Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

	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	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019	Dec 29, 2018
Cash and cash equivalents	5,367)	5,852)	5,486)	6,002)	5,954)	6,635)	7,192)	14,182)	11,458)	10,399)	8,470)	11,615)	12,959)	13,272)	14,444)	15,959)	16,070)	15,890)	17,068)	17,914)	23,115)	14,339)	6,833)	5,418)	6,728)	10,108)	4,455)
Receivables, net	13,402)	12,571)	13,767)	12,729)	12,966)	12,026)	14,115)	12,330)	13,112)	12,770)	13,993)	12,652)	13,685)	13,746)	14,882)	13,367)	13,355)	12,533)	14,051)	12,708)	12,622)	14,532)	17,100)	15,481)	15,673)	14,593)	10,123)
Inventories	2,080)	1,999)	2,018)	2,022)	1,984)	1,948)	1,954)	1,963)	1,900)	1,848)	1,830)	1,742)	1,590)	1,428)	1,345)	1,331)	1,344)	1,406)	1,480)	1,583)	1,559)	1,531)	1,571)	1,649)	1,516)	1,445)	1,357)
Content advances	1,756)	1,063)	1,157)	2,097)	1,992)	1,921)	1,409)	3,002)	2,369)	1,872)	1,300)	1,890)	1,902)	1,796)	1,125)	2,183)	2,367)	2,204)	1,423)	2,171)	3,135)	1,869)	1,334)	4,597)	4,526)	5,408)	824)
Other current assets	1,215)	1,250)	1,239)	2,391)	2,597)	2,106)	1,301)	1,286)	1,335)	1,374)	1,319)	1,199)	1,286)	1,185)	1,117)	817)	830)	844)	852)	875)	899)	1,003)	938)	979)	1,035)	1,257)	778)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,892)	1,466)	—)
Current assets	23,820)	22,735)	23,667)	25,241)	25,493)	24,636)	25,971)	32,763)	30,174)	28,263)	26,912)	29,098)	31,422)	31,427)	32,913)	33,657)	33,966)	32,877)	34,874)	35,251)	41,330)	33,274)	27,776)	28,124)	31,370)	34,277)	17,537)
Produced and licensed content costs	31,278)	31,820)	32,505)	32,312)	32,799)	32,590)	32,725)	33,591)	34,607)	36,949)	36,266)	35,777)	34,077)	32,349)	30,669)	29,549)	27,889)	26,858)	25,929)	25,022)	25,560)	26,757)	26,539)	22,810)	22,552)	24,353)	8,177)
Investments	8,671)	8,794)	8,902)	4,459)	4,632)	3,007)	3,084)	3,080)	3,062)	3,387)	3,169)	3,218)	3,236)	3,356)	3,549)	3,935)	4,045)	4,309)	4,037)	3,903)	3,611)	3,180)	3,312)	3,224)	3,872)	4,080)	2,970)
Attractions, buildings and equipment	81,547)	79,721)	78,328)	76,674)	73,366)	72,173)	72,096)	70,090)	69,819)	69,695)	68,253)	66,998)	65,599)	65,247)	65,257)	64,892)	64,023)	63,037)	63,017)	62,111)	61,130)	60,929)	59,910)	58,589)	57,457)	57,991)	55,385)
Projects in progress	6,294)	5,740)	4,581)	4,728)	6,223)	6,243)	5,618)	6,285)	5,689)	5,175)	5,430)	4,814)	5,956)	5,327)	4,808)	4,521)	4,856)	4,891)	4,547)	4,449)	4,380)	3,916)	4,023)	4,264)	4,853)	4,984)	4,336)
