322.0) (6,440.0) (6,276.0)
44,525.0 43,265.0 41,315.0 48,773.0 88,877.0 83,583.0 88,553.0 89,864.0
4,130.0 4,058.0 4,837.0 5,182.0 13,975.0 13,929.0 13,671.0 13,729.0
48,655.0 47,323.0 46,152.0 53,955.0 102,852.0 97,512.0 102,224.0 103,593.0
88,182.0 92,033.0 95,789.0 98,598.0 193,984.0 201,549.0 203,609.0 203,311.0
1,653.2 1,591.5 1,510.3 1,488.7 1,802.4 1,810.5 1,817.7 1,820.6

1,661.0 1,597.0 1,517.0 1,488.0 1,802.0 1,810.0 1,818.0 1,802.0
$26.81 $27.09 $27.23 $32.78 $49.32 $46.18 $48.71 $49.87
9,527.0 8,506.0 2,894.0 10,692.0 (14,631.0) (13,279.0) (6,633.0) (4,762.0)
$5.74 $5.33 $1.91 $7.19 ($8.12) ($7.34) ($3.65) ($2.64)
17,336.0 20,170.0 25,291.0 20,874.0 47,137.0 62,323.0 58,313.0 54,132.0
13,067.0 15,560.0 21,274.0 16,724.0 41,719.0 44,409.0 42,354.0 39,688.0
2,964.0 4,079.0 2,207.0 1,772.0 3,653.0 5,162.0 2,879.0 NA
6,872.0 6,776.0 7,200.0 7,200.0 8,800.0 11,120.0 10,136.0 NA
4,130.0 4,058.0 4,837.0 5,182.0 13,975.0 13,929.0 13,671.0 13,729.0
2,483.0 4,082.0 3,087.0 2,768.0 2,922.0 2,632.0 2,638.0 NA
Avg Cost Avg Cost Avg Cost Avg Cost Avg Cost Avg Cost Avg Cost NA
1,250.0 1,244.0 1,255.0 1,124.0 1,165.0 1,035.0 1,131.0 1,121.0
NA NA NA NA NA NA NA NA
16,068.0 16,912.0 18,908.0 19,400.0 21,265.0 22,976.0 24,008.0 NA
6,028.0 2,684.0 2,145.0 3,942.0 4,264.0 4,449.0 4,521.0 4,808.0
769.0 830.0 898.0 932.0 1,166.0 1,028.0 1,058.0 -
185,000 195,000 199,000 201,000 223,000 162,400 152,000 NA
NA NA NA NA NA 40,194 28,500 NA
157.0 153.0 187.0 192.0 295.0 426.0 170.0 NA
NC NC NC NC NC NC O O
RUP RUP RUP RUP RUP REP REP REP
The Walt Disney Company (NYSE:DIS) > Financials > Cash Flow
Cash Flow
Restated Reclassified
Net Income 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0

Depreciation & Amort. 1,580.0 1,602.0 1,659.0 1,784.0 1,957.0 2,064.0
Amort. of Goodwill and Intangibles 51.0 111.0 182.0 203.0 235.0 224.0
Depreciation & Amort., Total 1,631.0 1,713.0 1,841.0 1,987.0 2,192.0 2,288.0
11.11 11.87 12.06 11.44 11.30
262.89 160.80 148.40 147.63 157.66
(Gain) Loss From Sale Of Assets - (43.0) (75.0) - (33.0) (77.0)
(Gain) Loss On Sale Of Invest. (342.0) (75.0) - (198.0) (292.0) (222.0)
Asset Writedown & Restructuring Costs 279.0 132.0 - - - -
(Income) Loss on Equity Invest. (72.0) (440.0) 23.0 36.0 6.0 (136.0)
Stock-Based Compensation 361.0 391.0 423.0 408.0 402.0 408.0
Net Cash From Discontinued Ops. - - - - - -
Other Operating Activities 611.0 1,203.0 1,114.0 1,142.0 938.0 290.0
Change in Acc. Receivable 468.0 (686.0) (518.0) (108.0) (374.0) (480.0)
Change In Inventories (117.0) (127.0) (199.0) 18.0 51.0 (81.0)
Change in Acc. Payable (250.0) 649.0 (367.0) (608.0) 367.0 536.0
Change in Inc. Taxes 8.0 (144.0) 134.0 (242.0) 89.0 (96.0)
Change in Other Net Operating Assets (565.0) 42.0 (189.0) (151.0) (30.0) (151.0)
Cash from Ops. 5,319.0 6,578.0 6,994.0 7,966.0 9,452.0 9,780.0
Capital Expenditure (1,753.0) (2,110.0) (3,559.0) (3,784.0) (2,796.0) (3,311.0)

Sale of Property, Plant, and Equipment - 65.0 - - - -
Cash Acquisitions (176.0) (2,493.0) (184.0) (488.0) (2,443.0) (402.0)
Divestitures 185.0 - 559.0 - - -
Invest. in Marketable & Equity Securt. - 115.0 5.0 (490.0) 479.0 395.0
Net (Inc.) Dec. in Loans Originated/Sold - - - - - -
Other Investing Activities (11.0) (100.0) (107.0) 3.0 84.0 (27.0)
Cash from Investing (1,755.0) (4,523.0) (3,286.0) (4,759.0) (4,676.0) (3,345.0)
Short Term Debt Issued - 1,190.0 393.0 467.0 - 50.0

Long-Term Debt Issued 1,750.0 - 2,350.0 3,779.0 3,931.0 2,231.0
Total Debt Issued 1,750.0 1,190.0 2,743.0 4,246.0 3,931.0 2,281.0
Short Term Debt Repaid (1,985.0) - - - (2,050.0) -
Long-Term Debt Repaid (1,617.0) (1,371.0) (1,096.0) (3,822.0) (1,502.0) (1,648.0)
Total Debt Repaid (3,602.0) (1,371.0) (1,096.0) (3,822.0) (3,552.0) (1,648.0)
Issuance of Common Stock 119.0 1,133.0 1,128.0 1,008.0 587.0 404.0

Repurchase of Common Stock (138.0) (2,669.0) (4,993.0) (3,015.0) (4,087.0) (6,527.0)
Common Dividends Paid (648.0) (653.0) (756.0) (1,076.0) (1,324.0) (1,508.0)

Total Dividends Paid (648.0) (653.0) (756.0) (1,076.0) (1,324.0) (1,508.0)
Special Dividend Paid - - - - - -

Other Financing Activities (592.0) (293.0) (259.0) (326.0) 231.0 288.0
Cash from Financing (3,111.0) (2,663.0) (3,233.0) (2,985.0) (4,214.0) (6,710.0)
Foreign Exchange Rate Adj. (37.0) (87.0) (12.0) (20.0) (18.0) (235.0)
Net Change in Cash 416.0 (695.0) 463.0 202.0 544.0 (510.0)
Supplemental Items
Cash Interest Paid 485.0 393.0 377.0 718.0 316.0 310.0
Cash Taxes Paid 1,609.0 2,170.0 2,341.0 2,630.0 2,531.0 3,483.0
Levered Free Cash Flow 3,387.1 3,934.8 2,677.3 4,423.0 6,604.1 5,879.8
Unlevered Free Cash Flow 3,754.6 4,219.8 2,949.1 4,718.0 6,822.3 6,063.5
Change in Net Working Capital 141.0 109.0 686.0 (416.0) (1,043.0) 540.0
Net Debt Issued (1,852.0) (181.0) 1,647.0 424.0 379.0 633.0
Net Cash From Discontinued Ops. - Investing - - - - - -
Net Cash From Discontinued Ops. - Financing - - - - - -
Restatement Type RS RC NC NC NC NC
Calculation Type REP REP REP REP REP REP
Restated Restated LTM
8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0

2,132.0 2,320.0 2,586.0 2,758.0 2,844.0 3,140.0 3,068.0 3,058.0
222.0 207.0 196.0 253.0 1,323.0 2,205.0 2,043.0 2,024.0
2,354.0 2,527.0 2,782.0 3,011.0 4,167.0 5,345.0 5,111.0 5,082.0
11.81 11.79 10.98 10.71 11.11 11.42 11.28 10.94
157.65 167.92 196.03 150.52 78.24 162.77 150.07 141.59
- - - (560.0) - - - -
(91.0) (26.0) (34.0) - (4,733.0) (920.0) (332.0) 184.0
- - - - - 4,953.0 - -
(62.0) (127.0) 468.0 877.0 857.0 123.0 (7.0) 8.0
410.0 393.0 364.0 393.0 711.0 525.0 600.0 662.0
- - - - 622.0 2.0 1.0 0
74.0 2,186.0 (107.0) (1,187.0) (428.0) 1,099.0 (3,995.0) (3,323.0)
(211.0) (393.0) 107.0 (720.0) 55.0 1,943.0 (357.0) (434.0)
1.0 186.0 (5.0) (17.0) (223.0) 14.0 252.0 144.0
(49.0) 40.0 (368.0) 235.0 191.0 (2,293.0) 2,410.0 473.0
354.0 (598.0) 208.0 592.0 (6,599.0) (152.0) (282.0) (788.0)
223.0 (443.0) (52.0) (927.0) 932.0 (157.0) 171.0 192.0
11,385.0 13,136.0 12,343.0 14,295.0 6,606.0 7,618.0 5,567.0 5,282.0
(4,265.0) (4,773.0) (3,623.0) (4,465.0) (4,876.0) (4,022.0) (3,578.0) (3,799.0)

- - - - - - - -
- - (417.0) (1,581.0) (9,901.0) - - -
- - - - - - - -
- (850.0) - - - - - -
- - - - - - - -
20.0 (135.0) (71.0) 710.0 10,659.0 385.0 415.0 381.0
(4,245.0) (5,758.0) (4,111.0) (5,336.0) (4,118.0) (3,637.0) (3,163.0) (3,418.0)
2,376.0 - 1,247.0 - 4,318.0 - - -

2,550.0 6,065.0 4,820.0 1,056.0 38,240.0 18,120.0 64.0 -
4,926.0 6,065.0 6,067.0 1,056.0 42,558.0 18,120.0 64.0 96.0
- (920.0) - (1,768.0) - (3,354.0) (26.0) -
(2,221.0) (2,205.0) (2,364.0) (1,871.0) (38,881.0) (3,533.0) (3,737.0) -
(2,221.0) (3,125.0) (2,364.0) (3,639.0) (38,881.0) (6,887.0) (3,763.0) (3,569.0)
329.0 259.0 276.0 210.0 318.0 305.0 435.0 259.0

(6,095.0) (7,499.0) (9,368.0) (3,577.0) - - - -
(3,063.0) (2,313.0) (2,445.0) (2,515.0) (2,895.0) (1,587.0) - -

(3,063.0) (2,313.0) (2,445.0) (2,515.0) (2,895.0) (1,587.0) - -
- - - - - - - -
323.0 (607.0) (1,125.0) (378.0) (2,190.0) (1,471.0) (1,121.0) (1,130.0)
(5,801.0) (7,220.0) (8,959.0) (8,843.0) (1,090.0) 8,480.0 (4,385.0) (4,344.0)
(302.0) (123.0) 31.0 (25.0) (98.0) 38.0 30.0 (144.0)

1,037.0 35.0 (696.0) 91.0 1,300.0 12,499.0 (1,951.0) (2,624.0)
314.0 395.0 466.0 631.0 1,142.0 1,559.0 1,892.0 1,892.0

4,396.0 4,133.0 3,801.0 2,503.0 9,259.0 738.0 1,638.0 1,638.0
6,501.4 8,497.1 8,628.8 7,629.9 5,106.0 6,218.8 7,388.3 5,871.4
6,667.0 8,718.4 8,945.6 8,056.1 5,884.8 7,248.1 8,354.5 6,810.8
98.0 (1,517.0) (752.0) 156.0 1,636.0 (3,037.0) (4,039.0) (1,442.0)
2,705.0 2,940.0 3,703.0 (2,583.0) 3,677.0 11,233.0 (3,699.0) (3,473.0)
- - - - 10,978.0 213.0 8.0 8.0
- - - - (626.0) - - (12.0)
RS RS NC NC NC NC O O
REP REP REP REP REP REP REP LTM
The Walt Disney Company (NYSE:DIS) > Financials > Multiples
View: Data Frequency: Quarterly
Order: Latest on Right Decimals: Capital IQ (Default)
Dilution: Basic
In Millions of the reported currency, except per share items.
For Quarter Ending Mar-31-2009 Jun-30-2009 Sep-30-2009 Dec-31-2009 Mar-31-2010

TEV/LTM Total Revenue Average 1.31x 1.50x 1.68x 1.86x 2.00x
High 1.54x 1.66x 1.81x 1.98x 2.23x
Low 1.15x 1.31x 1.48x 1.74x 1.82x
Close 1.28x 1.53x 1.76x 1.97x 2.21x
TEV/NTM Total Revenues Average 1.34x 1.52x 1.67x 1.83x 1.94x

High 1.56x 1.66x 1.79x 1.94x 2.14x
Low 1.17x 1.35x 1.49x 1.71x 1.78x
Close 1.31x 1.54x 1.74x 1.94x 2.12x
TEV/LTM EBITDA Average 5.39x 6.54x 7.64x 8.53x 9.07x

High 6.09x 7.37x 8.33x 9.07x 10.02x
Low 4.83x 5.50x 6.55x 8.03x 8.33x
Close 5.37x 6.80x 8.09x 9.03x 9.93x
TEV/NTM EBITDA Average 6.08x 6.90x 7.29x 8.20x 8.45x

High 6.63x 7.46x 7.71x 8.82x 9.09x
Low 5.49x 6.31x 6.58x 7.35x 7.94x
Close 6.24x 6.83x 7.40x 8.77x 8.98x
TEV/LTM EBIT Average 6.54x 8.10x 9.60x 10.75x 11.42x

High 7.29x 9.18x 10.51x 11.43x 12.61x
Low 5.90x 6.72x 8.15x 10.13x 10.50x
Close 6.56x 8.46x 10.21x 11.37x 12.49x
TEV/NTM EBIT Average 7.33x 8.54x 9.45x 10.51x 10.72x

High 7.87x 9.15x 10.45x 11.13x 11.62x
Low 6.73x 7.78x 8.18x 9.88x 10.05x
Close 7.63x 8.50x 9.96x 11.08x 11.51x
P/LTM EPS Average 8.83x 11.79x 15.00x 17.32x 18.12x

High 10.67x 14.00x 16.85x 18.43x 20.18x
Low 7.43x 8.95x 12.04x 16.11x 16.66x
Close 8.65x 12.63x 16.26x 18.32x 19.95x
P/NTM EPS Average 10.19x 12.83x 14.40x 16.12x 16.13x

High 11.69x 14.83x 15.64x 17.22x 17.37x
Low 8.83x 10.78x 12.45x 14.84x 14.81x
Close 10.42x 13.00x 14.98x 17.12x 17.13x
P/LTM Normalized EPS Average 9.24x 12.09x 14.84x 17.09x 17.59x

High 11.00x 14.18x 16.52x 18.27x 19.31x
Low 7.84x 9.44x 12.19x 15.79x 16.32x
Close 9.13x 12.79x 15.94x 18.17x 19.09x
P/BV Average 1.08x 1.25x 1.39x 1.62x 1.69x

High 1.39x 1.41x 1.51x 1.79x 1.83x
Low 0.87x 1.05x 1.22x 1.44x 1.55x
Close 1.01x 1.28x 1.46x 1.78x 1.81x
P/Tangible BV Average 4.49x 4.94x 5.08x 5.64x 7.53x

High 5.82x 5.46x 5.66x 6.16x 9.44x
Low 3.61x 4.35x 4.69x 5.14x 5.57x
Close 4.20x 4.93x 5.19x 6.12x 9.34x
P/NTM CFPS Average 8.45x 9.92x 10.62x 11.38x 12.01x

High 10.89x 11.55x 11.79x 12.69x 13.33x
Low 6.38x 8.16x 9.29x 10.23x 10.85x
Close 10.38x 9.75x 11.59x 11.00x 13.18x
TEV/LTM Unlevered FCF Average 12.16x 14.76x 17.03x 18.31x 18.13x

High 14.79x 16.96x 18.32x 19.09x 19.36x
Low 10.43x 11.89x 15.07x 16.91x 16.82x
Close 11.60x 15.64x 17.80x 19.00x 19.17x
Market Cap/LTM Levered FCF Average 9.89x 12.71x 15.31x 16.91x 16.62x
High 12.88x 15.15x 16.80x 17.86x 17.82x
Low 7.92x 9.55x 13.03x 15.52x 15.06x
Close 9.23x 13.66x 16.21x 17.76x 17.62x
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to neg
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end date
Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Jun-30-2010 Sep-30-2010 Dec-31-2010 Mar-31-2011 Jun-30-2011 Sep-30-2011 Dec-30-2011 Mar-30-2012 Jun-29-2012
2.18x 2.04x 2.11x 2.34x 2.26x 1.92x 1.87x 2.12x 2.26x
2.35x 2.19x 2.20x 2.44x 2.40x 2.23x 1.98x 2.25x 2.43x
1.99x 1.90x 1.96x 2.19x 2.08x 1.65x 1.63x 2.00x 2.11x
1.99x 1.95x 2.18x 2.40x 2.15x 1.68x 1.97x 2.23x 2.43x
2.07x 1.94x 2.00x 2.19x 2.11x 1.81x 1.78x 2.02x 2.15x

2.24x 2.08x 2.06x 2.29x 2.24x 2.09x 1.88x 2.15x 2.30x
1.89x 1.82x 1.87x 2.06x 1.94x 1.57x 1.54x 1.90x 2.01x
1.89x 1.87x 2.04x 2.24x 2.01x 1.59x 1.87x 2.12x 2.30x
9.72x 8.79x 9.02x 9.77x 9.21x 7.75x 7.49x 8.33x 8.71x

10.56x 9.68x 9.42x 10.08x 9.88x 9.05x 7.89x 8.77x 9.31x
8.82x 8.03x 8.29x 9.35x 8.44x 6.64x 6.54x 8.00x 8.19x
8.82x 8.28x 9.33x 9.85x 8.72x 6.76x 7.85x 8.66x 9.31x
8.58x 8.05x 8.38x 8.73x 8.31x 7.21x 7.06x 7.87x 8.19x

9.49x 8.78x 8.77x 9.34x 8.78x 8.34x 7.46x 8.38x 8.63x
7.58x 7.56x 7.94x 8.28x 7.74x 6.20x 6.14x 7.55x 7.82x
7.58x 7.93x 8.43x 8.72x 8.00x 6.30x 7.42x 8.27x 8.63x
12.19x 10.91x 11.15x 12.02x 11.26x 9.47x 9.14x 10.14x 10.59x

13.29x 12.12x 11.68x 12.49x 12.10x 11.05x 9.63x 10.67x 11.30x
11.04x 9.91x 10.22x 11.44x 10.31x 8.11x 7.99x 9.75x 9.97x
11.04x 10.21x 11.56x 12.05x 10.65x 8.25x 9.57x 10.55x 11.30x
11.03x 10.00x 9.97x 10.33x 9.74x 8.51x 8.15x 8.95x 9.27x

12.10x 10.87x 10.50x 10.97x 10.18x 9.80x 8.86x 9.57x 9.69x
9.91x 9.20x 9.50x 9.77x 9.14x 7.32x 7.31x 8.39x 8.85x
9.91x 9.48x 10.04x 10.17x 9.45x 7.45x 8.28x 9.46x 9.69x
18.94x 16.83x 17.72x 19.11x 18.06x 15.07x 14.27x 15.90x 16.34x

21.46x 18.42x 18.69x 20.17x 19.44x 18.04x 15.38x 16.85x 17.38x
16.50x 15.42x 16.00x 17.92x 16.64x 12.53x 12.30x 15.20x 15.56x
16.50x 15.98x 18.48x 19.02x 17.28x 12.79x 14.88x 16.62x 17.38x
16.50x 15.21x 15.33x 15.93x 14.89x 12.57x 12.28x 13.81x 14.19x

18.25x 16.39x 16.14x 16.96x 15.94x 14.83x 13.11x 14.84x 14.91x
14.68x 14.10x 14.57x 14.92x 13.64x 10.58x 10.41x 13.16x 13.54x
14.68x 14.55x 15.40x 15.83x 14.18x 10.79x 12.89x 14.63x 14.91x
18.74x 17.24x 18.16x 19.84x 18.38x 15.12x 14.73x 16.68x 17.31x

20.54x 18.74x 19.09x 20.59x 20.05x 17.93x 15.68x 17.70x 18.51x
16.79x 15.88x 16.48x 18.81x 16.54x 12.67x 12.43x 15.93x 16.35x
16.79x 16.46x 18.87x 19.97x 17.19x 12.93x 15.59x 17.46x 18.51x
1.82x 1.74x 1.84x 2.07x 1.99x 1.65x 1.66x 2.02x 2.16x

1.95x 1.85x 1.92x 2.19x 2.15x 1.96x 1.82x 2.19x 2.32x
1.66x 1.63x 1.69x 1.91x 1.80x 1.38x 1.36x 1.85x 2.02x
1.66x 1.68x 1.89x 2.14x 1.87x 1.41x 1.81x 2.16x 2.32x
8.50x 7.31x 7.98x 9.26x 8.48x 6.69x 7.22x 9.34x 10.33x

10.04x 7.96x 8.62x 9.74x 9.56x 8.05x 8.40x 10.17x 11.31x
7.13x 6.72x 6.97x 8.59x 7.43x 5.54x 5.43x 8.53x 9.39x
7.13x 6.96x 8.52x 9.52x 7.72x 5.65x 8.35x 10.03x 11.31x
13.56x 12.60x 11.61x 11.36x 10.93x 9.11x 8.29x 9.13x 9.21x

15.32x 13.46x 13.50x 12.49x 11.55x 11.31x 8.87x 9.80x 9.89x
11.77x 11.73x 10.53x 10.59x 10.31x 7.31x 7.18x 8.58x 8.62x
11.77x 12.35x 10.84x 11.24x 10.76x 7.46x 8.82x 9.21x 9.89x
22.34x 22.91x 20.99x 24.30x 23.63x 18.38x 22.23x 22.98x 23.73x

25.52x 25.15x 23.91x 27.57x 27.14x 21.98x 27.34x 29.01x 27.66x
18.48x 20.99x 18.89x 19.77x 20.50x 15.42x 15.18x 19.08x 19.09x
22.91x 21.64x 19.63x 27.04x 21.18x 15.68x 27.21x 20.19x 27.66x
20.99x 21.57x 19.53x 22.88x 22.14x 16.64x 20.20x 21.14x 21.89x

24.43x 24.02x 22.70x 26.28x 25.80x 20.44x 25.20x 27.04x 25.84x
16.86x 19.49x 17.32x 18.20x 18.85x 13.52x 13.26x 17.33x 17.34x
21.52x 20.19x 18.05x 25.69x 19.58x 13.79x 25.06x 18.52x 25.84x
ul, due to negative values, then they will not be displayed in the chart.
eriod end date.

