Parks, resorts, and other property are carried at historical cost. Depreciation is computed on the straight-line method over estimated useful lives as follows:
| Attractions | 25 – 40 years |
| Buildings and improvements | 20 – 40 years |
| Leasehold improvements | Life of lease or asset life if less |
| Land improvements | 20 – 40 years |
| Furniture, fixtures and equipment | 3 – 25 years |
Source: Walt Disney Co., Annual Report
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Walt Disney Co., Statement of Financial Position, Property, Plant and Equipment
USD $ in millions
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
 |
Attractions, buildings and improvements | |
|
|
|
|
|
|
Leasehold improvements | |
|
|
|
|
|
|
Furniture, fixtures and equipment | |
|
|
|
|
|
|
Land improvements | |
|
|
|
|
|
|
Projects in progress | |
|
|
|
|
|
|
Land | |
|
|
|
|
|
|
Parks, resorts and other property, at cost | |
|
|
|
|
|
|
Accumulated depreciation | |
|
|
|
|
|
|
Parks, resorts and other property, net | |
|
|
|
|
|
Source: Based on data from Walt Disney Co. Annual Reports
| Item | Description | The company |
|---|---|---|
| Attractions, buildings and improvements | Carrying amount as of the balance sheet date of long-lived, depreciable assets that include building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing. | Walt Disney Co.'s attractions, buildings and improvements increased from 2009 to 2010 and from 2010 to 2011. |
| Leasehold improvements | Carrying amount at the balance sheet date of long-lived, depreciable asset that is an addition or improvement to assets held under lease arrangement. | Walt Disney Co.'s leasehold improvements declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Furniture, fixtures and equipment | Carrying amount at the balance sheet date for long-lived, depreciable asset commonly used in offices and stores. Examples include desks, chairs, and store fixtures. | Walt Disney Co.'s furniture, fixtures and equipment increased from 2009 to 2010 and from 2010 to 2011. |
| Projects in progress | Carrying amount at the balance sheet date of long-lived asset under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. | Walt Disney Co.'s projects in progress increased from 2009 to 2010 and from 2010 to 2011. |
| Land | Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. | Walt Disney Co.'s land declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Parks, resorts and other property, at cost | Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. | Walt Disney Co.'s parks, resorts and other property, at cost increased from 2009 to 2010 and from 2010 to 2011. |
| Parks, resorts and other property, net | Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. | Walt Disney Co.'s parks, resorts and other property, net increased from 2009 to 2010 and from 2010 to 2011. |
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Walt Disney Co., Property, Plant and Equipment Ratios
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
|
Average age | % |
% |
% |
% |
% |
% |
|
Estimated total useful life (years) | |
|
|
|
|
|
|
Estimated age, time elapsed since purchase (years) | |
|
|
|
|
|
|
Estimated remaining life (years) | |
|
|
|
|
|
| Ratio | Description | The company |
|---|---|---|
| Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. | Walt Disney Co.'s average age of depreciable property, plant and equipment deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level. |
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company's depreciation policy and can be used for comparisons with competitors. | Walt Disney Co.'s estimated total useful life of depreciable property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011. |
| Estimated time elapsed since purchase | The approximate age in years of a company's fixed assets. Useful for comparison purposes. | Walt Disney Co.'s estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2009 to 2010 and from 2010 to 2011. |
| Estimated remaining life | Walt Disney Co.'s estimated remaining life of depreciable property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011. |
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
|
Accumulated depreciation | |
|
|
|
|
|
|
Parks, resorts and other property, at cost | |
|
|
|
|
|
|
Land | |
|
|
|
|
|
| Ratio | |||||||
|
Average age1 | % |
% |
% |
% |
% |
% |
2011 Calculations
1 Average age = 100 × Accumulated depreciation ÷ (Parks, resorts and other property, at cost – Land)
= 100 × ÷ ( – ) = %
| Ratio | Description | The company |
|---|---|---|
| Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. | Walt Disney Co.'s average age of depreciable property, plant and equipment deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level. |
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
|
Parks, resorts and other property, at cost | |
|
|
|
|
|
|
Land | |
|
|
|
|
|
|
Depreciation expense | |
|
|
|
|
|
| Ratio | |||||||
|
Estimated total useful life (years)1 | |
|
|
|
|
|
2011 Calculations
1 Estimated total useful life (years) = (Parks, resorts and other property, at cost – Land) ÷ Depreciation expense
= ( – ) ÷ =
| Ratio | Description | The company |
|---|---|---|
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company's depreciation policy and can be used for comparisons with competitors. | Walt Disney Co.'s estimated total useful life of depreciable property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011. |
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
|
Accumulated depreciation | |
|
|
|
|
|
|
Depreciation expense | |
|
|
|
|
|
| Ratio | |||||||
|
Time elapsed since purchase (years)1 | |
|
|
|
|
|
2011 Calculations
1 Time elapsed since purchase (years) = Accumulated depreciation ÷ Depreciation expense
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Estimated time elapsed since purchase | The approximate age in years of a company's fixed assets. Useful for comparison purposes. | Walt Disney Co.'s estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2009 to 2010 and from 2010 to 2011. |
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
| Oct 1, 2011 | Oct 2, 2010 | Oct 3, 2009 | Sep 27, 2008 | Sep 29, 2007 | Sep 30, 2006 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
|
Parks, resorts and other property, net | |
|
|
|
|
|
|
Land | |
|
|
|
|
|
|
Depreciation expense | |
|
|
|
|
|
| Ratio | |||||||
|
Estimated remaining life (years)1 | |
|
|
|
|
|
2011 Calculations
1 Estimated remaining life (years) = (Parks, resorts and other property, net – Land) ÷ Depreciation expense
= ( – ) ÷ =
| Ratio | Description | The company |
|---|---|---|
| Estimated remaining life | Walt Disney Co.'s estimated remaining life of depreciable property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011. |
Stock Analysis on Net (www.stock-analysis-on.net)
Copyright © 2012 EBIT Financial Analyses Center