Land	1,191)	1,166)	1,129)	1,145)	1,172)	1,174)	1,182)	1,176)	1,181)	1,161)	1,158)	1,140)	1,117)	1,126)	1,121)	1,131)	1,077)	1,075)	1,079)	1,035)	1,020)	1,019)	1,019)	1,165)	1,170)	1,174)	1,145)
Parks, resorts and other property, at cost	89,032)	86,627)	84,038)	82,547)	80,761)	79,590)	78,896)	77,551)	76,689)	76,031)	74,841)	72,952)	72,672)	71,700)	71,186)	70,544)	69,956)	69,003)	68,643)	67,595)	66,530)	65,864)	64,952)	64,018)	63,480)	64,149)	60,866)
Accumulated depreciation	(48,847)	(47,532)	(45,898)	(45,506)	(44,720)	(44,065)	(43,575)	(42,610)	(42,112)	(41,452)	(40,641)	(39,356)	(39,089)	(38,783)	(38,505)	(37,920)	(37,579)	(36,866)	(36,380)	(35,517)	(34,639)	(33,713)	(33,057)	(32,415)	(32,088)	(33,132)	(31,069)
Parks, resorts and other property, net	40,185)	39,095)	38,140)	37,041)	36,041)	35,525)	35,321)	34,941)	34,577)	34,579)	34,200)	33,596)	33,583)	32,917)	32,681)	32,624)	32,377)	32,137)	32,263)	32,078)	31,891)	32,151)	31,895)	31,603)	31,392)	31,017)	29,797)
Intangible assets, net	9,639)	10,006)	10,372)	10,739)	11,107)	11,474)	12,639)	13,061)	13,478)	13,887)	14,347)	14,837)	15,334)	15,875)	16,574)	17,115)	17,601)	18,123)	18,642)	19,173)	19,589)	22,037)	22,669)	23,215)	25,114)	26,985)	6,747)
Goodwill	73,314)	73,313)	73,312)	73,326)	73,914)	73,914)	77,066)	77,067)	77,881)	77,878)	77,867)	77,897)	77,945)	78,019)	78,052)	78,071)	77,835)	77,861)	77,800)	77,689)	77,233)	80,320)	80,314)	80,293)	77,801)	75,057)	31,289)
Noncurrent assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	12,591)	13,182)	—)
Other assets	9,705)	10,070)	10,148)	13,101)	13,786)	13,964)	10,968)	11,076)	10,004)	9,915)	9,363)	9,208)	8,477)	8,510)	8,873)	8,658)	8,508)	8,085)	8,343)	8,433)	8,435)	8,575)	8,443)	4,715)	4,783)	5,391)	3,424)
Long-term assets	172,792)	173,098)	173,379)	170,978)	172,279)	170,474)	171,803)	172,816)	173,609)	176,595)	175,212)	174,533)	172,652)	171,026)	170,398)	169,952)	168,255)	167,373)	167,014)	166,298)	166,319)	173,020)	173,172)	165,860)	178,105)	180,065)	82,404)
Total assets	196,612)	195,833)	197,046)	196,219)	197,772)	195,110)	197,774)	205,579)	203,783)	204,858)	202,124)	203,631)	204,074)	202,453)	203,311)	203,609)	202,221)	200,250)	201,888)	201,549)	207,649)	206,294)	200,948)	193,984)	209,475)	214,342)	99,941)