Sep-28-2012 Dec-31-2012 Mar-28-2013 Jun-28-2013 Sep-30-2013 Dec-31-2013 Mar-31-2014 Jun-30-2014 Sep-30-2014
2.46x 2.43x 2.66x 2.99x 2.93x 3.05x 3.28x 3.35x 3.50x
2.57x 2.57x 2.82x 3.13x 3.10x 3.28x 3.48x 3.46x 3.57x
2.38x 2.31x 2.44x 2.78x 2.75x 2.87x 3.03x 3.24x 3.37x
2.54x 2.40x 2.78x 2.94x 2.91x 3.28x 3.35x 3.46x 3.50x
2.33x 2.29x 2.48x 2.79x 2.74x 2.87x 3.10x 3.18x 3.33x

2.43x 2.43x 2.62x 2.93x 2.90x 3.08x 3.29x 3.29x 3.39x
2.25x 2.17x 2.30x 2.58x 2.58x 2.69x 2.84x 3.06x 3.21x
2.41x 2.27x 2.59x 2.76x 2.73x 3.08x 3.17x 3.29x 3.32x
9.23x 8.91x 9.83x 10.99x 10.67x 11.08x 11.60x 11.41x 11.64x

9.55x 9.49x 10.52x 11.67x 11.31x 11.88x 12.14x 11.92x 11.81x
8.89x 8.52x 8.89x 10.35x 10.03x 10.45x 10.60x 10.92x 11.17x
9.38x 8.77x 10.37x 10.74x 10.59x 11.88x 11.71x 11.61x 11.58x
8.64x 8.39x 9.02x 10.03x 9.88x 10.29x 11.08x 11.43x 11.42x

8.94x 8.96x 9.49x 10.49x 10.42x 11.06x 11.73x 11.83x 12.01x
8.38x 7.98x 8.42x 9.34x 9.33x 9.69x 10.15x 10.91x 10.83x
8.85x 8.30x 9.36x 9.89x 9.82x 11.06x 11.31x 11.83x 11.02x
11.18x 10.76x 11.90x 13.31x 12.92x 13.45x 14.02x 13.66x 13.83x

11.59x 11.47x 12.75x 14.15x 13.68x 14.42x 14.62x 14.36x 14.07x
10.75x 10.31x 10.72x 12.55x 12.15x 12.67x 12.77x 13.03x 13.23x
11.34x 10.58x 12.57x 12.99x 12.83x 14.42x 14.10x 13.85x 13.72x
9.80x 9.54x 10.29x 11.56x 11.32x 11.77x 12.76x 12.86x 13.10x

10.32x 10.34x 10.83x 12.19x 12.06x 12.83x 13.48x 13.28x 13.41x
9.43x 8.93x 9.55x 10.70x 10.74x 10.83x 11.82x 12.44x 12.47x
10.22x 9.42x 10.72x 11.44x 10.95x 12.83x 13.00x 13.21x 12.97x
17.07x 16.19x 17.51x 19.63x 19.43x 20.70x 21.89x 21.55x 21.74x

17.89x 17.51x 18.63x 20.99x 20.34x 22.60x 22.91x 22.46x 22.45x
16.26x 15.04x 16.16x 18.29x 18.39x 19.27x 19.73x 20.62x 20.54x
17.29x 15.91x 18.32x 19.13x 19.54x 22.60x 22.01x 22.06x 21.38x
14.88x 14.61x 15.58x 17.33x 17.15x 17.91x 19.24x 19.59x 20.10x

15.48x 15.51x 16.24x 18.30x 18.13x 19.39x 20.40x 20.26x 20.58x
14.38x 13.51x 14.82x 15.94x 16.11x 16.91x 17.71x 18.83x 19.14x
15.30x 14.59x 15.97x 17.09x 17.15x 19.39x 19.59x 20.26x 19.80x
18.31x 17.48x 18.86x 21.29x 20.97x 22.15x 23.28x 22.79x 23.09x

19.06x 18.88x 20.07x 22.61x 22.12x 24.09x 24.34x 23.86x 23.68x
17.52x 16.42x 17.40x 19.70x 19.73x 20.67x 20.96x 21.76x 21.91x
18.63x 17.13x 19.74x 20.85x 20.96x 24.09x 23.38x 23.28x 22.81x
2.31x 2.25x 2.41x 2.73x 2.69x 2.77x 2.99x 3.11x 3.31x

2.39x 2.40x 2.53x 2.89x 2.86x 2.98x 3.20x 3.25x 3.40x
2.22x 2.13x 2.26x 2.49x 2.51x 2.63x 2.73x 2.95x 3.19x
2.36x 2.23x 2.49x 2.70x 2.67x 2.98x 3.07x 3.25x 3.32x
10.12x 9.20x 13.94x 17.01x 14.33x 12.60x 13.31x 13.82x 14.55x

11.64x 9.69x 17.18x 19.35x 16.82x 14.23x 14.63x 14.34x 14.97x
8.99x 8.79x 9.35x 15.56x 12.46x 11.26x 11.56x 13.26x 14.07x
9.56x 9.20x 16.90x 15.86x 13.25x 12.62x 14.05x 14.18x 14.65x
10.15x 10.15x 10.22x 11.48x 11.74x 12.86x 13.87x 13.28x 13.39x

10.71x 10.72x 10.82x 12.31x 12.42x 14.05x 14.66x 14.56x 13.76x
9.64x 9.55x 9.65x 10.28x 11.22x 11.89x 12.76x 11.58x 12.82x
10.58x 9.92x 10.30x 11.40x 11.93x 14.05x 14.27x 13.23x 13.27x
27.98x 24.36x 27.42x 26.42x 20.80x 20.36x 19.43x 20.94x 24.20x

29.12x 29.14x 31.25x 34.66x 22.80x 21.50x 21.19x 22.99x 25.25x
27.05x 21.18x 21.92x 21.28x 19.10x 19.40x 17.05x 18.17x 22.81x
28.81x 21.62x 30.81x 21.64x 20.17x 21.21x 18.82x 22.99x 24.77x
26.47x 22.88x 25.45x 24.59x 19.29x 19.01x 18.15x 19.58x 22.68x

27.89x 27.91x 29.06x 32.74x 21.17x 20.15x 19.90x 21.57x 23.68x
25.18x 19.55x 20.34x 19.59x 17.66x 18.04x 15.75x 16.90x 21.39x
27.55x 20.03x 28.59x 19.96x 18.76x 19.91x 17.57x 21.57x 23.18x
Dec-31-2014 Mar-31-2015 Jun-30-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016 Jun-30-2016 Sep-30-2016 Dec-30-2016
3.48x 3.76x 4.00x 3.89x 3.90x 3.29x 3.34x 3.13x 3.14x
3.62x 4.00x 4.14x 4.35x 4.19x 3.57x 3.52x 3.33x 3.38x
3.24x 3.47x 3.89x 3.42x 3.64x 3.02x 3.16x 2.97x 2.95x
3.58x 3.88x 4.11x 3.65x 3.64x 3.33x 3.26x 3.01x 3.34x
3.29x 3.54x 3.72x 3.60x 3.63x 3.12x 3.17x 3.01x 3.04x

3.41x 3.74x 3.84x 4.03x 3.92x 3.34x 3.34x 3.17x 3.26x
3.07x 3.27x 3.64x 3.17x 3.39x 2.90x 3.00x 2.88x 2.86x
3.37x 3.63x 3.81x 3.38x 3.40x 3.17x 3.10x 2.91x 3.22x
11.55x 12.38x 13.16x 12.83x 12.59x 10.33x 10.33x 9.69x 9.76x

12.05x 13.09x 13.68x 14.36x 13.43x 11.39x 10.91x 10.29x 10.48x
10.72x 11.49x 12.76x 11.25x 11.60x 9.35x 9.76x 9.20x 9.12x
11.90x 12.70x 13.59x 11.99x 11.60x 10.33x 10.07x 9.30x 10.37x
11.08x 11.80x 12.08x 11.54x 11.56x 10.00x 10.37x 9.89x 9.94x

11.73x 12.33x 12.51x 12.86x 12.42x 10.61x 10.86x 10.46x 10.63x
10.05x 11.05x 11.77x 10.19x 10.80x 9.28x 9.98x 9.41x 9.39x
11.59x 11.96x 12.17x 10.81x 10.80x 10.29x 10.31x 9.52x 10.54x
13.68x 14.63x 15.51x 15.10x 14.74x 11.99x 11.94x 11.20x 11.32x

14.27x 15.44x 16.13x 16.92x 15.80x 13.29x 12.61x 11.90x 12.21x
12.70x 13.56x 15.05x 13.24x 13.54x 10.82x 11.28x 10.63x 10.54x
14.10x 14.98x 16.01x 14.10x 13.54x 11.94x 11.64x 10.75x 12.07x
12.83x 13.29x 13.51x 13.12x 13.28x 11.30x 11.59x 10.97x 11.19x

13.40x 13.80x 14.03x 14.45x 14.33x 12.14x 12.12x 11.62x 12.10x
11.98x 12.53x 13.12x 11.69x 12.37x 10.58x 11.12x 10.43x 10.40x
13.23x 13.39x 13.79x 12.45x 12.37x 11.57x 11.47x 10.54x 11.97x
21.36x 22.83x 23.91x 22.97x 22.92x 18.72x 18.53x 17.39x 17.23x

22.42x 24.11x 24.74x 26.06x 24.50x 21.02x 19.72x 18.45x 18.42x
19.63x 20.92x 23.35x 19.86x 21.38x 16.60x 17.38x 16.48x 16.32x
22.11x 23.32x 24.56x 21.28x 21.44x 18.56x 18.01x 16.69x 18.19x
19.55x 20.58x 20.88x 20.00x 19.97x 16.79x 17.00x 16.19x 16.47x

20.40x 21.50x 21.87x 22.50x 21.24x 18.18x 18.05x 16.93x 17.76x
18.17x 19.56x 20.13x 17.49x 18.56x 15.50x 16.01x 15.56x 15.47x
20.12x 20.80x 21.15x 18.73x 18.56x 17.06x 16.59x 15.77x 17.57x
22.69x 24.29x 25.42x 24.49x 23.76x 18.98x 18.72x 17.40x 17.57x

23.85x 25.66x 26.28x 27.68x 25.72x 21.32x 19.99x 18.60x 19.08x
20.94x 22.27x 24.80x 21.23x 21.76x 16.83x 17.52x 16.41x 16.25x
23.52x 24.82x 26.09x 22.75x 21.76x 18.81x 18.16x 16.62x 18.84x
3.40x 3.87x 4.12x 3.85x 4.04x 3.68x 3.86x 3.69x 3.66x

3.63x 4.17x 4.27x 4.47x 4.53x 3.85x 4.11x 3.86x 3.90x
3.05x 3.45x 4.01x 3.28x 3.53x 3.44x 3.64x 3.53x 3.49x
3.58x 4.04x 4.21x 3.52x 3.92x 3.84x 3.77x 3.57x 3.85x
15.51x 18.75x 18.49x 15.93x 18.01x 17.62x 18.56x 17.43x 18.03x

16.91x 20.60x 21.10x 18.92x 21.16x 18.74x 19.86x 18.41x 19.82x
13.45x 16.10x 16.95x 13.34x 14.37x 16.06x 17.34x 16.59x 16.43x
16.67x 19.93x 17.83x 14.30x 18.32x 18.68x 17.97x 16.80x 19.57x
13.75x 15.43x 15.97x 15.04x 15.04x 13.05x 13.31x 12.38x 12.41x

15.89x 16.41x 16.68x 16.88x 16.12x 13.70x 14.43x 12.91x 12.99x
12.18x 11.71x 15.12x 13.26x 13.97x 11.92x 11.54x 11.73x 11.63x
15.67x 15.87x 15.91x 13.98x 13.97x 13.61x 11.96x 12.39x 12.82x
26.80x 29.95x 33.33x 30.17x 29.41x 27.86x 26.78x 22.52x 21.06x

29.41x 31.52x 35.62x 37.39x 32.42x 29.91x 31.51x 24.40x 21.65x
22.92x 27.67x 30.72x 24.63x 26.36x 24.96x 23.14x 21.06x 19.86x
29.04x 30.57x 35.38x 26.25x 28.30x 29.83x 23.89x 21.29x 21.39x
25.05x 28.35x 31.78x 28.69x 27.63x 25.65x 24.54x 20.48x 19.18x

27.76x 29.97x 34.11x 35.93x 30.21x 27.54x 29.19x 22.24x 19.86x
21.28x 26.01x 29.14x 23.11x 24.88x 22.98x 20.95x 19.09x 17.93x
27.38x 28.99x 33.86x 24.76x 26.40x 27.46x 21.72x 19.33x 19.60x
Mar-31-2017 Jun-30-2017 Sep-29-2017 Dec-29-2017 Mar-29-2018 Jun-29-2018 Sep-28-2018 Dec-28-2018 Mar-29-2019
3.52x 3.49x 3.26x 3.27x 3.36x 3.17x 3.31x 3.28x 3.20x
3.62x 3.69x 3.50x 3.53x 3.55x 3.29x 3.48x 3.48x 3.72x
3.39x 3.31x 3.08x 3.08x 3.13x 3.04x 3.17x 2.88x 3.03x
3.62x 3.38x 3.13x 3.41x 3.18x 3.19x 3.43x 3.06x 3.72x
3.37x 3.32x 3.10x 3.10x 3.17x 3.01x 3.17x 3.17x 3.09x

3.45x 3.52x 3.35x 3.32x 3.34x 3.13x 3.31x 3.35x 3.57x
3.27x 3.15x 2.93x 2.94x 2.97x 2.90x 3.01x 2.83x 2.95x
3.45x 3.22x 2.98x 3.21x 3.02x 3.03x 3.30x 3.06x 3.04x
11.08x 11.04x 10.39x 10.54x 10.87x 10.32x 10.89x 10.90x 10.83x

11.51x 11.74x 11.05x 11.39x 11.44x 10.76x 11.36x 11.48x 12.69x
10.53x 10.45x 9.89x 9.88x 10.17x 9.95x 10.35x 9.65x 10.15x
11.51x 10.66x 10.03x 11.01x 10.34x 10.41x 11.31x 10.24x 12.69x
10.84x 10.64x 9.96x 9.97x 10.43x 9.95x 10.59x 10.70x 10.58x

11.08x 11.16x 10.88x 10.81x 10.93x 10.33x 11.16x 11.23x 12.15x
10.67x 10.20x 9.26x 9.35x 9.81x 9.57x 9.73x 9.40x 9.90x
11.00x 10.44x 9.46x 10.45x 9.97x 9.79x 11.08x 10.16x 11.37x
12.98x 13.00x 12.32x 12.57x 13.01x 12.37x 13.06x 13.10x 13.06x

13.55x 13.81x 13.03x 13.60x 13.67x 12.90x 13.63x 13.78x 15.33x
12.26x 12.33x 11.78x 11.76x 12.19x 11.93x 12.41x 11.62x 12.23x
13.55x 12.57x 11.94x 13.15x 12.39x 12.48x 13.58x 12.33x 15.33x
12.30x 12.08x 11.27x 11.39x 11.98x 11.64x 12.31x 12.38x 12.40x

12.55x 12.62x 12.13x 12.27x 12.54x 12.24x 12.84x 12.96x 14.16x
11.98x 11.59x 10.58x 10.67x 11.39x 11.17x 11.69x 11.08x 11.65x
12.48x 11.87x 10.82x 11.86x 11.58x 11.76x 12.81x 11.97x 13.42x
19.62x 19.37x 18.12x 18.18x 16.60x 14.05x 14.39x 13.95x 14.58x

20.47x 20.91x 19.29x 19.65x 19.77x 14.62x 15.53x 15.01x 15.79x
18.51x 18.13x 17.22x 17.19x 14.05x 13.31x 13.79x 12.00x 12.72x
20.47x 18.53x 17.48x 18.89x 14.33x 14.04x 14.76x 12.83x 15.21x
18.25x 17.68x 16.44x 16.61x 15.69x 14.16x 15.19x 15.76x 15.85x

18.82x 18.84x 17.87x 17.96x 18.00x 14.86x 16.12x 16.38x 16.44x
17.77x 16.70x 15.37x 15.66x 13.93x 13.59x 14.18x 14.02x 14.92x
18.57x 17.11x 15.87x 17.24x 14.20x 14.29x 15.87x 15.32x 16.44x
20.38x 20.36x 19.23x 19.54x 20.12x 19.07x 20.34x 20.54x 20.23x

21.29x 21.75x 20.42x 21.26x 21.39x 20.12x 21.43x 21.57x 20.94x
19.17x 19.19x 18.30x 18.28x 18.61x 18.36x 19.23x 18.04x 19.12x
21.29x 19.62x 18.59x 20.44x 18.97x 19.37x 21.21x 19.29x 20.17x
4.07x 4.02x 3.82x 3.82x 3.77x 3.46x 3.65x 3.58x 3.36x

4.20x 4.29x 4.04x 4.11x 4.13x 3.62x 3.85x 3.87x 3.44x
3.92x 3.80x 3.65x 3.65x 3.41x 3.30x 3.46x 3.06x 3.21x
4.20x 3.88x 3.71x 3.95x 3.48x 3.48x 3.81x 3.27x 3.31x
20.67x 19.78x 19.70x 39.75x 41.90x 25.90x 22.44x 18.51x 14.36x

21.28x 21.74x 21.67x 58.61x 58.96x 31.19x 25.43x 22.60x 15.70x
19.92x 18.26x 18.15x 19.63x 29.99x 21.79x 20.77x 13.97x 13.17x
21.28x 18.66x 19.97x 56.36x 30.57x 22.99x 22.23x 14.93x 13.56x
13.87x 13.79x 12.66x 12.25x 11.59x 10.32x 11.14x 12.37x 12.28x

14.56x 14.83x 13.93x 12.90x 12.96x 10.75x 11.89x 13.43x 15.64x
13.05x 12.93x 11.74x 11.84x 10.24x 9.75x 10.21x 11.30x 10.99x
14.56x 13.25x 12.13x 12.41x 10.43x 10.29x 11.89x 12.57x 15.64x
22.30x 22.26x 20.92x 20.41x 20.66x 19.05x 22.03x 23.82x 24.57x

22.82x 23.26x 22.55x 21.58x 21.68x 20.03x 24.50x 24.86x 29.29x
21.73x 21.34x 19.73x 19.70x 19.37x 17.96x 18.69x 21.26x 22.37x
22.82x 21.76x 20.00x 20.87x 19.69x 18.81x 24.50x 22.55x 29.29x
20.53x 20.46x 19.10x 18.33x 18.41x 16.95x 20.07x 22.06x 23.07x

21.07x 21.52x 20.74x 19.37x 19.47x 17.76x 22.57x 22.95x 28.08x
19.95x 19.49x 17.89x 17.65x 17.08x 15.97x 16.72x 19.58x 20.75x
21.07x 19.92x 18.17x 18.62x 17.40x 16.84x 22.57x 20.94x 28.08x
Jun-28-2019 Sep-30-2019 Dec-31-2019 Mar-31-2020 Jun-30-2020 Sep-30-2020 Dec-31-2020 Mar-31-2021 Jun-30-2021
4.76x 5.00x 4.61x 3.93x 3.35x 3.93x 4.73x 6.24x 6.41x
5.32x 5.45x 4.73x 4.64x 3.69x 4.36x 5.91x 6.94x 6.58x
3.75x 4.64x 4.24x 2.85x 3.04x 3.34x 3.91x 5.42x 6.19x
5.25x 4.65x 4.55x 3.11x 3.33x 4.06x 5.91x 6.42x 6.40x
3.54x 3.81x 3.82x 3.49x 3.78x 4.34x 4.72x 5.40x 5.00x

3.83x 3.90x 4.03x 3.94x 4.30x 4.60x 5.55x 5.79x 5.36x
2.97x 3.67x 3.58x 2.62x 3.01x 3.97x 4.21x 5.09x 4.64x
3.78x 3.69x 3.87x 3.05x 4.00x 4.30x 5.55x 5.23x 4.83x
16.76x 19.23x 19.34x 17.02x 15.66x 19.75x 26.81x 46.24x 52.95x

19.05x 20.29x 20.33x 19.91x 17.89x 22.24x 34.60x 58.87x 55.78x
12.78x 18.65x 18.47x 12.43x 13.28x 16.20x 19.99x 31.71x 50.01x
18.80x 18.72x 19.52x 13.57x 16.12x 20.73x 34.60x 54.46x 51.64x
14.77x 16.50x 16.44x 15.73x 23.79x 35.35x 35.49x 36.43x 30.99x

16.47x 16.98x 17.43x 17.33x 30.43x 38.41x 44.10x 43.34x 35.03x
11.46x 15.55x 15.44x 12.08x 16.29x 27.67x 26.10x 33.41x 27.30x
16.24x 16.05x 16.84x 16.60x 29.40x 34.58x 38.23x 34.20x 28.33x
20.46x 24.40x 25.64x 24.31x 24.60x 34.89x 59.37x 160.79x 202.26x

23.40x 26.38x 27.53x 27.63x 28.86x 40.78x 87.18x 231.71x 219.56x
15.45x 22.90x 23.91x 18.45x 19.71x 26.14x 36.64x 79.90x 185.75x
23.08x 24.23x 26.26x 20.14x 26.01x 38.01x 87.18x 214.37x 191.82x
17.23x 19.55x 20.24x 18.77x 45.84x 55.53x 50.13x 48.29x 37.73x

19.00x 20.45x 21.19x 21.53x 65.15x 62.60x 63.26x 60.01x 42.65x
13.39x 18.35x 19.10x 14.31x 21.25x 50.42x 34.45x 40.48x 32.83x
18.75x 19.72x 20.31x 21.53x 61.07x 51.73x 55.89x 40.48x 33.37x
16.17x 17.18x 20.77x 21.60x 34.05x 43.85x NM NM NM

19.17x 18.79x 24.19x 25.82x 47.76x 45.36x NM NM NM
14.72x 15.50x 16.97x 15.30x 16.75x 42.09x NM NM NM
15.65x 17.26x 23.07x 17.23x 41.84x NM NM NM NM
20.40x 23.53x 25.47x 23.52x 108.76x 148.19x 99.64x 82.50x 55.43x

22.46x 25.18x 27.55x 27.09x 279.12x 299.04x 140.28x 111.82x 69.72x
15.82x 20.95x 22.83x 16.99x 24.60x 75.35x 51.48x 66.68x 44.67x
22.08x 23.45x 26.44x 25.04x NM 125.94x 96.95x 67.80x 47.15x
25.01x 29.88x 34.74x 35.14x 37.30x 59.11x 136.10x 218.73x NM

27.42x 33.63x 39.58x 42.12x 46.07x 71.72x 224.94x 235.89x NM
20.34x 26.70x 29.66x 24.96x 27.32x 40.60x 62.68x 202.41x NM
26.96x 30.17x 37.38x 28.11x 40.36x 65.65x 224.94x NM NM
3.15x 2.73x 2.79x 2.53x 2.19x 2.56x 3.05x 3.99x 3.85x

4.17x 2.90x 3.07x 3.00x 2.52x 2.82x 3.92x 4.36x 4.09x
2.60x 2.56x 2.52x 1.70x 1.86x 2.22x 2.47x 3.53x 3.60x
2.77x 2.57x 2.93x 1.92x 2.20x 2.58x 3.92x 3.98x 3.73x
15.58x NM NM NM NM NM NM NM NM
NM NM NM NM NM NM NM NM NM
16.62x 18.94x 8.27x 8.41x 10.34x 18.86x 26.58x 34.52x 28.23x

19.71x 21.54x 20.00x 14.27x 19.73x 20.33x 57.88x 52.75x 30.61x
14.89x 15.37x 6.23x 4.08x 4.46x 15.59x 15.07x 29.77x 23.80x
16.61x 20.12x 6.27x 4.59x 18.57x 15.79x 37.12x 29.77x 24.89x
37.58x 55.67x 57.24x 36.82x 29.03x 32.07x 39.55x 86.76x 91.15x

42.03x 68.70x 63.32x 54.08x 33.72x 33.57x 53.31x 119.92x 113.63x
29.51x 41.15x 49.47x 22.25x 23.78x 29.93x 30.16x 48.86x 71.82x
41.46x 62.35x 53.01x 24.29x 30.39x 31.28x 53.31x 110.94x 74.17x
33.38x 48.98x 52.46x 33.31x 25.20x 28.66x 37.11x 101.24x 106.42x

35.63x 61.83x 56.31x 51.47x 30.43x 30.41x 52.75x 148.93x 139.95x
28.31x 34.69x 44.74x 17.77x 19.46x 26.31x 26.58x 47.56x 77.95x
35.03x 55.21x 50.23x 20.02x 26.66x 27.84x 52.75x 136.10x 80.94x
Sep-30-2021 Dec-31-2021 Mar-22-2022
6.18x 5.30x 4.54x
6.67x 5.92x 5.09x
5.68x 4.66x 3.95x
5.68x 5.01x 4.23x
4.75x 4.21x 3.71x

5.03x 4.63x 4.11x
4.44x 3.76x 3.26x
4.44x 4.04x 3.49x
48.21x 37.29x 27.56x

53.81x 44.77x 32.27x
42.93x 29.57x 22.88x
42.93x 31.75x 24.48x
26.73x 23.03x 20.48x

29.79x 25.14x 23.45x
24.10x 20.47x 17.38x
24.10x 22.89x 18.60x
151.53x 93.15x 62.52x

199.86x 116.22x 80.65x
111.43x 73.88x 46.10x
111.43x 79.37x 49.33x
32.16x 26.23x 22.61x

35.62x 29.80x 25.12x
28.39x 22.75x 19.84x
28.39x 24.73x 21.23x
286.48x 198.37x 106.71x

297.51x 284.39x 142.24x
270.72x 128.06x 75.07x
270.72x 139.54x 81.51x
44.15x 37.78x 32.99x

49.99x 41.15x 38.60x
38.25x 33.09x 27.00x
38.25x 37.88x 29.27x
NM 203.50x 147.00x
NM 232.47x 210.40x
NM 189.43x 92.55x
NM 206.41x 100.49x
3.74x 3.32x 2.95x

3.92x 3.68x 3.24x
3.51x 2.92x 2.59x
3.51x 3.18x 2.81x
NM NM NM
NM NM NM
NM NM NM
NM NM NM
27.78x 43.39x 31.92x

51.75x 51.69x 37.29x
20.68x 20.20x 26.45x
49.03x 36.59x 28.72x
62.46x 44.04x 42.68x

77.28x 51.97x 49.64x
49.83x 35.74x 35.82x
49.83x 40.40x 45.30x
65.73x 42.68x 40.59x

84.90x 52.16x 48.48x
49.65x 33.23x 32.92x
49.65x 38.11x 43.45x
The Walt Disney Company (NYSE:DIS) > Financials > Historical Capitalization
In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Trading Currency Conversion: Today's Spot Rate
Dilution: Basic
Historical Capitalization
Balance Sheet as of:
Dec-27-2008 Mar-28-2009 Jun-27-2009 Oct-03-2009 Jan-02-2010 Apr-03-2010
Pricing as of* Feb-03-2009 May-05-2009 Jul-30-2009 Dec-02-2009 Feb-09-2010 May-11-2010
Capitalization Detail
Share Price $20.62 $23.15 $26.22 $30.79 $29.84 $35.76
Shares Out. 1,856.3 1,856.8 1,858.6 1,865.0 1,939.5 1,958.6
Market Capitalization 38,277.6 42,983.8 48,731.4 57,423.7 57,875.1 70,038.1

- Cash & Short Term Investments 3,795.0 3,369.0 3,128.0 3,417.0 3,204.0 3,075.0
+ Total Debt 16,003.0 14,728.0 13,694.0 12,927.0 13,831.0 13,241.0
+ Pref. Equity - - - - - -
+ Total Minority Interest 1,260.0 1,027.0 1,102.0 1,691.0 1,778.0 1,489.0
- Long Term Marketable Securities - - - - - -
= Total Enterprise Value (TEV) 51,745.6 55,369.8 60,399.4 68,624.7 70,280.1 81,693.1
Book Value of Common Equity 32,655.0 33,272.0 34,296.0 33,734.0 36,180.0 37,480.0
+ Pref. Equity - - - - - -
+ Total Minority Interest 1,260.0 1,027.0 1,102.0 1,691.0 1,778.0 1,489.0
+ Total Debt 16,003.0 14,728.0 13,694.0 12,927.0 13,831.0 13,241.0
= Total Capital 49,918.0 49,027.0 49,092.0 48,352.0 51,789.0 52,210.0
* Pricing as of the filing date of the balance sheet period end date. For
TEV calculation purposes on this page Capital IQ only uses balance
sheet components from the original filing that is publicly available as of
a given pricing date and does not use restated balance sheet data
from a later filing. In the cases where a company did not disclose
balance sheet values for a particular period, TEV is calculated using
balance sheet components from the last reported balance sheet as of
this date. The table above is organized along period end dates.
** For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company level
market capitalization. Please click on the value to see the detailed
calculation. Prices shown on this page are the close price of the
company’s primary stock class. Shares shown on this page are total
company as-reported share values.
Historical Equity Pricing Data supplied by Interactive Data Pricing and
Reference Data LLC
Jul-03-2010 Oct-02-2010 Jan-01-2011 Apr-02-2011 Jul-02-2011 Oct-01-2011 Dec-31-2011 Mar-31-2012 Jun-30-2012
Aug-10-2010 Nov-24-2010 Feb-08-2011 May-10-2011 Aug-09-2011 Nov-23-2011 Feb-07-2012 May-08-2012 Aug-07-2012
$35.29 $36.87 $41.18 $43.91 $34.7 $33.4 $40.98 $44.3 $49.81

1,912.6 1,893.6 1,899.1 1,890.2 1,856.0 1,796.5 1,792.4 1,787.4 1,794.3
67,495.9 69,816.4 78,203.7 82,996.6 64,403.4 60,003.5 73,450.9 79,180.3 89,372.8

2,951.0 2,722.0 3,039.0 3,094.0 3,519.0 3,185.0 3,766.0 3,731.0 4,374.0
12,646.0 12,704.0 12,772.0 12,772.0 13,238.0 14,283.0 14,386.0 16,029.0 15,023.0
- - - - - - - - -
1,642.0 1,823.0 1,942.0 1,662.0 1,976.0 2,068.0 2,166.0 1,863.0 2,067.0
- - - - - - - - -
78,832.9 81,621.4 89,878.7 94,336.6 76,098.4 73,169.5 86,236.9 93,341.3 102,088.8
37,959.0 37,519.0 37,797.0 38,650.0 38,946.0 37,385.0 37,257.0 38,049.0 40,006.0

- - - - - - - - -
1,642.0 1,823.0 1,942.0 1,662.0 1,976.0 2,068.0 2,166.0 1,863.0 2,067.0
12,646.0 12,704.0 12,772.0 12,772.0 13,238.0 14,283.0 14,386.0 16,029.0 15,023.0
52,247.0 52,046.0 52,511.0 53,084.0 54,160.0 53,736.0 53,809.0 55,941.0 57,096.0
Sep-29-2012 Dec-29-2012 Mar-30-2013 Jun-29-2013 Sep-28-2013 Dec-28-2013 Mar-29-2014 Jun-28-2014 Sep-27-2014
Nov-21-2012 Feb-05-2013 May-07-2013 Aug-06-2013 Nov-20-2013 Feb-05-2014 May-06-2014 Aug-05-2014 Nov-19-2014
$48.68 $54.29 $66.07 $67.05 $69.23 $71.76 $81.03 $86.75 $89.82

1,772.1 1,805.4 1,800.9 1,786.4 1,757.3 1,752.1 1,731.8 1,716.5 1,695.7
86,266.9 98,017.1 118,988.2 119,781.0 121,656.5 125,727.8 140,331.3 148,910.2 152,308.7

3,387.0 3,207.0 3,952.0 3,932.0 3,931.0 4,397.0 4,078.0 4,090.0 3,421.0
14,612.0 17,448.0 16,937.0 15,003.0 14,580.0 15,401.0 15,689.0 16,136.0 15,177.0
- - - - - - - - -
2,199.0 2,354.0 2,055.0 2,371.0 2,721.0 2,972.0 2,751.0 3,092.0 3,220.0
- - - - - - - - -
99,690.9 114,612.1 134,028.2 133,223.0 135,026.5 139,703.8 154,693.3 164,048.2 167,284.7
39,759.0 41,016.0 42,089.0 43,536.0 45,429.0 44,324.0 44,889.0 45,520.0 44,958.0

- - - - - - - - -
2,199.0 2,354.0 2,055.0 2,371.0 2,721.0 2,972.0 2,751.0 3,092.0 3,220.0
14,612.0 17,448.0 16,937.0 15,003.0 14,580.0 15,401.0 15,689.0 16,136.0 15,177.0
56,570.0 60,818.0 61,081.0 60,910.0 62,730.0 62,697.0 63,329.0 64,748.0 63,355.0
Dec-27-2014 Mar-28-2015 Jun-27-2015 Oct-03-2015 Jan-02-2016 Apr-02-2016 Jul-02-2016 Oct-01-2016 Dec-31-2016
Feb-03-2015 May-05-2015 Aug-04-2015 Nov-25-2015 Feb-09-2016 May-10-2016 Aug-09-2016 Nov-23-2016 Feb-07-2017
$94.1 $110.81 $121.69 $118.67 $92.32 $106.6 $96.67 $98.26 $109.0

1,699.6 1,696.8 1,687.9 1,653.2 1,631.6 1,622.4 1,607.1 1,591.5 1,581.2
159,928.9 188,018.1 205,395.4 196,182.6 150,626.6 172,952.2 155,358.5 156,377.0 172,356.1

5,077.0 3,745.0 4,475.0 4,269.0 4,301.0 5,015.0 5,227.0 4,610.0 3,736.0
16,543.0 14,957.0 15,273.0 17,336.0 18,915.0 21,122.0 20,441.0 20,364.0 20,490.0
- - - - - - - - -
3,628.0 3,699.0 3,988.0 4,130.0 4,240.0 3,886.0 3,953.0 4,058.0 3,967.0
- - - - - - - - -
175,022.9 202,929.1 220,181.4 213,379.6 169,480.6 192,945.2 174,525.5 176,189.0 193,077.1
44,165.0 46,038.0 46,519.0 44,525.0 43,958.0 44,124.0 44,193.0 43,265.0 43,210.0

- - - - - - - - -
3,628.0 3,699.0 3,988.0 4,130.0 4,240.0 3,886.0 3,953.0 4,058.0 3,967.0
16,543.0 14,957.0 15,273.0 17,336.0 18,915.0 21,122.0 20,441.0 20,364.0 20,490.0
64,336.0 64,694.0 65,780.0 65,991.0 67,113.0 69,132.0 68,587.0 67,687.0 67,667.0
Apr-01-2017 Jul-01-2017 Sep-30-2017 Dec-30-2017 Mar-31-2018 Jun-30-2018 Sep-29-2018 Dec-29-2018 Mar-30-2019
May-09-2017 Aug-08-2017 Nov-22-2017 Feb-06-2018 May-08-2018 Aug-07-2018 Nov-21-2018 Feb-05-2019 May-09-2019
$112.07 $106.98 $102.74 $106.17 $101.79 $116.56 $113.03 $112.66 $133.59

1,564.9 1,543.5 1,510.3 1,503.7 1,490.5 1,487.2 1,488.7 1,490.8 1,799.7
175,376.0 165,121.6 155,169.5 159,645.2 151,720.4 173,353.0 168,264.5 167,950.9 240,421.8

3,800.0 4,336.0 4,017.0 4,677.0 4,179.0 4,326.0 4,150.0 4,455.0 10,108.0
21,653.0 22,187.0 25,291.0 26,091.0 24,684.0 23,673.0 20,874.0 20,665.0 56,961.0
- - - - - - - - -
3,483.0 3,520.0 4,837.0 4,936.0 4,650.0 5,120.0 5,182.0 5,201.0 15,504.0
- - - - - - - - -
196,712.0 186,492.6 181,280.5 185,995.2 176,875.4 197,820.0 190,170.5 189,361.9 302,778.8
43,784.0 42,531.0 41,315.0 43,289.0 45,151.0 46,088.0 48,773.0 50,316.0 89,938.0

- - - - - - - - -
3,483.0 3,520.0 4,837.0 4,936.0 4,650.0 5,120.0 5,182.0 5,201.0 15,504.0
21,653.0 22,187.0 25,291.0 26,091.0 24,684.0 23,673.0 20,874.0 20,665.0 56,961.0
68,920.0 68,238.0 71,443.0 74,316.0 74,485.0 74,881.0 74,829.0 76,182.0 162,403.0
Jun-29-2019 Sep-28-2019 Dec-28-2019 Mar-28-2020 Jun-27-2020 Oct-03-2020 Jan-02-2021 Apr-03-2021 Jul-03-2021
Aug-07-2019 Nov-20-2019 Feb-04-2020 May-05-2020 Aug-04-2020 Nov-25-2020 Feb-11-2021 May-13-2021 Aug-12-2021
$134.86 $146.93 $144.73 $101.06 $117.29 $149.09 $190.91 $178.34 $179.29

1,801.4 1,802.4 1,805.4 1,806.3 1,807.1 1,810.5 1,815.3 1,816.9 1,817.1
242,934.0 264,826.4 261,301.1 182,541.3 211,950.5 269,925.2 346,552.0 324,031.7 325,792.6

6,728.0 5,418.0 6,833.0 14,339.0 23,115.0 17,914.0 17,068.0 15,890.0 16,070.0
58,234.0 47,137.0 51,932.0 59,555.0 68,313.0 62,323.0 58,275.0 56,146.0 55,838.0
- - - - - - - - -
14,781.0 13,975.0 14,045.0 13,566.0 13,759.0 13,929.0 13,987.0 13,656.0 13,873.0
- - - - - - - - -
309,221.0 320,520.4 320,445.1 241,323.3 270,907.5 328,263.2 401,746.0 377,943.7 379,433.6
90,472.0 88,877.0 89,757.0 90,407.0 85,866.0 83,583.0 84,071.0 85,540.0 86,741.0

