Walt Disney Co. (NYSE:DIS)

The analysis of the current assets over the presented periods indicates a generally declining trend. Beginning with a value of 35,251 million USD, current assets decreased to 24,267 million USD by the last reported period. This downward movement shows a reduction in short-term resources available to the company over the span of the data.

Adjusted current assets, which may incorporate certain reclassifications or provisions, follow a similar decreasing trajectory. Starting at 35,677 million USD, the adjusted figures dropped to 24,357 million USD in the final period. The close alignment in values between current and adjusted current assets suggests that the adjustments did not drastically alter the overall trend or magnitude of the asset base.

Notably, there is a more pronounced decline between the periods ending in 2021 and 2024, where both current and adjusted current assets show sharper decreases. The decline from approximately 33,600 million USD in 2021 to about 25,300 million USD in 2024 highlights a significant reduction of roughly 25%. Between 2024 and 2025, the values stabilize somewhat, showing a slower rate of decline.

Overall, this pattern points toward a contraction in liquid and near-liquid assets over time. This could reflect various operational strategies, investment decisions, or external factors impacting liquidity. Further analysis of related financial metrics would be necessary to understand the implications fully on working capital management and short-term financial health.

The analysis of the annual financial data over the reported periods reveals the following insights concerning the asset base:

Total Assets

The total assets exhibited a gradual increase from 201,549 million US dollars in 2020 to a peak of 205,579 million US dollars in 2023. This upward trend indicates a steady accumulation of resources or investment in assets by the end of this period. However, there is a noticeable decline to 196,219 million dollars in 2024, followed by a slight recovery to 197,514 million dollars in 2025. The dip after 2023 could suggest asset disposals, impairments, or other adjustments affecting the company's asset holdings.

Adjusted Total Assets

The adjusted total assets closely mirror the trend observed in total assets, starting at 201,646 million dollars in 2020 and reaching a high of 205,023 million dollars in 2023. Subsequently, the figure declines to 195,647 million dollars in 2024 with a modest increase to 196,875 million dollars by 2025. The parallel movement between adjusted and total assets suggests consistency in the adjustments made, reflecting changes in asset valuation or reporting practices that align closely with the overall asset structure.

Overall, the data suggests a period of asset growth leading up to 2023, followed by a contraction in the subsequent years with minor recovery. The similarities between total and adjusted asset values imply stable accounting adjustments without significant anomalies. The reasons behind the asset decrease after 2023 warrant further investigation to understand potential impacts on operational capacity or financial stability.

Current Liabilities

The current liabilities demonstrated an overall increasing trend from 26,628 million US dollars in the 2020 period to 34,162 million US dollars in the 2025 period. There was a notable rise between 2020 and 2021, followed by a slight dip in 2022. Subsequently, the current liabilities increased steadily through 2024, peaking slightly before a marginal decline in 2025.

Adjusted Current Liabilities

Adjusted current liabilities showed a similar pattern to current liabilities but at generally lower levels, indicating adjustments likely related to certain exclusions or reclassifications. Starting at 22,940 million US dollars in 2020, these liabilities increased to 27,010 million US dollars in 2021. A decrease occurred in 2022, followed by a steady upward movement through 2024, reaching 29,012 million US dollars before a slight reduction to 28,473 million US dollars in 2025.

Comparative Insights

The difference between current liabilities and adjusted current liabilities remains consistent over time, suggesting stable adjustments relative to the total current liabilities. The recurring fluctuations, particularly the dips in 2022 for both metrics, may reflect periodic operational or financial adjustments. The general upward trajectory in liabilities through most of the periods could indicate expansionary activities or increasing short-term obligations.

The analysis of the financial data over the six-year period reveals a consistent downward trend in both total liabilities and adjusted total liabilities. This trend suggests an ongoing effort to reduce the company’s overall debt obligations.

Total liabilities

Total liabilities decreased steadily from $104,037 million in 2020 to $82,902 million in 2025. The decline was gradual but consistent across the years, with notable annual reductions, reflecting potential improvements in debt management or repayment strategies. This reduction equates to approximately a 20% decrease over the observed period.

Adjusted total liabilities

Adjusted total liabilities also showed a similar downward trajectory, falling from $92,191 million in 2020 to $72,904 million in 2025. This 21% reduction indicates a sustained focus on adjusting liabilities to more accurately reflect financial commitments or to exclude certain short-term or non-operational liabilities from reported totals.

Comparative insights

The difference between total liabilities and adjusted total liabilities is maintained throughout the period, with adjusted liabilities consistently lower than total liabilities. This gap remains fairly stable, indicating consistent accounting or adjustment policies applied each year.

Overall, the downward trend in both total and adjusted liabilities over the six years points to a strengthening in the company’s financial health, potentially enhancing liquidity and reducing financial risk. The consistent nature of the decline indicates a deliberate strategy to manage and reduce debt levels progressively.

Total Disney Shareholder’s Equity

The total shareholder’s equity displayed a consistent upward trend over the observed periods. Starting at approximately 83.6 billion USD, it increased steadily each year, reaching close to 110 billion USD by the final reported period. This reflects a general strengthening of the company’s equity base, indicating potential growth in retained earnings, capital contributions, or other comprehensive income components.

