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Walt Disney Co. (NYSE:DIS)

Common-Size Balance Sheet: Assets
Quarterly Data

Walt Disney Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019
Cash and cash equivalents 2.53 2.77 2.81 2.88 2.73 2.99 2.78 3.06 3.01 3.40 3.64 6.90 5.62 5.08 4.19 5.70 6.35 6.56 7.10 7.84 7.95 7.94 8.45 8.89 11.13 6.95 3.40
Receivables, net 7.11 7.01 7.45 6.69 6.82 6.42 6.99 6.49 6.56 6.16 7.14 6.00 6.43 6.23 6.92 6.21 6.71 6.79 7.32 6.57 6.60 6.26 6.96 6.31 6.08 7.04 8.51
Inventories 1.02 1.01 1.07 1.08 1.06 1.02 1.02 1.03 1.00 1.00 0.99 0.95 0.93 0.90 0.91 0.86 0.78 0.71 0.66 0.65 0.66 0.70 0.73 0.79 0.75 0.74 0.78
Content advances 0.94 0.57 0.66 1.04 0.89 0.54 0.59 1.07 1.01 0.98 0.71 1.46 1.16 0.91 0.64 0.93 0.93 0.89 0.55 1.07 1.17 1.10 0.70 1.08 1.51 0.91 0.66
Other current assets 0.56 0.62 0.61 0.59 0.62 0.64 0.63 1.22 1.31 1.08 0.66 0.63 0.66 0.67 0.65 0.59 0.63 0.59 0.55 0.40 0.41 0.42 0.42 0.43 0.43 0.49 0.47
Current assets 12.16% 11.99% 12.60% 12.29% 12.12% 11.61% 12.01% 12.86% 12.89% 12.63% 13.13% 15.94% 14.81% 13.80% 13.31% 14.29% 15.40% 15.52% 16.19% 16.53% 16.80% 16.42% 17.27% 17.49% 19.90% 16.13% 13.82%
Produced and licensed content costs 14.75 14.79 15.40 15.86 15.91 16.25 16.50 16.47 16.58 16.70 16.55 16.34 16.98 18.04 17.94 17.57 16.70 15.98 15.08 14.51 13.79 13.41 12.84 12.41 12.31 12.97 13.21
Investments 3.73 4.09 3.98 4.10 4.41 4.49 4.52 2.27 2.34 1.54 1.56 1.50 1.50 1.65 1.57 1.58 1.59 1.66 1.75 1.93 2.00 2.15 2.00 1.94 1.74 1.54 1.65
Attractions, buildings and equipment 42.71 42.01 40.49 41.54 41.48 40.71 39.75 39.08 37.10 36.99 36.45 34.09 34.26 34.02 33.77 32.90 32.14 32.23 32.10 31.87 31.66 31.48 31.21 30.82 29.44 29.54 29.81
Projects in progress 2.52 2.42 3.66 3.50 3.20 2.93 2.32 2.41 3.15 3.20 2.84 3.06 2.79 2.53 2.69 2.36 2.92 2.63 2.36 2.22 2.40 2.44 2.25 2.21 2.11 1.90 2.00
Land 0.58 0.58 0.59 0.60 0.61 0.60 0.57 0.58 0.59 0.60 0.60 0.57 0.58 0.57 0.57 0.56 0.55 0.56 0.55 0.56 0.53 0.54 0.53 0.51 0.49 0.49 0.51
Parks, resorts and other property, at cost 45.81% 45.00% 44.75% 45.64% 45.28% 44.24% 42.65% 42.07% 40.84% 40.79% 39.89% 37.72% 37.63% 37.11% 37.03% 35.83% 35.61% 35.42% 35.01% 34.65% 34.59% 34.46% 34.00% 33.54% 32.04% 31.93% 32.32%
Accumulated depreciation -23.96 -23.44 -23.37 -24.75 -24.84 -24.27 -23.29 -23.19 -22.61 -22.58 -22.03 -20.73 -20.67 -20.23 -20.11 -19.33 -19.15 -19.16 -18.94 -18.62 -18.58 -18.41 -18.02 -17.62 -16.68 -16.34 -16.45
Parks, resorts and other property, net 21.85% 21.56% 21.38% 20.89% 20.44% 19.96% 19.36% 18.88% 18.22% 18.21% 17.86% 17.00% 16.97% 16.88% 16.92% 16.50% 16.46% 16.26% 16.07% 16.02% 16.01% 16.05% 15.98% 15.92% 15.36% 15.59% 15.87%
Intangible assets, net 4.78 4.90 4.67 4.69 4.90 5.11 5.26 5.47 5.62 5.88 6.39 6.35 6.61 6.78 7.10 7.29 7.51 7.84 8.15 8.41 8.70 9.05 9.23 9.51 9.43 10.68 11.28
Goodwill 36.48 36.39 36.99 37.11 37.29 37.44 37.21 37.37 37.37 37.88 38.97 37.49 38.22 38.02 38.52 38.25 38.19 38.54 38.39 38.34 38.49 38.88 38.54 38.55 37.19 38.93 39.97
Other assets 6.26 6.27 4.99 5.06 4.94 5.14 5.15 6.68 6.97 7.16 5.55 5.39 4.91 4.84 4.63 4.52 4.15 4.20 4.36 4.25 4.21 4.04 4.13 4.18 4.06 4.16 4.20
Long-term assets 87.84% 88.01% 87.40% 87.71% 87.88% 88.39% 87.99% 87.14% 87.11% 87.37% 86.87% 84.06% 85.19% 86.20% 86.69% 85.71% 84.60% 84.48% 83.81% 83.47% 83.20% 83.58% 82.73% 82.51% 80.10% 83.87% 86.18%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28).

The common-size balance sheet analysis reveals a strategic shift in asset allocation, characterized by a reduction in relative liquidity and a sustained increase in long-term capital investments, specifically within physical infrastructure.

Liquidity and Current Asset Trends
A contraction in the proportion of current assets is observed, decreasing from a peak of 19.90% in June 2020 to 12.16% by June 2026. This trend is primarily driven by the decline in cash and cash equivalents, which peaked at 11.13% during the 2020 period before descending to 2.53% by June 2026. Receivables remained relatively stable, fluctuating between 6.00% and 8.51% of total assets throughout the analyzed timeframe.
Fixed Asset Expansion and Capital Investment
A pronounced upward trend is evident in investments toward physical infrastructure. Attractions, buildings, and equipment increased from 29.81% in December 2019 to 42.71% by June 2026. This growth is further reflected in the net value of parks, resorts, and other property, which rose from 15.87% to 21.85%. Parallel to this expansion, accumulated depreciation increased in magnitude from -16.45% to -23.96%, indicating a larger and aging capital asset base.
Content and Intangible Asset Valuation
Produced and licensed content costs exhibited a period of growth, peaking at 18.04% in April 2023 before moderating to 14.75% by June 2026. Conversely, net intangible assets showed a consistent long-term decline, dropping from 11.28% in December 2019 to 4.78% by June 2026, likely attributable to steady amortization. Goodwill remained the largest single asset component, although its relative weight decreased slightly from 39.97% to 36.48%.
Overall Asset Composition
The balance sheet structure has evolved toward a more illiquid, long-term orientation. Long-term assets as a percentage of total assets increased from 86.18% in December 2019 to 87.84% by June 2026. This shift indicates a strategic prioritization of long-term capital expenditures and physical expansion over the maintenance of high liquid reserves.

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