The analysis of the quarterly financial data reveals several noteworthy trends in the company's liquidity, asset composition, and investment patterns over the observed periods.

Cash and Cash Equivalents: There is significant volatility in cash and cash equivalents, starting at $4,455 million and peaking at $23,115 million in mid-2020, likely influenced by operational or financing activities. Following this peak, a general downward trend is observed, with figures declining to mid-range levels between $5,367 million and $6,000 million in the latest quarters.
Receivables, Net: Receivables generally rise early in the timeframe, reaching a high of $17,100 million at the end of 2019, then fluctuate moderately around the $12,000 million to $14,000 million range, reflecting relatively stable collection cycles and sales on credit.
Inventories: Inventories show a steady increase from $1,357 million to approximately $2,080 million by the latest quarter, indicating either buildup in stock levels or increased production and licensing activities.
Content Advances: The content advances fluctuate, initially elevated in early 2019 but then declining sharply near the end of that year. A gradual rebound is seen from 2021 onwards, peaking notably around $3,002 million in early 2022, suggesting shifts in investment or production in content assets.
Other Current Assets: Other current assets increase gradually over time with occasional fluctuations, from $778 million to a significant jump around $2,597 million during 2022, before receding to lower levels in recent quarters.
Assets Held for Sale: This category is only reported in early periods, peaking at $1,892 million and becoming unreported afterwards, indicating the disposal or reclassification of these assets.
Current Assets: Current assets double from $17,537 million to over $41,330 million in mid-2020, driven mainly by increased cash and receivables, then gradually contract to the $22,735 million to $25,000 million range, reflecting adjustments in working capital and cash positions.
Produced and Licensed Content Costs: There is a marked rise in produced and licensed content costs, from $8,177 million to over $36,000 million during mid-2022, followed by a slight decline to closer to $31,000 million, highlighting continued investment in content production with some stabilization recently.
Investments: Investments trend upwards initially but display irregular fluctuations, with an abrupt increase exceeding $8,900 million during late 2024 and early 2025, indicating potential acquisitions or increased stakes in subsidiaries or affiliates.
Attractions, Buildings, and Equipment: This fixed asset category consistently grows, rising from $55,385 million to over $81,547 million, suggesting ongoing capital expenditures, expansions, or enhancements in physical infrastructure.
Projects in Progress: Projects in progress vary over time but exhibit an overall upward movement with some volatility, reaching near $6,294 million in the latest period, reflecting active development and investment in new assets.
Land: Land assets maintain a relatively stable value with slight increases, from around $1,145 million to $1,191 million, indicating limited acquisition or disposition of land holdings.
Parks, Resorts, and Other Property, at Cost: Consistent growth is observed, increasing from $60,866 million to nearly $89,032 million by the latest quarter, pointing to sustained investment in core property and resort assets.
Accumulated Depreciation: Accumulated depreciation steadily increases in magnitude (negative values rising from -$31,069 million to -$48,847 million), reflecting ongoing wear and aging of property and equipment in line with usage and accounting policies.
Parks, Resorts, and Other Property, Net: The net value of these assets rises gradually from approximately $29,797 million to over $40,185 million, highlighting continued asset growth that outpaces depreciation effects.
Intangible Assets, Net: Intangible assets exhibit a declining trend from $6,747 million to approximately $9,639 million, but considering the initial leap suggests a reclassification or write-down, the ultimate trend indicates amortization or impairment impacts over the periods.
Goodwill: Goodwill shows a sharp initial increase leading up to over $80,000 million and thereafter a slow decline to about $73,000 million, indicating large acquisitions early on with subsequent moderate impairments or adjustments.
Noncurrent Assets Held for Sale: This item is only reported in early periods and not in the latter ones, suggesting asset disposals or reclassifications.
Other Assets: Other assets increase from $3,424 million to peaks exceeding $13,964 million before showing some decrease, illustrating investments or changes in long-term non-specified asset categories.
Long-Term Assets: Long-term assets more than double from $82,404 million to approximately $172,792 million, reflecting substantial investment in fixed and intangible assets and acquisitions, though with minor fluctuations near the end.
Total Assets: Total assets more than double from $99,941 million to approximately $196,612 million, with a peak in mid-period followed by stabilizing but slightly fluctuating levels, consistent with overall asset build-up and operational scaling.

In summary, the data depict a company experiencing significant growth in both current and long-term assets, with substantial spending and accumulation in property, content, and goodwill. The patterns also reveal active management of liquidity and investments, occasional asset disposals, and ongoing depreciation and amortization consistent with asset aging. Recent periods demonstrate some moderation in cash levels and investments, alongside stable growth in physical and intangible asset bases.

Assets: Selected Items

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Current Assets: Selected Items

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Walt Disney Co. (NYSE:DIS)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data