- - - - - - - - -
14,781.0 13,975.0 14,045.0 13,566.0 13,759.0 13,929.0 13,987.0 13,656.0 13,873.0
58,234.0 47,137.0 51,932.0 59,555.0 68,313.0 62,323.0 58,275.0 56,146.0 55,838.0
163,487.0 149,989.0 155,734.0 163,528.0 167,938.0 159,835.0 156,333.0 155,342.0 156,452.0
Oct-02-2021 Jan-01-2022
Nov-24-2021 Feb-09-2022
USD USD
$151.34 $147.23
1,817.7 1,820.6
275,084.1 268,051.9
15,959.0 14,444.0
58,313.0 54,132.0
- -
13,671.0 13,729.0
- -
331,109.1 321,468.9
88,553.0 89,864.0
- -
13,671.0 13,729.0
58,313.0 54,132.0
160,537.0 157,725.0
The Walt Disney Company (NYSE:DIS) > Financials > Capital Structure Summary
In Millions of the reported currency, except ratios and % of Total
values. Restatement: Latest Filings Period Type: Annual
Order: Latest on Right
Capital Structure Data

For the Fiscal Period Ending
12 months Oct-03-2009 12 months Oct-02-2010 12 months Oct-01-2011
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions % of Total
Total Debt 12,927.0 26.7% 12,704.0 24.4% 14,265.0 26.6%

Total Common Equity 33,734.0 69.8% 37,519.0 72.1% 37,385.0 69.6%
Total Minority Interest 1,691.0 3.5% 1,823.0 3.5% 2,068.0 3.8%
Total Capital 48,352.0 100.0% 52,046.0 100.0% 53,718.0 100.0%

Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
Debt Summary Data

For the Fiscal Period Ending
12 months Oct-03-2009 12 months Oct-02-2010 12 months Oct-01-2011
Units Millions % of Total Millions % of Total Millions % of Total
Total Commercial Paper - - 1,190.0 9.4% 1,583.0 11.1%

Total Revolving Credit 1,920.0 14.9% 1,738.0 13.7% 1,066.0 7.5%
Total Term Loans 1,350.0 10.4% 1,346.0 10.6% 1,724.0 12.1%
Total Senior Bonds and Notes 7,965.0 61.6% 7,088.0 55.8% 8,491.0 59.5%
Total Lease Liabilities 226.0 1.7% 224.0 1.8% 288.0 2.0%
General/Other Borrowings 1,175.0 9.1% 804.0 6.3% 829.0 5.8%
Total Principal Due 12,636.0 97.7% 12,390.0 97.5% 13,981.0 98.0%
Total Adjustments 291.0 2.3% 314.0 2.5% 284.0 2.0%

Total Debt Outstanding 12,927.0 100.0% 12,704.0 100.0% 14,265.0 100.0%
Available Credit
Undrawn Revolving Credit - - - - - -
Total Undrawn Credit - - - - - -
Additional Totals
Total Cash & ST Investments 3,417.0 - 2,722.0 - 3,185.0 -
Net Debt 9,510.0 - 9,982.0 - 11,080.0 -
Total Senior Debt 11,505.0 89.0% 11,299.0 88.9% 12,863.0 90.2%
Total Subordinated Debt 1,131.0 8.7% 1,091.0 8.6% 1,118.0 7.8%
Subordinated Debt 1,131.0 8.7% 1,091.0 8.6% 1,118.0 7.8%
Total Short-Term Borrowings - - 1,190.0 9.4% 1,583.0 11.1%
Curr. Port. of LT Debt/Cap. Leases 1,206.0 9.3% 1,160.0 9.1% 1,472.0 10.3%
Long-Term Debt (Incl. Cap. Leases) 11,721.0 90.7% 10,354.0 81.5% 11,210.0 78.6%
Total Bank Debt 3,270.0 25.3% 3,084.0 24.3% 2,790.0 19.6%
Total Secured Debt 1,742.0 13.5% 1,565.0 12.3% 927.0 6.5%
Senior Secured Loans 1,014.0 7.8% 873.0 6.9% 639.0 4.5%
Total Senior Secured Debt 1,742.0 13.5% 1,565.0 12.3% 927.0 6.5%
Total Unsecured Debt 10,894.0 84.3% 10,825.0 85.2% 13,054.0 91.5%
Senior Unsecured Bonds and Notes 7,965.0 61.6% 7,088.0 55.8% 8,491.0 59.5%
Fixed Rate Debt 2,424.0 18.8% 2,256.0 17.8% 1,645.0 11.5%
Variable Rate Debt 9,429.0 72.9% 8,499.0 66.9% 9,750.0 68.3%
Hedging Activities 291.0 2.3% 315.0 2.5% 284.0 2.0%
Credit Ratios
Net Debt/EBITDA 1.3x - 1.2x - 1.2x -
Total Debt/EBITDA 1.8x - 1.5x - 1.5x -
Total Senior Debt/EBITDA 1.6x - 1.3x - 1.3x -
Total Senior Secured/EBITDA 0.2x - 0.2x - 0.1x -
Total Sub. Debt/EBITDA 0.2x - 0.1x - 0.1x -
Subordinated Debt/EBITDA 0.2x - 0.1x - 0.1x -
Net Debt/(EBITDA-CAPEX) 1.7x - 1.6x - 1.8x -
Total Debt/(EBITDA-CAPEX) 2.3x - 2.0x - 2.4x -
Total Senior Debt/(EBITDA-CAPEX) 2.1x - 1.8x - 2.1x -
Total Senior Secured/(EBITDA-CAPEX) 0.3x - 0.2x - 0.2x -
Total Sub. Debt/(EBITDA-CAPEX) 0.2x - 0.2x - 0.2x -
Subordinated Debt/(EBITDA-CAPEX) 0.2x - 0.2x - 0.2x -
Fixed Payment Schedule

LT Debt (Incl. Cap. Leases) Due +1 1,202.0 9.3% 2,349.0 18.5% 3,063.0 21.5%
LT Debt (Incl. Cap. Leases) Due +4 1,939.6 15.0% 1,528.9 12.0% 223.1 1.6%
LT Debt (Incl. Cap. Leases) Due +5 1,516.6 11.7% 215.3 1.7% 1,559.9 10.9%
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs 7,458.4 57.7% 7,606.7 59.9% 8,440.2 59.2%
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs 5,193.6 40.2% 4,799.3 37.8% 5,558.8 39.0%
Cap. Lease Payment Due +1 16.0 - 17.0 - 18.0 -

Cap. Lease Payment Due, Next 5 Yrs 55.4 - 65.7 - 97.2 -
Cap. Lease Payment Due, After 5 Yrs 186.6 - 175.3 - 208.8 -
Cap. Lease Payment Due (incl. Interest) +1 - - - - - -
Operating Lease Commitment Due +1 421.0 - 424.0 - 502.0 -
Operating Lease Commitment Due, Next 5 Yrs 1,519.0 - 1,470.0 - 1,635.0 -
Operating Lease Commitment Due, After 5 Yrs 517.0 - 549.0 - 592.0 -
Contractual Obligations Due +1 1,250.0 - 6,709.0 - 7,212.0 -

Contractual Obligations Due + 2 1,252.0 - 4,449.0 - 4,640.5 -
Contractual Obligations Due + 3 1,252.0 - 4,449.0 - 4,640.5 -
Contractual Obligations Due + 4 168.5 - 2,339.5 - 3,450.0 -
Contractual Obligations Due + 5 168.5 - 2,339.5 - 3,450.0 -
Contractual Obligations Due, Next 5 Yrs 4,091.0 - 20,286.0 - 23,393.0 -
Contractual Obligations Due, After 5 Yrs 741.0 - 4,810.0 - 16,773.0 -
Total Contractual Obligations 4,832.0 - 25,096.0 - 40,166.0 -
Interest Rate Data

W/Avg. Interest Rate - Total Debt - - - - - -
Filing Date Nov-23-2011 - Nov-21-2012 - Nov-20-2013 -

Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
12 months Sep-29-2012 12 months Sep-28-2013 12 months Sep-27-2014 12 months Oct-03-2015 12 months Oct-01-201
USD USD USD USD USD
Millions % of Total Millions % of Total Millions % of Total Millions % of Total Millions
14,595.0 25.8% 14,382.0 23.0% 14,795.0 23.5% 17,336.0 26.3% 20,170.0

39,759.0 70.3% 45,429.0 72.6% 44,958.0 71.4% 44,525.0 67.5% 43,265.0
2,199.0 3.9% 2,721.0 4.4% 3,220.0 5.1% 4,130.0 6.3% 4,058.0
56,553.0 100.0% 62,532.0 100.0% 62,973.0 100.0% 65,991.0 100.0% 67,493.0
USD USD USD USD USD

1.0 1.0 1.0 1.0 1.0
S S S S S
12 months Sep-29-2012 12 months Sep-28-2013 12 months Sep-27-2014 12 months Oct-03-2015 12 months Oct-01-201
USD USD USD USD USD
Millions % of Total Millions % of Total Millions % of Total Millions % of Total Millions
2,050.0 14.0% - - 50.0 0.3% 2,430.0 14.0% 1,521.0

- - 44.0 0.3% 88.0 0.6% 198.0 1.1% 198.0
1,140.0 7.8% 740.0 5.1% 695.0 4.7% 564.0 3.3% 1,371.0
10,207.0 69.9% 13,110.0 91.2% 13,700.0 92.6% 13,960.0 80.5% 16,760.0
284.0 1.9% - - - - - - -
618.0 4.2% 232.0 1.6% 220.0 1.5% 140.0 0.8% 141.0
14,299.0 98.0% 14,126.0 98.2% 14,753.0 99.7% 17,292.0 99.7% 19,991.0
296.0 2.0% 256.0 1.8% 42.0 0.3% 44.0 0.3% 179.0

14,595.0 100.0% 14,382.0 100.0% 14,795.0 100.0% 17,336.0 100.0% 20,170.0
- - - - - - - - -
- - - - - - - - -
3,387.0 - 3,931.0 - 3,421.0 - 4,269.0 - 4,610.0
11,208.0 - 10,451.0 - 11,374.0 - 13,067.0 - 15,560.0
14,299.0 98.0% 14,126.0 98.2% 14,753.0 99.7% 17,292.0 99.7% 19,991.0
- - - - - - - - -
- - - - - - - - -
2,050.0 14.0% - - 50.0 0.3% 2,430.0 14.0% 1,521.0
1,564.0 10.7% 1,606.0 11.2% 2,114.0 14.3% 2,133.0 12.3% 2,166.0
10,981.0 75.2% 12,776.0 88.8% 12,631.0 85.4% 12,773.0 73.7% 16,483.0
1,140.0 7.8% 784.0 5.5% 783.0 5.3% 762.0 4.4% 1,569.0
284.0 1.9% - - - - - - -
- - - - - - - - -
284.0 1.9% - - - - - - -
14,015.0 96.0% 14,126.0 98.2% 14,753.0 99.7% 17,292.0 99.7% 19,991.0
10,207.0 69.9% 13,110.0 91.2% 13,700.0 92.6% 13,960.0 80.5% 16,760.0
379.0 2.6% 12,558.0 87.3% 12,858.0 86.9% 13,968.0 80.6% 17,207.0
11,414.0 78.2% 1,403.0 9.8% 1,647.0 11.1% 664.0 3.8% 1,031.0
296.0 2.0% 211.0 1.5% 149.0 1.0% 131.0 0.8% 159.0
1.0x - 0.9x - 0.8x - 0.8x - 0.9x

1.3x - 1.2x - 1.1x - 1.1x - 1.2x
1.3x - 1.2x - 1.1x - 1.1x - 1.2x
0.0x - - - - - - - -
- - - - - - - - -
- - - - - - - - -
1.6x - 1.2x - 1.1x - 1.2x - 1.3x
2.0x - 1.6x - 1.4x - 1.5x - 1.6x
2.0x - 1.6x - 1.4x - 1.5x - 1.6x
0.0x - - - - - - - -
- - - - - - - - -
- - - - - - - - -
3,628.0 24.9% 1,526.0 10.6% 2,193.0 14.8% 4,577.0 26.4% 3,706.0

1,479.1 10.1% 2,042.1 14.2% 2,052.9 13.9% 2,133.7 12.3% 1,822.4
1,248.2 8.6% 2,051.2 14.3% 2,178.2 14.7% 1,833.1 10.6% 2,764.2
1,559.6 10.7% 1,699.0 11.8% 1,329.8 9.0% 1,536.5 8.9% 900.6
1,718.2 11.8% 1,325.2 9.2% 1,536.2 10.4% 896.5 5.2% 2,121.6
9,633.1 66.0% 8,643.6 60.1% 9,290.2 62.8% 10,976.8 63.3% 11,314.8
4,682.9 32.1% 5,819.4 40.5% 5,737.8 38.8% 6,496.2 37.5% 9,035.2
17.0 - 18.0 - 33.0 - 27.0 - 20.0

21.1 - 28.1 - 14.9 - 12.7 - 7.4
25.2 - 15.2 - 14.2 - 8.1 - 5.2
12.6 - 14.0 - 7.8 - 5.5 - 4.6
10.2 - 7.2 - 5.2 - 4.5 - 4.6
86.1 - 82.6 - 75.2 - 57.8 - 41.8
214.9 - 209.4 - 186.8 - 164.2 - 152.2
- - - - - - - - -
471.0 - 507.0 - 460.0 - 463.0 - 477.0
378.0 - 422.0 - 392.0 - 389.0 - 376.0
295.0 - 342.0 - 327.0 - 326.0 - 329.0
225.0 - 272.0 - 268.0 - 281.0 - 278.0
163.0 - 217.0 - 225.0 - 239.0 - 227.0
1,532.0 - 1,760.0 - 1,672.0 - 1,698.0 - 1,687.0
791.0 - 1,784.0 - 1,715.0 - 1,626.0 - 1,419.0
6,966.0 - 8,633.0 - 7,091.0 - 7,179.0 - 7,999.0

5,239.0 - 5,460.0 - 5,543.5 - 6,762.5 - 6,872.0
5,239.0 - 5,460.0 - 5,543.5 - 6,762.5 - 6,872.0
4,185.5 - 4,594.0 - 4,698.5 - 6,378.5 - 6,711.0
4,185.5 - 4,594.0 - 4,698.5 - 6,378.5 - 6,711.0
25,815.0 - 28,741.0 - 27,575.0 - 33,461.0 - 35,165.0
21,580.0 - 26,919.0 - 23,238.0 - 26,300.0 - 22,492.0
47,395.0 - 55,660.0 - 50,813.0 - 59,761.0 - 57,657.0
- - - - - - - - -
Nov-19-2014 - Nov-25-2015 - Nov-23-2016 - Nov-22-2017 - Nov-21-2018
USD USD USD USD USD

1.0 1.0 1.0 1.0 1.0
S S S S S
ths Oct-01-2016 12 months Sep-30-2017 12 months Sep-29-2018 12 months Sep-28-2019 12 months Oct-03-2020
USD USD USD USD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions % of Total
29.9% 25,291.0 35.4% 20,874.0 27.9% 47,137.0 31.4% 62,323.0 39.0%

64.1% 41,315.0 57.8% 48,773.0 65.2% 88,877.0 59.3% 83,583.0 52.3%
6.0% 4,837.0 6.8% 5,182.0 6.9% 13,975.0 9.3% 13,929.0 8.7%
100.0% 71,443.0 100.0% 74,829.0 100.0% 149,989.0 100.0% 159,835.0 100.0%
USD USD USD USD

1.0 1.0 1.0 1.0
S S S S
ths Oct-01-2016 12 months Sep-30-2017 12 months Sep-29-2018 12 months Sep-28-2019 12 months Oct-03-2020
USD USD USD USD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions % of Total
7.5% 2,772.0 11.0% 1,005.0 4.8% 5,342.0 11.3% 2,023.0 3.2%

1.0% 13.0 0.1% 0 0.0% - - 0 0.0%
6.8% 2,720.0 10.8% 1,143.0 5.5% - - 1,197.0 1.9%
83.1% 19,696.0 77.9% 18,852.0 90.3% 39,424.0 83.6% 54,600.0 87.6%
- - - - - 151.0 0.3% 3,695.0 5.9%
0.7% 132.0 0.5% 159.0 0.8% 2,189.0 4.6% 74.0 0.1%
99.1% 25,333.0 100.2% 21,159.0 101.4% 47,106.0 99.9% 61,589.0 98.8%
0.9% (42.0) (0.2%) (285.0) (1.4%) 31.0 0.1% 734.0 1.2%

100.0% 25,291.0 100.0% 20,874.0 100.0% 47,137.0 100.0% 62,323.0 100.0%
- - - 269.0 - - - - -
- - - 269.0 - - - - -
- 4,017.0 - 4,150.0 - 5,418.0 - 17,914.0 -
- 21,274.0 - 16,724.0 - 41,719.0 - 44,409.0 -
99.1% 25,333.0 100.2% 21,159.0 101.4% 47,106.0 99.9% 61,589.0 98.8%
- - - - - - - - -
- - - - - - - - -
7.5% 2,772.0 11.0% 1,005.0 4.8% 5,342.0 11.3% 2,023.0 3.2%
10.7% 3,400.0 13.4% 2,785.0 13.3% 3,534.0 7.5% 4,472.0 7.2%
81.7% 19,119.0 75.6% 17,084.0 81.8% 38,261.0 81.2% 55,828.0 89.6%
7.8% 2,733.0 10.8% 1,143.0 5.5% - - 1,197.0 1.9%
- - - - - 151.0 0.3% 3,695.0 5.9%
- - - - - - - - -
- - - - - 151.0 0.3% 3,695.0 5.9%
99.1% 25,333.0 100.2% 21,159.0 101.4% 46,955.0 99.6% 57,894.0 92.9%
83.1% 19,696.0 77.9% 18,852.0 90.3% 39,424.0 83.6% 54,600.0 87.6%
85.3% 18,801.0 74.3% 17,955.0 86.0% - - 54,200.0 87.0%
5.1% 2,139.0 8.5% 2,143.0 10.3% - - 1,597.0 2.6%
0.8% 49.0 0.2% 106.0 0.5% 124.0 0.3% 509.0 0.8%
- 1.3x - 0.9x - 2.6x - 4.2x -

- 1.5x - 1.2x - 2.9x - 5.9x -
- 1.5x - 1.2x - 2.9x - 5.9x -
- - - - - 0.0x - 0.4x -
- - - - - - - - -
- - - - - - - - -
- 1.6x - 1.2x - 3.7x - 6.8x -
- 1.9x - 1.6x - 4.2x - 9.6x -
- 1.9x - 1.6x - 4.2x - 9.5x -
- - - - - 0.0x - 0.6x -
- - - - - - - - -
- - - - - - - - -
18.4% 6,130.0 24.2% 3,738.1 17.9% 7,420.0 15.7% 5,221.8 8.4%

9.0% 2,797.0 11.1% 2,945.9 14.1% 3,578.6 7.6% 2,959.5 4.7%
13.7% 2,979.0 11.8% 2,069.2 9.9% 3,578.3 7.6% 2,957.5 4.7%
4.5% 2,091.4 8.3% 1,876.8 9.0% 2,328.0 4.9% 3,396.7 5.5%
10.5% 1,933.7 7.6% 1,019.7 4.9% 2,327.8 4.9% 3,394.7 5.4%
56.1% 15,931.1 63.0% 11,649.8 55.8% 19,232.7 40.8% 17,930.2 28.8%
44.8% 9,500.9 37.6% 9,378.2 44.9% 27,904.3 59.2% 41,005.8 65.8%
- 12.0 - 12.0 - 5.0 - 37.0 -

- 4.3 - 5.8 - 5.5 - 22.9 -
- 3.8 - 5.2 - 5.2 - 20.8 -
- 3.8 - 5.0 - 4.7 - 16.3 -
- 3.8 - 4.4 - 4.4 - 14.3 -
- 27.7 - 32.4 - 24.8 - 111.3 -
- 113.3 - 121.6 - 126.2 - 196.7 -
- - - - - - - - -
- 580.0 - 681.0 - 982.0 - 840.0 -
- 472.0 - 571.0 - 849.0 - 635.0 -
- 401.0 - 470.0 - 670.0 - 494.0 -
- 324.0 - 381.0 - 532.0 - 367.0 -
- 244.0 - 261.0 - 407.0 - 310.0 -
- 2,021.0 - 2,364.0 - 3,440.0 - 2,646.0 -
- 1,327.0 - 1,220.0 - 2,491.0 - 1,565.0 -
- 8,487.0 - 9,133.0 - 14,687.0 - 15,094.0 -

- 7,743.5 - 8,294.5 - 10,591.0 - 8,970.5 -
- 7,743.5 - 8,294.5 - 10,591.0 - 8,970.5 -
- 6,431.0 - 5,838.0 - 6,239.5 - 6,176.5 -
- 6,431.0 - 5,838.0 - 6,239.5 - 6,176.5 -
- 36,836.0 - 37,398.0 - 48,348.0 - 45,388.0 -
- 18,125.0 - 14,509.0 - 14,984.0 - 13,380.0 -
- 54,961.0 - 51,907.0 - 63,332.0 - 58,768.0 -
- - - - - - - - -
- Nov-20-2019 - Nov-25-2020 - Nov-24-2021 - Nov-24-2021 -
USD USD USD USD

