Walt Disney Co. (DIS)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walt Disney Co., Consolidated Income Statement

USD $ in millions

	12 months ended	Sep 29, 2018		Sep 30, 2017		Oct 1, 2016		Oct 3, 2015		Sep 27, 2014		Sep 28, 2013
	Services
	Products
	Revenues
	Cost of services, exclusive of depreciation and amortization
	Cost of products, exclusive of depreciation and amortization
	Cost of revenues, exclusive of depreciation and amortization
	Gross profit
	Selling, general, administrative and other
	Depreciation and amortization
	Restructuring and impairment charges
	Operating income
	Gains on sales of real estate and property rights
	Settlement of litigation
	Gain related to the acquisition of BAMTech
	Other
	Other income (expense), net
	Interest expense
	Interest and investment income
	Interest income (expense), net
	Equity in the income (loss) of investees, net
	Income before income taxes
	Income taxes
	Net income
	Net income attributable to noncontrolling interests
	Net income attributable to The Walt Disney Company (Disney)

Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-19), 10-K (filing date: 2013-11-20).

Item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Walt Disney Co.’s revenues declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Walt Disney Co.’s operating income declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Walt Disney Co.’s income before income taxes declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Net income attributable to The Walt Disney Company (Disney)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Walt Disney Co.’s net income attributable to The Walt Disney Company (Disney) declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

	Walt Disney Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality