Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Income Statement 

The income statement presents information on the financial results of a company 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

US$ in millions

Microsoft Excel
12 months ended: Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Services 74,200 61,768 59,265 60,542 50,869 46,843
Products 8,522 5,650 6,123 9,028 8,565 8,294
Revenues 82,722 67,418 65,388 69,570 59,434 55,137
Cost of services, exclusive of depreciation and amortization (48,962) (41,129) (39,406) (36,450) (27,528) (25,320)
Cost of products, exclusive of depreciation and amortization (5,439) (4,002) (4,474) (5,568) (5,198) (4,986)
Cost of revenues, exclusive of depreciation and amortization (54,401) (45,131) (43,880) (42,018) (32,726) (30,306)
Gross profit 28,321 22,287 21,508 27,552 26,708 24,831
Selling, general, administrative and other (16,388) (13,517) (12,369) (11,541) (8,860) (8,176)
Depreciation and amortization (5,163) (5,111) (5,345) (4,160) (3,011) (2,782)
Restructuring and impairment charges (237) (654) (5,735) (1,183) (33) (98)
Operating income (loss) 6,533 3,005 (1,941) 10,668 14,804 13,775
DraftKings gain (loss) (663) (111) 973
fuboTV gain 186
German FTA gain 126
Endemol Shine gain 65
Hulu gain 4,794
Insurance recoveries (settlements) related to legal matters 46 38 (177)
Charge for the extinguishment of a portion of the debt originally assumed in the TFCF acquisition (511)
Gain on sale of real estate, property rights and other 28 560
Gain related to the acquisition of BAMTech 3 255
Other, net (4)
Other income (expense), net (667) 201 1,038 4,357 601 78
Interest expense (1,549) (1,546) (1,647) (1,246) (682) (507)
Interest income, investment income and other 152 140 156 268 108 122
Interest expense, net (1,397) (1,406) (1,491) (978) (574) (385)
Equity in the income (loss) of investees 816 761 651 (103) (102) 320
Income (loss) from continuing operations before income taxes 5,285 2,561 (1,743) 13,944 14,729 13,788
Income taxes on continuing operations (1,732) (25) (699) (3,031) (1,663) (4,422)
Net income (loss) from continuing operations 3,553 2,536 (2,442) 10,913 13,066 9,366
Income (loss) from discontinued operations, net of income tax (48) (29) (32) 671
Net income (loss) 3,505 2,507 (2,474) 11,584 13,066 9,366
Net income attributable to noncontrolling and redeemable noncontrolling interests (360) (512) (390) (530) (468) (386)
Net income (loss) attributable to The Walt Disney Company (Disney) 3,145 1,995 (2,864) 11,054 12,598 8,980

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

Income statement 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. revenues increased from 2020 to 2021 and from 2021 to 2022.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Walt Disney Co. operating income (loss) increased from 2020 to 2021 and from 2021 to 2022.
Income (loss) from continuing operations 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. income (loss) from continuing operations before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net income (loss) 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. net income (loss) attributable to The Walt Disney Company (Disney) increased from 2020 to 2021 and from 2021 to 2022.