1.0 1.0 1.0 1.0
S S S S
12 months Oct-02-2021 3 months Jan-01-2022
USD USD
Millions % of Total Millions % of Total
58,313.0 36.3% 54,132.0 34.3%

88,553.0 55.2% 89,864.0 57.0%
13,671.0 8.5% 13,729.0 8.7%
160,537.0 100.0% 157,725.0 100.0%
USD USD
1.0 1.0
S S
12 months Oct-02-2021 3 months Jan-01-2022

USD USD
Millions % of Total Millions % of Total
1,992.0 3.4% 1,870.0 3.5%

0 0.0% 33.0 0.1%
1,300.0 2.2% 1,400.0 2.6%
51,100.0 87.6% 49,100.0 90.7%
3,907.0 6.7% - -
- - 2,091.0 3.9%
58,299.0 100.0% 54,494.0 100.7%
14.0 0.0% (362.0) (0.7%)

58,313.0 100.0% 54,132.0 100.0%
9,058.0 - 9,147.0 -
9,058.0 - 9,147.0 -
15,959.0 - 14,444.0 -
42,354.0 - 39,688.0 -
58,299.0 100.0% 54,494.0 100.7%
- - - -
- - - -
1,992.0 3.4% 1,870.0 3.5%
4,552.0 7.8% 4,913.0 9.1%
51,769.0 88.8% 47,349.0 87.5%
1,300.0 2.2% 1,433.0 2.6%
3,907.0 6.7% - -
- - - -
3,907.0 6.7% - -
54,392.0 93.3% 54,494.0 100.7%
51,100.0 87.6% 49,100.0 90.7%
51,300.0 88.0% 49,433.0 91.3%
1,100.0 1.9% 1,100.0 2.0%
(18.0) (0.0%) (276.0) (0.5%)
4.3x - 2.9x -
5.9x - 3.9x -
5.9x - 3.9x -
0.4x - - -
- - - -
- - - -
6.7x - 4.0x -
9.3x - 5.4x -
9.3x - 5.4x -
0.6x - - -
- - - -
- - - -
4,984.3 8.5% - -
1,987.6 3.4% - -
2,989.3 5.1% - -
3,505.2 6.0% - -
4,034.5 6.9% - -
17,501.0 30.0% - -
35,215.0 60.4% - -
41.0 - - -
21.1 - - -
17.0 - - -
15.4 - - -
13.0 - - -
107.5 - - -
179.5 - - -
59.0 - - -
707.0 - - -
601.0 - - -
467.0 - - -
415.0 - - -
298.0 - - -
2,488.0 - - -
2,057.0 - - -
17,879.0 - - -
13,021.0 - - -
10,993.0 - - -
10,567.0 - - -
6,342.0 - - -
58,802.0 - - -
31,406.0 - - -
90,208.0 - - -
3.6% - - -
Nov-24-2021 - Feb-09-2022 -
USD USD
1.0 1.0
S S
The Walt Disney Company (NYSE:DIS) > Financials > Capital Structure Details
Principal Due in Millions of the
reported currency. Period Type: Annual Source: A 2021 filed Nov-24-2021
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
FY 2021 (Oct-02-2021) Capital Structure As Reported Details
Coupon/Base
Description Type Principal Due (USD) Rate Floating Rate Maturity Seniority Secured
Capital Leases Capital Lease 287.0 6.300% NA - Senior Yes
Commercial Paper Commercial Paper 1,992.0 0.310% NA - Senior No
Facility Expiring March 2022 Revolving Credit - NA LIBOR + 1.630% Mar-04-2022 Senior No
Fixed Rate Notes Bonds and Notes 48,100.0 1.650% - 9.500% NA - Senior No
Fixed Rate Senior Notes : CAD Bonds and Notes 1,000.0 2.760% NA Oct-31-2024 Senior No
Fixed Rate Senior Notes : CAD Bonds and Notes 1,000.0 3.057% NA Mar-30-2027 Senior No
Floating Rate Notes Bonds and Notes 1,000.0 0.540% LIBOR-US - Senior No
Hong Kong Disneyland Resort Term Loans 100.0 NA 3-month HIBOR + 2.000% Sep-01-2025 Senior No
with Loans HKD
Line of Credit Revolving Credit - 8.000% NA - Senior No
Loan Term Loans 1,200.0 8.000% NA Mar-01-2036 Senior No
Operating Lease Capital Lease 3,620.0 2.400% NA - Senior Yes
FY 2020 (Oct-03-2020) Capital Structure As Reported Details
Coupon/Base
Description Type Principal Due (USD) Rate Floating Rate Maturity Seniority Secured
Capital Leases Capital Lease 308.0 6.300% NA - Senior Yes
Commercial Paper Commercial Paper 2,023.0 0.310% NA - Senior No
Facility Expiring April 2021 * Revolving Credit - NA LIBOR + 1.800% Apr-09-2021 Senior No
Facility Expiring March 2021 * Revolving Credit - NA LIBOR + 1.800% Mar-05-2021 Senior No
Fixed Rate Notes * Bonds and Notes 51,200.0 1.650% - 9.500% NA - Senior No
Fixed Rate Senior Notes : CAD Bonds and Notes 900.0 2.760% NA Oct-31-2024 Senior No
*
Fixed Rate Senior Notes : CAD Bonds and Notes 1,000.0 3.057% NA Mar-30-2027 Senior No
*
Floating Rate Notes * Bonds and Notes 1,500.0 0.540% LIBOR-US - Senior No
Hong Kong Disneyland Resort Term Loans 97.0 NA 3-month HIBOR + 2.000% Sep-01-2025 Senior No
with Loans HKD *
Loan * Term Loans 1,100.0 8.000% NA Mar-01-2036 Senior No
Operating Lease Capital Lease 3,387.0 2.400% NA - Senior Yes
Other Debt Other Borrowings 74.0 NA NA - Senior No
Revolving Credit Facility * Revolving Credit - NA 3-month HIBOR + 1.250% Dec-31-2023 Senior No
Repayme
nt
Convertible Currency
No USD
No USD
No USD
No USD
No USD
No USD
No CAD
No CAD
No USD
No HKD
No CNY
No CNY
No USD
Repayme
nt
Convertible Currency
No USD
No USD
No USD
No USD
No USD
No USD
No USD
No CAD
No CAD
No USD
No HKD
No CNY
No USD
No USD
No HKD
The Walt Disney Company (NYSE:DIS) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual
Order: Latest on Right Decimals: Capital IQ (Default)
Ratios
Profitability
Return on Assets % 5.7% 6.4% 6.9% 7.6% 7.6% 8.7%
Return on Capital % 7.3% 8.4% 9.2% 10.2% 9.9% 11.5%
Return on Equity % 10.4% 11.5% 13.3% 15.2% 14.7% 16.6%
Return on Common Equity % 10.0% 11.1% 12.8% 14.7% 14.4% 16.6%
Margin Analysis
Gross Margin % 15.8% 17.7% 19.0% 44.8% 44.4% 45.9%
SG&A Margin % NA NA NA 18.8% 18.6% 17.5%
EBITDA Margin % 20.3% 22.2% 23.5% 25.9% 25.8% 28.3%
EBITA Margin % 15.9% 18.0% 19.5% 21.7% 21.5% 24.1%
EBIT Margin % 15.8% 17.7% 19.0% 21.2% 21.0% 23.6%
Earnings from Cont. Ops Margin % 10.0% 11.3% 12.9% 14.6% 14.7% 16.4%
Net Income Margin % 9.1% 10.4% 11.8% 13.4% 13.6% 15.4%
Net Income Avail. for Common Margin % 9.1% 10.4% 11.8% 13.4% 13.6% 15.4%
Normalized Net Income Margin % 9.2% 10.2% 11.2% 12.5% 12.6% 14.4%
Levered Free Cash Flow Margin % 9.4% 10.3% 6.5% 10.5% 14.7% 12.0%
Unlevered Free Cash Flow Margin % 10.4% 11.1% 7.2% 11.2% 15.1% 12.4%
Asset Turnover
Total Asset Turnover 0.6x 0.6x 0.6x 0.6x 0.6x 0.6x
Fixed Asset Turnover 2.1x 2.2x 2.2x 2.1x 2.1x 2.1x
Accounts Receivable Turnover 7.7x 7.9x 7.6x 7.1x 7.1x 7.1x
Inventory Turnover 17.1x 15.6x 15.1x 10.4x 11.6x 11.1x
Short Term Liquidity

Current Ratio 1.3x 1.1x 1.1x 1.1x 1.2x 1.1x
Quick Ratio 0.9x 0.8x 0.8x 0.8x 0.9x 0.8x
Cash from Ops. to Curr. Liab. 0.6x 0.6x 0.6x 0.6x 0.8x 0.7x
Avg. Days Sales Out. 48.3 45.8 48.1 51.0 51.3 51.5
Avg. Days Inventory Out. 21.7 23.4 24.1 34.9 31.5 32.8
Avg. Days Payable Out. 50.5 48.5 49.0 71.6 69.5 69.4
Avg. Cash Conversion Cycle 19.5 20.7 23.2 14.3 13.3 14.9
Long Term Solvency

Total Debt/Equity 36.5% 32.3% 36.2% 34.8% 29.9% 30.7%
Total Debt/Capital 26.7% 24.4% 26.6% 25.8% 23.0% 23.5%
LT Debt/Equity 33.1% 26.3% 28.4% 26.2% 26.5% 26.2%
LT Debt/Capital 24.2% 19.9% 20.9% 19.4% 20.4% 20.1%
Total Liabilities/Total Assets 43.9% 43.2% 45.3% 44.0% 40.7% 42.7%
EBIT / Interest Exp. 9.7x 14.8x 17.9x 19.0x 27.1x 39.3x

EBITDA / Interest Exp. 12.5x 18.5x 22.1x 23.2x 33.4x 47.0x
(EBITDA-CAPEX) / Interest Exp. 9.5x 13.9x 13.9x 15.2x 25.3x 35.8x
Total Debt/EBITDA 1.8x 1.5x 1.5x 1.3x 1.2x 1.1x
Net Debt/EBITDA 1.3x 1.2x 1.2x 1.0x 0.9x 0.8x
Total Debt/(EBITDA-CAPEX) 2.3x 2.0x 2.4x 2.0x 1.6x 1.4x
Net Debt/(EBITDA-CAPEX) 1.7x 1.6x 1.8x 1.6x 1.2x 1.1x
Altman Z Score 2.54 2.84 3.03 3.17 3.69 4.26
Growth Over Prior Year

Total Revenue (4.5%) 5.3% 7.4% 3.4% 6.5% 8.4%
Gross Profit (23.5%) 18.1% 15.7% 143.3% 5.7% 11.9%
EBITDA (18.8%) 15.2% 14.0% 14.0% 6.1% 18.8%
EBITA (23.3%) 18.9% 16.5% 15.4% 5.4% 21.5%
EBIT (23.5%) 18.1% 15.7% 15.5% 5.2% 22.1%
Earnings from Cont. Ops. (23.7%) 19.5% 21.9% 17.4% 7.5% 20.6%
Net Income (25.3%) 19.8% 21.3% 18.2% 8.0% 22.2%
Normalized Net Income (23.1%) 16.4% 18.2% 15.4% 7.6% 23.8%
Diluted EPS before Extra (22.8%) 15.3% 24.1% 24.2% 8.0% 26.0%
Accounts Receivable (10.1%) 15.0% 10.9% 8.2% 6.3% 11.2%

Inventory 14.2% 11.5% 7.0% (2.5%) (4.2%) 24.2%
Net PP&E 0.4% 1.2% 10.6% 9.2% 4.0% 4.3%
Total Assets 1.0% 9.6% 4.2% 3.8% 8.5% 3.6%
Tangible Book Value 16.3% (15.0%) (2.6%) 18.7% 11.4% (10.2%)

Common Equity 4.4% 11.2% (0.4%) 6.4% 14.3% (1.0%)
Cash from Ops. (6.7%) 23.7% 6.3% 13.9% 18.7% 3.5%
Capital Expenditures 11.1% 20.4% 68.7% 6.3% (26.1%) 18.4%
Levered Free Cash Flow (4.4%) 16.2% (32.0%) 65.2% 49.3% (11.0%)
Unlevered Free Cash Flow (5.8%) 12.4% (30.1%) 60.0% 44.6% (11.1%)
Dividend per Share 0.0% 14.3% 50.0% 25.0% 14.7% 33.7%
Compound Annual Growth Rate Over Two Years

Total Revenue 0.9% 0.3% 6.4% 5.4% 4.9% 7.5%
Gross Profit (8.8%) (4.9%) 16.9% 67.8% 60.4% 8.8%
EBITDA (6.0%) (3.3%) 14.6% 14.0% 10.0% 12.3%
EBITA (8.1%) (4.5%) 17.7% 15.9% 10.3% 13.2%
EBIT (8.5%) (4.9%) 16.9% 15.6% 10.2% 13.3%
Earnings from Cont. Ops. (13.7%) (4.5%) 20.7% 19.6% 12.3% 13.9%
Net Income (16.0%) (5.4%) 20.6% 19.7% 13.0% 14.9%
Normalized Net Income (8.9%) (5.4%) 17.3% 16.8% 11.5% 15.4%
Diluted EPS before Extra (11.4%) (5.6%) 19.7% 24.2% 15.8% 16.7%
Accounts Receivable (1.6%) 1.7% 12.9% 9.5% 7.2% 8.7%
Inventory 25.9% 12.8% 9.2% 2.2% (3.3%) 9.1%
Net PP&E 0.5% 0.8% 5.8% 9.9% 6.6% 4.1%
Total Assets 1.8% 5.2% 6.9% 4.0% 6.1% 6.0%
Tangible Book Value 26.0% (0.5%) (9.0%) 7.5% 15.0% 0.0%

Common Equity 4.7% 7.7% 5.3% 2.9% 10.2% 6.3%
Cash from Ops. (0.9%) 7.4% 14.7% 10.0% 16.3% 10.8%
Capital Expenditures 5.8% 15.6% 42.5% 33.9% (11.4%) (6.5%)
Levered Free Cash Flow (10.4%) 5.4% (11.1%) 6.0% 57.1% 15.3%
Unlevered Free Cash Flow (10.5%) 2.9% (11.4%) 5.7% 52.1% 13.4%
Compound Annual Growth Rate Over Three Years

Total Revenue 2.3% 2.3% 2.6% 5.4% 5.8% 6.1%
Gross Profit 2.1% (0.6%) 1.5% 49.2% 43.8% 42.2%
EBITDA 2.5% 0.6% 2.2% 14.4% 11.3% 12.8%
EBITA 2.4% 0.1% 2.0% 16.9% 12.3% 13.9%
EBIT 2.1% (0.4%) 1.5% 16.4% 12.0% 14.0%
Earnings from Cont. Ops. 1.2% (3.8%) 3.6% 19.6% 15.4% 15.0%
Net Income (0.7%) (5.4%) 2.8% 19.8% 15.7% 16.0%
Normalized Net Income 2.0% (1.2%) 1.9% 16.7% 13.7% 15.4%
Diluted EPS before Extra 3.2% (3.3%) 3.4% 21.2% 18.5% 19.1%
Accounts Receivable 0.9% 3.6% 4.7% 11.3% 8.4% 8.6%

Inventory 19.7% 20.9% 10.9% 5.2% 0.0% 5.1%
Net PP&E 0.8% 0.7% 4.0% 6.9% 7.9% 5.8%
Total Assets 1.7% 4.3% 4.9% 5.9% 5.5% 5.3%
Tangible Book Value 15.2% 10.5% (1.2%) (0.6%) 8.8% 5.9%

Common Equity 2.0% 6.9% 5.0% 5.6% 6.6% 6.3%
Cash from Ops. (4.2%) 6.7% 7.1% 14.4% 12.8% 11.8%
Capital Expenditures 9.9% 10.4% 31.1% 29.2% 9.8% (2.4%)
Levered Free Cash Flow (5.8%) (2.3%) (8.9%) 9.3% 18.8% 30.0%
Unlevered Free Cash Flow (5.8%) (3.4%) (9.6%) 7.9% 17.4% 27.2%
Compound Annual Growth Rate Over Five Years

Total Revenue 3.3% 3.9% 3.9% 3.6% 3.5% 6.2%
Gross Profit 7.1% 11.3% 7.8% 22.5% 21.9% 31.5%
EBITDA 6.9% 9.9% 7.2% 5.7% 5.2% 13.5%
EBITA 7.2% 11.6% 8.3% 6.2% 5.3% 15.4%
EBIT 7.1% 11.3% 7.8% 5.7% 4.9% 15.2%
Earnings from Cont. Ops. 7.3% 10.3% 8.6% 4.9% 7.0% 17.3%
Net Income 7.1% 9.4% 7.3% 3.9% 6.7% 17.8%
Normalized Net Income 8.7% 11.3% 7.9% 5.7% 5.6% 16.2%
Diluted EPS before Extra 9.4% 11.3% 9.5% 6.9% 8.2% 19.3%
Accounts Receivable 0.9% 4.0% 5.6% 5.9% 5.7% 10.3%

Inventory 8.6% 13.3% 15.4% 13.0% 5.0% 6.7%
Net PP&E 1.3% 1.0% 2.8% 4.3% 5.0% 5.8%
Total Assets 3.2% 5.4% 3.8% 4.2% 5.4% 5.9%
Tangible Book Value 9.2% 5.1% 4.8% 9.3% 5.0% (0.3%)

Common Equity 5.3% 7.4% 3.3% 5.3% 7.0% 5.9%
Cash from Ops. 4.0% 9.0% 2.9% 8.0% 10.6% 13.0%
Capital Expenditures 4.2% 2.9% 22.0% 19.3% 12.1% 13.6%
Levered Free Cash Flow 9.6% 13.8% (7.9%) 0.9% 13.3% 11.7%
Unlevered Free Cash Flow 8.2% 11.6% (8.1%) 0.1% 11.3% 10.1%
LTM
9.6% 10.0% 9.2% 9.5% 5.1% 1.2% 1.1% 1.7%

12.8% 13.6% 12.5% 12.7% 6.7% 1.5% 1.4% 2.2%
18.3% 20.4% 20.0% 26.1% 13.9% (2.4%) 2.5% 3.7%
18.7% 21.4% 21.2% 28.0% 15.1% (3.3%) 2.4% 3.6%
45.9% 46.3% 45.0% 44.9% 39.6% 32.9% 33.1% 34.3%

16.2% 15.7% 14.8% 14.9% 16.3% 18.9% 20.3% 19.9%
29.7% 30.6% 30.2% 30.0% 23.3% 14.0% 12.8% 14.5%
25.6% 26.4% 25.5% 25.4% 19.2% 9.2% 8.2% 10.3%
25.2% 26.0% 25.2% 25.0% 17.3% 5.8% 5.2% 7.5%
16.9% 17.6% 17.0% 22.0% 15.7% (3.7%) 3.8% 5.1%
16.0% 16.9% 16.3% 21.2% 15.9% (4.4%) 3.0% 4.2%
16.0% 16.9% 16.3% 21.2% 15.0% (4.3%) 3.0% 4.3%
15.7% 16.3% 14.9% 14.1% 9.2% 2.2% 2.0% 3.5%
12.4% 15.3% 15.6% 12.8% 7.3% 9.5% 11.0% 8.0%
12.7% 15.7% 16.2% 13.6% 8.5% 11.1% 12.4% 9.3%
0.6x 0.6x 0.6x 0.6x 0.5x 0.3x 0.3x 0.4x

2.2x 2.1x 2.0x 2.1x 2.3x 1.9x 1.8x 2.2x
7.1x 7.1x 7.0x 7.7x 6.7x 5.6x 6.2x 5.0x
10.6x 11.2x 11.5x 12.2x 9.4x 8.8x 12.4x 17.8x
1.0x 1.0x 0.8x 0.9x 0.9x 1.3x 1.1x 1.1x

0.8x 0.8x 0.6x 0.8x 0.7x 1.1x 0.9x 1.0x
0.7x 0.8x 0.6x 0.8x 0.2x 0.3x 0.2x 0.2x
52.1 51.6 51.9 47.5 54.0 66.6 59.1 72.1
35.2 32.5 31.5 29.8 38.7 42.3 29.3 20.4
70.9 75.7 78.9 71.1 80.9 117.3 113.8 136.3
16.4 8.4 4.5 6.1 11.8 (8.5) (25.5) (43.7)
35.6% 42.6% 54.8% 38.7% 45.8% 63.9% 57.0% 52.3%