Adjusted Total Equity

The adjusted total equity also showed a growth pattern over time, beginning at about 109.5 billion USD and peaking near 126.3 billion USD around the fourth period. However, a decline was observed in the fifth period, where it decreased to approximately 117.7 billion USD, followed by a recovery to roughly 124 billion USD in the last period. This fluctuation suggests some variability in adjustments made to the equity figures, which could be related to revaluations, reserve adjustments, or other financial activities impacting adjusted calculations.

Comparative Insights

While both total shareholder’s equity and adjusted total equity followed an overall growth trajectory, the adjusted equity values were consistently higher than the unadjusted figures across all periods. The divergence between these two measures indicates the impact of adjustments that are significant enough to materially increase the reported equity, underscoring the importance of analyzing both standard and adjusted metrics to gain a comprehensive understanding of the company’s financial position.

The analysis of the financial data over the six-year period reveals several notable trends in the company's debt, equity, and capital structure. Overall, the company appears to be strengthening its financial position by managing its debt levels and enhancing shareholder equity.

Total Reported Debt

There is a consistent downward trend in total reported debt, decreasing from $58,936 million in 2020 to $42,188 million in 2025. This represents a significant reduction, indicating ongoing efforts to reduce leverage and improve financial stability.

Total Disney Shareholder’s Equity

Shareholder equity shows a steady increase over the period, rising from $83,583 million in 2020 to $109,869 million in 2025. This positive growth suggests that the company is generating retained earnings and possibly issuing equity, thereby strengthening its net asset base.

Total Reported Capital

Total reported capital exhibits a slight upward trend, moving from $142,519 million in 2020 to $152,057 million in 2025. Despite the decline in debt, the capital base grows moderately, largely driven by increases in equity.

Adjusted Total Debt

The adjusted total debt follows a similar decline as the reported debt, decreasing from $62,323 million in 2020 to $45,423 million in 2025. This confirms the trend of reducing overall indebtedness under adjusted measures, enhancing financial leverage metrics.

Adjusted Total Equity

Adjusted total equity rises from $109,455 million in 2020 to $123,971 million in 2025. Though the increase is not strictly linear, this reflects a generally improving equity base when considering the adjusted figures.

Adjusted Total Capital

Adjusted total capital peaks around 2023 at $176,931 million, then declines to $169,394 million in 2025. This slight decrease after 2023 suggests that changes in debt and equity components start to balance out, possibly due to strategic financial decisions affecting capital structure.

In summary, the company demonstrates a clear strategy of reducing its debt burden while simultaneously increasing shareholder equity, which enhances overall capital. The steady increase in equity and reduction in debt imply improved financial health and potentially lower financial risk. The adjusted figures reinforce these observations, suggesting consistency in the company's approach to capital management throughout the analyzed period.

Revenue Growth

The company's revenues exhibited a consistent upward trend over the observed period. Starting at $65,388 million in 2020, revenues increased to $94,425 million by 2025. This represents a substantial growth, with the most notable jump occurring between 2021 and 2022, where revenues rose from $67,418 million to $82,722 million.

Adjusted Revenues

Adjusted revenues similarly showed steady growth across the years, closely mirroring the pattern of total revenues. Beginning at $64,920 million in 2020, adjusted revenues rose to $94,454 million in 2025. The figures indicate effective adjustments that maintain a consistent relationship between the reported and adjusted numbers.

Overall Trends

The data reflect robust financial performance with revenues increasing nearly every year. The incremental rises from 2023 onwards also suggest stabilization and continuing positive momentum in revenue generation.

Insights

The alignment between adjusted and reported revenues over the period implies high reliability of adjusted figures and a strong underlying business performance. The steady annual increases indicate successful business operations and potential expansion or enhanced market penetration strategies.

Net Income (Loss) Attributable to The Walt Disney Company

The net income showed a significant negative value in the fiscal year ending October 3, 2020, with a loss of $2,864 million. In the following year, there was a sharp turnaround to a positive net income of $1,995 million. This upward trend continued through to the fiscal year ending September 27, 2025, where net income reached a substantial high of $12,404 million. Despite a slight dip in the fiscal year ending September 30, 2023 to $2,354 million, the overall trajectory was strongly positive, reflecting considerable financial recovery and growth over the period analyzed.

Adjusted Net Income (Loss)

The adjusted net income also reflected a negative performance at the start of the period, with a loss of $4,940 million in 2020. However, this metric exhibited a robust recovery over the subsequent years, increasing to $3,222 million in 2021 and peaking at $7,504 million in 2022. A decline was observed in 2023, where adjusted net income dropped to $2,830 million, but it rebounded in the following years, reaching $11,561 million in 2025. The adjusted net income demonstrated a pattern of volatility but an overall positive upward trend, underscoring improved operational results after adjustment for special items.

Overall Financial Trends

The analysis reveals a clear recovery from a significant loss position in 2020 to strong profitability in subsequent years. Both net income and adjusted net income metrics show consistent improvement, with some fluctuations indicating periods of volatility or adjustment. The remarkable growth in net income by 2025 signals effective financial management and underlying business strength. Adjusted net income results suggest that, despite some one-time impacts or exceptional items, the core operations have strengthened notably over the period.