26.3% 29.9% 35.4% 27.9% 31.4% 39.0% 36.3% 34.3%
26.3% 34.8% 41.4% 31.7% 37.2% 57.3% 50.6% 45.7%
19.4% 24.4% 26.8% 22.8% 25.5% 34.9% 32.2% 30.0%
44.8% 48.6% 51.8% 45.3% 47.0% 51.6% 49.8% 49.0%
49.9x 40.9x 27.4x 21.8x 9.7x 2.3x 2.3x 3.6x

58.8x 48.1x 32.9x 26.2x 13.0x 6.4x 6.4x 7.9x
42.7x 34.6x 25.7x 19.6x 9.1x 3.9x 4.1x 5.3x
1.1x 1.2x 1.5x 1.2x 2.9x 5.9x 5.9x 4.6x
0.8x 0.9x 1.3x 0.9x 2.6x 4.2x 4.3x 3.4x
1.5x 1.6x 1.9x 1.6x 4.2x 9.6x 9.3x 6.7x
1.2x 1.3x 1.6x 1.2x 3.7x 6.8x 6.7x 4.9x
4.67 4.35 4.07 4.4 2.21 2.01 2.52 2.67
7.5% 6.0% (0.9%) 7.8% 17.1% (6.1%) 3.1% 20.1%

7.6% 6.9% (3.6%) 7.6% 3.1% (21.9%) 3.6% 38.2%
12.7% 9.2% (2.1%) 7.2% (9.3%) (43.7%) (5.7%) 62.1%
14.3% 9.3% (4.3%) 7.3% (11.5%) (55.2%) (7.5%) 124.9%
14.6% 9.6% (4.2%) 6.9% (18.9%) (68.6%) (7.6%) 368.6%
10.6% 10.6% (4.3%) 39.5% (16.6%) NM NM NM
11.7% 12.0% (4.4%) 40.3% (12.3%) NM NM NM
16.6% 10.5% (9.3%) 1.9% (23.3%) (77.4%) (5.8%) NM
15.0% 16.9% (0.7%) 46.9% (25.1%) NM NM NM
2.5% 11.4% (10.6%) 8.8% 55.9% (13.6%) 1.2% 5.9%

4.0% (5.2%) 2.0% 2.1% 130.8% (39.9%) (6.4%) (14.9%)
7.9% 8.6% 3.9% 4.0% 7.0% 14.3% 2.0% 1.3%
4.8% 4.4% 4.1% 2.9% 96.7% 3.9% 1.0% 0.7%
(1.2%) (10.7%) (66.0%) 269.5% NM NM NM NM

(1.0%) (2.8%) (4.5%) 18.1% 82.2% (6.0%) 5.9% 6.9%
16.4% 15.4% (6.0%) 15.8% (53.8%) 15.3% (26.9%) (13.3%)
28.8% 11.9% (24.1%) 23.2% 9.2% (17.5%) (11.0%) 10.3%
10.6% 30.7% 1.5% (11.6%) (33.1%) 21.8% 18.8% 138.6%
10.0% 30.8% 2.6% (9.9%) (27.0%) 23.2% 15.3% 93.7%
19.1% 8.8% 8.7% 6.2% 2.3% NA NA NA
7.9% 6.8% 2.5% 3.4% 12.4% 4.9% (1.6%) (1.5%)

9.8% 7.3% 1.5% 1.8% 5.3% (10.3%) (10.1%) (7.2%)
15.7% 10.9% 3.4% 2.4% (1.4%) (28.5%) (27.1%) (19.4%)
17.8% 11.8% 2.3% 1.3% (2.6%) (37.0%) (35.6%) (25.0%)
18.3% 12.0% 2.4% 1.2% (6.9%) (49.5%) (46.1%) (31.1%)
15.5% 10.6% 2.9% 15.5% 7.9% NM (51.8%) (40.0%)
16.9% 11.9% 3.5% 15.8% 10.9% NM (57.5%) (45.5%)
20.2% 13.5% 0.1% (3.9%) (11.6%) (58.3%) (53.8%) (34.7%)
20.4% 16.0% 7.8% 20.8% 4.9% NM (57.9%) (44.6%)
6.8% 6.9% (0.2%) (1.4%) 30.2% 16.0% (6.5%) (6.7%)
13.7% (0.7%) (1.7%) 2.1% 53.5% 17.8% (25.0%) (7.8%)
6.1% 8.3% 6.2% 3.9% 5.5% 10.6% 8.0% (4.1%)
4.2% 4.6% 4.2% 3.5% 42.3% 43.0% 2.5% 0.6%
(5.8%) (6.1%) (44.9%) 12.1% NM NM NM NM

(1.0%) (1.9%) (3.7%) 6.2% 46.7% 30.9% (0.2%) 0.1%
9.8% 15.9% 4.1% 4.3% (26.8%) (27.0%) (8.2%) (7.1%)
23.5% 20.1% (7.8%) (3.3%) 16.0% (5.1%) (14.3%) (13.0%)
(0.8%) 20.2% 15.2% (5.2%) (23.1%) (9.7%) 20.3% (17.9%)
(1.1%) 19.9% 15.8% (3.9%) (18.9%) (5.1%) 19.2% (15.8%)
26.2% 13.8% 8.7% 7.4% 4.2% NA NA NA
7.5% 7.3% 4.1% 4.2% 7.8% 5.8% 4.3% 7.1%

8.4% 8.8% 3.5% 3.5% 2.2% (4.7%) (5.9%) (1.7%)
12.4% 13.5% 6.4% 4.6% (1.6%) (18.2%) (21.6%) (15.5%)
13.5% 14.9% 6.1% 3.9% (3.1%) (24.8%) (28.4%) (20.2%)
13.8% 15.3% 6.3% 3.9% (6.0%) (35.2%) (38.3%) (27.7%)
12.8% 13.8% 5.4% 13.9% 3.6% NM (42.1%) (31.2%)
13.8% 15.2% 6.2% 14.5% 5.6% NM (45.9%) (34.5%)
15.8% 16.8% 5.3% 0.7% (10.8%) (43.9%) (45.3%) (32.4%)
16.1% 19.2% 10.1% 19.5% 3.0% NM (49.0%) (38.2%)
6.6% 8.3% 0.7% 2.7% 14.9% 13.6% 10.9% 13.7%

7.4% 7.0% 0.2% (0.4%) 34.0% 12.3% 9.1% 4.2%
5.4% 6.9% 6.8% 5.5% 4.9% 8.3% 7.7% 3.1%
5.6% 4.2% 4.4% 3.8% 28.2% 28.1% 27.3% 26.7%
(0.4%) (7.5%) (33.0%) 3.9% NM NM NM NM

3.8% (1.6%) (2.8%) 3.1% 27.1% 26.5% 22.0% 21.3%
12.6% 11.6% 8.1% 7.9% (20.5%) (14.9%) (27.0%) (28.0%)
4.1% 19.5% 3.0% 1.5% 0.7% 3.5% (7.1%) (6.7%)
13.7% 8.8% 13.6% 5.5% (15.6%) (10.3%) (1.1%) (6.2%)
12.2% 8.5% 13.8% 6.5% (12.3%) (6.8%) 1.2% (3.4%)
22.2% 20.1% 12.1% 7.9% 5.7% NA NA NA
6.6% 6.3% 5.5% 5.7% 7.4% 4.5% 3.9% 5.8%

29.1% 27.1% 5.6% 5.9% 4.2% (2.3%) (2.9%) (0.4%)
13.0% 12.1% 8.7% 8.9% 3.2% (10.1%) (12.7%) (8.9%)
14.5% 13.0% 8.9% 9.3% 2.6% (14.9%) (17.7%) (12.2%)
14.5% 13.2% 9.1% 9.4% 0.8% (22.2%) (24.8%) (17.4%)
15.5% 13.2% 8.7% 14.5% 6.4% NM (23.7%) (16.9%)
16.2% 14.3% 9.6% 15.5% 8.1% NM (26.6%) (19.3%)
16.2% 14.7% 9.3% 8.1% (1.8%) (29.2%) (31.5%) (21.7%)
19.3% 17.9% 12.7% 19.9% 8.0% NM (28.0%) (20.9%)
7.8% 7.9% 3.8% 4.3% 11.6% 7.8% 5.8% 8.5%

5.3% 2.7% 3.7% 5.0% 18.8% 6.5% 6.2% 3.1%
7.2% 6.8% 5.7% 5.7% 6.3% 7.5% 6.1% 3.9%
5.0% 5.0% 5.0% 3.9% 18.2% 18.0% 17.2% 17.3%
2.7% 0.9% (21.4%) (0.1%) NM NM NM NM

3.5% 3.0% 0.8% 1.4% 14.6% 13.4% 15.4% 15.8%
11.6% 13.4% 9.2% 8.6% (7.5%) (7.7%) (15.8%) (15.3%)
15.1% 6.0% (0.9%) 9.8% 8.0% (1.2%) (5.6%) (2.9%)
10.6% 26.0% 14.3% 2.9% (2.8%) (0.9%) (2.8%) (7.2%)
9.6% 24.2% 13.7% 3.4% (0.6%) 1.7% (0.8%) (4.9%)
27.9% 20.0% 16.7% 14.9% 8.9% NA NA NA
The Walt Disney Company (NYSE:DIS) > Financials > Supplemental
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data
Supplemental
Options Outstanding
Options Out. at the Beginning of the Period - - - - - -
Options Granted During the Period - - - - - -
Options Exercised During the Period - - - - - -
Options Cancelled During the Period - - - - - -
Options Out. at the End of the Period - - - - - -
W/Avg. Strike Price of Out. at the End of the Period - - - - - -
W/Avg. Strike Price of Granted - - - - - -
Options Outstanding - All Classes

Options Out. at the Beginning of the Period - - - - - -
Options Granted During the Period - - - - - -
Options Exercised During the Period - - - - - -
Options Cancelled During the Period - - - - - -
Options Out. at the End of the Period - - - - - -
Stock Based Compensation

Restr. Stock Comp. Exp., Before Tax - - - - - 312.0
Stock Options Comp. Exp., Before Tax - - - - - -
Stock Based Comp. Exp., Before Tax 457.0 522.0 490.0 484.0 477.0 414.0
Stock Based Comp. Exp. Tax Effect - - - - - (139.0)
Stock Based Comp. Exp., After Tax - - - - - 275.0
Loss Carry Forward Related Items

Tax Benefit C/F, After Five Years - - - - - -
Total Tax Benefit C/F - - - - - -
Max. Year for Tax Benefit C/F - - - - - -
Adoption of FIN 48 Related Items

Unrecognized Tax Benefits - Beginning of Period 655.0 686.0 680.0 718.0 668.0 1,120.0
Increase in Unrecog. Tax Benefits - Current Yr. 63.0 58.0 75.0 85.0 222.0 51.0
Increase in Unrecog. Tax Benefits - Prior Yrs. 17.0 141.0 41.0 26.0 365.0 133.0
Decrease in Unrecog. Tax Benefits - Prior Yrs. (7.0) (192.0) (17.0) (68.0) (9.0) (487.0)
Settlements with Tax Authorities (42.0) (13.0) (61.0) (93.0) (126.0) (14.0)
Unrecog. Tax Benefits - Other Adjustments - - - - - -
Unrecognized Tax Benefits - End of Period 686.0 680.0 718.0 668.0 1,120.0 803.0
Interest and Penalties Recog. on IS - Before Tax 27.0 28.0 4.0 13.0 (13.0) 4.0
Interest and Penalties Recog. on BS - Before Tax - 163.0 175.0 209.0 211.0 216.0
Changes in Unrecog. Tax Benefit w/in 1 Year - Max - - - - - -

Unrecog. Tax Benefit Impacting Effective Tax Rate - 473.0 480.0 452.0 449.0 453.0
Capitalized Interest Data

Interest Capitalized 57.0 82.0 91.0 92.0 77.0 73.0
Fair Value Measurements

Level 1 Assets - Quoted Prices - 42.0 143.0 86.0 305.0 100.0
Level 2 Assets - Observable Prices - 677.0 755.0 629.0 437.0 738.0
Level 3 Assets - Unobservable Prices - 56.0 126.0 - - -
Fair Value of Assets - 775.0 1,024.0 715.0 742.0 838.0
Level 2 Liabilities - Observable Prices - 512.0 11,361.0 13,728.0 13,925.0 14,570.0

Level 3 Liabilities - Unobservable Prices - 1.0 3,070.0 1,653.0 914.0 1,099.0
Fair Value of Liabilities - 513.0 14,431.0 15,381.0 14,839.0 15,669.0

12 months 12 months 12 months 12 months 12 months 12 months 12 months
Oct-03-2015 Oct-01-2016 Sep-30-2017 Sep-29-2018 Sep-28-2019 Oct-03-2020 Oct-02-2021
USD USD USD USD USD USD USD
- - - - - - 23.0
- - - - - - 2.0
- - - - - - 6.0
- - - - - - 1.0
- - - - - - 18.0
- - - - - - $113.99
- - - - - - $177.27
- - - - - - 23.0
- - - - - - 2.0
- - - - - - 6.0
- - - - - - 1.0
- - - - - - 18.0
309.0 293.0 274.0 306.0 627.0 424.0 505.0

102.0 93.0 90.0 87.0 84.0 101.0 95.0
411.0 393.0 364.0 393.0 711.0 525.0 600.0
(134.0) (131.0) (123.0) (99.0) (161.0) (118.0) (136.0)
277.0 255.0 241.0 294.0 550.0 407.0 464.0
- - - - - 700.0 1,000.0
- - - - - 700.0 1,000.0
- - - - - 2030 2031
803.0 912.0 844.0 832.0 648.0 2,952.0 2,740.0

98.0 71.0 61.0 64.0 84.0 26.0 51.0
280.0 142.0 13.0 48.0 143.0 134.0 556.0
(193.0) (158.0) (55.0) (135.0) (61.0) (99.0) (174.0)
(76.0) (123.0) (31.0) (161.0) (590.0) (307.0) (532.0)
- - - - 2,728.0 34.0 -
912.0 844.0 832.0 648.0 2,952.0 2,740.0 2,641.0
14.0 (10.0) 13.0 (53.0) 706.0 110.0 (65.0)
231.0 221.0 234.0 200.0 1,000.0 1,100.0 1,000.0
- - - - - - (400.0)
501.0 469.0 444.0 500.0 2,400.0 2,100.0 2,000.0
110.0 139.0 87.0 125.0 222.0 157.0 187.0
36.0 85.0 36.0 38.0 13.0 - 950.0

1,011.0 734.0 421.0 484.0 861.0 2,078.0 903.0
184.0 297.0 143.0 - - - -
1,231.0 1,116.0 600.0 522.0 874.0 2,078.0 1,853.0
17,252.0 20,027.0 23,659.0 20,510.0 49,350.0 64,239.0 60,201.0

848.0 1,579.0 2,764.0 1,171.0 1,249.0 1,448.0 1,411.0
18,100.0 21,606.0 26,423.0 21,681.0 50,599.0 65,687.0 61,612.0
Nov-22-2017 Nov-21-2018 Nov-20-2019 Nov-25-2020 Nov-24-2021 Nov-24-2021 Nov-24-2021

The Walt Disney Company (NYSE:DIS) > Financials > Industry Specific
In Millions of
the reported
currency,
except per
share items. Restatement:Latest Filings Period Type: Annual
Currency: Reported Cur Conversion: Today's Spot Rate
Order: Latest on Rig Units: S&P Capital IQ (Default)
Decimals: Capital IQ (De Source: Capital IQ & Proprietary Data
Industry Specific
No Data Available
The Walt Disney Company (NYSE:DIS) > Financials > Pension/OPEB
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data
Pension/OPEB
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Benefit Service Cost 164.0 263.0 293.0 278.0 349.0 277.0
Def. Benefit Plan Interest Cost 363.0 396.0 411.0 440.0 433.0 488.0
Def. Benefit Plan Return on Assets (370.0) (415.0) (440.0) (514.0) (604.0) (645.0)
Def. Benefit Plan Other Cost 5.0 168.0 244.0 321.0 428.0 159.0
Def. Benefit Plan Total Cost 162.0 412.0 508.0 525.0 606.0 279.0
Def. Contribution Plan Cost 103.0 251.0 264.0 294.0 312.0 379.0
Total Pension Expense 265.0 663.0 772.0 819.0 918.0 658.0
Defined Benefit Obligation

Beg. Def. Benefit Obligation 5,249.0 6,992.0 8,084.0 9,481.0 11,530.0 10,066.0
Def. Benefit Interest Cost 363.0 396.0 411.0 440.0 433.0 488.0
Def. Benefit Actuarial Gain/Losses 1,835.0 641.0 919.0 1,635.0 (2,044.0) 1,643.0
Def. Benefits Paid (175.0) (192.0) (218.0) (253.0) (262.0) (306.0)
Acq. Benefit Obligation - - - - - -
Def. Benefit Settlement/Curtailment - - - - - -
Other Adj. To Def. Benefit Obligation (444.0) (16.0) (8.0) (51.0) 60.0 22.0
Proj. Benefit Obligation (Pension) 6,992.0 8,084.0 9,481.0 11,530.0 10,066.0 12,190.0
Accum. Benefit Obligation 6,400.0 7,500.0 8,800.0 10,700.0 9,300.0 11,200.0
Plan Assets
Beg. Plan Assets 4,955.0 4,833.0 5,684.0 6,551.0 8,049.0 8,965.0
Actual Return on Plan Assets 25.0 649.0 188.0 972.0 807.0 883.0
Employer Contributions 468.0 421.0 926.0 833.0 397.0 258.0
Benefits Paid (175.0) (192.0) (218.0) (253.0) (262.0) (306.0)
Acquired Plan Assets - - - - - -
Other Plan Adjustments (440.0) (27.0) (29.0) (54.0) (26.0) (35.0)
Total Plan Assets 4,833.0 5,684.0 6,551.0 8,049.0 8,965.0 9,765.0
Weighted Avg. Assumptions on Net Periodic Cost

Net Periodic Cost Disc. Rate - Min - - - - - 5.0%
Net Periodic Cost Disc. Rate - Max - - - - - 5.0%
Rate of Comp. Increase - Min - - - - - 4.0%
Rate of Comp. Increase - Max - - - - - 4.0%
Exp. Long-Term Rate of Return on Assets - Min 7.8% - 7.8% 7.8% - 7.5%
Exp. Long-Term Rate of Return on Assets - Max 7.8% - 7.8% 7.8% - 7.5%
Breakdown of Plan Assets

Plan Assets - Equities (%) 49.0% 51.0% 49.0% 47.0% 49.0% 34.0%
Plan Assets - Fixed Income (%) 38.0% 34.0% 36.0% 41.0% 37.0% 37.0%
Plan Assets- Real Estate (%) 3.0% 3.0% 4.0% 4.0% 4.0% -
Other Plan Assets (%) 10.0% 12.0% 11.0% 8.0% 10.0% 30.0%

Plan Assets - Equities 2,368.2 2,898.8 3,210.0 3,783.0 4,392.9 3,320.1
Plan Assets - Fixed Income 1,836.5 1,932.6 2,358.4 3,300.1 3,317.1 3,613.1
Plan Assets- Real Estate 145.0 170.5 262.0 322.0 358.6 -
Other Plan Assets 483.3 682.1 720.6 643.9 896.5 2,929.5
Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min 5.8% 5.3% 4.8% 3.9% 5.0% 4.4%
PBO Assumed Rate of Return - Max 5.8% 5.3% 4.8% 3.9% 5.0% 4.4%
Rate of PBO Compensation Increase - Min 4.5% 4.0% 4.0% 4.0% 4.0% 4.0%
Rate of PBO Compensation Increase - Max 4.5% 4.0% 4.0% 4.0% 4.0% 4.0%
Estimated Future Benefits Paid

Est. Future Benefits Paid - 1st Yr 217.0 248.0 273.0 373.0 419.0 409.0
Est. Future Benefits Paid - 2nd Yr 233.0 263.0 293.0 333.0 364.0 412.0
Est. Future Benefits Paid - 3rd Yr 253.0 287.0 319.0 358.0 389.0 441.0
Est. Future Benefits Paid - 4th Yr 277.0 312.0 342.0 382.0 416.0 471.0
Est. Future Benefits Paid - Thereafter 1,968.0 2,145.0 2,333.0 2,463.0 2,691.0 3,033.0
Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (2,159.0) (2,400.0) (2,930.0) (3,481.0) (1,101.0) (2,425.0)
Other Compr. Income Components Recognized on the BS

Net Actuarial Loss/Gain - - - - - -
Prior Service Cost/Benefit - - - - - -
Net Amount Recognized - - - - - -
Consolidated Balance Sheet Amounts

Long Term Assets 8.0 40.0 50.0 27.0 234.0 70.0
Current Liabilities (14.0) (17.0) (18.0) (24.0) (46.0) (29.0)
Long Term Liabilities (2,153.0) (2,423.0) (2,962.0) (3,484.0) (1,289.0) (2,466.0)
Net Periodic Benefit Cost to be Recognized in the Subsequent Period

Prior Service Cost/Credit 14.0 14.0 11.0 10.0 14.0 16.0
Net Actuarial Loss/Gain 155.0 228.0 308.0 418.0 153.0 251.0
Total Amount to be Recognized 169.0 242.0 319.0 428.0 167.0 267.0
Other Pension Related Items
Est. Contributions - Next Year 450.0 450.0 375.0 475.0 325.0 375.0
Benefit Info Date Oct-03-2009 Oct-02-2010 Oct-01-2011 Sep-29-2012 Sep-28-2013 Sep-27-2014
OPEB Information - Total

Def. Benefit Expected Return on Assets (26.0) (26.0) (24.0) (23.0) (30.0) (36.0)
Def. Benefit Other Cost (10.0) 5.0 8.0 29.0 38.0 (9.0)
Def. Benefit Total Cost 52.0 70.0 68.0 101.0 92.0 30.0
Total OPEB Expense 52.0 70.0 68.0 101.0 92.0 30.0

Def. Benefit Actuarial Gain/Losses 235.0 (7.0) 242.0 107.0 (476.0) 202.0
Other Adj. To Def. Benefit Obligation (102.0) - - - 9.0 9.0
Proj. Benefit Obligation 1,227.0 1,280.0 1,578.0 1,748.0 1,325.0 1,567.0
Plan Assets
Beg. Plan Assets 351.0 297.0 311.0 302.0 388.0 508.0
Actual Return on Plan Assets (9.0) 34.0 11.0 48.0 45.0 49.0
Benefits Paid (24.0) (31.0) (28.0) (32.0) (40.0) (44.0)
Other Plan Adjustments (33.0) (1.0) (1.0) (2.0) 7.0 8.0
Total Plan Assets 297.0 311.0 302.0 388.0 508.0 538.0


Plan Assets - Equities (%) - - - - - -
Plan Assets - Fixed Income (%) - - - - - -
Other Plan Assets (%) - - - - - -

Plan Assets - Equities - - - - - -
Plan Assets - Fixed Income - - - - - -
Other Plan Assets - - - - - -


Est. Future Benefits Paid - Thereafter 282.0 292.0 340.0 349.0 336.0 343.0

Net Asset/Liability Recognized on Balance Sheet (930.0) (969.0) (1,276.0) (1,360.0) (817.0) (1,029.0)


Long Term Liabilities (916.0) (955.0) (1,261.0) (1,344.0) (802.0) (1,015.0)

Prior Service Cost/Benefit (2.0) (2.0) (2.0) (2.0) (2.0) (1.0)
Net Actuarial Loss/Gain 7.0 9.0 31.0 40.0 (7.0) 10.0
Total Amount to be Recognized 5.0 7.0 29.0 38.0 (9.0) 9.0
Other Post-Retirement Benefit Related Items

Health Care Cost Trend Rate, Initial 8.5% 8.3% - - - -
Health Care Cost Trend Rate, Ultimate 5.0% 4.8% - - - -
Pension Information - Domestic

Def. Benefit Return On Assets (370.0) (415.0) (440.0) (514.0) (604.0) (645.0)
Def. Benefit Other Cost 5.0 168.0 244.0 321.0 428.0 159.0

Def. Benefit Actuarial Gain/Losses 1,835.0 641.0 919.0 1,635.0 (2,044.0) 1,643.0
Def. Benefit Settlement/Curtailment - - - - - -
Other Adj. To Def. Benefit Obligation (444.0) (16.0) (8.0) (51.0) 60.0 22.0
Proj. Benefit Obligation (Pension) - Domestic 6,992.0 8,084.0 9,481.0 11,530.0 10,066.0 12,190.0
Accum. Benefit Obligation 6,400.0 7,500.0 8,800.0 10,700.0 9,300.0 11,200.0
Plan Assets
Beg. Plan Assets 4,955.0 4,833.0 5,684.0 6,551.0 8,049.0 8,965.0
Actual Return on Plan Assets 25.0 649.0 188.0 972.0 807.0 883.0
Benefits Paid (175.0) (192.0) (218.0) (253.0) (262.0) (306.0)
Acquired Plan Assets - - - - - -
Other Plan Adjustments (440.0) (27.0) (29.0) (54.0) (26.0) (35.0)
Total Plan Assets 4,833.0 5,684.0 6,551.0 8,049.0 8,965.0 9,765.0

Rate of Comp. Increase - Min - - - - - 4.0%
Rate of Comp. Increase - Max - - - - - 4.0%

Plan Assets - Equities (%) 49.0% 51.0% 49.0% 47.0% 49.0% 34.0%
Plan Assets - Fixed Income (%) 38.0% 34.0% 36.0% 41.0% 37.0% 37.0%
Plan Assets- Real Estate (%) 3.0% 3.0% 4.0% 4.0% 4.0% -
Other Plan Assets (%) 10.0% 12.0% 11.0% 8.0% 10.0% 30.0%

Plan Assets - Equities 2,368.2 2,898.8 3,210.0 3,783.0 4,392.9 3,320.1
Plan Assets - Fixed Income 1,836.5 1,932.6 2,358.4 3,300.1 3,317.1 3,613.1
Plan Assets- Real Estate 145.0 170.5 262.0 322.0 358.6 -
Other Plan Assets 483.3 682.1 720.6 643.9 896.5 2,929.5

Rate of PBO Compensation Increase - Min 4.5% 4.0% 4.0% 4.0% 4.0% 4.0%
Rate of PBO Compensation Increase - Max 4.5% 4.0% 4.0% 4.0% 4.0% 4.0%

Est. Future Benefits Paid - Thereafter 1,968.0 2,145.0 2,333.0 2,463.0 2,691.0 3,033.0

Net Asset/Liability Recognized on Balance Sheet (2,159.0) (2,400.0) (2,930.0) (3,481.0) (1,101.0) (2,425.0)
Prior Service Cost/Benefit - - - - - -

Long Term Assets 8.0 40.0 50.0 27.0 234.0 70.0
Long Term Liabilities (2,153.0) (2,423.0) (2,962.0) (3,484.0) (1,289.0) (2,466.0)

Prior Service Cost/Credit 14.0 14.0 11.0 10.0 14.0 16.0
Net Actuarial Loss/Gain 155.0 228.0 308.0 418.0 153.0 251.0
Total Amount to be Recognized 169.0 242.0 319.0 428.0 167.0 267.0
Other Pension Related Items

Est. Contributions - Next Year 450.0 450.0 375.0 475.0 325.0 375.0
OPEB Information - Domestic

Def. Benefit Expected Return on Assets (26.0) (26.0) (24.0) (23.0) (30.0) (36.0)
Def. Benefit Other Cost (10.0) 5.0 8.0 29.0 38.0 (9.0)

Def. Benefit Actuarial Gain/Losses 235.0 (7.0) 242.0 107.0 (476.0) 202.0
Other Adj. To Def. Benefit Obligation (102.0) - - - 9.0 9.0
Proj. Benefit Obligation 1,227.0 1,280.0 1,578.0 1,748.0 1,325.0 1,567.0
Plan Assets
Beg. Plan Assets 351.0 297.0 311.0 302.0 388.0 508.0
Actual Return on Plan Assets (9.0) 34.0 11.0 48.0 45.0 49.0
Benefits Paid (24.0) (31.0) (28.0) (32.0) (40.0) (44.0)
Other Plan Adjustments (33.0) (1.0) (1.0) (2.0) 7.0 8.0
Total Plan Assets 297.0 311.0 302.0 388.0 508.0 538.0


Plan Assets - Equities (%) - - - - - -
Plan Assets - Fixed Income (%) - - - - - -
Other Plan Assets (%) - - - - - -

Plan Assets - Equities - - - - - -
Plan Assets - Fixed Income - - - - - -
Other Plan Assets - - - - - -


Est. Future Benefits Paid - Thereafter 282.0 292.0 340.0 349.0 336.0 343.0

Net Asset/Liability Recognized on Balance Sheet (930.0) (969.0) (1,276.0) (1,360.0) (817.0) (1,029.0)


Long Term Liabilities (916.0) (955.0) (1,261.0) (1,344.0) (802.0) (1,015.0)

Prior Service Cost/Credit (2.0) (2.0) (2.0) (2.0) (2.0) (1.0)
Net Actuarial Loss/Gain 7.0 9.0 31.0 40.0 (7.0) 10.0
Total Amount to be Recognized 5.0 7.0 29.0 38.0 (9.0) 9.0
Other Post-Retirement Benefit Related Items

Health Care Cost Trend Rate, Initial 8.5% 8.3% - - - -
Health Care Cost Trend Rate, Ultimate 5.0% 4.8% - - - -
332.0 318.0 368.0 350.0 345.0 410.0 434.0

521.0 458.0 447.0 489.0 592.0 527.0 457.0
(711.0) (747.0) (874.0) (901.0) (978.0) (1,084.0) (1,100.0)
263.0 256.0 417.0 361.0 273.0 557.0 788.0
405.0 285.0 358.0 299.0 232.0 410.0 579.0
430.0 443.0 450.0 499.0 640.0 680.0 815.0

835.0 728.0 808.0 798.0 872.0 1,090.0 1,394.0
12,190.0 12,379.0 14,480.0 14,532.0 14,500.0 18,531.0 20,760.0

332.0 318.0 368.0 350.0 345.0 410.0 434.0
521.0 458.0 447.0 489.0 592.0 527.0 457.0
176.0 1,769.0 (343.0) (416.0) 2,923.0 1,958.0 (15.0)
(812.0) (436.0) (442.0) (467.0) (534.0) (662.0) (661.0)
- - - - 759.0 - -
- - - - (22.0) (3.0) -
(28.0) (8.0) 22.0 12.0 (32.0) (1.0) (20.0)
12,379.0 14,480.0 14,532.0 14,500.0 18,531.0 20,760.0 20,955.0
11,400.0 13,300.0 13,400.0 13,300.0 17,000.0 19,100.0 19,400.0
9,765.0 9,415.0 10,401.0 12,325.0 12,728.0 14,878.0 15,598.0

163.0 624.0 1,056.0 579.0 690.0 770.0 2,653.0
337.0 839.0 1,348.0 335.0 1,461.0 664.0 565.0
(812.0) (436.0) (442.0) (467.0) (534.0) (662.0) (661.0)
- - - - 587.0 - -
(38.0) (41.0) (38.0) (44.0) (54.0) (52.0) (79.0)
9,415.0 10,401.0 12,325.0 12,728.0 14,878.0 15,598.0 18,076.0
4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%

4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%
4.0% - - - - - -
4.0% - - - - - -
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
29.0% 20.0% 23.0% 22.0% 22.0% 20.0% 23.0%

35.0% 29.0% 25.0% 24.0% 22.0% 24.0% 22.0%
- - - - - - -
36.0% 51.0% 53.0% 54.0% 56.0% 56.0% 55.0%
2,730.4 2,080.2 2,834.8 2,800.2 3,273.2 3,119.6 4,157.5

3,295.3 3,016.3 3,081.3 3,054.7 3,273.2 3,743.5 3,976.7
- - - - - - -
3,389.4 5,304.5 6,532.3 6,873.1 8,331.7 8,734.9 9,941.8
4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%

4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%
4.0% 3.0% 2.9% 3.2% 3.2% 3.2% 3.1%
4.0% 3.0% 2.9% 3.2% 3.2% 3.2% 3.1%
439.0 470.0 503.0 534.0 626.0 678.0 692.0

441.0 469.0 504.0 544.0 609.0 661.0 692.0
470.0 502.0 536.0 579.0 647.0 691.0 728.0
501.0 535.0 569.0 618.0 687.0 729.0 769.0
534.0 567.0 607.0 656.0 727.0 771.0 811.0
3,183.0 3,374.0 3,569.0 3,827.0 4,223.0 4,433.0 4,626.0
(2,964.0) (4,079.0) (2,207.0) (1,772.0) (3,653.0) (5,162.0) (2,879.0)
- - - - - - 6,628.0
- - - - - - 18.0
- - - - - - 6,646.0
3.0 - 70.0 113.0 5.0 20.0 88.0

(36.0) (40.0) (46.0) (51.0) (54.0) (59.0) (63.0)
(2,931.0) (4,039.0) (2,231.0) (1,834.0) (3,604.0) (5,123.0) (2,904.0)
14.0 11.0 13.0 12.0 - - -

242.0 403.0 347.0 260.0 - - -
256.0 414.0 360.0 272.0 - - -
950.0 1,300.0 - 300.0 675.0 600.0 150.0
Sep-30-2015 Sep-30-2016 Sep-30-2017 Sep-29-2018 Sep-28-2019 Oct-03-2020 Oct-02-2021
14.0 11.0 11.0 10.0 8.0 10.0 10.0

68.0 61.0 56.0 60.0 67.0 56.0 47.0
(39.0) (45.0) (49.0) (53.0) (56.0) (57.0) (55.0)
9.0 7.0 17.0 14.0 - 14.0 30.0
52.0 34.0 35.0 31.0 19.0 23.0 32.0
52.0 34.0 35.0 31.0 19.0 23.0 32.0
1,567.0 1,590.0 1,759.0 1,746.0 1,609.0 1,946.0 2,104.0

14.0 11.0 11.0 10.0 8.0 10.0 10.0
68.0 61.0 56.0 60.0 67.0 56.0 47.0
(33.0) 142.0 (42.0) (166.0) 234.0 127.0 13.0
(35.0) (54.0) (47.0) (51.0) (48.0) (47.0) (67.0)
- - - - 65.0 - -
9.0 9.0 9.0 10.0 11.0 12.0 14.0
1,590.0 1,759.0 1,746.0 1,609.0 1,946.0 2,104.0 2,121.0
538.0 568.0 614.0 696.0 731.0 762.0 771.0

9.0 34.0 61.0 34.0 33.0 38.0 137.0
48.0 61.0 61.0 45.0 37.0 9.0 47.0
(35.0) (54.0) (47.0) (51.0) (48.0) (47.0) (67.0)
8.0 5.0 7.0 7.0 9.0 9.0 1.0
568.0 614.0 696.0 731.0 762.0 771.0 889.0
4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%

4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
29.0% 20.0% 23.0% 22.0% 22.0% 20.0% 23.0%

35.0% 29.0% 25.0% 24.0% 22.0% 24.0% 22.0%
36.0% 51.0% 53.0% 54.0% 56.0% 56.0% 55.0%
164.7 122.8 160.1 160.8 167.6 154.2 204.5

198.8 178.1 174.0 175.4 167.6 185.0 195.6
204.5 313.1 368.9 394.7 426.7 431.8 489.0
4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%
4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%
44.0 45.0 49.0 51.0 58.0 59.0 61.0

47.0 49.0 53.0 54.0 61.0 63.0 65.0
51.0 53.0 58.0 58.0 67.0 67.0 70.0
56.0 57.0 63.0 63.0 71.0 72.0 74.0
60.0 62.0 67.0 68.0 75.0 76.0 79.0
368.0 378.0 405.0 404.0 433.0 446.0 459.0
(1,022.0) (1,145.0) (1,050.0) (878.0) (1,184.0) (1,333.0) (1,232.0)
- - - - - - 333.0
- - - - - - 333.0
(13.0) - - - (5.0) (5.0) (4.0)

(1,009.0) (1,145.0) (1,050.0) (878.0) (1,179.0) (1,328.0) (1,228.0)
(1.0) - - - - - -
8.0 16.0 14.0 - - - -
7.0 16.0 14.0 - - - -
7.0% 7.0% 7.0% 7.0% 7.0% 7.0% 7.0%

4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.0%
332.0 318.0 368.0 350.0 345.0 410.0 434.0

521.0 458.0 447.0 489.0 592.0 527.0 457.0
(711.0) (747.0) (874.0) (901.0) (978.0) (1,084.0) (1,100.0)
263.0 256.0 417.0 361.0 273.0 557.0 788.0
405.0 285.0 358.0 299.0 232.0 410.0 579.0
12,190.0 12,379.0 14,480.0 14,532.0 14,500.0 18,531.0 20,760.0

332.0 318.0 368.0 350.0 345.0 410.0 434.0
521.0 458.0 447.0 489.0 592.0 527.0 457.0
176.0 1,769.0 (343.0) (416.0) 2,923.0 1,958.0 (15.0)
(812.0) (436.0) (442.0) (467.0) (534.0) (662.0) (661.0)
- - - - 759.0 - -
- - - - (22.0) (3.0) -
(28.0) (8.0) 22.0 12.0 (32.0) (1.0) (20.0)
12,379.0 14,480.0 14,532.0 14,500.0 18,531.0 20,760.0 20,955.0
11,400.0 13,300.0 13,400.0 13,300.0 17,000.0 19,100.0 19,400.0
9,765.0 9,415.0 10,401.0 12,325.0 12,728.0 14,878.0 15,598.0

163.0 624.0 1,056.0 579.0 690.0 770.0 2,653.0
337.0 839.0 1,348.0 335.0 1,461.0 664.0 565.0
(812.0) (436.0) (442.0) (467.0) (534.0) (662.0) (661.0)
- - - - 587.0 - -
(38.0) (41.0) (38.0) (44.0) (54.0) (52.0) (79.0)
9,415.0 10,401.0 12,325.0 12,728.0 14,878.0 15,598.0 18,076.0
4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%

4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%
4.0% - - - - - -
4.0% - - - - - -
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
29.0% 20.0% 23.0% 22.0% 22.0% 20.0% 23.0%

35.0% 29.0% 25.0% 24.0% 22.0% 24.0% 22.0%
- - - - - - -
36.0% 51.0% 53.0% 54.0% 56.0% 56.0% 55.0%
2,730.4 2,080.2 2,834.8 2,800.2 3,273.2 3,119.6 4,157.5

3,295.3 3,016.3 3,081.3 3,054.7 3,273.2 3,743.5 3,976.7
- - - - - - -
3,389.4 5,304.5 6,532.3 6,873.1 8,331.7 8,734.9 9,941.8
4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%

4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%
4.0% 3.0% 2.9% 3.2% 3.2% 3.2% 3.1%
4.0% 3.0% 2.9% 3.2% 3.2% 3.2% 3.1%
439.0 470.0 503.0 534.0 626.0 678.0 692.0

441.0 469.0 504.0 544.0 609.0 661.0 692.0
470.0 502.0 536.0 579.0 647.0 691.0 728.0
501.0 535.0 569.0 618.0 687.0 729.0 769.0
534.0 567.0 607.0 656.0 727.0 771.0 811.0
3,183.0 3,374.0 3,569.0 3,827.0 4,223.0 4,433.0 4,626.0
(2,964.0) (4,079.0) (2,207.0) (1,772.0) (3,653.0) (5,162.0) (2,879.0)

- - - - - - 6,628.0
- - - - - - 18.0
- - - - - - 6,646.0
3.0 - 70.0 113.0 5.0 20.0 88.0

(36.0) (40.0) (46.0) (51.0) (54.0) (59.0) (63.0)
(2,931.0) (4,039.0) (2,231.0) (1,834.0) (3,604.0) (5,123.0) (2,904.0)
14.0 11.0 13.0 12.0 - - -

242.0 403.0 347.0 260.0 - - -
256.0 414.0 360.0 272.0 - - -
950.0 1,300.0 - 300.0 675.0 600.0 150.0

14.0 11.0 11.0 10.0 8.0 10.0 10.0

68.0 61.0 56.0 60.0 67.0 56.0 47.0
(39.0) (45.0) (49.0) (53.0) (56.0) (57.0) (55.0)
9.0 7.0 17.0 14.0 - 14.0 30.0
52.0 34.0 35.0 31.0 19.0 23.0 32.0
1,567.0 1,590.0 1,759.0 1,746.0 1,609.0 1,946.0 2,104.0

14.0 11.0 11.0 10.0 8.0 10.0 10.0
68.0 61.0 56.0 60.0 67.0 56.0 47.0
(33.0) 142.0 (42.0) (166.0) 234.0 127.0 13.0
(35.0) (54.0) (47.0) (51.0) (48.0) (47.0) (67.0)
- - - - 65.0 - -
9.0 9.0 9.0 10.0 11.0 12.0 14.0
1,590.0 1,759.0 1,746.0 1,609.0 1,946.0 2,104.0 2,121.0
538.0 568.0 614.0 696.0 731.0 762.0 771.0

9.0 34.0 61.0 34.0 33.0 38.0 137.0
48.0 61.0 61.0 45.0 37.0 9.0 47.0
(35.0) (54.0) (47.0) (51.0) (48.0) (47.0) (67.0)
8.0 5.0 7.0 7.0 9.0 9.0 1.0
568.0 614.0 696.0 731.0 762.0 771.0 889.0
4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%

4.4% 3.8% 3.2% 3.5% 4.1% 2.9% 2.3%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
7.5% 7.5% 7.5% 7.5% 7.2% 7.0% 7.0%
29.0% 20.0% 23.0% 22.0% 22.0% 20.0% 23.0%

35.0% 29.0% 25.0% 24.0% 22.0% 24.0% 22.0%
36.0% 51.0% 53.0% 54.0% 56.0% 56.0% 55.0%
164.7 122.8 160.1 160.8 167.6 154.2 204.5

198.8 178.1 174.0 175.4 167.6 185.0 195.6
204.5 313.1 368.9 394.7 426.7 431.8 489.0
4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%

4.5% 3.7% 3.9% 4.3% 3.2% 2.8% 2.9%
44.0 45.0 49.0 51.0 58.0 59.0 61.0

47.0 49.0 53.0 54.0 61.0 63.0 65.0
51.0 53.0 58.0 58.0 67.0 67.0 70.0
56.0 57.0 63.0 63.0 71.0 72.0 74.0
60.0 62.0 67.0 68.0 75.0 76.0 79.0
368.0 378.0 405.0 404.0 433.0 446.0 459.0
(1,022.0) (1,145.0) (1,050.0) (878.0) (1,184.0) (1,333.0) (1,232.0)
- - - - - - 333.0
- - - - - - 333.0
(13.0) - - - (5.0) (5.0) (4.0)

(1,009.0) (1,145.0) (1,050.0) (878.0) (1,179.0) (1,328.0) (1,228.0)
(1.0) - - - - - -
8.0 16.0 14.0 - - - -
7.0 16.0 14.0 - - - -
7.0% 7.0% 7.0% 7.0% 7.0% 7.0% 7.0%

4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.0%
The Walt Disney Company (NYSE:DIS) > Financials > Segments
In Millions of the reported currency. View By: Line Items Restatement: Latest Filings
Business Segments
Revenues
Disney Media and Entertainment Distribution - Linear Networks - - - - - -
Disney Media and Entertainment Distribution - Direct-To-Consumer - - - - - -
Disney Media and Entertainment Distribution - Content Sales/Licensing - - - - - -
Elimination of Intrasegment - - - - - -
Disney Parks, Experiences and Products - Domestic 8,442.0 8,404.0 9,302.0 10,339.0 11,394.0 12,329.0
Disney Parks, Experiences and Products - International 2,225.0 2,357.0 2,495.0 2,581.0 2,693.0 2,770.0
Disney Parks, Experiences and Products - Consumer Products 2,425.0 2,678.0 3,049.0 3,252.0 3,555.0 -
Disney Media and Entertainment Distribution - - - - - -
Disney Parks, Experiences and Products - - - - - -
Media Networks - - - - - -
Media Networks - Cable Networks 10,555.0 11,475.0 12,877.0 13,621.0 14,453.0 15,110.0
Media Networks - Broadcasting 5,654.0 5,687.0 5,837.0 5,815.0 5,903.0 6,042.0
Studio Entertainment 6,136.0 6,701.0 6,351.0 5,825.0 5,979.0 7,278.0
Direct-To-Consumer & International - - - - - -
Intersegment - - - - - -
Consumer Products & Interactive Media - - - - - 5,284.0
Interactive 712.0 761.0 982.0 845.0 1,064.0 -
Total Revenues 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0
5% 7% 3% 7% 8%
#VALUE! 0% 11% 11% 10% 8%

#VALUE! 6% 6% 3% 4% 3%
#VALUE! 9% 12% 6% 6% 5%
#VALUE! 1% 3% 0% 2% 2%
#VALUE! 9% -5% -8% 3% 22%
Operating Profit Before Tax

Disney Media and Entertainment Distribution - Linear Networks - - - - - -
Disney Media and Entertainment Distribution - Direct-To-Consumer - - - - - -
Disney Media and Entertainment Distribution - Content Sales/Licensing - - - - - -
Disney Parks, Experiences and Products - Domestic - - - - - -
Disney Parks, Experiences and Products - International - - - - - -
Disney Parks, Experiences and Products - Consumer Products 609.0 677.0 816.0 937.0 1,112.0 -
Corporate and Unallocated Shared Expenses - - - - - -
Media Networks - - - - - -
Media Networks - Cable Networks 4,260.0 4,473.0 5,233.0 5,704.0 6,047.0 6,467.0
Media Networks - Broadcasting 505.0 659.0 913.0 915.0 771.0 854.0
Studio Entertainment 175.0 693.0 618.0 722.0 661.0 1,549.0
Unallocated Equity in The Income of Investees - - - - - -
Consumer Products & Interactive Media - - - - - 1,472.0
Parks and Resorts 1,418.0 1,318.0 1,553.0 1,902.0 2,220.0 2,663.0
Interactive (295.0) (234.0) (308.0) (216.0) (87.0) -
Total Operating Profit Before Tax 6,672.0 7,586.0 8,825.0 9,964.0 10,724.0 13,005.0
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
25% 25% 27% 29% 31% #VALUE!
40% 39% 41% 42% 42% 43%
9% 12% 16% 16% 13% 14%
3% 10% 10% 12% 11% 21%
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
-41% -31% -31% -26% -8% #VALUE!
18% 20% 22% 24% 24% 27%
Assets
Disney Parks, Experiences and Products - Consumer Products 1,486.0 4,786.0 4,992.0 5,016.0 7,506.0 7,526.0
Corporate 5,658.0 5,281.0 6,336.0 5,417.0 5,991.0 6,391.0
Media Networks 26,936.0 27,112.0 27,244.0 28,660.0 28,627.0 29,566.0
Studio Entertainment 11,104.0 12,742.0 12,221.0 12,928.0 14,750.0 15,162.0
Consumer Products & Interactive Media - - - - - -
Unallocated Goodwill - - - - - -
Interactive 988.0 1,756.0 1,801.0 1,926.0 2,311.0 2,199.0
Total Assets 63,117.0 69,206.0 72,124.0 74,898.0 81,241.0 84,141.0
Depreciation & Amortization

Disney Parks, Experiences and Products - Consumer Products 39.0 78.0 105.0 115.0 146.0 -
Unallocated Tfcf and Hulu - - - - - -
Corporate 128.0 142.0 148.0 182.0 220.0 239.0
Media Networks 206.0 222.0 237.0 258.0 251.0 250.0
Media Networks - Cable Networks - - - - - -
Media Networks - Broadcasting - - - - - -
Studio Entertainment 60.0 89.0 132.0 142.0 161.0 136.0
Consumer Products & Interactive Media - - - - - 191.0
Interactive 50.0 43.0 54.0 49.0 44.0 -
Total Depreciation & Amortization 1,631.0 1,713.0 1,841.0 1,987.0 2,192.0 2,288.0
Capital Expenditure
Disney Parks, Experiences and Products - Domestic (1,039.0) (1,295.0) (2,294.0) (2,242.0) (1,140.0) (1,184.0)
Disney Parks, Experiences and Products - International (143.0) (238.0) (429.0) (641.0) (970.0) (1,504.0)
Disney Parks, Experiences and Products - Consumer Products (46.0) (97.0) (115.0) (69.0) (45.0) -
Corporate (75.0) (137.0) (275.0) (471.0) (287.0) (252.0)
Media Networks - Cable Networks (151.0) (132.0) (179.0) (170.0) (176.0) (172.0)
Media Networks - Broadcasting (143.0) (92.0) (128.0) (85.0) (87.0) (88.0)
Studio Entertainment (135.0) (102.0) (118.0) (79.0) (78.0) (63.0)
Consumer Products & Interactive Media - - - - - (48.0)
Interactive (21.0) (17.0) (21.0) (27.0) (13.0) -
Total Capital Expenditure (1,753.0) (2,110.0) (3,559.0) (3,784.0) (2,796.0) (3,311.0)
Geographic Segments
Revenues
Americas - - - - - -
Europe 6,012.0 6,550.0 6,455.0 6,223.0 6,181.0 6,505.0
Asia Pacific 1,860.0 2,320.0 2,517.0 2,990.0 3,333.0 3,930.0
United States and Canada 27,508.0 28,279.0 30,848.0 31,770.0 34,021.0 36,769.0
Latin America and Other 769.0 914.0 1,073.0 1,295.0 1,506.0 1,609.0
Total Revenues 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0
Operating Profit Before Tax

Europe 1,158.0 1,275.0 1,517.0 1,692.0 1,361.0 1,581.0
Asia Pacific 430.0 620.0 627.0 835.0 1,016.0 1,342.0
Latin America and Other 161.0 217.0 293.0 446.0 476.0 488.0
Total Operating Profit Before Tax 6,672.0 7,586.0 8,825.0 9,964.0 10,724.0 13,005.0
Assets
Europe 3,708.0 5,090.0 6,458.0 7,484.0 7,552.0 8,733.0
Asia Pacific 1,805.0 1,828.0 2,037.0 3,303.0 3,909.0 5,084.0
Latin America and Other 188.0 237.0 267.0 270.0 215.0 217.0
Total Assets 49,271.0 54,921.0 55,886.0 59,016.0 64,901.0 66,943.0

Reclassified Reclassified Reclassified Reclassified
- - - - - 27,583.0 28,093.0
- - - - - 10,552.0 16,319.0
- - - - - 10,977.0 7,346.0
- - (613.0) (668.0) - (762.0) (892.0)
13,611.0 14,242.0 14,812.0 - - - -
2,551.0 2,732.0 3,603.0 - - - -
- - 4,609.0 - - - -
- - - - 42,821.0 - -
- - - 25,257.0 26,786.0 17,038.0 16,552.0
- - - 21,922.0 - - -
16,581.0 16,632.0 14,416.0 - - - -
6,683.0 7,057.0 6,883.0 - - - -
7,366.0 9,441.0 8,352.0 10,065.0 - - -
- - 3,075.0 3,414.0 - - -
- - - (556.0) - - -
5,673.0 5,528.0 - - - - -
- - - - - - -
52,465.0 55,632.0 55,137.0 59,434.0 69,570.0 65,388.0 67,418.0
Promedio 10 años Promedio 5 años Promedio 3 años
7% 6% -1% 8% 17% 7% 7% 8%
10% 5% 4%
-8% 7% 32%
10% 0% -13%
11% 6% -2%
1% 28% -12%
11%
#VALUE! 7% -3%
- - - - - 9,413.0 8,407.0
- - - - - (2,913.0) (1,679.0)
- - - - - 1,153.0 567.0
- - 13.0 (10.0) - - -
- - 3,464.0 - - - -
- - 310.0 - - - -
- - 1,713.0 - - - -
- - - - 7,528.0 - -
- - - 6,095.0 7,319.0 455.0 471.0
(643.0) (640.0) (582.0) (744.0) (987.0) (817.0) (928.0)
- - - 7,338.0 - - -
5,891.0 5,965.0 5,174.0 - - - -
1,088.0 1,193.0 1,256.0 - - - -
1,973.0 2,703.0 2,363.0 3,004.0 - - -
- - (284.0) (738.0) - - -
814.0 597.0 766.0 - - - -
1,884.0 1,965.0 - - - - -
3,031.0 3,298.0 - - - - -
- - - - - - -
14,038.0 15,081.0 13,988.0 14,837.0 11,953.0 7,291.0 6,838.0
#VALUE! #VALUE! 9% #VALUE! #VALUE!
#VALUE! #VALUE! 37% #VALUE! #VALUE!
36% 36% 36% #VALUE! #VALUE!
16% 17% 18% #VALUE! #VALUE!
27% 29% 28% 30% #VALUE!
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
27% 27% 25% 25% 17% 24% 24% 23%
- - - (303.0) (467.0) - -
- - - - - - -
- - - - - 139,538.0 144,675.0
- - - 39,171.0 41,978.0 42,320.0 41,763.0
7,022.0 6,361.0 4,919.0 4,977.0 6,025.0 19,691.0 17,171.0
30,638.0 32,706.0 32,475.0 30,205.0 63,519.0 - -
15,334.0 15,359.0 16,307.0 17,291.0 34,323.0 - -
- - - 7,257.0 48,606.0 - -
9,678.0 9,332.0 8,996.0 - - - -
25,510.0 28,275.0 29,492.0 - - - -
- - 3,600.0 - - - -
- - - - - - -
88,182.0 92,033.0 95,789.0 98,598.0 193,984.0 201,549.0 203,609.0
- - - - - - -
- - - - 651.0 813.0 791.0
- - 2,161.0 2,327.0 2,306.0 2,437.0 2,377.0
- - - - 1,043.0 1,921.0 1,757.0
249.0 251.0 206.0 181.0 167.0 174.0 186.0
266.0 255.0 - 199.0 - - -
- - 122.0 - - - -
- - 84.0 - - - -
139.0 125.0 115.0 119.0 - - -
- - 94.0 185.0 - - -
183.0 175.0 - - - - -
1,517.0 1,721.0 - - - - -
- - - - - - -
2,354.0 2,527.0 2,782.0 3,011.0 4,167.0 5,345.0 5,111.0
(1,457.0) (2,180.0) (2,392.0) (3,223.0) (3,294.0) (2,145.0) (1,597.0)

(2,147.0) (2,035.0) (827.0) (677.0) (852.0) (759.0) (675.0)
- - - - - - -
- - - - (520.0) (783.0) (862.0)
(269.0) (253.0) (158.0) (159.0) (210.0) (335.0) (444.0)
(127.0) (86.0) (64.0) (96.0) - - -
(71.0) (80.0) (67.0) (107.0) - - -
(107.0) (86.0) (85.0) (96.0) - - -
- - (30.0) (107.0) - - -
(87.0) (53.0) - - - - -
- - - - - - -
(4,265.0) (4,773.0) (3,623.0) (4,465.0) (4,876.0) (4,022.0) (3,578.0)
Reclassified Reclassified Reclassified Reclassified

- - - 46,877.0 53,805.0 51,992.0 54,157.0

6,507.0 6,714.0 6,541.0 7,026.0 8,006.0 7,333.0 6,690.0
3,958.0 4,582.0 5,075.0 5,531.0 7,796.0 6,063.0 6,571.0
40,320.0 42,616.0 41,881.0 - - - -
1,680.0 1,720.0 1,640.0 - - - -
52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0
- - - 11,898.0 10,247.0 5,819.0 6,314.0

1,964.0 1,815.0 1,812.0 1,922.0 2,433.0 1,273.0 800.0
1,365.0 1,324.0 1,626.0 1,869.0 2,167.0 1,016.0 652.0
10,820.0 12,139.0 10,962.0 - - - -
532.0 443.0 375.0 - - - -
14,681.0 15,721.0 14,775.0 15,689.0 14,847.0 8,108.0 7,766.0
- - - - 138,674.0 141,674.0 144,788.0

8,254.0 8,125.0 8,208.0 6,275.0 10,793.0 7,672.0 8,215.0
6,817.0 8,228.0 8,196.0 7,775.0 12,703.0 12,235.0 12,012.0
53,976.0 56,388.0 61,215.0 65,245.0 - - -
182.0 210.0 155.0 131.0 - - -
69,229.0 72,951.0 77,774.0 79,426.0 162,170.0 161,581.0 165,015.0

The Walt Disney Company NYSE DIS Financials - 2009

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The Walt Disney Company (NYSE:DIS) > Financials > Key Stats

Total Revenue 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0

Gross Profit 5,697.0 6,726.0 7,781.0 18,931.0 20,007.0 22,393.0

EBITDA 7,328.0 8,439.0 9,622.0 10,971.0 11,642.0 13,828.0

EBIT 5,697.0 6,726.0 7,781.0 8,984.0 9,450.0 11,540.0

Net Income 3,307.0 3,963.0 4,807.0 5,682.0 6,136.0 7,501.0

Current Capitalization (Millions of USD)

Market Capitalization 255,088.9

Book Value of Common Equity 89,864.0

Valuation Multiples based on Current Capitalization

TEV/EBIT 73.2x 49.3x 22.89x 19.38x 16.59x

P/Diluted EPS Before Extra 126.2x 81.5x 31.28x 25.00x 20.94x

P/BV 2.9x 2.8x 2.64x 2.47x 2.38x

52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0 84,918.52

24,101.0 25,768.0 24,831.0 26,708.0 27,546.0 21,508.0 22,287.0 25,065.0 -

15,578.0 17,014.0 16,655.0 17,848.0 16,197.0 9,126.0 8,603.0 10,560.0 16,292.21

13,224.0 14,487.0 13,873.0 14,837.0 12,030.0 3,781.0 3,492.0 5,478.0 13,479.85

8,852.0 9,790.0 9,366.0 13,066.0 10,897.0 (2,442.0) 2,536.0 3,706.0 -

8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0 8,104.83

4.9 5.73 5.69 8.36 6.26 (1.57) 1.11 1.72 4.48

Revenue 36,149.0 38,063.0 40,893.0 42,278.0 45,041.0 48,813.0

Cost Of Goods Sold 30,452.0 31,337.0 33,112.0 23,347.0 25,034.0 26,420.0

Selling General & Admin Exp. - - - 7,960.0 8,365.0 8,565.0

Other Operating Exp., Total - - - 9,947.0 10,557.0 10,853.0

Operating Income 5,697.0 6,726.0 7,781.0 8,984.0 9,450.0 11,540.0

Interest Expense (588.0) (456.0) (435.0) (472.0) (349.0) (294.0)

Interest Paid #VALUE!

Minority Int. in Earnings (302.0) (350.0) (451.0) (491.0) (500.0) (503.0)

Pref. Dividends and Other Adj. - - - - - -

Per Share Items

Diluted EPS $1.76 $2.03 $2.52 $3.13 $3.38 $4.26

Normalized Basic EPS $1.79 $2.02 $2.44 $2.95 $3.17 $4.05

Dividends per Share $0.35 $0.4 $0.6 $0.75 $0.86 $1.15

Normalized Net Income 3,328.0 3,873.1 4,578.4 5,285.3 5,687.5 7,043.9

Supplemental Operating Expense Items

Stock-Based Comp., Unallocated 457.0 522.0 490.0 484.0 477.0 414.0

52,465.0 55,632.0 55,137.0 59,434.0 69,607.0 65,388.0 67,418.0 72,988.0

28,364.0 29,864.0 30,306.0 32,726.0 42,061.0 43,880.0 45,131.0 47,923.0

8,523.0 8,754.0 8,176.0 8,860.0 11,349.0 12,382.0 13,684.0 14,505.0

10,877.0 11,281.0 10,958.0 11,871.0 15,516.0 17,727.0 18,795.0 19,587.0

13,224.0 14,487.0 13,988.0 14,837.0 11,953.0 3,781.0 3,492.0 5,478.0

(265.0) (354.0) (507.0) (682.0) (1,246.0) (1,647.0) (1,546.0) (1,503.0)

814.0 926.0 320.0 (102.0) (103.0) 651.0 761.0 776.0

(470.0) (399.0) (386.0) (468.0) (472.0) (390.0) (512.0) (559.0)

8,382.0 9,391.0 8,980.0 12,598.0 11,054.0 (2,864.0) 1,995.0 3,082.0

$4.95 $5.76 $5.73 $8.4 $6.68 ($1.58) $1.1 $1.7

$4.9 $5.73 $5.69 $8.36 $6.64 ($1.59) $1.09 $1.68

$4.85 $5.57 $5.25 $5.59 $3.89 $0.81 $0.76 $1.4

$1.37 $1.49 $1.62 $1.72 $1.76 NA NA NA

0.067 0.067 0.067 0.067 0.067 0.067 0.067 0.067

15,578.0 17,014.0 16,655.0 17,848.0 16,197.0 9,126.0 8,603.0 10,560.0

8,213.1 9,071.6 8,227.1 8,382.6 6,433.6 1,456.3 1,371.8 2,550.4

411.0 393.0 364.0 393.0 711.0 525.0 600.0 662.0

Revenue exactly as reported by the firm on its consolidated statement of income.

Accounts Receivable 4,458.0 5,128.0 5,686.0 6,152.0 6,539.0 7,274.0

Inventory 1,902.0 2,120.0 2,269.0 2,213.0 2,121.0 2,635.0

Current Assets/Sales 0.25 0.26 0.24 0.23 0.24